Energy Vault, a gravity-based power storage provider, has begun building on its first commercial-scale project. The 100MWh battery pack is being constructed near a wind generator in Rudong, Jiangsu State, China, just east of Shanghai.
According to the announcement, this implies the firm’s approach is cost-effective and environmentally benign, allowing the usage of renewable energy from moments when demand is low to instances when capacity is mostly required during peak hours.
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ERG, an Italian clean energy provider, has agreed to a five-year agreement with ONYX Insight to leverage their cloud-based advanced analytics fleetMONITOR for the improvement of component timeframes and save operations and maintenance-related costs.
The software has been installed on over 250 wind generators in Italy, Germany, as well as France, with the goal of assisting ERG in optimizing fleet operations.
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Stellantis N.V. with Samsung SDI has disclosed plans to build an electric vehicle battery production facility in Kokomo. The facility, which is scheduled to open in 2025, will have a starting annual production output of 23GWh, with the capacity increasing to 33GWh in the future.
The joint venture will contribute more than $2.5 billion and create 1,400 new job opportunities in Kokomo and nearby areas. The investment might eventually reach $3.1 billion.
The new plant will ...... Read More
Neara is growing globally, with a key orientation on the United States, to assist energy providers in managing the increasing effects of global warming, improving network stability, and accelerating clean energy integration. The company confirmed a $14 million Series B fundraising round.
Neara intends to address the most pressing concerns confronting utilities, such as an increasingly unstable ecosystem, catastrophic weather occurrences, and obligations to increase renewable ...... Read More