Renewables
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Renewables
Siemens Gamesa Cutting 4,100 Jobs in Wind Turbine Unit
Siemens Gamesa plans to cut about 4,100 jobs from its wind turbine division as the company continues to restructure its business. The downsizing, reported May 28 by Reuters, impacts about 15% of the company’s workforce. The news service said the layoffs were noted in an internal letter to staff from CEO Jochen Eickholt. The cuts […]
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Hydrogen
Aramco, Rondo Energy Studying GW-Scale Thermal Storage, Hydrogen, Carbon Capture Deployment
A major global energy and chemicals company has entered into a memorandum of understanding (MoU) with a provider of lower-carbon industrial heat and power, with the groups beginning engineering studies for a project showcasing thermal energy storage, hydrogen production, and carbon capture. Saudi Arabia-based Aramco and California-headquartered Rondo Energy said they executed the MoU on […]
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Hydrogen
DOE Announces Support for Plug Power Hydrogen Production Sites
The U.S. Dept. of Energy (DOE) announced it was preparing to make as much as a $1.66 billion loan guarantee to Latham, New York-based Plug Power, with the money earmarked for construction of as many as six clean hydrogen facilities across the U.S. The DOE on May 14 said the funds were part of a […]
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Renewables
America Exceeds Five Million Solar Installations Nationwide
The U.S. has officially exceeded five million solar installations, marking a significant achievement in the nation’s clean energy transition. This milestone comes just eight years after the U.S. reached one million installations in 2016—a milestone that took 40 years to achieve following the first grid-connected solar installation in 1973. According to data released by the […]
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Commentary
Clean Hydrogen: America’s Promising Next Fuel Source for a Resilient Energy Future
The past few years have shown that the need for cleaner energy sources is only growing, while balancing economic and infrastructure concerns remains vital to safeguard American energy dominance and security. The 2021 Bipartisan Infrastructure Law and 2022 Inflation Reduction Act are two recent examples of massive investments into American infrastructure and jobs, forging ahead […]
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Renewables
Clean Energy Group Receives Financing for New York Community Solar Project
A company that supports solar power and battery energy storage systems (BESS) is part of a project that will support a portfolio of community solar projects across the state of New York. Houston, Texas-headquartered Catalyze, which finances, builds, owns, and operates solar and BESS installations, on May 15 said it had secured $100 million in […]
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Renewables
Report: Renewables Generating Nearly One-Third of Global Electricity
A UK- based global research group said continued growth in wind and solar power increased power generation from renewable energy to nearly a third of worldwide electricity output last year. Ember, a think tank headquartered in London, in its “Global Electricity Review 2024” released May 8 wrote that the numbers show a goal to triple […]
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Renewables
Siemens Gamesa Changes CEO, Announces Job Cuts as Part of New Focus
Siemens Energy announced an overhaul of its struggling wind power division on May 8, unveiling plans for a new CEO for its wind turbine business and also saying job cuts would be included in the plan. The news came on a day when the company raised its revenue outlook and also said it needed to […]
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Hydrogen
Major Hydrogen Project Breaks Ground in Arizona, While Dispute Over Tax Credit Looms
An Australia-based global metal mining and green energy company has broken ground on a major hydrogen production project in Arizona, part of what the group’s founder said could be several planned clean energy investments in North America. Dr. Andrew Forrest, executive chair and founder of Fortescue, at the May 3 groundbreaking for the Arizona Hydrogen […]
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Hydro
China Brings High-Elevation Hydropower Project Online
The first unit of one of the world’s highest-elevation hydropower plants began operating in China in April. China Energy said the Maerdang hydropower station (Figure 5), sited at more than 16,000 feet above
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Hydrogen
Decarbonizing the Power Industry with Low-Carbon-Intensity Hydrogen
Transformational changes in the energy space will need to occur to meet the current global community’s decarbonization and climate protection commitments. Low-carbon-intensity hydrogen could provide valuable
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Smart Grid
Edge Computing May Be the Future of Power Distribution
A more distributed power distribution network will help utilities better navigate the wave of changes resulting from the smart grid. Very few industries will experience the rapid change that power distribution
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Legal & Regulatory
Planning for ‘Flip Dates’ in Tax Equity Partnerships
The U.S. government offers certain benefits to renewable energy projects, primarily in the form of tax credits and depreciation. But the reality is that a growing number of tax-equity partnerships are reaching the end of their lifespan, and the sponsors and tax-equity investors in these projects need to be preparing for the future. In fact, […]
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Interview
The POWER Interview: The IRA’s Impact on Tax Credits, Tax Equity, and Renewable Energy
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 […]
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Solar
