Solar, Wind Uptake to Reach 5.4 TWac from 2024 to 2033, Says Wood Mackenzie
Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storageFrom 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online…
ADNOC Drilling Expands Fleet with $75 Million Purchase of Six Hybrid Power Land Rigs
UAE-based drilling company ADNOC Drilling said this week it had signed a $75 million deal to buy six newbuild hybrid power land rigs.The six newbuild hybrid power rigs will be built by Honghua Golden Coast and will progressively enter the fleet from the second quarter of 2024…
Floating Offshore Wind: Attention Turns Subsea for Power Transport
From being an ugly duckling, floating offshore wind is now the Cinderella of the offshore renewables world. Attention is now being paid to floating and even subsea substation concepts to help bring this power to shore. Over the past year, expectations…
Japanese Trio Connects on Project to Reduce Methane Slip by 70%
As the global shipping industry is under the microscope to reduce emissions, three Japanese leaders in the maritime space: Hitachi Zosen, Mitsui O.S.K. Lines, Ltd.(MOL) and Yanmar Power Technology Co., Ltd. (YPT), have targeted methane slip…
Yanmar Conducts High-Pressure Ship Refueling Test with Hydrogen
Yanmar Power Technology (YPT) conducted what it touts as the world's first 70 MPa high-pressure hydrogen refueling of a ship using a demonstration test boat equipped with a hydrogen fuel cell system. The 70 MPa high-pressure hydrogen refueling…
Renewable Energy: Wave Power Projects Takes a Big Step
Eco Wave Power has secured the engineering coordination permit from the Municipality of Tel-Aviv Jaffa (permit number 2020-3249) needed for the cement works and installation of 10floaters for the EWP-EDF One wave energy project in the Port of Jaffa…
Eco Wave Power Commences Grid Connection Works in Israel
While wave power is still in its infancy relative to offshore wind in the renewable power space, several companies are making step changes that are geared to lead this power source to utlity scale. One Swedish company making the move is Eco Wave Power…
ABB Tests Subsea Power Technology System
The completion of a final 3,000-hour test phase of the Swiss-Swedish technology multinational ABB’s subsea power infrastructure signals the culmination of a $100m partnership with world oil majors.The company has officially announced the completion…
Ingeteam Joins Spain's First Offshore Wind Turbine
Spanish power technology giant Ingeteam is participating in the first bottom-fixed foundation offshore wind turbine prototype to be installed in Spain and the first of its kind in southern Europe.At the request of Estyco, the project leader…
US' First Planned Floating Wind Farm Taking Shape
Plans for America’s first floating offshore wind farm are taking shape with the news that California’s Redwood Coast Energy Authority (RCEA) has selected a consortium to enter into a public-private partnership to develop the project off the Northern California coast.
Germany Awards Higher Prices in Onshore Wind Power Auction
Germany's network regulator agreed to pay higher prices for onshore wind power in its latest capacity auction, it said on Tuesday, reflecting a new set of rules that made it harder for citizens' co-operatives to compete. The average price Bundesnetzagentur…
Lithium-Ion Battery Tech Company Nets $2 Mln Investment
A publicly traded Chinese company’s investment of $2 million in a Reno-based startup that makes lithium-ion batteries is expected to accelerate expansion of the manufacturing capacity for Dragonfly Energy Corp. Dynavolt Renewable Power Technology Co. Ltd.
ZF Acquires Bosch Rexroth Industrial Gears Arm
Following the go-ahead from antitrust authorities, on December 1, 2015 ZF has officially taken over the industrial gears and wind turbine gearbox business from Bosch Rexroth AG. With this, some 1,200 employees altogether at the Witten, Beijing…
Next Generation Wave Project in the Making
Carnegie Wave Energy has completed the conceptual design phase of the CETO 6 Project at Garden Island, Western Australia. ARENA is providing $13 million support towards the development of the next generation CETO 6 technology. The CETO 6 concept…
China Nuclear Power Firms Merge to Fuel Global Clout
China Power Investment Corporation and State Nuclear Power Technology Corp have officially announced their merger, as Beijing moves to consolidate its nuclear power sector, aiming eventually to export reactors. China Power producer currently controls about a tenth of China's nuclear power market…
China Could Struggle to Meet 2020 Nuclear Targets
China could struggle to meet its 2020 nuclear energy targets with the industry still waiting on a cautious government to speed up the approval process, a senior industry executive said on Saturday. But as it waits for domestic projects to go ahead…
Europe's Offshore Wind Capacity Growing
New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth in 2014 and should expand at a similar pace on average over the coming two years, an industry report said on Friday.
Offshore Wind Industry Races to Cut Costs as Subsidies Drop
As European governments start to curb offshore renewable power subsidies, utilities, wind turbine makers and installers are racing to cut costs to help the industry survive. Britain, Germany and the Netherlands, wary of committing billions of euros when budgets are tight…
ABB, Vestas to Electrify Off-grid African Areas
ABB and Vestas today signed a partnership agreement whereby they will contribute with their respective technologies to help rural communities in developing markets gain access to affordable clean electricity. The two companies will jointly deliver…
ABB Celebrates 125th Anniversary in Finland
ABB is celebrating today its 125th anniversary in Finland. Founded in 1889 in Helsinki by entrepreneur and inventor Gottfrid Strömberg, ABB Finland is today an innovative automation and power technology company with more than 5,000 employees in 30 locations, with sales of 2.3 billion euros in 2013.
