Major US utility Florida Power & Light Company (FPL) is planning to build the world’s largest battery energy storage system adjacent to an existing solar power plant, with plans to roll out multiple other storage systems across the state.
The European Bank for Reconstruction and Development (EBRD) will no longer finance thermal coal mining or coal-fired electricity generation and will focus instead on renewable energy as part of its new five-year decarbonisation energy strategy.
Malaysian state-owned oil and gas giant Petronas has become the latest fossil fuel major to show intentions to move into the renewable energy space, with a focus on solar power.
The small island nation of Palau in the western Pacific Ocean has moved a step closer to having what is said to be the largest ever microgrid spanning diesel, solar and battery energy storage.
State-owned utility State Grid China, one of the world’s largest employers, has signed a memorandum of understanding (MoU) with German technology association VDE for cooperation in a range of priority areas, kicking off with a focus on smart energy and smart mobility.
Shell has signed an agreement to acquire a 43.83% interest stake in US solar developer Silicon Ranch Corporation from investment manager Partners Group for US$193-217 million.
