Renewable Energy Costs News
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19 Dec, 2023 $800m Investment to Accelerate Octopus Energy’s Global Clean Energy Growth
Octopus Energy Group, the UK’s largest power supplier* and the owner of the Kraken technology platform, recently announced $800m (£625m) additional investment from its existing shareholders. This new investment values the private company at $7.8bn (£6.2bn), a 60% increase since its previous investment round in December 2021. Australian and Japanese giants Origin Energy and Tokyo Gas, one of the ...
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NREL and Amazon Aim To Create Guidebook for Emissions Impact Analysis
By Connor O'Neil Corporations are starting to pay close attention to their greenhouse gas (GHG) emissions, but current calculations only provide a coarse estimate of their entire GHG emissions. The U.S. Department of Energy's National Renewable Energy Laboratory (NREL) and Amazon, the largest corporate purchaser of renewable energy worldwide since 2020, are working to modernize GHG emissions ...
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More Than Two Gigawatts of Community Solar Has Been Installed in New York
Governor Kathy Hochul this week (Nov 28) announced more than two gigawatts of community solar has been installed in New York - enough to serve 393,000 homes, reaffirming the state's position as the top community solar market in the United States. This community solar milestone contributes to five gigawatts of distributed solar operating across the state, with 3.3 gigawatts in development. The ...
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Grid-Connected Hybrid Storage Facility Using Second Life Batteries in Santa Barbara County, CA
B2U Storage Solutions, a leading provider of large-scale energy storage systems using second-life electric vehicle batteries, announced this week that the SEPV Cuyama facility has begun operations. This facility, the company's second hybrid battery storage site, is located in Santa Barbara County, CA near the community of New Cuyama. The 12MWh facility uses hundreds of EV batteries sourced from ...
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Biden-Harris Administration Announces $3.5 Billion to Strengthen Domestic Battery Manufacturing
This week, two years after President Biden signed the Bipartisan Infrastructure Law, the U.S. Department of Energy announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide. As part of President Biden's Investing in America agenda, the funding will create new, retrofitted, and expanded domestic facilities for ...
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DOE Announces $1.3 Billion to Build Out Electric Transmission in the U.S.
As part of the President Biden's Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Energy this week (Oct 30) announced up to a $1.3 billion commitment in three transmission lines crossing six states. This commitment, made possible by President Biden's Bipartisan Infrastructure Law, will advance transformative projects aimed at adding 3.5 gigawatts of additional grid ...
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Biden Administration Announces $3.5 Billion for Largest Ever Investment in America's Electric Grid
As part of President Biden's Investing in America agenda, a key pillar of Bidenomics, White House Infrastructure Implementation Coordinator Mitch Landrieu and Secretary of Energy Jennifer M. Granholm this week announced $3.46 billion for 58 projects across 44 states to strengthen electric grid resilience and reliability across America. Funded by the President's Bipartisan Infrastructure Law, ...
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Renewables Jobs Nearly Doubled in Past Decade, Soared to 13.7 Million in 2022
Worldwide employment in renewable energy reached 13.7 million in 2022, an increase of one million since 2021 and up from a total of 7.3 million in 2012, according to a new report by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO). The tenth edition of Renewable Energy and Jobs: Annual Review 2023, is the product of a continuing collaboration ...
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Department of Energy Awards Xcel Energy Up to $70 million for Long Duration Energy Storage
Xcel Energy announced this week (Sept 22) it has received a grant of up to $70 million from the U.S. Department of Energy (DOE). The award will partially fund two long duration energy storage systems in Minnesota and Colorado. Each demonstration-scale system will be a 10 megawatt/1,000 megawatt-hour iron-air battery developed by Massachusetts-based Form Energy. The batteries will be located at ...
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Clarke Energy and Danone to Develop Resilient Microgrid Project in South Africa
Moshesh Partners has selected Clarke Energy to supply a gas fuelled combined heat and power (CHP) unit and microgrid controller for a Danone SA dairy food manufacturing plant in Boksburg. The microgrid will incorporate INNIO’s Jenbacher engines and microgrid controller, existing solar photovoltaic power array and diesel engine back up and will be grid connected. Moshesh Cogeneration, ...
