November 2024 - Green Energy Stocks

FridayNov 29, 2024 8:00 am

Power Authority in New York Receives Public Comment Regarding its Clean Energy Plan

The New York Power Authority hosted a public hearing at Holiday Inn, Downtown Binghamton to discuss its plans for New York State to achieve 70% clean energy by 2030. Included in the Build Public Renewables Act in the 2023-24 New York state budget, the Renewables Strategic Plan mandates requisite parties to hold three hearings to receive public comments. In addition to the recent Southern Tier session, five other public hearings were held across New York. The act was endorsed by several labor unions as well as Public Power New York, a group of climate advocacy and political organizations that includes…

TuesdayNov 26, 2024 8:00 am

Global Uncertainty is Weighing Down Clean Energy Innovation

Innovation in the burgeoning clean energy sector is being bogged down by policy and economic uncertainty. The vast majority of the globe has pledged to transition from the fossil fuels that are exacerbating climate change to renewables like wind, solar, hydroelectricity, and geothermal over the next several decades. While extremely massive in scope, the energy transition can be achieved with policy support coupled with massive public and private sector cooperation. However, this transition is being threatened by growing global uncertainty. In an industry where new projects require significant startup costs, investors will only invest if they are sure to make…

FridayNov 22, 2024 8:00 am

One Biden Admin Clean Energy Project in Nevada Could Win Trump’s Favor

With controversial billionaire and President-elect Donald Trump set to take over from President Joe Biden over the next couple of months, America's clean energy industry remains apprehensive about its future. Trump has publicly criticized the Biden administration's significant investments in renewables and vowed to defund most green energy programs once he assumes office. However, there is one renewable energy project in Nevada that could win Trump's favor. There are only two known lithium-boron deposits across the entire globe, and one of them is in Nevada. Located at Rhyolite Ridge, the lithium deposits are so immense that they can support the…

ThursdayNov 21, 2024 8:00 am

Biden Says US Green Energy Plans Won’t Be Reversed as Trump Takes Office

Outgoing U.S. President Joe Biden Says President-elect Donald Trump will not reverse the current administration's green energy plans once he assumes office. Biden’s statement comes as the burgeoning green energy industry grows increasingly apprehensive of how a second Trump administration will impact the sector. While Biden’s administration has championed green energy and invested billions of dollars into building the country's green energy infrastructure and upgrading the grid, Trump is an outspoken critic of the administration's investment in clean energy. The Republican noted before and during his campaign that he would rescind all unsent funds invested in green energy if elected.…

TuesdayNov 19, 2024 8:00 am

COP29 Green Energy Announcements Could Boost the Transition

With the 2030 deadline for doubling energy efficiency and tripling green energy capacity just a few years away, nations are deploying affordable wind and solar energy at record pace. The ongoing 2024 United Nations Climate Change Conference (COP29) in Baku, Azerbaijan has seen a series of announcements that could accelerate the global transition to renewables in time to meet green energy goals. For starters, the Utilities for Net Zero Alliance (UNEZA) announced that its membership has doubled since its launch at COP28. UNEZA was established under the guidance of the UN Climate Change High-Level Champions and the International Renewable Energy…

FridayNov 15, 2024 8:00 am

UN Urged to Discuss Bank Financing of Renewable Energy Projects

As the 2024 UN Climate Change Conference (COP29) takes place this week, the United Nations is being urged to make renewable energy project funding part of the discussion. There have been increased calls for the UN to prioritize discussing bank lending for the burgeoning green energy industry and some even insist that banks could help speed up the transition to renewables. COP29 will run from November 11th to 22nd, in Baku, Azerbaijan, and feature discussions related to the 17 Sustainable Development Goals. Clean and affordable energy is the 7th of these 17 critical goals, making it one of the ongoing…

ThursdayNov 14, 2024 8:00 am

Could Hydrogen Hubs Boost the Energy Transition

The United States Department of Energy has committed to constructing a network of hydrogen hubs comprising pipelines and hydrogen facilities in southeast Pennsylvania. The project is part of a massive $7 billion investment in hydrogen hubs that would see hydrogen become one of the country's main renewable alternatives to fossil fuels. However, critics of the $7 billion hydrogen hub project have questioned the high costs involved as well as its projected net carbon emission savings. Outgoing President Joe Biden announced the $7 billion investment in the fall of 2023, stating that it would fund the construction of 7 hydrogen hubs…

TuesdayNov 12, 2024 8:00 am

Efficient, Resilient Grids Can Help Countries Make Energy Transition

The global transition to green energy will benefit from healthy, efficient, and resilient electricity grids. Both mini-grids and long-distance centralized grids will be required to ensure everyone has access to sustainable energy as renewables like solar and wind replace fossil fuels in the world's energy mix. While generating enough green energy to power the world's ever-increasing energy needs will be a substantial achievement, it is one half of the equation. Once this capacity is generated, utilities have to deliver it to customers, often tens or even hundreds of miles from the power plants, at relatively low costs and without overwhelming…

FridayNov 08, 2024 8:00 am

How Risks Due to Clean Energy Intermittency Can Be Mitigated

Intermittency is one of the key challenges governments will have to overcome as they build modern energy systems that are fully reliant on renewable energy. While fossil fuel-fired power plants generate energy at any time of the day or night, clean energy is dependent on the time and weather conditions. This is clean energy intermittency. A solar energy plant has zero output at night and its capacity may be limited during the day due to cloudy or overcast conditions. Renewables can produce energy in abundance but their intermittency can inject a lot of volatility into green energy prices, especially if…

ThursdayNov 07, 2024 9:00 am

Several Positions of US Utility Control Officials are on the Ballot

The outcome of America's renewable energy ambitions may hinge on the outcome of the November 2024 elections. While it may seem that a Kamala Harris presidency would advance the current administration's efforts to advance green energy in the country, whoever clinches several hundred key local positions may have just as much sway. These often overlooked utility control officials control the country's power grid, making them an integral cog in America's climate action. The U.S. can generate as much clean energy as possible, but it will be useless if the grid isn't ready and willing to handle the additional load. Major…

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Month: November 2024