Energy ministers from seven of the world’s largest economies, including the U.S., said they would end the use of “unabated” coal by 2035, but also said countries could extend that deadline if circumstances warrant. The Group of Seven (G7) members, which also include Canada, the UK, France, Germany, Japan and Italy, published a communiqué on […]

The Inflation Reduction Act (IRA) represents the largest incentive effort for clean energy in U.S. history. Its impact touches multiple sectors, including solar, wind, hydrogen, energy storage, and more. The IRA includes more than 70 investment, production, and excise credits designed to facilitate the transition to cleaner energy production. The legislation promotes advanced manufacturing, and […]

Renewable energy project developers now have important clarification about the transferability of clean energy tax credits, as the U.S. Treasury Dept. and the Internal Revenue Service (IRS) released final rules on the issue on April 26. The Inflation Reduction Act (IRA) passed in 2022 created two new credit delivery mechanisms—so-called elective pay or direct pay, […]

Three major chemical processing companies announced the startup of a demonstration plant to show the viability of large-scale electrically heated steam cracking furnaces. BASF, SABIC, and Linde on April 17 said the facility, at BASF’s Verbund site in Ludwigshafen, Germany, will begin operating after three years of development, engineering, and construction work. The three groups […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   April 22, 2024 Hungarian Group Inaugurates Green Hydrogen Production Project A Hungarian company that operates refineries and petrochemical plants, and runs service stations across Central and Eastern Europe, said it is set to begin commercial operation of a 10-MW green… Gas Turbine […]

A Hungarian company that operates refineries and petrochemical plants, and runs service stations across Central and Eastern Europe, said it is set to begin commercial operation of a 10-MW green hydrogen production plant in Százhalombatta, Hungary. MOL Group, headquartered in Budapest, said the plant will produce 1,600 tonnes of hydrogen annually using electricity from renewable […]

A group that represents utility companies worldwide said its members want to nearly triple their renewable energy generation capacity by 2030. The Utilities for Net Zero Alliance (UNEZA), which was formed at last year’s COP28 climate summit in Dubai in the United Arab Emirates (UAE), said the group collectively wants to increase its green energy […]

An energy storage division of a global solar power provider announced it has signed a letter of intent to supply equipment for several energy parks being developed by a UK-based renewable energy company. Trina Storage, part of China-headquartered Trina Solar, on April 19 said it would partner with London-based Pacific Green on several projects, and […]

POWER Magazine   Jobs   White Papers  Webinars   Events   Store   April 17, 2024 Group Says Record 117 GW of New Wind Power Generation Installed in 2023 A report from a leading wind power trade association said a record 117 GW of new wind energy generation capacity was installed worldwide last year, a […]

A report from a leading wind power trade association said a record 117 GW of new wind energy generation capacity was installed worldwide last year, a 50% increase from the prior year. The “Global Wind Report 2024,” published April 16 by the Global Wind Energy Council (GWEC), said “the world is moving in the right […]