UrbanVolt, the Dublin-headquartered energy-saving LED lighting firm whose backers include rugby star Jamie Heaslip, has announced a new solar solution. The company, which last year signed a €30 million funding deal with Swiss green energy private equity group Susi Partners, has become internationally known for its "light as a service" offering where it installs energy-efficient lighting for businesses free of charge, with an agreement to split the energy savings between both parties over a five year period.
On the global stage, China is the leading market for wind energy. With wind capacity of 168.7 GW at the end of 2016, it held a market share in new deployments of over 42 percent. China’s commitment to renewables, with a focus on wind, doesn’t show signs of ebbing: aiming for 20 percent of its energy needs to be met with clean energy by 2030 and pledging to invest US$367 billion in renewables by 2020, MAKE Consulting predicts China averaging over 25 GW of new wind capacity annually for the next decade.
The World Bank Group (WBG) yesterday during the One Planet Summit in Paris said that, as of 2019, it will no longer finance exploration for and production of oil and gas.
Israel-based Ecoppia yesterday said that it has raised $13 million, led by investors Swarth Group, GlenRock Israel, Gandyr Group, and Harel Group Insurance and Finance.
Brazil’s biggest wind company has set its sights on dominating the country’s nascent solar market. CPFL Energias Renovaveis SA has 1 MW of solar power in operation now, a pilot project in Sao Paulo State, but has plans to build another 450 MW.
The U.S. Department of Energy (DOE) Secretary Rick Perry on Dec. 12 announced a significant new DOE commitment to advance offshore wind energy.
The U.S. Department of Energy is funding a new research consortium that will look into ways to reduce the cost of offshore wind in the U.S. Secretary of Energy Rick Perry yesterday said that $18.5 million will be available for the R&D consortium.
Two California energy storage providers say they are deploying networks of systems in Japan to help the country use more renewable energy. Stem Inc., a California firm that provides energy storage solutions, said it’s deploying a network of systems with Mitsui & Co. Ltd., marking its first foray into Asian markets.
Tesla Inc., Sunrun Inc. and National Grid Plc are among recipients of energy-storage grants totaling $20 million from Massachusetts.
If Hurricane Sandy, during which millions of New Yorkers lost power and damage to the electric grid was substantial, was the spark that ignited New York’s “Reforming the Energy Vision, aka REV” then perhaps Hurricane Maria will be the spark that ignites a new energy vision for Puerto Rico.
New York is making it easier for facilities in the state to access analyses that will help determine whether they can benefit from geothermal systems for heating and cooling.
Attitudes to combined heat and power technology have transformed, according to speakers at the world’s largest electric power conference.
And interview with Emily Fisher, Vice President, Law, and Corporate Secretary at Edison Electric Institute about the view from Washington following a Thursday, December 7 Plenary discussion at POWER-GEN International. Fisher describes the two different avenues that President Trump is pursuing regarding regulations and the energy industry.
There has been a steady stream of mergers and acquisitions (M&A) in the utility sector over the past several years. These transactions generally require public service commissions (PSC) approval in the states in which one or both of the parties have operations, and the PSCs are typically charged with approving only transactions that are in the public interest.
Today's topics include highlights from POWER-GEN, the largest show for the power generation industry, the energy imbalance market, Azeb Asnake, the solar trade case and more.
After spending years building up its gas-power business, General Electric Co. is trying to figure out how to keep pace in a world that’s no longer all that interested in fossil fuels.
China Three Gorges New Energy Co. started building the 150-megawatt project in July and part of the plant has connected to the grid, according to a Dec. 10 statement. The project features panels fixed to floats on the surface of a lake that formed after a coal mine collapsed, according to the unit. The entire facility is expected to come online by May 2018.
The Trump administration, which was looking to have a plan in place this week to bail out America’s coal country, will instead have to wait until the new year.
Kevin McIntyre, sworn in Thursday as chairman of the Federal Energy Regulatory Commission, asked for a 30-day extension to act on a sweeping proposal by Energy Secretary Rick Perry that would subsidize struggling coal and nuclear plants. Perry, who had called on the commission to come up with a plan by Dec. 11, granted the delay late Friday, saying he “respects the reasons” but “looked forward to swift action.”
As soon as solar started being introduced to the grid, operators and engineers raised concerns about solar resources causing instability. Is it possible, however, for utility-scale solar PV plants to provide grid reliability services? Mahesh Morjaria, vice president of PV systems for First Solar, says yes.
Electric grids are mighty complicated. Of course, if you’re in the industry, you don’t need me to tell you that. When we created these huge networks of wires to pass electricity from generator to user, we simultaneously needed to track where the energy originated and where it went so we could figure out how to pay people for the energy they provided.