Solar Thermal Articles & Analysis

In 2023, renewable energy sources accounted for 45.3% of gross electricity consumption in the EU, a significant 4.1 percentage points (pp) increase from 2022. This marks the largest annual increase in the share of renewable energy in gross electricity consumption since the time series began in 2004. In addition, the annual increases in 2022 (3.5 pp) and 2020 (3.3 pp) were the second and third ...

By Smart Grid Observer

The European Bank for Reconstruction and Development (EBRD) is investing up to €105 million ($109.5 million) in a large-scale solar-thermal plant in Novi Sad, Serbia. The project is expected to reduce the district heating agency’s natural gas consumption by around ...

By pv magazine

Scientists have developed a multi-physics thermal model for panels with a natural convection cooling loop and tested it against experimental data. They have also experimented with varying the coolant channel thickness and different coolants. The highest measured electrical efficiency reached 15.45%. ...

By pv magazine

GlassPoint, the leader in decarbonizing industrial process heat, today unveiled the next phase of development for the GlassPoint Ma'aden Technology Showcase (GMTS) in partnership with the Ministry of Investment of Saudi Arabia (MISA). In addition, GlassPoint has partnered with Cox as its technical and delivery partner to build the GMTS, as well as several additional solar thermal projects ...

By GlassPoint Solar Inc.

A new report from Global Market Insights focused on the thermal energy storage (TES) market finds that the segment was valued at USD 47.5 billion in 2023 and is estimated to grow at a CAGR of 6.7% from 2024 to2032. The main driver for this is the growing adoption of renewable energy sources, such as solar and wind. Thermal energy storage systems help mitigate the intermittent nature of these ...

By Smart Grid Observer

The U.S. Department of Energy celebrated the groundbreaking of its Generation 3 concentrating solar-thermal pilot facility at Sandia National Laboratories. This demonstration is the culmination of a $100 million research effort to develop next-generation concentrating solar-thermal power (CSP) plants and showcase storage technology that could provide one gigawatt of storage for one hour at a ...

By Smart Grid Observer

Notice is given to the shareholders of Savosolar Plc to the Extraordinary General Meeting to be held on Friday, 25 November 2022 at 10:00 (EET) at Scandic Simonkenttä at the address Simonkatu 9, 00100 Helsinki, Finland. The reception of persons who have registered for the meeting and the distribution of voting tickets will commence at 9:30 (EET). A. Matters on the agenda of the General ...

By Savosolar Oyj

On 29 August 2022, Savosolar announced a conditional share exchange agreement under which Savosolar Plc will acquire all the shares of Meriaura Ltd. Savosolar releases Meriaura Ltd’s third quarter business review: Meriaura key figures and significant events in July-September 2022 Meriaura’s turnover in July-September was 20.4 million EUR (7-9/2021: EUR 13.6 million). Operating ...

By Savosolar Oyj

Savosolar Plc’s business review for January–September 2022 Key figures and significant events in January–September 2022 Savosolar’s revenue in January–September amounted to EUR 2.9 million (January–September 2021: EUR 2.2 million). Operating result (EBIT) in January–September amounted to EUR -3.5 million (EUR -3.2 million). Net result for the period ...

By Savosolar Oyj

Approximately 45.92 per cent of the warrants in Savosolar Plc’s Warrant Plan 2-2021 were used for subscription of shares Approximately 45.92 per cent of Savosolar Plc’s (“Savosolar” or the “Company”) warrants under Warrant Plan 2-2021 have been used for subscription of shares, raising approximately EUR 1.00 million. The Company will additionally decide based ...

By Savosolar Oyj

Green NortH2 Energy, Meriaura and Wärtsilä cooperate in building a cargo vessel that runs on green ammonia Green NortH2 Energy, Meriaura and Wärtsilä have signed a Letter of Intent for the building of a cargo vessel that runs on green ammonia. The vessel, equipped with Wärtsilä’s modular multifuel main engines, will be ordered and operated by Meriaura, and ...

By Savosolar Oyj

ESS Inc., a leading manufacturer of long-duration iron flow batteries for commercial and utility-scale energy storage applications, and the Sacramento Municipal Utility District (SMUD), the nation’s sixth-largest, community-owned, not-for-profit electric service provider, this wek announced an agreement to provide up to 200 megawatts / 2 gigawatt-hours of ESS’ environmentally safe and sustainable ...

By Smart Grid Observer

Subscription period for shares based on Savosolar Plc’s Warrant Plan 2-2021 starts on 12 September 2022 Savosolar Plc (“Savosolar” or the “Company”) carried out a rights issue during the period between 11 October 2021 and 27 October 2021, where warrants were issued to the subscribers free of charge (the “Warrant Plan 2-2021”). The share subscription ...

By Savosolar Oyj

Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrated solar energy technology, today provided its second quarter 2022 financial and operational results and reaffirmed its previously announced guidance for 2022. Second Quarter 2022 Highlights Finalized and executed a lease for Brenda Solar Energy Zone with U.S. Bureau of Land Management Announced ...

By Heliogen

With the passage of time and the rapid advancement of technology, it is necessary to take steps toward environmental sustainability. People now prefer renewable energy sources to conventional energy sources to safeguard the environment. The UK government has taken a good step toward environmental conservation by implementing the Feed-in-Tariff scheme. They have demonstrated to the rest of the ...

By JJ PV Solar Pvt Ltd.

Robert Cruickshank Associates (RCA) this week announced a breakthrough that creates energy opportunities for cable broadband operators: the first nationwide availability of standards-based Optimum Load Shaping (OLS) signals that enable operators to reduce electrical expenses and to take leading roles in boosting the efficiency of electric grids and microgrids, while accelerating the transition to ...

By Smart Grid Observer

The U.S. Department of Energy this week awarded nearly $40 million to 40 projects that are advancing the next generation of solar, storage, and industrial technologies necessary for achieving the Biden-Harris administration's climate goal of 100% clean electricity by 2035. Specifically, the projects will reduce the cost of solar technologies by increasing the lifespan of photovoltaic (PV) systems ...

By Smart Grid Observer

According to the report, The global solar energy market in 2019 was above USD 50 billion. The market is expected to grow around a CAGR of 20% and is anticipated to reach over USD 200 billion by 2026. A radiant energy generated by the sun is solar energy, harnessed by the use of various technologies such as photovoltaic cells, solar heating, solar architecture, solar thermal energy and others. It ...

By Facts & Factors Research

TVP’s innovative technology ‘Solar Thermal High Vacuum Flat Panels for Large-Scale Industrial Process Heat & District Heating’ has been awarded the “Solar Impulse Efficient Solution” Label, a proof of high standards in profitability and sustainability. The label was attributed the “Solar Impulse Efficient Solution” Label following an assessment ...

By TVP Solar SA

China Solar Thermal Electricity Conference was officially opened in Suqian, China on August 26, 2020. A two-day conference with more than 50 lectures and presentations, and a large number of experts in the field of solar thermal electricity gathered in Suqian to discuss the new opportunities, new ideas, new technologies and new developments in the solar thermal industry. This year’s ...

By Enesoon Holding Group Company (`Enesoon`)