<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Energy Storage Archives • The Electricity Hub</title> <atom:link href="https://theelectricityhub.com/category/energy-storage/feed/" rel="self" type="application/rss+xml" /> <link>https://theelectricityhub.com/category/energy-storage/</link> <description>Collating and Disseminating Credible Power Industry Data and Information</description> <lastBuildDate>Tue, 11 Feb 2025 09:10:56 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.1</generator> <image> <url>https://theelectricityhub.com/wp-content/uploads/2020/11/cropped-NEH-32x32.png</url> <title>Energy Storage Archives • The Electricity Hub</title> <link>https://theelectricityhub.com/category/energy-storage/</link> <width>32</width> <height>32</height> </image> <item> <title>Major Polluters Miss U.N. Climate Target Deadline</title> <link>https://theelectricityhub.com/major-polluters-miss-u-n-climate-target-deadline/</link> <comments>https://theelectricityhub.com/major-polluters-miss-u-n-climate-target-deadline/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Tue, 11 Feb 2025 09:10:38 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Climate Change]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[On-Grid]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[Climate Action]]></category> <category><![CDATA[climate change]]></category> <category><![CDATA[European Union]]></category> <category><![CDATA[Paris Agreement]]></category> <category><![CDATA[Trump]]></category> <category><![CDATA[United Nations]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99826</guid> <description><![CDATA[<p>Several of the world’s largest polluters failed to meet a key U.N. deadline to submit updated climate targets, raising concerns about global climate efforts. Nearly 200 countries under the Paris… </p> <p>The post <a href="https://theelectricityhub.com/major-polluters-miss-u-n-climate-target-deadline/">Major Polluters Miss U.N. Climate Target Deadline</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Major polluting nations, including China, India, and the EU, missed the U.N. deadline to submit updated climate targets under the Paris Agreement.</li> <li class="">Despite global warming reaching 1.5°C for the first time in 2023, many countries have delayed action, raising concerns about achieving climate goals.</li> <li class="">U.S. President Donald Trump’s rollback of Biden-era climate policies and delayed plans from other key nations further hinder global efforts to curb emissions.</li> </ul> <p class="">Several of the world’s largest polluters failed to meet a key U.N. deadline to submit updated climate targets, raising concerns about global climate efforts. Nearly 200 countries under the <a href="https://www.reuters.com/business/environment/most-countries-miss-un-deadline-new-climate-targets-2025-02-10/">Paris Agreement</a> needed to present plans to cut <a href="https://theelectricityhub.com/?s=emissions">emissions</a> by 2035, but major economies like China, India, and the European Union did not meet the deadline of Monday, February 10.</p> <p class="">The 2015 Paris Climate Accord aims to limit global warming to 1.5 degrees Celsius above pre-industrial levels. In 2023, global temperatures reached that threshold for an entire year, marking the first time. Despite this, countries have made slow progress toward meeting the accord’s goals.</p> <p class="">“The public expects strong action, especially now that global warming has hit 1.5 degrees Celsius for an entire year,” said Bill Hare, CEO of Climate Analytics. “Yet, governments have delivered little of real substance.”</p> <p class="">Some countries, including the U.S., Britain, Brazil, Japan, and Canada, delivered new climate plans. However, U.S. President Donald Trump, who recently pulled the U.S. out of the Paris Agreement, plans to roll back Biden-era climate policies. Trump also paused federal clean energy investments, signalling a shift from previous commitments.</p> <p class="">U.N. climate chief Simon Stiell acknowledged the missed deadline but expressed optimism, explaining that many countries continue working on their plans. “Nations take this seriously, especially with $2 trillion invested globally in <a href="https://theelectricityhub.com/?s=clean+energy">clean energy</a> last year,” Stiell said. “Taking a bit more time to finalise these plans makes sense.”</p> <p class="">However, delays have raised concerns that climate action may lose momentum, notably after Trump reversed the U.S. climate policy stance. European Union climate chief Wopke Hoekstra explained that the bloc’s policymaking cycle did not align with the U.N. deadline but promised the EU’s plan would be ready for the COP30 summit in November.</p> <p class="">According to a government official, India, the world’s third-largest carbon emitter, has not completed the studies needed for its climate plan. China, the top emitter, stated it would release its plan “in due course.” Other major polluters, including Indonesia, Iran, Russia, and South Africa, have also failed to submit targets, offering no clear timeline for completion.</p> <p class="">Delays from these key nations set back global efforts to keep warming within safe limits. Experts warn that without more substantial commitments, the goal of preventing catastrophic <a href="https://theelectricityhub.com/?s=climate+impacts">climate impacts</a> remains at risk.</p> <p class="">In 2023, the world’s first breach of the 1.5-degree threshold signalled the urgent need for drastic emissions cuts. Despite the $2 trillion invested in clean energy last year, progress remains slow, with major polluting nations trailing behind. The missed U.N. deadline adds to growing concerns that political priorities have shifted away from urgent <a href="https://theelectricityhub.com/?s=climate+action">climate action</a>.</p> <p>The post <a href="https://theelectricityhub.com/major-polluters-miss-u-n-climate-target-deadline/">Major Polluters Miss U.N. Climate Target Deadline</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/major-polluters-miss-u-n-climate-target-deadline/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Indonesia targets 35% renewable energy by 2034 in its ambitious power plan</title> <link>https://theelectricityhub.com/indonesia-targets-35-renewable-energy-by-2034-in-its-ambitious-power-plan/</link> <comments>https://theelectricityhub.com/indonesia-targets-35-renewable-energy-by-2034-in-its-ambitious-power-plan/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Tue, 11 Feb 2025 08:21:08 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[energy development]]></category> <category><![CDATA[Energy mix]]></category> <category><![CDATA[Energy transition]]></category> <category><![CDATA[gas power capacity]]></category> <category><![CDATA[Indonesia]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99822</guid> <description><![CDATA[<p>On Tuesday, February 11, Indonesia’s government announced that it plans to increase its share of renewable energy in electricity supply over the next decade, prioritising solar, hydro, and geothermal power.