PG&E's Woes Have Spread to New York's ConEd, 3,000 Miles Away
PG&E Corp.’s woes are spreading to the East Coast.
EIA Sees Strong Renewable Growth Over Next Two Years
EIA expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years. EIA’s January 2019 Short-Term Energy Outlook (STEO) forecasts that electricity generation from utility-scale solar generating units will grow by 10 percent in 2019 and by 17 percent in 2020. According to the January STEO, wind generation will grow by 12 percent and 14 percent during the next two years. EIA forecasts total U.S. electricity generation across all fuels will fall by 2 percent this year and then show very little growth in 2020.
Snowy Hydro chooses contractors for 2-GW Snowy 2.0 project
Snowy Hydro Limited in Australia recently announced it has chosen several contractors to work on the 2-GW Snowy 2.0 project.
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.
What Does the Nuclear Power Phase-Out Mean for Energy Storage?
The power industry is facing a nuclear power dilemma, according to a report published by The Union of Concerned Scientists. UCS assessed the economic viability and performance of nuclear power plants operating in the United States and concluded that the retirement of these plants will likely result in the adoption of coal and natural gas for baseload power generation, two energy sources that contribute to carbon dioxide emissions.
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.
Caribbean Island Gets 6 MW Energy Storage System
A 6 MW energy storage project is being installed on the Caribbean island of Bonaire by Finnish technology company Wartsila.
Siemens Working with DOE Labs on Solar, Energy Storage and EVs
They could collaborate on technologies to help integrate innovative power electronic devices with the electric grid, including smart inverters for solar panels, batteries, and electrical vehicles that are capable of supporting the nation’s power system.
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.
Vermont Solar-storage Projects Aim to Lower Costs During Peak Demand
A Vermont utility is adding solar panels and battery storage in hopes of lowering costs and improving reliability on hot summer days when electricity demand — and prices — tend to spike.