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.
Author: Anela Dokso
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.
According to recent data from the H2Med consortium, Spain’s hydrogen exports are projected to exceed the current transportation capacity through the H2Med network by 2032.
In a strategic move aimed at reducing carbon emissions within the mining industry, Cummins has acquired key assets from First Mode.
Honeywell has joined forces with AM Green as they ink a Memorandum of Understanding (MoU) to explore the feasibility of producing sustainable aviation fuel (SAF), green methanol, and green hydrogen.
