Renewable Energy Magazine-General newsletter

$182 Million in Financing Confirms Eavor as a Leader in Scalable Geothermal

Eavor Technologies has successfully completed $182 million in financing. This significant investment will enable Eavor to accelerate the development and deployment of its revolutionary geothermal technology. 

LiveDiligence calls for renewable energy market to reboot its due diligence processes

LiveDiligence says burdensome traditional approaches to due diligence, alongside fragmented knowledge management, are slowing down the flow of new capital into renewable energy projects worldwide, leading to missed opportunities for advisors delivering valuable expertise to their clients.

Sungrow Dominates Energy Storage Market According to Wood Mackenzie

The global Battery Energy Storage Systems integrator market grew increasingly competitive in 2022, with the top five global system integrators accounting for 62% of overall BESS shipments (MWh), according to the latest analysis by Wood Mackenzie.

Volvo Cars launches new energy solutions business to embrace wider potential of EVs

Volvo Cars has launched Volvo Cars Energy Solutions, a completely new business unit offering energy storage and charging-related technologies and services such as bi-directional charging.

Thousands of homes to be kept warm by waste heat from computer data centres in UK first

Thousands of homes will be kept warm by waste heat from nearby data centres for the first time in the UK – thanks to a share of nearly £65 million of government funding for five green heating projects across the country. 

NZTC secures funding to accelerate UK-German hydrogen export opportunity

The Net Zero Technology Centre (NZTC) has been awarded £200,000 from Scottish Government to advance critical research to demonstrate the feasibility and economic opportunity of exporting hydrogen from Scotland to Germany and solidify the case for infrastructure investment.

Brittany joins the Ocean Energy Europe global network

Brittany has officially formalised its support for tidal turbine technology by joining Ocean Energy Europe, integrating the region into the world's largest network of ocean energy professionals.

More than 100,000 Welsh home and business owners turn to renewable energy

2023 has been a record-breaking year for installations of small-scale renewables in Wales, according to data from MCS (Microgeneration Certification Scheme) which shows that more than 100,000 MCS certified systems have now been installed in Wales since records began in 2008.

Matrix Renewables Signs Three VPPAs With Merck

Matrix Renewables has entered into a series of Virtual Power Purchase Agreements (VPPAs) with Merck, a leading science and technology company. Matrix will provide Merck with more than 102 MW of combined solar energy capacity over a period of 10 years. Starting in 2025, Merck will offtake electricity from three new-build solar plants located in Spain. The solar farms will provide approximately 200 GWh of renewable electricity every year. 

International Community Sets New Ambition for Hydropower to Enable Sustainable Growth

The Bali Statement on Powering Sustainable Growth – released recently at the World Hydropower Congress 2023 in Bali, Indonesia – states that sustainable hydropower must be the backbone of national strategies to build thriving, low carbon economies bolstered by clean, renewable energy.    

Tucson Electric Power to Build  Large Battery Energy Storage System

Tucson Electric Power will build a large battery energy storage system in southeast Tucson to help satisfy customers’ everyday energy needs with abundant, low-cost solar energy. TEP’s Roadrunner Reserve system will serve as the largest energy storage system in TEP's portfolio and among the largest in Arizona. The 200-megawatt (MW) system can store 800 megawatt hours of energy, enough to serve approximately 42,000 homes for four hours when deploying at full capacity. The system is scheduled to begin operation in summer 2025.

Maryland Governor Announces Significant New Funding for Offshore Wind Supply Chain

Maryland Gov. Wes Moore has said the Maryland Energy Administration will offer more than $6 million in FY24 funding through its Maryland Offshore Wind Grant Program Portfolio, designed to help Maryland’s emerging businesses and workforce get involved in the growing offshore wind industry. 

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