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Servotech partners with Ensmart Power to expand EV charger business in UK

India, News

Servotech Power Systems has announced a collaboration with UK-based Ensmart Power to expand its electric vehicle (EV) charger business in the UK and North America.  The partnership aims to leverage Servotech’s innovative EV charging solutions and Ensmart Power’s expertise in energy storage and distribution to develop a reliable and accessible EV charging infrastructure in these regions. The companies have signed a sole distribution agreement to enhance the distribution of EV chargers, focusing on supporting green…

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US commits $900 million for Gen III+ SMR technologies

Global, News

The US Department of Energy (DOE) has committed $900 million to advance the development and deployment of Generation III+ small modular reactor (SMR) technologies. This funding, part of the Consolidated Appropriations Act of 2024 and President Biden’s Bipartisan Infrastructure Law, is aimed at accelerating the domestic nuclear industry and supporting national climate goals. The funding is divided into two categories. Tier 1, managed by the Office of Clean Energy Demonstrations (OCED), allocates up to $800…

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World Bank approves USD 250 million for renewable energy in Lebanon

Global, News

The World Bank’s Board of Executive Directors has approved a USD 250 million project to expand renewable energy sources (RES) in Lebanon and support ongoing electricity grid reforms. The initiative will strengthen Lebanon’s state-owned Electricité du Liban (EDL) operational and commercial systems, increase grid-connected RES supply, and reinforce the national power network.  Key components include developing a grid-connected solar photovoltaic (PV) plant, rehabilitating the Litani River Authority (LRA) hydropower plant, and upgrading the EDL transmission…

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KEI Industries approves Rs 20 billion QIP proposal

India, News

KEI Industries Ltd’s board of directors has approved a proposal to raise Rs 20 billion through a qualified institutional placement (QIP). The funds will be raised via the issuance of equity shares or other eligible securities, subject to shareholder and regulatory approvals. A “Fund Raising Committee” has been formed to finalize the QIP’s terms and conditions. In its financial results for H1FY25 (April to September), KEI Industries reported: Domestic institutional sales of wire and cable…

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Energy Justice and the Renewable Transition: Addressing Inequities in Carbon-Intensive Regions

Analysis, Opinions and Perspective

The global shift towards renewable energy is crucial in mitigating climate change, reducing greenhouse gas emissions, and ensuring a sustainable future. Yet, this transition is far from equitable. For carbon-intensive regions, where economies and livelihoods are tightly linked to fossil fuels, the renewable energy transition presents significant challenges. These regions face the risk of economic destabilization, job loss, and social upheaval. In this context, the concept of energy justice has emerged as a critical framework…

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Australia’s largest wind farm begins supplying power to Victoria’s grid

Global, News

The 1.3GW Golden Plains wind farm, located in Rokewood, Victoria, has begun supplying renewable energy to the state’s electricity grid.  As the largest wind farm in the southern hemisphere, it will generate 4,000 GWh annually, covering 9% of Victoria’s energy needs and powering 765,000 homes when fully operational. The project includes a 300MW battery to store surplus energy, ensuring reliable supply during peak demand. The wind farm’s construction created 700 jobs, with 70 permanent roles…

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Swedish firm OX2 buys 1GW onshore wind project in Australia

Global, News

Renewable energy developer OX2 has acquired its first onshore wind project in Western Australia, with a planned capacity of 1GW. Located north of Perth, the project is in the early development stages and will include a 100MW battery energy storage system. The acquisition involves collaboration with 20 landowners, and the original developers will continue to oversee the approval process alongside OX2. This acquisition is part of OX2’s strategy to expand its renewable energy portfolio in…

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Seaspan to manufacture SMR components for Westinghouse

Global, News

Westinghouse Electric has signed a memorandum of understanding (MoU) with Seaspan to produce essential components for its AP1000 and AP300 small modular reactors (SMRs). This partnership will support nuclear new-build projects in Canada and globally, including the manufacturing of components like pipe spools and steel structures. Seaspan’s expertise in large-scale custom fabrication positions the company to enter the nuclear sector. For each AP1000 unit built outside Canada, Westinghouse estimates a contribution of nearly C$1 billion…

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Vestas and Fortum settle arbitration over Russian wind energy projects

Global, News

Danish wind turbine manufacturer Vestas and Nordic energy company Fortum have settled their arbitration dispute regarding wind energy projects in Russia. Both parties agreed to drop all past, present, and future claims, with the settlement terms remaining confidential. The dispute began in 2022 when Fortum initiated arbitration at the International Chamber of Commerce in Stockholm. Fortum sought more than $218 million (€200 million) in compensation from Vestas for payments made on wind projects in Russia…

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Luminous Power launches AmpBox: A breakthrough in gel battery energy storage

India, News

Luminous Power Technologies has introduced AmpBox, the first gel battery in the market offering power backup options for 3, 4, 5, and 6 hours. AmpBox addresses India’s power cut challenges, providing consumers with a reliable and uninterrupted power supply. Gel batteries use a gel-like electrolyte, minimizing leakage, reducing corrosion risk, and offering longer life with low maintenance. AmpBox is environmentally friendly and designed to perform in extreme temperatures, making it ideal for residential and commercial…