Industry News

­Japan is scaling up offshore wind power at a rapid pace as part of its long-term decarbonization strategy. From a modest 59MW of capacity in 2020, the country’s offshore wind is projected to grow to 16.7GW by 2035, according to GlobalData, a leading data and analytics company. GlobalData’s

­Canada is advancing its clean energy transition with a strong focus on hydropower, wind, and solar, supported by federal and provincial policies aimed at achieving a net-zero electricity grid by 2050. The country has committed to phasing out coal-fired power by 2030, while accelerating deployment

­What if your next battery could be made from the same kinds of ingredients found in your body? That’s the idea behind a breakthrough battery material made from natural, biodegradable components. It’s so natural, it could even be consumed as food. A team of researchers at Texas

­Yokogawa Electric Corporation announces that it has signed agreements with Toyota Motor Corporation (Toyota) for research and development activities that will include prototype measurement and control equipment for a manned pressurized rover (nicknamed “Lunar Cruiser” by Toyota) that is being

­Today, Honeywell unveiled a new small-thrust-class engine, the HON1600, for the collaborative combat aircraft (CCA) and unmanned aircraft system (UAS) market during the annual Air, Space & Cyber Conference organized by the Air & Space Forces

­Empower Semiconductor, the world leader in powering AI-class processors, today announced the closing of more than $140M in Series D financing.  The investors, led by Fidelity Management & Research Company, include Maverick Silicon, CapitalG, Atreides Management, Socratic Partners, Walden

­Gridspertise, a technology company jointly controlled by Enel and CVC Capital Partners enabling grid modernization through intelligent solutions today announced the closing of the acquisition of Energyworx, a pioneer in cloud-based Energy Data Management solutions, headquartered in the Netherlands.

­re.venture has announced the development and construction of a large-scale battery storage park in Brandenburg, Germany. The project will be one of the largest commissioned battery plants in Germany. Covering an area of 1.5 hectares, it will have a capacity of 60 MW and a storage capacity

­Flex Power Modules, a leading provider of advanced power conversion solutions, announced it is partnering with Renesas to pioneer the next generation of board-mounted power management solutions for CPUs, GPUs, FPGAs, ASICs, and accelerator cards that support AI workloads. “By

­KPMG has recently released a report on “How AI is helping to improve energy efficiency and management in real estate.” It says that traditional retrofits are too slow and costly to deliver the scale of cuts required to reach net-zero goals of 2050, and instead points out that artificial