Author: solarenergy

At Intersolar Europe 2024, pv magazine spoke with Edurne Zoco, Executive Director of Clean Energy Technology at S&P Global Commodity Insights, about module price developments, increasing demand for solar energy and PV panel production outside China. She claims that panel prices could stabilize in the second half of this year or early 2025 and that the seven largest Chinese manufacturers could even continue with their capacity expansion plans. She also believes that without further substantial incentives, Europe will not be able to create a domestic PV supply chain. June 25, 2024 Mark Hutchins Edurne Zoco and PV magazine director Mark…

UK-based solar and energy storage developer Elements Green has secured planning permission for its Staythorpe Battery Energy Storage System (BESS) project in the UK. The system will be combined with a gigantic 800 MW solar park. June 25, 2024 Marija Maisch From pv magazine ESS news placeBritish developer Elements Green has been granted planning permission for its 360 MW/720 MWh Staythorpe BESS project, located in the northwest of Newark-on-Trent, Nottinghamshire, in the United Kingdom.The project is expected to enter service in August 2026 and is expected to have an operational life of 40 years.“We are preparing to begin construction and…

After finding growth in its home market and Poland, Czech Republic-based Woltair has raised venture capital to expand its software platform for heat pumps and PV systems, used by both installers and homeowners, into Germany and Italy. June 25, 2024 Valerie ThompsonCzech Republic-based Woltair is expanding into Italy and Germany, after setting up its online heat pump and solar PV business in the Czech Republic and Poland. The growth takes advantage of the housing market’s switch to heat pumps and the adoption of solar energy on roofs. It entered Germany and Italy after raising €20.5 million ($22 million) venture capital…

Carbon Credit Global Market Report 2024 – Market Size, Trends and Global Forecasts 2024-2033 The Business Research Company’s Carbon Credit Global Market Report 2024 – Market Size, Trends and Global Forecasts 2024-2033 You can now pre-order your report to quickly meet all your needs — The Business Research CompanyLANDON, GREAT LANDON, UK, June 25, 2024 /EINPresswire.com/ — The global carbon credit market has grown exponentially, from $398.4 billion in 2023 to $526.32 billion in 2024, at a compound annual growth rate (CAGR) of 32.1%. This growth is fueled by international climate agreements, corporate social responsibility initiatives and investments in renewable…

Investigators are combing through the wreckage after a fire at a lithium factory in South Korea killed 23 people Investigators combed the charred wreckage of a South Korean lithium factory on Tuesday to find the cause of a massive fire that killed 23 people in one of the country’s worst factory disasters in years. The fire service said 23 people have now been confirmed dead, including 17 Chinese nationals – one fewer than the initial number of 18, while identification work is underway. “We plan to confirm the identities of the victims by collecting DNA from their bodies,” firefighter Kim…

Three Gorges Energy has received US$10.89 billion in financing for 2024. Total installed renewable energy capacity exceeded 40 GW at the end of 2023, while total assets exceeded CNY310 billion. June 25, 2024 Vincent Shaw Image: China Three GorgesThree gorges has announced plans to secure approximately CNY79.1 billion ($10.89 billion) in external financing by 2024. This includes approximately CNY14 billion in equity financing and approximately CNY65.1 billion in debt financing. The funds will primarily support investments in onshore wind energy, solar farms, offshore wind energy, the construction of energy bases, investments in industrial chains, research and development expenditure and technological…

A group of researchers have investigated how high-temperature heat pumps can be scaled up for industrial applications and have found that larger setups promise higher efficiency. They also found that smaller setups show a better coefficient of performance due to design effects. June 25, 2024 Lior KahanaA European research team has investigated the scale-up effects of high temperature heat pumps (HTHP) using the refrigerant R1233zd(E) and found that their size is a key factor in the coefficient of performance (COP).In particular, the group compared the performance of two laboratory-scale HTHPs with different capabilities to make valid general statements about the…

Transgrid – the owner of the electricity grid in New South Wales, Australia – plans to roll out up to 14 synchronous condensers and 4.8 GW of batteries with grid-forming capabilities to stabilize the electricity grid as coal-fired power stations retire and more renewables emerge online. June 25, 2024 David CarollBy pv magazine AustraliaTransgrid, which operates the electricity transmission system in New South Wales, has said the growth of inverter-based sources and the departure of the state’s coal generators are driving an urgent need to add new sources of system power to the energy system.“Our energy system is undergoing a…

Rolls-Royce has started developing a hydrogen combustion engine for combined heat and power (CHP) systems in Germany, while Lhyfe has installed a 1 MW electrolyzer for Deutsche Bahn. June 25, 2024 Sergio MatalucciRolls Royce has started developing technologies for a “first of its kind” hydrogen combustion engine to power combined heat and power (CHP) systems. Company said that within the framework of the Phoenix project (funded by the German government), the consortium aims to match the power density and efficiency of current natural gas CHP units, up to 2.5 MW. The project will receive almost €5 million ($5.36 million) in…

National electricity grid for renewable energy sources commenced operations at the Wild Springs Solar Project in Pennington County, South Dakota. Wild Springs, the largest solar project in South Dakota to date, is a 128 MW solar project located in the Southwest Power Pool (SPP) with a 114 MW power purchase agreement (PPA) with Basin Electric Power Cooperative. Credit: National Grid Renewables “The completion of Wild Springs marks an important step in our commitment to bringing clean, sustainable energy solutions to the state of South Dakota,” said Blake Nixon, president of National Grid Renewables. “We are excited to see the impact…