energy investment News
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COP28 Goal of Tripling Renewables Feasible Only with Urgent Global Course Correction
Achieving the global target set at COP28 to triple renewable power capacity by 2030 relies heavily on establishing conducive conditions for such growth. Tripling renewable power capacity by 2030 is technically feasible and economically viable, but its delivery requires determination, policy support and investment at-scale. Tracking COP28 outcomes: Tripling renewable power capacity by 2030 ...
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Siemens Energy Addresses the Shortage of U.S. Power Transformers and Invests in New Factory
Today, only 20% of U.S. large power transformer demand is met by domestic supply with lead times of up to five years. Power transformers provide the link between generation and distribution and are a crucial part of any electricity distribution network where they convert high-voltage electricity into lower voltages. Custom built and around the size of a standard school bus, power transformers are ...
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Clarke Energy Australasia Grand Opening Celebrations in Adelaide
Clarke Energy Australasia, a subsidiary of the global powerhouse KOHLER Company, recently officially opened its new regional headquarters in Adelaide, South Australia. The state-of-the-art facility is a testament to the company’s position as the premier provider of power solutions across Australia, New Zealand, and the South Pacific region. On Friday, 24 November 2023, the red carpet was ...
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Biden Administration Invests $2.3 Billion in Projects to Expand Clean Power in Rural Communities
As part of President Biden's Investing in America agenda, U.S. Department of Agriculture Secretary Tom Vilsack this week (March 6) announced that USDA is moving forward on clean energy investments in 23 states to reduce pollution and strengthen rural America's power grid. The announcement includes the first five awards totaling $139 million under the Powering Affordable Clean Energy (PACE) ...
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Major Growth of Clean Energy Limited the Rise in Global Emissions in 2023
Global energy-related carbon dioxide (CO2) emissions rose less strongly in 2023 than the year before even as total energy demand growth accelerated, new IEA analysis shows, with continued expansion of solar PV, wind, nuclear power and electric cars helping the world avoid greater use of fossil fuels. Without clean energy technologies, the global increase in CO2 emissions in the last five years ...
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Biden Administration Announces Over $46 Million to Enhance EV Charging Reliability
The Biden-Harris Administration this week (Jan 19) announced $46.5 million for 30 projects in 16 states and Washington, D.C. to boost electric vehicle charging performance, resiliency, and reliability; support equitable access to clean transportation solutions; and grow the clean energy workforce. The number of EVs on America's roads has more than quadrupled since President Biden took office and ...
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ENVIRIA - Germany’s leading commercial and industrial (C&I) solar company - secures capital commitment of over USD 200 million from BlackRock
ENVIRIA, Germany’s leading commercial and industrial (C&I) decentralized energy solutions provider, announced it has entered into a definitive agreement on an equity investment of over USD 200 million from BlackRock, through its Global Renewable Power IV (GRP IV) fund. The additional capital will support the expansion of the already existing 500 C&I solar projects across Germany as ...
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New Study Shows Clean Energy Transition Thrives in 2023, Boosted by Federal Policies
U.S. clean energy sectors demonstrated their resiliency in 2023, with both mature and emerging decarbonization solutions seeing growth despite higher interest rates and supply chain difficulties. This strong performance by clean energy sectors is bolstered by a suite of federal policies that provide clear market signals to invest, according to the 2024 Sustainable Energy in America Factbook ...
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DOE Announces Up to $70 Million to Strengthen Energy Sector Against Physical and Cyber Hazards
The U.S. Department of Energy this week (Jan 4) announced up to $70 million in funding to support research into technologies designed to increase resilience and reduce risks to energy delivery infrastructure from a variety of hazards, including cyber and physical threats, natural disasters, and climate-change fueled extreme weather events. This new competitive funding opportunity will be ...
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Service Team Complete 30,000 Hour Overhaul in Nigeria for Chi Farm
Clarke Energy’s service team in Nigeria has achieved a major milestone by recently completing the first major scheduled overhaul of a INNIO Jenbacher engine at our premises in Lagos. The Jenbacher J412 engine had completed 30,000 hours of operation at Chi Farm in Ibadan and was transported back to our workshop in Lagos. Our team of service engineers, who are trained to the highest OEM ...
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Enel markets portions of its 1.7-GW Italian BESS property to the Sosteneo fund.
Enel SpA, announced on Friday that it has reached a deal to divest 49% of a stake in an Italian firm that possesses the rights to a portfolio of 1.7 GW of battery energy storage systems (BESS) and several open cycle gas turbine (OCGT) plants. A domestic subsidiary of the utility, Enel Italia SpA, will sell Sosteneo Fund 1 HoldCo Sarl its stake in Enel Libra Flexsys Srl for approximately EUR 1.1 ...
By Enel SpA
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MISO's 2023 Value Proposition Estimated at Nearly $5 Billion
MISO estimates that it delivered nearly $5 billion in benefits to its operating region in 2023, continuing to build upon its vision to be the most reliable, value-creating regional transmission organization."The electric industry is facing extremely complex challenges, and MISO continues to deliver exceptional value to help our members and states achieve their goals," said MISO's Chief Executive ...
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DOE Announces $131 Million to Supercharge America's EV Battery Supply Chain
The U.S. Department of Energy this week (Jan 18) announced more than $131 million for projects to advance research and development in electric vehicle batteries and charging systems, and funding for a consortium to address critical priorities for the next phase of widescale EV commercialization. The advanced battery consortium will work towards developing advanced technologies that will ...
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2023 Year in Review: Advancing Puerto Rico's Grid Recovery and Modernization
Natural disasters in recent memory have posed significant challenges to Puerto Rico's electrical grid and the more than three million residents it serves. In September 2017, Hurricanes Irma and Maria caused most of the transmission and distribution system in Puerto Rico to collapse, leading to one of the longest blackouts in U.S. history and leaving residents in some parts of the territory ...
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2023 Year in Review: Advancing Puerto Rico's Grid Recovery and Modernization
Natural disasters in recent memory have posed significant challenges to Puerto Rico's electrical grid and the more than three million residents it serves. In September 2017, Hurricanes Irma and Maria caused most of the transmission and distribution system in Puerto Rico to collapse, leading to one of the longest blackouts in U.S. history and leaving residents in some parts of the territory ...
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