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Rimac Technology enters stationary energy storage systems market with launch of Rimac Energy

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Rimac Technology is entering the stationary Energy Storage Systems (ESS) market with the launch of Rimac Energy. Additional technological benefits include improved cycle life, built-in redundancy for increased availability, as well as competitive material and installation cost.

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FREYR to collaborate with Honeywell on battery manufacturing, deploying energy storage solutions

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As part of the collaboration, Honeywell will purchase 19 GWh of battery cells produced by FREYR from 2023 through 2030 for a multitude of energy storage systems applications. Battery storage will play a crucial role as organizations transition to clean power generation. —Tom Einar Jensen, FREYR’s Chief Executive Officer.

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How Automotive Dealerships Can Save Money with Battery Energy Storage

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federal government is actively facilitating EV adoption, aiming to simplify the purchasing process for consumers , encourage companies to electrify their fleets , and assist businesses in installing EV charging stations. Installing a BESS on-site helps alleviate this grid demand for EV charging.

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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. and Hitachi, Ltd.

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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.

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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio. 1 Equinor.

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). Global cumulative energy storage installations. Source: BloombergNEF.