Category: Energy
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Nuveen and Exus Join Forces to Create 800MW Battery Projects Portfolio in Italy
1. Nuveen Infrastructure and Exus Renewables will co-develop 800MW of battery storage projects in southern Italy. 2. The projects will be located in the Puglia region and will use Alfen’s The Battery Elements battery storage system. 3. Construction on the first projects in the portfolio is planned to begin in Q4 2026, with the goal…
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SUSI Partners’ Investment to Support Expansion of Utility-Scale Renewable Projects in the Philippines
– SUSI Partners has entered into an investment agreement with Alba Renewables to support solar and wind projects in the Philippines – SUSI’s investment will focus on funding the construction of designated projects over the next 24 months – The partnership is well positioned to quickly reach significant scale in the context of the energy…
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US Rejects Electric Vehicle Subsidies for European Union Cars
– The US and EU are at odds over eligibility of European-manufactured EVs for US tax credits and rebates. – Negotiations between the US and EU on a raw materials partnership for EV batteries have hit roadblocks over labor standards. – A potential agreement on critical minerals could make European EVs eligible for half of…
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Expansion Plan of $27.6bn Revealed by Adani Green Energy in India
1. Adani Green Energy plans to invest Rs2.3tn ($27.6bn) to expand its green energy production capacity. 2. The investment will focus on increasing solar and wind power generation capacity, with a target of 30GW by 2030. 3. Adani New Industries will triple photovoltaic cell and module production capacity to 10GW by 2026-2027 to support expansion…
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Increasing Risk in Power Sector Calls for Updated Management Strategies
1. Owners and operators of thermal and renewable energy infrastructure face new risks from digitization of the grid, uncertain regulations, and changing weather patterns. 2. Cybersecurity has become a major concern for the power and utilities sector due to digital transformation, grid vulnerabilities, and evolving regulatory requirements. 3. Climate change impacts, market pressures, and digital…
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Torus and Alsym secure $145m in funding for non-lithium energy storage technologies
1. Alsym raises $78 million in venture capital funding from Tata Sons and General Catalyst for its mystery non-lithium battery technology 2. Torus to scale up flywheel tech and software offering for residential and commercial energy storage systems and virtual power plant solutions 3. Torus adds talent to team and board members Brent Hill and…
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Hitachi Rail introduces new long-distance hybrid battery trains in Italy
– Hitachi Rail unveils first long-distance hybrid battery train for Trenitalia – Train to cut carbon emissions by 83% – Part of wider €1.23 billion ‘Blues’ framework agreement with Trenitalia and Hitachi Rail Hitachi Rail has introduced its first long-distance hybrid battery train, set to reduce carbon emissions by 83% when it starts operating later…
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TotalEnergies introduces new battery storage initiative in Belgium
– TotalEnergies announced the development of a second battery storage project in Belgium, to be located in Feluy, with a capacity of 25 MW and 75 MWh. – The project will use 40 Intensium Max High Energy lithium-ion containers supplied by Saft and is expected to be operational by the end of 2025. – TotalEnergies’…
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Minnesota to provide rebates for qualifying E-bikes, covering up to 75% of the cost
1. Minnesota residents can apply for e-bike rebates worth up to 75% of the cost of an e-bike and accessories. 2. Eligibility criteria include being a Minnesota resident, at least 15 years old, and not claimed as a dependent in the previous tax year. 3. Applications open on June 5th, 2024, and rebate certificates will…
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Smart Mining: The Impact of the Internet of Things on the Mining Sector
– Mining industry facing pressure to improve efficiency due to declining ore grades, dispersed reserves, and rising costs – Innovative technologies like AI, cloud computing, and IoT can enhance on-site efficiency, productivity, and safety – Adoption of IoT in mining industry is growing, with a focus on connectivity, predictive maintenance, and sustainability efforts to reduce…