Fluence Energy, a subsidiary of Siemens, and Excelsior Energy Capital have partnered to install 2.2 GWh of battery energy storage systems (BESS) in the United States by 2025. The project will utilize Fluence’s Gridstack Pro product line, with battery cells manufactured in Tennessee and modules produced in Utah, benefiting from the Inflation Reduction Act’s (IRA) domestic content bonus.
Gridstack Pro is one of the first BESS projects to qualify as domestic content under the IRA.
E.ON Hydrogen has selected ANDRITZ to conduct an engineering study for a 20 MW green hydrogen electrolyzer plant in Essen, Germany. This marks ANDRITZ’s second green hydrogen project in Germany within a year. The plant is expected to produce 2,300 tonnes of green hydrogen annually, which will be used by local transportation companies and industries in the Essen Harbour area. The contract includes feasibility and safety studies for hydrogen production, compression, storage, and trailer loading…
Dutch state-owned transmission system operator TenneT has signed a groundbreaking time-bound connection and transmission agreement with GIGA Storage, marking the first agreement of its kind in the Netherlands. This contract sets a precedent for future energy storage projects, aiming to enhance the efficiency of the limited space on the electricity grid. Under the contract, GIGA Storage will be allowed to draw electricity from the grid or supply it back at least 85% of the time,…
Brookfield, a global real assets firm, has proposed an investment of over Rs 500 billion in Andhra Pradesh over the next three to five years, focusing on renewable energy projects, particularly in wind and solar power. Evren, a clean energy platform promoted by Brookfield and Axis Energy, committed to the investment during the meeting. The company plans to install 1,380 MW of solar power and 1,640 MW of wind power by 2026, with additional capacities…
The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch development bank FMO, and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have collectively invested €84 million in two photovoltaic solar plants with battery storage systems in Senegal’s Kolda region. These projects, operated by Axian Energy, will have a combined capacity of 60 MW with 72 MWh of battery storage to stabilize the grid and support evening peak demands. The total project cost exceeds €105 million, with…
The world is expected to fall short of the UN’s target to triple renewable energy capacity by 2030, despite many countries surpassing their national targets, according to the International Energy Agency’s (IEA) latest report, Renewables 2024. The report forecasts the deployment of over 5.5 TW of renewable energy by 2030, a threefold increase compared to 2017-2023, equivalent to the combined current power capacity of China, India, the US, and the EU. Around 70 countries, representing…
Tata Power has qualified as one of the four bidders for the Eastern Region Expansion Scheme – XXXIX (ERES-XXXIX), a key interstate transmission system (ISTS) project in Odisha. Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) shortlisted Tata Power, Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL) under the tariff-based competitive bidding (TBCB) mechanism. The selected bidders will have their initial price bids opened, followed by…
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