Global Scans · Energy Tech · Weekly Summary

• [New] Public procurement of new generation capacity: As it currently stands new public procurements are expected on 2.6 GW of solar PV, 3.2 GW of wind power and 3.7 GWh of battery energy storage systems by 2030. GreenCape
• [New] 35% of new jobs could be created through energy efficiency measures and another 25% in power systems, particularly in wind, solar and modernising and strengthening electricity grids. IEA
• [New] Statera Energy has secured planning consent from East Devon District Council for a 290 MW battery energy storage scheme of up to 6 hours duration connected directly to Exeter substation which could instantaneously power over 650,000 homes. Statera Energy
• [New] TfL is developing wider projects to improve energy efficiency and identify opportunities to generate renewable energy across its estate. Transport for London
• MENA has excellent potential for low-carbon energy through renewables (mostly solar), and through a geological and industrial endowment suited for carbon capture, storage and use (CCUS). SpringerLink
• Researchers and companies in Canada are using AI to create incredible new innovations and job opportunities across all facets of the Canadian economy, from drug discovery to energy efficiency to housing innovation. Prime Minister of Canada
• In 2010, California approved Assembly Bill 2514, requiring the California Public Utilities Commission to set and meet energy storage procurement targets for investor-owned utilities, totaling 1.33 GW of storage capacity completed by 2020 and implemented by 2024. Center for Sustainable Systems
• The storage units in both projects will help decouple electricity dispatch from production, thereby mitigating the intermittent nature of solar power and enhancing the stability of the Greek electricity grid. GreekReporter.com
• Countries bordering the North Sea region are working to develop a hub-and-spoke model of offshore wind energy distribution to improve efficiency and better account for variable wind volume, a collaborative process which could provide an important template for other areas around the world. Global Energy Monitor
• The ESS battery manufacturing facility, called LG Energy Solution Arizona ESS, will produce lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). Morningstar, Inc.
• Energy demand will continue to increase Even as the global economy becomes more energy efficient, population and economic growth will drive increasing global energy consumption through 2040 and beyond. Cohen & Steers
• Carbon markets are expected to play an important role in achieving climate, energy security, and sustainable development goals by boosting the efficiency of energy transitions and raising money for clean energy projects. Businessday NG
• Improving the efficiency of hydrogen production is crucial to the success of strategically located Energy Hubs that will integrate various energy vectors to meet national power demands and facilitate European and Worldwide energy export. Net Zero Technology Centre
• Bulgaria's energy strategy, for example, outlines plans to expand the Chaira pumped storage hydropower plant by 2030, construct 1 GW of new pumped-storage facilities by 2035, introduce 600 MW of battery storage by 2030, and implement 1.5 GW of seasonal storage systems by 2050. Renewablesnow.com
• With portfolio companies including some of Australia's leading renewable energy and sustainable off grid power solutions businesses, we have an important role to play in Australia's energy transition which will need to be delivered through a decentralised solution. Thailand Business News
• The United States Department of Energy has set aside a total of $44 million to improve the reliability of clean power distribution, including $34 million for tools that will advance a clean, reliable electricity grid run on wind and solar energy. rigzone.com
• Argonne-led studies investigate how hydropower could help Alaska add more clean energy to its grid, how it generates value as grids add more renewable energy, and how liner technology can improve hydropower efficiency. Tech Xplore
• Experts agree that the continued development of sustainable electricity sources will not only help with energy efficiency but also ensure greater accessibility to energy worldwide. IEEE Spectrum
• India's Reliance Industries, the world's second largest energy company, has announced plans to invest $10 billion in clean energy between 2021 and 2024, creating U.S. export opportunities for products such as polysilicon, solar trackers, energy storage, and electrolyzers for hydrogen production. International Trade Administration | Trade.gov
• The Budget funds eight crosscutting DOE Earthshots initiatives which could substantially reduce the cost of energy for the American consumer through innovations in clean energy generation, energy efficiency, and storage. The White House
• The more wind and solar energy added in the Netherlands in the coming years, the more storage capacity the Dutch energy system will need. IO
• The development of flexibility solutions such as battery energy storage systems will play a major role in integrating renewable energies and accelerating the energy transition by guaranteeing the efficiency, reliability and security of energy systems. MarketScreener

Last updated: 21 April 2024