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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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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.

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Tesla Megapack batteries are powering Britain’s largest energy storage project

Teslarati

The construction of the United Kingdom’s largest energy storage project has begun, and it is expected to be a true difference-maker when the supply of renewables like solar or wind is low. This effectively made the giant batteries a perfect fit for Britain’s energy storage needs. .

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Intermountain Power Agency orders MHPS JAC Gas Turbine technology for renewable-hydrogen energy hub, operated by LA DWP

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This award marks the first Advanced Class Gas Turbines in the industry specifically designed and purchased as part of a comprehensive plan to sequentially transition from coal, to natural gas and finally to renewable hydrogen fuel, and creates a roadmap for the global industry to follow. Earlier post.). and Hitachi, Ltd.

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Tesla Megapack project breaks ground, Arizona’s largest project yet

Teslarati

A new Tesla Megapack project has broken ground in Arizona, and when it comes online in 2024, it will be the state’s largest energy storage system. Now, a new Tesla Megapack energy storage system is set to do just that in Arizona. What do you think of the article?

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MIT researchers propose subsea version of pumped hydro for renewable energy storage

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Researchers at MIT are proposing using a variation on pumped hydroelectric systems for storage of electricity produced by offshore wind farms. The key to this Ocean Renewable Energy Storage (ORES) system is the placement of 30-meter-diameter hollow concrete spheres on the seafloor under the wind turbines. Slocum, A.H.;

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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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Investment in new large- and small-scale solar projects rose to a record-breaking $120 billion, up 33% from the first half of 2021. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. The 2Q figure, at $3.9

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