Feds Release Final Rules on Clean Energy Tax Credits
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, […]
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Renewables
Renewable Energy for All Seasons
When talking about renewable energy generation, the seasonal nature of these energy sources often raises questions. Will a solar array provide enough power during periods of cloudy weather or during shorter winter days? Can a wind turbine be effective on days with little to no wind? COMMENTARY We know that renewable energy relies on environmental […]
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Solar
Renewable Energy Group Buys 12 New York Community Solar Projects
BW Solar, a Canada-based a developer of community solar, distributed generation, utility solar, and utility-scale storage assets, said it has sold 12 New York community solar projects with a combined capacity of 76.7 MW to Catalyze, a clean energy transition company that finances, builds, owns and operates solar and battery storage systems. The groups on […]
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Electrification
Groups Collaborate to Electrify Chemical Processing Plants
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 […]
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Hybrid Power
Navigating the Interconnection Queue Is One of Many Challenges Clean-Energy Projects Face
There are several obstacles to overcome when building a clean-energy project, but perhaps the biggest is getting through the generator interconnection queue (GIQ). Every regional transmission organization (RTO) and independent system operator (ISO) in the U.S. has a significant backlog in its GIQ and processing interconnection requests can take years to complete. This has created […]
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Hydrogen
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 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 […]
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Renewables
Global Utility Alliance Calls for Tripling Renewable Energy Capacity
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 […]
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Hybrid Power
Trina Storage, Pacific Green Sign Energy Storage Deal at UAE Summit
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 […]
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Legal & Regulatory
FERC Proposal Would Cut Reactive Power Compensation, a Potential Hit to Independent Power Producer’s Revenue Mix
In a time where capacity revenues are pricing lower and many generation owners find that their facilities are not being dispatched for energy on a consistent basis, reliable revenue streams are increasingly important. In addition to selling energy and capacity, many generation facilities collect fixed, monthly payments for the provision of “reactive power,” which are […]
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Solar
Clean-Energy Companies Urge Congress to Pass Siting, Permitting, and Transmission Reform
Nearly 200 solar and storage companies sent a letter to congressional leaders on April 17 calling for legislation to improve permitting, project siting, transmission, and public lands access for solar and solar plus storage projects. Market forecasts show that a range of policy and economic outcomes will determine the volume of solar deployment over the […]
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Renewables
Japan Energy Giant Launches UK-Headquartered Renewable Energy Group
The largest electric power company in Japan announced the spinoff of a new global renewable energy business, and said the venture would be headquartered in London in the UK. JERA, founded in 2015 as a 50-50 joint venture between TEPCO Fuel & Power, a wholly owned subsidiary of Tokyo Electric Power Co., and Chubu Electric […]
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Commentary
What FERC Order 2023 Means for the Interconnection Queue
In recent years, concerns about the lengthy interconnection queue have dominated headlines. This queue has emerged as a major obstacle to adding new generating facilities to the U.S. power grid. It is primarily caused by grid congestion, permitting issues, extensive infrastructure project delays, and the traditional interconnection study approaches used in many states. To address […]
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Renewables
Major Offshore Wind Project Part of Swedish Renewable Energy Surge
A Sweden-based renewable energy developer, in partnership with the investment arm of Ingka Group–the biggest IKEA retailer–has been issued a permit for construction of a 5.5-GW offshore wind project that would be built in the Baltic Sea. OX2 AB and Ingka Investments on April 3 said officials in Gotland, Sweden, gave the companies a Natura […]
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Solar
Virtual Power Plant Network Supports the Grid and Compensates Customers
Sunnova Energy International Inc., an adaptive energy services company, announced continued investments and expansion to its virtual power plant (VPP) network, providing increased reliability, reduced emissions, and lower costs. With its VPP investments, Sunnova is boosting accessibility in California, Connecticut, Massachusetts, New York, Puerto Rico, Rhode Island, and Texas to enable customers to rapidly access […]
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Energy Storage
BESS Projects Boost Clean Energy in Europe
Portugal has a goal to produce at least 80% of its electricity from renewable energy resources by 2050. Several companies are investing in the country’s power infrastructure, including Powin, an
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Legal & Regulatory
Distributed Power, EAAS—New Ways to Join the Clean Energy Transition
The first image that likely comes to mind when the average energy consumer thinks about renewable energy is some kind of vast (utility-scale) solar or wind farm, or a massive battery project, usually pictured