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US DOE releases Grid Energy Storage report

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The US Department of Energy (DOE) released its Grid Energy Storage report to the members of the Senate Energy and Natural Resources Committee. of total electric production capacity) of grid storage, 95% of which is pumped storage hydro. Europe and Japan have notably higher fractions of grid storage.

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Rio Tinto to invest $1 billion over 5 years to help meet new climate change targets

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Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. Rio Tinto introduced its first climate change target in 2008 and beat its most recent target.

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Qatar invests $125M in energy storage company Fluence

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Fluence, the global energy storage solutions joint venture between Siemens and AES, announced that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction.

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California PUC requires SCE to procure at least 50 MW of new electrical capacity in LA Basin from energy storage systems

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Among the requirements of the decision is that at least 50 MW must be procured from energy storage resources. and at least 150 MW through preferred resources (energy efficiency, demand response, and distributed generation).

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Ricardo Forms Ship Efficiency Energy Storage Assessment Consortium; Believes Operational Fuel Consumption Reductions of 15-25% Are Possible

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Ricardo has formed the Ship Efficiency & Energy Storage Assessment consortium (SeEsA). The range of energy storage solutions will include conventional and state-of-the art battery technologies and ultracapacitors, flywheel-based systems, thermal and pressure based storage, fuel reformers and liquid nitrogen (LN 2 ) systems.

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

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The technology group Wärtsilä has issued a report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, describing the environmental and economic opportunities for states that decarbonize rapidly. As utilities do this, the mindset of energy leaders will change.

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KIST researchers develop promising solid electrolyte for solid-state batteries

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Synthesis of superionic sulfide materials through rapid process is very likely to be commercialized, and can be widely used in electric vehicles and energy storage system as a solid electrolyte in the future. 9b04597.

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