May 17, 2020

Siemens Exits Nuclear Energy Business for Renewables

Siemens
Germany
Nuclear
Energy
Admin
2 min
Following the Fukushima meltdown, Siemens has decided to end its nuclear energy business, focusing instead on renewables
The chapter is closed,” says Siemens CEO Peter Löscher in regard to the companys nuclear energy business. In response to the worlds...

 

“The chapter is closed,” says Siemens CEO Peter Löscher in regard to the company’s nuclear energy business.  In response to the world’s growing concern over the safety of nuclear power, German-based Siemens will exit the nuclear sector in greater pursuit of renewable energy.

Löscher attributes the company’s decision not only to the Fukushima incident, but more to the German response.  The country, led by German Chancellor Angela Merkel, has banned nuclear energy, strategically closing various reactors with a goal of a nuclear free Germany by 2022.  The country will instead look to renewable sources of energy to fill the power gap.  Considering that Siemens is a German company that has had a hand in developing all of Germany’s 17 nuclear reactors, it only makes sense to follow suit and ditch nuclear for renewables. 

SEE OTHER TOP STORIES IN THE WDM CONTENT NETWORK

No Radiation Leak in French Nuclear Waste Explosion

Iran's First Nuclear Power Plant Comes Online

Read the latest issue of Energy Digital!

"The chapter is closed for us," Löscher said. "We will no longer be involved in managing the building or financing of nuclear plants."

He adds that the decision is in response to “German society and politics' clear position on ending nuclear energy."

Siemens has had a difficult time in the nuclear energy sector this year following an order by an international tribunal demanding the company pay France’s Areva—the world leader in nuclear technology—€648 million ($927 million) for failing to meet contractual obligations in a joint venture that Siemens backed out of earlier this year.

DOWNLOAD THE ENERGY DIGITAL iPAD APP

The announcement will inevitably terminate a long-planned joint venture between Siemens and Russian nuclear firm Rosatom to construct 400 nuclear plants by 2030.  However, Löscher did express that he wishes to continue working with the firm in other market areas.

Löscher seems hopeful for the future of renewables and Siemens’ role in bringing these technologies to the forefront.  He states, "Germany's shift towards renewable energies is the project of the century."

 

 

Share article

Aug 4, 2021

Sungrow links Europe's largest energy storage plant to grid

Energy
energystorage
batteries
grids
Dominic Ellis
2 min
Europe's largest energy storage project, the 100MWh Minety plant with Sungrow's 1500V energy storage system solutions, has connected to the UK grid

Europe's largest energy storage project, the 100MW/100MWh Minety plant featuring Sungrow's 1500V energy storage system solutions, has been successfully connected to the UK grid.

The UK experienced the most debilitating blackout in nearly a decade in August 2019. The incident exposed the serious lack of frequency regulation of the national grid and demonstrated that the construction of energy storage projects that can regulate the frequency of the grid in a timely fashion should be prioritised. The Minety project, which began at the end of 2019, considerably mitigates the problem and is designed for facilitating grid stability and maximising renewable energy utilisation.

Sungrow supplied both NCM and LFP battery energy storage system solutions featuring high integration, which minimise the footprint, slash the commissioning duration and significantly reduce the system cost by 5%. The solution well meets the latest UK frequency regulation requirement called dynamic containment - requesting the plant to respond to the power instruction of the grid within 1 second, making the project one of the rare 30% of the UK's storage plants equipped with this function.

"We are proud of being part of this landmark project, offering solutions with extreme efficiency and safety while in compliance with the stringent UK grid codes," said James Wu, Vice President of Sungrow, which shipped more than 800MWh of energy storage systems in 2020.

Battery storage capacity in the UK is likely to heavily increase as move towards operating a zero-carbon energy system. At the end of 2019 the GB battery storage capacity was 0.88GWh. National Grid forecasts it could be as high as 2.30GWh in 2025.

Global energy storage updates

TEVOCS has announced the launch of a powerful series of universal portable power stations that provide reliable power for off-grid situations, travel, home backup and more. With an impressive 2080WH capacity and 2000W output, the TEVOCS power station is billed as 'the ultimate power station for modern life' and is available here.

Enlight Renewable Energy has completed the acquisition of 90.1% of the holdings in Clēnera LLC, a leading and seasoned company in the field of initiation, development, construction and operation of solar energy and energy storage projects in the United States.

Last month Canadian Solar Inc. was awarded the first utility-scale battery storage project in Colombia of 45 MW/45 MWh. The project was awarded in the public tender launched by Colombia's Ministry of Energy and Mines, via its affiliate UPME, the Mining and Energy Planning Unit. 

Share article