Blog
COP29 and Freeman's lesson: Companies should take the lead
13 November 2024
According to the 2024 Emission Gap Report published by the United Nations on October 24th, annual greenhouse gas emissions are not decreasing but are actually increasing. What's more, the governments of major fossil fuel-producing nations are planning to produce more than double the amount of fuels by 2030 than what is compatible with the 1.5°C limit for global warming. Magaldi Group addresses these challenges with its innovative solutions to decarbonize industries.
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Blog
Green heat for industries: renewables production is booming, now storage becomes strategic
28 March 2023
by Letizia Magaldi, Magaldi Green Energy Executive Vice President It's enough to put together a couple of data to understand how the energy world is changing - and fast. According to Bloomberg data, about a third of global investments (1.1 billion dollars in 2022) in low-carbon energy technologies were directed to the renewable energy sector. According to the IEA - International Energy Agency report, the world's total capacity of renewable energy is expected to double by 2027, becoming the primary source of global electricity production by 2025 and surpassing coal.
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Thermal Energy storage (TES) can be the key to industrial decarbonization in Europe
19 January 2023
Thermal Energy Storage (TES) will play a pivotal role in decarbonising industries process in Europe, according to the new analysis on “Industrial Thermal Energy Storage – Supporting the transition to decarbonise industry” published by the EERA - The European Energy Research Alliance.
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The future is renewable, Italy knows it too
30 December 2022
The green, sustainable energy transition accelerated by renewables is the path towards which Europe is moving. The scenario has finally changed. 2022 will surely go down in history as the year for energy debate became openly urgent.
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"Integration of technologies and policies for renewable energy is necessary. That’s why”
10 August 2022
by Massimiliano Masi, General Manager of Magaldi Green Energy Middle East Energy transition and energy resilience cannot be achieved without two fundamental parameters, not only for Italy but for Europe as a whole: the actual availability of natural resources - wind, sun, and earth trusted relationships and strategic agreements with other countries
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Let's learn more about MGTES, the new thermal energy storage technology patented by Magaldi Green Energy
11 May 2022
di Raffaello Magaldi, Executive Vice President of Magaldi Green Energy Let's learn more about MGTES, the new thermal energy storage technology patented by Magaldi Green Energy, startup of Magaldi Power aimed to pilot innovations to support energy transition for flexibilization and decarbonization of industrial processes. Magaldi Green Thermal Energy Storage (MGTES) is a flexible, high temperature Thermal Energy Storage (TES) technology for short as well as Long Duration Energy Storage. The system uses electricity for the charging phase and subsequently release energy in the form of heat when needed. MGTES is designed to offer support to renewable energy systems such as wind and solar photovoltaics, representing a sort of energy dispenser “on demand”, accumulating green energy and releasing it when needed, avoiding intermittency.
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The challenge of a clean and sustainable future is possible, but it requires courage. Italy has already shown it: we can do it.
01 April 2022
di Cecile De Mauleon, Institutional Relations & Communications Manager of Magaldi Green Energy Social responsibility and awareness of sustainability will be essential to achieve the ecological and energy transition especially in light of current geopolitical and structural conflicts. Government, companies, banks, civil society are called to assume a true collective commitment with a community vision for the good of humanity and our planet. In 2020, a period of great challenges for humanity began, characterized mainly by the Covid-19 pandemic that hit all the countries of the world hard, resulting today in 472,816,657 infections and 6,099,380 deaths globally (WHO, 2022), without distinguishing between industrialized or developing countries or between poor and rich people. The high number of cases translated into unsustainable pressure on health systems and a very high level of exhaustion for health operators. This notably sensitized the world about the importance of investing in infrastructure, modernization, training, and mostly enabling working conditions for the health sector.
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Energy Crisis? Renewable alternatives are the answer
18 February 2022
Letizia Magaldi, Executive Vice President of Magaldi Green Energy Our mission has been the same for nearly a century: the development of innovative solutions for a sustainable and environmentally friendly industry. In this time of upheaval, emergencies and climate change, each of us must be ready to react. To the rising cost of energy we reacted developing renewable energies and storage solutions.
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The key role of heat to decarbonize the industrial system
22 December 2021
Green Heat Storage is one of the key to fight climate change. Industrial heat constitutes for most of the industrial energy request and most of direct industrial CO2 emitted every year. One of the latest analyses on the subject goes back to the International Energy Agency's (IEA) World Energy Outlook 2017, which points out that industrial heat accounts for two-thirds of industrial energy demand and almost one-fifth of global energy consumption. And that as industrial heat demand continues to grow, so does its share of CO2 emissions, accounting for a quarter of global emissions by 2040.
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