After years in stealth mode, Google’s parent company Alphabet X has spun out Dandelion, a company that provides geothermal heating and cooling technology to homeowners at affordable costs. The company said it raised $2M in seed funding — led by Collaborative Fund and including ZhenFund and Borealis Ventures — to start sales and operations.
Geothermal heating and cooling technology uses the constant 40Â° to 50Â°F temperature of the earth to heat and cool homes and buildings. Systems use pipes that are buried in the earth below the frost line coupled with heat exchange systems (heat pumps) to circulate warm or cool fluid throughout a building, heating or cooling it, depending on the ambient temperature. The biggest obstacle to their installation to date has been the up-front cost, which can run as high as $50,000 or even more.
TenneT, the transmission system operator for the Netherlands, has signed a grid connection agreement with DONG Energy for the Borssele 1 & 2 offshore wind farms.
Elon Musk’s Tesla Inc. has won a tender to supply what the billionaire says is the world’s largest lithium-ion battery to back up the state of South Australia’s blackout-plagued power grid, making good on a promise first made over Twitter four months ago to help solve the state’s energy woes.
Scottish tidal energy company Nova Innovation is to head a consortium of nine leading industrial, academic and research organisations in a major new European project.
BlackRock Inc. exceeded a $1 billion fundraising target for wind and solar investments for its latest global clean energy fund, underscoring investor interest in renewable energy amid policy uncertainty in key markets.
French utility EDF Energies Nouvelles today said that its Reetec subsidiary acquired the German company Offshore Wind Solutions GmbH (OWS), which specializes in offshore wind operations and maintenance (O&M).
The little U.S. town of Sterling, Massachusetts is getting a lot of attention these days. Not only has the Sterling Municipal Light Department (SMLD) been winning awards for its new solar+storage microgrid, the town is also getting visitors from Germany, Japan, Norway and many other countries who want to check it out.
Earlier this year, Malini Giridhar, vice president of market development and public and government affairs, Enbridge Gas Distribution, spoke at the Ontario Geothermal Association’s Annual Conference. Malini shared her insights of just how Enbridge might work to bolster geothermal heat pump (GHP) growth in Ontario.
Swedish utility Vattenfall this week said it has split its wind business into three units comprising offshore, onshore and solar+storage services.
The Massachusetts Department of Energy Resources (DOER) last week established a 200-MWh energy storage target for the state to be achieved by 2020.
Three Massachusetts utilities last week issued a request for proposals (RFP) for long-term contracts for offshore wind generation and associated renewable energy credits totaling 400 MW.
On Monday, Scotland-based Aggreko announced that it would be acquiring Germany-based energy storage company Younicos for Â£40m.
Younicos delivers modular and scalable smart energy storage and has over 200 MW of installed storage systems, with a strong pipeline across both developed and emerging markets. The Younicos CEO, Stephen Prince, will report directly to Chris Weston, Aggreko Chief Executive. For the calendar year 2016, Younicos had revenues of Â£7m and made an operating loss of Â£15m; gross assets at 31 December 2016 were Â£20m. Aggreko expects it to be loss making in the short term and therefore earnings dilutive. The investment will be made in cash.
Chris Weston, Aggreko Chief Executive, said: “As energy markets continue to decarbonize, decentralize and become more digital, the integration and control of multiple energy sources, including thermal and renewable, will be essential to ensure the provision of reliable power.
“As a pioneer of smart energy solutions based on battery storage, Younicos is at the forefront of this trend. Together we are a powerful combination; our scale, fleet and global presence, coupled with a smart energy capability, will allow us to open up new markets and provide our customers around the world with a reliable, cheaper and cleaner source of energy.”
In late June, solar energy stakeholders in New Hampshire rejoiced when the public utilities commission (PUC) released new order effectively removing the solar net-metering cap in the state.
The new order allows all customers with systems of <100kW to receive a monthly excess export bill credit up to 100 percent of the energy and transmission costs and 25 percent of the distribution services. Customers will still be required to pay non-bypassable charges such as the system benefits charge, stranded cost recovery charge and the state electricity consumption tax on the full amount of their electricity imports for the grid. New customers with solar or small hydro will receive new meters that will measure both total imports and total exports.
Ideal Power has teamed up with Azimuth Energy and Wright Architects to retrofit a building in rural New York with a solar-plus-storage microgrid for backup power during grid outages.
The China National Renewable Energy Center recently approved and issued the nation’s first lot of green power trading certificates to 20 renewable energy projects as a part of the country’s upgraded policies as concerns renewable energy generation, green certificates, and the green certificate trading scheme.
Researchers have developed a solar paint that can absorb water vapour and split it to generate hydrogen — the cleanest source of energy.
Chancellor Angela Merkel’s coalition is widening access to the solar power market for people who rent their homes in a move to boost green power’s expansion in an election year.
On Wednesday, June 28, Zentech Inc. and Renewables Resources International (RRI) announced their intention to deliver the first Jones-Act-compliant, four legged, self-propelled dynamically-positioned level 2 (DP2) jack-up vessel to the emerging U.S. offshore wind industry.
The vessel will be based on a US-built barge. Zentech plans to install four truss legs with spud cans, a proven oil and gas design, and integrate them into a newly built hull.
A new biomass plant under construction in Georgia highlights the challenging economics of the technology, even in a state so rich in forestry waste it exports it to other countries.
The world’s biggest offshore wind developer said construction delays on key electricity cables that will take North Sea wind power to Germany’s industrial heartland risk undermining the confidence of investors in new projects.