Renewable Energy Magazine

Oct 09, 2025

Policy Reversals in the US will Only have a Marginal Impact on the Global Energy Transition – Report

The global shift towards cleaner energy remains robust even though the pace of the energy transition in the United States has slowed sharply due to recent policy reversals. According to the ninth edition of DNV’s Energy Transition Outlook, the US slowdown will have only a marginal effect on worldwide progress, as momentum continues to build elsewhere - most notably in China.

In the US, policy reversals and renewed support for fossil fuels are expected to delay emission reductions by about five years, with annual CO₂ emissions projected to be 500 to 1,000 million tonnes higher than previously forecast. Meanwhile, China is setting new records for renewable energy deployment, accounting for 56% of global solar PV installations and 60% of new wind power additions this year alone. Its clean technology exports also continue to drive the energy transition worldwide.

DNV forecasts a slightly slower transition with the energy mix to be split 51%-49% between fossil and non-fossil fuels in 2050. Likewise, 2050 global CO2 emissions are now forecast to be 4% higher compared to last year’s Outlook.

“It is more important than ever to evaluate the energy transition from a global perspective. The global energy transition is not stalling — it is evolving, with momentum shifting to regions that are doubling down on clean technologies,” said Remi Eriksen, Group President and CEO of DNV. “Security has become the dominant driver of energy policy, and as our forecast shows, this is in sum accelerating the shift to renewables.”

The Energy Transition Outlook finds that the net effect of energy security is decreasing emissions. Global emissions are forecast to be 1-2% lower per year due to the implementation of energy security policy. Nuclear power, for example, will account for 9% of electricity supply in 2060. Without energy security policies, nuclear power would have been one third lower. In Europe, emissions are forecast to be 9% lower in 2050 due to energy security as it pivots away from imported fossil fuels.

Other key findings from this year’s report include:

• AI is emerging as a significant energy consumer, but it will only consume 3% of global electricity in 2040. Data centre energy use will quintuple to 2040, equalling 5% of all global electricity – 3% of this is for AI and 2% for general purpose data centres. There are large regional variations; in North America (the US and Canada) the 2040 share is 16% of all electricity, with 12% being AI.

• Global CO2 emissions will reduce by 43% from today to 2050 – and is expected to reach net zero after 2090. The carbon budget for 1.5°C is exhausted in 2029 and the budget for 2°C in 2052. Limiting global warming to 1.5°C without a temporary overshoot is no longer possible.

• Electricity is growing and greening at a high pace. Global electricity generation is projected to increase by 120% from now until 2060, doubling from a 21% share of total energy demand today to 43% in 2060. During 2025 we have passed the milestone of 50 million BEVs. Global solar PV capacity is projected to reach over 3000GW this year, with China having installed more than twice as much capacity as Europe, the next largest installer.

• The plunging costs of solar panels and batteries have made behind-the-meter (BTM) solutions attractive for a range of households and business. BTM will represent 30% of all solar and 13% of all power generated by 2060.

“In several sectors, technology progress and cost reduction are driving the energy transition forward, but in harder to decarbonize sectors, much more policy help is needed. While geopolitical tensions and national priorities add complexity, the global direction of the energy transition remains clear,” added Eriksen.

DNV | dnv.com

Oct 09, 2025

AI Models Can Now Reason with Live Weather Data – Vaisala Xweather First to Connect Them

Global weather intelligence provider Xweather has integrated Model Context Protocol (MCP), an emerging standard that allows AI models to access specialized data in real time. In doing so, Xweather becomes the first enterprise-scale solution to connect AI models, such as ChatGPT and Claude, to real-time meteorological data.

Xweather's weather intelligence platform is already trusted by leading organizations such as FedEx, Netflix, American Airlines, and 40% of Fortune 100 companies. With MCP integration, the potential implications for business and society are vast. Industries such as logistics, insurance, and renewable energy can use this data to make rerouting decisions, validate insurance claims, and optimize energy output. MCP integration makes these capabilities accessible through simple conversation – no custom development required.

