Author: PPD Team Date: 20/02/2025

BYD Energy Storage and Saudi Electricity Company have signed contracts for 12.5 GWh of grid-scale energy storage projects. Combined with a previously delivered 2.6 GWh project, the total collaboration between the two companies now stands at 15.1 GWh. The battery energy storage system (BESS) equipment will be deployed across five sites in Saudi Arabia.

BYD Energy Storage will supply its MC Cube-T ESS, which utilizes cell-to-system (CTS) super-integrated technology. These installations will support Saudi Arabia’s power transmission network by addressing challenges from increasing renewable energy integration, ensuring grid stability, and meeting peak energy demands.

In October 2024, Hithium Energy Storage Technology Co. and MANAT formed a joint venture to leverage Hithium’s expertise in energy storage and MANAT’s local market knowledge. The partnership aims to establish BESS manufacturing facilities in Saudi Arabia, targeting an annual production capacity of 5 GWh.

Similar Posts

|

UK announces £410m fusion energy investment for Nottinghamshire project

By

Author: PPD Team Date: 17/01/2025 The UK government has unveiled a £410 million ($501.1 million) investment to advance fusion energy development. The funding will support the construction of a fusion power plant at the site of a former coal facility in Nottinghamshire, as part of the government’s Plan for Change initiative to drive economic growth and position the UK as a leader in fusion energy. The investment will accelerate progress in the fusion energy sector…

|

Constellation to acquire Calpine for $16.4bn

By

Author: PPD Team Date: 14/01/2025 Constellation has announced its acquisition of Calpine in a cash and stock transaction valued at $16.4bn, including 50 million Constellation shares, $4.5bn in cash, and the assumption of $12.7bn in net debt.  The deal brings the total net purchase price to $26.6bn after factoring in expected cash generated by Calpine and tax attributes. The transaction, expected to close by January 2026, is subject to regulatory approvals and customary conditions. Constellation…

|

ELUPRO partners with Oman and Thailand firms for green ammonia production

By

Author: PPD Team Date: 06/01/2025 ELUPRO has signed agreements with Oman’s Muscat House and Thailand’s MA Corporation to collaborate on producing, supplying, and selling green ammonia.  The agreement includes plans to construct a green ammonia facility in Oman’s Duhok Economic Free Zone by 2025 through ELUFO Oman, a subsidiary of ELUPRO. The facility aims to supply green ammonia to Thailand by 2027. Initially, the project will use a 2 GW power facility to produce 1…

|

PGCIL signs green loan agreement with SMBC for RE integration

By

Author: PPD Team Date: 02/01/2025 Power Grid Corporation of India Limited (PGCIL) has signed a green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC) at GIFT City, Gandhinagar, Gujarat.  The agreement, denominated in JPY for the US dollar equivalent of $200 million with a greenshoe option of $150 million, will support critical infrastructure development for renewable energy (RE) evacuation and integration into the National Grid. The agreement was signed by Sh. Ashwani K. Gupta, ED…

|

Jakson Green, Blueleaf Energy to develop solar projects in Rajasthan

By

Author: PPD Team Date: 03/02/2025 Jakson Green Private Limited (JGPL), a wholly owned subsidiary of Jakson Power Private Limited, has partnered with Blueleaf Energy Renewables Private Limited for the joint implementation of 700 MW/1,000 MWp solar power projects in Rajasthan.  The projects will require an estimated investment of Rs 34 billion (USD 400 million). JGPL secured: 400 MW under NHPC’s 3,000 MW ISTS-connected solar auction in November 2023 at Rs 2.53 per kWh. NHPC invited…

|

Viaro Energy and Terrestrial Energy partner to develop IMSR nuclear project in the UK

By

Author: PPD Team Date: 24/10/2024 British energy company Viaro Energy and US-based Terrestrial Energy have signed a memorandum of understanding to develop the Integral Molten Salt Reactor (IMSR) nuclear project in the UK. The partnership aims to deliver reliable, emission-free, and cost-competitive nuclear energy using advanced reactor technology. Terrestrial Energy CEO Simon Irish emphasized that both companies share a vision for expanding nuclear energy to achieve energy security and net zero goals. They aim to…

Leave a Reply

Your email address will not be published. Required fields are marked *