Australia-based MGA Thermal has secured AUD 8.25 million ($5.39 million) from domestic and international investors as it gears up for commercial-scale production of its thermal long-duration energy storage solution.
New research has shown that Israel has the technical potential to deploy 172.5 GW of photovoltaics, of which 132.1 GW would be from conventional installations and 40 GW from agrivoltaics. If deployed, this full potential would require energy storage with a capacity of at least 500 GWh and strong development of vehicle-to-grid technologies.
Wood Mackenzie expects 270 GW of new global PV capacity in 2023, up 33% year on year. However, the annual growth rate is anticipated to fall to 1% in 2024 and to increase again by 5% in 2025.
Energy Vault has started commissioning a 25 MW/100 MWh energy storage tower adjacent to a wind power facility near Shanghai.
The International Solar Alliance (ISA) and Airports Council International (ACI) have agreed to strengthening cooperation to scale up solarization of airports across ISA member countries.
The International Solar Alliance said that securing financing for renewable energy projects in Pacific Island Countries (PIC) may be complex due to the need for stand-alone solar energy systems and mini-grids, which to be viable for larger investments would require aggregation at a sectoral or programmatic level to become feasible. In its monthly column for pv magazine, the organization describes the types of finance required to scale technologies.
Romania is resuming the development of the Tarniţa Lăpuşteşti pumped hydro storage project, with a planned capacity of 500 MW to 1 GW. It will be the first installation of its kind in the country.
Hindustan Petroleum Corp. Ltd (HPCL) is enlisting solar panel suppliers and manufacturers for its future PV projects across India.
The Mango Power M includes a hybrid inverter with 18 kW solar input and can be paired with an electric vehicle charger.
A research group in the United States has developed a process to recover lead in its metallic form so that it can be reused in the PV industry. The process relies on a leaching solution based on a combination of acetic acid (CH3COOH) and hydrogen peroxide (H2O2), which the researchers said leaches the lead ‘in a matter of minutes.’
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