SMC wins bid for P170.6-billion Naia rehabilitation project
MANILA, Philippines — The consortium led by San Miguel Corp. (SMC) won the bidding for the P170.6 billion Ninoy Aquino International Airport (Naia) rehabilitation project, Transport Secretary
Aramco awards $7.7 bln in contracts for Fadhili gas expansion
Saudi Aramco has awarded $7.7 billion in contracts to expand its Fadhili gas plant''s processing capacity to 4 billion standard cubic feet per day, the company said on Tuesday.
Explainer: How big oil won the bidding for German offshore wind
Energy majors BP and TotalEnergies have won a 7 gigawatt (GW) offshore wind site auction in Germany worth a record 12.6 billion euros ($14.1 billion), allowing them entry to the central European
Plus Power completes US$1.8 billion financing for battery storage
BESS developer and operator Plus Power has completed a US$1.8 billion financing for five projects in Arizona and Texas, including over US$400 million in tax equity and US$700 million for a single standalone project, the largest to-date. The financing includes construction and term loans as well as tax equity financing for five projects
China''s Booming Energy Storage: A Policy-Driven and Highly
The Chinese energy storage industry experienced rapid growth in recent years, with accumulated installed capacity soaring from 32.3 GW in 2019 to 59.4 GW in 2022. China''s energy storage market size surpassed USD 93.9 billion last year and is anticipated to grow at a compound annual growth rate (CAGR) of 18.9% from 2023 to 2032.
EU approves €1.1 billion worth Hungarian scheme for energy storage project
Energy Storage Policy Buzz. Thursday, 22 June 2023. Image for representation purposes only. The European Commission has approved a €1.1 billion worth Hungarian scheme to support the installation of at least 800 MW/ 1600 MWh of energy storage facilities to foster the country''s transition to a net-zero economy.
LONGi Hydrogen wins bid for World''s Largest Green Ammonia Demonstration Project
Global News. 2023.4.18. On April 11, Jilin Electric Power Co., Ltd. announced that LONGi Hydrogen Energy won the bid for the Da''an Wind and Solar Green Hydrogen Synthesis Ammonia Integration Demonstration Project (hereinafter referred to as the "Da''an Project") as the first candidate to win the bid for a total of 15 sets of 1000Nm³/h
Winning $1.7 billion Powerball jackpot sold in California
Someone who bought a Powerball ticket in California won the $1.7 billion prize Wednesday — almost three months after someone else in the Golden State won the last jackpot. There was only one
TECO Group Won the Bid for the Taipower Energy
Taiwan Power Company announced today that TECO Group has won the bid for the Longtan ultra-high voltage (UHV) substation energy storage system at NT$2.6 billion.
State aid: Commission approves €1.1 billion Hungarian scheme to support electricity storage
European Commission - Press release State aid: Commission approves €1.1 billion Hungarian scheme to support electricity storage facilities to foster the transition to a net-zero economy Brussels, 21 June 2023 The European Commission has approved a €1.1
EQT offers $1.5 bln for renewable energy project developer OX2
STOCKHOLM, May 13 (Reuters) - Private equity firm EQT (EQTAB.ST) said on Monday it had made a recommended cash offer to buy Swedish renewable energy group OX2 (OX2SE.ST) for 16.4 billion crowns
China''s Largest Wind Power Energy Storage Project Approved
NR Electric Co., Ltd. was awarded the phase one project with a bid of 52,794,970 RMB, and additionally awarded the phase two project with a 19,794,775
Corporate Funding for Energy Storage Sector Totaled $11.7 Billion
Corporate funding in Energy Storage came to $11.7 billion in 29 deals in Q1 2024, an increase of 432% year-over-year (YoY) compared to $2.2 billion in 27 deals in Q1 2023. In a quarter-over-quarter (QoQ) comparison, funding increased 216% compared to the $3.7 billion raised in 26 deals in Q4 2023. Northvolt''s $5 billion debt funding, along
Aramco awards contracts worth $7.7 billion for Fadhili Gas Plant expansion | Energy
Image Credit: Shutterstock. Dhahran: Aramco, one of the world''s leading integrated energy and chemicals companies, awarded engineering, procurement and construction (EPC) contracts worth $7.7
Bidding Overview of Domestic Energy Storage in June
In June, the bidding capacity for new energy storage tenders reached 7.98GWh, representing a substantial year-on-year increase of 285.83%. From January to
REC Approves ₹60.7 Billion to Greenko for 1.4 GW Pumped Storage Project
REC also approved ₹30.8 billion to Serentica Renewables for a hybrid project in Karnataka. Public infrastructure finance company REC Limited has approved a funding of ₹60.75 billion (~$730.8 million) to Greenko to develop a 1,440 MW standalone pumped storage project. REC is also in advanced discussions with Greenko and is
Biden-Harris Administration Announces $4 Billion in Tax Credits to Build Clean Energy Supply Chain, Drive Investments, and Lower Costs in Energy
WASHINGTON, D.C. — The U.S. Department of Energy (DOE), the U.S. Department of Treasury, and the Internal Revenue Service (IRS) today announced $4 billion in tax credits for over 100 projects across 35 states to accelerate domestic clean energy manufacturing and reduce greenhouse gas emissions at industrial facilities..
