North American shale gas was supposed to realign the generation fleet here and abroad (thanks to anticipated exports) far into the future. Turns out, that’s not exactly how the near term is shaping up. Despite stagnant (and even putrid) economies and legislative bodies in the U.S. and EU, there promises to be sufficient market volatility to keep everyone alert.
The recent explosive growth of massive solar plants in some of the world’s most remote deserts has stolen some of the spotlight from smaller solar installations that float on water. But in November, a concept proposed by researchers at Norwegian foundation DNV (Det Norske Veritas) for a dynamic floating offshore solar field concept stirred up myriad possibilities, particularly for congested urban regions such as coastal megacities.
Global generating capacity is poised to soar by more than 72%, to 9,340 GW, by 2035 from 5,429 GW in 2011, despite retirement of about 1,980 GW, the International Energy Agency (IEA) forecasts in its World Energy Outlook 2012, released in November.
Last week, as the broader debate over the "fiscal cliff" muted discussions over whether an extension to the wind production tax credit (PTC) should be granted, the top ranking executive of wind power lobby group the American Wind Energy Association (AWEA) last week announced her resignation.
The Department of Energy (DOE) on Friday announced a $29 million investment in four solar projects aimed at improving grid connection and reducing installation costs through plug-and-play technologies and reliable solar power forecasts. The awards are part of the agency’s SunShot Initiative, which is working to make solar energy competitive with other forms of energy without subsidy by the end of the decade.
Fuel for power generation will account for about 55% of demand-related energy growth through 2040, ExxonMobil forecasts in its freshly released annual energy forecast. Like several other forecasters, the Irving, Texas–based oil and gas company also predicts that natural gas will emerge as the leading source of electricity generation by 2040. Among key findings in […]
The American Wind Energy Association (AWEA), an industry trade group that has forcefully been lobbying for an extension of the production tax credit (PTC) that is set to expire on Dec. 31, on Wednesday asked congressional lawmakers to instead consider a future phase-out of its primary federal incentive. The group said that even if temporary, an extension of the performance-based market mechanism was critical "to allow the industry to invest in the cost-saving technologies required to finish the job."
A new report commissioned by the Department of Energy (DOE) surveying offshore wind potential in the U.S. finds that establishing an offshore wind sector could drive more than $70 billion in annual investments by 2030. Citing that report, the DOE on Wednesday announced awards for seven offshore wind demonstration projects in Maine, New Jersey, Ohio, Oregon, Texas, and Virginia as part of efforts to launch a U.S. offshore wind industry and support offshore installations in state and federal waters for commercial deployment by 2017.
Compared to projections from last year, an Early Release Overview of the Energy Information Administration’s (EIA’s) Annual Energy Outlook 2013 (AEO2013) released on Wednesday foresees higher gas production and, with it, a higher share of gas generation by 2040. The outlook also projects a growing share of renewable and nuclear power, but dampened future coal use.
U.S. Secretary of Energy Steven Chu announced on Oct. 30 that a multi-partner team led by Argonne National Laboratory in Illinois has been selected for an award of up to $120 million over five years to establish a new Batteries and Energy Storage Hub.