NREL Ai Model for Future Energy Impacts | ACWA Power secures Chinese Loan for Uzbek Project| India CSP grows | Polar Night Energy secures new seed funding

NREL Generative Machine Learning Model To Simulate Future Energy-Climate Impacts (7 Minute Read)

NREL’s new open-source model, Sup3rCC, simulates future energy-climate impacts. It uses generative machine learning to produce high-resolution climate data to understand how climate change will affect renewable energy sources like wind and solar. The data is essential for energy system planning as countries transition to more renewable energy sources. Sup3rCC is 40 times faster than traditional methods and produces data in 15,000 times greater detail.

Energy China’s Hami 50MW CSP tower plant reached a new high power generation  (2 Minute Read)

Energy China’s 50MW CSP tower plant in Hami, China achieved a new daily power generation record of 1.0315 million kilowatt hours. This record is noteworthy because the system withstood high winds up to 36.89 meters/second without damage, demonstrating the wind resistance of the heliostat technology.

AUSTELA calls for hybrid contracts for CSP generation and storage capabilities   (5 Minute Read)

The Australian Solar Thermal Energy Association (AUSTELA) advocated for changes to the Capacity Investment Scheme to benefit more from CSP technology.

The benefits of these CSP Hybrid Contracts are:

• Lower costs: Studies show CSP can offer the lowest cost per unit of electricity for long-duration dispatchable power.

• System strength: CSP contributes to grid stability like traditional gas turbines, unlike solar and battery storage.

• Clean and dispatchable: CSP generates clean energy and dispatches it according to grid needs, unlike traditional solar. 

The Bureau of Land Management issued final rules for renewable development on public lands  (3 Minute Read)

The Bureau of Land Management (BLM) released the final rules to simplify and incentivize renewable energy development on public lands. They offer lower rents and fees, streamlined permitting, and priority for certain projects.

PV System from Renantis now powers ARS TECH’s Controguerra plant   (4 Minute Read)

Renantis’s new 1.4MW solar power plant is now operational on the rooftop of the carbon fiber component manufacturer (ARS TECH) in Italy. The plant is expected to generate a third of the company's energy needs and reduce CO2 emissions by 800 tons per year.

ACWA Power secures first RMB loan for the Tashkent 200MW Solar PV and 500MWh BESS project in Uzbekistan (2 Minute Read)

ACWA Power secured an $80 million loan (half RMB, half USD) from the Bank of China to fund the Tashkent solar project in Uzbekistan. This is the first RMB loan cooperation between a Chinese bank and a Saudi company. This loan is a significant development for the Belt and Road Initiative and Vision 2030 (Saudi Arabia's economic diversification plan). The Tashkent project paves the way for future cooperation between China and Saudi Arabia.

Finnish Polar Night Energy Successfully Closes €7.6m in Seed Funding to Scale Up Sand Battery Technology  (4 Minutes Read)

Polar Night, a large-scale sand-based thermal energy storage company, secured €7.6 million in funding. They plan to use it to help them grow their business and improve their technology to convert stored heat into electricity. The round was led by prominent figures like Jonathan Oppenheimer and included Finnish and Swedish investors. Polar Night Energy sees this as a major step towards becoming a global leader in thermal energy storage and contributing to clean energy production.

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