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Octopus Energy Makes First Investment in US Renewables, Targets $2 Billion by 2030 Octopus Energy, the UK’s largest electricity supplier, has announced its initial foray into the US renewables market with a strategic investment in two new solar farms located in Ohio and Pennsylvania. This marks the beginning of Octopus Energy’s ambitious plan to invest $2 billion in US generation projects by 2030. The acquisition of the solar farms, which have a combined capacity of 100 MW, will produce enough clean energy to power 20,000 homes, equivalent to removing 36,000 petrol-driven cars from the roads. This move is part of Octopus’ broader investment strategy in North America, following recent deals with offshore wind […] Read the full story here: https://lnkd.in/dUJdMyDh #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #cleanenergy #europe #northamerica #octopusenergy #solarfarms

🚀 Elum Energy secures $13M Series B funding! We are proud to announce that Elum Energy has raised $13 million in Series B funding, led by Energize Capital with participation from existing investors Alter Equity and Cota Capital. This investment will fuel our growth and enhance our advanced energy management solutions, including expansion into new markets and developments in energy storage and EV charging. ⚡As the global renewable energy sector continues to grow, with renewable electricity capacity expected to increase by 65% by 2027, Elum Energy remains dedicated to providing advanced operations and maintenance solutions. Our technologies ensure seamless integration across C&I installations, microgrids, and utility-scale projects, helping asset owners maximize efficiency. 🌍 We are excited to partner with Energize, an investor with energy expertise and a shared vision, to build an intelligent, robust and flexible grid powered by renewables and managed by scalable software technology. 👉 Read the full news here: https://bit.ly/3ZhPyJq #EnergyInnovation #RenewableEnergy #SeriesBFunding

Enlight Renewable Energy Begins Operations at 364 MW Atrisco Solar & Storage Project in New Mexico Enlight Renewable Energy has announced the initial commercial operations of its Atrisco Solar & Energy Storage project near Albuquerque, New Mexico. Developed by Enlight’s U.S. subsidiary Clenera, the project features a 364 MW solar generation array and a 1.2 GWh energy storage system (BESS). The solar array is set to reach full commercial operations in the coming weeks, while the energy storage component is expected to achieve commercial operation before the end of the year. The clean energy produced by Atrisco will be purchased by the Public Service Company of New Mexico (PNM) under a 20-year power purchase agreement, providing […] Read the full story here: https://lnkd.in/d8gAcSke #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #america #india #newmexico #northamerica #renewableenergy #renewableenergy #solarenergy #unitedstates

HEXA Renewables Partners with Bison Energy to Boost Solar and BESS Projects in Japan HEXA Renewables, a platform owned by I Squared Capital, has entered into a strategic equity investment option agreement with Bison Energy, focusing on solar energy and Battery Energy Storage Systems (BESS) projects in the Japanese market. This partnership aims to accelerate the development and construction of Bison Energy’s clean energy project pipeline, strengthening both companies’ positions in the renewable energy sector. The collaboration aligns with Japan’s push toward renewable energy adoption and global sustainability efforts, highlighting the growing potential of solar and BESS technologies in the region. Advancing Japan’s Renewable Energy Landscape Michael Zhang, CEO of Bison Energy, expressed his […] - https://lnkd.in/dpsmsBav #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #asia #batterystorage #bess #cleanenergy #collaboration #energy #japan #renewableenergy #solarenergy #sustainability

Berde Renewables Inc. Partners with Magic Group of Companies to Expand Solar Energy in Northern Luzon Leading renewable energy firm Berde Renewables has solidified its commitment to expanding sustainable energy solutions in the Philippines through a strategic partnership with Northern Luzon retail giant Magic Group of Companies This collaboration marks a significant step toward advancing renewable energy adoption in the region, beginning with the installation of a 729 kilowatt peak (kWp) solar power system at Magic Mall San Carlos. The solar power purchase agreement (PPA) between the two companies is expected to be completed within a 12-month timeframe. Read the full story here: https://lnkd.in/drxJrvkJ #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #berderenewables #magicgroupofcompanies #philippines #ppa #renewableenergy #solarenergy #southeastasia

