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European Electricity Prices Continue Upward Trajectory
Microgrid
13-10-2023
PG&E to Launch $79M Microgrid Incentive Program
(Freemont Fire Station Microgrid. Credit: City of Freemont, California.)Pacific Gas and Electric Company (PG&E) today announced the launch of its Microgrid Incentive Program (MIP) and handbook, providing funding, expertise, and guidance for building c
Electricity Transmission
13-10-2023
Russia's Interrao Says China Agrees to Higher Electricity Price
Russian energy group InterRAO (IRAO.MM) has agreed with China that Beijing will pay a higher price for its electricity to match a new export duty imposed by Moscow, InterRAO board member Alexandra Panina said on Thursday.She said supplies would return to
Microgrid
11-10-2023
CEC Grants $1.91m to Nuvve Holding for Vehicle-To-Microgrid Project
Nuvve Holding Corp., a vehicle-to-grid technology and deployment company, has received a proposed grant worth $1.91 million for its Resilient Energy Solutions for Schools (RESCHOOL) project from the California Energy Commission (CEC).Granted under CEC&
Electricity Trade
09-10-2023
NLC India Wins Contract for Power Supply to Rajasthan at Rs 2.64 per Unit
"NLCIL has been successful bidder for the total capacity of 810 MW for tariff of Rs 2.64 per unit," NLCIL said in a filing to BSE. (File image)State-owned firm NLC India Ltd (NLCIL) on Monday said it has emerged as the successful bidder for supp
Electricity Transmission
09-10-2023
Norway Overtakes France as Biggest Power Exporter Into GB
In the third quarter, Britain saw low demand, fluctuating wholesale prices and a sharp dip in power imports, with Norway surpassing France to become the biggest power exporter into GB.These were some of the standout highlights of a new report on the GB Q3
Electricity Trade
08-10-2023
Fortum and Hydro Energi as Sign a Long-Term Power Purchase Agreement
Fortum and the Norwegian aluminum and renewable energy company Hydro Energi AS have signed a 13-year fixed price Power Purchase Agreement (PPA) for the delivery of 0.44 TWh of electricity per annum in Sweden. The power is sourced from Fortum's ele
Microgrid
08-10-2023
South Africa's First Virtual Renewable Electricity Transfer Model to Go Live Next Year
Sun rises behind the cooling towers of Kendal Power Station, a coal-fired station of South African utility Eskom, as the company's ageing coal-fired plants cause frequent power outages, near Witbank, in the Mpumalanga province, South Africa Januar
Electricity Transmission
08-10-2023
Israel to Cut off Electricity Supply to Gaza - Energy Minister
The Israeli government will cut off electricity supplies to the Gaza Strip.Israel provides about two-thirds of the Gaza Strip's electricity needs, the Israeli newspaper Haaretz reports.The remaining third is produced at a power plant in Gaza.Gaza
Microgrid
07-10-2023
DOE Grant to Accelerate Ca Children's Hospital Microgrid
Artist's rendering of the future solar field on Valley Children's Hospital campus in Madera (Credit: Valley Children's Hospital)Valley Children’s Healthcare launched a plan earlier this year to design, build, and implemen
Power Construction
06-10-2023
Transalta Wraps up $1BN Acquisition of Transalta Renewables
Prior to the deal announced in July 2023, TransAlta and its affiliates collectively held nearly 160 million shares of TransAlta Renewables, representing 60.1% of the issued and outstanding shares of the Canadian renewable IPPTransAlta completes $1bn takeo
Nuclear Power Plant (NPP)
06-10-2023
Finnish Grid and Nuclear Plant in Dispute Over Power Backup
Finland's energy authority says it will rule "as soon as possible" on a dispute between the owners of Europe's largest nuclear reactor and national grid operator Fingrid over the cost of power backup for the 1.6 gigawatt (GW) rea
Oil & Gas Trade
06-10-2023
MET Group Says New French Gas and Power Contracts Amount to 1.5 TWh/Year
Switzerland-based energy trader MET group said on Thursday its new portfolio in France following the takeover of Antargaz's gas and power deliveries would account for total annual consumption of more than 1.5 terawatt hours (TWh).MET France, which
Power Construction
05-10-2023
Facing Climate Change, Asean Starts Cooperating on Regional Power-Sharing Grid
FILE - Solar panels work near wind turbines in Quy Non, Vietnam on June 11, 2023.The increasingly urgent threat posed by climate change is pushing ASEAN nations to start cooperating on a 20-year-old plan to develop a regional power-sharing grid.The goal i
