Energy Storage

Advanced compressed air energy storage project gets funding help from Canadian government

The Canadian federal government is financially supporting the development of a large-scale advanced compressed air energy storage (A-CAES) project capable of providing up to 12 hours of energy storage. A-CAES solutions provider Hydrostor told Energy-Storage.news yesterday that a planned 300-500MW system is being supported with the funds through the government’s natural resources department and Sustainable […]

Research

Copper is the new oil: Demand for the metal expected to soar this decade

The 2020s are expected to be the strongest phase of volume growth in global copper demand in history: report The 2020s are expected to be the strongest phase of volume growth in global copper demand in history, as per Goldman Sachs. Goldman Sachs has argued that the critical role copper will play in achieving the […]

Asia - Pacific

Bitcoin’s green haven is running out of energy

Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in. Iceland, Sweden and Norway […]

Europe & UK

Bitcoin’s green haven is running out of surplus electricity

The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in. Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins […]

Americas

Global wind industry could install almost 1 TW of new capacity by 2030, report says

China’s target of having 1,200 GW of wind and solar by 2030 could result in 408 GW of new wind capacity from 2021 to 2030, almost half of the global total, the report said. LONDON: The global wind industry could install nearly 1 terawatt (TW) of new capacity between now and 2030, with much of […]

MEA

Uzbekistan’s Ministry of Energy signs MOU with Siemens Energy – Cooperation planned across several areas including hydrogen and wind energy

Tashkent, Uzbekistan : – The Ministry of Energy of the Republic of Uzbekistan is pleased to announce that on 16 April 2021, in Tashkent, it signed a Memorandum of Understanding (“MOU”) with Siemens Energy AG, of Germany – and agreed a roadmap for future, joint projects between the two entities. The MOU was signed by […]

PV Manufacturing

Photovoltaic Industry Price Trend: Polysilicon and Wafer Prices Rise Marginally while Cell Cost and Inventory Elevate Amidst Continuous Bargaining

Polysilicon quotations continued to rise this week, with low price resources gradually diminished. With most mainstream polysilicon businesses signing the long-term orders for April earlier this month, there was no mass amount of spots available for transactions this week, and mainstream market quotations had been slightly upward adjusted, followed by a gradually diminishing level of […]

Business & Finance

Genex Power secures funding for Australia’s first pumped hydro project in 40 years

Australia’s renewable energy agency will give A$47 million in grant, while government-owned green bank the Clean Energy Finance Corp will provide a further A$3 million of subordinated debt funding Genex Power said on Thursday it had secured all funding needed for what will be Australia’s first new pumped hydro project on the grid in about […]

Solar Inverters

Ingeteam exceeds 2 GW of solar power supplied to Australia

Ingeteam has passed the 2 GW (2,000 MW) mark for solar power supplied as PV inverters for the Australian market. This figure was achieved thanks to the 753 MW awarded to the company in 2020 in eight photovoltaic projects in which itsInverter Stations have been or are being installed, as well asother Ingeteam products and […]

Renewable Energy

Around 600 jobs to created from converting Moneypoint to clean energy hub

Moneypoint must stop using coal by 2025 under national climate action policy, at which point the plan is to transform the 300 acre site and its deep water port into a clean energy hub marketed as ‘Green Atlantic’. Six hundred jobs are expected to be created during the construction of the country’s first floating offshore […]

Electric Vehicles

Electric Car: Mercedes takes fight to Tesla

“We set the bar very high,” with this car, Daimler Chief Executive Ola Källenius told reporters. “Customers in this segment expect a blend of hi-tech innovation and modern luxury and that’s what we’re trying to achieve with the EQS.” Daimler AG on Thursday unveiled the electric “sibling” of its flagship Mercedes-Benz S-Class luxury sedan, taking […]