… </p> <p>The post <a href="https://theelectricityhub.com/indonesia-targets-35-renewable-energy-by-2034-in-its-ambitious-power-plan/">Indonesia targets 35% renewable energy by 2034 in its ambitious power plan</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Indonesia plans to increase its renewable energy share to 35% by 2034, with 70% of new electricity capacity from renewables.</li> <li class="">The new plan includes 17 GW of solar, 16 GW of hydro, and 5 GW of geothermal power while adding 5 GW of coal capacity.</li> <li class="">During the renewable energy transition, Indonesia continues to build 15 GW of gas power to support demand, especially in Java.</li> </ul> <p class="">On Tuesday, February 11, <a href="https://www.reuters.com/world/asia-pacific/indonesia-plans-boost-renewable-usage-new-electricity-supply-plan-2025-02-11/">Indonesia’s government</a> announced that it plans to increase its share of renewable energy in electricity supply over the next decade, prioritising solar, hydro, and geothermal power.</p> <p class="">The new electricity plan, Rencana Umum Penyediaan Tenaga Listrik (RUPTL), will replace the 2021-2030 version. This revised plan targets 71 gigawatts (GW) of new capacity, with 70% coming from renewable sources—the previous plan aimed for 52% from renewables. Kartika Wirjoatmodjo, deputy State-Owned Enterprise Minister, said the country will raise the share of renewables in its <a href="https://theelectricityhub.com/?s=energy+mix">energy mix</a> from around 12% to 35% by 2034.</p> <p class="">Speaking at a business forum in Jakarta, Wirjoatmodjo outlined the new plan. It includes 17 GW of solar power with battery storage support, 16 GW of hydropower, and 5 GW of geothermal energy. Wind and bioenergy will also contribute.</p> <p class="">Despite the renewable push, Indonesia will still proceed with some coal projects. Around 5 GW of new coal capacity will come online by 2034. Wirjoatmodjo explained that these projects continue with the previous plan and remain necessary for the <a href="https://theelectricityhub.com/?s=energy+transition">energy transition</a>.</p> <p class="">Indonesia banned new coal power plants in 2022. However, the government allows projects already in progress or linked to the natural resources processing industry as long as they include an emission reduction plan.</p> <p class="">The country also plans to build 15 GW of <a href="https://theelectricityhub.com/?s=gas+power+capacity">gas power capacity</a> by 2034. This will help meet demand, particularly in Java, and maintain base load capacity as renewable sources scale up.</p> <p class="">The government is finalising discussions on the new RUPTL with the state utility, Perusahaan Listrik Negara (PLN). Once complete, the plan will guide Indonesia’s <a href="https://theelectricityhub.com/?s=energy+development">energy development</a> for the next decade.</p> <p class="">Indonesia’s renewable energy push aligns with global efforts to reduce reliance on fossil fuels and cut carbon emissions. As one of the world’s largest coal producers, the country aims to shift to a cleaner energy mix. The new plan reflects its commitment to balancing economic growth with environmental sustainability.</p> <p class="">Renewable energy advocates support the plan, viewing it as a step toward reducing Indonesia’s carbon footprint. However, some critics argue the continued reliance on coal and gas may slow the transition to a fully renewable energy system.</p> <p class="">Overall, the new electricity plan significantly shifts Indonesia’s energy strategy. The country is setting a course for a more sustainable energy future by increasing the focus on renewables, especially solar and hydro. Though challenges remain, the plan outlines a clear path to boost the share of <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a> and reduce dependence on coal.</p> <p>The post <a href="https://theelectricityhub.com/indonesia-targets-35-renewable-energy-by-2034-in-its-ambitious-power-plan/">Indonesia targets 35% renewable energy by 2034 in its ambitious power plan</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/indonesia-targets-35-renewable-energy-by-2034-in-its-ambitious-power-plan/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Trump’s Pro-Fossil Fuel Push Fails to Deter U.S. Energy Transition</title> <link>https://theelectricityhub.com/trumps-pro-fossil-fuel-push-fails-to-deter-u-s-energy-transition/</link> <comments>https://theelectricityhub.com/trumps-pro-fossil-fuel-push-fails-to-deter-u-s-energy-transition/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Mon, 10 Feb 2025 12:01:55 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[America]]></category> <category><![CDATA[Carbon Neutrality]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[Energy transition]]></category> <category><![CDATA[Fossil Fuels]]></category> <category><![CDATA[Green Energy]]></category> <category><![CDATA[sustainability goals]]></category> <category><![CDATA[Trump]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99789</guid> <description><![CDATA[<p>Donald Trump’s return to the presidency brings renewed attention to fossil fuels. On his first day in office, Trump signed orders to boost domestic oil production and confirmed the U.S.… </p> <p>The post <a href="https://theelectricityhub.com/trumps-pro-fossil-fuel-push-fails-to-deter-u-s-energy-transition/">Trump’s Pro-Fossil Fuel Push Fails to Deter U.S. Energy Transition</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Major U.S. companies remain committed to renewable energy despite Trump’s pro-fossil fuel policies.</li> <li class="">Market demand and investor pressure drive clean energy initiatives, keeping energy transition plans intact.</li> <li class="">U.S. banks continue investing in renewables after exiting the Net-Zero Banking Alliance.</li> </ul> <p class=""><a href="https://energynews.pro/en/u-s-companies-maintain-their-energy-transition-despite-trump/">Donald Trump’s</a> return to the presidency brings renewed attention to fossil fuels. On his first day in office, Trump signed orders to boost domestic oil production and confirmed the U.S. withdrawal from the Paris Agreement. These actions raised concerns about the future of America’s <a href="https://theelectricityhub.com/?s=clean+energy">clean energy</a> plans.