The Briefing on Power
1The latest news, trends and data from the power industry
power in numbers
The US Department of Energy has announced $28m of funding for five projects looking to advance the next generation of geothermal technologies.
Spanish utility Ibedrola has partnered with Fertiberia to build Europe's first large-scale green hydrogen project. The plant will ultimately avoid 39,000 tonnes of CO2 a year.
Swedish battery maker Northvolt has raised $1.6n of debt. Doing so has more than doubled the company's capital as it prepares its first gigafactory, in northern Sweden. A second such facility is planned to follow in Germany.
The US Department of Energy has announced $100m in funding over five years for advancing artificial photosynthesis for the production of fuels from sunlight.
Major Project Status has been granted to Sun Cable’s proposed Australian-ASEAN Power Link, a A$22bn project that would be one of the world’s largest dispatchable renewable electricity systems.
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top projects kicking off this month
Queensland announces completion of Energex electricity project
The Government of Queensland in Australia has announced the completion of the A$100m ($70m) Energex electricity transmission project.
The SunCoast electricity project includes a 17km long, 132kV SunCoast power line stretching between Palmwoods and West Maroochydore. This will supply electricity to more than 275,000 homes in the region.
Azure Power wins award for 2GW solar power project from SECI
Indian company Azure Power has received a letter of award (LoA) for a 2GW interstate-transmission solar power project from the Solar Energy Corporation of India (SECI).
Chan May LNG to build power project in Vietnam with $6bn investment
US-Vietnamese joint venture Chan May LNG has reportedly planned to invest nearly $6bn in a power project in Vietnam.
Chan May LNG CEO John Rockhold said his company will build the LNG project in Thua Thien Hue province. Plans include a 4GW power plant, LNG terminal and storage facilities.
Paying a premium: how commodity exchanges are going green
Pricing pollution is hard. New regulations are fought over tooth and nail. The companies responsible often have deep pockets and persuasive arguments about the threat to jobs, or from foreign competition. But what if the push of regulation is replaced with the pull of the market? What if buyers of crucial commodities – energy, metals, agricultural products – could identify and purchase those made with a lower environmental footprint, paying a premium that incentivised cleaner production?
Read more: Power-Technology
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