Category: Energy
-
Procter & Gamble chosen to receive energy from Swedish wind farm
1. RPC selected Procter & Gamble as the offtake partner for the Sörlidberget wind park in Sweden. 2. The 140MW wind park is part of a cluster of four wind farms with a total output of 553MW. 3. RPC has been expanding its renewable energy footprint in Europe, including plans to develop a 4GW battery…
-
Maryland Soccer Complex Embraces Solar Energy
1. Gordian Energy Systems completed a 595-kW solar system at the Maryland SoccerPlex in Boyds, Maryland. 2. New Energy Equity was the development firm on the project. 3. The Maryland SoccerPlex is a popular venue for youth and amateur soccer as well as other sports, hosting two professional teams. Gordian Energy Systems recently finished a…
-
Shipments of energy storage systems from Sungrow and Eve Energy are increasing dramatically
1. Eve Energy reported 7.7GWh of BESS shipments in 2022, indicating 36% year-on-year growth. 2. Eve Energy shipped 26.29GWh of battery cells for energy storage and BESS products in 2023. 3. In Q1 2024, Eve Energy’s energy storage shipments grew 113% to 7.02GWh, with plans to reach 50GWh for the full year. In 2022, Eve…
-
Exploring the Future: National Grid Partners’ $450m Project Portfolio
– National Grid Partners (NGP) announced $17 million in new project investments for climate tech and net zero innovation – NGP’s project portfolio includes companies like Captura, Luminance, and Transcend that develop technologies for carbon capture, legal AI systems, and generative design platforms – NGP has also invested in companies like AutoGrid, Copper Labs, and…
-
Canopus secures €3 million in follow-on investment for geothermal drilling technology
– Canopus Drilling Solutions Geothermal BV secured a €3 million follow-on investment led by new investor Underground Ventures and existing investors SHIFT and ENERGIIQ at the Global Geothermal Impact Summit in The Hague. – The investment is for Canopus’s directional steel shot drilling technology, which combines conventional diamond cutter technology with erosion by steel particles…
-
Lighter Floating Platforms Help Save Offshore Wind Industry
1. Ocergy, a US-based firm, has welcomed a new investor to accelerate its plans for a new lightweight floating wind platform. 2. Ocergy’s floating platform design focuses on low Levelized Cost Of Electricity, high turbine efficiency, and an efficient manufacturing process. 3. Moreld Ocean Wind and Octopus Energy have also invested in Ocergy to help…
-
Japan’s reactor approved by IAEA for operation up to 60 years
– Reactors in Japan were left idle after the Fukushima disaster in 2011 – Japanese regulators introduced regulations in 2013 allowing for 20-year extensions to reactor operating periods – Kansai Electric Power Company received a license extension in 2016 for its Mihama unit 3, which became the first reactor to operate beyond 40 years. The…
-
Boviet Solar Announces Plans to Build 2-GW Solar Panel Factory in North Carolina
– Boviet Solar plans to start a solar panel manufacturing facility in Greenville, North Carolina – The facility will be located in Indigreen Corporate Park and will support 900 jobs – Ningbo Boway Alloy Materials Co. announced plans to build a 3-GW TOPCon cell plant in Vietnam in addition to supporting Boviet Solar’s expansion in…
-
ERCOT Market Saturation is Already Underway
1. Operators have experienced strong revenues from ancillary services such as Reg-Up, Reg-Down, RRS, and ECRS in ERCOT, with average revenues of US$196,000 per MW last year totaling around US$500 million. 2. Modo Energy predicts market saturation in ancillary services in ERCOT by May 2023 as BESS buildout exceeds market size, resulting in lower prices…
-
Final Rule Issued by US Department of Energy to Accelerate Transmission Expansion Permitting
– DOE announces final rule establishing CITAP Program to streamline transmission project permitting – Up to $331 million committed for new transmission line from Idaho to Nevada to add over 2,000MW of grid capacity – Southwest Intertie Project (SWIP-North) selected as additional conditional project under the Transmission Facilitation Program, creating over 300 construction jobs and…