|

Oklo partners with Siemens Energy to enhance nuclear power technology with advanced fission

By

Oklo, a California-based clean power technology company specializing in nuclear fuel recycling, has entered into a preferred supplier agreement with Germany’s Siemens Energy. This partnership is aimed at supplying power conversion systems for Oklo’s Aurora powerhouse, aligning with Oklo’s objective to efficiently market advanced fission technology. This agreement, building on a previous memorandum of understanding, marks a significant milestone for Oklo, enhancing its ability to scale production, improve cost efficiency, and expedite deployment in response…

|

UK Crown Estate launches second phase of Celtic Sea floating wind farm leasing round

By

The UK’s Crown Estate has initiated the second phase of its offshore wind leasing round 5, focusing on the development of floating wind farms in the Celtic Sea. This phase, which began on 8 August 2024, invites bidders to submit detailed plans for the construction of wind farms and their potential socio-economic contributions to coastal communities in South Wales and southwest England. The advancement to this phase was made possible by comprehensive environmental assessments conducted…

|

SUSI Partners to fund 860 MW battery energy storage portfolio in Chile

By

Swiss investment firm SUSI Partners has announced its agreement to fund the development of a significant battery energy storage portfolio in central-southern Chile through its SUSI Energy Transition Fund (SETF). The investment will support 22 battery energy storage projects, targeting a total capacity of 860 MW and up to 3.5 GWh. This initiative marks an expansion of SUSI’s collaboration with local developer BIWO Renovables, further strengthening their ongoing partnership in Chile’s renewable energy sector. The…

|

SEG Solar inaugurates 585W Yukon series module at new Houston facility

By

SEG Solar, a US-based PV manufacturer, has inaugurated its 585W Yukon series module at a new manufacturing facility in Houston, Texas, marking a significant milestone as one of the first manufacturers to produce solar modules in the United States. The fully operational facility, which spans 250,000 square feet, is equipped with state-of-the-art production lines designed to handle 182mm and 210mm N-type cells. The facility has an annual production capacity of 2 GW and features fully…

|

BOEM completes environmental assessment for offshore wind development off Oregon coast 

By

The US Bureau of Ocean Energy Management (BOEM) has finalized its environmental assessment (EA) for potential offshore wind energy development off the Oregon coast. The assessment concluded that issuing leases would not significantly impact people or the environment. This marks a significant step under the Biden-Harris administration, which has already approved nine commercial-scale offshore wind projects and conducted four lease auctions, including the first sales off the Pacific and Gulf of Mexico coasts. The Department…

|

Poland launches €5bn loan programme to boost offshore wind capacity

By

The Polish Government has announced a nearly €5 billion ($5.46 billion) loan programme to support offshore wind projects, funded by the EU’s recovery funds. State-owned bank BKG will provide the loans, which are available for projects with a minimum installed capacity of 300MW. Developers can apply for loans until 31 August 2026, with a maximum repayment period extending to 2053. The programme aims to add 5.9GW of offshore wind capacity in Poland by 2030, a…

|

8 Rivers, Siemens to develop 270 MW zero-emissions CO₂ turbine

By

8 Rivers, Siemens to develop 270 MW zero-emissions CO₂ turbine 8 Rivers Capital, a leader in decarbonisation technology, is collaborating with Siemens Energy to develop a zero-emissions turbine capable of generating 270MW of electricity using captured carbon dioxide (CO₂). This project, which began in late 2023, focuses on the development of direct-fired supercritical CO₂ turbines for various applications and fuel types. Siemens Energy has selected a commercially available generator to work in conjunction with the…

|

Ofgem fast-tracks £3.4bn Anglo-Scottish electricity “superhighway”  

By

The UK’s energy regulator, Ofgem, has approved the fast-tracking of the Anglo-Scottish electricity “superhighway” project, EGL2, under its Accelerated Strategic Transmission Investment (ASTI) framework. This initiative is designed to expedite 26 major grid connection projects, aiming to boost grid capacity and save an estimated £1.5 billion ($1.92 billion). EGL2 is the first of these projects to secure funding under the ASTI framework. The project will establish a 2GW high-voltage electricity cable link between Peterhead in…

|

WSP to acquire Power Engineers in $1.78 billion deal 

By

Global professional services firm WSP has announced its acquisition of Power Engineers, a prominent US-based consultancy in the power and energy sector, for $1.78 billion. This strategic move aligns with WSP’s vision to expand its services and enhance its position in the energy transition market. Power Engineers, which employs 4,000 people, including 900 shareholders, has been a key player in serving North American power utilities. The acquisition has been unanimously approved by the boards of…

|

Sweden’s nuclear energy plans to cost $38 billion

By

Sweden’s ambitious nuclear energy expansion, aiming to add 2.5GW of new capacity by 2035 and build ten new reactors by 2045, is projected to cost around Skr400 billion ($38 billion), according to a government-appointed commission. Despite the government’s goals, private sector investment has been lacking due to concerns over the return on large, fixed capital investments. The commission recommended that the Swedish government offer loans covering 75% of the construction costs for new power plants,…