Renewable energy

General Electric (GE) has announced plans to split into three separate companies, breaking up into publicly traded groups for its energy, healthcare, and aviation divisions. The company on Nov. 9 said the GE Power, GE Renewable Energy, and GE Digital groups will be combined into one business, with the company pursuing a tax-free spin-off of […]

I have long been a supporter of nuclear power. I’ll admit I’m biased, having spent 13 years in the U.S. Navy’s nuclear power program and having worked for several more years in the commercial nuclear

Pairing renewable resources with energy storage systems makes a lot of sense. However, grid operators are still developing frameworks for handling these hybrid projects but they may need to be treated

The chief executive of major India electricity producer Tata Power said his company is prepared to make major investments in renewable energy, primarily solar and also wind power, as the group looks to increase its clean energy portfolio from its present 4 GW to 25 GW by 2030. Praveer Sinha, Tata Power’s CEO and managing […]

LONDON and BERLIN (Oct. 14, 2021) – Large data centers in the UK, Germany, Ireland, Norway and the Netherlands are projected to draw 5.4GW (gigawatts) in ‘live IT power’ demand in 2030, up from 3GW at the end of 2021, according to a new study published today by research company BloombergNEF (BNEF) in partnership with […]

The energy market is constantly changing, and with that, new challenges and complexities arise every day that renewable energy companies must face. The pressure for energy transition is higher than ever, especially with the renewed urgency expressed with the latest Intergovernmental Panel on Climate Change (IPCC) climate report. Simplification, the consumer’s desire for more digital […]

A technology leader in the power generation sector officially has a new name today, as the former Hitachi ABB Power Grids is now Hitachi Energy. The rebranding, announced during the summer and taking effect Oct. 13, is the latest move by a joint venture formed in the summer of 2020 when Hitachi and ABB closed […]

Ten years ago, the energy market was based around the conventional, centralized generation of oil and coal plants. It was predictable and formulaic. These staples of yesterday’s energy market are no longer the future of energy generation. Instead, we see a global push toward clean energy with wind and solar power, and companies are accelerating […]

In March 2021, we reached an important milestone in the push for carbon neutrality across industries. A report by the Energy and Climate Intelligence Unit (ECIU), a UK-based non-profit, found more than 21% of

Stakeholders are increasingly pressuring corporations to become more sustainable, and often that means using renewable energy to help meet their electricity needs. Most non-power companies don’t want to take

South Korea-based Hanwha Solutions announced it plans to acquire renewable energy developer RES France in an $855.2 million deal expected to be finalized in the next two months. RES France is a subsidiary of UK-based RES Group, which calls itself the world’s largest independent renewable energy company. The agreement announced Aug. 9 is led by […]

AUGUST 10, 2021 — The technology group Wärtsilä will supply a 5.2-MW/5.2-MWh energy storage system to provide the frequency regulation in the ancillary service market for the Taiwanese grid as the country seeks to achieve 20% of its energy from renewable sources by 2025. The order was placed in August 2021 by Shangfa Construction who […]

The American Clean Power Association (ACP)—a 2021-launched pan-renewables trade group—may be poised to merge with the U.S. Energy Storage Association (ESA) starting on Jan. 1, 2022. The groups’ intent to pursue a merger, announced on July 22, still requires ESA’s member approval. If successful, it would combine the two trade association’s staff programs and members, […]

SAN FRANCISCO (July 20, 2021) — Camus Energy, a leading provider of advanced grid management technology, announced today it has secured $16 million in a Series A round, led by Park West Asset Management and joined by Congruent Ventures, Wave Capital and other investors, including an investor-owned utility. Camus will leverage the operating capital to […]

JULY 19, 2021 — The technology group Wärtsilä will supply 100MW / 200MWh of energy storage systems to Pivot Power, part of EDF Renewables, for its next two projects in the West Midlands, England, to support the roll-out of Pivot Power’s innovative Energy Superhub model. Wärtsilä will install batteries at two sites in the city […]

