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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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The US Department of Energy (DOE) closed on a $504.4-million million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014.

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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. barrel per ton of feedstock.

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How Automotive Dealerships Can Save Money with Battery Energy Storage

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As dealerships embrace electrification to maintain competitiveness , it’s crucial to also explore the benefits of integrating battery energy storage systems (BESS). Discover key insights into incorporating battery storage for your dealership’s sustainable energy storage. What are battery energy storage systems?

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Rolls-Royce mtu Kinetic PowerPack approved for renewable diesel

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Rolls-Royce has approved its mtu Kinetic PowerPacks, based on the mtu Series 4000 and 1600 diesel engines, for use with renewable diesel (HVO/Hydrogenated Vegetable Oil) and the other synthetic diesel fuels of the EN15940 standard. Part of the energy stored in the flywheel is used to drive the generator that begins producing electrical power.

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Volvo partnership will recycle EV batteries into energy storage

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One such company includes Volvo, which has announced a partnership to recycle old EV batteries into new energy storage systems. Volvo is partnering with battery recycler Connected Energy to give EV batteries a second life as battery energy storage systems (BESS), as detailed in a press release on Wednesday.

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Cornell team suggests engineered bacteria could address current limitations of energy storage technologies

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Raising the penetration of renewable —an intermittent—sources of energy into the grid will require large scale electrical energy storage and retrieval. However, at present, no existing technology provides such storage and retrieval at a low financial and environmental cost.

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Tesla leases huge space in Shanghai for store and service center

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The new site is expected to open in mid-2024 in Xin Park, and the news comes after Tesla last year announced plans to close select stores in China in an attempt to restrategize. Currently, Tesla has around 300 stores across China. Tesla exec shares insights on Giga Shanghai’s 2M production milestone What are your thoughts?

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