Energy Box

𝟮𝗻𝗱 𝗦𝗼𝗹𝗮𝗿 𝗘𝗻𝗲𝗿𝗴𝘆 𝗦𝘁𝗼𝗿𝗮𝗴𝗲 𝗠𝗘𝗡𝗔 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝟮𝟬𝟮𝟱 is gearing up for another huge year !! Register to see confirmed speakers and attend:  https://lnkd.in/gC8fQp2C

Private Investor Acquires 50% Stake in Ethical Power On December 31st, Greg Skinner acquired a 50% stake in Ethical Power Group and provided a £15 million working capital loan to support its expansion. Founded in 2010, Ethical Power specializes in #solarEPC and #batterystorage, with operations across Europe and New Zealand. With over £400 million in revenue and 30+ ongoing projects, the company is poised for continued growth in the renewable energy sector. Read more: https://lnkd.in/gt362iYr #RenewableEnergy #Sustainability #Investment #CleanEnergy #Solar

Solar Stocks Surge Following Record Tesla Energy Storage Deployments Solar stocks saw a significant boost on Thursday following Tesla's announcement of record-high energy storage deployments in the fourth quarter of 2024. Key Highlights: - Tesla’s Energy Storage: #11GWh of energy storage products deployed in Q4 2024, totaling 31.5 GWh for the year. Solar Stocks Rally: - Invesco Ltd. Solar ETF (TAN) gained 5% - SolarEdge Technologies (SEDG) up 9% - First Solar (FSLR) rose 6% - Tesla’s Energy Storage: The company produces residential and commercial batteries to store solar energy, with the energy storage division continuing to see impressive growth. - Tesla’s Shanghai Gigafactory: Began trial production earlier this week, adding to Tesla’s expanding production capacity. Tesla’s energy storage division continues to show strong performance, reinforcing its role as a leader in the energy storage market. The announcement comes after the Shanghai gigafactory's trial production, signaling further expansion in global energy storage production. Despite a 6% dip in Tesla’s share price due to lower-than-expected vehicle deliveries, the growth in energy storage showcases Tesla’s pivotal role in the renewable energy space. Read more ： https://lnkd.in/gTS9Hdzu #Tesla | #SolarEnergy | #EnergyStorage | #SolarStocks | #RenewableEnergy | #CleanEnergy | #EnergyTransition

TELSA Launches Trial Production at Shanghai MEGAPACK GROUP Manufacturing Facility Tesla has officially launched trial production at its newly constructed Megapack manufacturing facility in Shanghai, marking the company's first Megapack production site outside the United States and a significant step in expanding its presence in the Chinese market. Key Project Highlights: - Location: Shanghai, China - Annual Capacity: 10,000 Megapack units, equating to #40GWh annually - Investment: Approximately 1.45 billion yuan (US$201.7 million) - Facility Size: Covers around 200,000 square meters - Construction Timeline: Groundbreaking in May 2024, completed in December 2024 - Energy Storage Business: Tesla reported $2.376 billion in revenue from energy storage in Q3 2024, marking a 52.4% YoY growth with a 30.5% gross profit margin, a company record Key Players: - Developer: Tesla - Offtakers: Global customers for MEGAPACK GROUP systems Read more: https://lnkd.in/gx2u6ptU 🌱 #Tesla | #EnergyStorage | #Megapack | #RenewableEnergy | #CleanEnergy | #China | #Sustainability | #EnergyTransition | #EnergyInnovation

Renewable energy supplies 71% of consumption in #Portugal 🌍 Portugal achieves a historic milestone in 2024, with renewable energy accounting for 71% of the country's electricity consumption! With renewable production hitting a record 36.7 TWh, Portugal continues to lead the way in the transition to a greener, more sustainable energy future. Key contributors include #hydropower (28%), #wind energy (27%), #solar power (10%), and #biomass (6%). As non-renewable energy production drops, Portugal is embracing cleaner energy sources, reducing reliance on natural gas, and boosting electricity imports. Read more: https://lnkd.in/gjuaH2-V #RenewableEnergy #Sustainability #GreenEnergy #Portugal #Solar #EnergyTransition #CleanEnergy

ACWA Power Enters China Market with Over #1GW of Renewable Energy Projects Saudi utility giant ACWA Power has officially entered China’s renewable energy sector, marking a significant milestone with the launch of over #1GW of solar and wind energy projects across several provinces. The portfolio is a joint venture between ACWA Power and leading Chinese renewable energy firms, currently in advanced development stages. Key Project Highlights: - Total Capacity: Over #1GW of solar and wind energy - Strategic Target: 1.3 GW of renewable energy capacity by end of 2025 Key Players: - Developer: ACWA Power - Offtakers: Jointly owned with prominent Chinese firms This expansion is a cornerstone of ACWA Power’s global growth strategy, part of a $50 billion investment in renewable energy, green hydrogen, and desalination projects in China by 2030. In a statement to Saudi Tadawul Group, ACWA Power reaffirmed its commitment to expanding its footprint in China, with a goal to further strengthen economic ties between Saudi Arabia and China. This expansion is in line with Saudi Arabia’s Vision 2030, and builds on the growing Saudi-China collaboration in green energy, which reached $107.23 billion in bilateral trade in 2023. Read more ： https://lnkd.in/gKiBvuae #RenewableEnergy | #SolarEnergy | #WindEnergy | #GreenHydrogen | #CleanEnergy | #China | #ACWAPower | #Sustainability | #Vision2030

