Energy Update
Drax Group is seeking planning permission to build a new 600-MW underground pumped hydro storage power station at its 440-MW Cruachan facility in Scotland, which would more than double the site’s electricity generating capacity.
This week Connecticut Governor Lamont signed a new law that will require the state to install 1 GW of energy storage by 2030 with milestone requirements every three years: 300 MW by 2024, 600 MW by 2027 and 1 GW by 2030.
Oracle is giving itself 4 years to be 100% powered by renewable energy while Amazon claims to be world’s largest buyer of renewable energy
This week two large American companies made big claims about their use of renewable energy. Oracle pledged to power its global operations, both its facilities and its cloud, with 100% renewable energy by 2025. Amazon announced several new projects that make it the top corporate buyer of renewable energy in the United States, it said.
Power Engineering
Crews have started work installing the first energy storage battery units at Florida Power & Light’s massive Manatee Energy Storage Center.
This week, BloombergNEF’s released estimates for its global benchmark that tracks the levelized cost of electricity, or LCOE, for utility-scale PV and onshore wind. The LCOE looks at the all-in cost to build, operate, and maintain power plants and then calculates the cost per megawatt-hour (MWh) of the energy produced based on all of those inputs.
By Bill Ireland, Logan Energy
This year’s COP26 summit is widely viewed as one of the last chances to fulfil the 2015 Paris climate agreement and ensure meaningful progress is made towards tackling our net zero targets and the climate emergency.
MISO interconnection customers have the option of designating “hybrid” as fuel type when they submit an interconnection request before July 22, 2021, for the 2021 Definitive Planning Phase (DPP) cycle. In addition, there are nearly 5,000 MW of hybrid resources, mostly solar plus storage, waiting to be studied by MISO from the 2019 and 2020 cycles.
Virgin Money has completed a deal supporting Scottish Hydro Investment Limited (SHIL) in the acquisition of two operational small hydro schemes from Guinness Asset Management.
Energy Toolbase today announced that it has commissioned two energy storage systems (ESS) with Today’s Power (TPI), a renewable energy company based in Little Rock, Arkansas that develops, owns, and operates renewable assets. TPI is a wholly owned subsidiary of Arkansas Electric Cooperatives, Inc. (AECI), a Little Rock-based utility service cooperative owned by 17 Arkansas electric distribution cooperatives.
Albania launched its first tender for utility-scale onshore wind power plants today. Projects with a capacity of 10 MW to 75 MW can apply.
Several projects will be chosen, according to the European Bank for Reconstruction and Development (EBRD). Total tendered capacity equals 100 MW, and this may be increased to 150 MW in the coming months, in line with the country’s renewable energy targets.
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