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South Africa’s coal-dependent state utility seeking bids for first battery storage project

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:South Africa’s state-owned power utility, which relies on coal to generate most of the nation’s electricity, issued a request for bids to build its first battery-energy storage system, according to a tender document seen by Bloomberg.Eskom Holdings SOC Ltd. has received funding from institutions including the World Bank and African Development Bank, which it will use for the project, the utility said in a request for bids issued July 31. The funding will include design and construction of the system at the Sere Wind Farm Facility in Western Cape province.South Africa has plans to diversify its energy mix in a move away from coal, which is used for about 85% of the country’s power generation. Eskom is specifically considering green funding to offset debt and to re-purpose coal plants.Battery storage can save fuel costs and reduce grid congestion, according to the International Renewable Energy Agency. It can also balance a greater use of renewable sources that provide intermittent power.The bids will close Sept. 11, according to the documents. The request refers to the Eskom Investment Support Project and Eskom Renewables Support Project.[Paul Burkhardt]More: South Africa’s coal-dependent Eskom calls for battery-power storage South Africa’s coal-dependent state utility seeking bids for first battery storage projectlast_img read more

Can you handle Beast Mode banking?

first_img 19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Running back Marshawn Lynch is returning to the NFL to play for the Oakland Raiders. If you’re not familiar with Lynch, he led the Seattle Seahawks to two Super Bowl appearances and earned the nickname “Beast Mode.”He’s a powerful running back who’s not afraid to take a hit. In a 2011 playoff game against the New Orleans Saints, he had a 67-yard touchdown run, breaking nine tackles. The crowd activity and noise for the game-clinching touchdown registered a small tremor on a nearby seismograph, rendering the play to be forever known as the “Beast Quake.”What can credit unions and community banks learn from one of the most dominant running backs in the NFL? Quite a lot, actually.NOTHING CAN REPLACE HARD WORKAre you asking, “Why can’t we close more loans?” continue reading »last_img read more