16 January 2024
16 January 2024
The upgrades were completed as part of a multiyear service agreement between GE Vernova and Alghanim.
The project will produce between 13 and 15 terawatt hours (TWh) of electricity each year, meeting the needs of the Blekinge and Skåne regions.
The project is located next to QEM's Julia Creek vanadium and oil shale project in north-west Queensland.
The project’s floating platforms will offer a less invasive seabed footprint than fixed structures.
Wind power produced 19% of Europe’s total electricity output last year.
Despite campaigns from locals, the UK Government has signed a development consent order, allowing early construction to begin.
Last year's power sector winners are Iberdrola, TotalEnergies, Ørsted, BP and Enel.
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.
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