Category: Energy

– Energy Secretary Jennifer Granholm announced a $1.5 billion conditional loan guarantee to restart the Palisades nuclear power plant in Michigan – Nuclear energy is experiencing a resurgence, with new plants coming online and advanced small reactor designs in development – There is growing support for nuclear energy worldwide, with countries recognizing its value in…

1. Calpine announced the Nova project in January this year with a US$1 billion-plus financing round. 2. The 43-acre project is on the former site of Calpine’s Inland Empire legacy power plant, decommissioned in late 2022. 3. The project can power 680,000 homes for four hours, will be used by utilities Southern California Edison, Peninsula…

1. Horizon Europe-supported TwinEU project to demonstrate digital twins tools in eight pilots across 11 EU countries 2. Focus on creating a pan-European digital twin of the electricity system based on federation of local twins 3. Development of an adaptable federated digital twin ecosystem across three layers for various use cases in the pilots The…

1. CIP to acquire majority share in Elgin Energy and invest £250 million. 2. Elgin has delivered close to 2 GW of ready-to-build solar PV and storage projects. 3. CIP’s fifth flagship fund aims to invest in wind, solar, and energy storage technologies globally. Copenhagen Infrastructure Partners (CIP) has acquired a majority share in Elgin…

1. Hertz filed for bankruptcy during the height of the Covid 19 pandemic in May 2020. 2. Hertz’s new owners planned to make the company EV-centric by ordering 100,000 Teslas and building a charging network. 3. The EV strategy backfired as Tesla prices dropped, leading to high repair costs, crashes, and a decision to unload…

– UEG Clean Energy finalizes agreement to purchase Green Profit, acquiring construction rights for a 250MW solar project in Bulgaria. – The project includes the development of the Simeonovgrad-Polyanovo PV farm, comprising the 70MW Simeonovgrad park and the 180MW Polyanovo park. – UEG plans to bring the solar capacity online by 2025 and is actively…

1. Duke Energy implementing PowerPair incentive program for home solar generation with battery energy storage in North Carolina 2. Program offers up to $9,000 in incentives for customers who install solar and battery systems 3. Customers can also participate in demand response programs and must use Duke Energy Trade Allies for installation. Duke Energy is…

– Support for battery energy storage and electrification of transportation is driving the construction of battery factories in the U.S. – American Battery Factory is partnering with Lead Intelligent Equipment to secure custom automation equipment for its gigafactory in Tucson, Arizona. – Arizona is a popular location for battery manufacturing, with LG Energy Solution and…

1. Hyperstrong has set up offices in California, Frankfurt, Australia, and Singapore to target different regions for their BESS solutions. 2. The company buys battery cells and integrates them into various BESS solutions, including DC and AC blocks, containers, inverters, and an energy management system platform. 3. Hyperstrong’s latest BESS solution is a 5MWh 20-foot…

– DEWA launches customer smart services app on Apple Vision Pro headset – App allows customers to access account, view bill details, pay using Apple Pay, and monitor consumption – DEWA’s customers conducted about 12.5 million digital transactions in 2023, up 25% from 2022 Dubai Electricity and Water Authority (DEWA) has introduced its customer smart…