Energy Update
New Jersey officials broke ground last week on the nation's first purpose-built port for the offshore wind industry.
Great River Energy, a distribution and transmission cooperative, has partnered with a Massachusetts startup on a long-duration energy storage pilot project that it hopes will help buffer its grid from extreme cold and heat impacts.
(Mon, 13 Sep 2021) Azerbaijan is a net energy exporter; crude oil and natural gas production and exports are central to Azerbaijanâs economy and government revenues. Natural gas accounts for over twoâthirds of Azerbaijanâs total domestic energy consumption. Oil supplies less than oneâthird of total energy consumption.
Energy Vault's merger with Novus Capital Corporation II values the grid-scale energy storage provider at $1.1 billion, the company announced Thursday.
The combined company is expected to trade on the New York Stock Exchange under the symbol "GWHR." Robert Piconi will lead the combined venture as chairman and CEO.
As the Federal Energy Regulatory Commission (FERC) begins to study transmission reform, a new report out today from ICF Resources and the American Council on Renewable Energy (ACORE) highlights the problem with transmission cost allocation today.
A unit of East Coast renewable power generator Algonquin Power & Utilities Corp. is working on a new wind power project in Illinois.
The 108-MW Shady Oaks II wind project is a collaboration of Liberty, a part of Algonquin, and JPMorgan Chase. Construction began this spring on the wind farm to feature 22 wind turbines in Lee County, Ill.
Wind turbine manufacturer Goldwind has connected its 5-megawatt onshore test unit to the grid, as the company prepares to begin deliveries next year.
Contributed by Erik Lensch, CEO of Leyline Renewable Capital
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