Billionaire Andrew Forrest agreed to acquire Partners Group Holding AG-backed CWP Renewables Pty for about a A$4 billion ($2.7 billion) valuation, extending a rush of deal-making focused on Australiaโs accelerating shift to cleaner energy.
Special purpose acquisition companies (SPACs) are having a moment in the sun in the US and the UK is considering how best to secure a piece of the action.
This year will be busy for Australian renewable energy players with an estimated 5.3 gigawatts of utility PV, wind and battery projects expected to finish commissioning, revealed Rystad Energy.
African states trying to secure domestic energy infrastructure have tended to struggle with creditworthiness, which makes project financing more difficult.
My recent Energy Voice article comparing Battery Electric Vehicles (BEV) with Hydrogen Fuel Cell Electric Vehicles (FCEV) generated some interest. To my mind the BEV has clear benefits from an energy efficiency standpoint, as an FCEV requires twice the energy of a BEV.
By decarbonising industrial and domestic heating, I am convinced that hydrogen has a significant role towards achieving net zero. However, the role of hydrogen in the passenger car sector is much less clear. I find it difficult to see how a hydrogen powered fuel cell electric vehicle (FCEV) can compete with a battery electric vehicle (BEV). That conclusion was reinforced by two recent reports from BloombergNEF and Volkswagen.
Statkraft AS joined with Statera Energy to build 1 gigawatt of storage in the U.K. with a backup generator fueled by natural gas, part of an effort to profit from the nationโs need to balance its power grid.
We Scots are often guilty of failing to enunciate our Ts. If you ever hear us referring to a โbah-eryโ, weโre talking about energy storage systems.
A ยฃ28 million cash injection will help deliver a "world-class" electric car battery development centre - putting the UK at the forefront of the industry, the Government has said.
Total is tying up with Chinaโs Tianneng Group to build batteries, moving into mass production of electricity storage technology after snapping up Saft Groupe SA in 2016.
Conamix, an Ithaca, New York-based battery-technology startup, raised $2 million from investors including an Exelon Corp.-backed company focused on innovations in energy storage.
The rise of electric vehicles and the quest to find solutions to energy storage for the renewables industry have created a breeding ground for tech experts to develop battery technologies.
The launch of a new battery for homes that can store solar power for use in the evenings is โanother nail in the coffin of conventional utilitiesโ, it has been claimed.
Tesla announced it was launching the wall-mounted lithium ion rechargeable storage units, based on the batteries used in the companyโs electric vehicles, at an event in California.
Chief executive Elon Musk said: โOur goal here is to fundamentally change the way the world uses energyโ, as he launched the new โpowerwallโ batteries, which are little bigger than a conventional boiler.
The technology will cost between 3,000 and 3,500 US dollars (ยฃ2,000 - ยฃ2,300) and will start shipping in the US in the summer.