Energy Update
Petroleum products firm Chem-Energy will invest more than $1 billion in solar and battery plant facilities in Central Texas.
Portuguese electric utility company EDP has pledged to deploy 1.5GW of green hydrogen capacity by 2030 to help increase the use of the low-carbon energy resource for energy security and decarbonization.
The U.S. and China will lead, claiming over half of the global installations by the end of this decade, according to a new outlook by Bloomberg New Energy Finance (BNEF).
Contributed by Philip T. Krein, University of Illinois at Urbana-Champaign and Zhejiang University, China
German energy titan RWE plans to invest €50 billion in renewable energy technologies by 2030 as part of a new strategy to deploy an additional 25 gigawatts of clean energy generating capacity.
Contributed by Hans Maghon, Head of Energy Storage at Siemens Energy
Understanding the different methods of energy storage allows us to glimpse the shape of our future energy system.
As we head towards a decarbonized energy future, it’s becoming more and more clear that energy storage systems will form not just building blocks, but be part of the very foundation that future will rest on.
Bitfarms Ltd., a Bitcoin self-mining company, has acquired a 24-MW hydro power plant in Washington State, U.S., and entered into a memorandum of understanding with the seller to co-develop additional farms in the area, increasing total mining capacity in Washington to 99 MW.
Neither the name of the hydro plant nor the company from which it was acquired were disclosed.
Financial services firm, JPMorgan Chase and energy company, EDF, have announced a collaboration to help power JPMorgan Chase’s UK offices with 100% renewable electricity.
EDF will provide JPMorgan Chase with approximately 120,000 MWh of renewable electricity each year to power more than 3 million square feet of offices across the UK, which is the equivalent of powering nearly 33,000 households in the UK.
A subsidiary of NextEra Energy has submitted transmission proposals to support the buildout of offshore wind projects in New York and New Jersey.
NextEra Energy Transmission submitted the New York Renewable Connect and New Jersey Seawind Connector proposals with PJM and NYISO regulators, respectively.
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