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Energy Storage Project

Long-Duration Energy Storage Projects Attract Over $58B in Investment in Last 3 Years

This could lead to 57GWs of energy storage capacity, Wood Mackenzie reported.

Wind Farm

Australian Government to Underwrite Renewable Energy Capacity

The Australian government has agreed to underwrite new wind and solar farms backed by energy storage, in hopes of unleashing investment at least A$10 billion ($…

Net Zero Emission

Vanguard Quits Net Zero Climate Effort, Citing Need for Independence

Vanguard Group Inc is pulling out of a major investment-industry initiative on tackling climate change, the world's biggest mutual fund manager said on Wednesda…

Gas Turbine

GE Releases New Option to Cut Emissions on Its Mobile Gas Turbines

GE Gas Power announced on Dec. 6 that it has deployed an “innovative technical solution” on four TM2500 aeroderivative gas turbines at the California Departme…

Net Zero Emission

Global Renewable Power Capacity Growth Set to Double by 2027, IEA Says

Energy crisis a 'historical turning point' towards cleaner energy, IEA's executive director Fatih Birol says.

Solar Power Plant

Adani Unit Commissions 450MW Wind-Solar Hybrid Plant

It now has the largest operational hybrid capacity globally of 1,440MW.

Energy Storage Battery

Balance Power Adds More Capacity to UK’s Battery Storage Pipeline

Energy developer Balance Power has announced the approval of its latest 49.5MW battery storage project in St Austell, Cornwall, UK.

EDF Sold Excess Power on Sunday, Forced to Buy Back on Intraday Market

Nuclear operator EDF said in an online note that it accidentally sold 1.5 gigawatts (GW) of excess power on the day-ahead market on Sunday, requiring the compan…

United Kingdom

UK Power Networks Launches Biggest-Ever Flexibility Tender

UKPN has launched a Flexibility Tender that could potentially unlock more than 500MW of capacity, equivalent to 300,000 homes over the next three years.

Oil Price

Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap

The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…

EU

France’s €13.5bn Scheme to Compensate Energy-Intensive Firms Granted EU Approval

The scheme will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs incurred between 2021 and 2…

Energy Storage Battery

China May Need 4,300GW Storage Capacity by 2050: Report

This is to help back up renewables’ intermittency.

Solar Power Plant

Dubai’s Concentrated Solar Power Project Starts Supplying Electricity to the Grid

It is the largest concentrated solar power project in the world in terms of installed capacity, investment size, and molten salt reserve heat.

Crude Oil

Nigeria to End Imports of Petroleum Products in 2023

Nigeria—a major petroleum products importer—expects to stop importing petroleum products starting in the third quarter of next year, Nigeria’s oil minister T…

Electric Car

UK Approves $26.6 Billion Power Grid Investment to Expand Renewable Capacity

Six electricity distribution network companies, covering fourteen local networks in the UK, will have $26.6 billion (£22.2 billion) to invest by 2028 to make t…