Smart Energy International

DECEMBER 21, 2023

This final 2023 edition of Smart Energy Finances Weekly looks into key deals from the last year and different trends to keep your eye on as we transition into 2024. Think AI-boosted investment platforms, moves to ease up grid connection queues and top tech players to watch.

Energy 96

Energy Energy Power grid Investment 96

Smart Energy International

OCTOBER 7, 2022

The DER company has acquired Centrica’s demand response division, bolstering their DER capacity from 5.6GW to 6.3GW. CPower closes Centrica demand response acquisition. Their services aim to help customers earn revenue for participating in demand response solutions that bolster the grid. The transaction is valued at $6.8

Energy Monitor 98

Energy Monitor Business Energy Monitoring Building Energy Monitoring Demand 98

Smart Energy International

MARCH 14, 2024

billion) increase to its 2024-2028 investment plan, citing the need for continued grid expansion to connect an increasing number of renewable energy facilities. plans to boost its four-year investment plan from €33 billion ($36 billion) to €42 billion ($46 billion), focusing on energy networks and energy infrastructure solutions.

Business Energy Monitoring 59

Business Energy Monitoring Home Energy Monitoring Investment Building Energy Monitoring 59

Envirotec Magazine

MARCH 19, 2024

The trial will run for at least 12 months and will apparently be operational from July 2024. “The pilot builds on enfinium’s broader ambitions to lead an investment of up to £800 million in Carbon Capture and Storage (CCS) at its Ferrybridge 1 & 2 facilities, which together would capture over 1.2

Carbon-negative 147

Carbon-negative Carbon-neutral Waste Waste 147

Hydrogen Fuel News

OCTOBER 9, 2023

This could benefit hydrogen production companies that have already invested in sustainable technologies and practices, as they will no longer be at a competitive disadvantage compared to firms in countries with less stringent environmental standards. However, there won’t be any financial adjustment to pay at this stage.

Europe 79

Europe Building Energy Monitoring Home Energy Monitoring Energy Monitor 79

Smart Energy International

MARCH 12, 2024

Elia-owned German transmission system operator 50Hertz is looking to invest €20.7 50Hertz, a Berlin-based system operator, announced their investment intention in response to the increasing amount of renewables coming online, resulting in increased demand for transmission capacity. ” In 2023, 50Hertz invested €1.7

Investment 59

Investment Construction Electricity Demand 59

Smart Energy International

NOVEMBER 28, 2023

Spanish power company Endesa has announced an investment plan of €8,9 billion ($9.7 billion) for the period 2024 to 2026, with distribution networks and renewable generation as two key focus areas. The investment comes a week after the utility’s parent company, Enel Group, unveiled plans of a €18.6 billion ($20.4 billion ($3.1

Investment 52

Investment Europe Sustainability Energy 52

Smart Energy International

SEPTEMBER 2, 2022

Stiebel Eltron, a German green tech supplier, has announced investment plans of €600 million ($600 million) into their heat pump development capabilities. Strong demand. According to the heat pump producer, demand for the green technology is large and growing. Sign up to our newsletter and stay informed.

Investment 59

Investment Carbon-negative Europe Demand 59

Smart Energy International

JANUARY 18, 2024

With the rapid growth of intermittent renewables, rising numbers of prosumers and Distributed Energy Resources (DERs), electrification, and growing demand for power – it’s becoming ever more difficult for utilities to deliver the reliable energy we’ve all come to expect. What is grid orchestration and why is it critical in 2024?

Power grid 52

Power grid Building Energy Monitoring Energy Monitor Business Energy Monitoring 52

Envirotec Magazine

OCTOBER 26, 2023

According to the research, Europe is leading the charge in the development of clean hydrogen, with Germany home to 25 of the total already operational projects (equal to 27%); the U.S. billion on hydrogen-related companies across 37 deals, while venture firms invested $2.6 Meanwhile, the UK launched its hydrogen strategy in 2021.

Hydrogen 275

Hydrogen North America Europe South America 275

Smart Energy International

FEBRUARY 4, 2024

French industry association Think Smartgrids makes the case to lead the national industrial scale deployment of flexibility, focusing initially on demand side consumption, in a new report. The main challenge, however, is the investment required, indicating an urgent need to consider financing options and remuneration for flexibility.

Building Energy Monitoring 52

Building Energy Monitoring Demand Home Energy Monitoring Energy Monitor 52

Smart Energy International

DECEMBER 21, 2023

The clean energy group announced the investment of £625 million ($800 million) days after an acquisition from Octopus Energy-owned Kraken Technologies of the advanced renewable energy management software provider Sennen. billion), a 60% increase since its previous investment round in December 2021. billion ($7.8 billion ($7.8

Investment 52

Investment Energy Energy Technology 52

GreenTechMedia

NOVEMBER 25, 2020

The term "hybrid" offshore wind projects in Europe is also used to describe projects that double as interconnectors between two countries. “It’s important not to compare the supply chain of today with the demand of tomorrow,” said Lassen. You hear about the demand before you hear about the supply,” he said.

