News

LG Energy Solution to set up EV battery JV with Stellantis in Canada
In October, LGES as well as Stellantis NV struck an electric vehicle (EV) battery manufacturing joint venture The JV aims to begin manufacturing by the first quarter of 2024 as well as aiming to have an annual production capacity of around 40 GW of batteries.
Mar 24, 2022 // Storage, Canada, North America, carlos tavares, LG Energy Solution Ltd, Stellantis NV, Youngsoo Kwon
AMPYR, Hartree Collaborate to Build 5GW of Solar Power in United States
The brand-new joint venture is called AMPYR Energy United States and will certainly be headquartered in New York. It will utilize the experience of AGP that has actually created large scale RE projects across the globe and likewise harness the power trading analytics of Hartree.
Mar 24, 2022 // Plants, Large-Scale, Commercial, Solar Energy, AMPYR Energy, renewable power, Ampyr Solar Europe, Hartree, Saurabh Beniwal, AMPYR Energy USA, Stephen Semlitz
US sets up 4.7 GWh storage in Q4 2021
4th quarter saw more capacity set up than in the very first 3 quarters incorporated, states WoodMac
Mar 24, 2022 // Storage, USA, Jason Burwen, Wood Mackenzie, North America
Vikram Solar files for IPO to raise funds for 2GW cell and also module production facility
Vikram Solar has actually filed draft papers for its initial public offering (IPO) as it seeks to raise funds for a 2GW integrated cell as well as module factory in India.
Mar 24, 2022 // Manufacturing News, India, Tamil Nadu, IPO, Asia, Vikram Solar, PLI, initial public offering, production-linked incentive
Mondragon Assembly gets majority stake in QHD Visual, patents brand-new lamination machine
Solar production equipment provider Mondragon Assembly has actually gotten a 60% stake in Chinese lamination equipment manufacturer QHD Visual Automation Equipment.
Mar 24, 2022 // Manufacturing News, Markets & Finance News, manufacturing, Mondragon Assembly, lamination, machinery, qhd visual, Iñaki Madina
ReneSola development pipeline gets to 2.2 GW amid 'great demand' for solar in Europe
Solar developer ReneSola Power greater than doubled its project pipeline in 2021 and expects to maintain growth this year amid rising demand for renewables as European markets seek to attain even more energy independence.
Mar 24, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, Poland, Europe, financial results, North America, renesola, ReneSola Power
Mitsui invests US$ 632m in Mainstream Renewable Power as it eyes IPP synergies
Japanese investment company Mitsui has spent EUR575 million (US$ 631.6 million) in renewables designer Mainstream Renewable Power, bringing its valuation to EUR2.1 billion after the transaction.
Mar 24, 2022 // Markets & Finance News, Battery Storage, funding, green hydrogen, mainstream renewable power, mitsui, aker horizons, green ammonia, equity finance
Capital Power switches on 41-MW solar farm in Alberta
Canadian power manufacturer Capital Power Corp (TSE: CPX) on Wednesday claimed its 41-MW Strathmore Solar center in Alberta has begun procedures.
Mar 23, 2022 // Plants, Large-Scale, Commercial, alberta, solar farm, Capital Power
Tesla Megapacks chose for Edify's 300MWh Australia battery portfolio
Tesla has been gotten to offer 150MW/300MWh of its Megapack battery energy storage system (BESS) remedy for projects in growth by Edify Energy in Australia.
Mar 23, 2022 // Markets & Finance News, Storage, EPC, TESLA, Australia, Oceania, new south wales, project news, national electricity market, supply deal, inertia, smart inverters, synchronous generation, synthetic inertia, virtual inertia
Canadian Solar expects doubling of energy storage solutions business in 2022
Canadian Solar delivered simply under 900MWh of battery storage in 2021, the first full year of its participation in the section, but expects to double that figure this year.
Mar 23, 2022 // Storage, Canadian Solar, Shawn Qu
Aker Horizons to sell staying REC Silicon shares to Hanwha
Aker Horizons ASA (OSE: AKH) announced on Wednesday it has actually agreed to take care of its continuing to be shares in Norway-based polysilicon and silicon gas producer REC Silicon ASA to South Korea's Hanwha Group.
Mar 23, 2022 // Markets & Finance News, REC Silicon, Hanwha, aker horizons, Kristian Rokke
Endesa structure 497 MW of Castilian wind, solar farms
Spanish electrical utility Endesa SA (BME: ELE) is presently building 497 MW of wind as well as solar farms in the Castile-La Mancha area of Spain, it claimed.
Mar 23, 2022 // Plants, Endesa, Solar Farms
Idaho utility introduces renewable energy program with 40-MW solar project
State utility Idaho Power will promote the construction of a new 40-MW solar project in partnership with computer system storage manufacturer Micron. The project supports Micron's goal to source 100% renewable energy for its U.S. procedures by the end of 2025.
Mar 23, 2022 // Plants, USA, North America, Solar Project, Manish Bhatia, Lisa Grow
Atlas powers up 244MW Chilean solar site
Sol del Desierto is just one of the largest solar plants in the country
Mar 23, 2022 // Plants, Large-Scale, Commercial, Chile, South america, Atlas Renewable Energy, PV Power Plant
Homeowner dominate power storage market in Germany: Study
The study finds that Home Storage Systems (HSS) make up 93% of Germany's storage market et cetera 7% is dispersed among industrial as well as large scale sectors. An overwhelming number of brand-new storage installations in 2021 were of lithium-ion.
Mar 23, 2022 // Market Research, Germany, Europe, ISEA, Energy storage systems, BVES, Energie Consulting, Home Storage Systems, Institute for Power Electronics and Electrical Drives, RWTH Aachen University