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The new Venture Capital (VC) firm Breakthrough Energy Ventures (BEV) only invests in technologies they vet as both “scientifically feasible at scale” and with the potential to reduce “at least half a gigaton of greenhouse gases every year.” Along with Alfa Laval and Concord New Energy Group, BEV has invested $26 million in early stage …
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Standalone thermal storage: “Incredibly cheap grid-scale storage with a very long calendar life” Breakthrough Energy Ventures funds Malta thermal energy storage battery for power and district heating IMAGE @BEV The new Venture Capital (VC) firm Breakthrough Energy Ventures (BEV) only invests in technologies they vet as both “scientifically feasible at scale” and with the potential …
Continue reading “VC-Funded Thermal “Battery” is Based on CSP Molten Salt Energy Storage”
Following the announcement of Dr. Luis Crespo to retire, the General Assembly of the European Solar Thermal Electricity Association (ESTELA), elected Mr. Jose Luis Martinez Dalmau as new President of ESTELA for a 2-year term. Together with the President election, the Executive Committee of the Association was also newly mandated. Mr. Jose Luis Martinez Dalmau …
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The day, which was celebrated on 1 May, recognised the important health and safety work carried out on the project, as well as those workers whose contribution has helped to bring about greater safety on the project. The consortium formed by ACCIONA and Abengoa to construct the Cerro Dominador solar-thermal power plant, a project owned …
Thermal energy stored in steel slag could replace fossil fuels used for heat in steel production Slag is the steel industry’s biggest waste byproduct. It could find a use: to cut the carbon emissions from steel production Starting this year, thermal energy researchers in Spain’s Basque Country will test the use of slag as thermal …
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Renewable energies accounted for 41.9% of electricity demand in Spain in April 2019: wind power 24.8%, solar thermal 2% and photovoltaic 3.4%. Generation structure of April 2019 Wind power generation was the leading technology for monthly electricity production in the Peninsula and represented 24.8% of the total. 41.9% of the peninsular generation in April was …
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In April 2019, the International Renewable Energy Agency (IRENA) published a report on a “roadmap to 2050” in terms of renewable energy. The report highlighted the possibility that by 2050, about 86 percent of the world’s power demands could be met by renewable power. It also highlighted that 50 percent of global electricity production could …
Continue reading “Is UAE Leading the Way for Concentrated Solar Power in GCC?”
Rising power demand and renewables in Texas could support several gigawatts of Concentrated Solar Power capacity in the 2030s but gas and battery prices remain a key risk for developers, Caitlin Murphy, Senior Energy Policy Analyst at the National Renewable Energy Laboratory (NREL), told New Energy Update. Cost reductions pursued by CSP developers could reinvigorate …
Cost reductions pursued by CSP developers could reinvigorate demand for new projects in the U.S. and open up new markets in Texas and the Southeast, according to a recent paper by NREL. Long-term power demand growth and rising PV and wind penetration will improve the business case for CSP plants with storage to provide power …
Continue reading “Texas growth could drive next wave of US CSP build”
In 2018, three Chinese demonstration Concentrated Solar Power projects with a total capacity of 200MW have been put into operation. In 2019,China will continue to develop CSP market vigorously, and there are 350MW new installed capacity will be added. Meanwhile, SEPCO 3and NWEPDI have been fully involved in the construction of Morocco NOOR2&3 CSP projects;Shanghai …
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