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Nexwafe closes financing round with €32 million

Innovative solar wafer company Nexwafe has closed its latest financing round with €32 million. The round was lead by the Indian group Reliance, which contributed €25 million to the round. The Freiburg-based wafer manufacturer intends to use the funds to drive forward the production and commercialization of its kerfless PV wafers.

Spain’s renewables auction: Problem or opportunity?

Participating companies and industry experts from Spain’s most recent renewable energy auction, including APPA, Anpier, and Fundación Renovables, share their thoughts with pv magazine on the results published this week, and what could be done better in future tenders.

Volcano proof PV

Panels being covered in volcanic ash can cause several problems – as has been seen recently with ongoing eruption in the Canary Islands. The weight of the ash may be too much for the structure to bear, sharp ash particles or small stones within the ash can scratch module glass, and acids or sulfur compounds contained in the ash can cause corrosion on the backsheet.

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Spain’s renewables auction: Do troubled waters benefit the fishermen?

Spain’s latest renewable energy auction has awarded 3.12 GW of new capacity at an average price of €30.56/ MWh. Capital Energy once again took the largest share, winning all of 1.548 GW that it was competing for, in an auction where the absence of some large power companies was conspicuous.

UK retailers sign 130 MW of solar PPAs as electricity prices surge

UK electricity retailers are ramping up their efforts to sign power purchase agreements for PV projects.

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The Hydrogen Stream: Rolls Royce, rising prices, and hydrogen fueled beer

This week sees hydrogen pricing hit new highs, driven by simultaneous jumps in the price of natural gas and electricity. Elsewhere, project plans include green hydrogen production at a UK brewery and Ineos building a 100 MW electrolyzer in Germany, machinery manufacturers Rolls Royce and JCB making plans for hydrogen engines, and new investment agreements signed in Belgium, Sweden and Kazakhstan.

Solar farms prove to bee hives of economic activity

A new study from researchers at the universities of Lancaster and Reading in the UK has managed to quantify the economic boost provided by the symbiotic relationship between solar farms and honeybee hives.

Umicore to purchase 42,000 tons of lithium battery material

Belgian materials company Umicore has signed a contract with Australia headquartered Vulcan Energy Resources to purchase up to 42,000 tons of lithium hydroxide over a five year period beginning in 2025. The material will be used in Umicore’s production of cathode materials for lithium-ion cell manufacturers.

Co-located hubs key to battery industry competitiveness

A report from Australia’s Future Battery Industries Cooperative Research Centre which analysed the development of battery hubs in the U.S., Germany and Japan, has found that co-location and cooperation between industry and government were key to their success. For Australia to play the same game, it will have to leverage its wealth of resources, and clean up its act along the way.

Northvolt and Cinis to turn battery waste into sustainable fertilizer

Production waste puts a dent in the perception of sustainability of batteries. Northvolt, however, has partnered with a young Swedish company to make the best use of the battery production waste, and also help to decarbonize the fertilizer industry while they are at it.

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