Energy Update
U.S. Secretary of Energy Jennifer M. Granholm today announced the U.S. Department of Energy’s (DOE) goal to reduce the cost of grid-scale, long-duration energy storage (of which pumped storage hydro is the largest source) by 90% within the decade.
Yesterday, the Federal Energy Regulatory Commission (FERC) approved an Advanced Notice of Proposed Rulemaking (ANOPR) related to transmission reform. The ANOPR, titled Building for the Future Through Electric Regional Transmission Planning and Cost Allocation and Generator Interconnection, recognizes that the electricity system is changing with the addition of more and more renewable energy provided by intermittent sources of fuel like wind and solar.
Fuel cell technology firm Plug Power and Apex Clean Energy are partnering on a 345-MW wind power purchase agreement and development of a green hydrogen facility driven by the zero-carbon electricity.
CleanCapital announced today that it has partnered with EPC and O&M provider Borrego to construct a 6.7-MW distributed generation solar project in Maine. The project will benefit from Maine’s Net Energy Billing (NEB) kWh Program and will sell power to residential off-takers at a fixed discount to the prevailing utility rate for a 20-year term. CleanCapital will provide financing for the project, which is expected to reach commercial operation in 2022.
Clean Energy Group (CEG), a national nonprofit that works on clean energy and climate, announced the retirement of Lewis Milford, its founder and president. His retirement will become effective on December 31, 2021.
Billions of dollars of investment flowing into renewable energy. A President pushing for solutions to combat climate change. Innovative technologies challenging the status quo. This is all very current, but it’s also exactly what happened in the first wave of renewables during the Obama administrations. For companies seeking success today in what’s shaping up to be the even bigger second wave of renewables, it’s wise to consider the lessons of the first wave.
If the 19th century was the age of coal and the 20th the age of oil, the 21st century is starting to look like the age of lithium. A metal so soft it can be cut with a steel knife and for years known for its role treating bipolar disorder, lithium has quietly become the most important metal for several important industries — electronics, electric vehicles and renewable energy — because of its importance to energy storage.
HydroLand has acquired two small run-of-river hydroelectric facilities from Northbrook Carolina Hydro II LLC: 980-kW Bryson Hydroelectric Project and 1.04-MW Franklin Hydroelectric Project.
An international consortium made up of InterContinental Energy, CWP Global and Mirning Green Energy Limited, announced today an integrated green fuels mega project in the South-East of Western Australia.
Last year the number of residential battery systems installed in Australia increased by 20%. The 31,000 battery systems that were installed is a remarkable number, considering Australia entered a recession in September last year for the first time in almost 30 years. This article considers some of the key drivers behind the growing market adoption of small-scale battery storage systems in the Australian market.
Reduction in Feed-in Tariffs
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