Renewables
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Renewables
A Bigger Splash: The State of Ocean Energy
The ocean power sector is still in its early stages of development, shackled by high development and operational costs. Trends emerging over the past two years hint at which technologies could dominate the sector’s future. Despite decades of research and development that have yielded several innovative ways of using oceans to fuel power generation, the […]
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Renewables
Exelon’s Legislative Effort to Save Illinois Nuclear Plants Moves Forward
The latest attempt by Exelon Corp. to save two of its struggling Illinois nuclear power plants passed a critical hurdle late last week: the Future Energy Jobs Bill—known as SB 2814—was introduced in the Illinois state General Assembly, after passing the House Energy Committee by a 9–1 vote. Exelon claims the bill would save and […]
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Renewables
COP22: Countries Challenge the World to Advance Clean Energy
Meeting in Marrakesh, Morocco, during the most recent United Nations climate change conference (COP22), Mission Innovation countries—a group of nations whose stated mission is to accelerate the pace of clean energy innovation—launched seven innovation challenges, designed as a global call to action for the research community, industry, and investors. The challenges are: Smart Grids Off-Grid […]
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Legal & Regulatory
FirstEnergy Wants Out of Competitive Power Markets
FirstEnergy Corp.—one of the nation’s largest investor-owned electric utilities, serving customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York—has made the strategic decision to exit the competitive power business. “We have made our decision that over the next 12 to 18 months we’re going to exit competitive generation and become a fully […]
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Legal & Regulatory
Election Roundup: What Trump’s Win Means for Energy and Environment
Donald Trump’s stunning victory in the U.S. presidential election portends enormous changes in U.S. energy and environmental policy, and a nearly complete turnover of the men and women who will administer that policy for the next four years.
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Renewables
Two Deals Shake Up Northeastern Power Landscape
TransCanada—a leading North American energy company—has struck deals to sell its U.S. Northeast Power business. LS Power will acquire three principally natural gas–fired power plants and a wind farm from TransCanada, while ArcLight Capital Partners will buy 13 hydropower facilities located in Vermont, New Hampshire, and Massachusetts. “The sale of our merchant U.S. Northeast Power […]
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Renewables
Elon Musk: ‘The Future Is Bright for Utilities’
Although many observers consider Elon Musk—the visionary entrepreneur who leads Tesla Motors and SpaceX—to be a disruptive force threatening the conventional power industry, he believes power companies have a bright future, if his goal to expand the use of electric cars and install vast numbers of rooftop solar systems is achieved. Speaking during a presentation […]
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International
Massive Scottish Tidal Stream Project’s First 1.5-MW Turbines Are Unveiled
Four 1.5-MW tidal stream turbines that will make up the first phase of the massive MeyGen project proposed for installation in the Pentland Firth, have been fully assembled. Three of the turbines were built by Andritz Hydro Hammerfest. Tidal power generation firm Atlantis Resources, which owns 85% of the MeyGen project, built the remaining one, […]
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Legal & Regulatory
Germany Puts the Brakes on Rapid Renewables Expansion
In July 2016, the German parliament approved three major pieces of legislation specifically laying out the future of the celebrated Energiewende: the 2017 revision of the Renewable Energy Sources Act, the Electricity Market Act, and the Act on the Digitization of the Energy Transition. “These three pieces of legislation will ensure that the transition of […]
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Legal & Regulatory
The State of Solar: New Tech, Outdated Rate Designs
As installed capacity in the U.S. continues its breakneck growth, the solar photovoltaic sector is poised for another leap forward with a variety of new technologies—if increasingly ill-suited regulations and rate designs can be updated to keep pace. The global solar market has moved beyond its early, uncertain days. The luxury of behaving like start-ups […]