Power

Bechtel wins work on Australian pumped hydro facility to power more than a quarter of a million homes

Retrieved on: 
Thursday, August 4, 2022 - 7:50pm

SYDNEY, Aug. 4, 2022 /PRNewswire/ -- BE Power and GE Renewable Energy have selected Bechtel to support the planning for a new pumped storage hydro energy facility named Big-T at Lake Cressbrook in southeast Queensland, Australia. The project will support the transition of Australia's baseload of electricity away from its aging coal generation power plants and it will contribute to the Queensland Government's target of 50% renewable energy generation by 2030. 

Key Points: 
  • It will consist of a pumped hydro energy storage facility (400MW, 10 hours) and a battery energy storage facility (200MW, 1 hour), enough to power 288,000 homes with renewable energy.
  • Once operational, the plant is expected to deliver significant savings in electricity costs and improve the reliability of supply to consumers.
  • "We are pleased to secure the services of the global construction infrastructure leader Bechtel," said Scott Walkem, BE Power managing director.
  • www.bechtel.com
    BE Power Group is a multi-faceted energy company that develops, constructs, and operates power plants, with more than $4.5bn of projects under development.

Electric Generator Industry Report 2022: Power Equipment Direct Assesses State of Backup Power

Retrieved on: 
Thursday, August 4, 2022 - 4:47pm

"Consumers today want control of their power resiliency,and backup power plays an ever-increasing role in providing constant, reliable power for a home's connected products when the main grid does not,"saysHepner.

Key Points: 
  • "Consumers today want control of their power resiliency,and backup power plays an ever-increasing role in providing constant, reliable power for a home's connected products when the main grid does not,"saysHepner.
  • "Keepingproductsin stock has beena challenge faced by everyone in the power equipment industry thesepast two years," saysKristopher Schrader, senior category manager for generators at Power Equipment Direct.
  • Demand for backup power solutions is expected to grow moving forward.As it does, consumers can expectthe technology and capabilities of backup power to grow with it.
  • Utilizing specially-trained product experts, its wide selection of power equipment and HVAC products, and its U.S.-based support team, Power Equipment Direct provides a streamlined shopping experience designed to save customers time, money, and hassle.

INNIO Announces Future Collaboration With B.Grimm Power to Explore New Thailand Power Plant Projects

Retrieved on: 
Thursday, August 4, 2022 - 1:00pm

INNIO announced today that it has signed a Memorandum of Understanding (MoU) with B.Grimm Power to collaborate on building new power plant projects in Thailand.

Key Points: 
  • INNIO announced today that it has signed a Memorandum of Understanding (MoU) with B.Grimm Power to collaborate on building new power plant projects in Thailand.
  • Within the MoU, INNIO and B.Grimm will explore the development of decentralized and highly efficient power plants.
  • The two companies will focus on jointly developing the LNG and natural gas segment in Thailand with the possibility of future projects.
  • INNIO is pleased to enter into this collaboration with B.Grimm to explore power generation options to secure a stable and reliable power supply in Thailand, said Dr. Olaf Berlien, president and CEO of INNIO.

Lithium Silicon Battery Market worth $247 million by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, August 4, 2022 - 2:30pm

CHICAGO, Aug. 4, 2022 /PRNewswire/ -- Lithium silicon battery market size is projected to grow from USD 10 million in 2022 to USD 247 million by 2030 at CAGR of 48.4% during the forecast period from 2022 to 2030,according to a new report by MarketsandMarkets.

Key Points: 
  • CHICAGO, Aug. 4, 2022 /PRNewswire/ -- Lithium silicon battery market size is projected to grow from USD 10 million in 2022 to USD 247 million by 2030 at CAGR of 48.4% during the forecast period from 2022 to 2030,according to a new report by MarketsandMarkets.
  • The increasing use of lithium-ion battery-based electric grid storage systems is expected to open new market avenues for lithium silicon battery technologies.
  • Next-generation li-ion batteries will likely use silicon anodes that utilize silicon nanotubes or a coating of silicon material.
  • Consumer electronics is the only market that has successfully tested the application of lithium silicon batteries commercially.

Lithium Silicon Battery Market worth $247 million by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, August 4, 2022 - 2:30pm

CHICAGO, Aug. 4, 2022 /PRNewswire/ -- Lithium silicon battery market size is projected to grow from USD 10 million in 2022 to USD 247 million by 2030 at CAGR of 48.4% during the forecast period from 2022 to 2030,according to a new report by MarketsandMarkets.

Key Points: 
  • CHICAGO, Aug. 4, 2022 /PRNewswire/ -- Lithium silicon battery market size is projected to grow from USD 10 million in 2022 to USD 247 million by 2030 at CAGR of 48.4% during the forecast period from 2022 to 2030,according to a new report by MarketsandMarkets.
  • The increasing use of lithium-ion battery-based electric grid storage systems is expected to open new market avenues for lithium silicon battery technologies.
  • Next-generation li-ion batteries will likely use silicon anodes that utilize silicon nanotubes or a coating of silicon material.
  • Consumer electronics is the only market that has successfully tested the application of lithium silicon batteries commercially.

