HiTHIUM has introduced its new 6.25MWh Energy Storage System (BESS) designed for long-duration energy storage applications. The system, launched at RE+ 2024, is tailored for the North American market and aims to address California’s growing demand for renewable energy storage. Key features include superior safety, ultra-high value, compatibility, easy maintenance, and eco-friendliness.
Gevo, Inc. (GEVO) announced the acquisition of Red Trail Energy’s ethanol production plant and carbon capture and sequestration (CCS) assets for $210 million, boosting its sustainable aviation fuel (SAF) production capabilities and accelerating its net-zero goals. The acquisition brings immediate financial benefits and positions Gevo for future growth in the renewable energy sector.
Bechtel will lead the design and construction of Sunfish Solar 2, a major solar energy project in Michigan that will contribute to the state’s renewable energy goals and create hundreds of jobs. The project, developed by Hecate Energy, will generate enough clean energy to power nearly 184,000 homes and significantly reduce reliance on fossil fuels.
Desay Battery, a leading global provider of comprehensive energy storage solutions, showcased its latest innovations at RE+ 2024, North America’s largest clean energy event. The company highlighted its commitment to advancing the transition to green energy by offering reliable and efficient energy storage solutions.
The U.S. residential solar market is predicted to see a significant rebound, boosted by Vice President Kamala Harris’ strong odds in the 2024 presidential election and the Biden administration’s clean energy initiatives. Industry leaders expect double-digit growth by 2025, fueled by stable utility pricing, lower interest rates, and tax credits. While Europe faces challenges, key solar players like Enphase, SolarEdge, and Sunrun are optimistic about the U.S. market’s recovery.
The global Perovskite Solar Cell Market is poised for explosive growth, projected to reach USD 4.39 Billion by 2031, driven by a remarkable Compound Annual Growth Rate (CAGR) of 56.8%. This next-generation solar technology promises to rival traditional silicon panels, offering superior efficiency and affordability.
The global ocean power market is poised for substantial growth, with projections indicating a surge from USD 1.14 billion in 2024 to USD 3.98 billion by 2031, fueled by a rising demand for renewable energy sources. This growth is driven by the increasing awareness of climate change and the global push for environmentally sustainable solutions, leading to a shift away from fossil fuels.
Vistra and Sunrun have joined forces to create a virtual power plant in Texas, leveraging the power of residential solar-connected batteries to enhance grid reliability. This program allows homeowners with Sunrun solar panels and batteries to earn financial incentives while supporting the power grid during peak demand.
Researchers from the Gwangju Institute of Science and Technology (GIST) have developed a novel defect passivation strategy using hexagonal polytype (6H) perovskite to significantly improve the power conversion efficiency and operational stability of perovskite solar cells. This breakthrough holds immense promise for the future of renewable energy, paving the way for more efficient and reliable solar power solutions.
PointGuard Energy, a sub-brand of Sigenergy, showcased its advanced energy storage solutions at RE+ 2024, the largest solar event in the U.S. The company’s flagship product, PointGuard Home, is a revolutionary 5-in-1 system that combines solar, energy storage, EV charging, and intelligent management into a single, compact unit. PointGuard Home stands out for its modular flexibility, effortless installation, advanced safety features, and AI-powered app.
