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Each quarter Wood Mackenzie and the American Clean Power Association (ACP) gather data on U.S. energy storage deployments, prices, policies, regulations, and business models. We compile this information to create the most comprehensive, timely analysis of energy storage in the U.S.
A recent petition to FERC could trigger nationwide changes to solar net-metering. On April 14, the New England Ratepayers Association (NERA) petitioned the Federal Energy Regulatory Commission (FERC) to assert jurisdiction over any on-site, behind-the-meter generation that injects energy onto the grid.
Businesses across Europe are facing mounting pressure to invest in more eco-friendly practices, but high upfront costs and operational challenges stand in the way. The EUs renewable energy target of 42.5% While these policies present challenges, they also offer a huge opportunity for firms to invest in green technology.
In recent years, electric vehicle (EV) adoption has accelerated in the world of personal cars. Now, as ambitious climate goals gain momentum and renewable energy prices drop, attention is turning towards scaling such systems for commercial transport. Financing zero: The road to emission-free fleets. Tali Zuckerman.
Back in 2016, First Solar proved in a California pilot project that utility-scale solar farms can provide critical transmission grid services. based solar module maker has taken the next big step in turning this capability into a real-world grid resource: convincing a grid operator to pay for it.
There is a huge demand for energy as well as medium and large-scale investments towards the usage of solar generation farms. Effective energyusage has drifted consumer tendencies and regulatory policies towards the deployment of solar technologies.
This partnership not only represents the largest contracted green hydrogen supply from a German electrolysis facility but also sets the stage for meaningful progress in decarbonizing energy-intensive sectors. This plant will use renewable electricity, such as wind and solarpower, to split water into hydrogen and oxygen through electrolysis.
On 26 September, the Department for Business Energy and Industrial Strategy (BEIS) published its latest figures on solar PV deployment in the UK. STA Chief Executive Chris Hewett said; “Understanding the exact make-up of our energy system is a vital step on the road to Net Zero.
Compiled by global climate tech company, IES, using its digital twin technology, the Local Area Energy Plan (LAEP) identified changes to the borough’s buildings and energy generation needed to hit the net zero target. It is estimated that over 2,100 public charging points for electric vehicles will be required.
Why can’t you get an accurate, fact-based online quote for a rooftop solar system, backup battery or electric vehicle charger as easily as getting a quote on, say, a mortgage refinancing or home insurance policy? electric customers now have smart meters, which could open data-sharing opportunities across the country.
Rhode Island Energy will deploy Landis+Gyr’s Gridstream Connect AMI network and Revelo smart meters across its service territory. The Revelo metering platform features grid edge sensing and edge computing capabilities to manage load and support grid troubleshooting, with the Revelo meter operating on Landis+Gyr’s RF Wi-SUN network.
This week’s edition of Smart Energy Finances – the first of 2023 – sees S&P Global downgrade Elia Group and Eurogrid’s outlook from stable to negative while Indian transmission company Adani Group announces BSML – a smart metering subsidiary. Adani launches smart metering arm. million prepaid smart meters, 4.9
Wind is China’s largest source of electricity after coal and hydropower, delivering 9.4% of the total electricity supply in 2023. The seeming enormity of the green energy shift taking place in China is given shape by what’s described as the most comprehensive English-language report on China’s energy transition.
As the 2020s progress, flexible energy portfolios will grow significantly as resources on either side of the meter proliferate in the U.S., These areas are regulatory reform, evolution of market models, the scale of grid edge investment around electrification, and de-risking grid edge investment. Europe, Asia and beyond.
A settlement has been reached on the FirstEnergy Ohio utilities’ second phase grid modernisation plan, including expanding the state smart meter rollout. The first phase included the installation of approximately 706,000 smart meters , while the second phase will allow for expansion for the remaining estimated 1.4
European Commission Grants Certification Schemes for Renewable Hydrogen and RFNBOs The European Commission has taken a major step towards decarbonizing the energy and industrial sectors with its formal approval of certification schemes for Renewable Fuels of Non-Biological Origin (RFNBOs), including renewable green hydrogen.
The nation’s power sector is also heavily reliant on hydrocarbons, which is hardly surprising considering its affordability and supply. With an ambitious renewable energy target of 50% of its power supply by 2030, is there a prominent role for geothermal in Saudi Arabia’s energy mix?
Several floors below the firm’s balcony, power lines crisscross over piles of garbage, a fleet of rickshaws and cow patties on a rooftop, being dried for cooking fuel. “I don’t think you can just deploy solar and solve everything,” he said. Demand for flexible, clean power spurs startup activity.
The uncertainties centre on Equinor’s backing for new “net zero” gas-fired power plants fitted with technology to capture carbon dioxide (CO2) billowing from their smokestacks, and bury the gas in disused oil and gas fields under the North Sea. Credit: Sabrina Bedford.
Residential energy is becoming companies' business. In this crazy upside-down world, the line between residential and commercial energy is getting fuzzy. . Everything changed so quickly, it makes sense that climate and energy teams have yet to figure out how to account for the shift. Sarah Golden. Fri, 05/29/2020 - 01:45.
