04 December 2023
04 December 2023
COP28 is set to see countries offer a response to the Global Stocktake synthesis report, published earlier this year, which showed that the world remains well off track from its climate targets.
At a high-level summit hosted by the US, UAE and China, the COP28 Presidency unveiled a raft of announcements targeting methane emissions.
The consortium's members are targeting 5GW of BESS by the end of 2024 and creating a roadmap to reach their 90GW goal by 2030.
The Aldoga plant entails an investment of $333.7m and will supply output to Stanwell for its green hydrogen project.
Earlier this year, offshore wind developers were forced to drop projects in Connecticut, New Jersey and Massachusetts owing to supply delays, lack of new tax credits and high interest rates.
The loan will build new infrastructure, reinforce and expand the energy distribution network and develop electric mass transportation systems.
Partnering with Mitsubishi Power, Centrica aims to develop the first ammonia-fired power plant in Europe.
A moderately paced energy transition will see 28 petrostates lose over half their fossil-fuel revenues by 2040 as demand declines and prices tumble, according to new research from Carbon Tracker.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Per GlobalData, the market for battery energy storage is estimated to grow to $14.89 billion in 2027, driven by several factors including, the fall in battery technology prices and the increasing need for grid stability and resilience of the integration of renewable power in the power market. Lithium-ion has eclipsed lead-acid as the primary technology for battery storage deployment.
The power industry is investing heavily in AI and ML to help decarbonize the energy sector, such as sensor-connected power plants and smart grids to balance electricity supply and demand. AI is driving measurable improvements in renewable energy forecasting, grid operations and optimization, the coordination of distributed energy assets, and demand-side management.
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