Masdar, the UAE’s clean energy powerhouse, has announced its proposed acquisition of Saeta Yield, a leading renewable energy company in Spain and Portugal, from Brookfield Renewable for an implied enterprise value of approximately US$1.4 billion. This strategic move strengthens Masdar’s presence in the Iberian Peninsula and positions it for continued growth in one of Europe’s largest renewable energy markets.
H2B2 USA LLC and 2G Energy, Inc. have been recognized for their innovative SoHyCal project, a groundbreaking initiative in renewable hydrogen production in California, earning the prestigious 2024 CHP Project of the Year Award from the Combined Heat and Power Alliance. This project showcases a successful collaboration for sustainable energy solutions and a commitment to a cleaner future.
Mon Power and Potomac Edison are repurposing a former ash landfill in Berkeley County, West Virginia, into a solar energy facility, demonstrating their commitment to renewable energy and economic development in the state. The Marlowe solar project is expected to generate 5.75 megawatts of clean power, contributing to West Virginia’s growing renewable energy sector.
The global electrodeposited copper foils market is projected to reach US$ 22.2 Bn by 2031, driven by the increasing demand from various industries, such as electronics, electric vehicles, and renewable energy. The report by Transparency Market Research highlights the key factors driving this growth, including advancements in manufacturing techniques and the rise of 5G technology.
DENSO, a leading mobility supplier, has partnered with DTE Energy to enroll in the MIGreenPower program, committing to 100% renewable electricity for its Belleville Logistics Center and a facility at its North American headquarters. This move aligns with DENSO’s commitment to achieving carbon neutrality by 2035 and supports the growth of renewable energy in Michigan.
Chesapeake Utilities Corporation has released its 2023 Environmental Stewardship Report, highlighting significant strides in reducing emissions and promoting sustainability across its operations. The report demonstrates the company’s commitment to a greener future, with notable achievements including a 25% reduction in Scope 1 and Scope 2 emissions since 2019 and a 10% year-over-year reduction.
David Energy, a gridtech company focused on clean energy solutions, has raised $23 million in funding led by Cathay Innovation. This investment will allow the company to expand its residential and commercial businesses across the Northeast and Texas, bringing affordable and reliable clean energy to a wider audience.
GenCell Energy, a leading provider of hydrogen-to-power solutions, has secured a significant order from Comisión Federal de Electricidad (CFE), Mexico’s state-owned utility, for the deployment of dozens of GenCell REX™ backup power units. This order, valued at US$4.4 million, signifies a continued vote of confidence in GenCell’s technology and its ability to provide resilient and clean energy solutions.
GenCell Energy, a leading provider of hydrogen-to-power solutions, has secured a major contract from Comisión Federal de Electricidad (CFE), Mexico’s state-owned utility, for the deployment of dozens of GenCell REX backup power units. This order follows previous contracts and strengthens GenCell’s position as a key player in Mexico’s clean energy transition.
SolarBank Corporation is developing a 5.4 MW community solar project in Broome County, New York, aimed at providing clean energy to over 640 homes. The project will utilize agrivoltaics, integrating sheep grazing to improve soil health and provide a new income stream for local farmers. The project is eligible for incentives under the New York State Energy Research and Development Authority’s NY-Sun Program, further demonstrating SolarBank’s commitment to clean and affordable energy.
