The New York Independent System Operator (NYISO) has proposed incorporating the social cost of carbon into the wholesale price of electricity. According to an October-released study conducted by the consulting firm Analysis Group, “A carbon price in NYISO’s competitive wholesale power markets can help deliver New York’s clean-energy transition in faster, cheaper, more reliable, more […]
According to experts from Technical University of Applied Sciences (OTH) in Regensburg, Germany, who recently reviewed the world’s existing power-to-gas (P2G) hydrogen and methane projects, about 143 P2G projects have operated since 1988 in 22 countries. Only 56 hydrogen and 38 methanation projects were active in 2019. While the existing fleet mostly comprises pilot or […]
In its November 2019–issued World Energy Outlook, the International Energy Agency (IEA) suggests that if countries pursue currently stated policies, the combined generation share of wind and solar photovoltaic could surge from 7% today to 24% in 2040. This very steep ramp-up of variable renewables will undoubtedly require an emphatic focus on flexibility—the ability of […]
One of the most hopeful statistics regarding the world’s energy goals comes from the U.S. Department of Energy’s National Renewable Energy Laboratory, whose study explained that it’s possible for America
The former Brayton Point coal plant’s transformation into an East Coast logistics and manufacturing center, renewable energy hub, and international seaport is a symbolic milestone representing the first of
While still in its infancy, power-to-gas provides a promising approach to convert renewable power into “green” hydrogen and methane, furnishing the renewables sector with a potentially lucrative array of
The market for renewable energy in Turkey has been growing since the country enacted a “Renewable Energy Law” in 2005. Progress has been steady and has ramped up in recent years after renewable energy
Solar power generation continues to increase, with forecasts from BloombergNEF (BNEF) calling for global solar generation to make up 22% of the world’s electricity by 2050, up from about 2% today. BNEF has
Israeli Group Supports Construction of 1.3-GW Gas-Fired Plant. The Israeli National Infrastructure Committee on Nov. 4 approved a plan to build Israel’s largest privately run power plant, saying the facility
Decarbonization is a word that seems to be used quite regularly these days. For the power industry, it refers to the shift in electric generating resources from carbon-heavy coal to carbon-free nuclear or
