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kedglobal.com

LG Energy to secure $1.36 bn to raise US battery output

LG Energy Solution Ltd. is set to secure $1.36 billion to expand US battery output capacity, joining the fundraising race among South Korean battery makers to increase overseas production bases. LG Energy’s US unit decided on a rights offering of 788.1 billion won ($681 million), its parent LG Chem Ltd....
ENERGY INDUSTRY
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datadriveninvestor.com

Tesla’s Long-Term Intrigue Doesn’t Come from EVs

In the early 2000s, Tesla took a risk: it wanted to make an electric vehicle. Unlike previous projects by other automakers, Tesla wanted to make an electric car that was fast, cool, and more sustainable than its gasoline-powered counterparts. The company succeeded… massively. It is the most valuable car company...
BUSINESS
Picture for Tesla’s Long-Term Intrigue Doesn’t Come from EVs
kedglobal.com

SK On seeks $2.5 bn in new funding for battery plants

SK On Co., one of South Korea's top three rechargeable battery makers, plans to raise around 3 trillion won ($2.5 billion) in a pre-IPO share sale next year to fund ita massive investment plans for overseas plants. The new funding, if completed, will set a record for the largest-ever fundraising...
ENERGY INDUSTRY
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TRENDING TOPICS
thewestonforum.com

Moroccan electricity for Great Britain – ingenieur.de

The two states are connected to each other by submarine cables using high voltage direct current transmission. The British will cover eight percent of their electricity needs in the future. In a few years, the UK will get about 8% of its electricity from Morocco. In the state of Guelmim-Oued...
ENERGY INDUSTRY
gastopowerjournal.com

Investors flock to Europe’s distributed solar and energy storage market

With over 124 GW of coal, gas and nuclear capacity to be displaced in Europe by 2030, investment in new solar combined with energy storage is set to surge. The rising diversification of asset ownership in distributed energy storage could unlock a 40-GWh market, with some analysts anticipating 12x market growth in this decade.
ENERGY INDUSTRY
renewablesnow.com

Sweden's Rabbalshede Kraft 9-mo net loss deepens

November 24 (Renewables Now) - Swedish wind power company Rabbalshede Kraft AB booked a consolidated net loss of SEK 96 million (USD10.7m/EUR 9.5m) for the first three quarters of 2021, against a deficit of SEK 45.4 million a year earlier. For the third quarter of 2021 alone, the company said...
FINANCIAL REPORTS
renewablesnow.com

Grenergy's net profit growth slows in 9-mo 2021, revenue up 82%

November 24 (Renewables Now) - Spanish renewables company Grenergy Renovables SL (BME:GRE) grew revenues by 82% year-on-year to EUR 150.4 million (USD 168.6m) in nine months through September 2021, while net profit stalled on higher depreciation expenses due to more power plants added to own portfolio. The nine-month net profit...
FINANCIAL REPORTS
theenergyst.com

Grid-scale power storage as long as 24 hours “will reach up to 2.5 GWh globally by 2040”, LDES group predicts

Grid-scale power storage capacity ranging between two and 24 hours in duration will need to rocket up 400 times on current deployments, reaching between 1.5 and 2.5 GWh worldwide by 2040, if the Paris climate accord’s 1.5 degree temperature target is to be met, a CEO-led body set up to foster carbon-stripping batteries predicts.
ENERGY INDUSTRY
seenews.com

Albania's power output rises in Q3

TIRANA (Albania), November 24 (SeeNews) - Albania's electricity production increased to 2,371 GWh in the third quarter of 2021 from 1,280 GWh a year earlier, the country's statistical office said on Wednesday. Albania's power exports jumped to 323 GWh from 139 GWh in the July-September period of 2020, whereas imports...
ENERGY INDUSTRY
bunkerspot.com

EUROPE: National Grid and Siemens develop decarbonisation tool for UK ports

National Grid Electricity Transmission (NGET) and Siemens, with input from the British Ports Association, have created a free online tool that will help UK ports forecast the future infrastructure required to meet potential increased demand for electricity from zero emission port operations. It is estimated that between now and around...
WORLD
seenews.com

Bulgaria's YTD power output grows 15.8%, consumption up 4.6%

SOFIA (Bulgaria), November 23 (SeeNews) - Bulgaria’s electricity production rose by 15.8% year-on-year to 41,293 GWh in the January 1 - November 21 period, data by the country's Electricity System Operator (ESO) showed. Domestic power consumption went up by an annual 4.6% in the period under review, reaching 33,984 GWh,...
ENERGY INDUSTRY
wiltshirelive.co.uk

Donations to heroic Swindon surgeon's family doubles to £160K

A Go Fund Me pot for the family of a heroic Swindon surgeon who has just died from Covid after spending two years on the pandemic frontlines has doubled to £160K in just three days. On Friday (November 19), WiltshireLive reported on the devastating loss of Dr Irfan Halim, a...
CHARITIES
timesnewsexpress.com

PJSC RusHydro: RusHydro Group announces 9M 2021 IFRS results

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. RusHydro Group announces 9M 2021 IFRS results. November 25, 2021. Moscow, Russia. RusHydro Group (hereinafter referred to as the...
FINANCIAL REPORTS
marketscreener.com

Pacifico Renewables Yield AG closes landmark acquisition of 51.8 MW onshore wind project in Poland and increases guidance

DGAP-News: Pacifico Renewables Yield AG / Key word(s): Acquisition/Expansion. Pacifico Renewables Yield AG closes landmark acquisition of 51.8 MW onshore wind project in Poland and increases guidance. 25.11.2021 / 07:30. The issuer is solely responsible for the content of this announcement. Pacifico Renewables Yield AG closes landmark acquisition of 51.8...
ENERGY INDUSTRY
renewablesnow.com

Blueleaf to install 29 MWp of solar under PPA with Holcim Philippines

November 22 (Renewables Now) - Blueleaf Energy will install 29 MWp of solar power capacity to supply renewable electricity for two cement plants of Holcim Philippines (PSE:HLCM). Under a 20-year power purchase agreement (PPA), Blueleaf Energy will fund, build, operate and maintain the solar parks at Holcim Philippines' plants in...
ENERGY INDUSTRY
renewablesnow.com

Croatia's net electricity output down 13% in Sept - table

ZAGREB (Croatia), November 22 (SeeNews) - Croatia's net electricity production fell to 846 GWh in September, compared with 974 GWh in the same month of 2020, the country's statistical office said. Electricity production in September was lower than August's output of 1,000 GWh, the country's statistical office said on Friday.
ENERGY INDUSTRY
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