Daily News Wrap-Up: Rooftop Solar to Meet 10% of Sunvik Steels’ Power Needs in Bengaluru
The share of renewables in the U.S. electricity generation mix will go up to 42% in 2050
Here are some noteworthy cleantech announcement of the day from around the world:
Sunvik Steels has partnered with Dexler Energy to develop 13 MW of rooftop solar projects at its two facilities near Bangalore. The rooftop solar systems will provide 10% of its power needs while reducing 19,890 tons of carbon dioxide emissions annually. With the addition of these projects, 75% of the power for the company will be from clean energy resources.
The Oil and Natural Gas Corporation (ONGC) has unveiled plans to implement India’s maiden geothermal field development project in Ladakh. ONGC Energy Center has signed a Memorandum of Understanding with the Union Territory of Ladakh and Ladakh Autonomous Hill Development Council to formalize this project. The company has planned this field development project in three phases.
MMEX Resources Corporation has unveiled plans to develop a solar power project to power multiple planned projects producing hydrogen and ultra-low sulfur fuels combined with carbon dioxide capture in Texas, United States. The company formed MMEX Solar Resources in 2018 to develop a solar power project to supply renewable energy to its planned refinery projects. The company intends to lease or purchase additional acreage to develop additional megawatts of solar power for distribution in Texas.
The share of renewables in the U.S. electricity generation mix is expected to increase from 21% in 2020 to 42% in 2050, according to the U.S. Energy Information Administration’s new report. The renewable share is projected to increase as nuclear and coal-fired generation decrease, and the natural gas-fired generation share remains relatively constant. By 2030, renewables will collectively surpass natural gas to be the predominant source of power generation in the U.S. Solar generation will surpass wind energy by 2040 as the largest source of renewable generation. After the production tax credit for wind phases out at the end of 2024, solar generation will account for almost 80% of the increase in renewable generation through 2050.
The United Kingdom’s Crown Estate has announced six new offshore wind projects in the waters around England and Wales. The six Round 4 projects represent nearly 8 GW of potential new offshore wind capacity with the opportunity to deliver clean power for over seven million households and create employment across the country. The projects have been selected through a competitive seabed tender process. RWE Renewables, Total, and Consortium of EnBW and bp have secured around 3 GW, 1.5 GW, and 1.5 GW of offshore wind capacity, respectively.
The Indian Energy Exchange has announced further disinvestment of a 5% equity stake in the Indian Gas Exchange to GAIL. Last month, two energy companies, Adani Total Gas and Torrent Gas, acquired a 5% equity stake each in the platform.
ION Energy has entered into an agreement to supply battery management systems to electric scooter startup Ray Electric Motors. Ray Electric Motors will deploy these systems in its electric two-wheelers. The battery management system’s primary role is to ensure that battery operates within its safe operating area by continuously monitoring its current state and logging performance data in real-time.
Here is our previous daily news wrap-up.
Harsh Shukla is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.