ACWA Power and Iberdrola are among the seven founders of a new coalition that aims to scale up the production of green hydrogen 50-fold in the next six years while halving production costs.
Both Vattenfall and Ørsted, two of Europe’s biggest renewables companies, will start next year with new bosses after the announcement of new chief executives this week.
A round-up of policy developments and project news from the US, where Massachusetts’ SMART programme has doubled its capacity and plans to launch a regional imbalance market in the Southeast have come under scrutiny.
Danish utility giant Ørsted has started building its first large-scale solar-plus-storage project in the US, located in Andrews County, Texas, alongside existing oil and gas installations.
The CEO of Orsted, the world’s largest offshore wind developer, has said that his company is working to establish “a scalable commercial model” for solar PV and energy storage, viewing both as potential drivers of long-term growth.
