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The nation’s power sector is also heavily reliant on hydrocarbons, which is hardly surprising considering its affordability and supply. With an ambitious renewable energy target of 50% of its power supply by 2030, is there a prominent role for geothermal in Saudi Arabia’s energy mix?
Happy New Year 🎉 We’re glad to be back in your inbox after a little R&R over the holiday break, and we’ve got one last gift for you: our 2024 Climate Tech Investment Trends report, live now. Investors didn’t fully push the restart button in 2024, as the 2023 “wait-and-see” crowd had hoped.
The Megawatt Charging System (MCS), a standard for high-power charging of commercial EVs, is steadily moving from the pilot stage toward commercial implementation. It includes 3-meter liquid-cooled cables (longer lengths optional). The company will also offer a CCS version of the i-light by the end of 2024.
The Geothermal Association of Kenya has announced an extension for abstract submission for the Kenya Geothermal Congress 2024. Abstracts will be accepted until the 15th of February 2024. The Kenya Geothermal Congress 2024 will be held at the Safari Park Hotel & Casino in Nairobi, Kenya from the 16th to 21st of July 2024.
The smart meter rollout has faced major disruption due to Covid-19, but installations are on the up again and experts believe the technology has the potential to unlock the next wave of the net zero transition. If you looked at 100 businesses across the country, many, many of them would have smart metering in. "If
The rapid rise of artificial intelligence (AI) is bringing raising questions and concerns about its energy consumption. While already widely used but still growing in business applications it is yet to take off at the consumer level – and as it is made more accessible that use is likely to be massive. Have you read?
MWh Navius MRS-3TM Marine Rack Systems from Istanbul-based electric system integrator Elkon. The second set of vessel battery systems will be delivered in 2025 after the deliveries for the first two projects in 2024 and 2025. meters long and hold 450 passengers and 100 cars (or 14 commercial vehicles).
Novo Energy, a joint venture of Volvo Cars and Northvolt, has begun construction of a Li-on battery gigafactory in Gothenburg, Sweden, near Volvo’s existing Torslanda factory. The first phase of the facility will be a 130,000-square-meter building. The first phase of the facility will be a 130,000-square-meter building.
According to the Energy Efficiency Movement, energy efficiency actions, such as the use of smart building energy management systems, switching to EV fleets and using heat pumps, can result in global cost savings of approximately $437 billion. billion a year by 2030 from improved motor efficiency and reduced electricity use.
New York’s recent legalization of recreational marijuana for adult use has set off a flurry of entrepreneurial activity as businesses seek to establish a foothold in the State’s new and lucrative market. Due to their fans, lights, and 24/7 operation, indoor cannabis farms and manufacturing facilities consume a lot of electricity.
Energy harvesting brings carbon benefits, Fike Blue to quench battery thermal runaways and a quantum-space collaboration are on the week’s technology radar. “Products like ours, which allow us to eliminate unnecessary energy consumption, represent quick and affordable wins compared to extensive infrastructure investments.”
All the winners and highly commended entries from the UK's most prestigious green business awards Last night over 550 top green business leaders, investors, entrepreneurs, and campaigners gathered in central London for the second annual UK Green Business Awards.
New electricity, water and hydrogen smart meters, DLMS and LoRa standards developments, and new studies on circularity and IoT are on the week’s technology radar. The new smart meter also is interoperable with third-party vendor solutions, allowing backward compatibility and integration with existing installations.
A major cold snap led to record electricityusage in the Canadian province of Alberta over the weekend, culminating in demands from provincial utilities to limit consumption. The extreme cold and record-setting electrical consumption has reignited local debates about whether heat pumps are a viable option in the province.
Twenty-two climatetech startups joined our community in Q3 2024, working on technologies ranging from a ring anchor for offshore wind turbines, to electric personal watercraft, to industrial power-to-heat solutions. We’re thrilled to support these groundbreaking climatetech startups—let us introduce you!
Nowadays, the focus is increasingly on the energy that these nifty gadgets require. The home of the future that we envision today is an intelligent home, and much of the intelligence has to do with optimizing energy consumption—shifting demand to times when energy is cheaper and/or cleaner. That’s one piece of the pie.
Home appliances constitute the lowest layer of flexibility in the energy system but arguably they also are one of the most important layers. To investigate this the European Bridge project surveyed 18 projects (the number that responded) on the use of the appliances and their energy related features. Have you read?
The field campaign follows the signing of an MOU between the Government of Arunachal Pradesh and NGI to collaborate and explore the feasibility of harnessing geothermal energy from the state’s hot springs. The current plan is to resume drilling in 2024 pending the arrival of a larger drilling rig.
The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Energy & industry. Weaker residential construction activity cooled the HVAC sector, and heat pump sales bore the brunt at a 16% decline compared to 2022. Happy Monday! Manufacturing.
Building Energy Efficiency Inflation Reduction Act Activation Guide Download Guide Produced by EDF in collaboration with Companies with high energy footprints are most likely to benefit from the IRA’s credits and deductions for energy saving building technologies. sq ft to sliding scale of $2.50-$5.00
New York’s recent legalization of recreational marijuana for adult use has set off a flurry of entrepreneurial activity as businesses seek to establish a foothold in the State’s new and lucrative market. Due to their fans, lights, and 24/7 operation, indoor cannabis farms and manufacturing facilities consume a lot of electricity.
