Energy Update
Barring significant changes in policies or trends, U.S. Energy Information Administration modeling forecasts increasing global energy consumption and carbon dioxide emissions through 2050.
UK microgrids developer SNRG has partnered with Australian decentralized energy systems management firm Gridcognition to electrify residential households in the UK.
Centrica-backed SNRG will leverage Gridcognition’s technologies to design microgrid projects and assess the value of decentralized systems including solar, battery storage, energy flexibility, and electric vehicles on resilient energy systems and the energy transition.
GE Renewable Energy's prototype Haliade-X offshore wind turbine
GE Renewable Energy's prototype Haliade-X offshore wind turbine, the most powerful in the world, has reached a production output of 14 megawatts, the company announced Tuesday.
The German government has announced that it will direct €100 million ($115.7 million) in investment to accelerate the deployment of renewable energy across Africa.
The capital will be invested through the African Development Bank’s Sustainable Energy Fund for Africa (SEFA) to unlock private sector participation in funding the region’s transition to low-carbon energy resources.
Bitfarms Ltd., a Bitcoin mining company, announced it has increased its corporate hashrate to over 1.6 Exahash per second (EH/s) through the expansion of operations at its Cowansville, Québec, facility and electricity supplied by hydro power.
While the world waits for cost-effective and scalable long-duration energy storage to support the around-the-clock deployment of power generated by renewable sources, fossil fuels will continue to play a significant role in the energy mix to provide reliability to the grid and industries.
Contributed by Won Shin, Vice President of Products, ONYX Insight
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