“MCP integration represents a fundamental shift from weather as information to weather as intelligence,” said Lee Huffman, Director of Data as a Service at Xweather. “The implications extend beyond meteorology to any industry dealing with specialized, time-sensitive information that AI systems need but haven’t previously been able to access.”

Weather data moves from hindsight to foresight

Last year alone, weather-related disasters cost $182.7 billion in the U.S. As extreme weather events grow in frequency and intensity, the need to turn meteorological data into rapid, real-world decisions has never been greater.

Xweather's MCP integration makes enterprise-grade meteorological data available through natural language conversations, so insights normally reserved for trained meteorologists can now be accessed without knowledge of weather APIs or complex data formats.

Analyses that used to require multiple data sources, custom connectors, or manual processes now take a simple AI prompt:

"Was there lightning at 1247 Oak Street, Columbus, Ohio on August 15th? I need forensic-grade data for court." (insurance adjuster investigating a claim)
"Map the safest weather-aware route from Chicago to Miami this weekend. Flag wind advisories that could affect high-profile vehicles." (logistics coordinator planning truck routes)
"For our solar farm in Arizona, what hours tomorrow have the best balance of sun and low cloud cover? Give me a 6 a.m.–6 p.m. output curve prediction." (renewable energy operator optimizing power generation)

Additionally, MCP integration allows organizations to apply enterprise-grade weather intelligence into their own products and systems, enhancing services like voice-activated in-car assistants. Drivers could soon hear warnings such as: “Bridge ahead is frozen, adjust speed.”

“We're not just delivering data. We're enabling AI models to reason, respond, and act on weather conditions with unprecedented ease and speed," said Huffman. "This opens an entirely new way for companies to access weather intelligence. AI shifts from text generator to decision-making tool, and businesses that couldn't use weather data before now can. With MCP integration, we are reinforcing Xweather's commitment to climate resilience, data accessibility, and AI leadership”.

The MCP integration is now available for users with an Xweather API subscription.

Vaisala Xweather | xweather.com

Oct 09, 2025

Hithium Experiences Rapid Business Growth, Likely to Continue Hong Kong IPO by Year-End

Xiamen Hithium Energy Storage Technology Co. Ltd. is likely to restart its Hong Kong IPO process in the next three months, after its application filed earlier this year expired, as it seeks funds for its global expansion and ramps up its energy storage systems business.

The company's original March listing application lapsed late last month after it failed to complete the IPO within six months, a common occurrence for most companies in their first listing attempts, rather than a sign of failure. The development comes not long after a similar application by another energy storage company, Sigenergy, also expired after it failed to complete the listing within six months after filing.

A knowledgeable source told Chinese media that Hithium is likely to restart its Hong Kong IPO process by the end of this year.

The energy storage sector is currently thriving in the capital markets, attracting strong investor interest on strong growth prospects and supportive government policies. Hithium is seeking to tap booming global demand for both batteries and systems used to store energy from a growing number of solar, wind and other new energy farms and other generating stations being built worldwide. Such storage is a critical component for these facilities, allowing them to store excess electricity during peak generating times for later release during production lulls.

As demand ramps up, the global energy storage market is expected to pass 1,000 GWh per year by 2030, according to third-party market data in Hithium's original March prospectus.

Founded in 2019, Hithium provides batteries and energy storage systems for residential, commercial and industrial customers. It is the world's third largest provider in its sector, with about 11% of the global market. Its shipments grew by an average 167% annually between 2022 and 2024 to reach 35.1 GWh last year.

A recent boom in overseas demand for energy storage has helped Hithium to win multiple international orders from Europe, the U.S. and the Middle East, propelling it to second in global energy storage shipments in the first half of 2025. The company's two production bases in the cities of Xiamen and Chongqing have been operating at full capacity since March, and it is also building a new facility in the city of Heze in Shandong province to boost its capabilities. In a move to hedge against U.S.-China trade frictions, the company has already put a new facility in the U.S. state of Texas into operation — making it the first Chinese enterprise in this sector to establish and launch such a production base in the United States.

