Buffett Still Banking on Energy—BHE Announces Canadian Wind Farm

Credit to Author: Darrell Proctor| Date: Wed, 16 Oct 2019 18:25:06 +0000

The post Buffett Still Banking on Energy—BHE Announces Canadian Wind Farm appeared first on POWER Magazine.

The evolving landscape of power includes not only new types of generation, but also involves new investors, including some of the most well-known names in global business. Bill Gates, who co-founded Microsoft with the late Paul Allen, formed Breakthrough Energy Ventures (BEV) in 2016, a group that supports battery energy storage, nuclear power innovation, geothermal, […]

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Uptake of GE’s Biggest Wind Turbines Gain Traction

Credit to Author: Sonal Patel| Date: Thu, 10 Oct 2019 13:33:55 +0000

The post Uptake of GE’s Biggest Wind Turbines Gain Traction appeared first on POWER Magazine.

GE Renewable Energy has made major gains in orders for its 5.3-MW Cypress onshore wind turbine and the 12-MW Haliade-X offshore wind turbine. Prototypes of both are still being tested in the Netherlands. Key Contracts for Innovative 5-MW Onshore Machine  The GE business division introduced the first turbine in the Cypress platform, a 4.8-MW machine, […]

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PacifiCorp Plans Shift From Coal To Renewables & Storage

Credit to Author: Steve Hanley| Date: Tue, 08 Oct 2019 19:30:38 +0000

Long a laggard in the clean energy revolution, PacifiCorp is now proposing to invest billions in solar, wind, storage, and transmission line upgrades.

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Distress and Deals Continue to Persist in Energy Sector

Credit to Author: Aaron Larson| Date: Mon, 07 Oct 2019 20:11:59 +0000

The post Distress and Deals Continue to Persist in Energy Sector appeared first on POWER Magazine.

At the end of last year, the power market began to lose steam. The credit market wasn’t as strong as it was at the start of the year and many people began speculating “doom and gloom” for the market. However, over the last few months, the power market has picked up and is beginning to […]

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Researchers: $71 Billion of Japan’s Coal Assets at Risk

Credit to Author: Darrell Proctor| Date: Mon, 07 Oct 2019 20:02:02 +0000

The post Researchers: $71 Billion of Japan’s Coal Assets at Risk appeared first on POWER Magazine.

Research from the University of Tokyo, along with that of two other groups, shows Japan’s coal-fired power plant fleet is at economic risk as the country adds more generation from renewable energy resources such as solar and wind. The report, called “Land of the Rising Sun and Offshore Wind,” released Oct. 6 and based on […]

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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 Remote Operation Centers Can Help Companies Transition

Credit to Author: Aaron Larson| Date: Tue, 01 Oct 2019 02:43:44 +0000

The post How Remote Operation Centers Can Help Companies Transition appeared first on POWER Magazine.

The energy industry is currently moving from a traditional, highly regulated production model dominated by electricity utilities to a decentralized, deregulated model featuring a higher proportion of renewable energy sources such as wind and solar power. With subsidies in decline, renewables are reaching grid parity—with costs equal to or less than traditional sources. Not surprisingly, […]

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ENGIE, Microsoft Seal Innovative ‘Firm Power’ PPA for 230 MW Wind and Solar in Texas

Credit to Author: Sonal Patel| Date: Thu, 26 Sep 2019 15:03:14 +0000

The post ENGIE, Microsoft Seal Innovative ‘Firm Power’ PPA for 230 MW Wind and Solar in Texas appeared first on POWER Magazine.

ENGIE, the world’s largest independent power producer, has signed an innovative volume firming agreement (VMA) with Microsoft that will allow the technology giant to buy “firm” power from wind and solar projects in Texas under a specially structured power purchase agreement (PPA).  The companies on Sept. 24 said the long-term PPA will allow Microsoft to […]

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DTE Energy Latest to Target Net-Zero Carbon Emissions

Credit to Author: Sonal Patel| Date: Thu, 26 Sep 2019 12:57:39 +0000

The post DTE Energy Latest to Target Net-Zero Carbon Emissions appeared first on POWER Magazine.

DTE Energy has announced a goal to achieve net-zero carbon emissions by 2050, following steps by Duke Energy, American Electric Power, and NRG Energy to do the same over the past two weeks. The Detroit-based company on Sept. 26 said it would go beyond its existing commitment to reduce carbon emissions 50% by 2030 and […]

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Clean Tech Leaders Honored at North America Smart Energy Week

Credit to Author: Aaron Larson| Date: Tue, 24 Sep 2019 19:40:11 +0000

The post Clean Tech Leaders Honored at North America Smart Energy Week appeared first on POWER Magazine.

Winners of The Cleanie Awards—the only comprehensive awards program focused exclusively on the clean energy industry—were unveiled on Sept. 24 during North America Smart Energy Week in Salt Lake City, Utah. “The Cleanie Awards honors companies and individuals at the forefront of innovation for the clean technology and renewables industries,” said Elyssa Rae, program director for […]

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