Toshiba and Next Kraftwerke prepare for Japan’s energy transition
The electronics brand has announced plans for a virtual power plant aggregator JV with German specialist Next Kraftwerke ahead of the opening up of the control reserve market in Japan in April – and the planned switch from clean energy FITs to feed-in premium, top-up payments a year later.
The UK’s biggest balancing act
The nation’s electricity system operator said it wanted more energy storage facilities and to procure new stability products following a big power outage last year. Some 12 months on, the country’s biggest battery storage company has rolled up its sleeves to take on a new role.
EBRD backs green bond issued by Polish utility
The London-based lender has committed more than €50 million to the €218 million exercise which will cost issuer Tauron more to finance if the utility falls short of its 2030 decarbonization targets.
‘China must put EV battery reuse at heart of net-zero ambition’
The centralized nature of policymaking in Beijing would enable component standardization to ease the transition from EV to stationary energy storage use, according to Greenpeace East Asia.
Major economies should divert fossil fuel Covid-recovery cash to clean energy before it’s too late
A report by Finnish company Wärtsilä has estimated the potential impact if every dollar committed to a non-renewables energy sector recovery was instead funneled to clean power.
UK utility trials ‘world first’ renewables-friendly energy market
UK Power Networks’ ‘Power Potential’ project offers small scale generators the chance to be rewarded for voltage-balancing reactive-power services alongside traditional power stations.
Fraunhofer to develop battery inverter for whole-area UPS and renewables integration
Industrial and academic partners are developing a battery inverter which can be grid connected under normal operation but can also use nearby renewables generators to form an island grid, for whole-area uninterrupted power supply.
Corporate funding for battery storage up 75%
Analysts at Mercom Capital Group have tallied up corporate funding, venture capital and debt and public market investment for battery storage, smart grids and energy efficiency companies. From a financial perspective, the industry appears resilient to the Covid-19 crisis and ready to grow further.
UAE revises energy strategy in view of competitive PV prices
Falling solar prices are leading to a new energy strategy for the United Arab Emirates as local energy companies offer unbeatable prices that make green hydrogen increasingly affordable.
Vietnam opens 450 MW solar plant
Ho Chi Minh City-based construction company Trungnam Group said its army of laborers took just 45 days to perform site clearance for a project which took shape within 102 days.
