cairo energy invests in energy storage project
Energy fund invests in pumped storage hydro, wind project
Energy transition fund Foresight Energy Infrastructure Partners (FEIP) has made its first investment in pumped storage hydro technology, to help construct a combined pumped storage and wind facility in Scotland. The project will be located at the disused 1,547 acre Glenmuckloch opencast coal mine near Kirkconnel, Scotland, and …
Idemitsu: Japanese oil major in energy storage JV
August 3, 2023. Schematic of the new JV business. Image: RENOVA Inc. Idemitsu Kosan, Japan''s biggest petroleum producer, has launched an energy storage business and announced its first lithium battery project. The company is in the joint venture (JV) Himeji Energy Storage Facility together with SMFL Mirau Partners, a subsidiary of Sumitomo ...
Kibo Energy, Enerox Invests in Energy Storage in Southern Africa
Renewable energy producer Kibo Energy has signed a partnership agreement with Enerox, the developer of the CellCube brand to develop and install electricity storage systems in Southern Africa. The partnership between the Enerox Group and Kibo Energy covers the marketing, sales, configuration and delivery of electricity storage …
Recurrent Energy Announces $500 Million Capital Commitment from BlackRock to Grow Its Global Renewable Energy Platform
Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, announced today that Recurrent Energy B.V. has secured a $500 million preferred equity investment commitment, convertible into common equity, from BlackRock through a fund …
Penso Power and Luminous Energy get green light for five-hour BESS project in UK
Welbar Energy Storage joint venture – made up of Penso Power and Luminous Energy – has secured planning permission for a 350MW connection capacity battery storage development with a five-hour duration in the UK. The project in Hams Hall, North Warwickshire, includes approval for more than 1,750MWh of battery storage, with …
Aquila Capital buying 440MWh of battery storage projects in South Australia
Gransolar''s dedicated energy storage subsidiary E22, said this morning that an agreement is in place concerning the sale of 220MW/440MWh of battery energy storage system (BESS) facilities. Aquila Capital will acquire a pipeline of large-scale battery storage projects in development in Australia, from Spain''s Gransolar Group.
TC Energy invests in alberta pumped hydro energy storage project
May 20, 2020 CNW CALGARY – WindRiver Power Corporation is pleased to announce that TC Energy Corporation has closed an equity investment in Turning Point Generation ("TPG"), a WindRiver subsidiary. TPG is the developer and 100 per cent owner of the Canyon Creek Project, a planned pumped hydro energy storage facility to be…
Foresight Energy invests in Silvermines pumped storage hydro project
Foresight Group''s energy transition fund Foresight Energy Infrastructure Partners (FEIP) has committed an investment into the development of the 360MW Silvermines pumped storage hydro project in Ireland. In this regard, the energy transition fund has acquired an equity stake in the Irish hydropower project. To be developed on a …
Rystad Energy: Egypt Invests in Green Hydrogen Economy
Rystad Energy: Egypt Invests in Green Hydrogen Economy. 19 May 2022 by energyglobal . COP27 host Egypt has committed US$40 billion to green hydrogen economy to attract foreign investment. Egypt''s pipeline for green hydrogen projects stands at 11.62 GW, equivalent to over 1.57 million t of green hydrogen, …
Vanadium producer Bushveld invests in scale up of Enerox flow battery manufacturing
Bushveld is among the consortium, Enerox Holdings Limited, that owns Enerox, which makes and markets its energy storage systems from offices in Austria under the brand name Cellcube. The South African company, which is listed on the London Stock Exchange, said it has already put US$5 million towards Enerox''s US$30 million plan to …
EGYPT: Amarenco invests in solar energy through a joint venture with SolarizEgypt
Irish energy company Amarenco has signed an agreement with SolarizEgypt to jointly develop a 300 MW solar power portfolio for commercial and industrial (C&I) customers in Egypt. It''s a game-changing combination in Egypt''s highly dynamic renewable energy market. Amarenco, an independent power producer (IPP) based in …
TC Energy invests in WindRiver''s 75-MW pumped storage project …
Canadian energy company TC Energy Corp (TSE:TRP) has completed an equity investment in Turning Point Generation (TPG), which owns a 75-MW pumped storage hydroelectric project in Alberta, Canada, it was announced on Wednesday. TPG''s parent, WindRiver Power Corp, welcomed TC Energy''s investment in the Canyon Creek …
Queensland government invests in 200MWh Tesla Megapack BESS at coal power plant site
Rendering of the 200MWh BESS at Kogan Creek, Queensland. Image: CS Energy. A 100MW/200MWh battery energy storage system (BESS) comprising Tesla Megapacks will be built by a state-owned power company in Queensland, Australia.
Taaleri invests in EUR-20m energy storage project in Finland
Finnish investment and asset manager Taaleri Oyj (HEL:TAALA) said on Wednesday that its renewables business is entering the energy storage market by investing in a 30-MW/36-MWh battery system in Lempaala. Taaleri Energia''s EUR-20-million (USD 21.4m) investment comes in the form of an order placed with technology firm Merus …
Queensland state budget funds battery storage buildout ''blitz''
Queensland, Australia, needs energy storage and the state government has identified batteries as the fastest way to add it to the electricity network. The government said on Friday that it is funding the rollout of 13 separate large-scale battery storage projects. A state minister described as a "battery blitz" which will create up to 336 ...
Chevron does U-turn and invests in Utah green hydrogen project
Image: Advanced Clean Energy Storage I/Mitsubishi Power Americas. Oil and gas major Chevron has performed a U-turn and invested in ACES Delta in Utah, US, one of the largest green hydrogen projects in the world, citing a "change of circumstances" when asked by Energy-Storage.news. Through Chevron New Energies, the company …
Grenergy plans ''world''s largest'' 4.1GWh Chile battery storage
Spain-based developer and IPP Grenergy has detailed its investment plans for 2023-2026, totalling US$2.6 billion including what it claimed is the ''largest BESS in the world'' in Chile. According to its Strategic Plan 2023-2026, the IPP will commit US$2.6 billion to these expansions, with US$1.5 billion allocated to solar PV and US$800 ...
Egypt signs letter of intent to join Battery Energy Storage …
Sun, 03 Dec 2023 - 06:10 GMT. CAIRO - 3 December 2023: Egypt signed a letter of intent to join the Battery Energy Storage Systems Alliance (BESS), which is one of the main initiatives of the Global Energy Alliance for People and Planet (GEAPP) during COP28 in Dubai. Egypt''s signature brings the number of joining countries to 10 countries, as ...
Battery storage: Brookfield''s X-ELIO invests in German Eco Stor
Eco Stor is a battery storage project developer and battery energy storage system (BESS) integrator. After this deal, X-ELIO, NIC, company management and ''certain existing shareholders'' will continue to invest in progressing the company''s BESS project pipeline in Germany, which totals 6GW.
Sustainable large-scale energy storage in Egypt
The project aims at providing the scientific, technological and policy basis required for the development and implementation of large-scale energy storage in Egypt, enabling increased penetration of renewable energy sources in the Egyptian energy system. In order to achieve the project targets, the major research efforts will be dedicated to (i ...
Energy Vault working on 500MWh battery project for Australian solar power plant
The battery storage division at gravity energy storage company Energy Vault has been contracted to work on a 250MW two-hour duration project at a solar PV plant in Victoria, Australia. Energy Vault said that it has been given Notice to Proceed from Meadow Creek Solar, the developer of a 330MW solar farm of the same name, a location …
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