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Alpha Omega Power acquires Caballero battery project in California

Alpha Omega Power (AOP) has acquired and secured financing for the 100 MW/400 MWh Caballero battery energy storage project located in Nipomo, California.  Developed in partnership with Fengate Asset Management, the project aims to enhance energy supply in San Luis Obispo County and will serve the California ISO (CAISO) market. The battery storage system will improve grid reliability and supply clean energy to 100,000 homes during peak demand periods. It is AOP’s first utility-scale battery…

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COP29 operationalises international carbon market governance

At COP29 held in Baku, Azerbaijan, a key milestone in climate governance was reached with the operationalisation of international carbon market governance.  This progress is significant as it marks the first time that carbon credit trading systems have been formalized under the Paris Agreement’s Article 6, which allows countries to voluntarily trade emission reductions. The conference established critical mechanisms for authorizing carbon credit transactions, managing registries, and ensuring technical reviews on environmental and human rights…

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Green & Clean Power raises $300 million for solar and storage project in Arkansas

US-based Green & Clean Power (GCP) has secured $300 million in debt and equity financing to develop a solar energy generation and battery storage facility in Osceola, Arkansas.  The funding includes $165 million in construction debt financing from KfW IPEX-Bank, with market advisory from Aurora Energy Research, and an additional $100 million in takeout financing from the Arkansas Teacher Retirement System (ATRS). The 500-acre solar facility is expected to be completed by autumn 2025 and…

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Biden administration surpasses $100 billion in clean energy grants under IRA

The Biden administration has surpassed $100 billion in clean energy grants through the Inflation Reduction Act (IRA), as confirmed by John Podesta, the president’s senior advisor for international climate policy.   Podesta emphasized the swift disbursement of funds, stating, “Crossing the milestone of $100bn awarded shows just how quickly we’re getting these funds out the door and into communities so they can make a real difference for the American people.” The administration is on track to…

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Hinkley Point C installs first new nuclear reactor in over 30 years

Hinkley Point C, located in Somerset, southwest England, has achieved a significant milestone with the installation of Britain’s first new nuclear reactor in more than 30 years.  The installation of the first of two 13-metre-long reactor pressure vessels (RPV) is a key development. Once both reactors are operational, Hinkley Point C will supply 7% of Britain’s electricity. This follows the completion of the steel dome installation in late 2023, which sealed the reactor building. The…

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Eco Wave Power to launch Israel’s first wave energy project

Eco Wave Power Global, a leader in onshore wave energy technology, is set to inaugurate Israel’s first wave energy project in collaboration with EDF Renewables Israel.  The pilot station, located at Warehouse 2 in Jaffa Port, is scheduled for launch on 5 December 2024, marking a significant advancement in wave energy as a sustainable electricity generation source. Israel’s President Isaac Herzog highlighted the importance of transitioning from polluting energy production to renewable energy sources, emphasizing…

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Longroad Energy closes financing for 111MW Sun Pond solar project

US-based renewable energy developer Longroad Energy has reached the financial close for the Sun Pond project, a 111MWdc solar and 85MWac/340MWh storage initiative located in Maricopa County, Arizona.  The project, part of the Longroad Sun Streams complex, has begun construction, with commercial operations expected by mid-2026. The Sun Pond project will generate electricity for the city of San Jose, California, and Ava Community Energy under long-term power purchase agreements. The project is expected to power…

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Centrica and EDF extend operational life of UK nuclear power stations

Centrica, in partnership with EDF, has announced the extension of the operational lives of its four advanced gas-cooled reactor nuclear power stations.  Heysham 1 and Hartlepool will now operate until March 2027, while Heysham 2 and Torness will continue until March 2030.  These extensions will add 9TWh to Centrica’s electricity generation capacity between 2026 and 2030, supporting the UK’s baseload power generation. The decision follows a comprehensive review to ensure that the extended lifetimes do…

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Westinghouse’s eVinci microreactor receives NRC approval for control system

Westinghouse Electric Company has achieved a significant milestone with the approval of the eVinci microreactor’s Advanced Logic System (ALS) Version 2 instrumentation and control (I&C) platform by the US Nuclear Regulatory Commission (NRC). This marks the eVinci microreactor as the first of its kind to receive NRC approval for its I&C system, paving the way for autonomous operation. The ALS v2 platform is a logic-based system that manages safety-critical operations using hardware, reducing reliance on…

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Hitachi Energy invests $47m to expand high-voltage factory in Brno

Hitachi Energy is investing over CZK1.1bn ($47m) to expand its High Voltage Products factory in Brno, Czech Republic.  This expansion, expected to be completed by the end of 2025, aims to increase the factory’s production capacity by over 40% and create up to 200 new jobs. The Brno facility, operational since 2007, manufactures critical components for gas-insulated switchgear, which are essential for electricity transmission and distribution. These products play a key role in integrating renewable…