New platform to originate long-duration, high yielding solar energy investments through greenfield development and acquisitions NEW YORK : KKR, a leading global investment firm, today announced the launch of Stellar Renewable Power (“Stellar”), a new platform that will source, develop and operate utility-scale solar plants and storage facilities on behalf of KKR’s Asset-Based Finance (ABF) […]
STEEL INDUSTRY SET TO PIVOT TO HYDROGEN IN $278 BILLION GREEN PUSH – EQ Mag Pro
Hydrogen and recycling are key technologies to lower the emissions of the world’s most widely used metal New York and Beijing : Steel production could be made with almost no carbon emissions through $278 billion of extra investment by 2050, according to a new report from research firm BloombergNEF (BNEF). Hydrogen and recycling are likely […]
Mining Billionaire Spearheads Global Green Hydrogen Push – EQ Mag Pro
Iron ore billionaire Andrew Forrest and former Australian Prime Minister Malcolm Turnbull will spearhead a new global body to promote greater use of hydrogen produced from renewable sources, targeting a 25% slice of the world energy market by 2050. The Green Hydrogen Organization, to be known as GH2, was unveiled in New York Thursday to […]
Two Thirds of the Worlds Heaviest Emitters have set a Net-Zero Target – EQ Mag Pro
Targets require leading companies to cut equivalent of quarter of today’s global GHG emissions by 2050 New York : Through August, 111 of the Climate Action100+ 167 “focus companies” have set a net-zero or equivalent target, pledging to fully reduce and/or offset their emissions at a level equivalent to what they emit annually, according to […]
New York Utilities Con Edison, Orange & Rockland Issue 210 MW Energy Storage RFP
A battery energy storage project recently completed as a ‘non-wires alternative’ for Orange & Rockland by developer Key Capture Energy in Pomona, New York. New York utility Con Edison has issued a request for proposals (RFP) for scheduling and dispatch rights to at least 200MW of energy storage, while its Greater New York subsidiary Orange […]
Graphite Producer Magnis Energy Gets $15 Million Funding For Expansion
Considered critical minerals, graphite and lithium are used in a wide range of applications, including electric vehicles’ batteries. The lithium-ion battery sector is benefiting from rising prices of the raw material amid robust demand. New Delhi : Australia’s Magnis Energy Technologies Ltd said on Tuesday it secured A$20 million ($14.7 million) from two U.S.-based investors […]
Approval For 100MW / 400MWh Battery Storage Project At Site of New York Fossil Fuel Plant
Regulatory approval has been given for a 100MW / 400MWh battery energy storage system (BESS) facility which will be sited on land formerly occupied by a natural gas and oil-fired power plant which had been described as one of New York’s biggest sources of pollution. The Poletti Power Plant site had made a significant contribution […]
New York Looks to Hydrogen to Drive Decarbonisation
New York Governor Andrew M. Cuomo has announced that New York plans to explore the potential role of green hydrogen as part of the state’s comprehensive decarbonization strategy. To support this effort to study green hydrogen and its possible applications, the state is collaborating with the National Renewable Energy Laboratory (NREL), joining two hydrogen-focused organizations […]
New York State Pledges US$12.5m to Long-Duration Storage And Investigates Green Hydrogen’s Potential
New York has committed to aggressive decarbonisation, renewable energy and energy storage goals. Image: Flickr user Michael de Lusenet. New York Governor Andrew Cuomo has said the state is “exploring every resource available as a potential tool to address climate change,” as funding was announced for long-duration energy storage technologies along with investigation on the […]
Amazon Says Its Carbon Footprint Grew 19% Last Year
The Seattle-based company said that, while its carbon footprint grew, the amount of carbon it emitted for every dollar spent on the site fell 16% in 2020. The logo of Amazon is seen at the company logistics centre. NEW YORK : Amazon said Wednesday that its carbon footprint grew 19% last year as it rushed […]
