Researchers are now simulating how the energy transition can be as successful and cost-effective as possible. As part of the simulation, they are also calculating how much hydrogen will be needed and where it could come from. In Germany, a recent study by Fraunhofer ISE showed that the cost is so low that the nation could gift itself the energy transition as a Christmas present.
EnerVenue launched with $12 million in seed funding, boasting advantages over lithium-ion in performance, price, operability in extreme weather, and decades of use in the aerospace industry.
Plus, details have been revealed of a 2 MW/2.5 MWh grid scale storage demo project in Switzerland and for a peer-to-peer renewable energy certificate marketplace in Southeast Asia.
The Portuguese government has revealed some of the preliminary results of the national solar auction which closed on Tuesday. Antonio Delgado Rigal, chief executive of energy forecasting service Aleasoft, said that the 15-year contracts awarded in the auction were the key to understanding the reason of such a low price. This, combined with the rights for land and grid connection guaranteed by the auction, makes attractive bidding at low prices.
A 133 MW hybrid solar-wind power plant linked to 242 MWh of storage is currently being built in a mountainous area in South Korea. Chinese manufacturer JA Solar has provided the modules for the PV section.
International thinktank IEEFA says there are 50 viable green hydrogen projects under development with an estimated renewable energy capacity of 50 GW and the potential to produce 4 million tonnes of the fuel annually.
The South Korean solar panel maker secured around 300 MW of the 700 MW awarded in the procurement round. The other winners are reportedly Spanish power company Iberdrola, Italian peer Enel and French-owned developer Tag Energy.
A study from the Lappeenranta University of Technology states a deeper complementarity between solar and wind generation may favor renewables deployment reducing the need for stronger developments in storage technology. Combining solar with wind more widely could also reduce the need for ramping and improve the reliability of energy supply, say the researchers.
The Conolophus project is designed to lower diesel consumption on Santa Cruz Island in Galapagos National Park, as well as the adjacent island of Baltra.
With two new projects clocking in at 100 MW each, the Texas storage market is demonstrating that California isn’t the only U.S. state that can do big batteries.
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