Europe 130

Europe Hydrogen Demand Fossil fuels 130

Smart Energy International

SEPTEMBER 7, 2023

A further four countries, Portugal, Austria, Great Britain and Ireland, are progressing their rollouts, with three of them targeting 80% by 2024. Offering dynamic price contracts, in addition to hybrid or fixed price contracts, is another way of encouraging consumer participation from the demand side of the market. Have you read?

Home Energy Monitoring 117

Home Energy Monitoring Energy Monitor Building Energy Monitoring Europe 117

Smart Energy International

NOVEMBER 17, 2023

Norwegian investment in Indian transmission The Norwegian Climate Investment Fund, managed by government-owned Norfund and KLP, Norway’s largest pension company, is investing approximately $9 million for a 49% stake in the Koppal Transmission Scheme. ReNew has won three transmission projects in Karnataka to date.

Energy 118

Energy Energy North America Europe 118

Business Green

NOVEMBER 14, 2022

The power storage company announced this morning it would invest £750m in the programme, and had already started construction on a storage plant in Blackhillock that is scheduled to come online in the first half of 2024. If the wind blows and the demand isn't there, then it can't go anywhere," Pearce told the paper. "We

Batteries 68

Batteries Investment Fossil fuels Construction 68

Smart Energy International

APRIL 26, 2024

Growth in batteries outpaced almost all other clean energy technologies in 2023 as falling costs, advancing innovation and supportive industrial policies helped drive up demand for the crucial technology, finds the IEA’s Batteries and Secure Energy Transitions World Energy Outlook Special Report.

Batteries 59

Batteries Electric vehicle Policy Electricity 59

Solar Industry

NOVEMBER 7, 2023

According to a new report from Wood Mackenzie, China will hold more than 80% of the world’s solar polysilicon, wafer, cell and module manufacturing capacity from 2023 to 2026 following investments exceeding $130 billion this year alone. A module made in China is 50% cheaper than that produced in Europe and 65% cheaper than the U.S.,

Asia 104

Asia Demand Technology Europe 104

Solar Industry

SEPTEMBER 8, 2023

GW as early as mid-2024. and Europe. Meanwhile, Silfab is utilizing a $125 million investment round to open its third U.S. facility to meet increasing demand for its high-performing, industry-leading PV modules and to begin manufacturing its own solar cells. The agreement allows Silfab to increase its share of U.S.

Ethics 114

Ethics Europe Demand Investment 114

Business Green

DECEMBER 1, 2021

Overall, that means average battery pack costs have dropped 89 per cent since 2010, and further cost reductions are expected that should help drive EV demand worldwide by ensuring battery cars to become far more affordable for the average consumer.

Batteries 94

Batteries Lithium Fossil fuels Electric vehicle 94

Smart Energy International

FEBRUARY 2, 2022

However, only a little over one-third (794 MW) of these projects have reached final investment decision or been awarded public funding in Europe and the UK. Other key findings from Delta-EE research on hydrogen include the evolving landscape of green hydrogen demand. Have you read?

Hydrogen 98

Hydrogen Europe Policy Demand 98

Smart Energy International

NOVEMBER 7, 2023

This is according to TenneT’s Investment Plans 2024-2033 , which outlines which projects are needed over the next ten years to make the electricity grid ready for the future. This is double the estimate in the previous investment plan for 2022. TenneT ’s final investment plan will be sent to the regulator ACM in early 2024.

Investment 59

Investment Power grid Europe Energy 59

Business Green

OCTOBER 18, 2021

Ford has announced it will spend £230m on transforming its Halewood plant on Merseyside into its first electric vehicle (EV) component assembly factory in Europe. This is an important step, marking Ford's first in-house investment in all-electric vehicle component manufacturing in Europe," he said. "It

Investment 58

Investment Electric vehicle Europe Automotive 58

Smart Energy International

MAY 10, 2022

A report from the Green Finance Institute’s Coalition for the Decarbonisation of Road Transport (CDRT) illustrates how the UK can become a global player in electric vehicle (EV) batteries if billions of pounds are invested now to build a battery supply chain. EVs and financing the drive to net zero. Out now! ??

Electric vehicle 52

Electric vehicle Investment Electricity Batteries 52

Smart Energy International

NOVEMBER 7, 2023

This is according to TenneT’s Investment Plans 2024-2033 , which outlines which projects are needed over the next ten years to make the electricity grid ready for the future. This is double the estimate in the previous investment plan for 2022. TenneT ’s final investment plan will be sent to the regulator ACM in early 2024.