</p> <p class="">However, major U.S. companies continue to commit to <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a>. Thierry Laborde, Deputy CEO of BNP Paribas, stated that North American companies will not reverse their energy transition plans. “Their transition plans are in place, and they will continue,” he said on France Inter. Large industrial and financial groups integrated long-term energy strategies, and government policies do not seem to change that.</p> <p class="">Market demand and investor pressure drive this commitment. Companies are adapting to regulations promoting emissions reductions in the U.S. and globally. The pressure to reduce carbon footprints persists, regardless of changes in U.S. leadership.</p> <p class="">Meanwhile, six central U.S. banks—Goldman Sachs, Wells Fargo, Citi, Bank of America, Morgan Stanley, and JPMorgan Chase—recently exited the United Nations’ Net-Zero Banking Alliance (NZBA). This program encouraged banks to pursue <a href="https://theelectricityhub.com/?s=carbon+neutrality">carbon neutrality</a>. Their exit sparked concerns about a potential resurgence of fossil fuel financing.</p> <p class="">Yet experts believe these banks will continue funding renewable energy projects. Laborde highlighted that “they are still massively funding <a href="https://theelectricityhub.com/?s=green+energy">green energy</a>,” pointing to the sector’s rising profitability. Despite leaving the NZBA, these financial institutions remain heavily invested in renewables due to the growing demand for cleaner energy.</p> <p class="">The renewable energy market thrives even amid political uncertainty. In 2024, global investments in renewables reached $2 trillion, according to UN Climate estimates. U.S. energy companies diversify their energy sources to reduce reliance on unpredictable hydrocarbon prices.</p> <p class="">This shift reflects a broader transformation in the global energy market. U.S. companies invest in fossil fuels and renewables to maintain competitiveness in a world moving toward cleaner energy. Even as Trump’s policies favour fossil fuels, the <a href="https://theelectricityhub.com/?s=energy+transition">energy transition</a> stays intact, driven by economic and industrial factors.</p> <p class="">U.S. companies actively position themselves as leaders in traditional and renewable energy markets as the energy sector evolves. Trump’s policies may slow government-led initiatives, but private corporations remain focused on long-term <a href="https://theelectricityhub.com/?s=sustainability+goals">sustainability goals</a>.</p> <p class="">In conclusion, Trump’s return to office will not derail the energy transition in the U.S. Major corporations and financial institutions continue pursuing clean energy, spurred by market forces, investor pressure, and global regulations. The U.S. energy market diversifies rapidly, with renewables becoming a key player. Despite political shifts, the nation’s energy transition remains strong.</p> <p>The post <a href="https://theelectricityhub.com/trumps-pro-fossil-fuel-push-fails-to-deter-u-s-energy-transition/">Trump’s Pro-Fossil Fuel Push Fails to Deter U.S. Energy Transition</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/trumps-pro-fossil-fuel-push-fails-to-deter-u-s-energy-transition/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Everlectric Secures Funding to Accelerate EV Fleet Revolution in South Africa</title> <link>https://theelectricityhub.com/everlectric-secures-funding-to-accelerate-ev-fleet-revolution-in-south-africa/</link> <comments>https://theelectricityhub.com/everlectric-secures-funding-to-accelerate-ev-fleet-revolution-in-south-africa/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Mon, 10 Feb 2025 10:32:17 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Distribution]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[News]]></category> <category><![CDATA[On-Grid]]></category> <category><![CDATA[Southern Africa]]></category> <category><![CDATA[Sustainable Transport]]></category> <category><![CDATA[Electric Vehicles]]></category> <category><![CDATA[Everlectric]]></category> <category><![CDATA[IEA]]></category> <category><![CDATA[South Africa]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99776</guid> <description><![CDATA[<p>South Africa’s electric vehicle (EV) market is growing rapidly as the country shifts toward sustainable transportation. The International Energy Agency (IEA) reported that global EV stock exceeded 16 million in… </p> <p>The post <a href="https://theelectricityhub.com/everlectric-secures-funding-to-accelerate-ev-fleet-revolution-in-south-africa/">Everlectric Secures Funding to Accelerate EV Fleet Revolution in South Africa</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Everlectric secures venture debt funding from Vumela Fund to expand its EV fleet leasing services for businesses in South Africa.</li> <li class="">Record NEV sales in South Africa increased by 88% in 2024, reflecting the growing demand for electric vehicles in logistics and transport.</li> <li class="">Comprehensive EV leasing service includes BEV panel vans, charging infrastructure, and fleet management, simplifying the transition to electric vehicles for businesses.</li> </ul> <p class="">South Africa’s electric vehicle (EV) market is growing rapidly as the country shifts toward <a href="https://theelectricityhub.com/?s=sustainable+transportation">sustainable transportation</a>. The International Energy Agency (<a href="https://www.bizcommunity.com/article/innovative-startup-secures-funding-to-boost-growth-and-drive-ev-adoption-in-south-africa-810423a">IEA</a>) reported that global EV stock exceeded 16 million in 2022, a 60% jump from the previous year. The surge continued with a 35% rise in 2023 and another 25% in 2024. The National Association of Automobile Manufacturers of South Africa (Naamsa) highlighted 2023 as a record year for New Energy Vehicle (NEV) sales, with an 88% increase in the third quarter of 2024 compared to the same period in 2023.</p> <p class="">Electric, a Pretoria-based startup, capitalises on this demand by leasing commercial battery electric vehicle (BEV) panel vans to businesses, focusing on logistics service providers. The company offers a sustainable, cost-effective solution leveraging advanced technology to meet market needs.