IKEA and Rockefeller foundations pledge $ 1 billion for energy distribution – pv magazine usa

The IKEA Foundation and the Rockefeller Foundation will jointly create a $ 1 billion global platform to tackle climate change and energy poverty.

The platform aims to reduce 1 billion tonnes of greenhouse gas emissions and provide 1 billion people with distributed renewable energies.

In mid-June, the International Finance Corporation, the private sector arm of the World Bank Group, and the Rockefeller Foundation announced a partnership to deploy $ 150 million in blended capital to raise up to $ 2 billion. dollars of private sector investment in distributed renewables. energy. Both said they would prioritize countries in sub-Saharan Africa and other regions, where the two organizations identified immediate opportunities.

The new global platform aims to provide electricity to the 800 million people around the world who lack electricity.

The new global platform launched by IKEA and Rockefeller will oversee the organizations’ combined matching funds and aims to provide electricity to the 800 million people around the world who lack electricity, and an additional 2.8 billion who do not. do not have reliable access. It will be managed as a public charity to channel development funds to projects.

The Rockefeller Foundation will incubate the platform in RF Catalytic Capital Inc., which the foundation launched in 2020. This offers impact investors and governments a way to combine their resources and expand their global philanthropic reach.

Solar + storage = more

North Carolina State University and North Carolina Central University researchers said in a new journal that when an electrical system combines energy storage and solar energy production, the the end result is greater than the sum of its parts in terms of the system’s ability to handle peak energy demand.

“Our work suggests that solar power may offer more reliability benefits than sustainable energy skeptics suggest,” said Jeremiah Johnson, one of the researchers and associate professor of civil engineering, construction and environment at NC State.

For their work, the researchers examined the power system in North and South Carolina. With data on electricity demand and the mix of power generation sources, they built computer models to estimate how much energy a system could expect from different sources during times of energy demand. peak.

The models allowed them to vary the size of the solar farms in the system and the amount of energy stored in the system to determine how these changes might affect the overall reliability benefits during times of peak demand.

A system that combines solar power and energy storage can be used to deliver up to 40% more power.

They found that when a system combines solar power and energy storage, this combination can be used to deliver up to 40% more power during peak demand than production from each source has. was added alone.

“We have found that solar power generation reduces the peak load that would need to be met with stored energy and reduces the duration of that peak demand,” Johnson said. He said that indeed, a symbiotic relationship exists between technologies.

The article titled “The Symbiotic Relationship Between Solar Energy and Energy Storage to Provide Capacity Value” appears in the journal Renewable Energy.

Deployment of solar panels at the ISS

Two astronauts completed the Delayed deployment of a new ISS deployment solar array (iROSA) to the International Space Station.

In a second deployment effort on June 20, the astronauts unfolded the solar panel, bolted it in place, and connected cables to the station’s power supply to complete the deployment. They also removed and stowed the equipment in preparation for the release of a second iROSA from the flight support structure for installation. The pair will work on the second solar panel upgrade during another spacewalk, tentatively scheduled for June 25.

NASA is augmenting six of the space station’s eight existing power channels with new solar panels to ensure sufficient power is maintained for NASA’s exploration technology demonstrations for Artemis and beyond, as well as for use and marketing.

The full array deployment required two spacewalks after one of the astronauts encountered errors with his suit status display. After resetting the suit, the data stabilized, but the delay forced the two astronauts to return for the second spacewalk on June 20 to complete the deployment.

HVDC cable contract

SOO Green HVDC Link selected Prysmian Group in a $ 900 million contract to supply high voltage direct current cable systems for a planned 2,100 MW transmission project to be installed underground along existing railway rights-of-way.

The project would connect the Midwest Independent System Operator (MISO) serving the central United States to the PJM interconnect in the east, and provide renewable energy to distribution centers from Chicago to the mid-Atlantic region. .

Prysmian Group would supply a ± 525 kV class HVDC cable. Award is subject to contract finalization. The construction part of the project, currently being finalized, would be carried out by Jingoli Power and will add to the overall value of the contract. Prysmian will be responsible for the full turnkey contact.

The 350 mile long project will require 700 miles of ± 525 kV crosslinked polyethylene grade cables installed underground primarily along existing railway rights-of-way. The line is scheduled to connect the SOO Green converter station in northern Iowa to a converter station west of Chicago. Cable production is expected to begin in 2023 at the Prysmian facility in South Carolina, which will be upgraded to supply the high voltage cable.

SOO Green HVDC Link is owned by investment funds managed by Copenhagen Infrastructure Partners, Siemens Energy and Jingoli Power, and is developed by Direct Connect Development Co, based in Minneapolis.

JinkoSolar increases stake in polysilicon supplier

JinkoSolar Holding Co. stated that its subsidiary Shangrao JinkoSolar Industry Development Co. plans to increase capital and shares in Inner Mongolia Xinte Silicon Materials Co., a unit of Xinte Energy Co. The investment will be used to build a high purity polysilicon production line with an annual capacity of 100,000 tons. Once the capital increase is completed, JinkoSolar will hold a 9% stake in Inner Mongolia Xinte.

This content is protected by copyright and cannot be reused. If you would like to cooperate with us and wish to reuse some of our content, please contact: [email protected]

About Clara Barnard

Check Also

FIVE9, INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q)

You should read the following discussion in conjunction with the condensed consolidated financial statements and …