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Energy Vault to build 57MW battery storage project in Texas

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Energy Vault has announced plans for a 57MW/114MWh battery energy storage system (BESS), named Cross Trails BESS, to be built in Scurry County, Texas.  Construction is scheduled to begin in Q1 2025, with commercial operations expected by mid-2025.  Energy Vault will build, own, and operate the project using its X-Vault integration platform, UL9540-certified B-VAULT product, and VaultOS energy management system, offering flexibility for both AC and DC-coupled configurations. The project aims to boost renewable energy…

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SPPC awards 7.2GW power project contracts under Saudi Vision 2030

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The Saudi Power Procurement Company (SPPC) has awarded contracts for the development of 7.2GW of power projects to consortiums led by Saudi Electricity Company and Abu Dhabi National Energy Company (Taqa).  The projects, essential to Saudi Arabia’s strategic energy mix plan, align with Vision 2030 and the Saudi Green Initiative, which targets a 50% contribution each from renewable energy and gas in domestic electricity production. Contracts were awarded for the Rumah I and II and…

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Entrion Wind secures US patent for FRP monopile technology

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Norwegian offshore wind firm Entrion Wind has obtained a US patent for its fully restrained platform (FRP) monopile, marking the first of six patent applications filed by the company.  The FRP monopile, designed for water depths up to 100m, is set for commercial launch in 2027 and promises improved economics over other foundation systems, featuring Entrion’s top mooring assembly (TMA) for enhanced stability and efficient installation. Entrion co-founder and VP Li Lee highlighted the monopile’s…

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ScottishPower signs £1bn deal with Siemens Gamesa for East Anglia 2 offshore wind farm

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ScottishPower Renewables has entered a £1 billion ($1.2 billion) agreement with Siemens Gamesa to supply 64 SG 14-236 DD turbines, each rated at 15MW, for the East Anglia 2 (EA2) offshore wind farm off England’s east coast. With a capacity close to 1GW, EA2 will generate enough energy to power nearly one million homes, supporting the UK’s mission to lead in clean energy. The turbines feature 236m rotor diameters, with 115m blades manufactured at Siemens…

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EnBW to install 100MW battery storage system in Marbach, Germany

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Energie Baden-Württemberg (EnBW) has announced plans to develop a 100MW/100MWh battery storage facility at its Marbach power plant site in Germany, for enhancing grid stability in southern Germany rather than direct household power supply. Construction is scheduled to start next year, with the facility expected to be operational by the end of 2025. The project will use cobalt-free lithium iron phosphate batteries and will share infrastructure resources with EnBW’s existing facilities, creating synergies, including the…

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ACCA report warns of inadequate climate preparedness among businesses

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The ACCA’s latest report, Weathering the Storm: Building Resilience Against Climate Disruptions, reveals that most businesses and organizations are ill-prepared for climate-related disasters, with outdated continuity plans that fail to account for the rising frequency of such events.  The report shows only 20% of surveyed organizations have identified climate risks across their operations, and just 17% regularly rehearse responses to major disruptions, while 25% lack any resilience-building mechanisms. ACCA Head of Sustainability, Emmeline Skelton, emphasizes…

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Oklo secures environmental permit for fission power plant in US

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Oklo, a fission power and nuclear fuel recycling company, has received an environmental compliance permit from the US Department of Energy (DOE) and Idaho National Laboratory (INL) for its advanced fission power plant site. This permit enables Oklo to proceed with plans to launch the first commercial advanced fission plant in the United States. The permit approval follows a recently completed memorandum of agreement (MoA) with the DOE, initiating site characterization activities for the project….

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Tongyeong Eco Power’s 1GW LNG Plant begins operations in South Korea

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Tongyeong Eco Power’s combined-cycle power plant has commenced commercial operations in Gyeongsangnam-do, South Korea, with a capacity exceeding 1GW, supplying electricity to nearly one million households. The liquefied natural gas (LNG)-fueled plant aligns with South Korea’s strategy to transition from coal to LNG and includes a 200,000 cubic meter LNG storage tank. GE Vernova has provided critical components for the plant, including two 7HA.02 gas turbines, one STF-D600 steam turbine, two heat recovery steam generators…

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COP29: IEEFA pushes banks to reorient lending for renewables, $400 billion annual funding shortfall

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The Institute for Energy Economics and Financial Analysis (IEEFA) has urged global action at the 29th Conference of Parties (COP29), emphasizing a $400 billion annual investment gap to meet renewable energy targets by 2030. Labelling COP29 as the “climate finance COP,” IEEFA’s new briefing highlights the need for policies incentivizing banks to redirect lending toward renewables. IEEFA’s report notes a significant rise in global renewable energy investments, increasing by 73%-78% from $329-424 billion in 2019…

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Nigeria commits NGN500 billion to revitalise abandoned power projects

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The Nigerian government has committed over NGN 500 billion to reactivate more than 100 stalled projects of the Transmission Company of Nigeria (TCN) to enhance the nation’s power supply.  Many of these projects are nearing completion, with some achieving over 80% progress.  The Ministry of Power has requested a dedicated budget allocation for 2025 to support these initiatives, aiming to improve electricity distribution across the country.  To bolster the grid’s resilience, the ministry is also…