Explore The Latest Energy Transition News - May 2023
This month's Pangea SI Newsletter has a range of industry articles focusing on carbon sequestration and technical data sheets, a webinar on financial climate risk with Tata Consultancy Services, and the latest energy transition news from this month including some recent movements and hires in the space.
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Featured Article:
As the global demand for energy storage continues to surge, the battery industry has witnessed remarkable growth. This expansion, however, has necessitated the development and implementation of robust regulations to address various aspects, including battery manufacturing, the battery supply chain, and the extraction of battery materials.
Pangea SI Expert Focus:
This episode of the PSI Podcast is, for the first time, featuring two guests with a focus on battery manufacturing and battery end-use. Two upstanding market members joined us and have each taken part in the foundation of battery-related platforms/companies. They have each been able to offer an insight into their experience within battery manufacturing, the challenging aspects of the market, the future of the BESS market and more. Below is an excerpt of what they had to say about a challenge with batteries:
“From a financial perspective, insurances are being in place to ensure performance, and you have to lock in or degrade the battery further to ensure that that data points are met, which is a challenge because battery cost is expensive."
We are pleased to announce our next webinar: "Innovating Battery Manufacturing for Sustainability and Safety". We will be joined by Matthias Simolka, Senior Technical Solution Engineer for TWAITA, and Johannes R??ner, Founder of BT Advisor UG, who will be discussing battery manufacturing safety, R&D, second life use, and more.
Energy Investment News:
领英推荐
In the first three months of this year, a third of the country's electricity came from wind farms, research from Imperial College London has shown.?National Grid has also confirmed that April saw a record period of solar energy generation.
New York State has passed legislation that will scale up the state’s renewable energy production and signals a significant step toward moving utilities out of private hands to become publicly owned.
Energy Infrastructure News:
Vietnam's prime minister has approved a long-awaited power plan for this decade, which calls for US$134.7 billion in funding for new power plants and grids. The strategy is critical for unlocking a US$15.5 billion initial investment in green-transition funds offered to Vietnam.
The Biden-Harris Administration announced the availability of nearly $11 billion in grants and loan opportunities that will help rural energy and utility providers bring affordable, reliable clean energy to their communities across the country.
Industry Movements and Appointments
Chevron
Chevron Corp said on Monday it is increasing its U.S. oil and gas footprint by acquiring shale producer PDC Energy Inc?in a stock-and-debt transaction worth $7.6 billion.
For Chevron, the second-largest U.S. oil firm, the deal will increase its production, capital expenditures and cash flow in the United States amid global geopolitical tensions over energy supply following Russia's invasion of Ukraine last year.
SSE
Power generator and network operator SSE Plc set out plans to invest up to ￡40bn this decade on clean energy projects.?The investment plans come as the company posted an adjusted pre-tax profit of ￡2.18bn for the year ended March 31, up from ￡1.16bn reported a year earlier.
“The results that we have reported today represent profit with a purpose. They enable us to deliver record investment – far in excess of our earnings – in vital low-carbon energy infrastructure," Alistair Phillips Davies, SSE Chief Executive said in a statement.