Pumped Storage Hydro

Jamaica is studying the implementation of a pumped storage hydroelectric and water system project to guarantee supply amid projected shortfalls. According to BNamericas, Prime Minister Andrew Holness made the announcement during a speech to lawmakers as part of the 2020-21 budget debate. “Although most of the available water resources are located within the hydrologic basins...
Business

Aluminum producer China Hongqiao Group Limited is selling its coal-fired power generation assets to Shandong Guoxu New Energy Co. as part of a plan to move its manufacturing bases to Yunnan Province to take advantage of low-cost hydroelectric resources. The board announced March 18, 2020, that it had entered into the Assets Transfer Agreement, for...
Jobs and People

Hydro Tasmania’s Chairman Grant Every-Burns has announced that Chief Executive Officer Steve Davy will step down when his contract ends later this year. Davy has served as CEO for almost seven years and has been with the business for more than 15 years. Before being named CEO, Davy was Chief Commercial Officer, managing commercial operations...
New Development

By Vakhtang Ghonghadze Few power plants in the world are championed for their visual aesthetics. Fewer still can claim the title of cultural heritage site. Hoover Dam on the Colorado River in the U.S. and London’s Battersea Power Station are perhaps two exceptions proving the rule that power plants are there to be used, not...
Environmental

Preliminary testing shows a survival rate of 98.25% for fish passing through the new turbine installed at the 603-MW Ice Harbor powerhouse on the Snake River in Washington State. According to Voith Hydro, which designed the turbine, this is a significant improvement over similarly sized conventional Kaplan turbine installations, which typically see survival rates in...
Finance

To allocate enough capital to drive the world’s transition to a low-carbon economy, a set of financial solutions need to be developed and taken advantage of by policymakers, investors and financial institutions. The International Renewable Energy Agency (IRENA) has recently published a series of renewable energy finance briefs looking at tools to scale up renewables. Renewable energy finance:...
Government and Policy News

The European Commission today unveiled its much-anticipated Climate Law, which is intended to drive Europe to climate neutrality by 2050. It proposes a legally binding target of net zero greenhouse gas emissions by 2050 and sets a direction of travel for all subsequent EU policy. Launching the act in Brussels today, EC President Ursula von der Leyen said: “We...
Business

Volvo’s reports that its bus plant in Borås, Sweden, is now one of the first bus production facilities that relies solely on renewable energy, with its sources including hydropower and biofuels. Since this Volvo Buses production plant solely relies on renewable energy for its operation, it has been certified by Volvo as a “Renewable Energy...
Business

Landsvirkjun, Iceland’s national power company, and Reykjavík Data Center (Reykjavík DC), a high-performance computing data center, have signed a Green Power Purchase Agreement guaranteeing certified renewable energy at the data center. Located in Reykjavík, the data center will use 100% hydro-electric and geothermal renewable energy from Landsvirkjun. With this agreement, Reykjavík DC becomes Landsvirkjun’s fourth...