Renewable industry reaction to the Winser report’s Govt endorsement- ‘a massive positive step’
The UK government is ready to adopt measures aimed to halve the current average time of 14 years required to complete significant electricity transmission projects essential for revamping the country’s energy system. Energy Secretary, Grant Shapps, has supported a report prepared by industry expert Nick Winser, proposing ways to accelerate the construction of electricity networks […]
Fusion Fuel inks green hydrogen deal with Spanish Customer
Fusion Fuel has secured a long-term green hydrogen offtake contract with a Spanish industrial group. The hydrogen is to be produced at a 2.5 MW green hydrogen project in Toledo, Spain that Fusion Fuel plans to develop in 2024. Earlier this year the project was awarded €3.3 million in grant funding from Spain’s H2 Pioneros […]
Investor consortium to back Zhero Europe’s green energy expansion
TotalEnergies, Baker Hughes, Technip Energies, Azimut (through the fund Azimut ELTIF – Infrastructure & Real Assets ESG), along with other investors, have entered into a preliminary agreement to invest in Zhero Europe, aiming to develop extensive renewable energy projects across Europe and Africa. The projects will encompass renewable power generation, power interconnections, and green molecules. […]
UPM to advance biofuel technology through SunCoal Industries acquisition
UPM Biochemicals has acquired SunCoal Industries, a German-based company that developed a unique technology portfolio to produce performance products from renewable raw materials. This strategic acquisition allows UPM Biochemicals to seamlessly integrate SunCoal Industries’ cutting-edge technology into the production of its own BioMotionTM Renewable Functional Fillers (RFF), a key product manufactured at UPM’s groundbreaking biorefinery […]
OCI Global and X-Press Feeders join hands for end-to-end green fuels solution
OCI Global will supply X-Press Feeders with OCI HyFuels green methanol for their new-build methanol dual-fuelled common feeder ships from 2024. This milestone agreement marks the first green methanol deal with a feeder container carrier and signifies a crucial step towards decarbonising the shipping chain, where the feeder industry plays a vital role in supporting […]
NARDAC introduces unique renewable energy insurance on Joshu’s platform
Joshu has announced that NARDAC Insurance Services (NARDAC), a Lloyd’s coverholder, has successfully implemented and launched Joshu’s policy management platform. NARDAC sought a modern solution to effectively manage their new Community Solar programme, which aims to provide insurance for commercial and industrial solar PV sites in the United States. With the solar power industry experiencing […]
Technip Energies and Enerkem to manoeuvre biofuels and circular chemicals technology
Technip Energies and Enerkem have signed a memorandum of understanding for a collaboration aimed at expediting the adoption of Enerkem’s technology platform for biofuels and circular chemical products derived from non-recyclable waste materials. Enerkem is a specialist in developing and commercialising groundbreaking gasification technology that converts non-recyclable waste into biofuels, low-carbon fuels, and circular chemicals, […]
SolarEdge Technologies and Ajlan to push for solar energy in Saudi Arabia
The partnership between SolarEdge Technologies and Ajlan & Bros Holding, a prominent private sector conglomerate in the Middle East and North Africa region, will see the creation of a new entity based in Riyadh, Kingdom of Saudi Arabia, aimed at supporting the deployment of smart renewable energy solutions in the country. With its extensive experience […]
Standard Chartered partners with Ant Group to advance global sustainable development
Standard Chartered and Ant Group entered into an agreement to deepen their partnership in driving green and inclusive finance, global fund management and sustainable development. Both parties will jointly contribute to tackling global issues such as climate change and ocean protection. Since their first memorandum of understanding (MOU) signing in 2017, Standard Chartered and Ant […]
Panasonic in discussions with Subaru for EV battery deal
Japanese battery producer Panasonic Energy and carmaker Subaru have entered discussions to establish a mid- to long-term partnership for lithium-ion batteries to be used in electric vehicle (EV) production in east Japan. The collaboration aims to enable Panasonic to supply batteries to Subaru’s factories in the Gunma prefecture starting in the late 2020s. However, specific […]
Energy Absolute partners with Chinese firms to establish battery cell plants in Thailand
