Renewable energy

AVANGRID’S New England Clean Energy Connect Receives Final Major Permit and Announces Start of Construction

Friday, January 15, 2021 - 5:26pm

AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, announced today that it has received the Presidential Permit from the US Department of Energy for its New England Clean Energy Connect (NECEC) project, thus successfully completing all major permitting.

Key Points: 
  • AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, announced today that it has received the Presidential Permit from the US Department of Energy for its New England Clean Energy Connect (NECEC) project, thus successfully completing all major permitting.
  • The granting of the Presidential Permit brings us closer to our collective goal building a clean energy future for us all.
  • The New England Clean Energy Connect (NECEC) is a $950 million investment that will deliver 1,200 megawatts of renewable hydropower to the New England energy grid in Lewiston, Maine.
  • For more information about Hydro-Qubec: https://www.hydroquebec.com/about/our-energy.html
    For more information about the New England Clean Energy Connect, please visit our website at https://www.necleanenergyconnect.org/ .

Solstice Raises $3.1M to Offer Affordable and Inclusive Renewable Energy to Households Across the United States

Friday, January 15, 2021 - 2:00pm

Initially, Solstice will focus on Illinois, Massachusetts, New York, Maine, New Jersey, with more states quickly following.

Key Points: 
  • Initially, Solstice will focus on Illinois, Massachusetts, New York, Maine, New Jersey, with more states quickly following.
  • The clean energy industry is poised to experience exponential growth in 2021 as demand for climate solutions surge from governments, corporations, and civil society.
  • "Solstice has worked for years to put solar within reach of excluded households, and we are excited to partner with our investors to accelerate an equitable transition to clean energy."
  • "We are pleased to renew our support to Solstice in its mission to both facilitate access to renewable electricity for all and accelerate the deployment of renewable energy.

Mass Megawatts (MMMW) Plans to Launch Florida Solar Project Sales Office in Early Spring 2021

Friday, January 15, 2021 - 12:49pm

Worcester, Massachusetts--(Newsfile Corp. - January 15, 2021) - Mass Megawatts Wind Power, Inc. (OTC Pink: MMMW) plans to launch a sales office in Florida during the early months of 2021 in order to take advantage of the fast-growing solar market in the state.

Key Points: 
  • Worcester, Massachusetts--(Newsfile Corp. - January 15, 2021) - Mass Megawatts Wind Power, Inc. (OTC Pink: MMMW) plans to launch a sales office in Florida during the early months of 2021 in order to take advantage of the fast-growing solar market in the state.
  • The sales operation includes the sales of both traditional stationary solar units and solar projects including the patent pending solar tracker.
  • The sales effort plans include a sales manager, assistant sales manager, field employees to identify potential sales, and other employees to close the sales.
  • Due to this advantage, Mass Megawatts can deliver more solar power production at a price similar to lower-capacity, stationary systems.

U.S. Patent Awarded and Exclusively Licensed to Aemetis Enabling Launch of “Carbon Zero” Production Plants

Friday, January 15, 2021 - 1:00pm

10907184 (to be published February 2, 2021), enabling the launch of Aemetis Carbon Zero production plants to commercialize the technology.

Key Points: 
  • 10907184 (to be published February 2, 2021), enabling the launch of Aemetis Carbon Zero production plants to commercialize the technology.
  • Using patented technology exclusive to Aemetis for agricultural waste wood feedstock, the Carbon Zero plants are integrated with existing Aemetis production facilities to produce energy dense renewable fuels using renewable energy and below zero carbon intensity waste feedstocks.
  • The Aemetis Carbon Zero production plants are designed to convert below zero carbon feedstocks (waste wood and ag wastes) and renewable energy (solar, renewable natural gas, biogas) into energy dense liquid renewable fuels.
  • The first Aemetis Carbon Zero production plant Carbon Zero 1 is planned for the 140-acre Riverbank Industrial Complex in Central California, a former Army ammunition production facility with 710,000 square feet of existing production buildings.

China's carbon-neutrality goal increases the urgency of meeting 100 percent of the nation's new electricity demand growth with zero-carbon sources

Friday, January 15, 2021 - 8:00am

It further outlines recommendations for policies and a plan to deliver them during the 14th Five-Year Plan.

Key Points: 
  • It further outlines recommendations for policies and a plan to deliver them during the 14th Five-Year Plan.
  • On September 22, 2020, President Xi Jinping announced that China will strive to peak emissions before 2030 and achieve carbon neutrality before 2060.
  • This new climate pledge is a critical step forward in the global fight against climate change and reflects China's determination to provide responsible global leadership.
  • China's power system can also continue to operate effectively with the higher levels of renewables outlined in the 2030 scenario.

China's carbon-neutrality goal increases the urgency of meeting 100 percent of the nation's new electricity demand growth with zero-carbon sources

Friday, January 15, 2021 - 8:00am

It further outlines recommendations for policies and a plan to deliver them during the 14th Five-Year Plan.

