Rising fuel prices, electricity bill spikes, and rotating brownouts. This is the harsh reality of living in a volatile modern world today. But it is pushing the rest of the world to aggressively use renewable energy and grid-level storage solutions.
Here’s a quick look at some of the most interesting renewable energy stories from the past week.
Breakthrough Geothermal IPO
Fervo Energy, a leading geothermal startup, just went public on the NASDAQ. The company raised about $1.9 billion, putting its value at over $7.4 billion.
Fervo uses horizontal drilling and fiber-optic sensing, tech borrowed from the oil and gas industry, to access geothermal energy in places once out of reach. Their successful IPO shows that investors are taking geothermal seriously as a source of round-the-clock, carbon-free power.
Next-Gen Storage & Grid Efficiency
Hoymiles rolled out new Power Conversion Systems, including the HPCS3500-E, aimed at large-scale energy storage. The company says these systems reach up to 99% efficiency, meaning less energy is lost when moving power between the grid and large battery banks.
Moment Energy, a Canadian startup, just raised new funding to expand its technology that extends the life of old electric vehicle batteries for use in stationary energy storage. This new development can potentially help reduce battery waste and make grid storage more affordable.
Solar & Charging Innovations
Researchers at Chalmers have developed an AI charging method that can boost EV battery life by 23% without increasing charging time, and it won’t need new hardware or reconfigure physical setups. The team says this could roll out as a software update to current battery management systems, though each battery type needs some calibration. Transfer learning could help speed things up, enabling the AI to adapt to new chemistries more quickly.
We talked about perovskite crystals as the next step in solar cell technology. Well, a new study published this week found that connecting 2D and 3D perovskite crystals in a certain way has boosted solar cell efficiency to 26.25%. This brings perovskite cells even closer to beating traditional silicon in the commercial market.
Philippine Renewable Energy News
In the Philippines, more cities like Imus in Cavite are seeing a rise in solar-powered electric tricycles. Recent reports show these vehicles are helping small businesses cut their operating costs by almost 70% compared to gas-powered options.
House Bill 9157, the Waste-to-Energy Act, proposes a national plan to convert waste into energy using advanced technologies. If approved, it could address the country’s waste issue while creating a new source of renewable energy.
AboitizPower announced a ₱62 billion investment for 2026, focusing mainly on renewable energy and battery storage projects. The company has already doubled its renewable energy capacity to 2.3 GW this year.
Meanwhile, Solaren Power has installed over 100MW of solar power at 2,500 commercial and industrial sites. This marks a major shift toward distributed solar energy for businesses and manufacturers.
For more green and renewable tech news and updates, stay tuned to TGXP3.com.