Latest news with #CleanEnergy
Yahoo
a day ago
- Business
- Yahoo
Global energy transition picks up pace amid rising challenges: WEF report
The World Economic Forum (WEF) Energy Transition Index 2025 report has indicated that global progress towards secure, sustainable, and equitable energy is picking up pace after years of moderate improvements. However, significant challenges such as geopolitical tensions, investment shortfalls, and a widening gap between clean energy innovation and deployment in areas that need it most could offset the progress. The 'Fostering Effective Energy Transition 2025' report benchmarks the energy systems of 118 countries, evaluating them across security, sustainability, and equity dimensions. Their readiness in terms of political commitment, finance and investment, innovation, infrastructure, education and human capital will also be explored. Notably, 65% of countries have improved their scores on the Energy Transition Index, with 28% showing advancement across all core dimensions in 2025. While advanced economies face challenges with grid congestion, elevated energy prices, and supply chain constraints, regions such as Emerging Europe and Emerging Asia are experiencing progress, driven by specific policy reforms, improved infrastructure, and a surge in clean energy investments. The 2025 Energy Transition Index posted a 1.1% year-on-year improvement, marking the fastest growth since pre-Covid. Equity saw the most significant gains, attributed to stable energy prices and subsidy reductions, while sustainability benefited from a rise in renewable energy use and energy efficiency advancements. Energy security saw little change, hindered by rigid power systems, reliance on imports, and limited diversification. Despite a $2tn investment in clean energy last year, emissions reached a record 37.8 billion tonnes in the warmest year on record, with energy demand climbing by 2.2%, driven by AI, data centres, cooling, and electrification. Sweden, Finland, and Denmark lead the Energy Transition Index. Norway and Switzerland complete the top five while Austria, Latvia, and the Netherlands also performed well, particularly in equity, clean energy capital flows, and renewable energy capacity expansion. China achieved a record 12th place, attributed to its innovation and clean energy investment. Brazil led Latin America in 15th place, with greater energy diversification, lower prices, and increased clean energy use. The UK and the US placed 16th and 17th, respectively, with the US ranking first in energy security due to its diverse energy system and innovation. World Economic Forum Centre for Energy and Materials head Roberto Bocca said: 'Energy systems are evolving at varying speeds.' The report advocates for flexible policies that can draw in sustained capital investment, encourage collaboration, upgrade existing infrastructure, channel funds into workforce development and innovation, expand the deployment of clean technologies, and boost financial investment in the economies of developing nations. Emerging Europe showed the strongest gains, with Latvia scoring highest and Bosnia and Herzegovina growing the most. Emerging Asia is led by China and followed by Malaysia. Sub-Saharan Africa also made progress, with Nigeria climbing from 109th in 2016 to 61st in 2025, highlighting the impact of targeted reforms and localised transition strategies. "Global energy transition picks up pace amid rising challenges: WEF report" was originally created and published by Energy Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Bloomberg
3 days ago
- Business
- Bloomberg
Stock Movers: Sabadell Down, Vestas Down, Apollo Deal
On this episode of Stock Movers: - Banco Sabadell is considering a sale of its UK unit TSB, the latest twist in a year-long effort to defend itself against a takeover by rival BBVA. - Clean energy stocks including Vestas and Orsted fall in Europe after US Senate Republicans released a bill that would end tax credits for wind and solar earlier than for other sources, and make only modest changes to most other incentives. - An Apollo Global Management Inc. investment vehicle sold its entire 21.3% stake in Italian betting firm Lottomatica Group Spa on Monday, leading a €2.3 billion ($2.7 billion) wave of European block trades as investors capitalized on the market's bounce.
