Group Forecasts Massive Increase in Energy Storage by 2030

Global installations of energy storage systems will experience rapid growth this decade, resulting by the end of 2030 in gigawatt capacity more than 20 times larger than the amount online…

Corporate Clean Energy Purchases Hit Record

The coronavirus pandemic and resulting global economic slowdown curtailed some energy projects in 2020, but corporations worldwide still bought a record 23.7 GW of clean power through long-term purchase agreements.…

Is LCOE the Best Metric for Choosing New Power Resources?

Costs for wind and solar power systems have been declining for years thanks to technology improvements, economies of scale, and fierce competition in auctions. In the second half of 2019,…

Power Loads Changing as Coronavirus Impacts Energy Sector

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…

Report: Investment in Renewables Hit Record High in 2019

Financial support for installations of offshore wind projects helped investment in renewable energy capacity hit a record high in 2019, according to data from research company BloombergNEF (BNEF) released Jan.…