(IN BRIEF) ANDRITZ has signed a landmark contract with AXIA Energia to supply six 300-MVAr synchronous condensers for four substations within Brazil’s National Interconnected System. Representing the largest synchronous condenser order in ANDRITZ’s history, the project will enhance grid stability … Read the full press release
Posted in Austria, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Technology
Tagged air cooled condensers, Andritz, ANDRITZ and AXIA Energia Partner on Major Grid Stability Project Supporting Renewable Expansion, Araraquara São Paulo, AXIA Energia, Brazil National Interconnected System, energy transition, grid resilience, hydropower technology, inertia support, power grid stability, renewable energy integration, Sérgio Gomes, Synchronous Condensers, transmission infrastructure, voltage control
(IN BRIEF) The European Investment Bank (EIB) and Endesa have signed two loan agreements totalling €650 million to support the modernisation and digitalisation of Spain’s electricity distribution network. The financing package includes €500 million from the Regional Resilience Fund managed … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Financial, Industrial, Investment, Luxembourg, News, Spain
Tagged Climate Action, Cohesion Regions, digitalisation, EIB, EIB and Endesa drive energy transition with €650 million investment in smart and climate-resilient grids, EIB and Endesa secure €650 million financing to strengthen and digitalise Spain’s electricity grid, electricity distribution, Endesa, European Investment Bank, FRA, grid resilience, Ministry of Economy Trade and Enterprise, Next Generation EU, Regional Resilience Fund, renewable energy integration, REPowerEU, smart meters, Spain, substations
(IN BRIEF) Eight leading European transmission grid operators have established the TSO Innovation Alliance to jointly accelerate innovation in the electricity sector. The Alliance’s first initiative, “Weather and Grid Resilience,” will invite startups to develop data-pooling platforms and real-time probabilistic … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, Netherlands, News, Technology
Tagged Amprion, data pooling, ELIA Group, energy transition, EU electricity grid, grid resilience, Manon van Beek, partnership, predictive maintenance, probabilistic models, Red Eléctrica, renewable integration, RTE, startup scouting, strategic autonomy, sustainability, Swissgrid, TenneT Holding, Terna, transmission system operators, TSO Innovation Alliance, Weather and Grid Resilience, ‘Open Innovation Challenge’
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