Associated Press
12-06-2025
- Business
- Associated Press
AgriFORCE (NASDAQ: AGRI) and BlueFlare Energy™ Execute Binding Letter of Intent for 1.3MW Alberta Bitcoin Mining Deployment and AGRI Reaffirms Commitment to Augment its Bitcoin Treasury Through Bitcoin Mined From These New Locations
Landmark Collaboration Marks First Execution Under AgriFORCE's Power & Compute Initiative with Modular, Efficiency-Aligned Infrastructure Across Five Alberta Sites Vancouver, British Columbia and West Palm Beach, FL, June 12, 2025 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. ('AgriFORCE' or the 'Company') (NASDAQ: AGRI), a mission-driven technology company at the forefront of agriculture, clean energy, and decentralized computing, today announced its first deployment under the Power & Compute Initiative via a binding Letter of Intent (LOI) with BlueFlare Energy™ Solutions Inc. ('BlueFlare'). The agreement outlines a deployment of 1.3 megawatts of modular, natural gas-powered Bitcoin mining infrastructure across five strategically located sites in Alberta, Canada. Deployment Overview: Five Phases Across Alberta Under the terms of the LOI, BlueFlare will lead the full-stack delivery of compute infrastructure and energy systems across the following phased sites: The total project encompasses generators and 315 Bitmain S21 Pro ASIC miners (200 TH/s per unit) and includes comprehensive site deployment, design, integration, and commissioning services. Technology Stack: Embedded Intelligence & ESG Enablement This inaugural deployment will leverage BlueFlare's proprietary platform stack to deliver intelligent and carbon-aware compute infrastructure: Complementing this is the Carbon Cube™, BlueFlare's real-time environmental telemetry system for ESG reporting, carbon credit tracking, and site-level sustainability monitoring. Strategic Execution & Exclusivity AgriFORCE has submitted a binding deposit toward the first two months of hosting and operations at the Berwyn Phase 1 site. The all-in power and hosting cost is fixed at $0.065 per kWh, excluding consumables and extraordinary repairs. The full infrastructure deployment is scheduled for completion within 90 days. AgriFORCE has secured a 90-day exclusivity window and Right of First Refusal (ROFR) on the final two phases in Hinton and future BlueFlare opportunities across Alberta and other regions. Leadership Commentary 'This project puts our Power & Compute Initiative into action with a modular, environmentally intelligent deployment across high-potential Canadian sites,' said Jolie Kahn, CEO of AgriFORCE. 'BlueFlare's integrated engineering and ESG platforms are a perfect fit for our decentralized compute vision. We're not just building hashrate—we're deploying intelligent digital assets backed by sustainable infrastructure and advanced operational visibility. The Company reaffirms its commitment to building its Bitcoin Treasury through hodling bitcoin which it mines, and to date, it has continued to hodl all bitcoin it has mined. The Company also plans to augment its bitcoin holdings through further purchases of bitcoin in the market, as capital resources permit.' Next Steps The parties intend to finalize definitive agreements—including hosting, power, and site lease arrangements—on or before June 30, 2025, with initial on-site work to commence immediately thereafter. About AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) AgriFORCE is a mission-first technology company focused on unlocking innovation at the intersection of agriculture, energy, and digital infrastructure. Through its division TerraHash Digital™, the Company delivers modular mining and high-performance computing solutions powered by renewable and recovered energy. Learn more: About BlueFlare Energy™ Solutions Inc. BlueFlare is a decentralized infrastructure company specializing in mobile natural gas generation, compute deployment, and carbon-aware optimization technologies. Its platforms span blockchain, AI, emissions tracking, and energy monetization. Learn more: Follow AgriFORCE and TerraHash Digital™ AgriFORCE Social Media: TerraHash Digital™ Social Media: Forward-Looking Statements This press release contains forward-looking statements regarding the execution and expansion of infrastructure projects, operational performance, and market growth. These statements are subject to risks including delays in deployment, regulatory uncertainties, supply chain disruptions, and power cost fluctuations. Refer to AgriFORCE's SEC filings for a full risk discussion. The Company undertakes no obligation to update forward-looking statements except as required by law. Investor Contact: AgriFORCE Investor Relations +1-561-717-1742
Trade Arabia
09-06-2025
- Business
- Trade Arabia
Sungrow releases PowerTitan 3.0 energy storage system platform
Sungrow, the global leading inverter and energy storage system supplier, has announced the launch of its PowerTitan 3.0 Energy Storage System (ESS) platform for utility-scale applications. Engineered for an increasingly volatile and complex clean energy landscape, this platform moves beyond standardised solutions to offer unparalleled flexibility, power density, intelligence, and safety. The full PowerTitan 3.0 portfolio is available for immediate commercial deployment. Key innovations The PowerTitan 3.0 ESS Platform features an integrated modular library of scenario-based functions: All functional modules are standardized and can be freely deployed according to scenario requirements without redesign. A single platform enables multiple combinations for comprehensive global applications. The platform shatters the constraints of fixed container sizes. Launching initially in 10ft Flex version (capacity 3.45MWh), 20ft Class version (capacity 6.9MWh), and 30ft Plus version (capacity 12.5MWh), it supports 2-12 hours duration and maintains stable performance in extreme environments from -40°C to +55°C (-40°F to +131°F) and altitudes up to 5,000 meters (16,404 feet) without derating. Redefining the battery cell For projects demanding high capacity and cost-effectiveness, the PowerTitan 3.0 Plus version comes with the powerful 684Ah stacking large battery cell, delivering up to 12.5MW/50MWh per AC block, becoming the world's largest power density BESS with over 500kWh per square meter. Back-to-back installation with 20mm spacing enables a more compact equipment layout. Based on a 1 GWh-scale project, the overall system design reduces