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G20 Leaders Endorse IRENA Recommendations for Global Renewable Energy Adoption
G20 leaders agreed to accelerate efforts to triple global renewable energy capacity by 2030, aligning with recommendations from the International Renewable Energy Agency (IRENA) on how the world can move in line with the Paris Agreement targets. In a declaration adopted on Sept 9, the Group cites a joint report between IRENA and India's G20 Presidency, titled "Low-Cost Financing for Energy ...
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Enverus comes full CRCL in latest power and renewables acquisition
AUSTIN, Texas. Enverus, the most trusted energy-dedicated SaaS company, announced today it has acquired CRCL Solutions, a provider of cloud-based algorithms and modeling for wind and solar generation forecasts. CRCL Solutions provides a wide range of advanced forecasting data to help power traders make informed decisions and reduce trading risk. "CRCL Solutions is a key to unlocking part of ...
By Enverus
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NextEra Energy Sets Industry-Leading Net Zero Goal to Eliminate Carbon Emissions from its Operations
NextEra Energy this week (June 14) announced Real Zero, the most ambitious carbon-emissions-reduction goal ever set by an energy producer, committing to eliminate carbon emissions from its operations by no later than 2045, while leveraging low-cost renewables to drive energy affordability for customers. Reaching the goal would require significant investment by the company and transform its ...
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NextEra Energy Partners, LP Announce Plan to Become 100% Renewables Investment Opportunity
NextEra Energy Partners, LP this week (May 8) is announcing a plan to concentrate solely on growing its high-quality renewable energy portfolio, capitalizing on the low-cost nature of renewables and the significant capital investment needed to decarbonize the U.S. economy. To execute on this vision, NextEra Energy Partners will focus on its core strengths, eliminate a significant amount of ...
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Bayer and Cat Creek Energy Sign Landmark Renewable Energy Deal
Bayer, a global enterprise with core competencies in the life science fields of health care and nutrition, and Cat Creek Energy (CCE), a renewable energy Independent Power Producer, today announced a long-term Structured Renewable Energy Credit (REC) Purchase Agreement that will satisfy Bayer´s renewable electricity needs and lead to the construction by CCE of multiple variable renewable ...
By Bayer AG
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IRENA: Investment Needs of USD 35 Trillion by 2030 for Successful Energy Transition
The global energy transition is off-track, aggravated by the effects of global crises. Introduced this week, IRENA's World Energy Transitions Outlook 2023 Preview calls for a fundamental course correction in the energy transition. A successful energy transition demands bold, transformative measures reflecting the urgency of the present situation. Investment and comprehensive policies across the ...
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Form Energy Partners with Xcel Energy on Two Multi-day Energy Storage Projects
Form Energy, Inc., an American technology company developing and commercializing a new class of multi-day energy storage systems, announced this week (Jan 26) that it has entered into definitive agreements with Xcel Energy to deploy its iron-air battery systems at two of Xcel Energy's retiring coal plant sites. The storage technology will allow Xcel Energy to integrate more low-cost, renewable ...
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7 predictions for distributed renewable energy in 2023
Odyssey has been working on scaling distributed renewable energy in emerging markets since 2017. Every year since, we’ve seen dramatic increases in interest, investment and growth across the industry. With the worst impacts of COVID in the rearview mirror, we know that 2023 will be a banner year; here are a few of our predictions for what’s to come. Finance Public and private ...
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FSP Microgrid Energy Storage System Creates New Value for Renewable Energy
FSP, a Top 10 global power supply manufacturer, has been working with leading enterprises to promote ESG sustainability and green governance transformations to meet global targets of net zero carbon emissions by 2050. FSP and renewable energy partners are now investing heavily in the development of distributed energy storage systems (ESS) for microgrids to maximize the benefits of renewable ...
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Alliant Energy Supercharges Battery Deployment
With major advances in the transition to creating safe, clean renewable energy generation, Alliant Energy recently announced plans to add 175 megawatts of battery storage in Wisconsin. The plan, filed this week (Sept. 30, 2022) with the Public Service Commission of Wisconsin, calls for battery storage facilities to be developed in Grant and Wood counties, alongside two previously approved Alliant ...
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