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CSP Startup Heliogen To Merge With SPAC Athena Technology Acquisition Corp

In a late announcement yesterday, Athena Technology Acquisition Corp. said it is combining with Heliogen Inc., a provider of AI-enabled concentrated solar power. The move that will take Heliogen public, while providing the special purpose acquisition firm (Athena) a purpose finally. Following the business combination, Athena will be renamed Heliogen Inc. and remain listed on […]

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2020 A Year Like No Other, Confirms BP Statistical Review

Acknowledging the massive disruptions caused by the Covid pandemic in 2020, the annual BP Statistical Review has called 2020 ‘a year like no other’, as it lays bare the hits and misses for the energy sector in 2020. The headline number in our view, Carbon emissions from energy use fell by 6.3%, to their lowest […]

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Local Firm to Set Up 100 MW Solar Plant in Botswana

The Botswana energy regulator has granted a generation licence for a 100 MW solar project to local firm Shumba Energy, making it the first independent power producer to set up a large scale solar plant in the country, according to media reports. This landlocked country in Southern Africa does not currently have large scale solar […]

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Hyundai to Invest $100 M in Solid-state Battery Developer Solid Energy

Hyundai Motor Co, a South Korean automotive manufacturer of international repute, will invest USD 100 million in solid-state battery specialist Solid Energy System (SES) corporations, according to recent media reports. The company appears to have signed an equity investment agreement with SES. A spin-off from the Massachusetts Institute of Technology (MIT), Solid Energy has developed a prototype lithium metal […]

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Shell & Uniper Sign MoU to Push Development of H2 Economy in Europe

Shell Gas & Power Developments B.V. and Uniper Hydrogen GmbH have signed a memorandum of understanding to explore accelerating the development of a hydrogen economy in Europe. Under the MoU, they intend to find joint opportunities to couple industrial and mobility demand with hydrogen supply, production and storage. The companies will begin by assessing the […]

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India Explores Aluminium-Ion Battery As Demand For Lithium Spikes

Being the third-largest oil importer in the world, in its drive to minimize dependency on oil and fuel imports, India is advancing in a battery technology that uses aluminum rather than lithium as the key ingredient.   As far as Aluminum Battery is concerned, recently the Indian Oil Corporation (Indian Oil) has announced that it has established a […]

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Top 10 Cleantech Trends for 2021 By IHS Markit

Asia will account for over 70 percent of total floating PV installations by 2024, says London-based information provider IHS Markit, among other cleantech trends expected this year. The whitepaper “10 Cleantech Trends in 2021” makes the following predictions vis a vis the renewables sector: 1. Renewable installations will rebound by double- digits after covid-19 impasse Annual […]

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NTPC, ONGC To Focus On Offshore Wind Energy Developments ?

News reports have quoted state-owned National Thermal Power Corporation Ltd (NTPC) and the Oil and Natural Gas Corporation Limited (ONGC)  joining together for the development of offshore wind energy in the country. For ONGC, the national oil explorer, any tie-up is considered  relevant as power generation has not been its forte, and offshore wind offers […]

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Mainstream Renewable Power Closes Financing for Chilean Solar-Wind Farm

Global wind and solar company Mainstream Renewable Power has achieved financial close for the third and final phase of its “Andes Renovables” wind and solar platform in Chile. The  US$182 million in debt raised will be used to build the “Copihue” phase which consists of one wind farm, named Camán, located in central Chile. The […]

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