KV

Gas Insulated Switchgear Market worth $31.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, November 10, 2023
Transmission system operator, Internet of things, Electronics, Urbanization, Transmission system, TSO, Samsung Electronics, Gas, ABB, Switchgear, AC, Electricity, Automation, Growth, Region, KV, GIS, Insulation, Low, Schneider Electric, Electric power, Application, Switchyard reactor, Voltage

Outdoor segment, by installation, to occupy majority of Gas Insulated Switchgear Market share.

Key Points: 
  • Outdoor segment, by installation, to occupy majority of Gas Insulated Switchgear Market share.
  • These outdoor gas insulated switchgear are primarily used in substations and switchyards where space constraints for outdoor installations are not a concern.
  • Given their widespread application areas, outdoor gas insulated switchgear are anticipated to capture a larger market share compared to their indoor counterparts.
  • During the forecast period, Asia Pacific is anticipated to hold the largest market share in the global Gas Insulated Switchgear Market.

Gas Insulated Switchgear Market worth $31.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, November 10, 2023
Transmission system operator, Internet of things, Electronics, Urbanization, Transmission system, TSO, Samsung Electronics, Gas, ABB, Switchgear, AC, Electricity, Automation, Growth, Region, KV, GIS, Insulation, Low, Schneider Electric, Electric power, Application, Switchyard reactor, Voltage

Outdoor segment, by installation, to occupy majority of Gas Insulated Switchgear Market share.

Key Points: 
  • Outdoor segment, by installation, to occupy majority of Gas Insulated Switchgear Market share.
  • These outdoor gas insulated switchgear are primarily used in substations and switchyards where space constraints for outdoor installations are not a concern.
  • Given their widespread application areas, outdoor gas insulated switchgear are anticipated to capture a larger market share compared to their indoor counterparts.
  • During the forecast period, Asia Pacific is anticipated to hold the largest market share in the global Gas Insulated Switchgear Market.

Caverion to implement three power line projects for Fingrid - will safeguard electricity transmission and security of supply in the Helsinki region

Retrieved on: 
Thursday, November 9, 2023
Fingrid, Caverion, Microsoft, Fortum, Electricity, Optical ground wire, OPGW, KV, Electric power

VANTAA, Finland, Nov. 9, 2023 /PRNewswire/ -- Fingrid Oyj has chosen Caverion to implement three power line projects in the Helsinki metropolitan area. The total value of the projects is EUR 8.5 million.

Key Points: 
  • VANTAA, Finland, Nov. 9, 2023 /PRNewswire/ -- Fingrid Oyj has chosen Caverion to implement three power line projects in the Helsinki metropolitan area.
  • In addition, Caverion will build 2 x 110 kV power lines between Kopula and Hankasalo and implement power line alterations in Nurmijärvi.
  • The projects are significant for electricity transmission and security of supply in the Helsinki metropolitan area, and they will contribute to achieving Espoo's climate objectives.
  • "The projects safeguard electricity transmission in the Helsinki metropolitan area, as well as the supply of power to data centres being built.

First American Made export cable installed at South Fork Offshore Wind Farm

Retrieved on: 
Wednesday, November 8, 2023
EVP, Wind, Electricity, GIS, Eversource Energy, HVAC, South Fork Wind Farm, KV, Renewable energy, Nexans

Nexans' export cable for Ørsted and Eversource's South Fork Wind Farm off Long Island, NY has been installed and the site acceptance test successfully performed.

Key Points: 
  • Nexans' export cable for Ørsted and Eversource's South Fork Wind Farm off Long Island, NY has been installed and the site acceptance test successfully performed.
  • The subsea cable on the seabed marks a significant moment for the Group and the country as the first American made subsea cable that connects a US offshore wind farm to the electricity grid.
  • The 110km 138 kV export cable will soon transmit 132MW of electricity to Long Island, New York, energizing over 70,000 homes.
  • The South Fork Wind Farm contract is the first to be completed within a framework agreement between Nexans and Ørsted Wind Power North America LLC.

Energy Vault Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Alternative Energy, Energy, Other Energy, Utilities, Adjustment, Wellhead, Q&A, Sustainability, NYSE, Kilowatt-hour, EBITDA, GAAP, Wind, Energy management system, Southern California Edison, William W. Powers State Recreation Area, Growth, S&P, Energy Vault, Gravity-based structure, KV, Renewable energy, Electric battery

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the third quarter ended September 30, 2023.
  • “The Energy Vault team executed well in delivering record revenue this past quarter across multiple customer sets in the US market while supporting strong regional demand for our gravity energy storage systems in China, India, South Africa and the US market,” said Robert Piconi, Chairman and CEO of Energy Vault.
  • Built using Energy Vault’s proprietary system design and Energy Management System, the Stanton Energy Storage System is one of the largest energy storage systems in Southern California.
  • Energy Vault will host a conference call today, November 7, 2023 at 4:30 PM ET to discuss the results, followed by a Q&A session.

Torex Gold Provides Quarterly Update on Media Luna Project

Retrieved on: 
Monday, October 30, 2023
Technical report, Media Luna, HAZOP, Water, Technical, Hazard, Workforce, Balsas River, Engineering, Forecasting, Movement, Ventilation, KV, Cryptocurrency, Rail transport, Tunnel, Iron(II) sulfide

TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) provides Q3 2023 update on the development of its Media Luna Project (“Media Luna”). Unless otherwise stated, progress and milestones referenced in this press release are as of September 30, 2023.

