Day: February 4, 2019
OPEC Oil Price Squeeze To Leave Renewable Energy Unscathed
While OPEC is helping drive down global prices for crude, it’s having less success squeezing the $250 billion clean power industry.
German Fossil Fuel Giant Jumps on Renewables Bandwagon
Germany’s biggest utility E.ON — long a pillar of the country’s fossil fuel and nuclear industry — dropped a bombshell on Europe’s business world with the announcement that the multinational was exiting the conventional energy market in favor of a new business model based on renewables, intelligent…
German Utility EON To Ditch Fossil Fuel Arm, Focus on Renewables
EON SE’s plan to spin off its fossil fuel plants marks a watershed moment in Germany’s renewables effort that will likely bolster the country’s already leading position in clean energy.
Gas and Coal To Replace Hydropower in Brazil, Pollution to Follow
The Brazilian government is seeking to award contracts in an auction tomorrow for natural gas- and coal-fueled power plants, reversing a drive that previously favored renewable-energy projects. It would lead to the first new thermal plants in three years, after the government scaled back such…
Japan Should Continue Its Road Towards Renewables
The power sector crisis in Japan has entered a new stage. The recent refusal of Japanese utilities to grant grid access to new renewable energy projects should not be seen as a failure of Japan’s renewable energy policy, but as a consequential and necessary phase to extend Japan’s technological…
EPA's Plan to Curb Carbon Pollution Can Save Billions
The news about the Environmental Protection Agency’s plan to limit carbon pollution from existing power plants just got even better: the proposed Clean Power Plan (CPP) can save the power industry and its customers — us — as much as $2 to $4 billion in 2020 and $6 to 9 billion in 2030, while…
Investing in Innovative Ideas for a Clean Energy Future
The clean energy revolution is now, and the U.S. Energy Department is stepping up its commitment to help innovators commercialize their best ideas. At the recent Industry Growth Forum (IGF) in Denver, Colorado, Assistant Secretary for Energy Efficiency and Renewable Energy David Danielson announced…
Siemens Announces Plan to Exit Marine Power Sector
Technology and equipment giant Siemens AG has decided to sell its tidal energy company, Marine Current Turbines Ltd., citing slow development in the marine and hydrokinetics sector.
Wind Energy Provides More Than Two-Thirds of New US Generating Capacity in October
According to the latest "Energy Infrastructure Update" report from the Federal Energy Regulatory Commission's (FERC) Office of Energy Projects, wind power provided over two-thirds (68.41 percent) of new U.S. electrical generating capacity in October 2014. Specifically, five wind farms in Colorado,…
Energy Efficiency and Renewables Are Lowest Risk/Cost Investments for Utilities
A new report by utility and finance experts contains positive news for the environment, our air and our (and our utilities’) pocketbooks — the economics of electric power resources have made zero-emissions energy efficiency and renewable energy technologies the most financially attractive options…