Europe needs €800bn to meet 2030 climate targets, says industry
Financial Times: Energy
APRIL 8, 2024
Governments need massive private and public investments to expand power grids and energy storage facilities
WoodMac: Wind, Solar and Storage to Dominate Europe’s Power Grid by 2030
GreenTechMedia
JUNE 3, 2020
Europe's power system will look very different in 2030, with energy storage supporting the “dominance” of wind and solar generation, according to new research from Wood Mackenzie. By 2040, Europe is expected to add another 169 gigawatts of wind and 172 gigawatts of solar.
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Urban grids are ‘feeling the heat’, IEA reports
Smart Energy International
MAY 7, 2024
Power grids in many cities are being pushed to the edge of their operating limits with increased cooling demand and other climate change impacts, the IEA has reported. In China alone, in 2023 a 70% year-on-year increase in air conditioner sales was recorded. Have you read?
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Google inks major new offshore wind deal
The Verge: Energy
JANUARY 31, 2024
. | Image: Google Google announced its biggest deal yet to purchase offshore wind energy for its data centers in Europe, signing power purchase agreements to support two new wind farms off the coast of the Netherlands. This pushes the local power grid to increase its capacity for generating and storing clean energy around the clock.
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Interview – Harnessing the potential of geothermal to scale up by 2030
ThinkGeoEnergy
DECEMBER 18, 2023
One of the new goals set to at the COP28 is to triple the global renewables capacity by 2030. In part, incentives are needed because the impacts of fossil fuels are often not accounted for when considering the power price. Read the first part of this interview here. This is driven partly by the solar penetration in California.
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Microsoft made the biggest renewable energy agreement ever to fuel its AI ambitions
The Verge: Energy
MAY 2, 2024
to $17 billion to build out that much new capacity, which is supposed to come online between 2026 and 2030. Brookfield says the deal allows it to invest in new renewable energy projects across the US, Europe, Latin America, Asia, and the Pacific. Microsoft would purchase power generated in each new location.
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EU project aims to curb release of world’s most potent GHG
Envirotec Magazine
FEBRUARY 1, 2024
A major new Horizon Europe project is seeking to reduce the release of a greenhouse gas with a global warming potential more than 25,000 times higher than CO2. Gas-insulated electrical switchgear is one of the few applications that still uses sulphur hexafluoride.
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ENTSO-E releases draft RDI roadmap to 2034
Smart Energy International
MAY 30, 2024
As such, and based on and a continuation of the RDI Roadmap 2020-2030, it focuses on topics related to TSO business processes, such as coordinated security of operation, maximising capacity in a secure way, balancing between generation and demand, dynamic stability or coordinated network planning. Have you read?
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Powin and Pulse Clean Energy partner on Scottish battery project
Smart Energy International
FEBRUARY 23, 2024
The project will provide services to maintain balance within the power grid, enabling more renewables to be connected securely to the UK energy system. The batteries will allow Galp to store the solar energy produced in periods of high generation, and to deploy it during periods of high demand, alleviating stress from the power grid.
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V2G to surpass stationary storage as virtual power plant asset finds study
Smart Energy International
MAY 3, 2024
The virtual power plant (VPP) integrated capacity of vehicle to grid (V2G) is forecast to surpass that of energy storage assets ahead of 2040. This is according to US-based consultancy Rethink Energy who in a report hail VPP technology as the core of future power grids.
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Europe’s grid is receiving record levels of investment. But is it enough?
Smart Energy International
MARCH 15, 2024
Reflecting on a week of record finance results from German and Dutch utilities, Smart Energy’s Power Playbook column sees Yusuf Latief discuss grid investment plans and whether they are indicative of grid planning finally going right. billion, highlighting the role of the grid in minimising economic loss.
