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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). billion raised—up 63% on the previous year.

Financing 243
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021.

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Hynfra and Amarenco MENA form strategic partnership to produce hydrogen and ammonia in MENA region

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Poland-based Hynfra has signed a framework cooperation agreement with Amarenco MENA, a major developer of renewable energy projects in the Middle East and North Africa and part of Amarenco Group. The area has high solar radiation levels, making it an ideal location for large-scale solar energy production.

Hydrogen 150
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sonnen accelerates US market efforts with solar-plus-storage technology package

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sonnen, the European market leader for smart energy storage systems, announced a partnership with SolarWorld, the largest crystalline-silicon solar manufacturer in the US and PetersenDean, the nation’s largest residential roofing company with more than a million roofs under its belt.

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BLUETTI expands its Solar+ program to three more states

Baua Electric

Following a successful launch in Texas last year, energy storage leader BLUETTI is expanding its Solar+ program to California, Massachusetts, and North Carolina. This is made possible by harnessing free solar energy and optimizing energy usage, with peak load shifting features in Time of Use areas.”

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General Compression and ConocoPhillips to Develop Compressed Air Energy Storage Projects

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a Massachusetts company developing an innovative compressed air energy storage system, has signed an agreement with ConocoPhillips to develop compressed air energy storage (CAES) projects, beginning with a pilot project in Texas, using General Compression’s Advanced Energy Storage (GCAES) technology.

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Heating Buildings With Solar Energy Stored in Sand

Cars That Think

It is a daunting question that a startup called Polar Night Energy, in the small and chilly nation of Finland (Figure 1), is attempting to answer. These initiatives have largely focused on renewable electric power generation, distribution, and storage. Sand provides four times the energy storage capacity of water,” Eronen says.

Store 86