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Follow Us We are first in your inbox with the most important news in the industry―keeping you smarter and one-step ahead in this ever-changing and competitive market.Start your free subscription Road to Success Paved with Innovative Projects Wärtsilä Energy, known for its experience in energy storage, and Pivot Power working on ambitious decarbonization projects have teamed on a multi-application way to serve the future of transportation in the UK, while supporting the country’s net-zero emissions goal. Governments across the globe are pushing industries to decarbonize, as part of a plan for major reductions in greenhouse gas (GHG) emissions in the fight against climate change. The UK has a goal for net-zero GHG emissions by 2050. As in other countries, the target has spurred innovation in the power generation sector, with researchers and engineers working to find ways to produce cleaner electricity without sacrificing reliability and resiliency all whil ....
Follow Us We are first in your inbox with the most important news in the industry―keeping you smarter and one-step ahead in this ever-changing and competitive market.Start your free subscription POWER Digest [July 2021] GE Will Supply Finnish Wind Farm. General Electric (GE) in late May said it will deliver 16 Cypress onshore wind turbines for the 88-MW Puskakorpi wind farm in Finland. Each 5.6-MW-158 turbine will be installed under a 30-year full-service agreement. The project was co-developed by Finland’s Smart Windpower Oy, Mincovest Oy, and GE Renewable Energy. GE Energy Financial Services (EFS) also was a partner in the project, raising the long-term project finance debt. GE EFS also was responsible for sourcing an investor for the project, which was acquired by Foresight Energy Infrastructure Partners, a Luxembourg Special Limited Partnership for which Foresight Group LLP acts as portfolio manager. Societe Generale, a leading bank in the field of renewab ....
Published: 1 Jun 2021, 14:12 By: One of the two grid-scale projects commissioned in May. Image: Wärtsilä. Power and energy systems technology group Wärtsilä has completed work on two large-scale battery energy storage system (BESS) projects in the Philippines. Comprising a 20MW / 20MWh system at a renewable power hub in Toledo and a 40MW / 40MWh at what is thought to be a combined cycle gas turbine power plant in Bataan, commissioning on each was achieved during May, Wärtsilä said in a press release sent to Energy-Storage.news today. Its customer is Universal Power Solutions, a subsidiary of vertically-integrated Filippino power company SMC Global Power. Wärtsilä had revealed last year that it received a 100MW / 100MWh order from a customer in Southeast Asia, but at that time did not disclose the customer’s name or the country where it is located, but said today that this referred to Universal Power Solutions and further projects are ....
Advertisement Grid software acts as a modern-day map, helping to chart and navigate today’s energy grids; software engineers are tasked with carefully delineating how each region’s energy markets operate. However, looking more closely at energy markets makes clear how unique each market is – each defined by different topography, resources, and histories. The UK proves to be one of the most complex markets. Its design presents both an island story and an energy trading story and underscores the value of locational energy, contracted revenues, energy trading and energy arbitrage. With a population of 67 million, the UK generated 26% of its electricity in 2019 from solar and wind. This is compared with the global average of 9% of electricity generated from solar and wind. The UK is crossing impressive renewable thresholds and aims to continue with a goal to get to net-zero emissions by 2050 as part of its green industrial revolution plan. These clean energy accomplishme ....