California already has some of the highest electricity rates in the country. Those costs could rise even faster over the next decade, as utilities harden their grids against wildfires, grow their share of net-metered rooftop solar, and add other costs being passed through to utility customers.
gigawatt natural gas power plant in the U.K. have been shelved by the developer Drax, highlighting the challenging economics of converting coal-fired power to a cleaner, but still fossil-fuel-fired, alternative. ’s largest power plant. GW of power output to biomass, with a remaining 1.3 Plans for a new 3.6-gigawatt
Last week, New York utility Con Edison launched its latest effort to smooth the way for customers to install rooftop solar — and to feed the utility's growing hunger for data on how that solar can be integrated into its grid. Con Edison is in the final stages of deploying smart meters to its approximately 1.3
Despite coronavirus-related setbacks, 2020 will be one of the biggest years for solar demand in Latin America. The period 2020-2025 will see utility-scale distributed solar grow in many countries in the region, led by Mexico, Brazil and Chile, with distributed solar expanding most rapidly in Brazil. Source: Wood Mackenzie.
The only climate trend more powerful for global financial institutions than the drive to achieve net-zero emissions by 2050 is the momentum to exit oil and gas. According to the Institute for Energy Economics and Financial Analysis (IEEFA), more than 50 globally significant financial institutions have put in place an oil and gas exit policy.
The series is supported by the Temple Hoyne Buell Center for the Study of American Architecture at Columbia University, and is part of their POWER project. . Other wood pellet companies have flocked to the region, including Drax , a major energy utility in the UK that now manufactures wood pellets in the U.S.
So, why is it that “building electrification” is now among the energy industry’s most popular buzzwords? They use electricity to power lights, refrigerators and electronic devices. And they consume fossil fuels such as natural gas or propane to power furnaces, boilers, and water heaters. It depends.
As the surge in renewable energy initiatives continues to redefine the landscape of energy production, solar farming has emerged as a beacon of sustainable income and environmental stewardship. This exploration seeks to illuminate the path toward a greener future and a prosperous venture in the realm of solarenergy.
Over the past decade, London-based Kiwi Power has harnessed a gigawatt of flexible commercial and industrial loads in 10 European countries into behind-the-meter networks of energy flexibility, capable of serving wholesale capacity markets , reducing strain on distribution grids, or responding to second-by-second frequency regulation signals.
Europe's power system will look very different in 2030, with energy storage supporting the “dominance” of wind and solar generation, according to new research from Wood Mackenzie. By 2040, Europe is expected to add another 169 gigawatts of wind and 172 gigawatts of solar.
A positive Return On Investment (ROI) and Sustainability go hand in hand, as many sustainable business practices save money, create a competitive advantage, open new markets and attract customers and employees. Measuring EnergyUsage and Savings. Sustainability Management Software To Drive Sustainability ROI . Increased Sales.
Influenced by the increasing penetration of “behind-the-meter” distributed energy resources (DER), power systems are experiencing a paradigm shift from a centralized structure to a decentralized one. Australia has the highest uptake of solar globally, with more than 2.68 Increase in DER integration.
Special interest groups across the country are working to stall the growth of rooftop solar, according to a new report released last week by Environment America Research & Policy Center and U.S. receive fair compensation for the clean energy they supply to the electric grid, said the groups. PIRG Education Fund.
market for distributed energy resources will look very different in five years than it does today. And electric vehicles will give utilities and regulators the opportunity to promote pricing regimes to encourage charging when electricity is abundant — or suffer potentially grid-destabilizing consequences.
From the analytical power of data, through to the introduction of AI and machine learning, digitalisation is becoming paramount in enabling the insights needed to make better decisions in all areas of the evolving energy landscape. Digitalisation plays a vital role in addressing this challenge.
Happy New Year 🎉 We’re glad to be back in your inbox after a little R&R over the holiday break, and we’ve got one last gift for you: our 2024 Climate Tech Investment Trends report, live now. AI spurred clean firm power, Europe strengthened carbon markets, and emerging economies’ climate tech demand opened up.
Centralized markets with prices set by the cost of marginal dispatch, most often from fossil-fuel generation, are the bedrock of most major power systems. Due to power markets’ complexity and scale, it is typical for there to be a lag between changes and the market's response. However, market arrangements are not static.
By Shelley Robbins, Clean Energy Group. In those states, where clean energy is now gaining a stronger foothold, valuable lessons can be found. Actions by these states to change the direction of energypolicy are a powerful confirmation that clean energy is a viable, cost-effective alternative to fossil fuels.
As an intern in Lehman Brothers’ global power group in 2008, she watched the collapse of the investment bank happen in real time. Later, as a wind and solar developer in Italy, she watched European markets grind to a halt after feed-in tariffs were slashed. And in the U.S., And in the U.S.,
Limited visibility and understanding of distributed energy resource (DER) behaviour is creating operational challenges, Siemens has found in a new study with utilities in the US and Canada. Source: Siemens’ Seeing behind the meter survey Have you read?
energy storage industry capped off its biggest year of installations with its largest single quarter in Q4. energy storage installation topped 522.7 megawatt-hours in the fourth quarter, according to the newly released Energy Storage Monitor , produced by Wood Mackenzie and the Energy Storage Association.
It's not necessarily that the game of musical chairs has intensified in the C-suite, but you'll note major executive moves at big apparel, food, energy, finance and technology corporations, some of which have enlisted a chief sustainability officer (CSO) or equivalent for the first time. The former U.K.
Consulting firm Wood Mackenzie released analysis saying California’s newly proposed net metering tariffs would cut the state’s residential solar market in half by 2024. would reduce payments granted to rooftop solar customers for the excess power they generate, which is known as net metering. Gavin Newsom.
The Idaho Conservation League and Vote Solar are advocating for the Idaho Public Utilities Commission to protect existing Idaho Power Company residential and small business solar customers when new compensation rules replace net-metering next year.
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