Thu. Dec 8th, 2022

News

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. ...... Read More
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.  ...... Read More
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