Category: Energy
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RTE awards €4.5bn contract to Chantiers de l’Atlantique and Hitachi
1. RTE awards €4.5bn contract to Chantiers de l’Atlantique and Hitachi Energy for offshore and onshore infrastructure in Normandy and Oléron, France. 2. Contract includes manufacturing three offshore DC electrical platforms and three onshore conversion stations for wind farms. 3. Chantiers de l’Atlantique brings experience in constructing offshore platforms, while Hitachi Energy specializes in HVDC…
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The Significance of Solar Power in the 2024 Paris Olympics
1. Paris aiming for carbon neutrality and 100% renewable energy for 2024 Olympics 2. French laws require 50% bio-based materials in new public buildings for Olympics 3. EDF is main energy supplier, ensuring both games and COJO are powered by renewable energy. In preparation for the 2024 Summer Olympics, Paris is making strides towards sustainability…
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Improving Communication between BESS Asset Managers and O&M Teams
– Data silos hinder optimal performance in energy storage operations by isolating asset management data and operations & maintenance data – Miscommunication between asset managers and O&M teams can lead to missed opportunities, inefficiencies, and revenue loss in energy storage projects – Breaking down data silos and fostering collaboration through real-time optimization and shared platforms…
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Study finds V2G technology to outperform stationary storage as a virtual power plant asset
1. Virtual Power Plant (VPP) integrated capacity of Vehicle to Grid (V2G) set to surpass energy storage assets by 2040, according to Rethink Energy report. 2. VPP technology seen as crucial for future power grids due to its ability to control and manage a variety of assets without the need for physical infrastructure. 3. Growth…
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Eavor Erdwärme Geretsried secures financing for geothermal project with new loan agreement
1. Chubu Electric Power Co., Inc. is working with Eavor Technologies Inc. to develop the Geretsried Geothermal Project in Germany. 2. The project secured around €130 million in project financing from various financial institutions. 3. The project will use Eavor-Loop Technology to extract underground heat for electricity and district heat, with operations expected to begin…
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Electric Vehicle Sales are on the Rise in Norway
– Norway has been a strong supporter of the EV revolution with various incentives for electric car buyers – In April 2024, Norway saw a record month for EV sales, with 10,051 electric cars sold – Despite a decline in plug-in hybrid sales, the market share of purely electric cars in Norway continues to grow,…
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Senate Ban on Russian Uranium Imports Approved
– The US Senate passed a bill banning the import of low-enriched uranium (LEU) from Russia or Russian entities – The bill allows for waivers by the Department of Energy for specific cases where no alternative source is available or if imports are in the national interest – The ban will come into effect 90…
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QuickBOLT’s Butyl-Backed Solar Deck Mount Receives Miami-Dade Approval
– QuickBOLT’s Butyl Bottom Deck Mount has received approval from Miami-Dade County for use in high-velocity hurricane zones – The mount features a T-foot shape with butyl adhesive for weatherproofing, stainless steel screws, and sealing washers – QuickBOLT is dedicated to delivering top-quality products that exceed industry standards and are suitable for challenging climates like…
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Invinity, a firm specializing in Vanadium redox flow batteries, secures US$70 million in funding.
1. Invinity plans to raise £56.6 million through a placing and open offer to invest in UK projects, expand manufacturing facilities, and upgrade supply chain. 2. The company aims to take minority ownership stakes in UK LDES projects to accelerate deployment, close the commerciality gap, and maximize long-term value in the energy market. 3. Invinity’s…
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Europe must strike a balance between utopian ideals and practical realities when it comes to grids
1. The future-proofing of electrical grids relies on collaboration and integration. 2. Grid development faces challenges with permitting red tape. 3. Public acceptance, communication, and political leadership are crucial for energy transition and system reliability. The World Energy Congress held in Rotterdam focused on future-proofing electrical grids through collaboration and integration. Key players in the…