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Energy Storage Project

US Long-Duration Energy Storage Demos to Receive $350M Funding

Projects that are capable of delivering electricity for 10 to 24 hours or longer will be supported.

Hydrogen Project

Masdar-Led Consortium to Develop 2GW Green Hydrogen Project in Egypt

The first phase of the project is expected to operate by 2026.

United Arab Emirates

Jordan, Israel, UAE Tie Up to Advance Project Prosperity

The countries seek to develop clean energy and sustainable water desalination.

Electric Car

GM EV Unit BrightDrop Expects $1 Billion in 2023 Revenue, Mass Production of All-Electric Delivery Vans to Start in December

BrightDrop, GM’s EV subsidiary, is forecasting $1 billion in revenue for 2023, its first revenue disclosure which came during GM’s annual investor day on Thur…

Global Commission Formed to Accelerate Approvals of Renewables, Green Hydrogen

It is expected to present its recommendations to the UN General Assembly in September 2023.

G7 Hydrogen Consumption Could Grow by up to 7 Times

IRENA asked the G7 countries to lead the market.

Ammonia

Power Facilities to Potentially Use 100 MT of Low-Carbon Ammonia as Feedstock by 2050

Conventional market low-carbon demand expected to reach 21 Mt globally by 2030, but cost remains challenging.

Electric Car

InoBat Inks Declaration for EV Battery Gigafactory in Serbia

InoBat Auto, European developer of Electric Vehicle (EV) batteries, has signed protocols and declarations of intent with the Government of the Republic of Serbi…

Electrical Grid Health Key Tool to Decarbonise Cities – WEF

The World Economic Forum (WEF), in partnership with four global organisations, is launching the Toolbox of Solutions to drive urban decarbonisation.

EU

COP27: EU and Egypt Unite Behind Green Hydrogen and a Just Transition

The EU and Egypt have signed a cooperation agreement to develop renewable hydrogen and prepare the groundwork for a just transition in Egypt.

Wind Turbine

Timber Turbine Blades Gain Momentum With New Partnership

Stora Enso and Voodin Blade Technology GmbH are teaming up to develop sustainable wind turbine blades from wood.

Solar PV to Overtake Onshore Wind in Latin America From 2023

Solar leads as lowest cost technology to 2050, superseding all other power generation technologies in region

Net Zero Emission

Turkey Needs EUR 9.6 Billion Annually to Achieve Climate Goals

Turkey will need around EUR 9.6 billion of investments annually to raise the capacity of solar, wind, and storage technologies and reduce fossil fuel consumptio…

Energy Transition

Just Transition Support Platform for Developing Countries Launched

This forms part of the ADB’s commitment to ensure build capacity of developing countries.

Cambodia

Cambodia Connects 100-Mw Solar Park Project to National Grid

The project was accomplished in partnership with the ADB.