In a significant move that underscores Europe’s strategic focus on battery production, a €2 billion lithium battery factory project has been initiated in Sines, Portugal.
Author: Anela Dokso
The surge in global adoption of renewable energy sources such as solar, wind, and hydrogen reveals a compelling need for sophisticated energy storage systems.
Korea’s two largest construction firms, Samsung C&T and Hyundai E&C, are intensifying their focus on the hydrogen sector to navigate downturns in the domestic housing market and declining Middle Eastern orders.
Denmark-based GreenGo Energy’s recent partnership with the Mauritanian government heralds a significant leap towards renewable energy in Africa.
The latest development in this sector is the partnership between Fleet Space, an eminent space exploration firm in Australia, and Koloma, a leader in natural hydrogen exploration technology. This alliance promises to accelerate the discovery and utilization of natural hydrogen resources through the integration of cutting-edge technologies. Koloma has pioneered a data-driven approach to hydrogen exploration, utilizing advanced analytics and proprietary datasets to pinpoint viable hydrogen reserves. This methodology is set to undergo a transformative enhancement with the integration of Fleet Space’s ExoSphere platform. The real-time 3D subsurface imaging capabilities of ExoSphere will enable Koloma to map out potential hydrogen-bearing…
Energy prices continue to escalate in the UK, placing additional strain on households as they approach a new financial forecast. The energy regulator Ofgem has announced a forthcoming increase in the price cap, which will become effective April 1, 2025.
The shipping industry’s sustainability challenge remains pressing, with the sector accounting for approximately 3% of global CO2 emissions annually, as reported by the International Maritime Organization. In response to increasing regulatory and societal pressure to reduce its carbon footprint, the shipping industry is exploring alternative energy sources, among which Small Modular Reactors (SMRs) have emerged as a considerable contender. Recently, a South Korean company announced its plans to construct a container ship powered by a small modular reactor, sparking interest across the maritime sector. This move signifies a growing trend towards nuclear propulsion in commercial maritime applications, a technology traditionally…
Norway, already a global leader in electric vehicle adoption with EVs accounting for over 80% of new car sales in 2023, is facing significant grid management challenges. As the country pushes towards complete electrification of transport, the strain on its energy infrastructure intensifies, particularly during peak hours. Volue, a Norwegian tech company specializing in energy, energy markets, and sustainable technology, has entered into a noteworthy collaboration with the Norwegian EV charging association to address the strain through the promotion of grid-smart charging solutions. Grid-smart charging, a critical innovation as the nation scales EV integration, refers to technology-enabled charging that utilizes…
The sale of Pacific Green Technologies’ Limestone Coast North energy storage project in South Australia to Intera Renewables underscores a strategic shift in the country’s renewable energy landscape. The A$460 million (US$293 million) deal positions Pacific Green to strengthen its foothold in the Australian market while marking a significant advancement in large-scale energy storage investments for Intera, primarily backed by Palisade Investment Partners. A critical aspect of the project is its 250MW/500MWh capacity, promising significant enhancement to the region’s energy grid. South Australia’s renewable energy infrastructure stands to gain from this capability, addressing the often-discussed challenges of energy intermittency in…
Latvenergo, Latvia’s leading energy company, plans to install 250 megawatts (MW) of energy storage capacity by 2030. This ambitious target is part of a broader strategy to integrate renewable energy sources more efficiently and ensure grid stability. With renewable energy generation being inherently variable, the pressing need for reliable energy storage solutions becomes evident. As of 2023, global market trends indicate a significant increase in energy storage deployments, with Europe alone witnessing a 70% year-on-year increase in battery storage installations. In Latvia, the challenge remains to balance intermittent renewable energy supply with consistent demand. As reported, Latvia’s renewable energy capacity,…
