Canadian Solar will be collaborating with Copenhagen Infrastructure Partners (CIP) to deliver an 240 MW/960 MWh battery storage project in South Australia.
Author: Anela Dokso
CATL, recognized as the world’s largest electric vehicle battery manufacturer, has recently made a strategic move by filing for a listing on the Hong Kong Stock Exchange.
Market data indicates that 33% of the world’s electricity will be generated from renewable sources by 2028, drawing parallels to the transformation electric vehicles (EVs) could signal for global energy grids—a system traditionally reliant on fossil fuels. Currently, electric vehicles make up a mere 3% of the global car fleet, yet they represent a pivotal shift in energy decentralization. The challenge? Electricity consumption patterns continue to fluctuate, exacerbated by surging EV adoption. The European Union, grappling with the geopolitical necessity of reduced fossil fuel dependency, has prioritized electric vehicle integration. However, the rising penetration of EVs poses a two-edged sword.…
BHEL-Hitachi Energy consortium has acquired a Letter of Intent from Adani Energy Solutions for a 6,000 MW High Voltage Direct Current (HVDC) transmission project.
With renewable energy sources like solar and wind increasing grid volatility, energy storage systems are often touted as a solution to supply-demand imbalances. Yet, McKinsey’s analysis suggests that investors underestimate the value of energy storage, often influencing investment decisions negatively. This gap highlights the complexity of evaluating potential revenue streams from energy storage technologies. Conventional valuation models fail to accommodate the dynamic market conditions, missing out on crucial factors like portfolio effects, market evolution, and regulatory frameworks. Energy storage revenue relies on diversified markets: wholesale markets, grid services, and capacity payments. The key to maximizing returns lies in “revenue stacking,”…
Recent data from the International Energy Agency highlights a striking surge in global demand for renewable energy, with solar and wind accounting for nearly 70% of new power generation in 2022.
Researchers have evaluated hybrid renewable energy systems (HRES) for green hydrogen production in Cox’s Bazar, Bangladesh, using a multicriteria decision-making (MCDM) approach.
Uniper and Kyuden International have signed a Memorandum of Understanding (MoU) targeting the burgeoning fields of hydrogen and ammonia trading, renewable energy, as well as carbon capture utilization and storage (CCUS).
Texas A&M University’s recent partnership with RELLIS to construct small modular reactors represents a significant milestone in the energy sector, notably when considering the escalating global energy demands.
Fugro and ENERCON have embarked on a collaboration to enhance the procedural framework for obtaining construction permits for a next-generation nuclear power plant in the United States.
