ENERGY STORAGE

Australia's new head of state, Anthony Albanese, has promised to make the nation a renewables "superpower" following his Labor Party's victory in Saturday's federal election, which ousted predecessor Scott Morrison's conservative coalition.

Japanese power firm Osaka Gas is to get in the US utility-scale solar market through a joint venture with project developer Oriden.

Energy financial investment platform CleanCapital has secured a US$ 200 million credit facility to sustain its pipeline of dispersed solar as well as energy storage projects.

Energy financial investment system CleanCapital has actually protected a US$ 200 million credit score facility to sustain its pipeline of distributed solar and energy storage projects.

The 100 MWh EVx system is being developed beside a wind farm as well as nationwide grid site in Rudong situated outside of Shanghai. Energy Vault and Atlas Renewable signed a $50 million licensing contract for making use of Energy Vault's proprietary gravity-based energy storage space technology.

According to an evaluation by ESOMAR-certified marketing research as well as consulting company Future Market Insights, the battery energy storage systems market is expected to be valued at US$ 64.92 B in 2032, with 27.9% CAGR throughout the forecast duration.

Tesla CEO Elon Musk said he expects the business to address component shortages that limited the development of its solar organization in the initial quarter of 2021, as installs reduced 48% year-on-year.

Nevada utility NV Energy has issued an ask for propositions (RFP) for renewables projects to contribute to its portfolio in the state.

Large-scale solar implementation in Australia leapt 38% year-on-year in 2021 as its 3 biggest PV plants were commissioned, but financial commitments for new renewables projects in the country fell, according to a new report.

French renewables business Voltalia's economic efficiency last year was enhanced by the growth of its project development, construction and also equipment procurement section, as the company increased its focus on developing solar PV.

The quoted price of residential solar in the United States inched up in the second fifty percent of last year, more than likely due to the results of supply chain constraints and shortages, new research from marketplace carrier EnergySage has actually disclosed.

United States utility Indiana Michigan Power (I&M) has actually provided a request for proposals (RFP) for 500MW of solar as part of its new incorporated resource strategy that requires the addition of more than 2GW of renewables by 2028.

Solar investor as well as asset manager NextEnergy Group has introduced a brand-new renewables development division that will intend to establish 5GW of projects within three years.

US utility-scale solar deployment is set to reach a record 22GW this year, with the technology accounting for practically half of the new producing capacity because of be included in the power grid from 2022 to 2023.

Chinese inverter maker Sungrow has launched its brand-new "1+X" central modular inverter with a result of 1.1 MW at the World Future Energy Summit in Abu Dhabi.