For a rapid and affordable transition to net zero electricity by 2035, it is vital that we minimise temporary network congestion by being smarter about paying flexible demand to consume at the right time and the right place. The possibilities for local flexibility markets are therefore vast.
By Jo-Jo Hubbard, Co-founder and CEO of Electron
South African utility Eskom has announced that it has signed agreements for four renewable power producers to use land around its power plants to accelerate getting new capacity online.
Amazon has announced that it will add 2.7 GW of clean energy capacity through 71 new projects as it seeks to use 100 per cent renewable energy across its business by 2025.
To achieve net zero, significant, concerted, coordinated and balanced investment is a critical must-have.
By Jonathan Hick, Investment Director at Triple Point Investment Management, and fund manager of the Triple Point Energy Transition plc – TENT
First Hydrogen is looking to develop a green hydrogen generation infrastructure in the form of a ‘hydrogen village’. The announcement helps illustrate both the opportunities arising out of the UK’s hydrogen strategy, but also the real-world challenges that lie ahead.
By Nick Smee, Partner, Browne Jacobson
Egypt and the EU have held a meeting to discuss cooperation in the fields of energy, climate change, environment, and green transformation.
The European Commission has announced the REPowerEU plan, aimed at rapidly reducing dependence on Russian fossil fuels and speeding up the green energy transition.
Shell has announced that it plans to acquire Sprng Energy for $1.55 billion, a renewable energy company in India owned by the investment firm Actis.
Research by the consultancy firm McKinsey & Company says that the energy transition is accelerating, with the share of renewables in global power generation expected to double over the next 15 years, and fossil fuel demand projected to peak before 2030.
UAE-based renewable energy company Masdar and Kyrgyzstan’s Ministry of Energy have signed an MOU to explore up to 1 GW of renewable energy opportunities in Kyrgyzstan.