</p> <p class="">To accelerate its growth, Everlectric secured venture debt funding from the Vumela Fund, a partnership between FNB Business Banking and Edge Growth, established in 2010. Vumela provides growth capital to black-owned small and medium enterprises (SMEs). This venture debt model enables scale-ups to secure funding without sacrificing equity, helping them grow between investment rounds.</p> <p class="">“We partnered with Vumela at the perfect time to drive our expansion,” said Ndia Magadagela, co-founder of Electric. “This funding will help us meet our goals and strengthen our position in the market.”</p> <p class="">Edge Growth’s Investment Principal, Philippa Lloys Ellis, commended Everlectric’s innovative solution for simplifying the transition to EV fleets in South Africa. “Electric addresses the key barriers to EV adoption, and we believe they will unlock significant growth in this market,” she said.</p> <p class="">FNB’s Investment Capital Head and Vumela Trustee, Mike Sage, emphasised the financial benefits of switching to electricity over fuel. “Transitioning to electricity stabilises operating costs and offers a long-term, sustainable solution for businesses,” Sage noted.</p> <p class="">Magadagela co-founded Everlectric with Paul Plummer and Wesley van der Walt. The company provides a comprehensive service, including leasing internationally manufactured BEV panel vans, access to a charging infrastructure network, and an innovative platform for fleet management. Their service reduces range anxiety and charging concerns, helping businesses easily transition to EVs.</p> <p class="">A prominent South African retail company has already integrated Everlectric’s vehicles into its delivery fleet, reflecting its commitment to reducing carbon emissions.</p> <p class="">With the venture debt funding, Everlectric aims to expand its operations and prove that EVs are a commercially viable option for South African businesses. Their solution breaks misconceptions about EV adoption and leads the country’s shift to cleaner, more sustainable transportation.</p> <p class="">As the EV market grows, Everlectric stands ready to meet the rising demand and support businesses adopting electric fleets. Backed by a strong management team, innovative solutions, and robust financial support, Everlectric is poised to reshape South Africa’s transportation landscape.</p> <p>The post <a href="https://theelectricityhub.com/everlectric-secures-funding-to-accelerate-ev-fleet-revolution-in-south-africa/">Everlectric Secures Funding to Accelerate EV Fleet Revolution in South Africa</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/everlectric-secures-funding-to-accelerate-ev-fleet-revolution-in-south-africa/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>It Makes No Sense to Keep Importing Fuel in Nigeria – Dan Kunle</title> <link>https://theelectricityhub.com/energy-expert-dan-kunle-demands-end-to-fuel-imports-backs-dangote-refinery/</link> <comments>https://theelectricityhub.com/energy-expert-dan-kunle-demands-end-to-fuel-imports-backs-dangote-refinery/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Mon, 10 Feb 2025 09:37:24 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Distribution]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[News]]></category> <category><![CDATA[On-Grid]]></category> <category><![CDATA[West Africa]]></category> <category><![CDATA[Dan Kunle]]></category> <category><![CDATA[Dangote refinery]]></category> <category><![CDATA[Energy independence]]></category> <category><![CDATA[Energy Security]]></category> <category><![CDATA[Nigeria]]></category> <category><![CDATA[NMDPRA]]></category> <category><![CDATA[NNPC]]></category> <category><![CDATA[petroleum market]]></category> <category><![CDATA[Transition plan]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99773</guid> <description><![CDATA[<p>Energy expert Dan Kunle has slammed the Nigerian National Petroleum Corporation (NNPC) Limited and marketers for continuing to import petrol and diesel, even though the Dangote Refinery can meet local… </p> <p>The post <a href="https://theelectricityhub.com/energy-expert-dan-kunle-demands-end-to-fuel-imports-backs-dangote-refinery/">It Makes No Sense to Keep Importing Fuel in Nigeria – Dan Kunle</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Dan Kunle criticises NNPC for continuing petrol and diesel imports despite Dangote Refinery’s capacity to meet local demand.</li> <li class="">Calls for President Tinubu’s intervention, urging a transition to self-sufficiency and prioritising local refining.</li> <li class="">Warns of economic harm if Nigeria continues to rely on fuel imports, jeopardising future investments and energy security.</li> </ul> <p class="">Energy expert Dan Kunle has slammed the Nigerian National Petroleum Corporation (<a href="https://www.vanguardngr.com/2025/02/energy-expert-urges-tinubu-to-end-petrol-import-prioritise-local-refining/">NNPC</a>) Limited and marketers for continuing to import petrol and diesel, even though the Dangote Refinery can meet local demand. He criticised the ongoing imports, pointing out that the country spent N5.5 trillion on fuel imports in just four months.</p> <p class="">Speaking on Arise TV, Kunle compared the current import surge to the infamous 1970s “Cement Armada” scandal, where excessive imports overwhelmed Nigeria’s ports during the oil boom. He expressed frustration over the government’s failure to enforce policies that would boost local refining.</p> <p class="">Kunle reminded viewers of the Federal Executive Council’s (FEC) decision in October 2024 to allocate local crude oil to domestic refineries, especially the <a href="https://theelectricityhub.com/?s=Dangote+Refinery">Dangote Refinery</a>. He expected this move to curb imports, but the situation remains unchanged, with fuel imports still flowing into the market at an alarming rate.</p> <p class="">“I anticipated a shift after the FEC’s decision, particularly with Dangote refining 550,000 barrels daily. Instead, imports keep flooding the market, which makes no sense,” Kunle stated. He questioned whether certain players aimed to flood the market with substandard fuel or sabotage the Dangote Refinery’s operations.</p> <p class="">He condemned the push for continued imports, especially when countries like the United States protect local industries to stimulate their economies. Kunle urged President Bola Tinubu to demand a clear timetable from regulatory agencies to end fuel imports and focus on achieving self-sufficiency.</p> <p class="">“Dangote Refinery stands as a strategic national asset,” Kunle asserted. “The government needs to intervene immediately and clear the roadblocks. Treating an investment like Dangote’s as a threat will scare off future investors.”