AfDB approves US$20 million financing for clean energy mini-grids in the Congo

PV Tech | March 28, 2019

The African Development Bank Board has approved US$20 million in loans to the Democratic Republic of Congo (DRC), to support renewable energy mini-grids of 3-10MW capacity at three cities that are currently off-grid. The national grid covers just 10% of the African country, so the DR Congo Green Mini-Grid Program, serving the cities of Isiro, Bumba and Genema, will act as a key pilot ahead of private-led electrification using mini-grid technology across the country. This includes in cities with several hundred thousand residents without modern power. Many Congolese use kerosene or diesel for lighting, cookers and electricity generators, with less than 1% of rural and 35% of urban areas having access to electricity from the national grid. Under the new programme, however, the new mini-grids are expected to directly power 21,200 households and 2,100 SMEs and public buildings, benefitting at least 150,000 people.

Spotlight

We get asked this question every day. And the answer? Well, it depends. “Going solar” means different things to different people. Some peoples’ definition costs a lot more than others’. It’s more than just putting a solar panel on your roof to make solar electricity. Let’s take a look at the most common way to “go solar” and the cost

Spotlight

We get asked this question every day. And the answer? Well, it depends. “Going solar” means different things to different people. Some peoples’ definition costs a lot more than others’. It’s more than just putting a solar panel on your roof to make solar electricity. Let’s take a look at the most common way to “go solar” and the cost

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TerraPower announces plan to invest in domestic advanced nuclear fuel production to ensure U.S.-based fuel supply for advanced reactors

Prnewswire | September 15, 2020

TerraPower announced today its plans to team with Centrus Energy Corp. (NYSE American: LEU) to establish commercial-scale, domestic production capabilities for high-assay, low-enriched uranium (HALEU), which will be needed to fuel many next-generation reactor designs including the recently announced Natrium™ Power Storage System designed by TerraPower and GE Hitachi Nuclear Energy. The proposed investment is part of the TerraPower-led proposal for the U.S. Department of Energy's Advanced Reactor Demonstration Program (ARDP), which is intended to support the deployment of two first-of-a-kind advanced reactor designs in the next five to seven years.

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ENERGY

Thompson Energy Solutions - Electrifying the Future

Thompson Machinery | February 21, 2022

Thompson Machinery, the local Cat dealer in Middle and West Tennessee, and North Mississippi, is rebranding its Thompson Power division to align with evolving energy markets and innovative products being developed by Caterpillar Inc. Thompson sells and services Cat commercial and industrial generator sets, industrial engines, marine engines, microgrids, and renewable energy systems. Thompson Power will now be known as Thompson Energy Solutions. The marketing strategy is intended to acknowledge Thompson's focus and commitment to new products and services in the energy market. We are excited to see Caterpillar's fully renewable energy products, such as the Cat MEC500 Mobile Equipment Charger and Cat generator sets capable of operating on 100% hydrogen." Daniel Clark, Vice President of Thompson Energy Solutions Last September, Caterpillar announced the company will begin offering Cat generator sets capable of operating on 100% hydrogen, including fully renewable green hydrogen, on a designed-to-order basis. More immediately, the company will launch commercially available power generation solutions that can be configured to operate on natural gas blended with up to 25% hydrogen. Thompson Energy Solutions is also rapidly expanding its rental fleet with Cat mobile generators ranging from 20kW to 2 megawatts. "The additional investment will increase our power generation rental fleet investment by 50% within 12 months," explains Daniel. "Targeting a growing customer base not only in construction, but healthcare, manufacturing, and commercial and industrial segments is a key component to the strategy. We are excited to share the new brand identity and the expanded rental fleet with our customers." Additionally, Thompson Energy Solutions is supporting the company's truck division called Thompson Truck Centers, which is now focusing on heavy-duty commercial battery-electric vehicles (BEV) and fuel-cell electric vehicles (FCEV). "A turnkey solution for zero-emissions battery-electric trucks that includes the electrical infrastructure greatly differentiates us in the marketplace," says Allan Wainscott, GM of Thompson Truck Centers. "Thompson has a rich history of supporting the on-highway truck market, as well as power systems. Making it easy to charge each truck, while providing superior parts and service, is how we plan to partner with our customers to help them succeed."

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STRATEGY AND BEST PRACTICES

CarbonX and AirCarbon Exchange Sign a Memorandum of Understanding, Establishing Indonesia's Carbon Market

CarbonX | March 28, 2022

CarbonX, an Indonesian developer of high-impact carbon assets, has signed a Memorandum of Understanding (MoU) with AirCarbon Exchange (ACX), the world's first fully digital carbon exchange, to collaborate on developing a carbon marketplace in Indonesia. Dessi Yuliana, director of CarbonX, noted that the collaboration would provide Indonesian carbon project developers with a domestic carbon market connected to ACX's international customer order book. Additionally, the carbon marketplace will enable the Indonesian carbon market to expand swiftly. "The joint venture delivers all aspects of a comprehensive carbon infrastructure where buyers and sellers worldwide and domestically can transact in a transparent and efficient manner," -Dessi Yuliana, director of CarbonX According to Pandu Sjahrir, Commissioner of CarbonX, Indonesia has committed to a green economic transformation through the Net Zero Emission (NZE) objective of 2060, which is enshrined in Presidential Regulation 98/2021 on the Implementation of Carbon Economic Value. To accomplish this goal, all players must collaborate and are aided by enabling policies. According to Bappenas, Indonesia will require enormous annual investments of approximately 3.4 to 3.5 percent of GDP to reach the NZE. "The carbon marketplace platform scheme created by CarbonX can contribute to assisting investment funding to achieve NZE targets. If all of this takes place optimally, Indonesia can produce a massive supply of carbon offsets and contribute to the NDC commitment, while also providing social and economic co-benefits," -Pandu Sjahrir, Commissioner of CarbonX William Pazos, Managing Director and Co-Founder of AirCarbon Exchange, noted that the relationship with CarbonX will expand options for Indonesian carbon asset producers. "Today's announcement marks another milestone in ACX's rapid ascent as one of the world's premier carbon marketplaces. By leveraging ACX's technology, the CarbonX partnership will launch with immediate scale. As a result, Indonesian buyers and sellers will immediately gain access to an international marketplace with participants from 30 countries," -William Pazos, Managing Director and Co-Founder of AirCarbon Exchange ACX was named the Best Carbon Exchange in Environmental Finance's annual Voluntary Carbon Market Rankings 2021 - the world's most extensive and most-watched study of the Voluntary Carbon Market. The Exchange has developed dramatically since the first deal was executed on the platform in early 2021, bringing openness, efficiency, and liquidity to the voluntary carbon markets.

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