Powered by MRP Announces the Launch of the "MRP Movement," a Philanthropic Program to Help Human Trafficking Survivors

Retrieved on: 
Thursday, August 4, 2022 - 2:00pm

This nationwide philanthropic program, in partnership with local nonprofit organizations, will help human trafficking survivors by providing complimentary skin treatments to remove scars related to abuse or trauma.

Key Points: 
  • This nationwide philanthropic program, in partnership with local nonprofit organizations, will help human trafficking survivors by providing complimentary skin treatments to remove scars related to abuse or trauma.
  • As part of their efforts, Powered by MRP will provide its devices and offer training to key clinics that will be administering the treatments free of charge to human trafficking survivors.
  • In conjunction with the treatments, Powered by MRP will launch a social media fundraiser to benefit the partnering nonprofit that strives to help survivors find the resources necessary to reclaim their lives.
  • "We know the pandemic has impacted charitable giving in many respects especially considering human trafficking," said Founder and CEO Scott Carson.

Quanergy Announces World’s First 2D 360° PoE LiDAR Sensor

Retrieved on: 
Wednesday, August 3, 2022 - 6:42pm

Quanergy Systems, Inc. , (NYSE: QNGY) (Quanergy) a leading provider of LiDAR sensors and smart 3D solutions, today announced the M1 Edge PoE LiDAR sensor, building on the companys M1 Edge solution.

Key Points: 
  • Quanergy Systems, Inc. , (NYSE: QNGY) (Quanergy) a leading provider of LiDAR sensors and smart 3D solutions, today announced the M1 Edge PoE LiDAR sensor, building on the companys M1 Edge solution.
  • View the full release here: https://www.businesswire.com/news/home/20220803005753/en/
    Quanergy Announces Worlds First 2D 360 PoE LiDAR Sensor (Graphic: Business Wire)
    Quanergys M1 Edge LiDAR sensors enable smart awareness for applications that require simple object detection and alerting capabilities.
  • The M1 Edge PoE is ideal for any environment where threats can come from small objects or in hard-to-reach places.
  • Quanergy has developed the only true 100% solid-state CMOS LiDAR sensor built on optical phased array (OPA) technology to enable the mass production of low-cost, highly reliable 3D LiDAR solutions.

Soluna Appoints Phil Patman Jr. from Ameresco as Chief Financial Officer

Retrieved on: 
Wednesday, August 3, 2022 - 1:00pm

ALBANY, NY, Aug. 03, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for cryptocurrency mining and other intensive computing, has announced the appointment of Phil Patman Jr. as Chief Financial Officer (CFO). As CFO, Patman will spearhead finance and accounting with a specific focus on capital markets and acquisitions for Soluna and its growing pipeline of green data centers co-located with renewable power plants. 

Key Points: 
  • Most recently, Patman served as Vice President and Head of Renewable Fuels M&A and Strategy at Ameresco.
  • We are thrilled to bring Phil on as we further build out our leadership team to support our rapid growth, said Michael Toporek, CEO of Soluna Holdings.
  • Patman begins on August 16th and will report to Michael Toporek, CEO of Soluna Holdings, replacing Jessica Thomas as Chief Financial Officer.
  • The entire Soluna team including our board is grateful to Jessica for her commitment and hard work at MTI and Soluna, said Michael Toporek, CEO of Soluna Holdings.

Ideal Power to Host Second Quarter 2022 Results Conference Call on Monday, August 15, 2022 at 4:30 P.M. Eastern Time

Retrieved on: 
Wednesday, August 3, 2022 - 1:30pm

The Company is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN) semiconductor technology.

Key Points: 
  • The Company is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN) semiconductor technology.
  • B-TRAN is a unique double-sided bidirectional AC switch able to deliver substantial performance improvements over today's conventional power semiconductors.
  • Ideal Power believes B-TRAN will reduce conduction and switching losses, complexity of thermal management and operating cost in medium voltage AC power switching and control circuitry.
  • Ideal Power Investor Relations Contact:

ALLETE, Inc. Reports Second Quarter Earnings of 67 Cents Per Share, Reaffirms 2022 Earnings Guidance Range of $3.60 - $3.90 Per Share

Retrieved on: 
Wednesday, August 3, 2022 - 11:30am

ALLETE, Inc. (NYSE: ALE) today reported second quarter 2022 earnings of 67 cents per share on net income of $37.6 million.

Key Points: 
  • ALLETE, Inc. (NYSE: ALE) today reported second quarter 2022 earnings of 67 cents per share on net income of $37.6 million.
  • Second quarter 2022 earnings reflect higher income at Minnesota Power primarily due to the implementation of interim rates on January 1, 2022.
  • ALLETE Clean Energy recorded second quarter 2022 net income of $5.8 million compared to $5.1 million in 2021.
  • Earnings per share dilution in 2022 was approximately 5 cents due to additional shares of common stock outstanding as of June 30, 2022.