Scotland: Foresight Group invests in 1.6GWh pumped …
Asset manager Foresight Group has invested in a co-located 1.6GWh pumped hydro energy storage and wind project in Scotland. The project, at the disused 1,547-acre Glenmuckloch opencast …
£30 million government boost to capture and store more renewable energy …
12 April 2023. UK projects awarded £30 million government funding to develop new technologies to capture and store energy for longer. storing energy will be crucial as the UK transitions towards ...
ROUNDUP: Honeywell C&I launch, Wärtsilä fire …
Iberdrola invests in thermal energy storage startup Iberdrola has invested €3 million (US$3.26 million) in a stake in Kyoto Group, a Norway-headquartered thermal energy storage startup. Kyoto …
US government launches US$350 million long-duration energy storage demonstration funding
Long-duration energy storage (LDES) projects in the US will be able to compete for a share of "nearly US$350 million" of government funding. US Secretary of Energy Jennifer Granholm visits zinc hybrid cathode battery storage manufacturer Eos Energy Enterprises.
The Turning Tide of Energy Storage: A Global Opportunity and …
Even with near-term headwinds, cumulative global energy storage installations are projected to be well in excess of 1 terawatt hour (TWh) by 2030. In this report, Morgan …
Marubeni Invests in Estonian Next Generation Energy …
Ultracapacitors are used as energy storage devices in various industries including automotive, transportation, construction machinery, electric power, and industrial machinery. Their unique and …
Government must act now on energy storage or risk energy …
Wednesday 13 March 2024 "In light of the huge economic damage the recent energy crisis has caused, it is distressing to see that the Government lacks a clear plan for energy supply risks and indeed is still deliberating over investment in energy storage to prevent
Biden-Harris Administration Announces $3.5 Billion for Largest Ever Investment in America''s Electric Grid, Deploying More Clean Energy…
LOCUST GROVE, Georgia — As part of President Biden''s Investing in America agenda, a key pillar of Bidenomics, White House Infrastructure Implementation Coordinator Mitch Landrieu and Secretary of Energy Jennifer M. Granholm today announced $3.46 billion for 58 projects across 44 states to strengthen electric grid …
Western Australia makes ''extraordinary investment'' in transition from coal
Image: Wikimedia user nachoman-au. Western Australia will retire its two state-owned coal power plants by 2030 and plans an "orderly transition" to reliance on renewable energy and energy storage. The state government said the continued growth of renewable energy – and rooftop solar in particular – is driving down the economic ...
CPP Investments invests in Hydrostor to support the global expansion of long-duration energy storage
April 19, 2022 (Toronto, Ontario) – Hydrostor Inc. ("Hydrostor"), a leading long-duration energy storage solution provider, today announced an investment commitment of US$25 million from Canada Pension Plan Investment Board ("CPP Investments").
Energy storage
After solid growth in 2022, battery energy storage investment is expected to hit another record high and exceed USD 35 billion in 2023, based on the existing pipeline of projects …
Government unveils investment for energy technologies of the future
£375 million package of support for innovative energy technologies that will power British homes and businesses for decades to come. The government has today (Friday 8 April 2022) launched a wide ...
Australia invests AU$100 million in coal-replacement Super Battery
Australia''s government has made a AU$100 million (US$66.35 million) investment into the Waratah Super Battery, part of a total AU$500 million capital raise by the project''s developer. The flagship battery energy storage system (BESS) project in New South Wales (NSW) is aimed at helping ease demands on the grid as Eraring, a …
Energy storage backed with over £32 million government funding
28 November 2022. £32.9 million government funding awarded to projects across the UK to develop new energy storage technologies, such as thermal batteries and liquid flow batteries. energy ...
Department of Energy
WASHINGTON, D.C. — As part of President Biden''s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Energy (DOE) today …
Dutch government invests up to €412 million in solar power in …
The Dutch government will invest up to €412 million into "circular solar panels" under its National ... Energy Storage Summit Central Eastern Europe 2024 Solar Media Events September 24 ...
Battery storage: Brookfield''s X-ELIO invests in German Eco Stor
Brookfield-owned X-ELIO has partnered with Å Energi to invest in German battery storage developer and system integrator Eco Stor. A render of a 300MW/600MWh BESS project that Eco Stor is planning in Germany. Image: Eco Stor. Brookfield-owned renewable energy developer and operator X-ELIO has partnered with another …
Ørsted invests in battery storage with Hornsea 3 wind farm
Energy company Ørsted has announced its investment in a battery energy storage system to enhance stability in the UK energy market. The system, co-located with Ørsted''s Hornsea 3 Offshore Wind ...
Canadian govt invests USD 7.5m in solar, energy storage tech
The Canadian government is investing CAD 9.5 million (USD 7.5m/EUR 6.3m) in two Toronto companies for the development of solar power and energy storage technologies. The investment will go towards products by …
Why we''re investing $15 billion in a lower-carbon future
Over the next six years, ExxonMobil plans to invest more than $15 billion on lower greenhouse gas emission initiatives. This significant increase in spending will further accelerate efforts to reduce greenhouse gas emissions from our operated facilities. To that point, we are on track to meet our 2025 emission-intensity reduction goals by the ...
Grenergy plans ''world''s largest'' 4.1GWh Chile battery storage
Spain-based developer and IPP Grenergy has detailed its investment plans for 2023-2026, totalling US$2.6 billion including what it claimed is the ''largest BESS in the world'' in Chile. According to its Strategic Plan 2023-2026, the IPP will commit US$2.6 billion to these expansions, with US$1.5 billion allocated to solar PV and US$800 ...
DOE Invests $800,000 for Workforce Development Opportunities in Energy Communities Across the United States
WASHINGTON, D.C. – The U.S. Department of Energy''s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced $800,000 in federal funding for eight local government and non-profit …
Indian government-backed JV invests US$12m in Ontario battery project
It forms part of a 50MW energy storage procurement held in 2015 by Ontario''s Independent Electricity System Operator (IESO). Leclanche is thought to be delivering 53MWh of batteries and systems to Deltro Ontario IESO projects in total.
2020 China Energy Storage Policy Review: Entering a New …
In 2020, under the direction of the National Development and Reform Commission to promote energy storage and lay a solid foundation for industrial …
Sol Systems invests in solar and energy storage projects with …
Image: Sol Systems. Solar energy company Sol Systems has announced a renewables procurement and investment strategy with Google to develop new PV projects in the US. The collaboration includes ...
Governments are continuing to push investment into clean energy amid the global energy crisis
The amount of money allocated by governments to support clean energy investment since 2020 has risen to USD 1.34 trillion, according to the latest update of the IEA''s Government Energy Spending Tracker.
Scottish Government invests £8.7m in green infrastructure projects
Built Environment Energy Saving Infrastructure Policy Storage Water & Waste. Scottish Government invests £8.7m in green infrastructure projects. One of the projects will be a district heat ...
Oneida – Canadian Battery Energy Storage
Energy storage will allow the storage of baseload generation like nuclear and hydro, while also supporting the integration of intermittent resources like wind and solar. The project will benefit from a 20-year fixed price contract for revenue payments with the IESO in Ontario for the majority of the capacity from the project.
Orsted Invests In Tesla-Powered Battery Storage In UK: Details
Orsted invests in battery energy storage system to stabilize UK energy supply and reduce price volatility. Tesla''s system will be installed at Hornsea 3 Wind Farm. Zinger Key Points Ørsted ...