Hithium's revenue grew 26% last year to 12.9 billion yuan ($1.81 billion) from 10.2 billion yuan in 2023. Within that bigger figure, revenue from energy storage systems, which typically carry higher profit margins, more than doubled last year to 4.67 billion yuan from 1.97 billion yuan the previous year, rising to 36.2% of the total from 19.3% over that time.

The company is also rapidly building up its overseas business, which grew from just 1% of sales in 2023 to 28.6% last year. Hithium made a big advance on that front in August, when it signed a major supply deal with Saudi Electricity Co. worth about 2.6 billion yuan. On the bottom line, Hithium also passed another major milestone last year when it became profitable on an adjusted basis, reporting a 318 million yuan adjusted profit for the year.

Hithium | https://www.hithium.com/

Oct 09, 2025

Bahamas Grid Company Reports Strong Early Progress on Foundational Grid Upgrade Project

Six months after the launch of its Foundational Grid Upgrade Project and one year since providing restoration and maintenance activities, the Bahamas Grid Company (BGC) has released its first comprehensive Progress Metrics Report. The report highlights major upgrades to the transmission and distribution systems serving New Providence, paving the way for greater reliability, resilience, and power quality.

utility workers

Early results show the project is already transforming electricity delivery, with outages declining sharply and thousands of customers now experiencing enhanced service quality.

Building a Stronger, More Resilient Grid

Progress on the $130 million initiative is well ahead of schedule—28% faster than planned—with major infrastructure improvements completed or underway:

144 new steel poles installed, replacing aging wooden structures and providing Category 5 hurricane-grade resilience.
153,120 feet of transmission cable reconductored with double-sized wire to accommodate future load growth and new generation sources.
42,240 feet of distribution cable reconductored to remediate system vulnerabilities and support expanding customer demand.
Three new substations under construction to enhance system protection and enable rerouting of power to prevent large-scale outages.

Leveraging Smart Technologies to Reduce Outages

The deployment of advanced grid technologies is delivering measurable results in outage reduction and faster response times:

47 IntelliRupters installed on high-risk feeders to reduce both the number of outages and the customers affected by them.
137,280 feet of OPGW fiber cable replaced to enable remote operations, protection devices, and the integration of smart technologies across the grid.
A new integrated Work Management System is being implemented to track upgrades and customer connections while providing real-time outage response — a first for The Bahamas.

Direct Public Benefits Already Visible

The positive impact of these upgrades is being felt by homes and businesses across New Providence:

49,000 homes in historically outage-prone areas are now experiencing far fewer interruptions.
16,000 homes have benefited from load-balancing efforts that improve power quality and extend the lifespan of home appliances.
Proactive patrols and maintenance on 70 circuit miles of high-risk areas are reducing potential storm damage before it occurs.
86% reduction in outages for customers downstream of IntelliRupters.

Six months into implementation, the Foundational Grid Upgrade Project is already delivering measurable reliability improvements, laying the groundwork for a more secure and sustainable energy system for New Providence.

Bahamas Grid Company | https://bahamasgrid.net/

Oct 09, 2025

Energy Vault Closes $300 Million Preferred Equity Investment with Orion Infrastructure Capital (OIC), Officially Launching "Asset Vault" Platform in Move to Energy Asset Management and Long-Term Asset Development

Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the "Company"), a global leader in grid-scale energy storage solutions, announced the successful closing of its $300 million preferred equity investment with leading North American infrastructure investment firm OIC L.P. ("OIC"), officially launching "Asset Vault," the Company's fully consolidated subsidiary dedicated to developing, building, owning and operating energy storage assets globally. OIC is an ideal partner with a proven track record of backing transformative energy infrastructure projects, for Energy Vault as the Company advances Asset Vault to consolidate a growing portfolio of contracted and operational storage projects.

