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.
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 grid systems, energy management and other services. Indeed, the company seems finally to have drawn the logical consequences from the Energiewende, Germany’s renewable energy transition, after years of resisting the ambitious transformation of the nation’s energy supply.
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.
Leaked Internal Presentation Details the Oil Industry's Campaign to Stop Clean Energy
The Western States Petroleum Association (WSPA) — whose members include Chevron, ExxonMobil, Shell, ConocoPhillips, BP, and others — was caught red-handed late last month when a leaked internal presentation revealed a coordinated campaign to stomp out climate and clean energy progress in California, Oregon and Washington by propping up over 15 front groups that purport to represent the views of concerned citizens and the broader business community.
Marine Power May Suffer More Casualties After Siemens Tidal Sale
The downfall of two leading marine- energy developers is damping hope that the emerging industry, which has already lost almost $1 billion, will ever get the technology to market.
In Clean Energy, Macro Trends Trump Midterm Political Winds
Let's review some notable news headlines from the month of November.
NHA, OREC Partner to Create Marine Energy Council
The National Hydropower Association and Ocean Renewable Energy Coalition have announced the formation of the Marine Energy Council, which will offer a new home for marine energies at NHA.
Sage Advice is the Highlight of the Women in Power Luncheon
The advice that Pennwell’s 2014 Woman of the Year, Mary Powell, gave to women in the power industry during Tuesday’s Women in Power Luncheon might come as a surprise to some. It was this: Stop undercutting each other. Powell said the most difficult obstacles she has encountered in her various leadership roles have not come from men, but rather from other women. Small comments like “I don’t know how you do it [being a mom and holding a high-level job]”, serve to bring doubt and uncertainty to high achieving women in any industry, and ultimately can lead to women exiting their careers in order to fit what they perceive is the societal norm.
India Plans Renewables Splurge, But Will Not Commit to Carbon Plan
India, the world’s third-largest polluter, will spend at least $100 billion on climate-related projects but isn’t ready to follow China and the U.S., the top two emitters, in promising to limit its fossil-fuel emissions.
Renewable Energy Matchmaking: Newest Key to Reaching 2020 Sustainability Goals
The siren call of 2020 corporate environmental sustainability goals is quickly getting louder, as corporate leaders realize they must go further today to achieve their sustainability targets for tomorrow. Increased use of renewable energy is an ambitious goal for some of the world’s largest companies, as 59 percent of the Fortune 100 and nearly two-thirds of the Global 100 have set GHG emissions reduction commitments, renewable energy commitments or both, according to a recent Ceres’ report, Power Forward: Why the World’s Largest Companies Are Investing in Renewable Energy. One global consumer products company, for example, plans to derive 30 percent of its energy from clean sources by 2020.