land footprint by 45% and cabling by 10%, significantly lowering Capex. This 684Ah stacking battery cell is the industry's first of its kind to enter mass production. The battery features a higher energy density of 448Wh per liter and a cycle life exceeding 15,000 times. The higher energy density demands uncompromising safety. The pioneering Thermo-Electric Separation technology resets cell vents and internal pack exhaust channels, paired with patented heat-insulating layers. This ensures high-temperature gases do not damage battery components, prevents gas propagation, and stops thermal runaway from affecting adjacent cells. Industry-first large-scale application Featuring the industry's first large-scale application of fully liquid-cooled Silicon Carbide Power Conversion System (SiC PCS), the system delivers a power capacity of 450kW per unit, achieving a maximum efficiency of 99.3% and a system round-trip efficiency (RTE) of 93.5%. This enables full-power operation even in extreme heat of 55°C, making it ideal for high-temperature regions such as the Middle East. Rapid deployment The PowerTitan 3.0 is engineered for rapid deployment. Pre-installed, pre-debugged, block-level pre-integration and intelligent parameter configuration at the factory, it supports one-click automated configuration and inspection at the site, cutting deployment time by 17 days for a 1GWh project. The product is also integrated with intelligent functions, including Sungrow's PowerBidder - Electricity Market Trading System, a tool that aims at minimizing risks and increasing profits from electricity trading operations. Another function is the PowerDoctor Operation & Maintenance (O&M) tool, capable of predicting over 30 fault types with over 99% diagnostic accuracy, and providing guided repairs, making maintenance more proactive. Built-in grid-forming capabilities Sungrow's PowerTitan 3.0 is embedded with the company's Stem-Cell Grid-Forming Tech 2.0. It anticipates grid disturbances before they escalate, ensuring energy storage responds proactively. The product delivers renewables and energy storage grid-forming synchronously, GW-scale black start, seamless mode switching between grid-following and grid-forming, adaptation to wide-range SCR changes (1-40), and enables 20 milliseconds rapid response and 90° symmetrical/asymmetrical phase angle jump. With these functions, the product supports rapid grid recovery, maximizes ancillary service revenue, and ensures reliability across all grid scenarios: generation, transmission, microgrids, and consumption endpoints. The company transforms complex requirements into rapidly deployable solutions, eliminating redundancy while maximizing value. "This platform empowers reliable, efficient, and profitable clean energy applications for any challenge. The entire portfolio is available today," concluded Xu Qingqing, Vice President of Sungrow and President of Sungrow Energy Storage Business Unit, at the product launch ceremony at the company's headquarters in Hefei. - TradeArabia News Service
Yahoo
06-06-2025
- Automotive
- Yahoo
Trump Gives Musk a Second Black Eye in Scorched Earth Attack
Donald Trump broke his silence over Elon Musk on Thursday in a dramatic intervention after the Tesla billionaire's frenzied attacks on the 'One Big Beautiful Bill.' The president abruptly declared their bromance is all but over and suggested the former first buddy has 'Trump Derangement Syndrome.' In a scorched earth tirade in the Oval Office, Trump suggested that the Tesla boss was bitter because his 'big beautiful bill' scrapped clean energy credits - which would impact Musk's electric vehicle business - and also because the president withdrew the NASA nomination of a Musk ally. 'Elon and I had a great relationship. I don't know if we will anymore,' Trump said. 'I'm very disappointed with Elon. I've helped him a lot. He knew the inner workings of the bill better than anybody sitting here. He had no problem with it. All of a sudden he had a problem and he only developed the problem when he found out we're going to cut the EV [Electric Vehicle] mandate.' Musk responded in real time, declaring on X: 'False, this bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it!' He later added: 'Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.' 'Such ingratitude.' Trump's Oval Office rampage marks the end of the alliance between the world's richest man and its most powerful president, merely months after Musk spent almost $300 million to get Trump re-elected. The brutal rebuke came after Musk delivered a blistering critique of Trump's sweeping domestic policy bill on Tuesday, describing it as a 'disgusting abomination' and condemning everyone who voted for it. The former DOGE boss ramped up his attack against the bill on Wednesday, telling his 220 million-plus followers on X: 'Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL.' This came after the Congressional Budget Office found that the Trump-backed bill would add $2.4 trillion to federal budget deficits over 10 years. A few hours later, he called out Trump by name for the first time, re-posting a meme with a large yellow tractor that said 'Trump's big beautiful bill.' In another sucker punch on Thursday, Trump also told reporters that he believes he could have won in Pennsylvania - the swing state that clinched his victory - even if Musk hadn't helped. He then suggested that Musk had turned on him after he ended his official DOGE duties on Friday. 'People leave my administration, and they love us, and then at some point … some of them actually become hostile. I don't know what it is. It's sort of Trump derangement syndrome, I guess they call it," Trump said. 'They leave it and the glamour is gone, and the whole world is is different, and they become hostile. I don't know what it is.' Musk fired back on X: 'Whatever.' Musk's anger over the bill this week came after a tumultuous few months in which Musk upended the federal bureaucracy, watched his Tesla stocks plummet amid a public backlash and ultimately failed to deliver the $1 trillion in savings he claimed DOGE would achieve. Trump had earlier praised him for his role during a joint press conference on Friday, even giving Musk a gold key - symbolic of a key to the White House. 'I'll continue to be visiting here and be a friend and adviser to the president,' Musk said, wearing a black T-shirt emblazoned with the words 'The Dogefather.' 'I hope so,' said Trump.
