Also, a court in Beijing is now reviewing an application for bankruptcy filed by a unit of Hanergy. In other developments this week, a diverse range of solar industry players launched the 600W+ Photovoltaic Open Innovation Ecological Alliance.
Equatorial Power and SustainSolar are installing containerized, off-grid solar battery power systems to support farming projects on an island in Lake Kivu.
The European Commission has outlined a long-anticipated plan it says could unlock up to €340 billion for new solar and wind projects over the next decade. The 30-year strategy envisages up to €470 billion being spent on electrolyzer capacity.
Startup Natron Energy is building a battery using Prussian blue analogue electrodes and a sodium-ion electrolyte. Investors include ABB Technology Ventures, NanoDimension Capital, Volta Energy Technologies, Chevron, Khosla Ventures, and Prelude Ventures.
Plus, there was plenty of hope in predictions made by Norwegian institute DNV GL but U.S. households are facing hefty energy bills just as data from Delhi showed the link between industrial shutdowns and cleaner skies.
The Australian Renewable Energy Agency is putting US$1.66 million into a vehicle-to-grid trial to demonstrate how electric vehicles can provide grid ancillary services. The REVS research and industry consortium hopes to show how EVs can generate revenue for fleet owners.
Scientists led by MIT have suggested chitin, a carbon and nitrogen-rich material made from waste shrimp shells, could produce sustainable electrodes for vanadium redox flow batteries and other energy storage technologies.
The expected return would leave the nation woefully short of its ambitious 175 GW clean energy target, which was laid down with a 2022 deadline. Chief executives who criticized aggressive clean power auctions said they would like to see more fossil fuel facilities thrown into the mix.
Funded by the bloc’s Emissions Trading System, the warchest will look to spend more than €10 billion on bringing clean energy innovations to market over the next decade. The scheme will work with other green recovery programs to secure jobs and lay a foundation on which to restart the European economy.
The Japanese brand has closed the initial $6.85 billion purchase price for 80% of the Power Grids business that was owned by ABB. The buyer will have the option of purchasing the outstanding shares in 2023.
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