</p> <p class="">Kunle pressed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for a concrete <a href="https://theelectricityhub.com/?s=transition+plan">transition plan</a>. With the Dangote Refinery’s refining capacity and the revival of the Port Harcourt and Warri refineries, Nigeria should shift from being an importer to a net exporter of refined petroleum products.</p> <p class="">He warned that maintaining high import levels would threaten Nigeria’s energy security and economic stability. “We must end this import racket now,” Kunle urged.</p> <p class="">The expert called on the government to take swift action to prevent further economic damage. He argued that ignoring the Dangote Refinery’s potential would deter future investments and slow Nigeria’s progress toward <a href="https://theelectricityhub.com/?s=energy+independence">energy independence</a>.</p> <p class="">In conclusion, Kunle appealed to President Tinubu to enforce policies prioritising local refining. He insisted that failure to do so would harm the economy and undermine Nigeria’s position as a potential leader in the global <a href="https://theelectricityhub.com/?s=petroleum+market">petroleum market</a>.</p> <p>The post <a href="https://theelectricityhub.com/energy-expert-dan-kunle-demands-end-to-fuel-imports-backs-dangote-refinery/">It Makes No Sense to Keep Importing Fuel in Nigeria – Dan Kunle</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/energy-expert-dan-kunle-demands-end-to-fuel-imports-backs-dangote-refinery/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Nigerian Manufacturers Criticise Power Tariff Hikes</title> <link>https://theelectricityhub.com/man-demands-power-supply-boost-criticises-tariff-hikes/</link> <comments>https://theelectricityhub.com/man-demands-power-supply-boost-criticises-tariff-hikes/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Mon, 10 Feb 2025 09:20:06 +0000</pubDate> <category><![CDATA[Distribution]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Prospects & Challenge]]></category> <category><![CDATA[Rural Electrification]]></category> <category><![CDATA[West Africa]]></category> <category><![CDATA[economic growth]]></category> <category><![CDATA[Electricity supply]]></category> <category><![CDATA[Electricity Tariffs]]></category> <category><![CDATA[Energy Demands]]></category> <category><![CDATA[fuel inflation]]></category> <category><![CDATA[MAN]]></category> <category><![CDATA[Nigeria]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99770</guid> <description><![CDATA[<p>The Manufacturers Association of Nigeria (MAN) has urged the government to increase the electricity supply, which currently averages 4,000 megawatts (MW) per day. MAN’s Director-General, Segun Ajayi-Kadir, criticised the proposed… </p> <p>The post <a href="https://theelectricityhub.com/man-demands-power-supply-boost-criticises-tariff-hikes/">Nigerian Manufacturers Criticise Power Tariff Hikes</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">MAN urges the government to increase Nigeria’s power supply from the current 4,000MW to meet growing demand.</li> <li class="">Director-General Segun Ajayi-Kadir criticises frequent electricity tariff hikes, stating they harm businesses and the economy.</li> <li class="">MAN warns that higher tariffs will raise production costs, worsen inflation, and threaten jobs in the manufacturing sector.</li> </ul> <p class="">The Manufacturers Association of Nigeria (MAN) has urged the government to increase the electricity supply, which currently averages 4,000 megawatts (MW) per day. MAN’s Director-General, <a href="https://www.msn.com/en-us/money/markets/man-advocates-increase-in-electricity-supply-in-nigeria/ar-AA1yE41a?ocid=BingNewsVerp">Segun Ajayi-Kadir</a>, criticised the proposed tariff hike, stressing that power directly drives manufacturing and impacts production costs.</p> <p class="">Ajayi-Kadir criticised frequent electricity tariff hikes, stating they slow down the manufacturing sector and weaken the economy. He emphasised that affordable energy is crucial for boosting industrial output and maintaining global competitiveness.</p> <p class="">He explained that the government privatised the power sector in 2013 to improve energy supply, especially for industries. However, privatisation has failed to deliver the expected results. According to Ajayi-Kadir, operators lack the technical and financial capacities to provide consistent electricity nationwide.</p> <p class="">Despite Nigeria’s 10,000MW installed capacity, the system cannot fully utilise it. Ajayi-Kadir noted that generation and distribution companies struggle to meet demand. Meanwhile, <a href="https://theelectricityhub.com/?s=tariffs">tariffs</a> keep rising, but supply remains poor, frustrating consumers and businesses alike.</p> <p class="">Ajayi-Kadir cited data from the National Bureau of Statistics (NBS), showing a drop in <a href="https://theelectricityhub.com/?s=electricity+supply">electricity supply</a>. Supply reached 5,909.83 gigawatt hours (GWh) in Q2 2023 but fell to 5,612.52 GWh in Q2 2024 after a tariff increase of over 230%. This marked a 5.03% year-on-year decrease and a 2.72% quarterly decline.</p> <p class="">Ajayi-Kadir reiterated MAN’s long-standing call to increase power beyond the current 4,000MW average. With a population of over 200 million, Nigeria needs at least 30,000MW to meet the growing energy demands of households and businesses.</p> <p class="">The Director-General warned that the proposed tariff hike would damage Nigerian businesses. Rising production costs would fuel inflation, reduce disposable incomes, and increase unemployment. He also cautioned that more business closures would result, threatening the competitiveness of Nigerian products.</p> <p class="">Ajayi-Kadir urged the government to prioritise improving the electricity supply to support industries and boost economic growth.