Office of Energy Efficiency and Renewable Energy | U.S. Department of Energy’s Post

Westbridge #RenewableEnergy is developing five new battery #energystorage system projects in Alberta, totaling 539 MWh, strengthening Canadian energy infrastructure and supporting the transition to renewable energy. L’article Canada Hosts 539 MWh of Energy Storage by Westbridge est apparu en premier sur energynews.

Since the Queensland government in Australia released its landmark $62 billion Queensland Energy and Jobs Plan, the company that operates the region’s primary electricity network has sped up its transformation to help reach the ambitious target of using 70% renewable energy by 2032. The centerpiece of the Queensland Energy and Jobs Plan is a SuperGrid that will be designed to bring all elements of the electricity system together to deliver 50% renewable energy by 2030, 70% by 2032, and 80% by 2035. Advancing from the company’s roots as a traditional electricity transmission operator, Powerlink is digitalizing to exchange data with partners along what’s morphed into a fast-growing energy value chain. https://lnkd.in/gnaNjjJT

How can we advance renewable energy systems for a net zero future? According to Alex Campbell, Long Duration Energy Storage (LDES) holds the key. Recently we spoke with the Director of Policy and Partnerships at the Long Duration Energy Storage Council (LDES Council) — and keynote speaker of our recent Insights Forum. Informed by his policy background, Campbell champions the importance of LDES technology in the clean energy transition. As reliance on variable renewable generation like wind and solar increases, the need for storage also increases. Current forecasts from CSIRO and the Australian Energy Market Operator (AEMO) indicate that up to 95% of the National Energy Market will need to come from variable renewable energy to meet our emission reduction targets. Campbell believes LDES can offer a solution through extended periods of continuous energy discharge when there’s no wind or sunshine. Read the full interview: https://lnkd.in/eEeTPCx5 #ARENAInsights #LongDurationEnergyStorage #RenewableEnergy #NetZero

The energy transition gains momentum as Innergex achieves a significant milestone. The renewable energy developer has successfully secured a $100 million loan for its cutting-edge energy storage project in Hawaii. This project will integrate advanced storage solutions, ensuring grid reliability while maximizing renewable energy use. Hawaii's ambitious goals for sustainability and clean power are well-known, and this storage initiative aligns perfectly with those efforts. By addressing challenges related to renewable energy intermittency, the project highlights the growing importance of energy storage in enabling a carbon-neutral future. Innergex’s investment reflects a broader trend in the global energy sector where innovative financing is mobilized to support clean energy technologies. Projects like these not only contribute to environmental goals but also offer economic opportunities by accelerating renewable deployment and strengthening local grid systems. Let’s continue driving change through collaboration, technology, and investment in renewable energy. The journey to a sustainable future involves us all. What are your thoughts on advancements in energy storage and their role in achieving decarbonization goals? Let’s discuss!

💫 Contracts have been executed for 23 large-scale land-based renewable energy projects that will provide more than 2.3 gigawatts of clean energy, enough to power more than 700,000 homes throughout New York State. The projects, announced by Governor Kathy Hochul, are expected to create more than 2,500 near-term, family-sustaining jobs and generate more than $4.7 billion in private investment while reinforcing the State’s commitment to the development of clean energy, grid resiliency, and economic development. The contracted awards are the result NYSERDA’s 2023 Tier 1 Renewable Energy Standard solicitation. https://lnkd.in/eQ2DGKwP

Queensland is on track to smash its 2030 renewable energy generation target ⚡️ New data reveals our state’s renewable generation has already increased by 300% since Labor took office. I’m proud as the Minister for Energy and Clean Economy Jobs to work with the energy industry as we push toward renewable generation delivering cheaper power bills and cleaner, more sustainable electricity across the state. The states’ impressive trajectory, detailed in the first Annual Progress Statement of the independent Queensland Energy System Advisory Board (QESAB), shows Queensland is on track to achieve about 60% renewable generation by 2030 – exceeding the original target by around 10%. The Miles government legislated Queensland’s renewable energy targets and the pathway to achieving them, yet David Crisafulli and the LNP voted against legislating Queensland’s renewable energy targets, and continue to reject a renewable future. Only a Miles Labor Government will deliver a 75% reduction in emissions by 2035 and a cleaner energy future. 

  In a report released today, August 29, by the International Renewable Energy Agency (IRENA), the world was given further proof of what civil society has been announcing for years: renewable energy is the way to reduce spending on electricity generation and mitigate the effects of the climate emergency. The IRENA document is called “Renewable energy generation costs in 2022”. It provided data proving that approximately 86% of all newly commissioned renewable capacity for the year – around 187 gigawatts – had lower costs than electricity produced by fossil fuels. The report revealed that the global energy sector has saved 520 billion dollars in fuel costs thanks to renewable energy.

Arizona Public Service (APS) has secured a $1.81 billion loan guarantee from the U.S. Department of Energy to invest in critical transmission upgrades, energy storage systems, and renewable generation projects. This funding will support the expansion of Agave BESS, a major 150 MW storage project, and contribute to APS's goal of 100% clean, carbon-free electricity by 2050. Learn more about APS’s plans to enhance grid resilience and reduce emissions: https://lnkd.in/da789n46 #EnergyStorage #RenewableEnergy #GridResilience #PowerSysrems

In 2023, the world witnessed a record growth in renewable energy capacity, marking a significant milestone in the global transition towards sustainable energy. According to the International Renewable Energy Agency (IRENA), renewable energy capacity increased by over 260 gigawatts (GW) in 2023, the highest annual increase ever recorded. This surge was driven primarily by substantial investments in solar and wind power, which together accounted for 90% of the new capacity.

Learn how the largest multi-asset, multi-site green energy contract in Australia is supplying two major infrastructure investors with lower cost renewable energy in our latest Green Files article. We talk to IFM Infrastructure Global Head of Asset Management Danny Elia about how the Australian Infrastructure Renewable Energy Program between IFM and QIC is delivering 500 GWh of renewable electricity each year through a three-stage $700 million power purchase agreement that involves synchronising multiple energy projects. The contract is expected to save about $200 million in power costs over eight years and it is helping get more renewable energy generation built sooner. https://lnkd.in/g6BEdCqB IFM Investors #netzero #sustainability