Energy Update
The need to ensure renewable energy resources can meet baseload power demand is intensifying the race for giant battery storage systems across Europe.
Siemens Smart Infrastructure and German grid operator Zukunftsenergie Nordostbayern GmbH are the latest companies to join the race to improve battery storage, by planning to develop a 100-MW lithium-ion battery storage facility in the town of Wunsiedel.
Enel Green Power North America has acquired a 3.2GW solar portfolio, including 450MW solar-plus-storage projects, from Dakota Renewable Energy.
The portfolio comprises 24 projects in the development stage, will be located in the Mid-Atlantic, Midwest and Western United States and are planned for commercial operation beginning in 2023.
A new program in Hawaii will use battery energy storage to help firm the grid after a coal plant is retired in September 2022.
Hawaiian Electric said this week that it is now accepting applications for Battery Bonus, a new program that will pay a cash incentive for residential and commercial customers on O‘ahu to add energy storage (a battery) to an existing or new rooftop solar system.
ScottishPower and Shell have joined forces to bid to develop the world’s first large-scale floating offshore windfarms in the north-east of Scotland, they announced last week. The group submitted multiple proposals for new floating offshore windfarms as part of Crown Estate Scotland’s ScotWind Leasing, which closed for submissions on July 16.
Clean Path New York today announced a $270 million fund to provide an opportunity for all New Yorkers to thrive in the new green economy.
The fund will serve both communities near generation facilitates and those located along the 175-mile 1,300 megawatt HVDC transmission link that will deliver clean energy generated Upstate to load centers in New York City.
Generate, a sustainable infrastructure company, yesterday announced it has raised $2 billion in corporate equity from institutional investors to accelerate the deployment of sustainable infrastructure. Existing investors AustralianSuper and QIC led the fundraising round with new investment from Harbert Management Corporation, Aware Super, and CBRE Caledon.
(Tue, 20 Jul 2021) Iran holds some of the worldâs largest oil and natural gas reserves. Crude oil production has fallen since 2017, and natural gas production growth remains limited because of international sanctions and underinvestment. Iranâs crude oil production reached a 30-year low in 2020 as a result of sanctions and the impacts of the global COVID-19 pandemic.
Clearing the current queue backlog is the focus of the Southwest Power Pool (SPP) generator interconnection staff. However, they are missing a key long-term solution to address the root cause of backlog, identifying network upgrade costs for developers.
Our new report finds that installing rooftop solar panels and community solar systems to serve the equivalent of 30 million American homes would create significant economic benefits — including 1.77 million jobs and $69 billion electricity bill savings over the next five years — while addressing the climate crisis and historic inequities.
El Salvador’s first wind farm, the 54-MW Ventus Wind Project, has been commissioned by Guatemalan power developer Tracia Network Corporation.
Located in Metapán, the wind farm comprises 15 Vestas V136-3.6 turbines and was designed to help reduce the nation’s dependence on imported fossil fuels, provide greater stability in the price of energy and diversify the national energy power grid.
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