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IBM has developed an advanced power and weather modeling technology that will help utilities increase the reliability of renewable energy resources. The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy.
Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewablewind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. Hyundai Motor and Kia, along with Hyundai Mobis Co., Hyundai Wia and Hyundai Transys Inc.,
(TEPCO HD) and Toyota Motor Corporation (Toyota) have developed a stationary storage battery system (1 MW output, 3 MWh capacity) that combines TEPCO’s operating technology and safety standards for stationary storage batteries and Toyota’s system technology for electrified vehicle storage batteries.
Toyota Motor Corporation, Chubu Electric Power Co., and Toyota Tsusho Corporation agreed to establish Toyota Green Energy LLP for the purposes of obtaining and managing renewable energy sources in Japan and supplying electric power from renewable energy sources to the Toyota Group in the future.
China-based Dongfang Electric Corporation (DEC) reported successful testing of non-desalinated seawater electrolysis technology for hydrogen production powered by offshore wind. The floating hydrogen production platform Dongfu One is sited in an offshore wind farm in East China’s Fujian province.
Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.
The US Department of the Interior (DOI) will offer nearly 80,000 acres offshore Maryland for commercial wind energy development in a 19 August 2014 competitive lease sale. BOEM expects to hold additional competitive auctions for Wind Energy Areas offshore Massachusetts and New Jersey in the coming year. Bluewater Wind Maryland, LLC.
Energy investor Good Energies, Google and Marubeni Corporation are investing in the Atlantic Wind Connection (AWC) backbone transmission project. The 350-mile (563-km) long transmission backbone will provide approximately 6,000 MW of offshore wind capacity, enough power to serve 1.9 million households, when fully complete.
Indian Oil Corporation Ltd., India’s flagship national oil company, and Nuclear Power Corporation of India Ltd. It is also pushing into renewable energy sources such as solar, wind, bio-fuels, and hydrogen. NPCIL) recently entered into a joint venture agreement for setting up nuclear power plants across the country.
American Superconductor Corporation ( AMSC ), a global power technologies company, announced in conjunction with Global Wind Day 2010 on 15 June that it has achieved a significant milestone by supporting the production of more than 15,000 megawatts (MW) of wind power worldwide with its proprietary power electronic solutions.
Xcel Energy has released the preliminary results from its wind-to-battery (W2B) storage project in Minnesota, and termed the technology successful. In October 2008, Xcel began testing a one-megawatt sodium-sulfur (NaS) battery ( earlier post ) to demonstrate its ability to store wind energy and move it to the electricity grid when needed.
reported reducing CO2 emissions from global corporate activities in fiscal year 2013 while increasing vehicle production by 5.1%. Nissan is reducing the environmental impact of its corporate activities through widespread power conservation. For example, in Mexico, Nissan is using wind turbines to help run its Aguascalientes plant.
One of the new virtual power plants enables the Munich municipal utility company to run six of its cogeneration modules, five hydroelectric facilities, and one wind-power plant more efficiently and economically than if they were operated separately. Virtual power plants are ideally suited for renewable sources of energy, Siemens says.
Air Products and The AES Corporation plan to invest approximately $4 billion to build, own and operate a green hydrogen production facility in Wilbarger County, Texas. This mega-scale renewable power to hydrogen project includes approximately 1.4
The Road Map stresses the versatility of hydrogen as an enabler of the renewable energy system; an energy vector that can be transported and stored; and a fuel for the transportation sector, heating of buildings and providing heat and feedstock to industry. Demand potential across sectors, base and ambitious cases. million jobs by 2050.
This figure includes investment in projects—such as renewables, storage, charging infrastructure, hydrogen production, nuclear, recycling and CCS—as well as end-user purchases of low-carbon energy devices, such as small-scale solar systems, heat pumps and zero-emission vehicles. from the year prior.
Honda is formalizing its goals for achieving carbon neutrality for all products and corporate activities by 2050, as well as zero traffic collision fatalities involving Honda automobiles and motorcycles globally by 2050. Renewable Energy Efforts in North America. Advanced Battery Technology.
In 2019, Ford became the first corporate customer to enroll in DTE’s MIGreenPower voluntary renewable energy program. Through the program, Ford is purchasing 525,000 MWh annually of Michigan wind energy from DTE’s Isabella and Fairbanks wind parks. DTE is Michigan’s largest producer of renewable energy.
Four key Hyundai Motor Group affiliate companies—Hyundai Motor Company (Hyundai Motor), Kia Corporation (Kia), Hyundai Mobis, and Hyundai Wia—are now members of Climate Group’s RE100 , a global initiative committed to large corporates moving toward 100% renewable electricity.
The renewable energy sector needs to improve risk management and access alternative sources of capital as operational risks rise and governments cut funding due to the uncertain economic environment, according to a new report by the Economist Intelligence Unit (EIU) sponsored by Swiss Re.
Australia-based airline Virgin Australia is partnering with Renewable Oil Corporation (ROC), Dynamotive Energy Systems Corporation and Future Farm Industries Co-operative Research Centre (FFI CRC) to develop a sustainable aviation biofuel that also has benefits for the Australian farming community and the environment.
The California Independent System Operator Corporation (ISO), California’s non-profit grid operator, released its new five-year (2012-2016) strategic plan. Between now and 2020, wind and solar generation will quadruple within the ISO transmission grid at the same time electric vehicle charging increases significantly.
