Is Carbon Pricing the Key to a Clean Energy Future? [PODCAST]

Credit to Author: Aaron Larson| Date: Wed, 04 Dec 2019 14:37:30 +0000

The post Is Carbon Pricing the Key to a Clean Energy Future? [PODCAST] appeared first on POWER Magazine.

The New York Independent System Operator (NYISO) has proposed incorporating the social cost of carbon into the wholesale price of electricity. According to an October-released study conducted by the consulting firm Analysis Group, “A carbon price in NYISO’s competitive wholesale power markets can help deliver New York’s clean-energy transition in faster, cheaper, more reliable, more […]

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Renewable Power Generation on Rise in Turkey

Credit to Author: POWER| Date: Mon, 02 Dec 2019 05:00:00 +0000

The post Renewable Power Generation on Rise in Turkey appeared first on POWER Magazine.

The market for renewable energy in Turkey has been growing since the country enacted a “Renewable Energy Law” in 2005. Progress has been steady and has ramped up in recent years after renewable energy

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What’s Driving Wholesale Power Price Changes? Not What You Think

Credit to Author: Sonal Patel| Date: Wed, 27 Nov 2019 15:10:43 +0000

The post What’s Driving Wholesale Power Price Changes? Not What You Think appeared first on POWER Magazine.

Falling natural gas prices tamped down annual U.S. wholesale power prices over the last decade by $7/MWh to $53/MWh—to a much higher degree compared to the impact of wind and solar growth—a new report from Lawrence Berkeley National Lab (LBNL) suggests.  The Nov. 20–published report, The Impact of Wind, Solar, and Other Factors on Wholesale Power […]

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‘GREEN Act of 2019’ Extends Tax Credits for Renewables

Credit to Author: Darrell Proctor| Date: Tue, 19 Nov 2019 18:41:57 +0000

The post ‘GREEN Act of 2019’ Extends Tax Credits for Renewables appeared first on POWER Magazine.

The Ways and Means Committee of the U.S. House of Representatives on Nov. 19 released a draft tax package for clean energy projects that includes a five-year extension of the 30% solar Investment Tax Credit (ITC), along with new incentives for energy storage. The legislation also supports incentives for electric vehicles (EVs), offshore and onshore […]

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Ritter’s Message: Market Forces Drive Growth in Distributed Generation

Credit to Author: Darrell Proctor| Date: Thu, 31 Oct 2019 16:26:07 +0000

The post Ritter’s Message: Market Forces Drive Growth in Distributed Generation appeared first on POWER Magazine.

Market forces are playing as much if not more of a role than regulatory policy in the transition from fossil-fueled power generation to renewables, as utilities in the U.S. and worldwide establish decarbonization goals. That was the message from Bill Ritter Jr., former governor of Colorado, during his keynote address at POWER’s Distributed Energy Conference […]

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Four Projects Picked to Speed Up Pumped Storage Hydro Construction 

Credit to Author: Sonal Patel| Date: Wed, 09 Oct 2019 14:24:39 +0000

The post Four Projects Picked to Speed Up Pumped Storage Hydro Construction  appeared first on POWER Magazine.

Four projects have won a competition launched by the Department of Energy (DOE) in April 2019 to help shorten the commissioning time for pumped storage hydropower projects and revitalize the hydropower industry.  The grand prize winners or the Furthering Advancements to Shorten Time (FAST) Prize competition were selected by the National Renewable Energy Laboratory (NREL) […]

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EIA: Renewables Will Account for Half of Global Power Generation by 2050

Credit to Author: Darrell Proctor| Date: Wed, 02 Oct 2019 15:27:12 +0000

The post EIA: Renewables Will Account for Half of Global Power Generation by 2050 appeared first on POWER Magazine.

Solar power is expected to take a larger share of global power generation across the next 30 years, according to the U.S. Energy Information Administration (EIA), as renewable energy continues to be adopted worldwide. The EIA’s International Energy Outlook 2019 (IEO2019), released Oct. 2, shows 28% of the world’s power came from renewables in 2018, […]

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How Net Generation Has Changed in States with Renewable Portfolio Standards

Credit to Author: Sonal Patel| Date: Wed, 04 Sep 2019 12:48:26 +0000

The post How Net Generation Has Changed in States with Renewable Portfolio Standards appeared first on POWER Magazine.

As of August 2019, 29 U.S. states and the District of Columbia had renewable portfolio standards (RPSs), and eight others had non-binding renewable portfolio goals. Three states also had clean energy standards, which set targets for low-carbon non-renewables, like nuclear, and two had clean energy goals. Our monthly infographic in September 2019 shows how shares for each […]

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POWER Digest [August 2019]

Credit to Author: POWER| Date: Thu, 01 Aug 2019 00:00:00 +0000

VW Chooses MHPS to Modernize Cogen Plant. Volkswagen AG (VW) in early July said it chose Mitsubishi Hitachi Power Systems Europe (MHPS Europe) to build a gas-and-steam power plant in Wolfsburg, as part of the

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Regulators Back Georgia Power Plan to Close Coal Units, Add Renewables

Credit to Author: Darrell Proctor| Date: Wed, 17 Jul 2019 17:07:27 +0000

The Georgia Public Service Commission (PSC) on July 16 threw its support behind Georgia Power’s plan to add 2,260 MW of new renewable power generation to the utility’s portfolio, on the same day the PSC signed off on the company’s effort to decommission its long-running coal-fired Plant Hammond. Georgia Power earlier this year submitted a […]

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