Daily News Update📰: Southeast Asia is on the cusp of a significant renewable energy transformation, according to a joint report by McKinsey & Company and the Singapore Economic Development Board (EDB) titled “Powering Progress in Southeast Asia’s Renewables Development.” The report highlights the region’s vast potential for clean energy, boasting an estimated 16 terawatts (TW) of solar power and 1 TW of wind energy. Despite this potential, current non-firm renewable energy penetration sits at a mere 5% as of 2022. https://lnkd.in/dhV6dMS4

Bluestar Energy Capital has introduced Noveria Energy, a platform dedicated to developing battery energy storage system (BESS) projects in Europe.   Initially concentrating on the German market, Noveria Energy has developed a project pipeline exceeding 2GWh, which is currently undergoing interconnection and permitting procedures. Since its initial $100 million capital raise in 2022, spearheaded by founders Declan Flanagan and Neil O’Donovan, with investments from S2G Ventures and Great Bay Renewables, Bluestar Energy Capital has been successfully expanding its global presence. Click the link below for the full story and follow us for daily mandates & news. #renewables #battery #batterystorage

Victoria's energy landscape is evolving with the official launch of the 200 MW / 400 MWh Rangebank Battery Energy Storage System (BESS), now fully operational just 18 months after construction began. Developed by Eku Energy and Shell, this cutting-edge system bolsters grid stability, providing enough energy to power 80,000 homes for an hour during peak demand. As Shell’s first direct equity investment in a utility-scale BESS globally, Rangebank marks a milestone in advancing battery storage to complement renewables. With Victoria targeting 6.3 GW of renewable energy storage by 2035, this project is part of a growing portfolio of utility-scale batteries transforming the region's energy future. Victoria adds new big battery: https://lnkd.in/efdkTchV #EnergyStorage #BatteryInnovation #Renewables #CleanEnergy #Victoria #BESS

EIG has launched Fidra Energy, a new developer focused on battery energy storage systems (BESS) based in Edinburgh, Scotland! Their ambitious goal? To roll out 10 GW of BESS projects across the UK and Europe by 2030. With a robust 3.15 GW development pipeline already underway in the UK, Fidra’s flagship project, the 1.45 GW Thorpe Marsadh, is set to begin construction in South Yorkshire next year, poised to be the largest BESS project in Europe! 🌍 CEO Chris Elder emphasizes that battery storage is key for Europe’s energy transition, enabling the integration of renewable energy sources while meeting rising electricity demand. EIG launches Fidra Energy with 3.15GW BESS pipeline: https://lnkd.in/d8espyur #BatteryStorage #RenewableEnergy #EnergyTransition

The Middle East is experiencing a significant shift in its energy landscape. According to recent research by Rystad Energy, the region’s renewables capacity is set to soar, with solar photovoltaic (PV) expected to become the predominant power source. By 2050, it’s projected that renewable energy sources, including solar and wind, will constitute an impressive 70% of the Middle East’s power generation mix. This transition is driven by the region’s rapid industrial growth, increasing population, and a global drive to reduce carbon emissions. Despite this surge in clean energy installations, natural gas will continue to play a significant role in the short term, with usage expected to peak around 2030. However, by 2050, the share of gas in the power generation mix is anticipated to shrink from 74% at the end of 2023 to 22%. The Middle East’s total solar capacity surpassed 16 gigawatts (GW) at the end of 2023 and is projected to reach nearly 23 GW by the end of 2024, with an expectation to hit 100 GW by 2030. This growth is partly fueled by green hydrogen projects and an annual growth rate of 30 percent. The region’s power demand is also expected to rise significantly, from the current 1,200 terawatt-hours (TWh) to about 2,000 TWh by 2050, due to strong industrial development, population growth, and the electrification of transport and other sectors. The residential sector currently accounts for 40% of total power demand, followed by the commercial sector at 26% and the industrial sector at 22%. This transformative shift towards renewable energy, particularly solar PV, is a clear indication of the Middle East’s commitment to meeting its soaring power demand while reducing its reliance on fossil fuels. It’s a strategic move that aligns with global efforts to transition to a more sustainable and clean energy future.