Siemens Gamesa has created ETES, an electrothermal storage system that stores 130 MWh for one week in volcanic rock. It could revitalize coal-fired power plants into sustainable energy storage facilities.
Malta Inc. is developing an innovative sodium-ion battery, backed by celebrity investors such as Jeff Bezos, Bill Gates and Mark Zuckerberg, that stores energy using heat for extended periods, offering a potential affordable solution for long-term energy storage, essential for the transition to renewable energies.
Form Energy, funded by Bill Gates’ Breakthrough Energy Ventures, has developed a sulfur-based long-term energy storage technology offering 150 hours of storage, revolutionizing current systems and paving the way for a 100% renewable grid.
Highview Power is developing CRYOBattery technology, a 50 MW cryogenic battery that can store energy for more than eight hours. Sumitomo Heavy Industries has invested $46 million to support this project in the context of the transition to renewable energies.
Zinc batteries are now rechargeable on a large scale thanks to Zinc8 Energy Solutions’ technology, offering an affordable and efficient energy storage solution for utilities with a reaction between zinc and oxygen.
The impact of the coronavirus has led to a significant drop in global energy investment in 2020, with around 20% of planned spending, or some $400 billion, cancelled.
Blockchain could be the key to effective tracking of carbon emissions throughout the supply chain. This solution could prove useful in a context of global warming. Energy systems are currently aiming for decarbonization. Promoting transparency will be key to ensuring
The Oxec II hydroelectric dam in Guatemala provides 56 MW of hydropower, contributing to the country’s national renewable energy targets. The project was successfully completed using innovative design approaches, paving the way for other hydroelectric developments in the region.
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