Category: Highlights

Solis Seminar Episode 61 : Understanding the Battery Reserve Function and its Importance

Admin
Solis-header

Background Power storage solutions have become essential for households worldwide, ensuring uninterrupted electricity during power failures and network disruptions. For instance, in natural disasters, home energy storage systems can provide continuous power – critical in such conditions. By storing renewable energy like solar power, these systems reduce grid dependency and overall energy consumption, optimizing electricity usage patterns and minimizing wastage through intelligent control. However, many energy storage setups fail to ensure sufficient backup capacity during emergencies, leading to inconvenient and potentially critical situations. What is the “Battery Reserve Function”? To…

Read More

Petrol price in Pakistan reduced by Rs15.39 per litre: Check May 2024 New Rates

Admin
petrol-price

ISLAMABAD – The federal government government on Wednesday lowered price of petrol by Rs15.39 for May 2024, and the new rate stands at Rs273.1. The price of petrol, and diesel were lowered on the recommendation of Oil and Gas Regulatory Authority (OGRA). In a notification, the Finance Ministry said price of petrol move down up by Rs15.39 to Rs273.10 a liter, while that of diesel dropped by Rs7.88 to Rs.274.08 per litre. The drop in fuel prices comes in the backdrop of changes in international market rates. Petrol Price in Pakistan May 2024 Fuel Types Price Petrol Rs273.10…

Read More

IRENA to Monitor UAE Consensus Renewable Energy and Efficiency Goals, Announce Annual Report Series

Admin
Renewable-Energy

Abu Dhabi – COP28 President Dr. Sultan Al Jaber has officially tasked the International Renewable Energy Agency (IRENA) with creating an annual report series to monitor and recommend actions on the UAE Consensus renewable energy and energy efficiency goals set at COP28. The UAE Consensus aims to triple renewable power capacity and double energy efficiency by 2030, key measures in the global effort to address climate change and maintain the 1.5°C target. This initiative focuses on transitioning away from fossil fuels in an equitable manner, with a net-zero target by…

Read More

Emirates Group Announces Record-Breaking Financial Performance for 2023-24

Admin
Emirates-Group

The Emirates Group has reported its best-ever financial performance for the fiscal year 2023-24, achieving a record profit of AED 18.7 billion (US$ 5.1 billion), marking a significant 71% increase from the previous year. This achievement is complemented by record revenue and a record level of cash assets. Group revenue soared by 15% to an unprecedented AED 137.3 billion (US$ 37.4 billion), driven by robust customer demand across its diverse businesses. The Group ends the year with its highest-ever cash balance of AED 47.1 billion (US$ 12.8 billion). Additionally, the…

Read More

GoodWe Maintains BBB MSCI ESG Rating in 2023

Admin
Goodwe-new

GoodWe, a leading inverter manufacturer and smart energy solution provider, has received a ‘BBB’ rating in the latest MSCI Environmental, Social, and Governance (ESG) evaluation. According to the scorecard released by MSCI, GoodWe’s ESG performance in 2023 excelled in Opportunities in Clean Tech and Labor Management, evaluated in various aspects such as the clean tech innovation capacity, employee relations, strength of worker protections, among others. This marks the second consecutive year that GoodWe has maintained a BBB ESG rating, reflecting its ongoing commitment to sustainable development. The company took further…

Read More