Climate change

Joe Biden on Nov. 7 clinched the 270 electoral votes needed to win the presidency, barring Donald Trump’s prospects for a second-term. Almost immediately, reactions from various parts of the power sector streamed in, highlighting possibilities and pitfalls of Biden’s wide-ranging energy and environment agenda.  Energy, and its implications on the environment, figured prominently as […]

Though vote-counting continued in the tight presidential race on Nov. 5, voters in Nevada and New Mexico appear to have made headway on crucial energy initiatives on the ballot.  Nevada Approves a 50% by 2030 RPS  In Nevada, the presidential race remained closely contested on Thursday morning with pundits predicting that a victory there for […]

Decarbonization is posing a fundamental dilemma that could have widespread serious implications for the power sector: the clean energy transition, if not properly managed, could increase water stress, or be

Arguments continue about the impacts of climate change, but there’s little debate when it comes to where banks and other investors are putting their money. Shareholders and institutional investors are

In mid-August, the western U.S. experienced some of the most extreme heat it has encountered in recorded history. Temperatures in some locations were up to 20F above normal. During the hot spell, California

Black & Veatch is ending the company’s participation in coal-based power market design and construction, saying it will allow the company to focus on clean energy technologies. The engineering and construction giant’s announcement Oct. 29 comes just more than a month after another major energy company, General Electric, said it would exit the new-build coal […]

Japan, an island nation that is currently heavily reliant on coal and gas power, will be carbon neutral in 2050, the country’s newly appointed prime minister Yoshihide Suga pledged in an Oct. 26 speech.   The announcement by Suga in his first major policy speech to the national Diet was not unexpected for the nation […]

Tax credits and incentives, also known as C&I, have long been important to support the growth of energy technologies, from oil and gas exploration to solar and wind power. Federal tax credits have lifted the U.S. renewable energy industry over the past decade, leading to rapid growth in the sector. Laurence Sotsky is the CEO […]

The decision to formalize the firm’s offering follows the establishment of the firm’s Global Hydrogen Practice Group back in June WASHINGTON, D.C. and LONDON, October 13 2020 – Baker Botts L.L.P., a leading international technology and energy law firm, has launched a dedicated Carbon Capture, Utilization and Storage Practice Group within the firm’s Energy sector. […]

Vistra has announced seven new renewable energy projects that will add about 1,000 MW of solar and energy storage to the company’s generation fleet. The company also said it would retire its coal-fired power plants in Illinois and Ohio as part of an effort to reduce carbon emissions as it established new long-term emissions reduction […]

Chinese President Xi Jinping said he wants his country to “achieve carbon neutrality before 2060.” It will not be an easy task for the world’s largest emitter of greenhouse gases (GHG). China, though it has canceled some planned thermal power plants over the past several years, has as much as 200 GW of coal-fired facilities […]

Entergy Corp., an integrated energy company with a 30-GW power generating fleet, took a bold step toward decarbonization on Sept. 23, announcing it would join forces with Mitsubishi Power to integrate green hydrogen into utility businesses in Arkansas, Louisiana, Mississippi, and Texas.  Entergy will focus on developing hydrogen-capable combined cycle gas turbine (CCGT) facilities and […]

America’s energy systems are being led by renewables development, both now and in the foreseeable future. There should be no real argument about what the future of our energy economy looks like. Not just because renewables bolster needed decarbonization efforts, but because renewables are a better economic solution and embody core principles of American entrepreneurism. […]

In a stunning announcement, Exelon Generation, which operates the largest U.S. fleet of nuclear plants—21 reactors at 12 facilities in Illinois, Maryland, New York, and Pennsylvania—said it will retire the Byron and Dresden generating stations next fall for economic reasons. “Although we know in our heads that shutting down the uneconomic Illinois plants is necessary […]

South Korea has flourished over the past six decades, transforming its place on the world stage. However, progress has come at a price—far higher than average pollution generated from its energy grid. On its path of progress, the country has capitalized on the promise of cheap coal power. Meeting its energy and emissions goals will […]

