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AC Energy, ib vogt to Install 300 MWdc Solar Projects in the Philippines

Philippines-Based AC Energy Corporation (ACEN), an energy platform of Ayala, is planning to partner with the Singapore unit of German firm ib vogt for the installation of at least 300 MWdc of solar power projects in the country. In a disclosure to the Philippine Stock Exchange (PSE), ACEN said its executive committee cleared the company’s plan […]

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“The Whole Ethos of the Company is Energy Independence”, Sunpower Renewables

As the energy market continues to open up In India, it’s throwing up a number of opportunities for firms. One such firm is Australia based Sunpower Renewables, which has focused on storage based solutions using Lithium Ion batteries. Starting with a simple solar lantern back in 2016, the firm today is offering an array of […]

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US Battery Storage Facilities Set Capacity Records: IHS Markit

Utilities in the US are poised to leapfrog each other in the race to have the largest installation in the country and the world, as a California facility was expanded this month, but a Florida utility will soon finish an even bigger project, writes Kevin Adler, Editor, Climate & Sustainability Group, IHS Markit, in a timely […]

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Gravity based Energy Storage Startup Energy Vault Announces $100 Million Funding

Energy Vault, the firm behind gravity-based, grid-scale energy storage solutions with its proprietary technology, today announced $100 million in Series C funding.  We had covered the firm’s series B funding back in 2019. The newest investment round is being led by existing investor Prime Movers Lab, with additional participation from other existing investors including SoftBank […]

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China’s Goldwind Earns 292.3 M Net Profit in H1 FY21

Beijing-based wind turbine manufacturer Goldwind has released interim results for 2021, reporting a net profit of around CNY 1.9 billion ($292.3 million) in the first half of the financial year. Officially known as Xinjiang Goldwind Science & Technology Co., Ltd., this state-owned multinational realised revenue of CNY 17.85 billion in H1 FY21. Gross profit was CNY 4.919 billion, […]

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Transforming the Grid with Pole-mounted Batteries: ARENA

On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced $4 million of ARENA funding to United Energy to trial the use of pole-mounted batteries to support more rooftop solar and manage peak demand across the low voltage distribution network in south Eastern Melbourne and the Mornington Peninsula. The first of […]

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Egypt Plans RE-powered Desalination Project amidst Swelling Water Crisis

Known for its pyramids, Egypt has decided to build 17 desalination water plants powered by renewable energy, under a new $2.5 billion initiative, to tackle the severe water scarcity that the Arab country is expected to soon suffer from, according to media reports. Desalination, which turns salt water into water that is fit to drink (most commonly […]

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BiPV Global Market to Grow to US$23.3 B by 2027, Says Report

Amid the COVID-19 crisis, the global market for building integrated photovoltaics (BiPV) is estimated to grow from US$10.3 billion in the 2020 to reach US$23.3 billion by 2027, says a new report entitled “Building Integrated Photovoltaics (BiPV) – Global Market Trajectory & Analytics.” The full report can be accessed here. The CAGR over the analysis period 2020-2027 […]

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Will Concentrated Solar Power be Reborn? Report Says Yes

Concentrated Solar Power (CSP), which has lain moribund for a decade, is about to be reborn, according to a new report from Rethink Technology Research, with global capacity to increase several times over by 2030. The study expects CSP to claim its place serving power grids, green hydrogen complexes, and industrial process heat in California, […]

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