The completion of this transaction with OIC represents a validation of Energy Vault's IPP strategy to build, own and operate energy storage assets, accelerating the deployment of +1.5GW in attractive priority markets and upper-tier IRR projects. The preferred equity instrument is non-dilutive to common shareholders and includes milestones for common equity participation in the listed company for strong shareholder alignment.

Including the recapitalization of the recently completed Calistoga Resiliency Center (CRC) in California, as well as the Cross Trails BESS, located in Snyder, Texas, Energy Vault expects to draw nearly $200 million over the next six months to commence work on two additional late-stage projects in the U.S. and Australia, which includes the 125MW / 1,000MWh Stoney Creek BESS, along with the advancement of additional pipeline projects under development.

"Closing this transformational investment with OIC marks a pivotal moment in Energy Vault's evolution to a fully-integrated Independent Power Producer with proven execution capabilities," said Robert Piconi, Chairman of the Board and CEO of Energy Vault. "OIC's deep expertise in infrastructure investing and their confidence in the strength and financial attractiveness of our Asset Vault portfolio provides tremendous validation of our ability to deliver sustainable, profitable growth while addressing the critical energy storage needs of our rapidly evolving grid infrastructure and rapidly growing AI data center infrastructure."

The Asset Vault platform creates a vertically integrated ecosystem that captures value across the entire energy storage lifecycle, combining Energy Vault's proven operational expertise with long-term asset ownership to generate predictable, recurring cash flows. Energy Vault will self-perform engineering, procurement, construction (EPC), and long-term service agreements for Asset Vault projects, creating multiple cash flow streams, while maintaining the flexibility to optimize returns through strategic capital deployment.

"Energy Vault has demonstrated exceptional execution capability in developing and operating energy storage projects, and we believe the Asset Vault platform positions the company to capture significant value in the rapidly expanding energy storage market," said Chris Leary, Head of Infra Equity, OIC. "The combination of Energy Vault's integrated capabilities, strong project pipeline, and experienced management team creates a compelling investment opportunity in critical energy infrastructure as the demand for power continues to grow at unprecedented rates."

Asset Vault consolidates Energy Vault’s growing portfolio of contracted and operational storage projects, with 3GW and 12+ GWh of top-tier projects identified, acquired and/or in operation today across the U.S., Europe and Australia. Current U.S. projects managed under the Asset Vault platform include the 57 MW / 114 MWh Cross Trails Battery Energy Storage System (BESS) as well as the 8.5 MW / 293 MWh Calistoga Resiliency Center, a hybrid energy storage system combining clean hydrogen with battery cells. Both projects are supported by long-term offtake agreements and benefit from Investment Tax Credit (ITC) incentives as well as project-level debt financing, positioning the platform for 15% + targeted levered IRRs over a 20-year asset life, yielding highly-visible, profitable and recurring cash flows. Also managed under the Asset Vault platform is the recently-acquired 125 MW / 1.0 GWh Stoney Creek BESS, located in New South Wales, Australia and backed by a 14-year Long-Term Energy Service Agreement (LTESA) with AEMO Services as the Consumer Trustee under the New South Wales Electricity Infrastructure Roadmap.

The Company expects Asset Vault to generate over $100 million in recurring annual EBITDA within the next 3-4 years, representing significant additive value to Energy Vault's existing Energy Storage Solutions business.

For more details on Asset Vault, the company is scheduling a virtual Investor and Analyst Day on Wednesday October 29th, 2025. Registration details can be accessed here: https://www.energyvault.com/rsvpinvestorday2025

Advisors

Jefferies LLC acted as sole placement agent and exclusive financial advisor, and Vinson & Elkins LLP acted as legal advisor, to Energy Vault. Greenberg Traurig, LLP acted as legal advisor to OIC.

Energy Vault | www.energyvault.com

OIC | www.oic.com

Oct 09, 2025

Saxon Capital Group Introduces State-by-State Solar Credits Resource as Energy Costs Surge and the 30% ITC Expires

Saxon Capital Group, Inc. SCGX (OTC) is pleased to announce the publication of a complete, state-by-state list of available solar tax credits and incentives on our Solar Home Builders website.

