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Published: 17 Mar 2021, 11:29
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A Convergent Energy + Power project in Ontario, Canada. Image: Convergent Energy + Power.
Energy storage project developer Convergent Energy + Power has contracted GE Renewable Energy to supply key equipment to a three-site large-scale solar-plus-storage hybrid resource project in New York State.
GE Renewable Energy announced the contract earlier this week and said it will be providing an integrated solar inverter and energy storage system to the DC-coupled project, which includes 123MWh of energy storage. GE is also providing Convergent Energy + Power with a 20-year service agreement.
Construction is already underway on the New York project, which is expected to reach commercial operation this summer. The system will enable solar energy generated at the three sites to be injected into the grid during peak demand times, helping to reduce the state’s reliance on fossil fuels. As with other such projects in the state so far, the la
Oversubscribed Financing to Build World’s First High-Density DNA-Based Memory ChipSAN DIEGO, March 16, 2021 (GLOBE NEWSWIRE) Iridia™, Inc., a pioneer in fully integrated DNA-based memory chips, today announced that it has closed its Series B financing at a total of $24 million. The round, led by LifeSci Venture Partners of New York, was substantially oversubscribed, with other prominent participants including Western Digital Capital, JSR Corporation, North Sound Ventures, the Pritzker Vlock Family Office (PVFO), Longley Capital, Validus Growth Investors, ATEM Capital, Tech Coast Angels, and numerous industry-leading high net-worth individuals. Iridia’s disruptive technology is designed to integrate the writing, storage, and read back of massive amounts of data in a microchip format using synthetic DNA as the storage media. This combination of functionality will significantly increase data density and durability compared to conventional approaches, while dramatica
Published: 15 Mar 2021, 10:50
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Maroš Šefčovič (left), has long championed the European battery sector. Image: Maroš Šefčovič via LinkedIn.
Europe is on course to become the world’s second-largest lithium-ion battery cell producing region by 2025, although some key challenges need to be addressed, a European Commission vice-president has said.
Following a high-level ministerial meeting of the European Battery Alliance (EBA) the continent’s multinational drive to support a massive domestic production base and supply chain Maroš Šefčovič, the EC’s vice president for inter institutional relations and foresight, said that almost 70 industrial projects are being supported by the Alliance, expected to create as many as four million jobs by 2025.
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