Results for: Renewable Energy

Arctech, a leading solar tracking and racking solutions provider, has achieved a remarkable 131% growth in 2024, surpassing other top solar tracker suppliers. The company’s success is attributed to its strategic globalization and localization efforts, including establishing manufacturing bases in India and the Middle East. Arctech holds the top position in India with a 45% market share and a substantial 21% share in the Middle East, alongside maintaining its dominance in the APAC region. Arctech’s signature tracking systems adapt well to diverse environments, further contributing to its success. Looking ahead, Arctech projects even better performance in 2024, backed by a strong order backlog and commitment to ESG practices.

The global grid connected PV systems market is projected to experience substantial growth, reaching USD 151.1 billion by 2028. Driven by the advantages of grid-connected PV systems and the increasing adoption of microgrids, the market is expected to grow at a CAGR of 12.13% during the forecast period. However, challenges associated with the intermittent nature of solar power generation remain.

Hudson Sustainable Group (HSG) has announced the sale of its solar PV portfolio in Japan to Solar Schumann, demonstrating its expertise in assembling high-quality renewable energy assets and commitment to advancing sustainable energy initiatives. This transaction marks HSG’s second successful exit in Japan, allowing them to further expand their capital-light renewable energy company, Horizon Energy KK.

BluPine Energy, a leading renewable energy services company, has secured Rs 239 crore in financial assistance from Tata Capital for a 75-megawatt solar power project in Chhattisgarh. The project is expected to generate nearly 117 million units of energy annually and offset over 107,000 tonnes of CO2 emissions. BluPine Energy is led by Neerav Nanavaty, who has over two decades of experience in the energy sector and is passionate about driving the energy transition in India.

The global steam turbine market is projected to experience significant growth from 2024 to 2028, driven by the increasing demand for power generation and a growing focus on renewable energy sources. However, challenges like maintenance needs and emission standards will influence the market’s trajectory.

The global high temperature superconducting wires market is poised for substantial growth, driven by increasing demand in various sectors. Technavio predicts a market size of USD 307.8 million by 2028, with a compound annual growth rate (CAGR) of 10.09%. Key factors driving this growth include the rising adoption of high temperature superconducting wires in medical applications and the growing use of renewable energy sources.

PeroNova, a U.S.-based climate technology company, announces its entry into the renewable energy market with its pioneering perovskite technology. Perovskite offers a promising alternative to traditional silicon-based solar cells and holds potential for revolutionizing solar energy, space technology, and the supply chain for perovskite production. The company has achieved significant enhancements in the stability and reliability of perovskite films, crucial for commercial viability. PeroNova is launching pilot programs with space tech companies and real estate developers, aiming for large-scale implementation of building-integrated photovoltaics (BIPV) and agrivoltaics across the U.S.

Nexus Development Capital (NDC) has announced a $9 million investment in Castlerock Biofuels LLC, a joint venture developing renewable fuel oil production facilities. The investment will support the development of the flagship project in Maine, which will produce 20 million gallons of RFO® renewable fuel oil annually using Ensyn’s proprietary RTP® technology. This investment marks a significant step towards a more sustainable energy landscape.

Antaisolar has solidified its position as a leading global solar tracker provider, achieving top rankings in various key markets worldwide. The company’s commitment to innovation, comprehensive solutions, and localized support drives its success in a competitive industry.

XCMG and ENNEAGON, a joint venture between Xuzhou Construction Machinery Group (XCMG Group) and ENNEAGON Energy, has unveiled its first set of comprehensive battery swapping stations. These stations are designed to accelerate the adoption of renewable energy in utility vehicles and promote sustainable transportation solutions. The innovative design features quick swapping times and a high-level of automation for increased efficiency.