Global energy needs are set for a significant surge in the coming years. The International Energy Agency (IEA) is forecasting global electricity demand to rise this year by its fastest rate since 2007, while consulting firm McKinsey projects that world electricity demand will more than double by 2050, from 25,000 terawatt-hours (TWh) to between 52,000
RENO, Nev. — Dozens of homeowners and environmental advocates were at two Public Utilities Commission of Nevada (PUCN) consumer sessions Wednesday to speak out against NV Energy’s proposed base rate hike, which is nearly triple the current rate. NV Energy’s basic service charge currently sits at $16.50, with the proposed rate hike raising that to
On August 28, 2024, BBVA Spark announced that it has granted $10 million in a bank guarantee facility to support Colombia-based Bia Energy, a company that seamlessly merges smart metering infrastructure data with energy trading. Wilson Sonsini Goodrich & Rosati advised Bia Energy on the transaction. Founded in 2022, Bia Energy serves over 2,500 companies
SALINA, Kan. (KWCH) – A fire to an energy plant in Salina prompted a heavy emergency response Wednesday afternoon. Viewer-submitted photos and video footage show dark smoke billowing from a building at Stryten Energy, a battery manufacturer. Salina Fire Marshal Joe Kvacik said the plant makes car batteries but Wednesday’s fire didn’t happen in the
(WO) – Nearly half of senior energy professionals plan to integrate Artificial Intelligence (AI)-driven applications into their operations in the coming year, according to a new report from DNV, the independent energy expert and assurance provider. DNV’s latest Energy Industry Insights special report, “Leading a data-driven transition,” draws on the 14th annual survey
Key Takeaways The majority of active traders think now is a good time to invest (59%) and that they’re financially better off than they were a year ago (60%), according to a quarterly Schwab client survey. The trading clients showed increased bullishness about artificial intelligence (AI) stocks (62%) and the information technology sector (61%). The
Des Moines, Iowa — The Iowa Utilities Commission held a hearing Tuesday to review potential changes to the state’s renewable energy rules. Environmental groups claim the rules, written in 2017, are outdated and have been used by utilities to mislead Iowans about their renewable energy usage. They want them rescinded and new rules put in
Going green isn’t only good for the planet — it can also put some green in your pocket. The U.S. added 142,000 clean energy jobs last year, with employment in the emerging sector growing more than twice as fast as the rest of the energy industry and the economy overall, the Department of Energy said
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NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) — A new report titled Clean Energy Investing in America shows that unprecedented federal support has led to the announcement of private investments totaling nearly $500 billions in domestic clean energy projects and manufacturing facilities over the past two years. Highlighted data includes: Over 150 manufacturing facilities announced 45,000 new manufacturing jobs