The environmental business segment of Babcock & Wilcox (B&W) has been awarded a contract for approximately US$18mn to provide advanced environmental equipment to reduce emissions for a power plant in Africa
Energy
Just Energy Transition Yields Investment Opportunity in RSA Renewables
In 2021, the Just Energy Transition Partnership was formed between South Africa, the UK, EU, France, Germany and the US at COP26, which saw member nations pledge contributions of US$8.5bn to be deployed over the next three to five years for the transition from fossil-based energy to renewable energy and help South Africa in its decarbonisation efforts
Zest WEG poised for African growth
Zest WEG, the South African subsidiary of Brazil’s WEG Group, is well placed to extend its already extensive footprint in the African market with six manufacturing facilities producing a wide range of equipment including gensets, transformers, electrical panels, E-Houses, MCCs and mini sub-stations
Eskom announces service providers for flagship BESS project
Eskom has awarded contracts to Hyosung Heavy Industries and Pinggao Group for the provision of battery storage solutions in terms of its Battery Energy Storage System (BESS) project
VoltStorage receives capital boost to develop larger-scale redox flow storage systems
VoltStorage GmbH, a company aimed at the development and production of energy storage systems based on environmentally friendly redox flow technology, has received EU€24mn (approx. US$24.5mn) in Series C financing from Cummins