Key Points: 
  • As of the end of September, there were twenty active headings, including eleven in Media Luna Lower and nine in Media Luna Upper.
  • As noted in the previous Media Luna update, plans for the early installation of the FeS flotation circuit and water treatment plant have been adjusted.
  • The current project plan relative to the Technical Report reflects the Company’s estimates for the completion of key project deliverables.
  • More detail on the Media Luna Project, including the feasibility study results, can be found in the Company’s most recent Technical Report dated effective March 16, 2022, filed on March 31, 2022 (“Technical Report”).

Osisko Announces Royalty Transaction on the Namdini Gold Project in Ghana

Retrieved on: 
Monday, October 30, 2023
NSR, Gold, Savanna, NYSE, Tax, Feasibility study, History, GEO, News, World Gold Council, Acquisition, National instrument, Osisko Gold Royalties, Partnership, Interim, Lycopodium, SAG, Flotation, National Instrument 43-101, African, CIL, VAT, TSX, KV, Mining

MONTREAL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce that it has acquired a 1.0% net smelter return (“NSR”) royalty (the “Royalty”) covering the Namdini Gold Project (“Namdini”) in Ghana.

Key Points: 
  • MONTREAL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce that it has acquired a 1.0% net smelter return (“NSR”) royalty (the “Royalty”) covering the Namdini Gold Project (“Namdini”) in Ghana.
  • Osisko has closed the transaction with Savannah Mining Limited (“Savannah”), acquiring a direct interest in 50% of Savannah’s 2.0% NSR royalty for total consideration of US$35 million (excluding applicable taxes and levies).
  • Namdini is a long-life, low-cost, open-pit gold project located in Ghana, one of West Africa’s most prolific gold producing countries.
  • We look forward to having the 1.0% NSR on Namdini contribute to our near-term cash flows and GEO growth profile.”
    The Namdini Gold Project is an open-pit gold project located in Ghana, approximately 50 km southeast of the town of Bolgatanga, and close to the southern border of Burkina Faso.

Hitachi Energy selected as preferred technology provider for the longest HVDC link in the UK

Retrieved on: 
Thursday, July 27, 2023
BAM, Eastern Green, Wind, Electricity, National Grid, HVDC, Transport, Electronics, VSC, SSEN, BAM Nuttall, KV, Electric power, Renewable energy

The energy transition requires a collaborative effort that can only be achieved with advanced technologies and new ways of working.

Key Points: 
  • The energy transition requires a collaborative effort that can only be achieved with advanced technologies and new ways of working.
  • In appointing Hitachi Energy as their preferred technology provider, SSEN Transmission and National Grid secure best-in-class technology and future production capacity in a rapidly growing market.
  • For Hitachi Energy, this enables investment in new production capacity and to undertake large-scale recruitment drives.
  • Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.

Marathon Gold Provides Third Quarter 2023 Construction Report

Retrieved on: 
Monday, October 23, 2023
Decision, ROM, Project, Rehabilitation, Environment, SAG, MSE, Mining, Electricity, Marathon, Bed, Gold, TMF, News, Carbon, Grand Falls-Windsor, Impact Assessment Agency of Canada, Employment, Mechanical, IAAC, Newfoundland and Labrador Route 480, KV, Badger, Construction, Person, Impact Assessment Act and Canadian Energy Regulator Act, EA, Climate change, Season, TSX, Chachuna Managed Reserve, Female, MOZ, Structure, Leprechaun, Biophysical environment, National instrument, Senior, Newfoundland and Labrador Hydro, NL, Oil, CIL, Building material, Rare-earth element, Risk management, Dam, Renewable energy, Road, Geology, Engineering

TORONTO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on progress at its 100% owned Valentine Gold Project located in central Newfoundland (the “Project”) for the quarter ended September 30, 2023.

Key Points: 
  • TORONTO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on progress at its 100% owned Valentine Gold Project located in central Newfoundland (the “Project”) for the quarter ended September 30, 2023.
  • Matt Manson, President and CEO, commented: “The summer construction season has seen rapid progress at the Valentine Gold Project.
  • During the third quarter, overburden removal and mining was transferred to the Marathon Pit due to its close proximity to the TMF.
  • The Project remains on schedule to achieve mill commissioning in the fourth quarter of 2024 and first gold in the first quarter of 2025.

Air Circuit Breaker Market worth $4.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, October 6, 2023
Construction, Atmosphere of Earth, Urbanization, Overload, Acquisition, BAE Systems Platforms & Services, SF6, SDV, Regulation, KV, IEEE, Eaton, Compressed air, Low, Configuration, Safety, Modern US endurance UAVs, Siemens, AC, Electricity, Competition (economics), Industrial, Growth, Insulation, IEC, Integration, Structure, Overload (novel), Commercial, Atmosphere, Electronics, Electrical wiring, Electric motor, Electric power, Transformer, Application, Region

By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.

Key Points: 
  • By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.
  • The industrial segment often leads the Air Circuit Breaker Market because industrial facilities have notably higher energy demands compared to residential or commercial sectors.
  • By type, the air blast circuit breaker segment is expected to grow at the fastest rate during the forecast period.
  • The air blast circuit breaker segment is witnessing robust growth within the Air Circuit Breaker Market due to its advanced technology, which efficiently handles high fault currents by employing compressed air to extinguish electrical arcs during faults, ensuring rapid and reliable interruption of high-power circuits.