The US Department of Energy (DOE) has released the Energy Storage Grand Challenge Roadmap, its first comprehensive energy storage strategy.
Building on its commitment to carbon neutrality in its operations by 2030 and announced intention to exit the new-build coal power market, GE has shared its position that the accelerated and strategic deployment of both renewable energy and gas power can make substantial progress in combatting climate change in the near-term, while securing a path to a lower-carbon emitting world in the future.
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) of Australia has issued a report on calculated integration costs of new-build power in the country, which concludes that wind and solar are the cheapest sources.
Italy has launched a new incentive programme to encourage the local generation and sharing of renewable energy.
Kenya Electricity Generating Company *KenGen) has announced an extensive renewable energy project pipeline focused on supporting the Government’s economic growth agenda.
Lumani Energy has launched a new European renewable investment platform for supporting renewable energy pioneers.
India’s state-run power producer NTPC has announced that it has formed NTPC Renewable Energy, a wholly-owned subsidiary, to focus on its green energy business.
Plug Power and Brookfield Renewable have entered into an agreement for Plug Power to buy renewable electricity from Brookfield Renewable to facilitate Plug Power’s production of approximately 10 tons of 100 per cent green liquid hydrogen per day.
The Bulgarian Government has published a draft national strategy for targeting a further 2,645 MW of installed electricity generation capacity from renewable sources, mostly photovoltaic plants, by the end of 2030, in line with the EU’s goals for green energy transition.
There is a significant shortfall between the UK’s emission reductions likely to be delivered by the government’s current policies and its commitment to net-zero emissions by 2050. R&D schemes, which develop and promote cutting-edge, low carbon processes and technologies, as well as local expertise and supply chains, can help to address this shortfall. It is therefore no surprise that a number of the recipients of the second wave of the Strength in Places Fund reflect broader government policies around decarbonisation.
By Deborah Greenwood, Senior Consultant, Bryan Cave Leighton Paisner LLP