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Chubu Electric increases stake in OMC Power to over 35%

India, News

Japan’s Chubu Electric has increased its investment in OMC Power, raising its stake from 20% to over 35%, becoming the largest shareholder.  This additional funding will support OMC Power in commissioning 100 MW of energy transition projects and expanding operations in India and South Africa. OMC Power currently operates over 500 clean energy plants, supplying power to telecom towers, institutional rooftops, commercial and industrial sectors, and providing power distribution to rural and underserved areas. Mitsui…

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Indonesia announces plans for 75GW renewable energy expansion over 15 years

Global, News

Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years.  The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and potentially nuclear energy. With over 90GW of current power capacity, largely coal-based, Indonesia is pushing to reach carbon neutrality by…

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Asia to spend over USD 20bn on EVs: Report

Global, News

Developing an electric vehicle (EV) industry in South and Southeast Asia will require significant investment, with S&P Global Ratings estimating more than US$20 billion in spending by rated carmakers over the next few years.  Chinese EV manufacturers are expected to lead the expansion, viewing the region as a key growth market and a strategic hub for exporting to Europe, where Chinese-made EVs face high import tariffs. S&P Global Ratings credit analyst Claire Yuan noted that…

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JERA Nex and Catalyst Energy partner for clean energy deployment in US

Global, News

Renewable energy firm JERA Nex has formed a strategic partnership with Catalyst Energy Partners (CEP) to accelerate clean energy deployment across the United States. This collaboration aims to develop, construct, own, and operate new utility-scale renewable energy facilities, leveraging existing grid infrastructure alongside conventional power plants. Through this partnership, JERA Nex will provide financial backing, strategic insights, and operational expertise to support CEP’s clean energy projects. CEP brings a portfolio of development-stage renewable assets and…

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GE Vernova wins contract for 600 MW hydrogen-capable power plant in Singapore

Global, News

GE Vernova has secured a contract to supply its 9HA.01 gas turbine for a new 600 MW hydrogen-capable power plant at the Pulau Seraya power station on Jurong Island, Singapore.  The project, led by YTL PowerSeraya Group, is set to begin operations by 2027. Initially running on natural gas, the plant will be able to blend up to 50% hydrogen, with a future goal of transitioning to 100% hydrogen fuel to support global decarbonization goals….

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World Nuclear Performance 2024

Analysis, Features

In a world grappling with the urgency of climate goals and clean energy transitions, the World Nuclear Performance Report 2024, produced by the World Nuclear Association, presents a compelling narrative on the global nuclear industry’s role in reducing emissions and enhancing energy security. Through facts, case studies, and country-specific insights, the report highlights nuclear energy’s capacity to deliver dependable, carbon-free power and keep pace with rising global electricity demands. Nuclear’s Vital Statistics: Performance on a…

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Global Insights on Smart Grid Technology Patents

Analysis, Features

The energy transition involves a profound transformation of power systems, including power generation, transmission, distribution, and consumer practices. This transformation is driven by increasing electricity demand and integrating renewable energy sources, introducing variability into power grids. Smart grid technologies are crucial for managing these challenges, enabling grids to become more efficient and resilient while containing operational costs. Digital technologies, in particular, facilitate the integration of variable renewable energy sources, enhance end-user engagement, and improve energy…

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Iberdrola acquires 88% stake in Electricity North West

Global, News

Iberdrola has finalized the acquisition of an 88% stake in UK-based Electricity North West (ENW), valuing the entire company, including debt, at €5 billion ($5.4 billion). ENW serves approximately 5 million people across northwest England, including Manchester and the Lake District, managing 60,000 km of distribution networks. This acquisition is strategically significant for Iberdrola, as ENW is situated between the existing ScottishPower network regions in Scotland and areas in Merseyside and North Wales. The move…

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L&T wins order from ITER for advanced nuclear fusion project in France

India, News

Larsen & Toubro (L&T) has secured a ‘significant’ contract, estimated between Rs 10 billion and Rs 25 billion, to implement advanced welding technologies for the ITER Organisation’s nuclear fusion project, the world’s largest, located in Cadarache, Southern France. L&T will focus on critical technologies for assembling ports and complex components within the ITER Tokamak’s vacuum vessel. ITER, the International Thermonuclear Experimental Reactor, is a large-scale scientific collaboration aiming to make nuclear fusion a viable energy…

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X-ELIO expands into Australian market with blue grass solar farm storage project

Global, News

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, followed by an additional 88 MW BESS in the second phase by 2026. The 200 MW solar farm, operational since…