Category: Energy
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Norway Leads the Way in Electric Truck Technology
– Norway leading in transition to electric passenger cars – Enova funding charging infrastructure for electric trucks in Norway – Testing of electric trucks for snow plowing in Norway, showcasing viability of electric vehicles Norway is leading the transition to electric vehicles, with over 92% of new passenger car sales being battery electric or plug-in…
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Top AI-Powered Energy Companies Dominating the Power Sector
1. Artificial intelligence (AI) is being increasingly utilized in the energy sector for activities such as asset optimization and customer segmentation. 2. Power companies are collecting large amounts of data from IoT devices, and AI is crucial for leveraging this data to enhance performance. 3. Leading AI energy companies in the power sector include Duke…
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Illinois school district commits to being a primary participant in community solar project at school property
– Brimfield CUSD has chosen the Nexamp community solar program to reduce electric expenses and add renewable energy to the Ameren utility grid – The 3-MW Jubilee Solar project will save the district more than $22,000 annually under a 20-year contract, with a 23% allocation to the school and the rest reserved for local residents…
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Palisades Nuclear Plant on Track for Recommissioning by 2025
1. DOE loan office offers $1.52 billion loan guarantee to Holtec Palisades for restoration of Palisades Power Plant 2. Project aims to bring the single-reactor unit back into operation by the end of 2025, creating up to 600 jobs 3. Wolverine Power Cooperative has agreed to purchase up to two-thirds of the power generated by…
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Brief News on Energy Storage Software, Certification, and Underwriting
1. HOMER Front is a software platform that enables project owners, designers, and investors to evaluate the technical and economic performance of battery energy storage systems in various market opportunities. It can be used for battery system sizing, managing augmentation strategies, and modeling revenues. 2. ESS Inc. has received certification for its Energy Center iron…
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Spurring Action in Africa’s Energy Conversation Through Catalysis
1. Enlit Africa conference takes place from 21-23 May 2024 at CTICC in Cape Town, South Africa. 2. The event aims to turn African energy conversations into tangible action and to empower African countries to make their own choices regarding energy and their future. 3. Key topics at the conference include Africa’s energy transition challenges,…
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Lloyds Bank supports Lightsource bp’s new 288 MW solar projects
– Lightsource bp secures US$334 million finance package for two new solar projects in Texas – Projects in Starr County and Brazoria County to deliver 288 MW of energy capacity – Lloyds Bank provides US$67 million in financing for the projects, generating enough electricity for 50,000 homes Lightsource bp has secured a $334 million finance…
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Musk Launches FSD School but Soon Learns Lessons on Free Speech
1. Tesla rolled out the latest version of its Full Self Driving software in North America and Elon Musk made it mandatory to install and activate the software before handing over vehicles. 2. Tesla is offering a one-month free trial of Full Self Driving for new vehicle purchases in the US, aiming to boost customer…
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Premier Energy targeting 50% growth in renewable portfolio
1. Premier Energy plans to expand its renewable energy portfolio in Romania and Moldova by 50% to 1.5GW by 2026. 2. Romania aims to phase out coal by 2032 and transition towards gas, nuclear, and renewable energy sources. 3. Premier Energy has seen significant growth, with revenue increasing from €13m to €900m in 2023, partly…
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Canadian Solar Accused of Patent Infringement by Maxeon in TOPCon Technology
1. Maxeon Solar has initiated a patent infringement lawsuit against Canadian Solar in the Eastern District of Texas related to TOPCon solar technology patents. 2. Maxeon holds over 1,650 granted patents and over 330 pending patent applications for solar technology. 3. Maxeon is alleging infringement on three patents held by SunPower that were assigned to…