The Danish Energy Agency says its new certification scheme is a “short-term transitional solution” to launch Power-to-X (PtX) projects this year. It will eventually be replaced with the European Commission’s certification system.
Since 2016, some $2.4 billion worth of venture capital flowed to companies developing electric aviation and other air travel decarbonization technologies with a strong start in investment volume in 2024, according to Dealroom.co, a Dutch data and intelligence firm.
Denmark-based slot-die coating equipment manufacturer FOM Technologies raised DKK 43.60 million ($6.3 million) to finance the next stage of growth, which includes expansion of sales in the United States.
LEAG, Germany’s second largest energy supplier, is planning a power-to-X project to produce hydrogen, store waste heat, generate electricity, and supply buses with hydrogen. The plant will also have a thermal solid-state storage facility with a capacity of 1,000 MWh.
The photovoltaic industry is expected to achieve annual global expansion of 300 GW as early as this year. That sounds like a lot, but is it enough? In view of climate change and rising energy demand, it is time for a new vision.
Eurowind Energy is building wind-solar capacity at five onshore energy centers and is also considering hydrogen electrolysis. It says each of the sites will include battery storage to offer grid services.
Academics in Denmark and Berlin have calculated Europe will need 400 GW of new solar and wind facilities per year from 2025 to 2035 to contribute to capping global temperature rises, in line with the Paris Agreement.
With renewable energy generation said to consume up to 95% less water than fossil-fuel fired power plants, solar could lead the way to a less stressed existence in mid century, according to researchers from Finland’s LUT.
The switch from fossil fuels and nuclear will bring a jobs dividend thanks to the greater labor-intensity of renewables plants, according to a paper published by Finland’s LUT. However, the jobs dividend is unlikely to be evenly spread around the world, with Europe set to be a big winner.
Green hydrogen demand and electrification could drive a solar boom in the nation, according to the chief executive of a developer sitting on 4 GWp of photovoltaic projects.
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