The Italian energy major this morning announced it had acquired German-owned clean power developer Solar Konzept Greece.
Figures released by Eurostat this week indicated the monumental task facing the renewables industry as Europe attempts to replace a power source which generated a quarter of the bloc’s electricity in 2020.
Current price signals to distributed battery owners “do not align with grid value,” says a study from the Lawrence Berkeley Laboratory.
Right before the holiday season, the European Commission unveiled the latest installment of its “Fit for 55” legislative package – plans that aim to put the continent on track to reducing emissions by 55% by 2030. These additional proposals include the Hydrogen and Decarbonised Gas Package, as well as a revision to the Energy Performance of Buildings Directive (EPBDII).
The new package includes an increase in solar capacity, to be allocated through tenders, and the mandatory installation of PV systems in all commercial buildings.
The 11 planned off-grid networks will offer clean power to around 20,000 people for €0.28/kWh, according to one of the EU bodies which is backing the project.
US scientists have assessed the viability and potential supply chain impact of extracting lithium from geothermal brines, and they have reported promising results.
LG Chem’s energy storage and battery division’s $10.7 billion initial public offering received a staggering response from institutional investors, Reuters has reported.
Elsewhere, French renewable hydrogen startup Lhyfe has announced it is building an electrolyzer in eastern Germany, and Los Angeles-based Southern California Gas has launched a hydrogen-powered drone to monitor its gas grid.
State-owned power generation company China Huadian Corporation has begun work on a 3.3GW solar site in Sichuan province. The project is one of nine renewable energy plants listed in China’s latest national five-year plan.
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