Marine
Marine energy generates £124m for Welsh economy
A total of £123.7 million ($154.8 million) has been invested into the Welsh economy as a result of marine technology to-date, and £27.5 million ($34.4 million) in the last year, according to a new report by industry association Marine Energy Wales.
Wind
Mexico, Central America and Caribbean hit record wind capacity
Mexico, Central America and the Caribbean saw a record 1830 MW of new wind capacity installed in 2019 – a 126% year-on-year increase in additions.
Energy Storage
UK cryogenic energy storage project granted £10m in government funding
UK energy storage innovation firm Highview Power, has been awarded £10 million by the UK Department for Business, Energy & Industrial Strategy for a 50MW cryogenic energy storage facility.
Emissions & Environment
IEA plan calls for $3 trillion investment to aid COVID-19 recovery
The International Energy Agency has unveiled a global COVID-19 recovery plan for the global energy sector which outlines a three-year series of actions designed to revitalise economies, boost employment and make energy systems cleaner and more resilient.
Digitalization
Global digital twins market to grow six-fold by 2026 says new...
The global digital twin market in the utility industry is expected to grow more than six-fold between 2020 and 2026, and increase in value from $2.69 billion in 2019 to $9.35 billion, according to a new report.
Emissions & Environment
Scottish government unveils £62m energy transition fund
The Scottish government has announced a £62 million fund to support businesses in the energy, oil, and gas sectors over the next five years, as part of the country's recovery plans from the COVID-19 pandemic.
Decentralized Energy
Israeli innovators, Nokia, partner for rural electrification in Asia
Aquarius Engines has signed a partnership agreement with Nokia to provide minigrids in remote areas of the Philippines, and other Asian countries.
Renewables
Global recovery will be fueled by cheap renewables
More than half of renewables capacity added in 2019 achieved lower power costs than the cheapest new coal plants, according to IEA.
Renewables
Siemens Gamesa wins 30-year wind operations and maintenance deal in Australia
Siemens Gamesa Renewable Energy has secured a 30-year contract to provide operation and maintenance services for the 226-MW Murra Warra wind farm.
Digitalization
Siemens to create digital architecture for UK’s Modernising Energy Data Access...
Siemens has been selected by Innovate UK to develop an energy data platform as part of the Modernising Energy Data Access project
