Huge hydrogen storage project takes shape in Utah desert
Last autumn, US energy giant Chevron announced that through its Chevron New Energies division it had acquired 100 per cent of Magnum Development LLC from Haddington Ventures and in doing so it had become a majority shareholder in ACES Delta LLC, a joint venture between Magnum Development and Mitsubishi Power Americas.
Microgrid management is crucial in a clean energy world
The shift to greater electrification and clean energy sources requires the use of digital energy management solutions. More specifically, it calls for the rapid deployment of microgrid management systems, says AspenTech’s Judith Ponniah.
Pathways to a low-carbon industrial sector
Laying the foundations for industrial decarbonisation is more crucial than ever off the back of COP28. Edison Group’s Andrew Keen, analyses the UK’s approach.
Renewable energy set to soar as interest rates fall
Interest rates in major markets may have peaked. A majority of capital markets experts are forecasting multiple cuts in the US, the EU, and other countries in the coming quarters. The fall will lower the cost of capital and the required investment returns for renewable energy projects. This bodes well for the growth momentum of the sector, which has been expanding at a fast pace despite the many hurdles, writes Joseph Jacobelli.
First-of-a-kind floating OTEC platform will generate 24/7 clean electricity
Ocean Thermal Energy Conversion (OTEC) is seeing another wave of interest. Global OTEC’s project in the African country of São Tomé and Príncipe, aims to demonstrate this renewable technology, which can deliver consistent and reliable power output all year round.
Final Word: The problem with buy now, pay later
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Junior Isles, Editor-in-Chief