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Buried deep underground at depths of 1,093 to potentially 3,000 meters, the deposit is part of the Carboniferous aquifer and demonstrates substantial concentrations of naturally occurring hydrogen. This discovery is not just about France; it represents a possible game-changer for the clean energy landscape.
China’s Rudong Marine Solar PV and Hydrogen Storage Project Begins Operation The Rudong marine solar photovoltaic (PV) and hydrogen storage project in Rudong County, Jiangsu Province, China, marks a pivotal step in renewable energy innovation. Developed by Guohua Energy Investment Co.,
Utilities around the world will invest around $30 billion over the next five years to install more than 300 million smart meters, bringing many of the world’s most populous countries to full deployment but leaving other parts of the globe with relatively low penetration. Slow smart meter rollout in Germany.
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?
This strategic approach enabled the effective provision of energy across various areas of the event, including performance stages, catering, and production. They feature a remote two-way connection to the machines and the grid available onsite, ensuring monitoring of the application to reach the highest efficiencies.
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.
But if you ask solar-power enthusiasts, a reservoir is also not realizing its full potential. They could simultaneously gather energy from the sun and shade the water, reducing evaporation — an especially welcome bonus where droughts are getting worse.
This story is the sixth part of a DeSmog series on carbon capture and was developed with the support of Journalismfund Europe. Carbon capture has never been deployed on gas-fired power stations at such a scale before — and a senior Equinor executive has made frank admissions around the technical challenges such projects face.
Panasonic’s Cardiff RE100 Facility: Technological Advancements at the Cardiff Facility Panasonic’s newly launched RE100 facility in Cardiff, Wales, represents a bold leap in renewable energy innovation. These systems are managed by Panasonic’s advanced Energy Management System (EMS).
The world’s largest asset manager has a new multibillion-dollar renewable energy fund in the works, and a good chunk of it may go to batteries. billion into more than 250 wind and solar projects around the world, a fleet that generates enough power to keep the lights on in Spain. energy storage market, Torres said.
100 million smart meters and counting by Gridspertise, a new era for smart meter data in Japan and Kaifa going OSGP and Sigfox are on the week’s technology radar. 100 million smart meters and counting by Gridspertise, a new era for smart meter data in Japan and Kaifa going OSGP and Sigfox are on the week’s technology radar.
V2G tech company Nuvve and battery specialist Guangzhou Great PowerEnergy and Technology Corporation have announced a strategic partnership to accelerate the deployment of stationary storage batteries and their integration with the power grid.
Incentivizing Green Hydrogen: The CBAM could incentivize the production of green hydrogen , which is produced using renewable energy sources and emits no carbon dioxide. This could lead to breakthroughs in areas such as electrolysis efficiency, carbon capture, and storage, or the use of alternative energy sources for hydrogen production.
The world’s total renewable power capacity will grow 50 percent between 2019 and 2024, according to the International Energy Agency. For investors keen to tap into this growth, mostly driven by solar and wind, the question is where to look. Chile: Solar and wind. China: Solar and wind. Ethiopia: Solar.
The new battery boasts triple energy density and 90% less production energy requirements. According to Theion, their battery cells also require 90% less energy to produce, from raw material to finished cell. “We Sulphur is 99% cheaper to source and is used in existing state-of-the-art lithium-ion batteries.
This story is the tenth part of a DeSmog series on carbon capture and was developed with the support of Journalismfund Europe. A screenshot of Equinor’s website, taken on 13 October, 2024 Credit: Edward Donnelly. The claim has since been removed. million tonnes of CO2. Credit: Sabrina Bedford. million tonnes of CO2 at the site.
A new "green steel" venture in Sweden has been launched with bold plans to start production as early as 2024. One component of the green steel business case is access to Sweden’s ample renewable energy resources. In all cases, the sources of biomass will be monitored and restricted. billion ($3.04 Costs and carbon.
The Celtic nation was one of the first in Europe to take green technologies seriously with the Centre for Alternative Technology opening and spearheading research back in the early 1970s. This culture of innovation continues today with companies like Riversimple springing up and making history with their hydrogen-powered fuel cell vehicles.
2023 was a big year in energy – wholesale prices fell from their record highs, renewable energy generation has continued to grow at pace, and AI has been the word on everyone’s lips. We saw this happen in the UK market and are now witnessing it in other parts of Europe and Australia. This is where AI also plays a key role.
In this debut of the Power Playbook, our spotlight on the finance and investment side of the energy transition, Yusuf Latief investigates how Vehicle-to-grid (V2G) tech is becoming a burgeoning market space ripe with investment opportunities. Customers can also stack the benefits of payments for solar generation on top of this.
Japan’s electricity sector is facing the triple challenges in the energy transition of energy security, cost and decarbonisation , writes James Tedd from GridBeyond. While there has been growth in the solar sector, most generation is provided by gas and coal. Image: GridBeyond. Demand side measures. Have you read?
Decentralisation, blockchain and AI, the future grid and the space race are some of the areas in which numerous advances have been made in 2023 and are set to continue during 2024. But for this one I have decided to take a forward look to 2024 – and would invite your feedback on its focus and style for the year ahead. Have you read?
