Energy Storage

A report by McKinsey & Company reinforces the widely-held view renewables will supplant fossil fuels in the energy system but also joins the chorus of voices warning the world is on track to fall well short of limiting global temperature rises this century to 1.5C.

Some 15% of the finance disbursed must fit the wider definition of being ‘sustainable’ and banks and other lenders have been warned penalties will be applied for non compliance.

The two French energy giants have announced a partnership agreement to develop, build and operate the Masshylia project – a 40 MW electrolyzer coupled with solar parks at the Total biorefinery in Châteauneuf-les-Martigues, in the southern region of Provence-Alpes-Côte d´Azur.

The Canada Infrastructure Bank (CIB) and Oneida Energy Storage LP, a joint venture between NRStor and Six Nations of the Grand River Development Corp., have signed a memorandum of understanding for the Oneida Energy Storage project in Ontario.

The Australian Smart Energy Council and Deutsche Energie-Agentur will work together to develop a scheme to certify renewable hydrogen and carbon-neutral power fuels.

The two French companies have announced Horizeo, a massive project that includes a solar plant, battery storage, a green hydrogen production unit, a data center, and an agrivoltaic facility. The huge project is scheduled for completion in 2026.

The solar cell manufacturing facility, located in China’s Yunnan Province, is expected to raise Jinko’s cell capacity to 30 GW by the end of 2021.

Neoen Australia has filed planning documents for a 500 MW / 1000 MWh big battery to be built west of Sydney.

Fortescue Metals Group Chairman Andrew ‘Twiggy’ Forrest returned to Western Australia last week after a four-month worldwide search for green energy projects and resources. One of the deals secured on the trip was a circular green hydrogen partnership with South Korean steelmaker Posco.

The use of polymer electrolyte membrane fuel cells as backup power generation in solar microgrids could drive down costs and improve efficiency, according to an international group of researchers. They have proposed a new energy management system that could be ideal for hybrid solar-hydrogen microgrids in remote locations.