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UK leads Europe on new wind power as global turbine market enjoys boom
Business Green
FEBRUARY 18, 2020
Britain added more onshore and offshore wind capacity than any other country in Europe last year at 2.8GW, latest industry figures show. Climate neutrality and the Green Deal require Europe to install over twice as much new wind energy each year as it managed in 2019," said WindEurope CEO Giles Dickson. "And
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Can Onshore Wind Keep Pace With Europe’s Surging Solar Markets?
GreenTechMedia
DECEMBER 11, 2020
From record-low solar prices in Portugal to an eye-watering pipeline over the border in Spain, solar has been dominating the energy transition conversation in Southern Europe. But tapping Southern Europe's unfulfilled potential for onshore wind will be pivotal to the region's decarbonization goals. It is sitting on 11.3
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Volvo Cars launches new Energy Solutions business to promote V2G applications
Charged
DECEMBER 14, 2023
“The next step would be to enable this feature all around Sweden, and hopefully that will pave the way for broader acceptance of similar charging and energy storage services around Europe.” Volvo aims to be a fully electric car company by 2030 (and unlike others we could name , is celebrating its success with e-mobility).
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The first US commercial-scale offshore wind farm is live, but the industry faces strong headwinds
The Verge: Energy
JANUARY 4, 2024
The nation’s first large-scale wind farm just started producing power for the New England power grid. The plan , according to the Biden administration, was for the US to get 30,000MW of energy from offshore wind by 2030. On Tuesday at 11:52PM local time, it delivered power for the first time to the New England power grid.
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A New Era Is Beginning for the Grid Edge. Is the Utility Industry Ready?
GreenTechMedia
MARCH 19, 2020
Europe, Asia and beyond. The degree to which this wave of new flexible resources can be tapped for grid-balancing will depend on four key areas, according to a new research insight from WoodMac. Wood Mackenzie expects that North America could have nearly 650 gigawatt-hours of EV battery capacity by 2030, up from 97.5 and Europe.
The EV charging companies who dominated Q1 VC smart grid financing
Smart Energy International
MAY 3, 2024
The smart grid, of course, refers to any tech integrating into the power grid – a vast array of applications. The round, led by a new investor in the company and one of the largest asset managers in Europe -Dutch pension fund service provider PGGM – brings the company’s raised capital to nearly €600 million ($643.9
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Smart Energy Finances: Norwegian investors buy 49% stake in Indian transmission scheme
Smart Energy International
NOVEMBER 17, 2023
The Indian scheme was awarded in fiscal year 2022 and covers the construction of a new 400/220kV substation at Koppal along with 144km of 400kV direct current transmission line with extension of the 40kV GIS Bays at the PGCIL (Power Grid Corporation of India Ltd) Narendra substation. Will I see you there?
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The clean energy transition is just getting started with much more to come in 2024
Smart Energy International
JANUARY 22, 2024
Energy storage, a critical component of a fully renewable grid, also saw record growth in 2023 and Bloomberg New Energy Finance has forecast a 27% compound annual growth rate to 2030 to enable renewable growth. GW of storage online by 2030. Similar targets are being implemented or considered in Europe and elsewhere globally.
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Was the pandemic a watershed moment for the decline of fossil gas power across Europe?
Business Green
JULY 28, 2021
Moreover, at £82/MWh, it said the cost of generating electricity from fossil gas power plants is also significantly above the £57/MWh generating cost the government estimates for offshore wind in 2025.
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Why Offshore Wind and Energy Giants are Chasing Off-Grid Green Hydrogen
GreenTechMedia
DECEMBER 18, 2020
The European Union wants to build 40 gigawatts of green hydrogen electrolyzers by 2030, and estimates that 80 to 120 gigawatts of solar and wind will be needed to power them. That’s a fresh headache for Europe’s grid operators. In Europe, that means clusters of demand in Belgium, Netherlands and Germany.
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Smart Energy Finances: Navigating the 2024 energy landscape
Smart Energy International
DECEMBER 21, 2023
Think AI-boosted investment platforms, moves to ease up grid connection queues and top tech players to watch. Power grid forecasting One of the key recurring themes that has gained solid recognition over the last year has been the unarguable position of the power grid as an investment priority to reach global net-zero targets.
