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EIB finances grid upgrades across Germany

Smart Energy International

On the back of approving €805 million in clean energy financing, the European Investment Bank (EIB) is lending €400 million ($425.2 million) to municipal energy supplier Thüringer Energie AG (TEAG) to upgrade and digitise the electricity grid in Thuringia, Germany. million). The financing forms part of a larger, €4.3 billion ($4.6

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Smart Energy Finances: Funding for Capalo AI’s market optimisation platform

Smart Energy International

For example, in windy weather, the prices of renewable energy are low, and therefore, its financial benefit remains low, i.e., wind power becomes a less lucrative investment option. This has led to the construction of batteries next to the turbines, which enables the energy to be discharged into the grid more evenly.

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

Business Green

The price of battery energy storage systems rose for the first time since records began in 2022, as raw material and component costs soared, and developers and system integrators increased their margins in the face of challenging economic headwinds and soaring energy costs worldwide. link] pic.twitter.com/C55UHprYIv.

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The next PM must move fast to unlock investment in long duration energy storage

Business Green

The rollout of biomass, wind and solar power has enabled the UK to decarbonise its power grid at a faster rate than any other major economy. And in order to reduce energy bills in the years ahead we need to have more clean, green, renewable power, which is generated in the UK for the UK.

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Solar and wind generation in West Texas to be backed with more large-scale storage

Renewable Energy World

Burns & McDonnell said on Monday that it was selected by LG Energy Solution and Sustainable Environmental Renewable (SER) Capital Partners to provide engineer-procure-construct (EPC) services for three 10-MW/20-MWh lithium-ion, stand-alone battery energy storage systems. The three facilities are located in the West Texas region.

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Can the US Catch Up in the Green Hydrogen Economy?

GreenTechMedia

needs a massive green hydrogen industry to decarbonize its electricity, transportation and industrial sectors, and major investments and policy changes today to enable it to grow to its full potential in the decades to come. lags behind China, Japan and the European Union in infrastructure and research investments to reach this potential.

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How Duke’s Unique Energy Landscape Dictates Its Path to Net Zero

GreenTechMedia

That puts the Southeast ahead of other regions of the country in terms of transitioning heating loads from fossil fuels to electricity, but it also puts a strain on the power grid to meet peak heating needs. Why offshore wind is no slam dunk for Duke. Pumped hydro storage, but how much?