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Siemens’ Russelectric adds EV charging to Massachusetts renewable microgrid

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Russelectric, a manufacturer of distributed energy and microgrid control systems for mission-critical commercial facilities that was acquired by Siemens in 2018, has added electrical vehicle charging capabilities at its Hingham, Massachusetts, facility. These Level 2 charging stations have a capacity to charge electric vehicles at up to 7.2

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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. 1 Equinor.

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Audi of America and Arcadia offer renewable energy subscription with e-tron or e-tron Sportback lease or purchase

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Arcadia’s technology matches home energy consumption with renewable energy sources from a variety of US wind and solar projects using renewable energy certificates, all without any installation or disruptions to their utility service.

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EIA: natural gas-fired reciprocating engines are being deployed more to balance renewables

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As of November 2018, the capacity of the average reciprocating engine generator was 4 megawatts (MW), compared with 56 MW for natural gas combustion turbines and 166 MW for combined-cycle units. Several of these engines are typically installed at one generation facility. MW capacity each that can achieve full output in five minutes.

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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billion in 2023, as countries are increasing investments for improving their grid infrastructure and improving the market structure to attract foreign investments. The EMEA battery energy storage market registered a market value of approximately $1.73bn in 2018 and it accounted for 26% of the global market.

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). Global cumulative energy storage installations. Source: BloombergNEF.