Now is the time for oil and gas companies to get involved in renewable energy. Fossil fuels provide the bulk of energy consumed in the U.S., but oil and gas (O&G) companies saw declining energy consumption in recent years and face a negative, long-term economic outlook. According to Wood Mackenzie, wind and solar will make […]

For the world to avoid a climate catastrophe, carbon capture is likely a necessity, not an option. To meet the Paris Agreement’s objectives—keep warming below 2C and preferably near 1.5C—net zero carbon emissions must be achieved circa 2050, and some carbon dioxide will have to be extracted from the atmosphere. Deployment of carbon capture, utilization, […]

NEW YORK, April 22, 2021—Bureau Veritas today announced the acquisition of Bradley Construction Management, a US-based leader of project management and construction management services for the renewable energy sector. Established in 2013 and headquartered in Dallas, Texas, Bradley Construction Management specializes in providing on-site construction management for independent power producers in the renewable energy sector with a focus on […]

Ocergy Inc., a company developing a couple of new offshore wind energy solutions, announced last week that Chevron Technology Ventures and Moreld Ocean Wind (MOW) were investing in its Series A round of funding. The money is expected to help the company commercialize its OCG-Wind Floating Offshore Wind Turbine technology and OCG-Data environmental monitoring buoy. […]

A well-known chocolate maker has announced two new clean energy partnerships as the company continues to increase its sustainability efforts. The Hershey Co. on April 20 said it has power purchase agreements (PPAs) to take electricity from two solar projects, one in North Carolina and another in Texas. Hershey, like many corporate power customers, has […]

A draft copy of a document outlining India’s latest National Electricity Policy (NEP) reportedly shows the country is considering building new coal-fired generation capacity, even as it sets new carbon reduction targets. The document also said government officials would push for better technology to help reduce emissions from those plants. Reuters on April 19 reported […]

A New York realty company is providing a model of solar power’s continued growth as it works to complete a project to install solar panels on all the buildings it owns in the borough of Queens. Zara Realty on April 12 told POWER it is “halfway” to completing installation of solar technology on every site […]

Power systems around the world are changing. Renewable energy, mainly in the form of wind and solar generation, is being added everywhere, while more traditional forms of power, such as coal-fired and nuclear generation, are being retired from the grid. Meanwhile, natural gas-fired generation has taken the lead role in facilitating the transition by providing […]

It was about a year ago that COVID-19 gained the world’s attention. The first laboratory-confirmed case of COVID-19 in the U.S. was reported to the Centers for Disease Control and Prevention on Jan. 22

Internet of Things (IoT)-based energy management systems centered around edge controllers provide the functionality required to match renewable energy output with power requirements. Traditional baseload power

With the start of a new year comes new year resolutions, new campaigns, new administrations, new policy goals, and new initiatives. To kick off 2021, POWER talked with Jens Wolf, vice president and general manager of Europe at Enviva, a renewable energy company and the world’s largest producer of industrial wood pellets. Wolf has more […]

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. That’s according to research published Jan. 26 by BloombergNEF (BNEF). The group in its “1H 2021 Corporate Energy Market Outlook” said more than 130 companies, […]

JANUARY 19, 2021 — Macquarie’s Green Investment Group (GIG) today announced that it will make an investment in esVolta, a developer and owner of utility-scale energy storage projects across North America. The investment will support the continued North American expansion of esVolta and finance its portfolio of over 600 MWh of contracted energy storage projects, […]

FORT WORTH, Texas (Jan. 4, 2021) — Takkion Holdings LLC (“Takkion” or the “Company”), a portfolio company of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) and premier multimodal logistics and transportation provider for energy transition infrastructure, today announced that Takkion has acquired Sioux Falls, SD-based […]

Researchers at Lawrence Berkeley National Laboratory (LBNL) have found that a combination of lower capital, operating, and finance costs, in addition to better equipment performance, and longer useful lives, have driven power purchase agreement (PPA) prices and the levelized cost of energy (LCOE) for utility-scale wind and solar projects to all-time lows. The findings were […]