Two reports analyzing energy transitions toward low-carbon resources released this week offer mixed assessments of how the power industry is faring in efforts to tamp down carbon emissions.  The World Benchmarking Alliance (WBA), a broad group of stakeholders committed to 17 Sustainable Development Goals developed by the United Nations (UN) in 2015, on July 6 launched […]

May 19, 2020 — With industry accounting for more than one-fourth of U.S. greenhouse gas emissions, its decarbonization is essential for combating climate change, according to a report released today that shows energy efficiency is a key way to slash these industrial emissions. Decarbonizing industry by midcentury will require a transformation in what we make and […]

Much has been written about renewable energy, but few stories have focused on the complexity of determining the optimal mix of solar and wind generation, and the kind and amount of energy storage, that

Braintree, MA — Competitive Power Ventures (CPV) celebrates Earth Day by announcing that more than 15 million tons of carbon dioxide (CO2) emissions have been avoided since 2011 because of the company’s new, highly-efficient electric generation facilities, which is the equivalent of removing more than 3 million cars from the road for a year. CPV […]

CHARLOTTE, N.C. (April 28, 2020) – Duke Energy (NYSE: DUK) today released a pair of data-driven reports outlining the company’s recent accomplishments and path to advance its critical environmental, social and governance (ESG) initiatives. The company’s Sustainability Report details the company’s performance in four key areas – customers, growth, operations and employees. The report also is available […]

Here’s the good news: humanity knows how to solve climate change. Wind, solar, energy storage, and efficiency technologies are cost-competitive, fully mature solutions that are ready to be deployed everywhere. Wind and solar are now the cheapest forms of new energy to build and continue to get cheaper. COMMENTARY Now the bad news: market inertia […]

Legal challenges to the Trump administration’s Affordable Clean Energy (ACE) rule began in earnest April 17, as more than two dozen states and cities, along with several environmental activist groups, filed briefs with the U.S. Court of Appeals in Washington, D.C., seeking a rollback of power plant regulations that also have been decried by coal […]

The Environmental Protection Agency (EPA) on April 16 withdrew the legal justification for an Obama-era rule that required coal-fired power plants to reduce their emissions of mercury. The Mercury and Air Toxic Standards (MATS) remains in place, but Thursday’s action by the Trump administration could prevent similar regulations from being implemented in the future. EPA […]

The need to reduce carbon emissions is real. In 2018, the International Panel on Climate Change (IPCC) reported that global emissions would need to reach net-zero (or carbon-neutral) by 2050 to prevent severe climate change impacts. Electricity is a major contributor—electricity generation was responsible for approximately 33% of total CO2 emissions in the U.S. in […]

At first view, marine energy developer Minesto’s novel underwater “kite” technology may be easily dismissed as a fanciful concept, one of dozens introduced over the last decade to reap the immense ocean

While it is currently highly dependent on natural gas generation today, about 95% of ISO-New England’s (ISO-NE’s) interconnection request queue—a proposed total capacity of 20.9 GW—comprises wind, solar, and battery projects. That clearly indicates that developers in New England’s wholesale market “are looking to take advantage of state incentives, declining technology costs, and revenues from […]

Mitsubishi Hitachi Power Systems (MHPS) has bagged an order for the first advanced-class gas turbines designed to transition to renewable hydrogen fuel from Utah’s state-owned Intermountain Power Agency (IPA). MHPS’s Lake Mary, Florida–based subsidiary MHPS Americas (MHPSA) on March 10 said that the contract for two M501JAC power trains are the first in the industry […]

A UK-based hedge fund billionaire is urging large central banks to end their funding of coal-fired power plant projects. Chris Hohn, founder of TCI Fund Management and a champion of causes to combat climate change, expressed his concerns in letters published March 1 to the Bank of England, the European Central Bank, Barclays, HSBC, and […]