IEA downgrades green hydrogen growth forecast

Updates on Iberdrola's 160MW hydroelectric project and Scotland's 1.1GW Inch Cape wind project.

Forward this email  |  View in browser PowerTechnology In Brief January 23, 2024 SPOTLIGHT READ Weekly data: IEA significantly downgrades green hydrogen growth forecast The International Energy Agency (IEA) has significantly downgraded its capacity growth forecasts for green hydrogen; by more than 50% for Europe. LATEST NEWS Construction begins at Scotland's 1.1GW Inch Cape wind project substation The brownfield site sits in the former Cockenzie coal-fired power station on Scotland's East Lothian coast.   Iberdrola connects 160MW hydroelectric project to Portuguese grid The Tâmega hydroelectric complex includes the 160MW Alto Tâmega hydroelectric power plant, the 880MW Gouvães pumped storage power plant and the 118MW Daivões power plant.   The water crisis threatens the energy transition – CDP Across the fossil fuel, power production and mining sectors, there are a growing number of assets at risk of being stranded as a direct result of the global water crisis, according to research from CDP.   IoT's role in the energy transition  The intermittent nature of renewables creates complications for the industry, but the Internet of Things offers security through forecasting and predictive maintenance.   EDPR NA begins operations at 297MW wind farm in Canada Built with an investment of more than C$600m ($445.16m), the power generated from Sharp Hills wind farm will be sold to TC Energy.   Corre and Eneco partner on 320MW CAES project in Germany The partnership will result in Eneco acquiring a 50% stake in the project.   Plenitude, BlueFloat and Sener link for 1.25GW wind projects in Spain The consortium has a portfolio of projects including Parque Nordés in Galicia, Parc Tramuntana in Catalonia and Parque Tarahal in the Canary Islands. Read more news INDEPTH READ Net Zero Strategies in the Power Sector   Decarbonization is one of the most important threats facing the power sector globally. GlobalData's latest report reviews the net zero strategies of the leading 20 companies in the Power sector and identifies key areas for energy transition investments. Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo PARTNER CONTENT Integrated Global Services About IGS How to Stop Boiler Tube Wastage in Circulating Fluidized Bed Boilers Extending the life of the tube is possible with the use of added material to the outside diameter (OD) surface of the tube, with Weld Overlay or High Velocity Thermal... Future Power Technology Digital Magazine   Issue 159 | December 2023   In this issue: hydrogen geopolitics, climate action commitments, and technological innovations in the power sector. Read the magazine Click below to view more from across the network: Power Technology   |   Offshore Technology   |   Energy Monitor   Was this email forwarded to you? Sign up here.   Please send any news or comments to: energy.editorial@verdict.co.uk   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences