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Siemens Gamesa commit to zero emissions

Reaffirming its commitment to a zero emissions future: Siemens Gamesa’s climate targets verified by Science Based Targets initiative Science Based Targets initiative (SBTi) verifies that Siemens Gamesa’s emission reduction strategy is aligned with what climate science says is required to meet the 1.5°C trajectoryIn 2018, the company was the first renewable energy manufacturer that committed to the SBTi and ...

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Claroty records record growth in Asia Pacific

Global network protection vendor Claroty has recorded octuple annual recurring revenue growth year-over-year in the Asia Pacific region including Japan, from the first half of 2019 to the first half of 2020, fuelled by "growing demand for critical infrastructure security in the region". Announcing its first half 2020 results on Wednesday, Claroty said the company had gained “exceptional momentum i ...

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US show interest in Vietnam gas-fired projects

Singapore — Vietnam's pipeline of LNG-fired power plants has seen a flurry of interest from US LNG exporters, with at least eight projects with preliminary agreements signed to date, which could turn the Southeast Asian country into a major destination for US natural gas if things go as planned. The recent rush is partly to make it into the country's National Power Development Plan VIII, which the ener ...

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Vietnam sees rooftop solar boom

Over 45,000 households and organizations in the country have installed rooftop solar panels, whose prices have been falling rapidly in recent years. Le Anh Tuan, lecturer at Can Tho University in southern Can Tho City, spent VND130 million ($5,600) to install a 3.9 kWp rooftop solar power system in his home four years ago and is now enjoying the fruits of his investment.  Tuan was able to save up to VN ...

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UNEP and ReNew Power to increase access to clean, efficient energy in India

India’s largest renewable energy company, ReNew Power, and the UN Environment Programme (UNEP) have signed a partnership agreement to promote increased access to renewable energy and improved energy efficiency. The strengthened partnership between the two parties – who signed the Memorandum of Understanding (MoU) on 10th July 2020 in Delhi- focuses on enhancing access to renewable energy and improving ...

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SparkMeter to modernise distribution utilities in Africa and Asia

Power solutions provider, SparkMeter, announced the closing of a $12 million Series A financing. The latest funding will allow the company to launch its new digital solutions offering, connecting smart grid data insights to business operations for large electricity distribution utilities in emerging markets. The round was led by Clean Energy Ventures and Breakthrough Energy Ventures, alongside Goo ...

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Southeast Asian nations set region-wide renewable energy goal of 23 percent by 2025

[The Association of Southeast Asian Nations (ASEAN)] has set an ambitious target of securing 23 percent of its primary energy from renewable sources by 2025 with energy demand in the region is expected to grow by 50 percent. According to the International Renewable Energy Agency (IRENA), this objective entails a “two-and-a-half-fold increase in the modern renewable energy share compared to 2014.” With the r ...

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Rolls-Royce Power Systems still profitable despite Covid-19

•       Rolls-Royce division with its MTU products and solutions posts an 11% fall in revenue •       Comprehensive package of early countermeasures shows favorable impact •       Crisis accelerates the division's transformation into a solution provider First-half financial results at Rolls-Roy ...

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Rolls-Royce launches Power Lab to drive future technologies

•       Power Systems establishes new company division for technology development  •       Emphasis on the decarbonisation of drive, propulsion and energy systems •       Fuel cell systems have been newly added to the portfolio Rolls-Royce with its Power Systems business has set up a new o ...

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WinJi receives $1.5 Million loan guarantee from the Swiss Technology Fund

WinJi, a Swiss start-up that developed the innovative “True Power” renewable energy asset management platform, has been awarded a $1.5 Million (CHF 1.8 M) loan guarantee by the Swiss Technology Fund. This loan guarantee will facilitate WinJi’s upcoming debt-raising, with a view to accelerate the company’s growth and finance further platform developments. Technology Fund successfully approved WinJi’s technol ...

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