The geography of (A) percentage of renewable energy generation, (B) stringency of renewable portfolio standards, and (C) count of climate policies in the United States. Credit: Proceedings of the National Academy of Sciences (2024). DOI: 10.1073/pnas.2313193121 While the U.S. federal government has clean energy targets, they are not binding. Most economically developed countries have mandatory
On March 22, Russia renewed its broad-scale attacks on the Ukrainian energy sector. Between then and the end of July, the country’s power system lost more than 9 GW of capacity. This volume amounts to more than half of Ukraine’s peak winter consumption. Average peak consumption in the winter of 2023–2024 was 16.5 GW per day,
Automotive giant GM announced today that it has signed a 15-year renewable energy purchase agreement with NorthStar Clean Energy, a unit of CMS Energy, to fuel three GM assembly plants. The announcement marks GM’s largest power purchase deal yet and an important milestone in the company’s goal to be carbon neutral by 2040, according to
Lisa-Blue/E+ via Getty Images Ormat Technologies (NYSE:ORA) +1% in early trading Thursday after saying it signed two seven-year tolling agreements with Equilibrium Energy for the Lower Rio and Bird Dog energy storage facilities in Texas, marking its first tolling agreements in the ERCOT market. The Lower Rio project is expected to come online in Q2
LEARN HOW YOUR PLANNED GIFT CAN HELP THE AMERICAN LEGION Over 3.4 million taxpayers benefited from $8.4 billion in energy credits in 2023. As August air-conditioning bills mount, many homeowners are considering residential energy investments for home improvements. The Internal Revenue Service (IRS) announced that 1.2 million taxpayers claimed more than $6 billion of residential
Texas Comptroller Glenn Hegar added NatWest Group Plc to a list of companies that his office considers to boycott the fossil fuels industry. The comptroller added the Edinburgh-based bank to the list due to its policy that it will not renew, refinance or extend existing reserve-based lending for the financing of oil and gas exploration, extraction and
This week, Russian forces conducted multiple attacks on Ukraine’s railway energy system, damaging infrastructure in the northern regions, according to a report by Ukrzaliznytsia (Ukrainian Railways). The strikes targeted power substations, resulting in temporary power outages across various sections of the rail network. Despite the damage, train delays were minimized to approximately 40 minutes, and
Dublin, Aug. 15, 2024 (GLOBE NEWSWIRE) — The “Energy Storage Systems Global Market Opportunities and Strategies to 2033” report has been added to ResearchAndMarkets.com’s offering. The global energy storage systems market reached a value of nearly $234.3 billion in 2023, having grown at a compound annual growth rate (CAGR) of 5.54% since 2018. The market
Equinor has been announced as a provisional winner in the Bureau of Ocean Energy Management’s (BOEM) offshore wind energy lease auction in the U.S. Central Atlantic region. The 2 GW lease will have the capacity to produce enough energy to power approximately 900 000 US homes. With a bid of US$75 001 001 for 101
The Maine installation marks the first time that Form has chosen to develop its own project instead of contracting with a utility customer, and not coincidentally, it’s the most ambitious so far. “This is a very natural next step in terms of scaling up and deployments,” Jaramillo said, adding that it’s actually not a huge outlier compared with other