Nuclear energy production to reach record high in 2025

Equinor and bp finalise US offshore wind swap and Serbia secures $2.18bn renewables investment from China

Forward this email  |  View in browser PowerTechnology In Brief January 29, 2024 SPOTLIGHT READ Nuclear energy production could reach record high in 2025 – IEA report Asian countries are leading the nuclear charge. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS Origin Energy approves 300MW battery storage project in Australia Mortlake is the state of Victoria's largest gas-fired power station, with 566MW of generating capacity.   Equinor and bp finalise US offshore wind swap Equinor will take full ownership of the Empire Wind lease while bp will assume full ownership of the Beacon Wind lease.   Serbia secures $2.18bn renewables investment commitment from China The agreement includes plans for a 1.5GW wind farm, a 500MW solar plant and a hydrogen production facility. Read more news INDEPTH READ Battery Energy Storage market dynamics   Per GlobalData, the market for battery energy storage is estimated to grow to $14.89 billion in 2027, driven by several factors including, the fall in battery technology prices and the increasing need for grid stability and resilience of the integration of renewable power in the power market. Lithium-ion has eclipsed lead-acid as the primary technology for battery storage deployment. 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 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