Category: Energy
-
Hitachi Energy increases global transformer capacity by investing over $1.5 billion
1. Hitachi Energy is investing over $1.5 billion to expand its global transformer manufacturing capacity. 2. The investments will increase capacity at facilities in Europe, the Americas, and Asia by 2027. 3. Hitachi Energy is building a new transformer factory in Finland and expanding existing facilities in the US, Germany, China, Vietnam, and Australia to…
-
Halfway Point Reached in Installation of Yellow River Wind Farm Turbines
– Yellow River wind farm in County Offaly reached halfway point in turbine installation – 15th Nordex N117/3600 turbine out of 29 installed – Project expected to deliver 101 MW of renewable energy, power 67,000 homes, and offset 66,000 tpy of carbon Yellow River wind farm in County Offaly has reached a major milestone with…
-
Concerns About Elon Musk’s Leadership at Tesla Reach a Turning Point
1. Tesla announced a 10% reduction in its workforce amid declining stock value and investor concerns about Elon Musk’s leadership. 2. Despite the initial worries, Tesla stated a focus on profitable growth during an earnings call, leading to an 11% increase in shares in after-hours trading. 3. Musk’s leadership style has been criticized for being…
-
Bulgaria’s Kozloduy Plant Receives First Westinghouse Nuclear Fuel
1. Westinghouse received a permit to transition Bulgaria’s Kozloduy nuclear power plant to fuel produced by the company, aiming to reduce reliance on Russian supplies. 2. Bulgaria’s Interim Prime Minister and Acting Energy Minister visited the site where Westinghouse is scheduled to build unit 7 and unit 8 of the power plant. 3. Bulgaria signed…
-
New York Car Dealership Utilizes Solar and Energy Storage System for Electric Vehicle Charging Support on the Grid
1. Energy Toolbase, Socomec, and Sprocket Power deployed an energy storage system at a New York car dealership to reduce demand charges and participate in demand response programs. 2. The 100-kW/186-kWh ESS was installed at Vail Buick GMC dealership in Bedford Hills, New York, with a Socomec HES L unit integrated with Acumen EMS controls…
-
University of Texas Unveils New Hydrogen Research Project
– Frontier Energy, GTI Energy, and the Center for Electromechanics at The University of Texas at Austin hosted a hydrogen research and demonstration facility grand opening on April 23. – The project is part of the “Demonstration and Framework for H2@Scale in Texas and Beyond” project, supported by the U.S. Department of Energy’s Hydrogen and…
-
Rothschild hired by Corre Energy for investment process
1. Developing large-scale CAES projects in Europe with Eneco and in Texas 2. Claimed to be the largest developer of energy storage in Europe with 100GWh+ capacity 3. Potential de-listing on the cards due to recent fluctuations in share price and investor interest Corre Energy is developing several large-scale Compressed Air Energy Storage (CAES) projects…
-
Countdown to TID Rollover Event: 7 Months Left
1. TID Rollover Event on November 24, 2024 2. Less than a year until the event, only 7 months left 3. Utilities and Municipalities urged to prepare for the project The TID Rollover event is scheduled for November 24, 2024, with less than a year to go as of April 24, 2024. There are only…
-
Octopus Energy makes strategic investment in Ocergy
– Octopus Energy’s generation arm has invested in Ocergy to make floating offshore wind farms cheaper and faster to build. – Ocergy is disrupting the floating offshore wind market with innovative designs and local manufacturing partnerships. – The investment will help Ocergy commercialize its technology, expand into new markets, and support global efforts to increase…
-
Building a Domestic Supply Chain for Critical Minerals and Materials with $17.5 Million
1. $17.5 million funding from President Biden’s Investing in America Agenda for projects to develop sustainable production processes and create jobs nationwide 2. Four selected projects will focus on advanced processing of rare earth elements and critical minerals for industrial and manufacturing applications 3. Department of Energy’s National Energy Technology Laboratory managing selected projects with…