China’s iron grip on the battery supply chain is set to weaken thanks to ambitious US and EU policies to boost their manufacturing capacity, according to an International Energy Agency report. The dominance of China in battery manufacturing has caused increasing political unease in the West, with EU leaders recently warned against getting hooked on Chinese batteries in the same way that they had been on Russian gas previously. Batteries are critical to the renewables rollout, including the global target to triple green power capacity, as they store energy from wind and solar farms when the wi ..read more

Recharge is part of DN Media Group AS. From November 1st DN Media Group is responsible for controlling your data on Recharge. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. You can read more about how we handle your information in our privacy policy. About DN Media Group DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. Read more about DN Media Group here. The post BP sees German offshore wind as ‘bluepr ..read more

Renewables provided several highlights as Equinor posted a net quarterly profit of $2.6bn today (Thursday), considerably less than the Norwegian oil major was reaping one year ago. “Equinor delivered solid financial results driven by strong operational performance across the business,” said Equinor CEO Anders Opedal, who acknowledged that higher oil and gas production on the Norwegian continental shelf, and growing international production, provided the bedrock of this. The post Renewables provide positives as Equinor learns to live without bumper earnings appeared first on Energy Mag ..read more

New York State Energy Research and Development Authority (Nyserda) is moving forward on its next round for offshore wind procurement for up to 2.6GW following scrapping of its blockbuster 4GW round 3 amid disputes between project developers and turbine OEM GE Vernova. “We are already making plans to advance a competitive solicitation as early as this summer and continue to invest in our supply chain infrastructure,” Nyserda CEO Doreen Harris said during the plenary at Oceantic Network’s International Partnering Forum (IPF) in New Orleans. The post New York’s Harris pledges ‘more flexibility ..read more

New York State Energy Research and Development Authority (Nyserda) is moving forward on its next round for offshore wind procurement for up to 2.6GW following scrapping of its blockbuster 4GW round 3 amid disputes between project developers and turbine OEM GE Vernova. “We are already making plans to advance a competitive solicitation as early as this summer and continue to invest in our supply chain infrastructure,” Nyserda CEO Doreen Harris said during the plenary at Oceantic Network’s International Partnering Forum (IPF) in New Orleans. The post New York advances round 5 for up to 2.6GW of ..read more

A fusion start-up has managed to generate temperatures hotter than the core of the Sun with a “unique” approach it claims can deliver limitless clean power at a fraction of the cost and complexity of competitors. US-based Zap Energy claims its fusion concept has now joined the “rarefied ranks” of technologies that have generated thermal fusion plasma with electron temperatures hotter than 10 million degrees Celsius. Zap said in a press release on Tuesday that its unique approach, known as a sheared-flow-stabilised Z pinch, has now blasted past this milestone – achieving temperatures roughly e ..read more

The US will today announce a new five-year offshore wind leasing schedule, said the nation’s Department of the Interior. Interior secretary Deb Haaland will unveil the schedule, which includes up to 12 potential lease sales through to 2028, at the IPF 2024 event in New Orleans today, said the department. Leasing by US seabed regulator BOEM is expected “in the Atlantic, Gulf of Mexico, Pacific, and the waters offshore of the US territories”, said DoI. The post US plans 12 offshore wind lease sales as New York unveils next move appeared first on Energy Mag ..read more

Artificial intelligence and data centres will be key drivers of “booming” demand for electrification and Iberdrola is looking at how to maximise the opportunities they bring for growth, according to the Spanish green giant’s executive chair Ignacio Galán. Iberdrola is already active in these sectors, stressed Galán, but said it nevertheless remains a “very interesting angle to catalyse this new electricity demand.” The post Iberdrola eyes AI and data centres as ‘very interesting angle’ for growth appeared first on Energy Mag ..read more

Principle Power may have its roots in California and an adopted home in Portugal, but the floating wind technology pioneer is increasingly focussed on South Korea as the market where it is closest to achieving the all-important step up to industrial scale floating wind projects. In a sector that is eager to prove its own bankability, Principle Power has stood out by pursuing initiatives to help pave the way for industrialisation and a maturing toward gigascale deployments. The post Why Principle Power sees South Korea winning floating wind’s race to industrial scale appeared first on Energy ..read more

Recharge is part of DN Media Group AS. From November 1st DN Media Group is responsible for controlling your data on Recharge. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. You can read more about how we handle your information in our privacy policy. About DN Media Group DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. Read more about DN Media Group here. The post Iberdrola raises guidance amid strong Q ..read more