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Europe’s power system – vision for carbon neutrality
Smart Energy International
OCTOBER 18, 2022
Thus the future power system will be a ‘system of systems’, which will need strong cooperation between transmission and distribution. Europe’s electricity markets in 2030 – design options How DSOs can play a vital role in Europe’s hydrogen economy. Have you read? The vision is based on four ‘building blocks’ that ENTSO.E
‘We are at a crucial junction’ says Kadri Simson on EU grid investment
Smart Energy International
SEPTEMBER 7, 2023
“Even if we (fully leverage) digitalisation and coordination with and between TSOs; even then we will need massive investments to connect new generation, for the solidarity between regions and countries of Europe and, in particular, for the sharing of flexibilities we will need for tomorrow.” Europe needs to invest €584 billion ($624.6
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How would an energy transition delay affect the trillions spent?
Smart Energy International
MAY 10, 2024
Elections in the EU and the US have our industry waiting with bated breath to see the next guard of political agendas take the scene and usher in policy updates – all at a critical time as 2025 and 2030 deadlines for our planet approach. Indeed, Europe and the UK have already pushed back 2030 climate goals and other countries may follow suit.”
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Will electrified fleets break the grid?
Smart Energy International
DECEMBER 20, 2023
Built throughout the 20th century, and as early as 1935 in the UK, European power grids were not developed to support the ongoing electrification of everything from heating to transport, explains Francesco Nobili of Charles River Associate. That growth in power demand translates to around €20 billion ($21.9
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Energinet taps Siemens Energy in transmission expansion tender
Smart Energy International
MAY 20, 2024
Danish TSO Energinet has signed an agreement with Siemens Energy on a comprehensive expansion of the power grid in Western Denmark. By 2030, Denmark must quadruple its electricity generation from wind and solar power, with more to come in the following decades.
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Cars instead of cables: V2G’s potential to enhance a flexible energy system
Smart Energy International
MAY 1, 2024
Although the electrification of road transportation represents a significant challenge to our energy systems, adding pressure on power grids at the national and local levels, V2G provides immense potential as a source of flexibility to support the energy system of tomorrow, explains Francesco Nobili of Charles River Associate (CRA) Energy.
Data centre virtualisation and cloud computing can play a pivotal role in power sector emissions reductions, says report
Envirotec Magazine
MARCH 18, 2021
Coupled with the increased usage of renewable energy to fulfil electricity requirements, these energy efficiency gains can help IT operations in Europe to substantially decrease their carbon footprint. The report also provides an overview of how data centres can play a role in helping integrate renewables into European electricity grids.
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Siemens Gamesa awards UL new contracts for wind turbine certification
Renewable Energy World
OCTOBER 15, 2021
Certification and compliance with the standards will enable Siemens Gamesa to deploy its turbines across the markets and Europe, according to a statement. The certification will also allow Siemens Gamesa to launch its new 5.X X onshore platform worldwide.
Action plan for Europe’s grids launched
Smart Energy International
NOVEMBER 29, 2023
With the focus shifting to the grids as their development is not keeping pace with that of renewable generation – and in some locations forming a bottleneck to new renewable connections – the EU’s plan sets out seven key action areas and 14 tailored actions to advance their development. The seven action areas are as follows.
Construction starts on UK-Denmark Viking Link interconnector
Business Green
JULY 13, 2020
Plans to enable the UK to share renewable energy with countries across northern Europe took a major step forward today, as construction began on an electricity interconnector linking the country's power grid with its Denmark's national network.
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Why reliable data on renewable capacity is the missing ingredient for international electricity trading
Smart Energy International
MAY 13, 2024
Data collection and transparency are crucial to map the true state of renewable generating capacity across power grids that is needed for international electricity markets, writes Amir Cohen of Electrical Grid Monitoring.