South Korea’s Lupro Joins Forces with Bait Muscat for Green Ammonia Project in #Oman South Korea-based Lupro, a leading global green energy corporation, has teamed up with Bait Muscat for Development and Investment to establish a major green ammonia production facility at the Duqm Special Economic Zone (SEZ) in southeastern Oman. The joint venture leverages Oman’s strategic location and abundant resources to produce green ammonia, a key enabler for renewable energy applications. The project aligns with Oman’s ambitious goals to diversify its energy portfolio and strengthen its position as a leader in sustainable energy in the region. Key Project Highlights: - Location: Duqm Special Economic Zone (SEZ), Southeastern Oman - Focus: Green ammonia production for renewable energy applications - Strategic Goals: Supporting Oman’s transition to clean energy, reducing carbon emissions, and advancing sustainability targets Key Players: - Developer: Lupro - Offtaker: Bait Muscat for Development and Investment Impact: Significant boost to Oman’s green energy sector and a step towards regional leadership in renewable energy This marks a monumental step forward in the development of Oman’s green energy landscape. The Duqm SEZ is rapidly becoming a hub for large-scale renewable projects, helping the country meet its sustainability goals while reducing its carbon footprint. Read more：https://lnkd.in/gk6gJuFC #GreenEnergy #Sustainability #GreenAmmonia #OmanEnergy #RenewableEnergy #CleanTech #EnergyTransition #Partnership

🚀🌞 World First PV Featuring Composite Materials Connected to Grid Suzhou Freeneep Technology, a subsidiary of Jiangyin Free Tech Co., Ltd., has successfully grid-connected a #10MW photovoltaic power plant – the world’s first featuring integrated polyurethane composite frames and mounting structures! 🏆 This pioneering project introduces significant advantages: 🔋 Exceptional corrosion resistance for long-term reliability 🌱 Lightweight for reduced transport and installation costs 💡 Enhanced strength and insulation for operational safety By incorporating high-quality modules from SUNOVA SOLAR, this project optimizes system efficiency and performance, setting a new benchmark for clean energy generation. Read more: https://lnkd.in/gRYZWPUx #CleanEnergy #Photovoltaics #Innovation #CompositeMaterials #SustainableEnergy #RenewableEnergy

R.Power Renewables Secures €15 Million Grant for Energy Storage Project in #Romania R.Power Renewables has secured €15 million (RON 74.6 million) from the Romanian Ministry of Energy to deploy its first large-scale battery energy storage system (#BESS). Supported by Romania's Recovery and Resilience Plan (#PNRR), the project features: 💡 #127MW power capacity 🔋 #254MWh storage ⏳ Up to 2-hour charge/discharge cycles Read more: https://lnkd.in/gixVEeNC #EnergyStorage #RenewableEnergy #Romania #Sustainability #Innovation #PNRR

Sembcorp Industries Ltd Commissions #588MW Solar Power Plant in #Oman We are thrilled to announce that Sembcorp Industries Ltd has successfully launched commercial operations at its 588 MW solar plant in Oman more than four months ahead of schedule! This significant milestone is part of the Manah II Solar Independent Power Project in the Ad Dakhiliyah governorate, and marks Sembcorp's first greenfield renewables development in the Middle East. Key Details: - Capacity: 588 MW solar capacity - Location: Ad Dakhiliyah governorate, northeastern Oman - PPA: 20-year power purchase agreement (PPA) with Nama Power and Water Procurement. - Construction Partners: Sembcorp Industries Ltd and Jinko Power secured the contract in early 2023. - Total Solar Capacity: Combined with Manah I, the two projects will deliver 1 GW of solar capacity. - Sembcorp’s Largest Solar Project: This is Sembcorp’s largest utility-scale solar farm globally. - The Manah II solar plant is a key step towards Oman’s renewable energy goals, with the country aiming for 30% of its energy mix to come from renewables by 2030. Key Players: - Developer: Sembcorp Utilities (Sembcorp Industries) - Offtaker: Nama Power and Water Procurement Co. - EPC: Sembcorp Utilities and Jinko Power Read more ： https://lnkd.in/gyFk8X2h #SolarEnergy #RenewableEnergy #CleanEnergy #Oman #Sustainability #SolarPower #EnergyTransition #PPA #UtilityScaleSolar #MiddleEast #Sembcorp #JinkoPower #IRENA #EnergyGoals