MIT’s new liquid battery system could make renewable power more competitive
John F Elliott material chemistry professor Donald Sadoway and his colleagues have developed a new formula that enables the battery to work at a temperature of more than 200°C, lower than the earlier formulation developed by them.
Go deeper with GlobalData
In addition to this, the team has simplified the battery’s design and extended its working life and is less costly to manufacture.
GE, Toyo and Kuni Umi invest in 238MW solar plant in Japan
Kuni Umi Asset Management, GE Energy Financial Services and Toyo Engineering have invested in 238MW solar power project, which will be constructed in Setouchi City, Okayama Prefecture, Japan.
The companies made the investment through a special purpose company, Setouchi Future Creations.
GE Energy Financial Services holds 60% interest in the project.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataJapan to proceed with Sendai nuclear plant restart despite volcanic eruption risks
The Government of Japan intends to push with its plans to restart two nuclear reactors, depite the sudden volcanic eruption in its central region.
The two nuclear reactors scheduled for revival are located near active volcanoes.
Public concerns are high over the restart of the nuclear plants following the Fakushima disaster in 2011.
Located 200km from Tokyo, Mount Ontake erupted on 27 September, killing ten people.
Argentina selects Abengoa for $147m power transmission project
Argentina’s Federal Electricity Board has chosen Abengoa, a firm providing technological solutions for sustainability in the energy sector, for the development of a new power transmission project, worth $147m.
The project is intended to supply part of the electricity in an efficient and sustainable manner.
The company will handle the engineering, construction and commissioning of 176km of power transmission lines.
In addition to this, it will build the new Vivoratá transformer station, extend the Bahía Blanca station and improve other existing facilities.
Rosatom signs deal with Jordan to build nuclear power plant
Rosatom has signed a project development agreement with Jordan Atomic Energy Commission to build a nuclear power plant in the Zarqa province of Jordan.
The two-unit nuclear project is expected to have a total capacity of 2,000MW.
The project phase, which has now commenced, will lead to a contract for the plant construction.
The construction contract of the plant is expected to be signed in around 18 to 24 months.
UK gets EU backing for proposed £16bn Hinkley Point power plant
The UK has received the support of European Union regulators for its proposed £16bn Hinkley Point nuclear power plant, following the end of a nine-month EU-state aided probe.
The backing comes as a huge boost for the nuclear industry, which has been facing high costs and safety concerns in western Europe following Japan’s Fukushima nuclear disaster in 2011, reports The Wall Street Journal.
French nuclear firm Électricité de France, which plans to construct new two reactors at Hinkley Point in south-west England, has welcomed the EU’s decision and termed it as “another positive step forward” for the project.
The approval from the EU also serves as a huge boost for the UK, which intends to shift away from coal-fired plants to nuclear plants for power generation in order to avoid future power shortages as old facilities are retired.
South Africa inks $10bn nuclear power deal with Russia
South Africa has signed a $10bn nuclear power cooperation agreement with Russia for the construction of up to 9.6GW of nuclear facilities based on Russian technology.
The agreement for large scale nuclear power plant (NPP) development was signed during the International Atomic Energy Agency General (IAEAG) Conference in Vienna between Russia’s Rosatom State Atomic Energy Corporation director general Sergey Kirienko and South Africa’s Energy Minister Tina Joemat-Pettersson.
South Africa is going ahead with its plans for nuclear power plants despite funding concerns, reports Reuters.
Masdar to acquire stake in UK’s Dudgeon Offshore wind project
UAE-based renewable energy firm Masdar will own a 35% stake in the UK’s proposed Dudgeon Offshore wind farm through a £525m investment.
Norway’s Statoil will retain another 35% stake in the project while Statkraft will own the remaining 30%.
Masdar bought the stake from Statoil.
The 402MW wind farm is located 32km off the coast of Norfolk, the UK, and is expected to power more than 410,000 households once it becomes operational in 2017.
India-based GMR to construct $1.15bn hydropower project in Nepal
The Government of Nepal has given its approval to India-based GMR for construction of the $1.15bn Upper Karnali hydropower plant, which will be the country’s largest hydro facility.
The project will have 900MW of power generation capacity and is expected to ease the country’s chronic electricity shortage.
This would make the largest private overseas investment in Nepal so far.
Safi Energy secures $2.6bn loan for coal-fired power plant in Morocco
Safi Energy Company has received financing of $2.6bn for construction of a 1,386MW coal-fired power plant in Morocco.
The Japan Bank for International Cooperation, the Islamic Development Bank, the Moroccan banks Attijari Wafabank and Banque Centrale Populaire and several other commercial banks will serve as lenders.
Safi Energy is a joint venture between Morocco’s Nareva, France’s GDF Suez and Japan’s Mitsui.
The project will be constructed in the coastal city of Safi. Once it is operational, it is expected to become the second biggest coal-fired power plant in the country.
