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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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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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Wind project financing was up 16% from 1H 2021, at $84 billion. 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. It also invested $58 billion in new wind projects, up 107% year-on-year.

Financing 243
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BNEF: global investment in low-carbon energy transition hit $755B in 2021; up 27% from 2020; electrified transport grew the fastest

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This figure includes investment in projects—such as renewables, storage, charging infrastructure, hydrogen production, nuclear, recycling and CCS—as well as end-user purchases of low-carbon energy devices, such as small-scale solar systems, heat pumps and zero-emission vehicles. from the year prior.

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Skeleton Technologies receives US patent for nanoporous carbon powder supercapacitor material; higher energy and power densities and lower cost

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Skeleton Technologies , an energy-storage start-up located in Tartu, Estonia, was recently awarded a US patent ( #7,803,345 ) on its nanoporous carbon powder supercapacitor material. The patented material has also shown superior characteristics in molecular sieving, hydrogen storage and in electroactive devices, Skeleton says.

Carbon 353
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Audi unveils e-gas project: synthetic methane from the methanation of green hydrogen; series production of CNG models in 2013 powered by e-gas

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The e-gas project consists of two main components: Audi is contributing to the construction of offshore North Sea wind turbines which will generate clean power,that is then fed into the public power grid. If necessary, this energy can flow from the gas network back to the power grid at any time. Rated at 3.6

Gas 370
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Li-ion maker Electrovaya plans acquisition of plant with 0.5 GWh capacity

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This is a transformational project for Electrovaya as it instantly brings manufacturing capacity to meet demand for the company’s energy storage products. Gigawatt hour (GWh) nominal energy storage capacity. Financing is planned through debt and grants.

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DOE issues draft loan guarantee solicitation for up to $12.6B for advanced nuclear energy projects

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The US Department of Energy (DOE) has issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for Advanced Nuclear Energy Projects. Currently, LPO supports a diverse portfolio of more than $30 billion in loans, loan guarantees, and commitments, supporting more than 30 projects nationwide.

Energy 252