Day: February 4, 2019
Report: $2.4 Trillion Clean Energy Investment Needed To Avoid Climate Catastrophe
The world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations.
Ãrsted Acquires Deepwater Wind for $510 Million
On Monday, global offshore wind leader Ørsted announced that it had entered into an agreement to acquire a 100 percent of Rhode Island-based Deepwater Wind at a purchase price of US $510 million. Deepwater wind built the first U.S. offshore wind farm — the 30-MW Block Island Wind — and is…
Trump's FERC Pick Could Tip Balance in Favor of Coal Bailout
U.S. President Donald Trump tapped Energy Department staffer Bernard McNamee to join the nation’s top energy regulator, potentially smoothing the path for a brewing bailout of money-losing coal and nuclear plants.
New Jersey's Planned $4.1B Clean Energy Investment includes $180M for Storage
New Jersey’s biggest utility says it can make money by getting its customers to use less of what it sells.
How Renewables Lead to a World of Peak Energy
It can be hard to get your head around just how much energy the world uses. Expressed in terms of oil, it was equivalent to almost 14 billion metric tons of the stuff in 2017. That’s like burning through all of Russia’s proved reserves in the space of 12 months, which is, in technical terms, a……
Electric Vehicle Fast-Charging Infrastructure Provider Picks Up the Pace
This week, EVgo, a provider of public electric vehicle (EV) fast-charging stations in the U.S., said it was accelerating the pace at which it is constructing fast chargers and will add hundreds of EVgo fast chargers in California before the end of 2018.
Ohio’s PowerForward Roadmap Aims to Shape the Grid of the Future
A new roadmap for the future of Ohio’s electric grid can benefit all types of interest groups, but the next few years will be critical for the plan to achieve its goals.
Analyst: We've Misunderstood Energy Efficiency
According to energy expert, Amory Lovins, CEO of the Rocky Mountain Institute, the energy industry has vastly misunderstood the scope of the energy efficiency resource. Lovins claims that it’s design, not technology that can achieve incredibly energy efficiency gains. Using his own home in the…
Hydrogen-powered Vehicles Seek Another Shot at Green-Car Race
It’s lighter, abundant and finally ready to take on Tesla. Hydrogen-powered vehicles are gearing up to challenge electric vehicles again in the race for mass-market clean cars. This week, a much larger group of companies signed on to a global coalition aimed at drumming up government support for…
From the Clean Power Plan to ACE: Why Not Much Has Changed
Has the environment for electricity generation changed dramatically since the Obama administration’s Clean Power Plan began its slow exit from public and regulatory consciousness several months ago? Not really!