</p> <p>The post <a href="https://theelectricityhub.com/man-demands-power-supply-boost-criticises-tariff-hikes/">Nigerian Manufacturers Criticise Power Tariff Hikes</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/man-demands-power-supply-boost-criticises-tariff-hikes/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>US Energy Storage Platform, Tyba Secures $13.9 Million</title> <link>https://theelectricityhub.com/tyba-secures-13-9m-to-revolutionise-ai-driven-energy-storage/</link> <comments>https://theelectricityhub.com/tyba-secures-13-9m-to-revolutionise-ai-driven-energy-storage/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Sun, 09 Feb 2025 15:34:07 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[Metering]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Energize Capital]]></category> <category><![CDATA[Energy transition]]></category> <category><![CDATA[renewable energy mix]]></category> <category><![CDATA[Series A]]></category> <category><![CDATA[Tyba]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99750</guid> <description><![CDATA[<p>Tyba, a platform focused on energy storage optimisation, raised $13.9 million in a Series A funding round led by Energize Capital. The investment will help Tyba enhance its AI technology… </p> <p>The post <a href="https://theelectricityhub.com/tyba-secures-13-9m-to-revolutionise-ai-driven-energy-storage/">US Energy Storage Platform, Tyba Secures $13.9 Million</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Tyba raised $13.9 million in Series A funding, led by Energize Capital, to enhance its AI-powered energy storage optimisation platform.</li> <li class="">The platform helps battery operators maximise profits and maintain grid stability by automating energy storage and deployment decisions.</li> <li class="">Tyba partners with significant energy firms and has modelled over 100 GW of projects, securing over $1 billion in funding.</li> </ul> <p class="">Tyba, a platform focused on energy storage optimisation, raised $13.9 million in a <a href="https://energynews.pro/en/tyba-raises-13-9-million-to-optimize-energy-storage-profitability/">Series A</a> funding round led by Energize Capital. The investment will help Tyba enhance its AI technology and increase energy storage profitability.</p> <p class="">This new funding increases Tyba’s total capital to $18.15 million. Pear VC, Mobilize Climate Capital, Borusan Ventures, and existing backers like Powerhouse, Wireframe, Virta, and Lorimer also contributed. Using this fresh capital, Tyba aims to accelerate the development of its AI-based optimisation and forecasting tools.</p> <p class="">Energy storage capacity has rapidly grown, now nearing 30 GW in the U.S. Battery operators face increasing complexities in <a href="https://theelectricityhub.com/?s=electricity+markets">electricity markets</a> and require advanced tools to maximise profits and stabilise the grid. Fluctuations in demand and changing pricing structures further complicate operations. Tyba’s platform automates storage and energy deployment decisions based on market opportunities, allowing operators to increase asset profitability through forecasting algorithms and bid management without needing constant supervision.</p> <p class="">Tyba partners with significant energy firms, including TotalEnergies. Its Asset Operations tool simplifies portfolio management by reducing operational constraints. Additionally, Tyba’s Project Simulation tool has modelled over 100 GW of projects and secured over $1 billion in funding.</p> <p class="">Energy storage is becoming more vital, especially in volatile grids like those in Texas and California, and effective battery management plays a key role in performance. Tyba ranks among the top 5% of storage assets in terms of performance. It tripled its customer base over the last year and aims to continue expanding.</p> <p class="">This new funding will allow Tyba to grow its market presence and offer more advanced tools to meet the rising demand for energy storage optimisation. Tyba focuses on AI-powered solutions to support the global shift towards <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a>. As energy markets grow more complex, efficient energy storage management becomes essential for energy players seeking to navigate these challenges.</p> <p class="">The rise in energy demand and the transition to a <a href="https://theelectricityhub.com/?s=renewable+energy+mix">renewable energy mix</a> increase the need for optimised storage solutions. Tyba equips operators with the tools to manage these evolving complexities. Tyba helps operators maximise revenues while maintaining grid stability by delivering AI-driven insights and automating energy management.</p> <p class="">Tyba’s partnerships with leading energy companies highlight the effectiveness of its platform. The company’s ability to secure significant funding demonstrates the importance of energy storage in supporting the <a href="https://theelectricityhub.com/?s=renewable+energy+transition">renewable energy transition</a>.</p> <p class="">With its AI-driven platform and expanding customer base, Tyba positions itself as a key player in the <a href="https://theelectricityhub.com/?s=energy+storage+sector">energy storage sector</a>. The new funding will enable Tyba to continue developing advanced technology and solidify its leadership in the industry, supporting the growing need for efficient energy storage solutions.</p> <p>The post <a href="https://theelectricityhub.com/tyba-secures-13-9m-to-revolutionise-ai-driven-energy-storage/">US Energy Storage Platform, Tyba Secures $13.9 Million</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/tyba-secures-13-9m-to-revolutionise-ai-driven-energy-storage/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Thailand Cuts Power to Myanmar Over Crime Ties</title> <link>https://theelectricityhub.com/thailand-cuts-power-to-myanmar-over-crime-ties/</link> <comments>https://theelectricityhub.com/thailand-cuts-power-to-myanmar-over-crime-ties/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Sun, 09 Feb 2025 15:20:30 +0000</pubDate> <category><![CDATA[Distribution]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[Metering]]></category> <category><![CDATA[News]]></category> <category><![CDATA[On-Grid]]></category> <category><![CDATA[Prospects & Challenge]]></category> <category><![CDATA[electricity]]></category> <category><![CDATA[Energy Security]]></category> <category><![CDATA[government]]></category> <category><![CDATA[Myanmar]]></category> <category><![CDATA[Thailand]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99747</guid> <description><![CDATA[<p>Thailand halted electricity supply to five Myanmar border towns, citing misuse for illegal activities, causing a monthly loss of $1.5 million. The decision, aimed at stopping cross-border crime, could disrupt… </p> <p>The post <a href="https://theelectricityhub.com/thailand-cuts-power-to-myanmar-over-crime-ties/">Thailand Cuts Power to Myanmar Over Crime Ties</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Thailand halts electricity exports to five Myanmar border towns, citing misuse for illegal activities, causing a $1.5 million monthly loss.</li> <li class="">The power cut disrupts cross-border energy trade and is a concern for future regional energy cooperation.</li> <li class="">Myanmar’s reliance on imported electricity highlights vulnerabilities as the halt could impact local infrastructure and broader energy security.