How Will PG&E’s Bankruptcy Impact the CleanTech Industry?
On January 14, 2019, California’s largest utility, PG&E, filed a bankruptcy notice stating that it plans to file for Chapter 11 bankruptcy by the month end on January 29th. Given its business situation, PG&E must proceed with the bankruptcy process unless lawmakers step in because PG&E’s current liabilities from California’s 2017 and 2018 fires are about 10 times PG&E’s current market cap of $3.5 billion, which is down 90% since last Fall. Obviously, this is a big issue for the cleantech industry since PG&E covers a territory that runs from Eureka to Bakersfield, including 106,000 miles of electric grid.
New Fund Betting on Clean-Tech Startups
A California incubator that houses and nurtures clean-energy startups is expanding into venture capital.
Tata Power Seeks to Install EV Charging Stations as Demand Growth Slows
Tata Power Co. is seeking to set up electric vehicle chargers in the Indian capital, a company official said, as one of the most polluted cities on earth plans an ambitious push toward cleaner vehicles.
GE Digitizes Tata Power Fleet in India
Tata Power in India has this week started utilizing a digital asset management system from GE to optimize its thermal fleet.
128-MW Rio Grande Wind Farm Will Use Siemens Gamesa Turbines
This week Siemens Gamesa said it signed its third contract in so many years with Voltalia in Brazil to supply wind turbines for wind farms the company is building.
Germany to Auction Even More Offshore Wind
Chancellor Angela Merkel’s government is set to hold more auctions for offshore wind power, plugging a current gap in tenders for the next three years that the industry has said would harm turbine makers and hamper green targets.
Corporations More than Doubled Commitment to Renewable Energy in 2018
Corporations signing PPAs with renewable energy power producers have been on the rise for quite some time but in 2018, the group as a whole purchased more than double the clean energy they purchased in 2017.
Facebook's Data-Center Landlord Strikes Deal to Add Solar Power
Facebook Inc. is boosting its clean-energy efforts with a deal to help run a Virginia data center where it leases space with solar power.
GE Combines Renewable Generation and Grid Businesses to Increase Efficiency
GE announced today that it sees a future in housing its renewable generation businesses (onshore and offshore wind, hydropower) alongside its grid businesses which include substations and transformers plus solar, storage and distributed energy resource (DER) control software. GE Renewable Energy CEO Jerome Pecresse said in a press conference that the move will simplify the lives of GE’s customers by giving them one point of contact for all of their renewable energy power needs.
Digitalizing Wind Power: Myths, Challenges and Approaches