Energy Vault, the creator of renewable energy storage products announced new investment from Saudi Aramco Energy Ventures (SAEV). Energy Vault will use the funds to accelerate global deployment of its technology, which is designed to enable intermittent renewable energy generation to be stored at GW-hour scale both economically and sustainably, to deliver dispatchable power on demand. The amount of the investment was not disclosed.
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BHE Renewables announced it has completed the acquisition of the 54 MW Independence wind energy project from RPM Access LLC. Located near Ryan, Iowa, the project consists 18 GE 2.8 MW wind turbines and two GE 2.3 MW wind turbines and will be completed in the fourth quarter 2021. The project will serve Central Iowa Power Cooperative under a 20-year power purchase agreement.
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At the Shareholders’ Meeting, the shareholders of Total approved, almost unanimously, the resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity. In tandem with this name change, TotalEnergies is adopting a new visual identity.
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The International Renewable Energy Agency (IRENA) has signed a partnership agreement with Siemens Energy to work on the application of technology to advance the transition to renewable energy across the world. The two entities will work together on developing business cases for green hydrogen and promoting heat generation and industrial processes that can decarbonise hard-to-abate industries such as cement, steel and petrochemicals.
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Reliable electricity supply directly impacts the functioning of society, so no wonder why this sector is an extremely attractive target for a range of cybersecurity adversaries. In the EMEA region alone, the energy industry is one of the top sectors prone to a cyberattack, with rising numbers of daily reported incidents. Not only are attacks increasing, but EY’s recent survey also suggests that detecting many of these attacks is getting harder.
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Marubeni Corporation signed a Memorandum of Understanding with Electricity Generation Company of Bangladesh Limited (EGCB), an electricity and utility company owned by the Bangladesh Development Board. The MoU is regarding the joint development of the 100 MW solar PV power plant project in Chittagong, Feni, southeast of People’s Republic of Bangladesh.
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This report by Goldman School of Public Policy uses the latest renewable energy and battery cost data to demonstrate the technical and economic feasibility of achieving 80 percent clean (carbon-free) electricity in the United States by 2030. Two central cases are simulated using state-of-the-art capacity-expansion and production-cost models: the No New Policy case assumes continuation of current state and federal policies; and the 80% Clean case requires that a national 80 percent clean electricity share is reached by 2030, along with aggressive transportation electrification.
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The International Energy Agency has released a report titled, “Global Energy Review 2021: Assessing the effects of economic recoveries on global energy demand and CO2 emissions in 2021”. REGlobal presents the key findings, the detailed analysis on global economic recovery and the renewable energy sector from the report.
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Eisai Co., Ltd. has pledged to reduce greenhouse gas (GHG) emissions with an aim to achieve carbon neutrality. Its medium-term target is to achieve 100 per cent renewable energy usage by 2030. Its long-term goal is to achieve carbon neutrality by 2040.
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India’s Ministry of New and Renewable Energy (MNRE) has issued amendments to the Central Public Sector Undertaking (CPSU) Scheme Phase-II for setting up 12,000 MW of grid-connected solar power projects with viability gap funding (VGF) support. These projects would be set up by government producers for self-use or use by government entities, either directly or through distribution companies.
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The Solar Energy Corporation of India (SECI) has issued an expression of interest (EoI) for shortlisting of suitable land banks or parcels for developing a 100 MW solar power project in the state of Chhattisgarh, India. To develop the project, SECI requires cumulative of 400 acres, with a minimum of 200 acre of land at one location.
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South Korea has announced that it plans to build a 6 GW offshore wind park on floating foundations. The project will be located off the coast of Ulsan City at a proposed investment of KRW 36 trillion ($32.1 billion). The overall investment will come from both the public and private sectors and is expected to create about 210,000 jobs. The project is set to be completed by 2030.
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The Solar Energy Industries Association (SEIA) in the United States has developed a tool to increase supply chain transparency. The tool is likely to help ensure that all solar components are made ethically throughout the solar value chain. As manufacturers begin using the traceability protocol, it will be regularly reviewed and updated to improve its usability and effectiveness, the association stressed.
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The government of South Korea has announced that it will provide full support to the floating wind farm being planned off the coast of Ulsan. The project is expected have an installed capacity of 6 GW and be completed by 2030. This capacity is expected to power as many as 5.7 million households.
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Enel has begun developing five new renewable energy projects in the United States with a combined capacity of 1.5 GW along with 319 MW of battery storage. These projects include Roseland solar plus storage, Blue Jay solar plus storage, Ranchland wind plus storage, Alta Farms wind project and Rockhaven wind project. These projects will be located in Texas, Illinois, and Oklahoma. In addition to these Enel will also set up 57 MW battery storage systems at the High Lonesome wind farm and Roadrunner solar farm.
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BayWa r.e. has announced that its 106 MW solar farm in Australia has been successfully connected to the grid. The construction of the 630-acre Yatpool solar farm in North Victoria was completed in late 2019. With 350,000 solar PV panels, the site is capable of generating enough renewable electricity to power around 40,000 homes.
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Hydrostor Inc, a Canada-based company plans to develop 1,000 MW/10,000 MWh of long-duration energy storage projects in the state of California, United States. This includes major projects, one located in southern Kern County and the other in central California.
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The article forecasts renewables growth in the Irish power sector. It specifies new and emerging technologies that will become mainstream. It gauges the attractiveness of the market for large developers and the scope of investments in the market.
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Array Technologies, one of the world’s largest manufacturers of ground-mounted tracking systems used in solar energy projects, has been awarded a contract for up to 4 GW of trackers from Primoris Services Corporation, a leading provider of specialty contracting services.
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Apple has announced a carbon elimination initiative, called the Restore Fund. The fund aims to remove at least one million metric tons of carbon dioxide annually from the atmosphere.
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