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AIIB and IRENA Team-Up to Accelerate Asia’s Energy Transition

The Asian Infrastructure Investment Bank (AIIB) and the International Renewable Energy Agency (IRENA) have signed a memorandum of understanding (MOU) committing to work together to support Asia’s energy transition and mobilize greater private capital for renewable energy. The agreement was signed today by AIIB President Jin Liqun and IRENA Director-General, Francesco La Camera, at a […]

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Solis Shines At REI 2021 Expo, Showcases Next Generation High Efficiency Inverters

Ginlong Technologies (Solis) participated in the recently concluded Renewable Energy India Expo 2021 (REI Expo 2021) in Greater Noida, India. The Solis team received good response from the solar industry, witnessing massive footfalls at its state-of-art showcase booth, the largest at the venue. Solis, a global leader in smart photovoltaic string inverters showcased their best […]

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Battery Resourcers Secures $70 M to Expand Recycling Tech

Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, today announced the closing of its latest mid-round funding totalling $70 million. The company will use this latest funding round to advance and expand its sustainable, cutting-edge closed loop material production technology that accepts mixed input of scrap batteries and end of life batteries […]

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Offshore Wind Market to be Worth $93.7 B by 2028: Zion Market Research

The global offshore wind energy market accounted for USD 44.8 Billion in 2020 and is expected to reach USD 93.7 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028, finds Zion Market Research. Wind power generation uses turbines to convert wind energy into electricity. The energy of the wind turns […]

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Vestas to Shut Down Three Offshore Wind Factories in Europe

Wind turbine maker Vestas is shutting down three of its European factories in Germany, Spain, and Denmark as part of the integration of its offshore business. The Danish company intends to cease production at its factories in Lauchhammer, Germany; Viveiro, Spain and Esbjerg, Denmark. “Today’s fast-moving energy transition, rapid introduction of new products and recent integration […]

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Heard at REI 2021- 5 Takeaways From The Expo

At the recently concluded REI 2021, it was an impressive show of strength for the sector, despite the usual hits and misses one would expect in a year like this. So while the Chinese presence was on the lower side, especially Chinese senior management from the top firms like Longi Solar, Jinko, Huawei etc, the […]

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bp, ADNOC and Masdar Partner for Green Solutions for UK & UAE

bp, ADNOC and Masdar have signed three agreements with the potential to lead to billions of dollars of investment into clean and low carbon energy, creating potentially thousands of energy jobs, said a joint statement last week. The first agreement would see the companies collaborate to initially develop 2GW of low carbon hydrogen across hubs […]

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Orbital to lead EU’s €26.7 M Project for Floating Tidal Energy Deployment

Scottish technology developer Orbital Marine Power will lead a pan-European consortium to deliver the €26.7m FORWARD-2030 project, set up to accelerate the commercial deployment of floating tidal energy, with Swedish manufacturing company SKF as a key partner. The project will see the installation of the next iteration of the Orbital turbine, integrated with a hydrogen […]

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US Firm Modine to Open Exclusive EV Business Unit

US-based thermal management company Modine Manufacturing is establishing a separate business unit to focus exclusively on thermal management systems for electric vehicles. “We are making a significant commitment to the EV market to better serve customers who are leading the transition to alternative powertrains,” said Neil D. Brinker, President and Chief Executive Officer. “We plan […]

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