BNEF Summit highlights sluggish trading of low-carbon hydrogen, derivatives
Analysts at the recent BNEF Summit in Munich discussed delays for hydrogen adoption in European countries, noting that locations are crucial for predicting which hydrogen production plans will proceed. Projects in areas with high amounts of renewables have an advantage.
Australian property giant signs first-ever matched energy supply deal
Enosi Energy has signed a first-of-its-kind initiative with real estate investment business EG Funds by using a matched energy supply agreement to bulk up renewable energy used by commercial properties in Sydney, Australia.
Energy Vault unveils design partnership for gravity storage in skyscrapers
The partnership will see architecture and engineering firm Skidmore, Owings & Merrill (SOM), responsible for some of the world’s tallest buildings, incorporate Energy Vault’s gravity energy storage technology into tall buildings in urban environments and deployable structures in natural environments.
Large scale battery storage on the rise in Chile
Three utility scale battery energy storage projects co-located with solar plants were announced last week in Chile. Enel is building a 67 MW/134 MWh battery, while CJR Renewable and Uriel Renovables are planning 200 MW/800 MWh and 90 MW/200 MWh projects, respectively.
The Hydrogen Stream: Europe launches pilot to improve market transparency
The European Commission says it has started working on a new pilot mechanism, and Italy has agreed to expand collaboration with Austria and Germany, while also supporting cooperation between Italian companies and Finland’s Wärtsilä.
US startup uses agricultural waste to produce low-cost, safe batteries
US-based start-up SorbiForce uses no toxic products or metals in production of its batteries. It claims its systems are cheaper and safer than lithium-ion batteries and have near zero end-of-life waste.
Texas to host 300 MW of geomechanical energy storage projects
Quidnet Energy, a provider of geomechanical energy storage (GES) technology, has joined hands with distributed energy resources developer Hunt Energy Network to deliver 300 MW of storage projects in the Electric Reliability Council of Texas (ERCOT) grid operating region.
India launches 2.4 GW of renewables tenders
Solar Energy Corp. of India (SECI) has kicked off 2.4 GW of renewables tenders, including a 1.2 GW procurement exercise and a 1.2 GW round.
Australian hydrogen developer hits purity high in testing
Natural hydrogen explorer Gold Hydrogen says it has uncovered 95.8% pure hydrogen at its Ramsay Project on South Australia’s Yorke Peninsula as it seeks to tap into growing demand for the gas as a clean energy source.
Poland’s new capacity market auction could hamper storage deployment
The draft parameters for this year’s capacity market auction in Poland could make the rollout of battery energy storage systems (BESS) much more difficult. The document proposes a significant reduction to the BESS derating factor that could be particularly harmful for longer duration storage systems.