The most-forward thinking utilities are embracing the power of AI and big data to chart the most efficient and effective path to achieve future readiness. It was a strategic investment designed to enable us to learn more about charging behaviors and have the potential to control usage. We would have said no to the opportunity.” “We
The most-forward thinking utilities are embracing the power of AI and big data to chart the most efficient and effective path to achieve future readiness. It was a strategic investment designed to enable us to learn more about charging behaviors and have the potential to control usage. We would have said no to the opportunity.” “We
Chinese battery manufacturer Gotion High-Tech has introduced its lithium manganese iron phosphate (LMFP) based Astroinno L600 battery cell and pack, which it plans to start mass producing in 2024. Source: Gotion High-tech
It can provide a cool place to rest in the shade, a snack in the form of fruit, lumber to build a home, and cleaner air. Billions of dollars are flowing into projects to plant and protect trees so that governments and businesses can claim they’ve canceled out their emissions. on May 10, 2024. Here’s the problem.
Decreased Renewables Cost: Levelized Cost of Electricity (LCOE) to project sponsors is expected to decrease by 40-60%, which will likely result in cost reductions for commercialelectricity users. Notes: PTC stands for Production Tax Credit. ITC stands for investment tax credit. Sources: Deloitte Analysis, H.R.5376
This post is the fourth in a series titled “Real Talk on Reliability,” which will examine the reliability needs of our grid as we move toward 100 percent clean electricity and electrify more end-uses on the path to a climate stable future. Electricity Grid Planning Areas with the Sharpest Increase in 2023 Load Forecast.
For example, British Land - one of the UK's most prolific commercial property developers - has pledged to achieve net zero emissions across its portfolio by 2030 for both operational and embodied carbon. Meanwhile, in Sweden, the world's first hydrogen-powered steel plant was powered up on 31 August by the HYBRIT coalition.
Some 200 participants came together in Budapest, Hungary for the second edition of the Budapest Geothermal Energy Summit , organized by White Paper Consulting. We need more political love for geothermal energy […] and we need more people, because it’s going to grow, it’s booming,” Ms Brommer said. There is 1.09 ukasz Koli?ski,
Look forward to 2024 predictions from many of your favorite clairvoyant climate voices. Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. 🏦 The Loans Program Office kept busy. Proterra, the dominant electric bus maker, was just one high profile example.
In deals, major funding includes $116M for hydrogen-powered aviation, $44M for sustainability software, and $75M in project finance investment for SAFs. In new funds, energy transition infrastructure is bringing in the big bucks with Brookfield's record-breaking $28B infra fund and Antin's $1.2B sustainable infra fund.
According to the company, the OS supports 6 architectures that are used by more than 40 types of chargers, and it integrates over 15 different power converters, and all chipsets on the market. We have 50 ecosystem partners on the component level—converters, isolation monitors and so on.” “We It works with multiple I/Os and interfaces.
Key Takeaways IRA adds $2 billion of funding to REAP in the next decade and increases grant share to 40% for all projects starting in 2023 Covers a variety of renewable energy and energy efficiency technologies such as wind, solar, biomass (incl. biomass, anaerobic digester, wind, solar) Energy Efficiency Investments (e.g.,
While 70% of total expenditures are directed toward “Clean Energy & Clean Air” investments, additional claims on those funds may diminish the amount made available for direct emission reduction activities. 3 Less coverage generally lowers price signal impacts, unless the changes for those sectors require a much higher price signal.
2024 is looking to be a critical year as climate tech continues its journey from the lab to large scale deployment. Download the public report The full report, 2024 predictions, underlying data, and charts are available for Sightline Climate clients here. 💸 Round size: Average deal size decreased 28%.
Ship Orders Yara Eyde, a joint venture between Yara Clean Ammonia and North Sea Container Line, aims to be the world’s first clean ammonia-powered container ship. Saudi Arabian ACWA Power outlined a $4bn green hydrogen and ammonia facility in Egypt that could produce up to 600,000 tons of green ammonia per year.
We’re diving into Amazon’s new deal with X-energy, where it’s paying prime for next decade delivery. In other news, the courts say that the EPA can regulate power plant emissions (for now), global EV sales drive ahead, and Brazil introduces new regulation for CCS as the sector grows.
Check out all the finalists for the UK's most prestigious green business awards BusinessGreen has today announced the finalists for the UK Green Business Awards 2024, the UK's most prestigious celebration of the best of the green economy.
In deals, $550m for sustainable data centers, $500m for electric vertical take-off and landing services, and $471m for EV manufacturing platforms. Because CCS is still a relatively emerging technology, it faces these types of challenges when it comes to scalability and commercial viability. Outside the US, CCS is pushing ahead.
Climate tech companies that attracted substantial funding for their innovations in 2021 and 2022 are now reaching important proof points on the journey to commercial scale. Geologic hydrogen raises $91M and heating and cooling efficiency draws in $67M. In deals this week, supply chain software scoops up $192M. Thanks for reading!
Pretty cool, huh? We’re talking renewable energy, recycling, and all that good eco-friendly stuff. Think big utilities that have gone green or those with solid foundations in energy efficiency. designs, manufactures, and distributes engines and power generation products. Now, turn your attention to green stocks.
Deals of the Week (10/8-10/15) Venture Fundings 🔋 Skeleton Technologies , a Tallinn, Estonia-based graphene-based supercapacitor and battery energy storage developer, raised $113M in Corporate funding from Siemens Financial Services and Marubeni. 💼 Find or share roles on our job board here.
African green hydrogen plans, new coal-to-clean energy deals, and worsening climate impacts. Paris 2024 President Tony Estanguet this week unveiled the catering strategy for the upcoming Olympic Games in the French capital, revealing a goal to halve the average carbon footprint of meals served during the Games.
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