Higher gas costs driving up European electricity prices, says AleaSoft
AleaSoft Energy Forecasting says European electricity prices rose last week due to lower wind energy production and higher gas prices. All analyzed markets, except France and the Nordics, recorded average prices above €100 ($104.85)/MWh.
South African battery storage procurement draws 33 bids
The list of preferred bidders for the third window of South Africa’s Battery Energy Storage Independent Power Producers Procurement Program (BESIPPPP) will be announced in February 2025.
EnerVenue to supply nickel-hydrogen batteries to RWE for pilot testing
RWE plans to cycle EnerVenue’s nickel-hydrogen energy storage technology at its testing facility in Milwaukee, Wisconsin. RWE says it wants to boost its own storage capacity to 6 GW by 2030.
Germany could deploy 10 million heat pumps by 2030
Scientists have used open-source models to simulate heat pump rollout scenarios for the year 2030. Additional investments of around 54 GW to 57 GW of solar PV capacity in a least-cost solution would allow the installation of 10 million heat pumps by the end of the decade.
US starts solar cell manufacturing to close supply chain gap
The “US Solar Market Insight Q4 2024” report, published by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, states that domestic module manufacturing will be able to match the rapid pace of growth in the US solar industry, with cell production also ramping up.
Gujarat leads India with 46% of rooftop PV installations under subsidy scheme
The state of Gujarat leads India in residential rooftop solar adoption, accounting for 46% of the 616,019 systems installed nationwide under the PM-Surya Ghar: Muft Bijli Yojana initiative as of Nov. 21, 2024.
Swiss utility to support more targeted use of solar power with dynamic tariff
Swiss energy company CKW says its new tariff, which will calculate prices according to kilowatts, rather than just kilowatt-hours, will incentivize more targeted use of solar power during the day.
European Commission opens second hydrogen auction
The European Commission’s second hydrogen auction allocates €1.2 billion ($1.3 billion) for projects supporting renewable hydrogen production, with €200 million earmarked for projects with off-takers in the maritime sector. Bidding is open until Feb. 20, 2025.
Bidding opens for 234 MW of floating solar in India
Damodar Valley Corp. (DVC) has started accepting bids to set up a 234 MW (AC) grid-tied floating PV plant on its Maithon Dam Reservoir in Jharkhand, India. Bidding closes on Jan. 7.
BMW plans center in Germany to pioneer new battery recycling method
BMW Group’s battery recycling method involves raw materials from battery cells being fed back “directly” into the cell production cycle, creating a closed loop method.
