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The newly commissioned plant will supply hydrogen directly to JSW Steel’s DRI unit.
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The latest funding round includes participation from investors such as Goldman Sachs, KIRKBI, and Mosaic Capital.
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The company will commence the T&I campaign for foundations in early 2029.
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Pumped storage is already operating at scale, integrates easily with existing power systems and can earn revenue from multiple markets.
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A renewed wave of drone and missile strikes on Ukraine’s energy system have destroyed or damaged most thermal power plants, and struck substations that supply the Khmelnitsky and Rivne nuclear power plants.
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