Deep-tech startup Thorizon has secured €20 million in funding to accelerate the development of its advanced molten salt reactor, Thorizon One.
Author: Anela Dokso
Palisades Nuclear Plant has signed an agreement to construct an innovative small modular reactor (SMR), marking a significant departure from traditional nuclear facilities. This development positions Michigan at the forefront of the nuclear renaissance, with the potential to significantly alter the state’s energy matrix. Despite the hype surrounding SMRs, experts remain cautious, scrutinizing their effectiveness compared to established nuclear technologies. While traditional reactors have a tested history of power output and operational stability, SMRs promise compact design, scalable deployment, and enhanced safety features. However, questions about the true cost-effectiveness of these reactors persist. According to a recent United States Department…
The landscape of green hydrogen in Spain appears to be decidedly cooling after a period of significant anticipation and investment. The notion of a burgeoning sector now confronted by a palpable burst, challenges prior assumptions of sustained rapid growth. Industry insiders previously aligned with optimistic forecasts are starting to reassess the viability of green hydrogen in its current form. Noteworthy statistics highlight the shift: despite substantial public and private investments, only a small fraction of projected production capacities have materialized. According to the latest industry reports, while over 500 megawatts of projects were announced, only a tenth of these have…
In the world of green hydrogen, where disillusionment has clouded growth prospects, a recent agreement between TotalEnergies and RWE has signaled a promising shift. This deal, underpinned by robust policy incentives, including a €619 million contribution from the German government and the European Union’s regulatory demands, showcases the complex dynamics fueling this sector. The timing, aligned with the EU’s quota for renewable hydrogen use starting from 2030, reveals the intricate weaving of policy frameworks that bolster such initiatives. The Fabric of Policy Incentives At the core of this development lies a multifaceted policy environment. The Important Projects of Common European…
Investor enthusiasm for greenfield energy infrastructure investments is witnessing remarkable momentum, as evidenced by Copenhagen Infrastructure Partners (CIP) successfully surpassing its EUR 12 billion target for its fifth flagship fund, CI V. This accomplishment underscores CIP’s robust industrial approach towards energy infrastructure finance, aligning with the growing global demand for renewable energy solutions. As of March 14, 2025, the fund has achieved total commitments exceeding its anticipated goal, excluding contributions for co-investments. This feat highlights the critical role of CIP in facilitating the energy transition, specifically through diverse technologies such as wind, solar photovoltaics, and battery storage across stable OECD…
Amidst the UK’s renewable energy transition, National Grid has etched a critical milestone by awarding high-voltage direct current (HVDC) supply chain framework contracts. This move responds to the increasing demand for seamless integration of renewable energy sources into the national grid, reflecting a significant leap forward in infrastructure modernization. The push for HVDC technology is driven by the wider UK energy agenda, where older infrastructures are pushed to their limits with the influx of clean energy from offshore wind and solar farms. According to the National Grid’s Future Energy Scenarios, electricity demand might rise to 30% by 2050, a forecast…
Despite its allure, green hydrogen accounts for only a small fraction of the global supply, constrained by high production costs and inadequate infrastructure. Grey hydrogen dominates, responsible for around 95% of global production, but it comes with significant carbon emissions. Blue hydrogen offers a halfway solution by incorporating carbon capture technologies, yet it fails to fully address environmental concerns. In this context, green hydrogen, generated through electrolysis fueled by renewable sources, remains the most sustainable alternative. Recent analysis of hydrogen energy trends highlights an intriguing relationship between hydrogen production and urban electricity use. Utilizing panel vector autoregressive (PVAR) and coupling…
As the solar power landscape rapidly evolves, data from various studies suggests a notable shift toward exploring diverse storage solutions for photovoltaic (PV) systems, particularly in off-grid settings. With photovoltaic technology becoming more accessible and financially viable, storage remains a critical determinant of effectiveness, directly impacting the reliability of energy supply. In this context, the ongoing debate centers around two key players: battery storage systems and hydrogen-based storage mechanisms. Recent evaluations, such as a study conducted on a PV setup in Tehran, reveal a fascinating interplay of energy efficiency, economic viability, and environmental impact when comparing batteries and hydrogen. The…
The investigation into microgrid frequency regulation has taken an innovative turn with the integration of Vehicle-to-Grid (V2G) technology, particularly focusing on the role of battery and fuel cell electric vehicles. Current statistics indicate that the global market for microgrids is projected to grow at a compound annual growth rate (CAGR) of 10.6% from 2021 to 2026, reflecting a heightened global emphasis on energy resilience and sustainability. This creates a crucial junction for integrating technological solutions like V2G within microgrids. At the core of this exploration lies the problem of grid stability when integrating renewable energy sources. While renewables present clear…
Changwon’s ambitious $950 million investment in a liquid hydrogen plant now faces operational challenges. The plant, expected to deepen South Korea’s leadership in hydrogen technology, stands underutilized, raising questions about strategic foresight and market readiness. Launched as part of the country’s broader agenda to transition to cleaner energy sources, this plant was anticipated to significantly boost the hydrogen economy. However, the key issue remains its underperformance and delay in reaching full operational capacity. According to industry insiders, one of the contributing factors to this sluggish start is the lack of an integrated supply chain that can support the plant’s full…
