renewables
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Solar
Iberdrola Terminates $8 Billion Deal to Acquire New Mexico Utility
Avangrid, the U.S.-based unit of Spanish energy giant Iberdrola, said it has terminated its planned acquisition of New Mexico utility PNM Resources after failing to receive final approval for the $8.3 billion deal from state regulators. Avangrid officials in a statement on Jan. 2 said the group needed to receive approval for the deal from […]
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Trends
Carbon-Free Energy Is the Name of the Game: Renewables, Nuclear Poised for Growth
Solar, wind, and nuclear power, as well as battery storage systems, are the obvious winners as the world aims to decarbonize energy systems. It shouldn’t be a surprise to anyone who has been following trends
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Commentary
Streamlining Clean Energy Approvals and Organic Waste Legislation for a Sustainable Future
In the face of escalating climate concerns, the U.S. is grappling with the dual challenges of advancing clean energy initiatives and establishing effective organic waste management strategies. A year since Congress injected substantial investments into the clean energy transition, progress has been made, but hurdles persist. Private sector interest in clean energy initiatives has surged, […]
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Trends
Seven European Countries Set Ambitious But ‘Necessary’ Target to Decarbonize Power System by 2035
The seven European countries that make up the Pentalateral Energy Forum—Austria, Belgium, France, Germany, Luxembourg, the Netherlands, and Switzerland—will strive for the decarbonization of their interconnected electricity system by 2035. The countries, which form the Pentalateral Energy Forum—a 2005-convened voluntary framework for regional energy cooperation—in a joint statement on Dec. 18 formally concluded, “timely decarbonization […]
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Solar
Construction Underway on Kentucky’s Largest Solar Farm
Construction of what would be the largest solar array in Kentucky is underway. National Grid Renewables on Dec. 14 said the company’s 160-MW Unbridled project, located in Webster and Henderson counties about 40 miles south of Evansville, Indiana, and 160 miles southwest of Louisville, is expected to enter commercial operation next year. Unbridled is National […]
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Solar
Community Solar Drives Energy Transition in Longtime Fossil-Fuel Region
The energy transition is an increasingly important trend, not just for power generation but also for communities across the U.S. As regions that have been dependent on hydrocarbons begin to shift production to renewable resources, they not only lower global carbon emissions, but also reap new economic opportunities from income-producing renewable energy. The Energy Community […]
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Trends
COP28 Concludes with Landmark Decision to Shift Away from Fossil Fuels
Negotiators from nearly every country in the world closed COP28 with a decision that—for the first time—formally recognizes the necessity of moving away from fossil fuels to achieve Paris Agreement targets. The decision, adopted on the last day of the two-week 28th Conference of the Parties (COP 28) to the UN Framework Convention on Climate […]
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Energy Storage
Bill Gates-Backed Group Supporting New Energy Storage Technology
A Massachusetts-based group developing an energy storage system to support renewable energy resources is moving forward with plans for a prototype facility outside Boston. Fourth Power on Dec. 12 said it received $19 million in funding to help scale its technology, which the company said is more cost-effective than lithium-ion (li-ion) batteries and will provide […]
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Energy Storage
Advanced Energy Storage: Linchpin for a Renewable Energy Future
In an era defined by environmental consciousness and a pressing need to reduce our carbon emissions, renewable energy has emerged as the shining beacon of hope for a sustainable future. As we stand at the crossroads of rapid climate change and continued fossil fuel extraction, the transition to renewable energy sources is no longer a […]
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Renewables
Deloitte Report Highlights Growth in Renewables, Challenges for 2024
Investments in renewable energy resources across the U.S. continue to grow, supported by increased federal funding, legislation that improves project economics, and growing demand for cleaner energy. Deloitte, which provides insights and solutions for several industries including the energy sector, on Dec. 5 released its industry outlook for 2024 for renewable energy in the U.S., […]