Renewables

The $2 trillion coronavirus stimulus bill passed by the U.S. Senate on March 25 should provide some economic relief to the nation’s households and businesses, but the renewable energy industry is disappointed the bill does not extend investment tax credits and other incentives to keep wind, solar, and other projects moving forward. Clean-energy industry groups […]

The coronavirus pandemic is expected to slow the growth of renewable energy in 2020, owing to supply chain disruptions and an economic recession. It could make hitting targets for clean energy adoption more difficult, particularly in the short term. Will government officials look to adjust their goals for renewable energy? Perhaps, but with most of […]

WASHINGTON, March 23, 2020 — The nation’s investor-owned electric companies, public power utilities, and electric cooperatives are working together to protect the energy grid and ensure continued access to safe and reliable electricity during the COVID-19 global health crisis. The electric power industry has been planning for years for an emergency like the COVID-19 pandemic, as […]

New York, March 24, 2020: Eka Software Solutions, the #1 cloud platform for commodity management, announced the release of COVID-19 Risk Monitoring, a free app designed to help customers and prospects quickly gain visibility into supply chain risks to better assess and mitigate risk. The app provides specific insights into the impact of COVID-19 by […]

Power industry analysts who’ve spoken with POWER agree there will be an impact to power load due to the COVID-19 pandemic, with the loss of much of the U.S. commercial and industrial demand for power, and certainly an uptick in the amount of demand from the residential sector as more people work from home, away […]

U.S. electric utilities and other energy companies are preparing to have key personnel remain at power plants and operations centers to ensure the facilities remain online during the coronavirus pandemic. The federal government considers power plants part of the nation’s critical infrastructure. The U.S. Department of Homeland Security (DHS) is responsible for working with power […]

Energy groups continue to assess the industry disruption caused by the coronavirus, with the American Wind Energy Association (AWEA) on March 19 saying the global pandemic is putting  $43 billion of wind industry investments and payments at risk. Utilities, grid operators, and other have been altering their routines as state and local governments call for […]

A new report from a half-dozen environmental groups says global banks financed $2.7 trillion of fossil fuel projects from December 2015, when the Paris Agreement on climate was reached, through year-end 2019. The report said funding for such projects has increased in each of the past four years. “Banking on Climate Change 2020,” published March […]

The president of the Solar Energy Industries Association on March 17 said the solar industry is seeing “a pretty significant crisis” along with the overall economy due to the global coronavirus pandemic, as the situation likely will limit growth in the solar sector this year. Abigail Ross Hopper, president and CEO of the SEIA, told […]

Silicon Valley-based SunPower on March 16 said it has secured grid capacity for about 11 MW of power after a winning bid in ISO New England’s 14th Forward Capacity Auction (FCA), in which companies predict the cost of making power in 2023. The auction, which closed in February, saw a record low price of $2 […]