General Motors has made its largest renewable energy procurement to date, purchasing enough wind power to equal the electricity needs of 16 of its US facilities, including business offices in Fort Worth and Austin, Texas, a major assembly and stamping complex in Arlington, Texas, and 13 parts warehouses east of the Mississippi River.
Furthermore, when hydrogen is produced using renewable energy sources such as wind, solar, geothermal, and biomass, CO 2 emissions are minimized during the production process as well. Hydrogen can be used to generate electricity in fuel cell systems and can also be used as a combustion fuel.
ENEOS Corporation has constructed a demonstration plant in Brisbane, Australia, to produce methylcyclohexane (MCH), a liquid organic hydrogen carrier (LOHC), using its proprietary low-cost electrochemical synthesis of organic hydride method Direct MCH. Earlier post.) The plant will begin operation this month.
Valero Renewable Fuels Company, LLC, a wholly owned subsidiary of Valero Energy Corporation, has signed an agreement with ASA Ethanol Holdings, LLC to buy two ethanol plants that had been previously owned by VeraSun Energy Corporation. The purchase of the plant from Renew gives us additional production capacity.
In 2009, combined global revenue for the three major clean-energy sectors—solar photovoltaics (PV), wind power, and biofuels—grew by 11.4% Wind power (new installation capital costs) is projected to expand from $63.5 Last year’s global wind power installations reached a record 37,500 MW. over 2008, reaching $139.1
BYD and the State Grid Corporation of China (SGCC) have finished construction on what may be the world’s largest battery energy storage station. While there are renewable generation systems of this scale in service today, there are no battery systems of this size, the partners noted. billion RMB).
Major corporate and public sector partners in Japan are launching an effort to test a full carbon-neutral hydrogen supply chain powered by renewablewind energy. The four private sector participants are Iwatani Corporation, Toshiba Corporation, Toyota Motor Corporation, and Toyota Turbine and Systems Inc.
Improved energy storage technologies will allow for expanded integration of renewable energy resources like wind and photovoltaic systems and will improve frequency regulation and peak energy management. NSTAR Electric & Gas Corporation (MA). New York State Electric & Gas Corporation.
Huge and immediate need for renewable-based fuels in shipping represents opportunity for investors, according to ‘Fuelling the Fourth Propulsion Revolution’ report released today. This is the equivalent of the entire world’s current renewable energy production. MWh to €156.40/MWh MWh in 2050). billion in 2017 to $1.6 billion in 2019.
American Electric Power has signed on as a corporate sponsor of The Pickens Plan, proposed by oil and gas industry veteran T. Extra-high voltage transmission is necessary to transport renewable energy from where it is most viable to the nation’s population centers. Boone Pickens. Michael Morris.
A Massachusetts startup has signed a license agreement with Battelle to commercialize battery technology that can help store large amounts of renewable energy and improve the reliability of the nation''s power grid. based WattJoule Corporation will advance the commercial use of redox flow battery technology. Earlier post.)
Electrolysis company Hydrogenics Corporation has received an order from E.ON The 2 MW energy storage facility, to be located in Falkenhagen in northeast Germany, will use surplus renewable energy sources to produce hydrogen for storage in the country’s existing natural gas pipeline network. for a “Power-to-Gas” project in Germany.
Russian Rosatom State Atomic Energy Corporation and the EDF Group signed a strategic cooperation agreement in March 2021 to develop green hydrogen in Russia and Europe. —Kirill Komarov, First Deputy Director General for Corporate Development and International Business at Rosatom.
Hydro-Québec and Sony Corporation will establish a joint venture to research and develop a large-scale energy storage system for power grids. Sony and Hydro-Québec plan to establish the new company in June, 2014.
itself will focus on renewables, distribution networks, and customer solutions. SE will have three core businesses: renewables, distribution networks, and customer solutions. will place a particular emphasis on expanding its wind business in Europe and in other selected target markets. SE shareholders. SE shareholders.
Critical materials are used in many products important to the US economy and energy technologies, such as rare-earth elements used to manufacture high-strength magnets for offshore wind-turbine generators and lithium and cobalt in lithium-ion batteries for electric vehicles. Partners: American Lithium Corporation, DuPont Water Solutions.
Toshiba Corporation has delivered battery energy storage systems integrating the company’s SCiB Li-ion battery ( earlier post ) to Kyushu Electric Power Co., for a demonstration project to expand introduction of renewable energy sources on remote islands. The demonstration program will run for three years to fiscal 2016.
made progress in reducing CO 2 emissions and improving sustainability in its global corporate activities in fiscal year 2014 while simultaneously increasing vehicle production and plant energy efficiency. Nissan is utilizing a number of proven forms of sustainable energy generation to help minimize its corporate carbon footprint.
Researchers at the National Renewable Energy Laboratory (NREL) are evaluating the use of blockchain for transactive energy using hardware in the laboratory’s Energy Systems Integration Facility (ESIF). As more renewables are adopted, as more electric vehicles are adopted, continuous expert engineering has to be done.
UPS announced new sustainability goals to add more alternative fuel and advanced technology vehicles to its fleet while increasing its reliance on renewable energy sources. UPS has a goal that 25% of the electricity it consumes will come from renewable energy sources by 2025—a significant increase from the 0.2%
The recently concluded Alberta Renewable Diesel Demonstration (ARDD), Canada’s largest cold-weather study of bio-derived diesel fuels, demonstrated the successful on-road use of low-level blends of biodiesel (fatty acid methyl ester, FAME) and hydrogenated-derived renewable diesel (HDRD) in a range of Canadian climatic conditions.
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