Big Moves
Rosatom to build a 3 GWh lithium-ion battery manufacturing facility in Kaliningrad, Russia
The Rosatom State Nuclear Energy has announced its plans to build a 3 GW lithium-ion battery manufacturing facility in the Russian province of Kaliningrad. The province is located between Poland and Lithuania along the Baltic coast. The lithium-ion batteries with be based on a technology developed by Enertech International, a South Korean developer. In March 2021, Rosatom acquired a 49 per cent stake in the company.
News
EnerVenue raises $100 million for its metal-hydrogen batteries
EnerVenue, a US-based renewable storage battery manufacturer, has secured $100 million in Series A investment round headed by Schlumberger New Energy. The funding will be used to build a gigafactory in the US, improve research and development, and boost sales. Saudi Aramco Energy Ventures and other investors participated in the financing round.
Interviews
Need to set up many large-scale hydrogen projects: ICE’s Alicia Eastman
When we started ICE, we were very focused on having inexpensive wind and solar power facilities mostly located in deserts next to the ocean. As a result, locations with high solar irradiation and wind speeds were chosen. These include regions in North Africa, South America, Australia, and the Middle East. This would ensure that the projects in these regions would have the highest capacity utilisation factors as well as the lowest cost of energy.
Opinion & Perspective
How AI’s full power can accelerate the fight against climate change
AI has the potential to become the ‘Swiss Army knife’ in our fight against climate change. AI can measure and reduce emissions at scale for any given institution; enable innovative business models to help the climate; improve resilience of societies to climate hazards. It is down to global business leaders to effectively leverage AI’s strengths and utilise them to tackle the most complex challenges obstructing the reduction of emissions at scale.
Mega Trends & Analysis
Electric Buses in the Middle East and Africa: Sustainability concerns leading to uptake of clean buses
There is growing interest in the MENA region in the adoption of clean fuels for public transport fleets. Some countries like Qatar, the United Arab Emirates (UAE), and Egypt have made clear commitments towards this goal and taken steps towards electrifying their transport sectors.
Policy Watch
House Proposes Strong Clean Electricity Performance Program
The ambitious Clean Electricity Performance Program (CEPP) will drive investment that reduces emissions, creates jobs and grows the economy. The Congress and the President now need to ensure it remains strong through final passage to deliver a transformed power sector. The Clean Electricity Performance Program is designed to help support and accelerate this broad shift, by making a $150 billion public investment over the coming decade in power companies that meet annual targets for expanding clean electricity.
Tech Talk
Larger Designs: Global market trends in the wind rotor and blade market
The market for wind turbine rotors and blades is expected to grow with the greater uptake of both onshore and offshore wind projects. The falling cost of wind power, coupled with favourable government policies and incentives, is expected to further drive market growth. However, manufacturing and transportation constraints, and a further decline in solar power prices are expected to be the key hurdles in the demand growth of blades and rotors.
Webinars & Videos
RENdez-vous Southeast Asia: RE-Imagining Renewable Energy Futures for Southeast Asia
Southeast Asia has huge, untapped potential to be a leader in renewable energy. Currently, however, economies in the region are heavily dependent on fossil fuels to meet their energy demand. This was the second of a 3-part series of RENdez-vous for Southeast Asia by REN21. Participants and thematic experts discussed and re-imagined what futures may look like for renewable energy in Southeast Asia.
Knowledge Centre
The Case for Fuel Cell Technology in the UK
A new report “Fuel cells: The forgotten force in the fight against climate change” by the UK Hydrogen and Fuel Cell Association (UK HFCA) highlights the role that fuel cell technology can play in delivering the UK Government’s clean growth ambitions. Labeling them a “forgotten force”, the paper details how fuel cells can help deliver the Prime Minister’s 10-point plan for a green industrial revolution and outlines the opportunity that exists for the UK to lead the world in the development of fuel cell technology.
Finance
ADB’s Green and Blue Bonds Framework
The green and blue bond program enables the Asian Development Bank (ADB) to support its developing member countries seeking to deliver environmentally sustainable growth to help reduce poverty and improve the quality of life of their people. Both green bonds and blue bonds would include investments such as construction of new assets, as well as maintenance, enhancement, improvement or repair of existing assets. Green bond- and blue bond-eligible projects would exclude lending to financial intermediaries.
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