Investment 52

Investment Power grid Europe Energy 52

Envirotec Magazine

JUNE 6, 2023

In 2020, Plastretur set out its ambitions to establish a sorting infrastructure within Norway as plastic packaging waste from Norway is currently sent to Central Europe. The capital investment consists primarily of machinery and equipment. The plant is due to be commissioned in Q4 2024 and to be fully operational by Q1 2025.

Packaging 130

Packaging Plastics Recycling Recycling 130

Charged

DECEMBER 14, 2023

The EX90 electric SUV, which is to be released in 2024, will be “the first Volvo car equipped with all the necessary hardware and (over time) software to enable bidirectional charging and direct energy storage from solar.” Volvo’s data shows that the average daily drive in Europe uses less than 10 kWh.

Energy 110

Energy Energy Batteries Europe 110

Smart Energy International

APRIL 6, 2022

SN Aboitiz Power Group (SNAP), a joint venture between Scatec and AboitizPower (AP), has made the final investment decision for the 20MW battery energy storage system (BESS) project. The energy storage project is in final preparations for construction, which will start in 2022, with a targeted commercial operation date in 2024.

Investment 52

Investment Hydropower Energy Energy 52

Business Green

APRIL 30, 2020

Overall emissions from domestic flights would also have to be halved by 2024, which would effectively require a significant reduction in the number of short haul flights operated by the company. Moreover, the airline would have to set a target to source two per cent of its aviation fuel from sustainable sources by 2025.

Packaging 101

Packaging Demand Government Aviation 101

Envirotec Magazine

OCTOBER 12, 2023

The final publication of the standard and commercial rollout is expected in 2024. Commercializing chargers with rated power of 1 MW will require significant investment, as stations with such high-power needs will incur significant installation and grid upgrade costs. MCS specifications and comparison with CCS.

Hydrogen 130

Hydrogen Electric vehicle Batteries Cooling 130

GreenTechMedia

JULY 29, 2020

Northvolt Zwei is targeting commercial operation in 2024. Northvolt's new loans came from a consortium of pension funds as well as commercial and public banks, including German development bank KfW and the European Investment Bank (EIB). EU sends right signals on energy storage. More here on GTM Squared.).

Batteries 130

Batteries Europe Startups Electric vehicle 130

ThinkGeoEnergy

NOVEMBER 16, 2023

This comes after the result of testing done at the deep geothermal wells at United Downs that indicated lithium concentrations of around 340 ppm in the geothermal fluid, which is one of the highest lithium concentrations found in any commercial geothermal lithium project in Europe. It is an extremely exciting and significant development.

Lithium 98

Lithium Energy Monitor Business Energy Monitoring Electric vehicle 98

Smart Energy International

OCTOBER 28, 2022

Also on the radar are findings from the World Bank’s latest Commodity Markets Outlook , which forecasts that energy prices will drop by 11% in 2023, and an interesting strategic investment from Volvo Cars into an APAC virtual power plant startup. billion) of new investment by 2027.

Energy 104

Energy Energy Investment Fossil fuels 104

Smart Energy International

APRIL 18, 2024

The World Energy Council’s World Energy Trilemma 2024 report reveals changing ambitions and new challenges facing global energy systems. Energy equity has deepened to include new demands for justice, fairer access to and equitable distribution of clean energy benefits, and energy transitions’ impact on vulnerable communities.

Energy Monitor 59

Energy Monitor Business Energy Monitoring Energy Energy 59

Envirotec Magazine

APRIL 11, 2024

With multiple drivers for growth in the industrial market, the challenges for water in Africa are more around implementation than technology, says Walid Khoury of water engineering firm Desalytics, as he prepares for Water Africa 2024 in Ghana in June. What kinds of solutions are in demand? For more information visit [link].

Africa 147

Africa Technology Pollution Asia 147

Business Green

MARCH 31, 2022

Think tank argues growing e-van market can deliver savings for firms across Europe, as separate report warns UK needs up to 661,000 extra EV charge points by 2035. Despite significant demand for zero emission vans from businesses, the e-van market remains small and is only growing incrementally.

Demand 68

Demand Transportation Electric vehicle Electricity 68

Charged

AUGUST 2, 2022

Skeleton Technologies says it will invest €100 million ($101.5 million) in scale-up efforts and R&D on the new factory, which is scheduled to begin production in 2024, and will produce up to 12 million supercapacitor cells per year. million) in manufacturing equipment and an additional €120 million ($121.8

Technology 118

Technology Real Estate Patents Europe 118