Power Construction
04-10-2023
AI-Powered Electricity Demand Forecasting Company Raises $20M
(Photo by American Public Power Association on Unsplash)Amperon Holdings, a provider of AI-powered electricity forecasts, announced it raised $20 million in Series B funding led by Energize Capital.Other participants in this round include the D. E. Shaw g
Coal Production
28-09-2023
China moves to modernise power grid, but coal looks set to stay
Workers work on a set of solar panels on the rooftop of the Nanjing South Railway Station Nanjing, Jiangsu province March 23, 2011. REUTERS/Sean Yong/File photo Acquire Licensing RightsChina's plans to create a unified national power market should
Microgrid
28-09-2023
Microgrid With Long-Duration Energy Storage to Help Power California Children's Hospital
Redflow Limited will be the battery provider for a 34.4 MWh long-duration energy storage and solar microgrid to power a hospital in California.Valley Children’s Hospital in Madera, California aims to replace diesel generators with cleaner source
Microgrid
28-09-2023
$12 Trillion to Be Spent on Renewables and Grid in US and Canada by 2050, Report Says
Federal and household spending on energy in the U.S. and Canada will drop sharply as the two countries reduce their reliance on fossil fuels, according to DNV’s Energy Transition Outlook North America.The new report explores the potential energy
Power Construction
28-09-2023
Greece, Saudi Arabia to Look At Linking Their Power Grids
Greece and Saudi Arabia agreed on Wednesday to set up a jointly-owned company that will look at linking their power grids, taking the first step in their plan to supply Europe with cheaper green energy, the Greek energy ministry said.Greece's IPTO
Renewable Energy
27-09-2023
$12 Trillion to Be Spent on Renewables and Grid Infrastructure in the U.S and Canada by 2050
DNV publishes Energy Transition Outlook North America. The report covers the energy future of the U.S. and Canada through to 2050Policies are triggering massive investment into new technologies, accelerating the energy transition in North AmericaDomestic
Power Construction
27-09-2023
ISA Cteep to Invest $3 Bln in Brazil Power Transmission Projects by 2028
Brazilian power company ISA Cteep (TRPL4.SA) is set to invest more than 15 billion reais ($3 billion) in electricity transmission projects in the country by 2028, chief executive Rui Chammas said in a meeting with investors on Tuesday.ISA Cteep, which is
Microgrid
26-09-2023
US Grid-Scale Energy Storage Installations Hit New Quarterly Record - Report
The U.S. grid-scale energy storage installations hit a new record in the second quarter of 2023, a report by Wood Mackenzie and the American Clean Power Association (ACP) said.Grid-scale energy storage is essential in helping balance and regulate energy s
Substation
26-09-2023
Tennet Signs Framework Contract Worth $2 Bln for German, Dutch Substations
Dutch grid operator TenneT (IPO-TTH.AS) said on Monday that it had signed a framework agreement worth 1.9 billion euros ($2 billion) for the supply of 110 compensation coils and 160 power transformers for Germany and the Netherlands.The agreement, which h
Energy Storage Project
25-09-2023
Biden-Harris Administration Announces $325 Million for Long-Duration Energy Storage Projects to Increase Grid Resilience and Protect America's Communities
As part of President Biden’s Investing in America agenda,a key pillar of Bidenomics, the U.S. Department of Energy (DOE) today announced up to $325 million for 15 projects across 17 states and one tribal nation to accelerate the development of l
Power Construction
25-09-2023
ADB Approves $200M Loan for Uzbekistan's Power Distribution System
It aims to digitalise 26 distribution substations in the country.The Asian Development Bank (ADB) has given the green light for a $200m loan that will support the modernisation and digitalisation of Uzbkeistan’s power distribution system which w
Microgrid
23-09-2023
Zambia to Expand Energy Access With 1,500 Mini-Grids
In a virtual address to the Global Leadership Council of the Rockefeller Foundation, President Hakainde Hichilema unveiled an ambitious plan to revolutionize Zambia’s energy landscape and provide electricity to communities living off the nationa
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