Low carbon hydrogen to play defining role in energy transition, says GlobalData
The hydrogen market has progressed rapidly in recent years due to its growing application in industries like the transport, industrial, energy, aerospace, defence, and construction sectors. Against this backdrop, low carbon hydrogen is gaining traction as a critical component to achieve energy transition and long-term decarbonization goals, says GlobalData a leading data and analytics company. The global demand for pure hydrogen stood at nearly 74MMT (million metric tons) per year in 2021, of...
Nexans launches the first low-carbon power grid cable offering in France
The first range of low-carbon power grid cables available on the French market guarantees a minimum 35% reduction in greenhouse gas emissions compared to standard cables This offer is built on the guaranteed use of low-carbon aluminium and recycled plastic, as well as the use of renewable or decarbonised energies in manufacturing the cables. Products are 100% manufactured in France Access to the CO2 data of these cables is guaranteed so that all the players in the chain can monitor and...
Danfoss to Power All North America Facilities with Solar Energy by 2025
Danfoss Solar project: L to R: Rodney Mumm, head of Danfoss Global Services in North America; Soren Revsbech Dam, Head of ESG, Global Services Real Estate; and Leart Berisa, Category Manager, Global Services are excited to announce the solar power purchase agreement for Danfoss’ North America facilities as part of the company's ESG commitment. Agreement marks another milestone toward commitment to decarbonize operations by 2030 With an eye toward achieving their global decarbonizat...
TECO 2030 Starts Manual Production of Fuel Cell Stacks
NARVIK, Norway - TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516), a leading supplier of fuel cell technology, has announced the start of manual fuel cell stack production at its Innovation Center in Narvik, Norway. The manual production of fuel cell stacks is an essential step towards the commercialization of TECO 2030's fuel cell technology. The fuel cell stacks are the core of TECO 2030's hydrogen fuel cell system, which will provide clean, efficient, and reliable power for marine a...
Geopolitics and energy transition are the most pressing themes for oil and gas industry in 2023, says GlobalData
Geopolitics has become a pivotal macroeconomic theme for the oil and gas industry ever since the start of the Ukraine conflict. The fallout of this conflict is also critically impacting the supply chain theme as newer alliances are being forged. Nevertheless, oil and gas companies will continue to pursue newer industry themes that support the energy transition towards zero emission technologies, such as renewables, low-carbon hydrogen, carbon capture and storage (CCS), and electric vehicles (EV)...
EnergyHub Is First DERMS to Exceed One Million Devices Under Management
Largest ecosystem of distributed energy resources in North America: Expands EV and battery access for utilities (New York) – This month, EnergyHub became the first distributed energy resource management systems (DERMS) provider to have more than one million distributed energy resources (DERs)—including smart thermostats, electric vehicles (EVs) and EV charging equipment, energy storage systems, water heaters, and more—under management. The company works with more than 60 utility client...
Market Reforms Needed to Power the Energy Transition in PJM and MISO
New ACORE, Grid Strategies Reports Encourage Grid Operators to Fully Utilize Capabilities of Wind, Solar, and Battery Storage WASHINGTON, D.C. – As many grid operators evaluate how to adapt their markets for the renewable energy transition, the American Council on Renewable Energy (ACORE) and Grid Strategies are releasing two white papers today to help guide needed reforms in two of the largest electricity markets in the United States: PJM Interconnection (PJM) and the Midcontinent Indep...
Assembling the world’s largest floating offshore wind farm
Floating offshore wind will be key to delivering cost-effective renewable energy to consumers. Equinor is leading the way in developing this technology with Hywind Tampen, the largest floating wind farm to date. A smooth production line was needed from component load-in to turbine assembly, but deep foundations meant that lift capacity was needed far from the quay edge. To reduce the CO2 emissions of its offshore operations, energy major Equinor planned to construct the world’s largest f...
Metsä Wood to supply LVL products for Modvion’s wooden wind turbine towers
Swedish wood technology company, Modvion, and the Finnish wood product company, Metsä Wood, have agreed to supply laminated veneer lumber (LVL) for Modvion's wooden wind turbine towers. “Building renewable energy with renewable materials can enable net-zero energy production from wind,” said Pär Hallgren, Head of Procurement at Modvion. “Metsä Wood is an important partner in our journey to become a leading supplier of the next generation of sustainable wind turbine towers, which will also ma...
Siemens Inks 1GW Solar Inverter Agreement with Lightsource bp
Siemens to supply solar inverter stations to multiple Lightsource bp projects throughout U.S. New agreement demonstrates leadership in growth of U.S. utility scale solar sector Lightsource bp recently signed a Volume Frame Agreement (VFA) with Siemens to supply solar inverter stations for a series of projects in the Midwest and Southeast of the United States. Per the VFA, Lightsource bp will use more than 850MW of Siemens inverters, with an option to add 200MW more, over the course...