Press release content from Business Wire. The AP news staff was not involved in its creation.
El Paso Electric, Mitsubishi Power Americas Work to Help Decarbonize Region with New Gas Turbine
January 19, 2021 GMT
El Paso Electric selected Mitsubishi Power’s Smart M501GAC enhanced-response gas turbine to help enable cleaner and more sustainable power generation. The gas turbine complements renewable energy sources with rapid response to variability and offers hydrogen capability for future deep decarbonization. (Rendering Courtesy Mitsubishi Power)
El Paso Electric selected Mitsubishi Power’s Smart M501GAC enhanced-response gas turbine to help enable cleaner and more sustainable power generation. The gas turbine complements renewable energy sources with rapid response to variability and offers hydrogen capability for future deep decarbonization. (Rendering Courtesy Mitsubishi Power)
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
EDP Renewables Acquires Majority Interest in C2 Omega, Diversifies Renewable Energy Leadership .
EDP RenewablesJanuary 19, 2021 GMT
Houston, TX, Jan. 19, 2021 (GLOBE NEWSWIRE) EDPR Renewables North America LLC (EDPR NA) announces the acquisition of a majority interest in C2 Omega LLC, the distributed solar platform of C2 Energy Capital LLC (“C2”). The new company, EDPR NA Distributed Generation LLC (EDPR NA DG), will be the exclusive provider of small-scale downstream generation and energy efficiency services in the United States for EDPR NA.
With approximately 200 projects across 16 states, this acquisition will establish EDPR NA’s presence in the downstream solar energy market as an owner-operator of one of the largest commercial and industrial distributed generation portfolios in the U.S. EDPR will acquire an 85% equity stake in C2’s solar portfolio that includes 89 MW of o
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Wind Turbine Bearings Industry (2020 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com
January 19, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 19, 2021
The publisher brings years of research experience to the 8th edition of this report. The 179-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
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Global Wind Turbine Bearings Market to Reach $11 Billion by 2027
Amid the COVID-19 crisis, the global market for Wind Turbine Bearings estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$11 Billion by 2027, growing at a CAGR of 11.7% over the period 2020-2027.
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The solid-state transformer market size is expected to grow from USD 100 million in 2024 to USD 241 million by 2030; it is expected to grow at a CAGR of 15.8% from 2024 to 2030.
The key factors driving the growth of the solid-state transformer market are growing alternative energy sector, and increasing investments in smart grids and energy systems.
Market for HV/MV to account for larger market share during forecast period.
The HV/MV segment is expected to continue to hold a larger market size during the forecast period. The growth of the HV/MV segment of the solid-state transformer market can be attributed to the increased adoption of these transformers in renewable power generation applications. The outbreak and the spread of the COVID-19 have also impacted the growth of the solid-state transformer market globally. It is expected to witness a forward push from 2024 onward.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Hawaii PUC Approves Swell Energy’s Grid Services Contract with Hawaiian Electric
January 18, 2021 GMT
LOS ANGELES (BUSINESS WIRE) Jan 18, 2021
Swell Energy, Inc. today announced that the Hawaii Public Utilities Commission (PUC) has approved its $25 million contract with Hawaiian Electric for the delivery of various grid services through an aggregated “virtual power plant” (VPP) on three islands. Swell Energy, a California-based energy and smart grid solutions provider, will deploy behind-the-meter solar-powered home batteries to approximately 6,000 residential customers to create a comprehensive VPP on Oahu, Maui and Hawaii islands.