Mar 24, 2021

Mubadala steps up clean energy investments in UAE and UK

Hydrogen
cleanenergy
UK
UAE
Dominic Ellis
2 min
MoU signed with Snam set to be followed by "multibillion pound" investment in clean energy and infrastructure in UK
MoU signed with Snam set to be followed by "multibillion pound" investment in clean energy and infrastructure in UK...

Abu Dhabi's Mubadala Investment Company is stepping up its clean energy investments in the UAE and UK.

This week it signed an MoU with Snam to collaborate on joint hydrogen investment and development initiatives, exploring potential projects and solutions in the UAE and globally. 

Musabbeh Al Kaabi, CEO of UAE Investments, Mubadala said: "This signing with Snam is an extension of our joint efforts to develop a hydrogen economy for the UAE, and we are committed to advancing the role hydrogen will play to meet future energy demand globally."

Mubadala, whose $232 billion (AED 853 billion) portfolio spans six continents with interests in multiple sectors and asset classes, is set to follow this up by announcing a "multibillion-pound" partnership with the UK to invest in clean energy and infrastructure, technology and health, according to the Financial Times.

The UK is keen to secure investment for green energy projects as it prepares to host the UN COP26 climate change summit in November. 

Last year, Mubadala joined the Investor Group of the Hydrogen Council and formed the Abu Dhabi Hydrogen Alliance, alongside ADNOC and ADQ, to build a substantial hydrogen economy for the UAE.  

The Municipality of Turin, RINA, and Arbolia, a benefit corporation of Snam and the CDP Foundation active in urban forestry, have signed a sponsorship agreement to create a forest of over 2,100 plants in the Sangone Park, in the Mirafiori Sud district. The new green area will help to reduce climate-altering emissions.

Snam4Mobility and Industria Italiana Autobus have started a collaboration to promote sustainable mobility solutions in local public transport, in support of the energy transition.

The collaboration aims to contribute to the progressive decarbonisation of public and private transport by bus in Italy, through a wide range of solutions for the gradual replacement of obsolete vehicles with higher polluting emissions.

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May 4, 2021

Awesense launches digital clean energy marketplace

Renewables
Digitaltransformation
cleanenergy
Dominic Ellis
3 min
The Awesense Marketplace aims to provide a common framework for companies to collaborate towards the future of clean energy and digital transformation

Awesense has launched what it claims is the only energy-focused repository of solutions built to drive the industry's decarbonization agenda.

The Awesense Marketplace aims to provide a common framework for companies to collaborate towards the future of clean energy and digital transformation, uniting applications, solutions and algorithms to solve energy and grid challenges.

Solutions listed on the marketplace cover a range of cases, and launch companies include Doosan GridTech, Kitu Systems, vadiMAP, LO3 Energy, ENGIN, Utilidata, Clir Renewables, ChargeLab, SensorLink, Exeri, Easy SmartGrid, and Athena Power.

“We are welcoming a new era in the decarbonization of energy systems,” said Mischa Steiner, CEO of Awesense. “The goal of achieving a clean energy future requires collaboration amongst key industry players in the utilities and energy sectors. Sharing resources through the Marketplace means that our customers and partners have a truly seamless approach as we work towards our common goal - ultimately, decarbonizing the world’s energy system.”

Utilities, consulting companies, and other organizations struggle to develop solutions that can be scaled across many jurisdictions due to complex data integration and the lack of a standard, open data model. Using the solutions offered throughout the Marketplace, organizations can rapidly accelerate their transition to a decentralized, decarbonized future and develop solutions that are scalable across industry. The platform will open up new revenue streams in areas such as:

  • Distributed energy resource integration and control

  • Electric vehicle charging

  • Demand response and smart-home management

  • Grid services

  • Intelligent asset management

  • Transactive energy

  • Microgrid management

  • Advanced distribution system management

The new marketplace builds on Awesense's Digital Energy Platform, a digital twin based energy analytics platform that allows utilities to scale at the same pace as the rapidly changing technology landscape of the energy grid.

Together, the Open Energy Data Model and the Awesense Marketplace removes hurdles around data mapping and transformation, expedites data preparation and refining, and provides a common framework for companies to collaborate.

“The energy-specific data model allows utilities, technology companies, consulting firms, and other vendors to build solutions that can be easily integrated by other energy companies, to make a real impact on the industry as a whole, and develop new revenue streams for their organizations” said Steiner. “We’re looking forward to seeing the Awesense Marketplace grow as more partners committed to energy decarbonization join us.”

There are no simple solutions to putting the world on a sustainable path to net-zero emissions, according to the IEA. Reducing global CO2 emissions will require "a broad range of different technologies working across all sectors of the economy in various combinations and applications." it notes

Renewable Energy Hub of South Australia formed

Amp Power Australia has established the Renewable Energy Hub of South Australia, a strategic portfolio of large scale integrated Solar PV, Wind and Battery Energy Storage assets located in South Australia. The hub also includes the siting of the Spencer Gulf Hydrogen Energy Ecoplex, forming part of the South Australian Government's Hydrogen Action Plan. 

The portfolio, acquired from EPS, includes three large Solar PV projects totalling over 1.3 GW of generation, located at Robertstown (636 MW), Bungama (336MW) and Yoorndoo Ilga (388MW) with a total BESS capacity of up to 540MW across the portfolio.

Amp's expansion in Australia will include the implementation of Amp X, a proprietary digital energy platform 100% owned by Amp, which provides a diverse portfolio of disruptive and interoperable grid edge solutions, and includes a smart transformer, which enables real-time autonomous management and optimised dispatch of all forms of distributed generation and loads across the grid. 

Palmetto recently opened its marketplace in Arizona, and is now serving 20 states across the country, claiming its proprietary technology, marketplace business model, and consumer mobile application "are all designed to democratize access to clean energy".

 

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