renewables

CenterPoint Energy, a Houston, Texas-based natural gas and electric utility company with sales and services operations in more than 30 states, on April 23 said it would buy Evansville, Indiana-based Vectren in a deal valued at more than $8 billion, including the assumption of more than $2 billion in Vectren debt. Both companies in statements […]

A report from groups including the United Nations environmental arm and Bloomberg New Energy Finance (BNEF) shows renewable energy installations were responsible for 61% of the world’s net power capacity additions in 2017, more than double the new-builds from fossil fuel-powered generation. The Global Trends in Renewable Energy Investment 2018 report, compiled by BNEF, the […]

NEW YORK (April 2, 2018) – According to the new research report published by P&S Market Research, global virtual power plant market is projected to reach $5,510.2 million by 2023, the market growth is mainly driven by the growing penetration of renewable energy sources in the energy mix across different parts of the world. Virtual power plant […]

HELSINKI, Finland (March 21, 2018) — Wärtsilä’s Smart Power Generation solution has been selected to power the New Orleans Power Station, a 128-MW plant to be constructed at the retired Michoud power plant site in New Orleans, Louisiana. The retired plant, which was the only power generating facility within the city’s borders, was shut down […]

State regulators in Arizona want the state’s investor-owned utilities to source more of their electricity from renewable sources, and develop more energy storage options, rather than rely on new natural gas-fired generation in the future. State senators, however, voted March 14 to give utilities a way to get around any voter-supported mandates for renewables. The […]

ZURICH, Switzerland (March 7, 2018) – Deering and Buckland are two small villages in northwestern Alaska, with populations of 200 and 400 mostly indigenous Inupiaq people. For these residents, who rely heavily on fishing and hunting for their subsistence, life above the Arctic Circle is tough. Winter lasts for nine months with temperatures dipping to […]

Coal-fired power generation has taken another punch, as Consumers Energy—which along with DTE Energy supplies most of Michigan’s power—has announced it will phase out coal burning over the next two decades, with a plan to generate at least 40% of its electricity from renewable sources by 2040. Patti Poppe, Consumers’ president and CEO, made the […]

The Trump administration’s fiscal year 2019 budget request released February 12 asks for more money to support fossil fuel-based power systems, but seeks funding below current levels for other energy initiatives, including renewable energy and energy efficiency. The energy funding is part of a $4.4 trillion budget that features large increases in military spending, along […]

Virginia lawmakers are weighing legislation that would give the state more control over utilities, with some of the measures developed in concert with power companies. State legislators are discussing the proposals, some of which are designed to lift a freeze on utility rates, which could bring refunds for ratepayers—although others warn it could cause rates […]

The world’s energy transition took an interesting turn at the end of 2017 as global power firm Engie announced it would switch all its gas operations to biogas and renewable hydrogen, the UK slashed its