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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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Global cumulative energy storage installations. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar. This is a new era of dispatchable renewables, based on new contract structures between developer and grid. Source: BloombergNEF.

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Hitachi Energy invests a further $4.5B to expand the electricity grid

Baua Electric

billion by 2027 to strengthen the electricity grid and accelerate the clean energy transition. Global tech company Hitachi Energy’s order backlog has more than tripled to over $30 billion since 2020. 3 interconnection between Italy and France. billion investment announced in April to ramp up global transformer production.

Grid 52
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Wind-to-Hydrogen Tech Goes to Sea

Cars That Think

Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables. Some of the wind farms instead sit in clusters more than 100 kilometers out at sea.

Wind 89
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Rystad Energy expects strong growth in hydrogen pipelines through 2035

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Globally, Europe is at the forefront of efforts to produce and import green hydrogen and its attention is now turning to building the necessary infrastructure to get it to demand centers. Europe, with its extensive gas grid, is well placed to make the jump. France, Spain, and Germany. Repurposing natural gas pipelines.

Hydrogen 531
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Ballard and HDF Energy sign development agreement for multi-megawatt fuel cell systems

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Ballard Power Systems has signed a product development agreement with Hydrogene de France ( HDF Energy ), an independent power producer dedicated to renewable power generation, for the development and integration of a multi-megawatt (MW) scale fuel cell system into HDF Energy’s Renewstable power plant designed for stationary power applications.

Energy 195
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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. 2 Total SA.

Oil 418
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Pew: global clean energy investment reached record $243B in 2010

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Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. billion in clean energy financing last year, improving its global standing to fourth, from eighth in 2009. Italy is the first country to achieve grid parity, or cost-competitiveness, for solar energy.

2010 236