The evolving landscape of power includes not only new types of generation, but also involves new investors, including some of the most well-known names in global business. Bill Gates, who co-founded Microsoft with the late Paul Allen, formed Breakthrough Energy Ventures (BEV) in 2016, a group that supports battery energy storage, nuclear power innovation, geothermal, […]
GE Renewable Energy has made major gains in orders for its 5.3-MW Cypress onshore wind turbine and the 12-MW Haliade-X offshore wind turbine. Prototypes of both are still being tested in the Netherlands. Key Contracts for Innovative 5-MW Onshore Machine The GE business division introduced the first turbine in the Cypress platform, a 4.8-MW machine, […]
At the end of last year, the power market began to lose steam. The credit market wasn’t as strong as it was at the start of the year and many people began speculating “doom and gloom” for the market. However, over the last few months, the power market has picked up and is beginning to […]
Research from the University of Tokyo, along with that of two other groups, shows Japan’s coal-fired power plant fleet is at economic risk as the country adds more generation from renewable energy resources such as solar and wind. The report, called “Land of the Rising Sun and Offshore Wind,” released Oct. 6 and based on […]
Solar power is expected to take a larger share of global power generation across the next 30 years, according to the U.S. Energy Information Administration (EIA), as renewable energy continues to be adopted worldwide. The EIA’s International Energy Outlook 2019 (IEO2019), released Oct. 2, shows 28% of the world’s power came from renewables in 2018, […]
The energy industry is currently moving from a traditional, highly regulated production model dominated by electricity utilities to a decentralized, deregulated model featuring a higher proportion of renewable energy sources such as wind and solar power. With subsidies in decline, renewables are reaching grid parity—with costs equal to or less than traditional sources. Not surprisingly, […]
Hydrogen is emerging as a formidable player in the energy transition, owing to its potential to decarbonize a range of sectors and its versatility. According to a June 2019–released report prepared for the G20 by the International Energy Agency (IEA) and the government of Japan, 76% of dedicated hydrogen produced today (around 70 metric tons) […]
ENGIE, the world’s largest independent power producer, has signed an innovative volume firming agreement (VFA) with Microsoft that will allow the technology giant to buy “firm” power from wind and solar projects in Texas under a specially structured power purchase agreement (PPA). The companies on Sept. 24 said the long-term PPA will allow Microsoft to […]
DTE Energy has announced a goal to achieve net-zero carbon emissions by 2050, following steps by Duke Energy, American Electric Power, and NRG Energy to do the same over the past two weeks. The Detroit-based company on Sept. 26 said it would go beyond its existing commitment to reduce carbon emissions 50% by 2030 and […]
Winners of The Cleanie Awards—the only comprehensive awards program focused exclusively on the clean energy industry—were unveiled on Sept. 24 during North America Smart Energy Week in Salt Lake City, Utah. “The Cleanie Awards honors companies and individuals at the forefront of innovation for the clean technology and renewables industries,” said Elyssa Haynes, program director for […]
