Trendforce predicts that in 2024, new energy storage setups will hit 74 GW/173 GWh, growing by 33% and 41% compared to the previous year. Most of these installations, about 85%, will be in China, the United States, and Europe. Due…
MOL Group, an international fuel company operating independently and listed on stock exchanges, recently inaugurated a significant green hydrogen production facility in Hungary. Green hydrogen factory with a capacity of 10 MW In our country, MOL Hungarian Oil and Gas…
The quick progress in making solar cells using perovskite materials has resulted in lab devices performing as well as commercial ones. In early 2024, a team of scientists from the UK and Australia demonstrated these devices in action. A few…
Hansainvest Real Assets has recently inaugurated Europe’s biggest solar power plant in Saxony, Germany, boasting a capacity of 605 MW. Spanning an area of 500 hectares, the project was executed in collaboration with Shell Energy Europe through a power purchase…
The European Commission declared financial backing for two key investments on April 2, with the goal of boosting renewable energy production in Greece. Greece focuses on renewable energy sources The EU’s executive body has allocated precisely €1 billion to fund…
WindSpider, also known as a “self-building” wind turbine, is a groundbreaking crane project created by a Norwegian startup called WindSpider. This innovative initiative is gaining prominence in the wind energy industry, as the company has joined the Energy Transition Norway…
The hydrogen train completed an impressive journey of precisely 1,741.7 miles on a single tank. This remarkable feat occurred in Colorado between March 20 and 22, 2024, setting a new Guinness World Record for the longest distance traveled on one…
In 2023, Europe saw the installation of energy storage facilities totaling 10 GW in capacity. It is anticipated that EU policies will drive further rapid growth in this sector in the years ahead. Record capacity installed in energy storage in…
A German energy service provider is proposing to establish an energy storage facility in North Rhine-Westphalia. To this end, Westfalen Weser has been granted permission to utilize the site of a former nuclear power plant. The project aims to leverage…
On the previous Sunday and Monday, Germany saw 15 coal-fired power plants vanish from its energy landscape. Officials clarify that this isn’t just a temporary halt due to decreased demand; it’s a permanent shutdown. Among them were 8 hard coal-fired…