Commission approves €1 billion Greek State aid measures to support renewable energy generation and storage projects
storage of renewable energy for a total budget of €1 billion. The Faethon Project entails the construction of two photovoltaic units, each with a capacity of 252 MW, along with integrated molten-salt thermal storage units and an extra-high voltage substation. This
How governments become addicted to suppliers like Fujitsu
It is now expected to retire in March 2024. In 2021, the Home Office handed Fujitsu a £5 million ($6.3 million) contract to support a border system beset with delays. Also under the Home Office''s remit, a Police National Computer contract was awarded to Fujitsu in August 2022 after no other companies bid for the work.
Gensol and IndiGrid Win GUVNL''s 500 MWh BESS Auction at
Gensol quoted the lowest tariff at ₹448,996 /MW/month. Gensol Engineering and IndiGrid 2 ( IndiGrid) have won Gujarat Urja Vikas Nigam''s ( GUVNL) auction to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Gujarat under tariff-based global competitive bidding (Phase-II).
Biden-Harris Administration Awards $2.8 Billion to Supercharge U.S. Manufacturing of Batteries for Electric Vehicles and
"This is truly a remarkable time for manufacturing in America, as President Biden''s Agenda and historic investments supercharge the private sector to ensure our clean energy future is American-made," said U.S. Secretary of Energy Jennifer M. Granholm.
Japan: 1.67GW of energy storage wins in capacity auction
Over a gigawatt of bids from battery storage project developers have been successful in the first-ever competitive auctions for low-carbon energy capacity held in
Corporate Funding for Energy Storage Sector Totaled $11.7 Billion
Corporate funding in Energy Storage came to $11.7 billion in 29 deals in Q1 2024, an increase of 432% year-over-year (YoY) compared to $2.2 billion in 27 deals in Q1 2023. In a quarter-over-quarter (QoQ) comparison, funding increased 216% compared to the $3.7 billion raised in 26 deals in Q4 2023.
POWERCHINA Won the Bid for the largest Grid-Forming Hybrid
Sinohydro Engineering Bureau 4 Co., Ltd, affiliated with Power Construction Corporation of China (POWERCHINA), recently won the bid for the largest
Approvals for US$1.7 billion ''Supernode'' energy, data hub in Queensland
Quinbrook is developing a A$2.5 billion (US$1.7 billion) ''Supernode'' site in Queensland, Australia, for storing energy and data that would include 2,000MWh of battery storage. The US-headquartered investment manager said today that it has already received local planning permission and Foreign Investment Review Board approvals, as well as a
Biden-Harris Administration Opens Applications for $1.3 Billion in
May 30, 2024 The Biden-Harris Administration opened applications today for a historic $1.3 billion funding opportunity for electric vehicle (EV) charging and alternative-fueling infrastructure in urban and rural communities and along designated highways, interstates, and major roadways.
Plug Is On Track to Get $1.7 Billion in US Support, CEO Says (1)
Plug Power Inc. says it''s on track to receive as much as $1.66 billion in government support to build hydrogen plants, despite calls from a key Republican senator to scrutinize the US Energy Department''s funding. "This is just part of the everyday business in Washington," Plug Chief Executive Officer Andy Marsh said Tuesday at a conference.
China''s Booming Energy Storage: A Policy-Driven and Highly
China''s winning bid price for lithium iron phosphate energy storage in 2022 was largely in the range of USD 0.17-0.24 per watt-hour (Wh). However, the cost of
The US government is awarding $1.7 billion to buy electric and
WASHINGTON (AP) — The U.S. Department of Transportation is awarding almost $1.7 billion in grants for buying zero- and low-emission buses, with the money going to transit projects in 46 states and territories. The grants will enable transit agencies and state and local governments to buy 1,700 U.S.-built buses, nearly half of
CAISO Plan Calls for $30.5 Billion for Transmission—and More Renewable Energy
The MOSS350 Energy Storage project is a 350-MW stand-alone, transmission-connected battery energy storage resource located in Moss Landing, Calif. (Monterey County) and scheduled to be online by
Industry Insights — China Energy Storage Alliance
In the first half of the year, the capacity of domestic energy storage system which completed procurement process was nearly 34GWh, and the average bid