</li> </ul> <p class="">Thailand halted electricity supply to five <a href="https://energynews.pro/en/thailand-cuts-electricity-supply-to-myanmar-impact-on-energy-flows/">Myanmar</a> border towns, citing misuse for illegal activities, causing a monthly loss of $1.5 million. The decision, aimed at stopping cross-border crime, could disrupt future energy trade between the two countries.</p> <p class="">Interior Minister Anutin Charnvirakul announced the power cut, affecting towns like Mae Sai, Mae Sot, and the Three Pagodas Pass. Thai authorities claim these areas host online scam centres run by criminal networks. Thailand exported about 50 million baht of electricity each month to these locations, equating to $1.5 million in revenue.</p> <p class="">The power cut raises concerns about the stability of cross-border energy deals, part of a larger regional energy cooperation plan. While no official contract breach exists, the Thai government expressed frustration over the misuse of its resources. Officials explained that criminal networks diverted the electricity, prompting the government to act decisively.</p> <p class="">This move coincides with Prime Minister Paetongtarn Shinawatra’s visit to China, where leaders discuss ways to tackle online scams. China monitors the situation closely, concerned about its nationals’ involvement in these operations. The power cut may affect Sino-Thai relations, particularly in trade and tourism, as China plays a significant role in these sectors.</p> <p class="">Myanmar depends on energy imports to power key infrastructure in its border regions. The sudden halt could disrupt local services and worsen existing <a href="https://theelectricityhub.com/?s=energy+security">energy security</a> challenges. Thailand’s decision highlights how energy trade intersects with security concerns in Southeast Asia. It also shows how quickly geopolitical issues can influence economic and trade relationships.</p> <p class="">The targeted suspension could affect broader regional energy cooperation. Cross-border power distribution, a cornerstone of Southeast Asia’s energy trade, may face disruption as operators reassess their commitments. Thailand’s action underscores the vulnerability of regional energy trade to national security decisions.</p> <p class="">While the suspension targets specific crime-linked areas, it may strain Thailand’s overall energy relationship with Myanmar. Myanmar’s dependence on imported electricity exposes risks associated with relying on a single supplier. If Thailand takes further action, Myanmar may need to seek alternative energy sources or reconsider its infrastructure planning.</p> <p class="">Thailand’s decision emphasises the complex link between energy trade and security. As Southeast Asian nations expand regional energy cooperation, actions like this could force a reevaluation of existing energy agreements. Governments and energy operators may confront tough decisions balancing economic interests with security concerns.</p> <p class="">The full impact of Thailand’s power suspension on Myanmar remains unclear, but it signals Thailand’s determination to protect its <a href="https://theelectricityhub.com/?s=energy+resources">energy resources</a>. The ripple effects will likely extend beyond energy, influencing broader regional political and economic relations.</p> <p>The post <a href="https://theelectricityhub.com/thailand-cuts-power-to-myanmar-over-crime-ties/">Thailand Cuts Power to Myanmar Over Crime Ties</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/thailand-cuts-power-to-myanmar-over-crime-ties/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Canada Fights Tariffs to Safeguard North American Energy</title> <link>https://theelectricityhub.com/99741-2canada-fights-tariffs-to-safeguard-north-american-energy/</link> <comments>https://theelectricityhub.com/99741-2canada-fights-tariffs-to-safeguard-north-american-energy/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Sun, 09 Feb 2025 15:18:23 +0000</pubDate> <category><![CDATA[Distribution]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[Metering]]></category> <category><![CDATA[News]]></category> <category><![CDATA[On-Grid]]></category> <category><![CDATA[Prospects & Challenge]]></category> <category><![CDATA[canada]]></category> <category><![CDATA[energy demand]]></category> <category><![CDATA[energy markets]]></category> <category><![CDATA[Energy Security]]></category> <category><![CDATA[North America]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99741</guid> <description><![CDATA[<p>Canada’s Minister of Energy and Natural Resources, Jonathan Wilkinson, travelled to Washington to discuss avoiding tariffs and strengthening North American energy security. He focused on the risks of tariffs raising… </p> <p>The post <a href="https://theelectricityhub.com/99741-2canada-fights-tariffs-to-safeguard-north-american-energy/">Canada Fights Tariffs to Safeguard North American Energy</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Canada’s Energy Minister, Jonathan Wilkinson, met with U.S. lawmakers and industry leaders in Washington to prevent potential tariffs and strengthen North American energy security.</li> <li class="">Wilkinson warned that tariffs could increase energy costs, disrupt supply chains, and harm businesses and consumers, calling for deeper cross-border cooperation.</li> <li class="">Discussions focused on securing critical minerals, protecting supply chains, and promoting a unified approach to energy security and affordability across North America.</li> </ul> <p class="">Canada’s <a href="https://energynews.pro/en/canada-a-minister-defends-energy-cooperation-between-canada-and-the-united-states/">Minister of Energy</a> and Natural Resources, Jonathan Wilkinson, travelled to Washington to discuss avoiding tariffs and strengthening North American energy security. He focused on the risks of tariffs raising energy costs and promoted deeper cooperation between Canada and the United States.</p> <p class="">On Capitol Hill, Minister Wilkinson met with key U.S. lawmakers, including Senators John Hoeven and Chris Coons, to push for a unified approach to <a href="https://theelectricityhub.com/?s=energy+security">energy security</a>. They discussed securing strategic resources, building more substantial energy infrastructure, and addressing national security concerns. Wilkinson highlighted the critical role of minerals in the economy and warned that tariffs would drive up consumer costs.