coronavirus

It is human nature to avoid spending money on preparations for an event that may never happen. However, as we all continue to adapt to a COVID-19 world, there is a new awareness of low probability, high impact events. If the consequences of a statistically unlikely event are devastating to the economy, the survival of […]

The coronavirus pandemic has triggered a macroeconomic shock that is unprecedented in peacetime. By the end of the first quarter, its effects on global power demand were deep, the International Energy Agency (IEA) noted in a flagship report released on April 30. The international organization, which has collected daily data for more than 30 countries […]

The U.S. Internal Revenue Service (IRS) has granted a one-year extension of the continuity safe harbor, providing much-needed relief for many wind developers, which, crippled by pandemic-related delays, were racing to complete projects before crucial tax incentives expired at the end of this year.  In its May 27–issued Notice 2020-41, the IRS essentially modified prior […]

A clean energy valuation and risk analytics company said that low demand for energy during the COVID-19 pandemic, along with low prices for natural gas and strong power generation from renewable energy resources, has brought unprecedented low prices for electricity in multiple U.S. markets.  REsurety said its Renewable Energy Market Analytics Platform (REmap) shows that […]

President Trump in a new executive order (EO) has directed federal agencies to rescind, modify, waive, or provide exemptions from regulatory requirements that may inhibit economic recovery.  The Executive Order on Regulatory Relief to Support Economic Recovery, issued May 19, is sweeping and extends beyond the administration’s previous efforts to scale down regulatory mandates—including the […]

Renewable power sources will mark their first annual decline in new additions in 20 years, owing to delays in construction activity, supply chain disruptions, lockdown and social distancing measures, and emerging financing challenges related to the COVID-19 pandemic. Despite this, the sector has showed “impressive” resilience, said the International Energy Agency (IEA) in a new […]

Despite uncertainties posed by the COVID-19 pandemic, the Electric Reliability Council of Texas (ERCOT) again expects to shatter its peak demand record this summer. Factoring in changes to its generation profile, extreme weather, and low wind output, the grid operator expects energy alerts are still possible.  ERCOT’s forward-looking projections for capacity, demand, and reserves are murkier, […]

The Federal Energy Regulatory Commission (FERC) is planning a technical conference this summer that would look at long-term impacts of the coronavirus pandemic on the energy industry. The discussion would look at how the industry should approach investments and infrastructure development should the trend of lessening demand for electricity, and oil and gas, continue. Industry […]

Oxnard, Calif. (May 7, 2020) – SimpliPhi Power, a U.S. manufacturer of safe, cobalt-free lithium ion energy storage systems, has partnered with non-profit Footprint Project to supply and deliver a clean energy microgrid field hospital for the Matamoros migrant camp in Mexico on the U.S. border to power the camp’s first mobile medical ICU to […]

The Electricity Subsector Coordinating Council (ESCC) has released guidance on what the power sector should prioritize as it prepares to shift from remote operations to having employees return to the workplace.   In the seventh version of the “ESCC Resource Guide—Assessing and Mitigating the Novel Coronavirus (COVID-19),” the power industry’s collaborative body identifies four strategic priorities […]