Power Sector News Roundup for November 4, 2024

Power Bytes

Global: IEA report forecasts US$2 trillion clean energy market growth, challenging oil industry dominance. Germany to bury nuclear waste, but toxic dispute remains unresolved. UK Government confirms rise in oil and gas headline tax alongside investment in clean energy. Asia to spend over USD 20 billion on EVs, according to a report. Moroccan government partners with Total Energies H2 for the ‘Chbika’ green hydrogen project. Blykalla and ABB partner to develop an SMR pilot facility…

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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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Energy Vault partners with Enervest Group for 1 GWh BESS project in Australia

Global, News

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, such as the Narrabri community, to ensure the successful delivery…

Power Sector News Roundup for October 4, 2024

Power Bytes

Global Development: TotalEnergies kick-starts its largest US utility-scale solar farms with batteries. GE Vernova to supply 38 turbines for Boulder Creek Wind Farm in Queensland. RES sells 436.5 MW Tarong West Wind Farm to Stanwell in Australia. Texas approves Permian Basin Reliability Plan to meet rising electricity demand. China has invested over $100 billion overseas in cleantech since 2023. Axess Technologies secures cable installation contract for Denmark’s Thor offshore project. Powin secures $200 million credit…

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Government approves ASHVINI to develop nuclear power plants

India, News

The government has approved the establishment of Anushakti Vidhyut Nigam Limited (ASHVINI), a joint venture between Nuclear Power Corporation of India Limited (NPCIL) and NTPC Limited, to build, own, and operate nuclear power plants under the Atomic Energy Act. As part of this approval, the Mahi Banswara Rajasthan Atomic Power Project (MBRAPP), consisting of 4×700 MWe reactors based on pressurised heavy-water reactor technology, will be transferred from NPCIL to ASHVINI. Additionally, the government has granted…

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Government approves NPCIL-NTPC JV for nuclear plants in Rajasthan

India, News

The Indian government has approved a joint venture (JV) between the Nuclear Power Corporation of India (NPCIL) and National Thermal Power Corporation (NTPC) to develop four 700 MWe nuclear power plants at Mahi Banswara in Rajasthan. The JV, named Anushakti Vidyut Nigam (ASHVINI), has been authorized to build, own, and operate nuclear power plants in India. ASHVINI, a subsidiary of NPCIL with a 51% stake, will implement the 4×700 MW Pressurised Heavy Water Reactors (PHWR)…

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Powin and BHE Renewables partner to build solar-storage microgrids

Global, News

Powin has teamed up with BHE Renewables to deliver a major solar and storage microgrid in Ravenswood, West Virginia. This project will supply renewable energy to Titanium Metals (TIMET), a subsidiary of Precision Castparts, for manufacturing titanium products for the aerospace industry. Powin will provide a 50MW Centipede Stack800 battery energy storage system, designed for 10-12 hours of energy discharge. The system will complement a 106MW solar array, forming a key part of the microgrid….

Company Profile: NTPC

Features

NTPC Limited, India’s largest power utility, has shown strong financial performance, significant capacity expansion, and renewable energy and nuclear power initiatives. The company achieved record highs in market capitalisation, profit, and electricity generation while advancing its commitment to sustainability and innovation. Here’s a detailed look at NTPC’s achievements and plans. Financial Performance In FY 2023-24, NTPC reported a consolidated profit after tax (PAT) of Rs 213.32 billion, a 25% increase from the previous year. The…

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NTPC plans major nuclear expansion with new subsidiary

India, News

NTPC Limited is planning an expansion into nuclear energy by establishing NTPC Nuclear Power Company, a 100% subsidiary. The company is exploring sites in multiple states for new nuclear units as part of its strategy to achieve a carbon-neutral economy, integrating renewables, nuclear power, green hydrogen, green mobility, energy storage, and waste-to-energy, with low-emission thermal power at its core. NTPC’s first nuclear project, in collaboration with Nuclear Power Corporation of India Limited (NPCIL), will be…

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Birriwa Solar Farm secures conditional approval in New South Wales

Global, News

The Birriwa Solar Farm in New South Wales has received conditional approval from the state’s Independent Planning Commission. Located about 15km south-east of Dunedoo within the Central-West Orana Renewable Energy Zone, the project includes a 600MW solar farm and a 600MW/1200 MWh battery energy storage system, along with an on-site accommodation camp. The solar facility is expected to generate enough renewable energy to power over 229,000 homes. The Department of Planning, Housing and Infrastructure completed…