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EU grants €36 million to thyssenkrupp nucera for green hydrogen project

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The European Union has allocated up to €36 million to thyssenkrupp nucera’s advanced Solid Oxide Electrolyzer Cell (SOEC) project, supporting the construction of a 300 MW green hydrogen production plant.  Utilizing SOEC technology licensed by Fraunhofer IKTS, the project leverages high-temperature electrolysis to produce green hydrogen and synthesis gas with enhanced efficiency and cost advantages for various industrial applications. This funding aligns with the EU’s climate objectives to promote energy efficiency, renewable energy, and technological…

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QatarEnergy and TotalEnergies partner for solar project in Iraq

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QatarEnergy has partnered with TotalEnergies to develop a 1.25 GW (peak) solar photovoltaic (PV) project in Iraq’s Basra region.  Awaiting regulatory approvals, QatarEnergy and TotalEnergies will each hold a 50% stake in the solar facility, which ranks among the world’s largest solar projects.  Equipped with two million bifacial solar panels and single-axis trackers, the project is set to provide clean energy to Iraq’s local electricity grid, powering approximately 350,000 homes upon completion between 2025 and…

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GE Vernova wins contract for 600 MW hydrogen-capable power plant in Singapore

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GE Vernova has secured a contract to supply its 9HA.01 gas turbine for a new 600 MW hydrogen-capable power plant at the Pulau Seraya power station on Jurong Island, Singapore.  The project, led by YTL PowerSeraya Group, is set to begin operations by 2027. Initially running on natural gas, the plant will be able to blend up to 50% hydrogen, with a future goal of transitioning to 100% hydrogen fuel to support global decarbonization goals….

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Grenergy and CATL to supply battery for Chile’s Oasis de Atacama solar project

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Grenergy has formed a strategic partnership with Contemporary Amperex Technology Co (CATL) to supply batteries for the fourth phase of the Oasis de Atacama solar and storage project in Chile. CATL will provide 1.25 GWh of its EnerX model battery containers, comprising over 7,100 modules, known for high energy density and robust safety features suited to the project’s high-altitude location at 4,000 meters above sea level. The Oasis de Atacama project, located in northern Chile,…

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UK and Scottish governments plan clean energy consent reforms

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The UK and Scottish governments have announced a collaborative proposal to reform the consent process for clean energy projects in Scotland. The Department of Energy Security and Net Zero has outlined plans to modernize outdated legislation, aiming to reduce the approval time for large electricity infrastructure projects, which currently can extend up to four years. This initiative seeks to bring Scotland’s approval timeline in line with recent legislative changes in England and Wales, which have…

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Good Energy to acquire solar installer Empower Energy

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Renewable energy provider Good Energy Group has signed a conditional binding agreement to acquire Empower Energy, a commercial solar installation company, for an initial consideration of £7 million ($7.56 million).  The acquisition, structured on a debt-free, cash-free basis, includes £6.25 million in cash and the allotment of 254,237 new ordinary shares in Good Energy at 295 pence per share, subject to a 12-month lock-up followed by a 12-month orderly marketing period. An additional deferred consideration…

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Mitsubishi Electric invests $86 million in US switchgear production

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Mitsubishi Electric Power Products (MEPP) and Mitsubishi Electric Corporation have announced an $86 million investment in the US to expand switchgear production and power electronics capabilities.   MEPP plans to construct a 160,000-square-foot advanced switchgear facility in Western Pennsylvania, its first new manufacturing site in over a decade. The facility will initially produce vacuum and gas circuit breakers, with a focus on vacuum circuit breakers as production scales. Once fully operational, the facility will create 200…

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Masdar, EMSTEEL complete MENA’s first green hydrogen steel pilot project

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Masdar and UAE steelmaker EMSTEEL have announced the successful completion of a pilot project using green hydrogen to produce low-carbon steel at EMSTEEL’s Abu Dhabi facility. The project employs green hydrogen to reduce iron ore in the steelmaking process, a method that can lower carbon dioxide (CO₂) emissions by up to 95%. Now fully operational, the renewable hydrogen produced has been certified by Advance Labs per ISO 19870 standards for hydrogen, established during COP28. Additionally,…

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Adani Power reports 50% drop in Q2 FY25 net profit despite revenue increase

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Adani Power Ltd reported a nearly 50% year-on-year drop in net profit for Q2 FY25, with earnings at Rs 33.17 billion, down from Rs 66.16 billion in the same quarter last year.  However, revenue from operations rose by 2.68% to Rs 133.39 billion, up from Rs 129.91 billion in Q2 FY24. EBITDA increased by 24.6% to Rs 54.02 billion, driven by higher sales volumes and reduced fuel and operating costs. The company noted that power…

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NTPC Green receives SEBI approval for Rs 100 billion IPO

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NTPC Green Energy, a subsidiary of NTPC Ltd, has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with its Rs 100 billion initial public offering (IPO).  As India’s largest public sector renewable energy enterprise (excluding hydro) by capacity and power generation in FY 2024, NTPC Green Energy initially filed its IPO documents with SEBI on September 18, 2024. As of June 30, 2024, NTPC Green Energy managed 37 solar…