The Covid-19 pandemic helped ensure chemicals business OCI could not put its idled polysilicon lines in Gunsan back into use last year, as had been hoped, prompting another hefty assets impairment which weighed on the group even as it expects supply of the raw material to be kept tight by rising demand.
Dozens of solar companies are claiming renewable energy certificates issued for “wood-burning” biomass technology are unconstitutional as most such facilities are fueled by wood pellets co-fired with coal in older power plants. A constitutional court decision is expected within two years.
Plus, details have been revealed of a 2 MW/2.5 MWh grid scale storage demo project in Switzerland and for a peer-to-peer renewable energy certificate marketplace in Southeast Asia.
Japanese utility Kansai Electric Power has extended a demonstration project with Australian P2P energy pioneer Power Ledger to track renewable energy certificates and trade PV-generated electricity.
A public enterprise grade energy blockchain has powered up with the promise to accelerate a low-carbon, distributed electricity future. For the first time, energy sector companies are hosting validator nodes on a decentralized network as they seek to adapt to a more digitalized and decentralized energy system.
Companies keen to offset their carbon emissions will be able to purchase renewable energy certificates at Singapore’s first blockchain-powered marketplace, launched by electricity provider SP Group.
The technology is said to use blockchain’s properties of providing secure real-time and fully transparent data. The company says that ensuring renewable energy certificates is becoming increasingly important. This is the first step towards a more comprehensive platform that seeks to cover renewable energy assets from other energy companies as well.
One of the two contracts signed by the Spanish renewable energy company is linked to a PV plant located in the state of Sonora.
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