While the Federal Investment Tax Credit (ITC) for residential solar installations is scheduled to end on December 31, 2025, homeowners will still have many State incentives and benefits available. Replacing regular glass in a new home using patented Energy Glass Solar windows could save homeowners thousands of dollars every year on their electrical bills.

Our new State online solar incentive section details:
In a major step to empower both homebuyers and builders, Saxon Capital Group has launched an all-inclusive, state-by-state solar incentive guide on the official Solar Home Builders website. This robust online resource offers:

A detailed overview of federal residential solar incentives
Up-to-date information on state solar tax credits, rebates, and net-metering programs
Listings of municipal and utility company discounts where available

Saxon Capital Group's initiative ensures everyone has fast, easy access to the latest credits and rebates in their region, simplifying and streamlining the decision to invest in clean energy. By bringing every federal, state, and local program together in one place, Saxon Capital Group makes it easier for homeowners to see exactly what they can save—and possibly act before the federal ITC expires.

Saxon Homes, built by Solar Home Builders, is leading the way in residential energy innovation with its patented Energy Glass technology. Homes built with Energy Glass can reduce monthly electricity costs by 30% or more, delivering long-term savings for homeowners even as national energy prices continue to surge. By integrating this breakthrough solar technology directly into residential construction, Solar Home Builders helps keep building and living costs down while increasing property value and energy independence. Solar Home Builders homes are not only energy efficient, but fire, hurricane and tornado resistant as well.

Solar Home Builders | www.solarhomebuilders.com

Energy Glass Solar | www.energyglasssolar.com

Oct 09, 2025

Stellar Solar Approved as An Authorized Contractor for the San Diego Community Power Solar Battery Savings Program

Stellar Solar, one of the most experienced solar and battery installers in Southern Californiaand Michigan since 1998, and consistent winner of the San Diego Union Tribune Readers Poll in the category of Best Solar Company, has been approved for the second consecutive year as an authorized contractor in the popular San Diego Community Power Solar Battery Savings Program. Stellar secured battery rebates for hundreds of San Diego homeowners during the Community Power program launch in 2024.

Stellar Solar is offering Enphase, FranklinWH and Tesla Powerwall 3 batteries through the San Diego Community Power Solar Battery Savings Program

Stellar was one of the first contractors in San Diego to offer home batteries, and that longevity and experience have established them as a leading provider of energy storage solutions for San Diego homeowners looking to install a solar and battery combination or add solar to an existing system. Stellar will be offering Enphase, FranklinWH, and Tesla Powerwall 3 batteries as part of the Community Power Savings program with generous rebates of up to $10,000.

Stellar Solar CEO Kent Harle was an early proponent and visionary of energy storage for homeowners and the driving force behind some of the first residential and commercial battery installations in San Diego. He is thrilled to see batteries become an integral part of the cost savings equation solution for homeowners when paired with solar and had this to say about the Community Power Battery Savings Program: "The second round of this program could not have come at a better time for San Diego homeowners concerned about paying among the highest electricity rates in the country. The significant San Diego battery rebates being offered now enable homeowners to power and protect their home with energy storage at some of the lowest prices ever offered. We've been installing residential batteries longer than any other installer in San Diego. That track record, combined with our Community Power rebate program experience, enables us to guide homeowners through the process and ensure they get their rebate check in a timely manner. These rebate funds will be in high demand, and we look forward to helping as many San Diego homeowners as possible take advantage of them."

Stellar Solar offers quick, easy, no-pressure virtual residential solar quotes for homeowners interested in solar and battery storage. Commercial solar quotes are also available for businesses, nonprofits, schools and faith-based organizations.

Stellar Solar | www.stellarsolar.net

Drafting vs. Engineering: Choosing the right partner for commercial projects

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Policy Reversals in the US will Only have a Marginal Impact on the Global Energy Transition – Report

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Hithium Experiences Rapid Business Growth, Likely to Continue Hong Kong IPO by Year-End

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