During his April 5-9, 2021, visit to India and Bangladesh, U.S. Special Presidential Envoy for Climate John Kerry highlighted several new initiatives from the U.S. Agency for International Development (USAID) in India and Bangladesh that will help combat climate change by expanding access to clean energy, strengthening climate-resilient infrastructure, and promoting clean energy entrepreneurship. In […]
Renewables Buildout to Fall Short of Biden’s Climate Goal
The U.S. probably will fall short of President Joe Biden’s goal of decarbonizing the power system by 2035 even though the nation is on track to almost triple wind and solar capacity over the next 10 years. That’s the assessment of a report Friday from BloombergNEF, which hosts its annual summit in New York next […]
1H 2021 U.S. Renewable Energy Market Outlook
Tax credits for both wind and solar will allow large-scale projects commissioning by the end of 2025 to offer lower costs to end users than those in the second half of the decade. The U.S. is about to see five years of record large-scale solar capacity additions, adding over 20GW each year. Both large- and […]
How Southwest Power Pool Sets Renewable Records Daily
The Southwest Power Pool – A wholesale power market that manages a real-time energy market in 14 states across the Central U.S. – set a new record for renewable penetration, with 80.3% of its electricity coming from renewables. Five days later, SPP broke that record and reached 81.4% renewable penetration. Before the month was out, […]
TWELVE CLIMATE INNOVATORS CHOSEN AS 2021 BNEF PIONEERS
Game-changing companies recognized for their leadership in transformative technologies. New York : Today announced the twelve winners of the 2021 BNEF Pioneers – early-stage companies that are pursuing exciting and important low-carbon opportunities. The winners were selected as their innovations fill important gaps in optimizing long-haul freight, making sustainable materials, tracking greenhouse gases, valuing carbon […]
DOE Announces $20 Million to Advance Manufacturability of Grid-Scale Energy Storage Technologies
Mature flow battery technologies will allow the U.S. to store and dispatch clean energy from renewable generation sources on a grid-scale, enabling flexible, resilient, and secure infrastructure. The U.S. Department of Energy (DOE) last month announced up to $20 million for research and development (R&D) that will advance the manufacturability of mid-sized flow battery systems. […]
KKR to Buy Stake in Sempra Infrastructure for $3.37 Billion
KKR & Co. agreed to pay $3.37 billion for a 20% stake in a Sempra Energy unit comprising the U.S. company’s infrastructure assets, including a liquefied natural gas project and a Mexican renewables and pipelines operator. It’s the latest example of a broader push among U.S. utilities eschewing diversification to focus on providing electricity and […]
Biden’s plan for 500,000 EV charging stations faces tough road ahead
Biden proposes spending $174 billion to promote electric vehicles and install 500,000 charging stations across the U.S. Plans for a national electric-vehicle charging network were mostly repeated details from the Biden administration Wednesday, but the announcement still sent already elevated charging-company stocks higher. The headlines also left Americans wondering how soon a complex network to […]
Alfa Laval Supports New Funding of U.S. Energy-Storage Startup Malta
The Swedish manufacturer is also collaborating with Malta on the development of a heat exchanger key to the project. U.S. startup Malta Inc., which is developing an electro-thermal energy-storage system, announced it has raised US$50 million in a Series B round of funding, with support from Swedish heat exchanger manufacturer Alfa Laval. For Malta, based […]
Biden targets big offshore wind energy expansion to fight climate change
The plan is part of Biden’s broader effort to rapidly transition the U.S. economy to net zero greenhouse gas emissions to fight climate change. New Delhi: The administration of U.S. President Joe Biden said on Monday that it has set a goal to vastly expand the nation’s offshore wind energy capacity in the coming decade […]