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Hitachi Completes Acquisition of ABB Power Grids to Tackle Renewable Energy’s Rise

GreenTechMedia

Japan’s Hitachi has completed its acquisition of a majority stake in ABB Power Grids worth up to $7.8 billion, creating a new business aimed at tackling the renewable and distributed energy frontiers of the power industry. percent stake in the venerable power grids unit of the Swiss-Swedish engineering giant.

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The total eclipse shows us how important solar energy is to the US

The Verge: Energy

. | Photo by Lori Van Buren / Albany Times Union via Getty Images You don’t know what you’ve got until it’s gone, and the total eclipse is a stark reminder of that adage when it comes to the key role solar energy currently plays in the US. Millions more live near dirty power plants that could be tapped to make up for a loss of solar power.

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Hitachi Energy to supply converter stations for Australia’s Marinus Link

Smart Energy International

Hitachi Energy has been selected by Marinus Link Pty Ltd (MLPL) to supply a high-voltage direct current (HVDC) project in Australia, which will augment the connection between the mainland and Tasmania’s grid. Clean hydropower can then feed the mainland grid when it is needed most, acting as a large battery for the nation.

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Clean energy technology supply chains must get better, faster, cleaner, says report

Envirotec Magazine

A new briefing from think tank organisation the Energy Transitions Commission (ETC) argues that the clean energy transition can be delivered on time and at an affordable cost if supply chain risks are minimised by policy and industry action. offshore wind transport vessels or grid transformers) that are costly and have long lead times.

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Dominion Targets 24GW of Renewables and Storage in Move Toward Virginia’s Clean Energy Goals

GreenTechMedia

Utility Dominion Energy is planning a major shift toward renewable energy and batteries as it looks to comply with Virginia's ambitious new clean energy law. gigawatts of energy storage over the next 15 years. Credit: Dominion Energy). Major boosts for solar, offshore wind and energy storage.

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Rising battery storage costs: A long-term trend or short term blip?

Business Green

New BloombergNEF analysis charts the rising cost pressures faced by the global stationary energy storage market. That is the core conclusion of recent analysis from BloombergNEF, which estimates the average price of a four-hour turnkey energy storage system rose to $324/kWh in 2022 - a 27 per cent increase from the previous year.

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How India’s Renewable Energy Sector Survived and Thrived in a Turbulent 2020

GreenTechMedia

And India’s clean energy transition went on pause. Looking back, however, 2020 proved to be a decisive year for clean energy in India. Cheap renewables were favored on the grid last year, which caused coal use to fall as energy demand plummeted amid the economic slowdown. Businesses closed. Workers fled from cities.

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