</p> <p class="">He also met with representatives from significant industry associations like the American Fuel and Petrochemical Manufacturers and the Nuclear Energy Institute (NEI). These meetings addressed the importance of protecting supply chains and maintaining North America’s competitiveness in the energy market. Wilkinson stressed that tariffs could destabilise markets, leading to higher costs for businesses and consumers. He called for a strengthened partnership to support affordable energy and economic growth.</p> <p class="">Minister Wilkinson also engaged with top executives from energy giants like Shell, BP, Enbridge, TC Energy, and Cenovus. He emphasised Canada’s crucial role in supplying energy resources to the U.S. and pushed for enhanced cross-border cooperation. He argued that tariffs would disrupt investments and raise prices, urging a solid bilateral framework to ensure stability in <a href="https://theelectricityhub.com/?s=energy+markets">energy markets</a>.</p> <p class="">Throughout his Washington trip, Wilkinson underscored the risks that tariffs would bring to energy trade and emphasised the need for closer collaboration between Canada and the U.S. He highlighted the interconnected nature of North American energy markets, stressing that tariffs could lead to serious consequences. He clarified that only a strong partnership between the two countries can meet rising energy demands and secure long-term stability.</p> <p class="">Both countries shared the vision of a more secure and stable energy future. Cooperation emerged as essential to protect supply chains, secure resources, and keep energy affordable. Wilkinson’s discussions highlighted the necessity of continued collaboration to ensure North America’s competitive edge in the global energy market.</p> <p class="">During his Washington visit, Minister Wilkinson stressed the importance of keeping energy trade between Canada and the U.S. free from tariffs. His meetings with U.S. lawmakers, industry leaders, and association representatives focused on safeguarding North American energy security and fostering a more integrated energy strategy.</p> <p>The post <a href="https://theelectricityhub.com/99741-2canada-fights-tariffs-to-safeguard-north-american-energy/">Canada Fights Tariffs to Safeguard North American Energy</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/99741-2canada-fights-tariffs-to-safeguard-north-american-energy/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>UK Government Backs SMRs in Nuclear Power Push</title> <link>https://theelectricityhub.com/the-uk-government-backs-smrs-in-nuclear-power-push/</link> <comments>https://theelectricityhub.com/the-uk-government-backs-smrs-in-nuclear-power-push/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Sun, 09 Feb 2025 14:40:02 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[On-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Nuclear energy]]></category> <category><![CDATA[SMRs]]></category> <category><![CDATA[UK]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99733</guid> <description><![CDATA[<p>The UK government has eased restrictions on nuclear power plants and promoted Small Modular Reactors (SMRs). This emerging technology attracts various companies despite ongoing technical and financial concerns. Previously, only… </p> <p>The post <a href="https://theelectricityhub.com/the-uk-government-backs-smrs-in-nuclear-power-push/">UK Government Backs SMRs in Nuclear Power Push</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">The UK government relaxes restrictions on nuclear power plant construction and promotes Small Modular Reactors (SMRs) to enhance energy security.</li> <li class="">SMRs, though still in development, offer easier financing and faster construction than large reactors but face cost and regulatory hurdles.</li> <li class="">Rolls-Royce, GE-Hitachi, Holtec, and Westinghouse compete to develop SMRs in the UK, while EDF focuses on large-scale nuclear projects.</li> </ul> <p class="">The UK government has eased restrictions on nuclear power plants and promoted Small Modular Reactors (<a href="https://energynews.pro/en/london-opens-the-door-to-small-nuclear-reactors-to-revive-energy/">SMRs</a>). This emerging technology attracts various companies despite ongoing technical and financial concerns.</p> <p class="">Previously, only eight designated sites allowed new nuclear projects. Future plans can rise across England and Wales if they meet specific criteria. Prime Minister Keir Starmer drives this effort to boost <a href="https://theelectricityhub.com/?s=energy+security">energy security</a>, highlighting the UK’s heavy reliance on natural gas, which remains vulnerable to global tensions.</p> <p class="">The government will reform land use regulations to accelerate nuclear expansion, often seen as a key obstacle to infrastructure development. However, authorities will enforce strict rules, particularly regarding locations near heavily populated areas and military zones.</p> <p class="">The legislation now encourages SMR development. These smaller reactors promise easier financing and quicker construction compared to large-scale reactors. However, no company has developed an operational SMR prototype, and the technology faces cost and regulatory hurdles.</p> <p class="">Rolls-Royce, GE-Hitachi, Holtec, and Westinghouse lead the race to develop SMRs in the UK. EDF, which initially showed interest, withdrew in mid-2024 but continues to focus on large-scale projects like Hinkley Point C and Sizewell C.</p> <p class="">Despite government support, the UK nuclear sector faces significant challenges. The ageing reactor fleet struggles with delays and frequent cost overruns in constructing new reactors. Though success remains uncertain, the government aims to diversify players and adopt new technologies like SMRs to rejuvenate the industry.</p> <p class="">Environmental group Greenpeace criticizes SMRs as unproven, pointing to the nuclear sector’s long history of budget excesses. However, with energy security taking centre stage, the government continues to push ahead, even if that means loosening some regulatory controls.</p> <p class="">The path to deploying SMRs is long and challenging. As the UK works to reduce dependence on natural gas and ramp up <a href="https://theelectricityhub.com/?s=nuclear+energy">nuclear energy</a>, it remains unclear whether SMRs will succeed in becoming a viable alternative.</p> <p>The post <a href="https://theelectricityhub.com/the-uk-government-backs-smrs-in-nuclear-power-push/">UK Government Backs SMRs in Nuclear Power Push</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/the-uk-government-backs-smrs-in-nuclear-power-push/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>