Rolls-Royce selected as microgrid provider for UK logistics park
Rolls-Royce to provide integrated mtu microgrid solution for new 2MW energy centre at Symmetry Park Biggleswade, UK Microgrid will deliver efficient, climate-friendly power and heat, augmenting local grid supply Rolls-Royce (LSE: RR., ADR: RYCEY) has been selected by energy services developer BasePower Ltd. to supply three mtu Combined Heat & Power (CHP) plants, two mtu EnergyPack battery containers and two mtu Series 4000 standby generators, along with complete microgrid controls, fo...
Hydrogen market growth to surge in 2023 despite slowing global economy, says GlobalData
Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. In 2022, green hydrogen production capacity reached over 109 kilo tons per annum (ktpa) worldwide, representing 44% growth compared to 2021, says GlobalData, a leading data and analytics company. GlobalData’s recent publication “Hydrogen Transition Outlook and Trends: Q1 2023,” highlights dea...
US Department of Energy finalizes $2.5B loan for EV charging manufacturing facilities
JLL assisted the closing of the loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan WASHINGTON – The U.S. Department of Energy (DOE) Loan Programs Office’s (LPO) closing of a $2.5 billion loan to Ultium Cells LLC, a joint venture between General Motors and LG Energy Solutions, was assisted by JLL. The loan will help finance the construction of three new lithium-ion battery cell manufacturing f...
7th edition GECF Global Gas Outlook 2050 launched
Doha, QATAR: The Gas Exporting Countries Forum (GECF) today launched the latest edition of its annual Global Gas Outlook 2050 (Outlook), in the presence of the 2023 President of the GECF, HE Gabriel M. Obiang Lima, Minister of Mines and Hydrocarbons, Republic of Equatorial Guinea. The key findings show that by 2050: Global GDP will more than double, from US$ 95 trillion today to US$ 210 trillion in real term Population growth will see 1.8 billion additional people in 2050 with most...
Danish propeller specialist keeps offshore wind farms going
The Crew Transfer (SWATH) vessels from the Maritime Craft Service operates on the offshore wind farm Hornsea 1 and Hywind in the North Sea. The boats are driven forward by specially manufactured engine parts from Hundested Propeller. Hundested Propeller A/S has become a part of the critical infrastructure on several international offshore wind farms. The propeller specialist keeps downtime minimal when the blades stop moving. Not much can be done when a lack of wind causes the bl...
SolarEdge’s Technology First to Meet South Australia’s New Dynamic Export Regulations
SolarEdge’s technology is the first to meet South Australia’s new Dynamic Export regulations. SA Power Networks is the first Australian electricity distribution network to set Dynamic Export requirements in the State Government’s new plan to stabilize the grid with sophisticated and remote cloud control SolarEdge is the first vendor to develop and certify a native Dynamic Export compliant system without the need of additional hardware System owners benefit from export of up to s...
Crowley, ESVAGT to Build and Operate Service Operations Vessel for Siemens Gamesa at Coastal Virginia Offshore Wind Project
(JACKSONVILLE, Fla.; Jan. 17, 2023) – Crowley and Danish offshore maritime leader ESVAGT will jointly build and operate a service operations vessel (SOV) under a long-term charter with Siemens Gamesa Renewable Energy, enhancing a service crucial for the U.S. clean wind energy market. Under the new contract, U.S.-based Crowley will manage and crew the SOV to support Siemens Gamesa’s service operations on the Dominion Energy Coastal Virginia Offshore Wind project. ESVAGT, based in Denmark, will...
Secretary Haaland Establishes Orphaned Wells Program Office to Implement Historic Investments from Bipartisan Infrastructure Law
WASHINGTON — Secretary of the Interior Deb Haaland today issued a Secretary’s Order to establish an Orphaned Wells Program Office to ensure effective, accountable and efficient implementation of President Biden’s Bipartisan Infrastructure Law’s historic investment in orphaned well clean up. The Bipartisan Infrastructure Law delivers the largest investment in tackling legacy pollution in American history, including through a $4.7 billion investment to plug orphaned wells. These legacy pollutio...
DOE Announces $42 Million to Develop More Affordable and Efficient Advanced Electric Vehicle Batteries in America
A Dozen Selected Projects Will Develop Advanced EV Batteries that Charge Faster, Have Greater Efficiency and Resilience, and Boost Consumer Confidence Against Range Anxiety WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today announced $42 million in funding for 12 projects to strengthen the domestic supply chain for advanced batteries that power electric vehicles (EVs). Projects selected for the Electric Vehicles for American Low-Carbon Living (EVs4ALL) program aim to expand domesti...
Forbright Bank Provides Financing to Two Solar Parks in Puerto Rico
Forbright’s lead financing helps support the goal of transitioning 40% of the island’s energy to renewable sources by 2025 CHEVY CHASE, Md.- Forbright Bank, a nationwide full-service bank that is helping accelerate the transition to a clean energy economy, has successfully raised and syndicated debt facilities for Infinigen Renewables, a subsidiary of ArcLight Energy Partners Fund VII, L.P., (together with its affiliates, "ArcLight"). Infinigen owns and operates two solar parks in Puerto R...