Energy Vault – energy storage made of concrete blocks and cranes

Concrete blocks and cranes that is all that you need to store electricity. How? Simple. The crane uses excess energy from renewables to lift concrete blocks, and when the power is required, the crane lifts blocks, and the generator produces it. The process is similar to a pumped-storage hydropower plant (HPP), with water substituted with […]

Electricity September 12, 2019

Europe’s largest on-shore wind farm is on sale – CEZ starts divestment in Romania

Czech energy company CEZ has officially launched the divestment process in Romania, offering seven companies in the country including Europe’s largest on-shore wind park Fantanele-Cogealac, with 600 MW of installed capacity. The move comes just days after Italian energy company Enel initiated the sale of its assets in Romania. Romanian state-owned power utilities Electrica and […]

Electricity September 11, 2019

Italy’s Enel launches sale of Romanian assets

Italian energy company Enel has initiated the sale of its assets in Romania, Reuters has reported. Just a week ago Romanian state-owned power utility Hidroelectrica invited bids to select an adviser for the acquisition of Enel’s and Czech energy company CEZ’s assets in Romania. The sale of Enel’s operations in Romania is being led by […]

Electricity September 6, 2019

HSE names new top managers at thermal power plant TEŠ, coal mine Velenje

Slovenia’s state power utility Holding Slovenske Elektrarne (HSE) has appointed new top managers at two of its subsidiaries – Termoelektrarna Šoštanj, which operates the Šoštanj thermal power plant (TEŠ), and Premogovnik Velenje, the operator of the Velenje coal mine, according to two separate press releases on the company’s website. HSE named Viktor Vračar as director […]

Electricity September 4, 2019