Union Minister for Coal and Mines, Shri G. Kishan Reddy, inaugurated a 150-kilowatt rooftop solar power plant at the Geological Survey of India Training Institute (GSITI) in Hyderabad. The solar plant is expected to meet 75% of GSITI’s energy needs, saving Rs 3 million annually.
Blue Energy, a US-based company specializing in nuclear power, has completed a $45 million Series A fundraising round co-led by Engine Ventures and At One Ventures. The funding also saw participation from capital firms Angular Ventures, Tamarack Global, Propeller Ventures, Starlight Ventures, and Nucleation Capital. The funds will be used to advance Blue Energy’s core engineering work, site development, and secure additional partnerships. The company introduced a modular, reactor-agnostic power plant architecture that can be…
The UK government has introduced a new investment support scheme to bolster the country’s energy storage infrastructure, with a focus on long-duration energy storage (LDES) technologies. These projects, including pumped storage hydro, are essential for storing renewable energy and ensuring its availability when needed, acting as giant batteries for the grid. LDES technologies have faced investment challenges due to high upfront costs despite low operational expenses. The new scheme is designed to overcome these barriers,…
Italy, the only G8 country without an operational nuclear power plant, is advancing toward reversing its nearly four-decade-long ban on nuclear power. After the 1987 shutdown of its four reactors following the Chernobyl disaster, public opposition to nuclear energy has been strong. Despite attempts to revive nuclear energy in the past, including a failed 2008 initiative, the ban remained in place. In May 2023, Italy’s lower house of parliament passed motions asking the government to…
Synergy has started installing the first battery units at its 500MW/2GWh Collie battery energy storage system (BESS) in Western Australia. The project, valued at A$1.6 billion (USD 1.07 billion), will include 640 battery units and is scheduled to be operational by 2025. Once complete, the BESS will power 785,000 homes for four hours. The construction phase has generated 500 local jobs in Collie and supports the state’s energy transition plan, which aims to phase out…
Greenzo Energy, India’s indigenous alkaline electrolyzer manufacturer, has signed a Memorandum of Understanding (MoU) with RBM Infracon Limited to establish green hydrogen facilities with a combined capacity of 15 MW across Jamnagar, Kutch, and Bhuj in Gujarat. The project will see an investment of Rs 2 billion and will begin in the fourth quarter of FY 2024-25, rolling out in phases over 18 months. Greenzo Energy will manage the design, engineering, and commissioning of the…
Global: Malaysia’s power utility partners with Keppel to supply 100 MW in cross-border deal Taihan Cable secures contract for Singapore’s 400 kV power grid Runergy launches solar module manufacturing facility in US EET to develop UK’s first large-scale low-carbon hydrogen hub CWP Global to develop 600 MW green hydrogen project in Angola India: IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024 GAIL, AM Green signs MoU to jointly…
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…
Financial institutions (FIs) are stepping in with coal transition mechanisms (CTMs), financial tools designed to help overcome challenges such as high capital costs and the insulation of coal assets from competition. These tools have enabled early coal plant retirements in various markets worldwide. This article presents case studies on the successful early retirement of coal plants, including the Tocopilla power station in Chile, the Logan and Chambers generating stations in the United States, and the…
The global energy transition is gaining momentum, and rooftop solar (RTS) systems are playing a significant role in addressing the world’s growing energy demand. With projections suggesting a 75% increase in global electricity demand by 2050 (IEA 2022), geopolitical disruptions, such as the Russia-Ukraine conflict and the COVID-19 pandemic recovery, have further underscored the need for a shift toward renewable energy (RE) sources. Solar photovoltaics (PV) in particular, including distributed solar technologies, are well-positioned to…