Renewable Power News
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Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030
The Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total increase of renewable energy capacity within their portfolios to 749GW by 2030*, an increase of 2.5 times relative to 2023. Alliance members’ joint renewables ambition was announced alongside a grid infrastructure action plan.The plan, revealed at the 14th Assembly of the International Renewable ...
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Transition to Renewables Calls for New Approach to Energy Security
The transition away from fossil fuels to renewables requires a new interpretation of the concept of energy security, according to a new report by the International Renewable Energy Agency (IRENA) published this week.Geopolitics of the energy transition: Energy security outlines a multi-dimensional energy security concept for the 21st century. The systemic nature of the ongoing transition and its ...
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AES Hawaiʻi Launches 50-MWh Solar-plus-Storage Facility on O‘ahu
AES Hawaiʻi this week announced the launch of its West O‘ahu solar-plus-storage project in Kapolei – the company’s first facility to combine solar generation and battery energy storage on O‘ahu. Located on 66 acres of open University of Hawai‘i land, the West O‘ahu solar-plus-storage facility is generating 12.5 MW of clean energy for O‘ahu’s power ...
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Path Proposed to Connect Garden State Energy to NJ Offshore Wind
National Grid Ventures (NGV) and Con Edison Transmission this week submitted a proposal to build transmission infrastructure that will carry offshore wind power to New Jersey’s electric grid.The Garden State Energy Path will enable delivery of approximately 6 gigawatts of offshore wind power from its point of landfall at the Sea Girt National Guard Training Center to the Larrabee Tri-Collector ...
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Entergy Proposes Transmission Upgrades and a Comprehensive Resilience Plan
Entergy Louisiana recently announced it will begin executing a strategic blueprint for building new electric infrastructure that meets the burgeoning needs of businesses and industry to power job growth throughout the state.Louisiana has a generational opportunity that is set to create new jobs, new investment and additional revenues for local governments as local business and industries and new ...
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COP28 Goal of Tripling Renewables Feasible Only with Urgent Global Course Correction
Achieving the global target set at COP28 to triple renewable power capacity by 2030 relies heavily on establishing conducive conditions for such growth. Tripling renewable power capacity by 2030 is technically feasible and economically viable, but its delivery requires determination, policy support and investment at-scale. Tracking COP28 outcomes: Tripling renewable power capacity by 2030 ...
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Biden-Harris Administration Approves Seventh Offshore Wind Project
The Biden-Harris administration this week announced the Department of the Interior’s approval of the Sunrise Wind offshore wind project – the nation’s seventh approval of a commercial-scale offshore wind project under President Biden’s leadership. These seven projects have the potential to provide more than 8 gigawatts of clean, renewable energy to power roughly 3 million homes, and support the ...
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Quaise Energy Raises $21 Million to Accelerate Terawatt-Scale Geothermal Energy
Quaise Energy, the company unlocking terawatt-scale geothermal, announced today the closing of a $21 Million Series A1 financing round led by Prelude Ventures and Safar Partners. Mitsubishi Corporation and Standard Investments are among several new investors participating in the round. This latest funding will enhance the company’s field operations and strengthen its supply chain position, ...
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In an effort to accelerate terawatt-scale geothermal energy, Quaise Energy has raised $21 million.
CAMBRIDGE, Mass. — Quaise Energy, the company unlocking terawatt-scale geothermal, announced today the closing of a $21 Million Series A1 financing round led by Prelude Ventures and Safar Partners. Mitsubishi Corporation and Standard Investments are among several new investors participating in the round. This latest funding will enhance the company’s field operations and strengthen ...
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CHP Re-imagined - Fueling a Greener Tomorrow
Introduction: In an era where energy efficiency and carbon footprint reduction are paramount, Combined Heat and Power (CHP) technology stands out for its remarkable fuel efficiency and lower carbon emissions. Historically, the primary function of CHP has been to provide continuous supplies of electricity and heat, achieving efficiencies of around 90% – significantly higher than traditional ...
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ENVIRIA - Germany’s leading commercial and industrial (C&I) solar company - secures capital commitment of over USD 200 million from BlackRock
ENVIRIA, Germany’s leading commercial and industrial (C&I) decentralized energy solutions provider, announced it has entered into a definitive agreement on an equity investment of over USD 200 million from BlackRock, through its Global Renewable Power IV (GRP IV) fund. The additional capital will support the expansion of the already existing 500 C&I solar projects across Germany as ...
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New Study Shows Clean Energy Transition Thrives in 2023, Boosted by Federal Policies
U.S. clean energy sectors demonstrated their resiliency in 2023, with both mature and emerging decarbonization solutions seeing growth despite higher interest rates and supply chain difficulties. This strong performance by clean energy sectors is bolstered by a suite of federal policies that provide clear market signals to invest, according to the 2024 Sustainable Energy in America Factbook ...
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AEA releases 2023 Renewable Energy Fund Impact and Evaluation Report
According to the United States Energy Information Administration (EIA), the oil and gas industries are a key part of Alaska’s economy, and the state ranks third in the nation in terms of energy consumption per dollar of gross domestic product. Alaska’s North Slope contains six of the 100 largest oil fields in the U.S. and one of the 100 largest natural gas fields. In addition, Alaska’s ...
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New Method Monitors Grid Stability with Hydropower Project Signals
Scientists at Oak Ridge National Laboratory and the University of Tennessee, Knoxville, have developed an algorithm to predict electric grid stability using signals from pumped storage hydropower projects. The method provides critical situational awareness as the grid increasingly shifts to intermittent renewable power. Hydropower is a renewable energy source directly connected to the grid, ...
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Unlocking Efficiency: Revolutionizing Brewery Energy Management with CHP Technology
In the dynamic world of brewery operations, the quest for efficiency and sustainability has led to the exploration of innovative technologies. One such game-changer is Combined Heat, Power, and Cooling (CCHP) technology, presenting a compelling solution to the significant energy demands within breweries. Brewery Energy Landscape: A Critical Analysis Breweries are known for their substantial ...
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Massive expansion of renewable power opens door to achieving global tripling goal set at COP28
The world’s capacity to generate renewable electricity is expanding faster than at any time in the last three decades, giving it a real chance of achieving the goal of tripling global capacity by 2030 that governments set at the COP28 climate change conference last month, the IEA says in a new report. The amount of renewable energy capacity added to energy systems around the world grew by 50% in ...
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553 MW wind turbine order placed by Nordex with RPC in Sweden
Renewable Power Capital (RPC) has placed an order with Nordex SE (ETR:NDX1) for the supply of 553 MW of wind turbines for the group of four onshore wind projects in Sweden owned by the London-based renewables company. The German wind turbine maker will supply 80 turbines in total for the High Coast wind farm cluster, comprising six N149/5.X and 74 N163/6.X machines. Commercial operations are ...
By Nordex SE
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Nofar chooses LONGi panels for 576 MW of solar in Romania
Israeli renewables developer Nofar Energy Ltd has inked a EUR-76.6-million (USD 84.4m) agreement to buy solar panels from China’s LONGi Solar for projects in Romania. The contract is for a power generating capacity of 576 MW. Longi will be responsible for the entire delivery process from the manufacturing to the arrival of the panels on-site, the Israeli firm said in a LinkedIn post ...
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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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