Alibaba, Tencent and ByteDance bet on batteries as AI fuels power demand surge
Tech giants Alibaba, Tencent, and ByteDance are ramping up investments in renewable energy and storage to meet the soaring electricity demands driven by AI.
California enables flexible interconnection for solar and storage
California has introduced a flexible interconnection option allowing distributed solar and storage projects to connect without waiting for costly grid upgrades, though the required control hardware is not yet widely available.
Netherlands to accelerate permitting procedures for electricity projects
The Netherlands has proposed amendments to its Environmental Decree to fast-track permitting for electricity transmission and distribution projects above 21 kV, aiming to expand grid capacity and ease congestion through 2032.
Brazil tenders 50 MW of battery, solar and hybrid sites for isolated areas
Two lots were tendered, to serve communities in Amazonas and Pará, with BRL 312 million ($58 million) of equipment. In Amazonas, 20,165 MW will be installed via five solar and diesel-fired thermal generation sites. Pará will get a 30.1 MW battery, solar and diesel facility.
Australia registers first eight-hour duration grid battery
Australia has commissioned its first eight-hour-duration battery energy storage system, marking a key milestone in the nation’s transition to renewable energy.
Solar tops EU power mix in June with record 22% share
Solar accounted for 22% of electricity in the European Union in June, surpassing nuclear as the largest source, while renewables supplied 54% of net power in the second quarter, driven by rising PV output.
Loom Solar launches 10 kW three-phase hybrid inverter for C&I solar
Loom Solar has launched a 10 kW three-phase hybrid inverter for commercial, industrial and residential solar applications, combining solar and battery inverter functions in a single device.
Guyana commissions solar grid for Indigenous village
A remote village in western Guyana is set to benefit from round the clock power following the commissioning of a solar grid with a combined capacity of 217.4 kW.
Solar Servicing to acquire insolvent Mosaic
Solar Servicing LLC, a unit of Forbright Bank, will acquire insolvent Mosaic, with no plans to issue new loans but continued support for existing borrowers.
South Africa awards energy trading license to largest private bank
Investec has become one of the first financial institutions in South Africa to be awarded a license to buy and sell energy, beginning with a 50 MW solar project currently under construction. There are now 14 private companies with an energy trading license in South Africa.
