Environmental
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Commentary
How ESG Investing Is Impacting the Energy Industry
Environmental, social, and governance (ESG) investing is rapidly becoming one of the most visible and durable megatrends in the financial community. ESG, or sustainability, refers to corporate activities that
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Interview
The POWER Interview: Evaluating Energy Investments
Global upheaval in energy markets has been exacerbated by the coronavirus pandemic, and by ever-changing political winds, with energy investors at times torn between finding the best returns while also considering the impact of climate change. Many economies depend on fossil fuels, so moves away from coal-fired power and other forms of thermal generation can […]
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Legal & Regulatory
The Power Purchase Agreement in Transition
The power purchase agreement, commonly called a PPA, is a fundamental element to the development, construction, and financing of power generation projects. Like many things in the power industry, the PPA is
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News
N.C. Environmental Leader Biden’s Choice to Lead EPA
The leader of North Carolina’s agency overseeing environmental issues in that state will be nominated to lead the U.S. Environmental Protection Agency (EPA), POWER learned on Dec. 17. Michael Regan, 44, who previously worked at EPA and has served with the North Carolina Dept. of Environmental Quality (NCDEQ) since 2017, is expected to be nominated […]
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News
Renewables Group Lambasts Labor Department’s ‘Anti-ESG’ Rule
A pan-renewables organization has chastised the Department of Labor (DOL) for fast-tracking a new rule it has said is a “transparent attempt to slow the growth” of environmental, social, and governance (ESG) investing. According to the American Council on Renewable Energy (ACORE)—a group that represents a wide range of renewables stakeholders including some of the […]
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IIOT
The POWER Interview: Benefits of a Smarter Grid
The smart grid is transforming the way utilities communicate with their customers. Smart grid technology, including control systems and automation that help new technologies work together, supports a power grid that can respond digitally to quickly changing electricity demand. The smart grid enables electricity producers to enhance reliability, availability, and efficiency. It can provide cost […]
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Environmental
Environmental Concerns Dominate Global Risks List
For the first time in the 15-year history of the World Economic Forum’s Global Risks Report, environmental perils filled the top five positions on the list of long-term risks in terms of likelihood of occurrence over the next 10 years. The report, which is a qualitative and quantitative study of global risks, conducted in partnership […]
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News
Feds Back Construction of Largest U.S. Solar Farm
The U.S. Bureau of Land Management (BLM) on Dec. 30 released a final environmental impact statement (EIS) for the Gemini solar project, a planned 7,100-acre installation outside Las Vegas, Nevada, with a proposed generation capacity of 690 MW. The $1 billion project would be the largest U.S. solar farm in terms of generation, and includes […]
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News
Duke Energy, American Electric Power Separately Seeking to Go Net-Zero Carbon by 2050
Two formidable U.S. coal power generators this week separately revised their carbon dioxide emissions reduction targets. Duke Energy announced it would achieve net-zero carbon emissions by 2050. American Electric Power (AEP), meanwhile, said it would extend its target from 60% to 70% from 2000 levels by 2030, and by more than 80% by 2050—but it […]
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News
Power Companies Refute Findings of Widespread Coal Plant Groundwater Contamination
An estimated 91% of U.S. coal power plants that submitted groundwater monitoring data as required by the Environmental Protection Agency’s (EPA’s) 2015 Coal Combustion Residuals (CCR) rule have unsafe levels of one or more contaminants, a collaborative analysis of the monitoring data by several environmental groups suggests. The March 4 report is significant because power […]