Markets

The Solar Energy Industries Association, the national trade association for the U.S. solar industry, reports that solar power has grown in the U.S. at a compounded annual rate of 59% since the solar investment

The inaugural integrated system plan (ISP) released by Australia’s Energy Market Operator (AEMO) in mid-July warns that the country is in the midst of a “transformative and unprecedented” rate of change

Lawmakers in California’s Assembly on August 28 cleared a key vote on a bill that would require the state to obtain 100% of all retail electricity sales from renewable and zero-emissions resources by 2045.  The state’s Assembly voted 43–32 in favor of SB 100. The bill, which now heads to the state Senate for a […]

FirstEnergy Solutions Corp. (FES) notified PJM Interconnection, the regional transmission organization (RTO), of its plans to deactivate four fossil-fuel generating plants in 2021 and 2022. In a press release issued on August 29, the company said it “is closing the plants due to a market environment that fails to adequately compensate generators for the resiliency […]

A spate of major power companies—including American Electric Power (AEP) and Southern Co.—have acquiesced to investor pressure and announced drastic cuts to their generating fleet carbon emissions over the long term. Industry group Edison Electric Institute (EEI) this week launched an official industry-designed template to help its member utilities better inform investors about their environmental, […]

The power market is changing. It’s being driven more and more by the retail side of the business, according to Roy Palk, Esq., president of New Horizons Consulting. Palk will give a presentation titled “The Rise of Distributed Energy — New Challenges Bring New Opportunities” during the Distributed Energy Conference, which will be held at […]

Energy industry experts speaking at the MEGA Symposium in Baltimore, Maryland, on August 21 agreed that storage is becoming more important to the overall mix of U.S. power sources. They also said utility-scale storage solutions remain “years away,” even as technology advancements in battery systems occur more rapidly. Panelists at the session entitled “The Transformation […]

It’s no secret that the gas turbine market in the Americas has been tough in recent years. Across the industry, there have been reports of shrinking orders, forcing drastic measures to cut costs, including restructuring of businesses and cutting large numbers of jobs. The story from Mitsubishi Hitachi Power Systems has been markedly different. In […]

According to the International Energy Agency, global natural gas trade has grown by more than 40% over the past 15 years. Over the next five years, current trade flows are expected to significantly diversify, boosted by development of liquefied natural gas (LNG) infrastructure. LNG trade, which grew by 11% in 2017 to 391 billion cubic […]

Do you drive an electric vehicle (EV)? If you answered yes and live in the U.S., you’re among the roughly 1% of drivers doing so in this country. If not, how soon do you think it will be before you become