More 'Green' Power Needed To Meet Paris 2030 Target
According to DNV GL’s latest energy report ‘Energy Transition Outlook: Power Supply and Use’, eight times more wind and solar power is needed by 2030 to help meet the Paris Agreement on climate change’s target. This transition will require more than ten times power generated by the solar means and five times the wind power currently…
U.S. Energy Storage Market Could Triple this Year
U.S. deployments of energy storage systems will nearly triple this year thanks to sharply lower costs and state policies that support the case for installing batteries in homes, businesses and along the power grid. That forecasted growth of 186 percent to 1,233 megawatt-hours of storage from 431 MWh compares with the 27 percent increase in 2017…
Total Acquiring Saft for $1.1 bln
Deal will strengthen Total's renewables business. Total said on Monday it has agreed to buy France based battery manufacturer Saft Groupe for 950 million euros ($1.1 billion), as it seeks to expand its renewable energies business and complement the acquisition in 2011 of a majority stake in U.S. solar power systems maker SunPower.
Total to Acquire Saft Group
Total and Saft announced today that, following the signature of an agreement between the companies, Total filed a friendly tender offer on all of the issued and outstanding shares in the capital of Saft with the French Financial Markets Authority (Autorité des Marchés(“AMF”)). The proposed offer will target all of Saft’s issued and outstanding shares at a price of €36.50 per share…
Statoil Debuts Batwind
A new battery storage solution for offshore wind energy will be piloted in the world’s first floating wind farm, the Hywind pilot park off the coast of Peterhead in Aberdeenshire, Scotland. Batwind will be developed in co-operation with Scottish universities and suppliers, under a new Memorandum of Understanding (MoU) signed in Edinburgh on 18 March between Statoil…
Houses with Solar cum Battery Roofs
The Australian Renewable Energy Agency (ARENA) today announced $3.3 million funding for Synergy to trial a combination of rooftop solar photovoltaic (PV) with battery storage at a new housing development in Alkimos Beach, north of Perth in Western Australia. ARENA CEO Ivor Frischknecht said the model being trialled included new tariff…
US Grants First Medal on Energy to Oil Historian Yergin
As the U.S. drilling boom helps drive global crude prices to two-year lows, the Obama administration has awarded the country's first medal for energy security to oil historian and business founder Daniel Yergin. Yergin, 67, received the Schlesinger Medal for Energy Security from Energy Secretary Ernest Moniz in a ceremony on Wednesday.
Britain installs first grid-scale battery: Kemp
Britain's most ambitious smart grid project is being built on a housing estate in Leighton Buzzard, a rapidly growing commuter town north of London. UK Power Networks (UKPN), which owns and operates electricity cables and lines across southeast England, is installing a giant battery farm that will supply electricity to local users at peak times.
