X-ELIO has announced the expansion of its Blue Grass Solar Farm, located in Queensland’s Western Downs, by integrating a 148 MW Battery Energy Storage System (BESS). This marks X-ELIO’s first hybrid solar and storage project in Australia. The project will be developed in two phases: the first phase will deliver 60 MW BESS by 2025,…
The European Investment Bank (EIB) has signed a €120 million loan agreement with Iberdrola to support research and innovation in energy technologies, focusing on accelerating electrification and decarbonisation. The total investment associated with these initiatives amounts to €250 million. The funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro,…
Georgia Power has received $160 million from the US Department of Energy (DOE) under the Grid Resilience and Innovation Partnerships (GRIP) programme to enhance the resilience and efficiency of Georgia’s power grid. This funding, part of the Bipartisan Infrastructure Law, aims to lower investment costs for customers and boost grid flexibility, ensuring communities have reliable…
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…
Energy Vault Holdings has partnered with the Enervest Group to deploy a 1 gigawatt-hour (GWh) battery energy storage system (BESS) at the Stoney Creek site in New South Wales (NSW), Australia. Enervest CEO Ross Warby highlighted the strength of the partnership, emphasizing Energy Vault’s expertise in technology and system design as key factors. He also…
Ocean Winds (OW) and Eletrobras have signed a memorandum of understanding (MoU) in São Paulo to collaborate on offshore wind energy projects in Brazil, aligning with the country’s renewable energy targets and economic development goals. This partnership aims to harness Brazil’s wind resources to create a sustainable energy future while promoting local job creation and…
Dominion Energy has completed the sale of a 50% non-controlling interest in its Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak, an alternative investment firm. This transaction, first announced in February 2024, has provided Dominion Energy with $2.6 billion in proceeds, approximately half of the capital investment made in the project so far. Stonepeak…
Power cable manufacturer NKT has started the installation of a 518 km high-voltage direct current (HVDC) power cable system for TenneT’s SuedLink project. The 525 kV cables will connect northern Germany’s renewable energy sources to the southern industrial regions, supporting Germany’s energy transition strategy, Energiewende. Tim Meyerjürgens, TenneT’s chief operations officer, highlighted the milestone, stating…
UK-based offshore wind services provider Venterra Group has acquired Oceanscan Holdings, expanding its capabilities in the offshore energy market. Financial details of the transaction were not disclosed. Oceanscan Holdings offers subsea and non-destructive testing equipment, geotechnical services, and specialized personnel. The acquisition will enhance Venterra’s expertise through the integration of Oceanscan’s capabilities, asset base, and…
Evergy, a US-based utility company, plans to build two 705 MW combined-cycle natural gas plants in Kansas to meet rising energy demands and enhance reliability. The first plant in Sumner County is expected to commence operations in 2029, while the second in Reno County is set for 2030. Kansas Governor Laura Kelly highlighted the state’s…