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energy storage

Fluence Energy, Rich Electric To Deploy 100 MW BESS In Taiwan

Fluence Energy has announced a strategic partnership with Rich Electric, a Taiwanese battery-based energy storage systems player, wherein the two companies will deploy a 100 MW battery-based energy storage system in Hualien to support Taipower’s automatic frequency control (AFC) services. Fluence Energy is a leading global provider of energy storage products and services, and digital […]

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Clean Capital Acquires 100% Stake in BQ Energy

New York-based clean energy investment firm, Clean Capital has announced its 100% acquisition (100% Stake) of renewable energy development company, BQ Energy recently. Now Clean Capital has all the rights to operate BQE independently as an own-subsidiary firm. Now Clean Capital will invest in BQE’s long-term projects. Additionally, Clean Capital will invest in initiatives that […]

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ABB & Microsoft Tech. Are Coming Together for Making Society Energy Efficient

Switzerland-based, Asea Brown Boveri (ABB) has announced its collaboration with Microsoft Techto work on ‘Energy Efficiency Movement’.  ABB launched this movement in March 2021, by which ABB raised awareness and spur action to reduce energy consumption and carbon emissions to combat climate change. This is a multi-stakeholder initiative. Till now many small firms and companies […]

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Statkraft Increases Renewable Energy Targets, Chases Faster Growth

Norway’s state owned renewable energy player Statkraft has updated its growth strategy for renewable energy with a new, more ambitious targets towards 2030. The official statement of Statkraft reveals that the strategy increases the annual growth rate for onshore wind, solar and battery storage from 2.5-3 GW in 2025 to 4 GW in 2030. Statkraft […]

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Intrakat Collaborates With Parkwind To Develop Offshore Wind Energy In Greece

A new partnership has been announced between Belgium based Parkwind and Greece’s Intrakat to jointly develop offshore wind opportunities in Greek waters.  Bringing offshore development experience and a deep knowledge, the two companies bring forward complementary competences in offshore development and local infrastructure experience. François Van Leeuw, co-CEO, Parkwind, said, “With a partner like Intrakat, […]

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Global Investment On Energy To Increase By 8% In 2022: IEA

The world may increase its spending by 8% in 2022 to the tune of about USD 2.4 trillion on clean energy transition, a new report published by the International Energy Agency has claimed. The IEA’s World Energy Investment 2022 report further revealed that the maximum energy investment was on renewables and grids. Not evenly spread, […]

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Volvo Invests $4.9 million In Connected Energy For Second Life Battery Business

Volvo Energy is investing about 50 million Swedish kronor (SEK) or $4.9 million for 10 percent in the UK-based second-life battery energy storage specialist Connected Energy. Joachim Rosenberg, President, Volvo Energy, said, “There is a great deal of untapped potential in the second-life use of batteries. This forward-leaning investment aims to facilitate the scaling-up of […]

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California Set To Add 465 MW More Solar Projects to Its Energy Portfolio In 2022

California is going to add two new big solar projects (Arica solar project & Victory Pass solar project) to its energy portfolio for the year 2022. The U.S. Department of the Interior, Bureau of Land Management has approved the development of both solar projects. Solar developer of both projects, Clearway Energy is ready to install […]

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