Enel’s electric mobility company and UrbanV are partnering up to develop the knowledge and infrastructure necessary for eVTOL sustainable charging solutions. After an initial test phase, the service is hoped to be available as early as 2024 for passengers.
This week’s edition of Smart Energy Finances sees a new study from BDEW and CapGemini detail how sustainable transformation and decarbonisation purchasing are more important than ever for Austrian and German utility Environmental, Social, and Governance (ESG) goals. ESG for utilities: decarbonisation on the up. Microgrid debt financing.
Siemens Energy’s positive Q1 results due to the strong performance of its Grid Technologies and Transformation of Industry portfolios lead this week’s Smart Energy Finances analysis. Siemens Energy’s strong Q1 Revenue came in at €7.6 billion ($8.2 billion) reflecting a 12.6%
You need to remove policy hurdles such as in the Renewable Energy Directive, so that you can faster scale the hydrogen economy in Europe, and use that to build out the infrastructure”, Simon Herbert, ExxonMobil’s vice-president of low carbon solutions, told the World Hydrogen 2024 conference in Rotterdam last week.
The recent residential solar industry downturn in the United States and Europe has required some inverter manufacturers to close down operations and cut jobs. Net-metering changes in the biggest solar state of California resulted in the residential market’s lowest quarter in nearly three years, according to the U.S.
Europe’s energy storage sector is on the cusp of big new opportunities, but first it will need to get comfortable with merchant risk. But exploiting such opportunities will require navigating increased risks, said Rory McCarthy, senior storage analyst at Wood Mackenzie Power & Renewables. Germany and the U.K.
The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Energy & industry. Happy Monday! Lots of spice for clean investment this week. The picture was less rosy for new wind and heat pumps, both of which have suffered from high interest rates. .
Earnings season is here, and we read through the energy majors’ earnings report calls from last week so you don’t have to — and learned about the progress, and direction, of the energy transition. Happy Monday! Thanks for reading! Not a subscriber yet?
With its abundant solar and wind resources, coupled with a strategic geographical location, Egypt is well-positioned to become a reliable hydrogen supplier to Europe and beyond. 2 of 2024, for instance, provides significant tax credits, VAT exemptions on equipment, and reductions in port usage fees for green hydrogen initiatives.
In recent months, the BBC has created content for a number of oil and gas companies, including the French fossil fuel company Engie, which owns a number of coal-fired power plants and relies heavily on gas for its energy production. Last year was the warmest year since global records began in 1850.
Transmission upgrades are vital to help build the net zero carbon grid of the future by integrating large-scale solar and wind farms into the nation’s power grids. Our progress report for summer 2024? These dispatches delivered a large amount of capacity to energy markets worldwide. What can we do right now?
The SecurEL initiative is being launched as an 8-year research ‘centre’ on distribution grids in Norway hosted by SINTEF Energy Research. Centres for environment-friendly energy research The SecurEL research centre is one of eight that are being awarded up to NOK 1.28 Have you read? I have great expectations for the new centres.
To make the sports facility emissions-neutral, energy will be supplied 12,000 photovoltaic modules and 270 geothermal boreholes. The renovation of the training fields is expected to be completed by the autumn of 2024, with the entire renovation to be completed by 2026.
Krones , a global manufacturer of packaging for food and beverages, has officially broken ground on a combined solar and geothermal system at their production facility in Debrecen, Hungary. The entire project is then scheduled to be finalized by 2024, and the Debrecen plant is expected to run independently of gas by the end of the same year.
The significant overlap between these two sectors presents multiple energies for synergy, allowing traditionally O&G-oriented companies to contribute to the energy transition. Once perceived solely as an oilfield services business, we are now an energy services business. These initiatives are continually evolving.
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%.
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. ukasz Koli?ski,
Protecting satellite imagery from fraud Satellite imagery is becoming increasingly important as a source of data for energy and water utilities, as for other sectors also. Such climates generally have abundant sun or wind and are thus ideally suited to renewable energy production.
This week’s iteration of Smart Energy Finances looks to partnerships and sustainability bonds announced under the Enel umbrella. Their partnership will thus allow the company to develop new solutions and assist with the complexity of the evolving electricity grid. Jungle AI raises €5mn to deploy tech in renewable energy.
After several delays spanning at least a year, the government has finally unveiled vision for a future net zero energy system - here are the eight things you need to know about the long-awaited Energy White Paper. To describe autumn 2020 as a busy period for green economy policy in the UK would be an understatement.
Six electricity and four gas smart grid projects have been proposed for the EU’s first list of projects of common interest (PCI) and projects of mutual interest (PMI). The PCIs were introduced in 2013 and are updated every two years as the projects and the energy system evolve, with the fifth list of 2021 current. Have you read?
A wave of farmers protests in Europe earlier this year were jumped on by populist politicians, resulting in the watering down of measures including a law to restore nature – ignoring that many of the farmers’ concerns were unrelated to green rules. In its 2024 manifesto, PVV says it plans to “overhaul” European climate and energy policies.
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