Energy Absolute is collaborating with two prominent Chinese battery manufacturers, Eve Energy and Sunwoda Mobility Energy Technology, to conduct a feasibility study on the establishment of battery cell plants in Thailand. Amorn Sapthaweekul, the deputy CEO of Energy Absolute, revealed that the company has signed memorandums of understanding (MoUs) with Eve and Sunwoda, leading battery […]
Schneider Electric and PG&E collaborates to diversify flexible grid resources
Schneider Electric and Pacific Gas and Electric Company have jointly announced the implementation of a distributed energy resource management system (DERMS) on Microsoft Azure. The primary goal of this system is to enhance grid reliability and accelerate the adoption of distributed energy resources (DER) like electric vehicles, energy storage, and rooftop solar. As extreme weather […]
Dyness aims to lead global energy storage technology, concludes B and C funding rounds
Dyness aims to lead global energy storage technology, concludes B and C funding rounds Dyness Digital Energy Technology has successfully completed B and C financing rounds. Youshan Capital and a CICC Capital-affiliated fund led the investments, with other renowned funds like L Catterton also participating. Dyness is at the forefront of developing the global energy […]
VEIR to modernise electric power grid, expanding renewable energy access
VEIR, a clean technology company, has successfully completed and energised a groundbreaking 100-foot overhead superconductor power line. The innovative cooling approach used in this power line will play a crucial role in meeting the growing global demand for new power transmission solutions. Simultaneously, the company has secured an additional $24.9 million in series A-2 funding […]
TEP Renewables to explore green hydrogen opportunities via merger
TEP Renewables and Accretion Energies have announced plans to merge with the transaction aiming to complete in the second half of this year. As per the announcement, both companies have entered into a preliminary agreement to explore the formation of a joint development and production firm for green hydrogen. Their focus will encompass the UK, […]
Walmart partners with Rubi Laboratories to turn carbon emissions into textiles
Walmart has joined forces with a California startup to explore innovative carbon dioxide removal technology within its supply chain. The retail giant aims to eventually transform this captured CO2 into yarn for clothing. The collaboration with Rubi Laboratories Inc. from San Leandro involves a pilot project to identify factories in Walmart’s supply chain where waste […]
Materials Nexus secures substantial capital to advance clean climate material discovery
Materials Nexus, a deep tech company specialising in AI and quantum mechanics, announced the successful completion of a £2 million seed funding round. The round was led by Ada Ventures, with participation from National Security specialists MD One Ventures, the University of Cambridge, and angel investors Andrew MacKay and Jasmin Thomas. Headquartered in the U.K., […]
reNIKOLA looking to raise funds to bolster renewable energy initiatives
reNIKOLA Holdings Sdn Bhd, a renewable energy company headquartered in Kuala Lumpur, plans to secure up to US$438 million (RM2 billion) to fund its pipeline of projects in the next three years. These projects include solar initiatives in Southeast Asia. Presently, reNIKOLA operates large-scale solar power plants across Peninsular Malaysia and aims to expand its […]
Exploring Carbon-Neutral Proton Batteries as an Alternative to Lithium-Ion?
A team of engineers based in Melbourne has positioned themselves at the forefront of the race to develop an affordable, environmentally safe battery that eliminates landfill waste. RMIT University‘s researchers recently announced a two-year research partnership with Italian automotive component firm Eldor Corporation to accelerate the advancement of this innovation. Lead researcher Professor John Andrews […]
Drax gets approval for groundbreaking £500 million hydro plant
Drax Group, a leading player in renewable energy, has received the green light from the Scottish Government for its pioneering project to construct an underground pumped storage hydro plant at the existing Cruachan facility in Argyll. This marks a significant step in Scotland’s pursuit of achieving net zero emissions, as the implementation of long-duration storage […]
Solarvest to install largest solar PV system at Dexcom’s Batu Kawan facility
Solarvest Holdings Berhad, an expert in clean energy, has taken a significant step towards sustainability by securing a momentous contract with Dexcom Malaysia Sdn Bhd. Dexcom, a subsidiary of the US-based DexCom, a leading provider of continuous glucose monitoring systems, is venturing beyond US borders for the first time with this overseas facility. The contract […]