Key Points: 
  • It further outlines recommendations for policies and a plan to deliver them during the 14th Five-Year Plan.
  • On September 22, 2020, President Xi Jinping announced that China will strive to peak emissions before 2030 and achieve carbon neutrality before 2060.
  • This new climate pledge is a critical step forward in the global fight against climate change and reflects China's determination to provide responsible global leadership.
  • China's power system can also continue to operate effectively with the higher levels of renewables outlined in the 2030 scenario.

Petrofac Limited: Statement on UK Serious Fraud Office announcement

Friday, January 15, 2021 - 7:01am

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies.

Key Points: 
  • Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies.
  • Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure.
  • Our purpose is to enable our clients to meet the world's evolving energy needs.
  • Our six values - safe; ethical; innovative; responsive; quality & cost conscious; driven to deliver - are at the heart of everything we do.

DGAP-News: Pacific Green Signs Battery Energy Storage System Strategic Manufacturing Framework Memorandum of Understanding with Shanghai Electric Gotion New Energy Technology CO., LTD.

Friday, January 15, 2021 - 6:01am

Pacific Green Signs Battery Energy Storage System Strategic Manufacturing Framework Memorandum of Understanding with Shanghai Electric Gotion New Energy Technology CO., LTD.

Key Points: 
  • Pacific Green Signs Battery Energy Storage System Strategic Manufacturing Framework Memorandum of Understanding with Shanghai Electric Gotion New Energy Technology CO., LTD.
  • Pacific Green Signs Battery Energy Storage System Strategic Manufacturing Framework Memorandum of Understanding with Shanghai Electric Gotion New Energy Technology CO., LTD.
    DOVER, DE / ACCESSWIRE / January 14, 2021 / Pacific Green Technologies, Inc. (the "Company" or "PGTK," (OTCQB:PGTK)) announces the signing of a Battery Energy Storage System Strategic Manufacturing Framework Agreement Memorandum of Understanding (the "Framework Agreement") with Shanghai Electric Gotion New Energy Technology Co., Ltd. ("SEG").
  • Under the terms of the Framework Agreement, the parties will work together towards the development of various lithium-ion Battery Energy Storage System (BESS) projects around the world.
  • PGTK, through its wholly-owned subsidiary, Pacific Green Energy Storage Technologies, Inc., will manage each project's overall execution, including system design, integration, and commercial optimization, while SEG will produce the battery technology as the equipment manufacturer.

Pacific Green Signs Battery Energy Storage System Strategic Manufacturing Framework Memorandum of Understanding with Shanghai Electric Gotion New Energy Technology CO., LTD.

Thursday, January 14, 2021 - 9:00pm

DOVER, DE, Jan 15, 2021 - (ACN Newswire) - Pacific Green Technologies, Inc. (the "Company" or "PGTK," (OTCQB:PGTK)) announces the signing of a Battery Energy Storage System Strategic Manufacturing Framework Agreement Memorandum of Understanding (the "Framework Agreement") with Shanghai Electric Gotion New Energy Technology Co., Ltd. ("SEG").

Key Points: 
  • DOVER, DE, Jan 15, 2021 - (ACN Newswire) - Pacific Green Technologies, Inc. (the "Company" or "PGTK," (OTCQB:PGTK)) announces the signing of a Battery Energy Storage System Strategic Manufacturing Framework Agreement Memorandum of Understanding (the "Framework Agreement") with Shanghai Electric Gotion New Energy Technology Co., Ltd. ("SEG").
  • Under the terms of the Framework Agreement, the parties will work together towards the development of various lithium-ion Battery Energy Storage System (BESS) projects around the world.
  • PGTK, through its wholly-owned subsidiary, Pacific Green Energy Storage Technologies, Inc., will manage each project's overall execution, including system design, integration, and commercial optimization, while SEG will produce the battery technology as the equipment manufacturer.
  • Pacific Green Technologies, Inc. is focused on addressing the world's need for cleaner and more sustainable energy.

Global Offshore Wind Market to 2024: Rising Penetration of Offshore Wind Power / Improvement in Capacity Factor / Rising Renewable Energy Consumption / Growing Numbers of Offshore Wind Farms

Thursday, January 14, 2021 - 8:00pm

The global offshore wind market is expected to record a value of US$51.75 billion in 2024, increasing at a CAGR of 14.21%, for the duration spanning 2020-2024.

Key Points: 
  • The global offshore wind market is expected to record a value of US$51.75 billion in 2024, increasing at a CAGR of 14.21%, for the duration spanning 2020-2024.
  • The factors such as rising penetration of offshore wind power, growing electricity demand, improvement in capacity factor, rising renewable energy consumption and an escalating number of offshore wind farms would drive the growth of the market.
  • A few notable trends may include decline in installation cost, increasing R&D spending on energy sector and the evolution of offshore wind turbines.
  • The global offshore wind sector has been very lucrative over the past few years due to the consistent upgradation in the cutting-edge offshore wind farm technology.