Iberdrola Introduces World’s First Commercial-Scale Battery Storage System in Ireland

I berdrola launched its first commercialscale battery plant in Ireland. The Gorman facility, which has a 50megawatt (MW), power output of 25MWh, was also built by Iberdrola in Ireland. It is the first renewable project the company has constructed in Ireland for more than 25 years. The system, located in…

Russia’s Oil Earnings Continue to Soar: IEA

Russia’s oil export revenue surged above $20 billion in June thanks to rising energy prices and despite lower shipments abroad, the International Energy Agency (IEA) said in its monthly oil market report recently. The agency’s statistics showed an increase of $700 million in June from the previous month, even as…

Pipeline to be Set Up to Supply Gas to 420MW Mymensingh Power Plant

The government has taken an initiative to supply gas to Mymensingh combined cycle power plant in pipeline. To this end, a project titled construction of gas pipeline from Dhunua to Mymensingh power plant has been proposed at a cost of Tk 553.16 crore. The project aims at ensuring uninterrupted power…

NESCO to Install 1.2m More Prepaid Meters

Atotal of 12 lakh (1.2 million) more smart prepayment meters are going to be installed in the country's northwest region aimed at cent percent revenue collection besides reducing system loss to one percent. Northern Electricity Supply Company (NESCO) Limited, headquarters in Rajshahi, will install the smart meters under its project…

EIB Provides €400m to Support Energy Link Connecting Germany and UK

The European Investment Bank (EIB) – as part of a consortium of more than 20 international banks – has agreed on the financing structure of the first ever energy link connecting Germany and the United Kingdom. The investment to build this interconnector will amount to €2.8 billion, with the EIB…

Panasonic to Build $4b Electric Vehicle Battery Plant in US

J apanese electronics giant Panasonic said recently it will spend $4 billion to build a new battery factory in the United States for electric vehicles. The lithium-ion battery plant in Kansas could create up to 4,000 new jobs, Panasonic said, as the Tesla supplier drives to expand its presence. ‘With…