Today’s renewable energy news includes announcements from Siemens Energy, Corvus Energy, Eco Wave Power, among others.
Siemens Energy to Operate Guyana’s 300 MW Gas-to-Energy Plant
Siemens Energy has been appointed to operate Guyana’s flagship 300 MW combined-cycle power plant, with operations expected to begin in early 2027. The facility forms part of the wider Gas-to-Energy project, which includes a Natural Gas Liquids plant and upgraded transmission infrastructure. Natural gas will come from the ExxonMobil-operated Stabroek Block and Liza field. The development is expected to double Guyana’s electricity-generation capacity, reduce power costs by approximately 50 percent, strengthen grid reliability and lower dependence on imported liquid fuels. Guyana is also planning the Berbice Gas-to-Energy project for 2030. ExxonMobil’s proposed Longtail development could produce approximately 1.5 billion cubic feet of gas and 290,000 barrels of condensate daily over an estimated operating life of 30 years.
Corvus Energy to Supply 40 MWh Batteries for Four BC Ferries
Corvus Energy will supply battery systems for four new BC Ferries hybrid-electric Summit Class vessels: Summit Arbutus, Summit Cedar, Summit Maple and Summit Spruce. The contract covers 40 MWh of installed battery capacity, providing 10 MWh for each ferry. Battery interface bases and pack-control systems will accommodate an additional 60 MWh per vessel, creating future-ready capacity of up to 70 MWh for each ship. The vessels will be capable of operating nearly emission-free for as long as two hours as charging infrastructure expands. Corvus will deploy its Dolphin NxtGen Power system, featuring liquid-cooled cells, increased energy density and enhanced safety. BC Ferries selected the company based on its marine battery expertise and earlier experience supporting the operator’s hybrid-electric Island Class fleet.
Eco Wave Power Cuts H1 2026 Operating Expenses by 9 Percent
Eco Wave Power reported stronger financial and operational progress during the six months ended June 30, 2026. Operating expenses declined 9 percent, or US$137,000, to US$1.451 million. The wave-energy developer strengthened its balance sheet through a US$4 million financing involving 400,000 American Depositary Shares priced at US$10 each, a 10.7 percent premium. Investors also received warrants for 300,000 ADSs at US$12, representing a 32.9 percent premium and expiring June 26, 2029. Eco Wave Power is advancing projects in Portugal, Taiwan and India, contributing to a global pipeline of 404.7 MW. Its portfolio includes grid-connected operations in Israel and an onshore wave-energy pilot project at the Port of Los Angeles.
FAHEEMA P