Urgent measures announced as Dutch grid creeps to capacity
Smart Energy International
OCTOBER 19, 2023
Government and grid operators in the Netherlands are taking new, urgent measures to ensure sufficient space on the Dutch power grid as demand continues to surge in the compact country. That is good news, but it also puts enormous pressure on our power grid.
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Largest PV investments in Poland and Ukraine
Renewable Energy World
DECEMBER 22, 2021
For Europe, 2020 represented a historic year for renewable energy sources. Plans for the coming years show that the energy ambitions of Eastern Europe are still untapped. This is where the Green New Deal guidelines meet old and inefficient power plants. (Sponsored Content). By Electrum. And this is only the beginning.
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The answer to AI’s energy needs could be blowing in the wind
The Verge: Energy
MAY 10, 2024
“If we could do these data centers close to [offshore wind farms], this is something that can offer high loads of attractive power. So [it’s] something we will certainly dive into both in Europe and US to look at that opportunity,” Nipper said on the earnings call. And it’s all happening at once.
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The Revolutionary Power of Electric Vehicles with V2G Technology
AutoGrid
MAY 24, 2023
The bill was amended on that date to push back an EV bidirectional mandate from 2027 to 2030.) This technology is gaining popularity as an effective way to reduce greenhouse gas emissions and stabilize the power grid. are working together to expand their V2G charging network across Europe.
National Grid powers up 149-mile green power cable under English Channel
Business Green
OCTOBER 14, 2020
France has an abundance of nuclear power generation, while the UK's growing renewable energy capacity from offshore wind farms in particular is set to enable it to sell increasing amounts of its surplus generation to Europe in the coming years.
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Opening day for Enlit Asia 2022 a dynamic start to 3 days in Bangkok
Smart Energy International
SEPTEMBER 20, 2022
Roughly 10,000 delegates from electricity and energy businesses across the globe inclusive of Asia, Europe, America and beyond descended upon Bangkok to hear high-profile industry leaders speak. With several highlights of note, the Enlit Asia 2022 Bangkok summit commenced today.
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Smart Energy Finances: Hitachi Energy acquires eks Energy
Smart Energy International
OCTOBER 27, 2023
As the world transitions to more renewable energy sources, the global demand for battery energy storage systems (BESS) continues to surge and is expected to grow more than 20% per year through 2030, states Hitachi Energy, citing Bloomberg New Energy Finance’s (BNEF’s) 2023 Energy Storage Outlook.
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US energy department announces $1.3bn transmission buildout
Smart Energy International
OCTOBER 31, 2023
The Needs Study estimates that by 2030 the Mountain region will need nearly 2,300GW-miles of new transmission to unlock the power sector emissions savings enabled by Inflation Reduction Act (IRA). Join Enlit Europe in Paris. Register now Originally published by Sean Wolfe for, and edited with permission from, Power Grid.
Li-ion batteries and supercapacitors hybridised in project ViSynC
Smart Energy International
OCTOBER 26, 2023
Electric services company Redeia, Spanish electric utility Red Eléctrica and Redeia’s tech platform Elewit announced the project, which combines and optimises lithium-ion and supercapacitor technologies, to provide multiple services to the power grid system. Join Enlit Europe in Paris. Register now
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Britain’s Balance Power plans grid-stabilising battery project
Smart Energy International
FEBRUARY 20, 2024
“Not only will it make a significant contribution to Staffordshire Moorlands achieving its objectives to be carbon neutral by 2030, and bring new clean energy infrastructure to the area, but battery storage is also essential for the UK’s transition to net zero.
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How Siemens Energy Is Targeting the US Green Hydrogen Opportunity
GreenTechMedia
MARCH 1, 2021
Green hydrogen is both an untested and a potentially vital way for renewable-energy-powered grids to store their intermittent power for later use, not just for hours at a time, but for days, weeks or even seasons ahead. The challenges for green hydrogen as a power grid resource. green hydrogen market landscape.
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