Watch & Listen
Beer giant Anheuser-Busch announced Tuesday the signing of a 15-year virtual power-purchase agreement with Recurrent Energy for a 222-megawatt (AC) project in West Texas.
In 2017, Anheuser-Busch committed to purchasing 100 percent renewable electricity by 2025. It’s previously inked renewables deals with AES Distributed Energy on a 2.76-megawatt solar project in New York and with Enel Green Power for 152.5 megawatts of wind in Oklahoma.
Over the past two years, states along the U.S. East Coast have announced increasingly ambitious targets to build offshore wind projects.
In January of this year, to cite the most consequential recent example, New York nearly quadrupled its offshore wind target to 9,000 megawatts by 2035.
But what do the gigawatts’ worth of state-level commitments mean for companies unsure whether to commit resources to become part of the supply chain for offshore wind projects?
But that wait-and-see period for large power companies has ended—perhaps sooner than anyone expected. Rapid technological advances in battery storage, smart-home technology, and energy management devices are making DER much more attractive in terms of cost and convenience for various types of customer applications, including reducing carbon emissions. Because of this, power companies must drastically change their strategic calculus
The simplest measure of how the mass burning of fossil fuels is disrupting the stable climate in which human civilisation developed is the number of carbon dioxide molecules in the atmosphere.
Today, the CO2 level is the highest it has been for several million years. Back then, temperatures were 3-4C hotter, sea level was 15-20 metres higher and trees grew at the south pole. Worse, billions of tonnes of carbon pollution continues to pour into the air every year and at a rate 10 times faster than for 66m years.
New WIRES Group Report: $230 – $690 Billion Investment In US Transmission System Needed By 2050 To Support A More Electrified…
A newly released report by WIRES finds that the drive towards electrification of transportation and heating in the U.S. will require major new electric transmission infrastructure. The report, titled The Coming Electrification of the North American Economy: Why We Need A Robust Transmission Grid, projects that investments totaling $30-to-$90 billion will be needed by 2030, and significantly more than that by 2050.
Prices for lithium-ion battery storage as well as offshore wind have fallen more sharply than other clean generation technologies in the past year, according to BloombergNEF (BNEF).
The company’s latest analysis shows the benchmark levelised cost of electricity (LCoE) for lithium ion batteries has fallen 35% to $187 per megawatt-hour (MWh) since the first half of 2018.
Meanwhile the benchmark offshore wind LCoE has come down by 24%.
According to a new report from Agora Energiewende and Sandbag, the EU solar market grew around 60%, or 10 GW, last year. The analysis also predicts that total solar demand across all EU PV markets will continue to grow due to lower module prices, and that it may reach an annual volume of 30 GW within four years. Meanwhile, solar has reportedly achieved a 4% share in the EU electricity mix.
To keep global warming in check, the world will have to invest an average of around $3 trillion a year over the next three decades in transforming its energy supply systems, a new United Nations climate science report says. It won’t be cheap, but it’s also a change that’s already underway.
Much of that investment is money that would be spent on energy systems anyway. Instead of continuing to invest it in fossil fuel-based energy that worsens global warming and can harm human health, the report provides a pathway for shifting those investments to clean energy.
Why it matters: The U.S. has long been a laggard, but that’s poised to change thanks to a convergence of forces that analysts see bringing enough coastal wind online over the next decade to power millions of homes.
What’s happening: A huge energy conference here in the nation’s oil-and-gas capital offers a window into what’s prompting giant energy companies to plan multibillion dollar investments. It’s a story of…
No longer bit players, distributed energy resources (DERs) have stepped into the spotlight.
In its 2018 State of the Electric Utility survey, Utility Dive found that utility professionals ranked DER policy as their #2 concern behind physical and cyber security and rated integrating renewables and DERs as their #4 top issue.
No wonder: DERs have the potential to revolutionize the power system. They can help utilities avoid or defer expensive infrastructure investments, improve resilience, boost reliability and allow greater integration of intermittent generation. They can support a more flexible and efficient grid, providing energy, capacity and ancillary services to the distribution and bulk power systems.
We can’t eliminate the variability of the wind, but our early results suggest that we can use machine learning to make wind power sufficiently more predictable and valuable. This approach also helps bring greater data rigor to wind farm operations, as machine learning can help wind farm operators make smarter, faster and more data-driven assessments of how their power output can meet electricity demand.
The Green New Deal has burst onto the American stage, spurring more conversation about – and aspiration for – ambitious climate policy than at any point in at least a decade.
I’m glad to see it. Suddenly, climate is on the agenda, and ambitions for climate policy are higher than perhaps at any point in US history.