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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel.

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Nevada put big battery energy storage where a coal plant used to be

Baua Electric

Nevada utility NV Energy’s largest battery energy storage system sits on a former coal-fired power plant site and will save customers a lot of money. Energy Vault will maintain the system. It’s a two-hour energy storage system that stores and dispatches excess wind and solar power.

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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.

Asia 52
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
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TransAlta to use Tesla stationary batteries in Alberta’s first large-scale commercial energy storage project

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TransAlta Corporation has been awarded $250,000 from Alberta Innovates - Energy & Environment Solutions (AI-EES) to help launch Alberta’s first large-scale commercial energy storage project. Home and business energy storage is just starting to gain momentum in the U.S, AI-EES received more than 50 proposals.

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BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

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Advanced biofuels, concentrated solar power (CSP), and solar photovoltaic power (PV) will see accelerating adoption and growth and are on track to change the global energy mix far earlier than is often assumed, according to a new report from The Boston Consulting Group (BCG). Click to enlarge. Click to enlarge.

Solar 295
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GlobalData: hydrogen to become game changer as large-scale source of cleaner power

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GlobalData’s latest report, ‘ Thematic Research: Hydrogen ’, highlights that countries worldwide are striving to accelerate the development and use of hydrogen technology to tackle environmental concerns and enhance energy security. The availability of these sources is not always commensurate with demand for power.

Hydrogen 199