Author: Power Peak Digest Team Pub Date: December 24, 2024
Similar Posts
Energy Vault partners with Enervest Group for 1 GWh BESS project in Australia
Author: Power Peak Digest Team Pub Date: October 24, 2024 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 mentioned the importance of engaging with local and indigenous communities,…
Chevron, Engine No.1, GE Vernova to build first U.S. multi-GW power plant, data center
Author: Power Peak Digest Team Pub Date: January 29, 2025 Chevron USA and Engine No.1 have joined forces to create a new company for developing natural gas-fired power plants to support US-based AI data centres, in collaboration with GE Vernova. This initiative addresses the increasing demand for affordable and reliable energy essential for AI development in the US. The project aims to deliver up to 4GW of power by 2027, with the potential for future…
Strike Energy approves South Erregulla gas power plant project
Author: Power Peak Digest Team Pub Date: November 29, 2024 Strike Energy has announced a final investment decision (FID) to proceed with the South Erregulla gas power plant in Western Australia. The 85 MW facility will supply firming power to the South West Interconnected System through the existing 132 kVa transmission line between Geraldton and Three Springs. The project’s FID was bolstered by improved economics due to increased projected plant utilization and high future capacity…
EIB and Intesa Sanpaolo launch €8 billion wind sector initiative
Author: Power Peak Digest Team Pub Date: October 16, 2024 The European Investment Bank (EIB) and Intesa Sanpaolo have launched an initiative to unlock €8 billion in wind sector investments, as part of EIB’s €5 billion wind energy plan unveiled at COP28. Supported by InvestEU, this will support 32 GW of wind capacity toward the EU’s 2030 renewable energy target of 45%. EIB will provide a €500 million counter-guarantee, enabling Intesa Sanpaolo to establish €1…
PLI, RE incentives for ‘Green Steel Mission’ to decarbonise steel industry
Author: Power Peak Digest Team Pub Date: January 2, 2025 The government is working on a Rs 150 billion ‘Green Steel Mission’ to reduce carbon emissions in the steel sector, which currently contributes 10-12 per cent of the country’s total emissions. The mission includes a production-linked incentive (PLI) for green steel, incentivising renewable energy adoption, and mandating green steel procurement by government bodies. These measures aim to align with India’s decarbonisation goals, with the Ministry…
Reliance Power establishes SPV for renewable energy projects
Author: Power Peak Digest Team Pub Date: December 13, 2024 Reliance Power Limited (RPL) incorporated Reliance NU Energies Private Limited, a special purpose vehicle, on December 10, 2024. The entity will focus on developing renewable energy projects, including solar, wind, hybrid systems, and advanced energy storage solutions such as pumped storage hydropower and battery energy storage systems.