Also in the brief: EEI used anti-clean energy campaigns as role models in political boot camp for utility execs.
The company launched today with $12 million in seed funding, boasting advantages over lithium-ion in performance, price, operability in extreme weather and decades of use in the aerospace industry.
Also in the brief: Even the world’s top coal exporter is struggling to make money from burning the fuel, RFA for D.C. solar program
Pumped hydro and compressed air energy storage will soon be cost-effective for day-long storage, while hydrogen for long-duration storage will be cost-effective by 2050 or sooner, the national lab’s study projected.
Bucking a volatile market, the company’s NASDAQ debut signals growing auto industry confidence in clean transport as engine for post-Covid economic recovery
Longi and Sungrow both announced solid financial results last week. Module maker China Solar delayed the resumption of trading on the Hong Kong stock exchange, and polysilicon producer GCL-Poly unveiled plans to raise up to $16.8 million by issuing shares. Coal miner Baofeng Energy, meanwhile, announced the construction of what it claims will be the world’s largest PV-powered hydrogen plant, and Seraphim and Lu’An Solar revealed that they will open a 5 GW PV panel factory in China’s Jiangsu province.
While utilities, municipalities and states across the U.S. struggle to find a cost-effective way to get to 100% carbon-free power, some companies, like Wärtsilä North America, think that the answer is closer than we realize.
German industrial giants Uniper and Siemens are working together to advance the use of green hydrogen and replace conventional, gas-fired hydrogen production plants.
Also in the brief: The $400 million, 500 MW PV project in Oman, Tampa Electric Company is looking to double its solar capacity, New York passes renewable siting legislation and more.
Electrolyzer manufacturers are in agreement on the goal of rapidly reducing investment costs, mainly through economies of scale. Some are embracing large units, while others are betting on quantity over size. The first approach is attractive for operators of large PV plants, while the latter is better suited to operators of small systems.
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