Lacey@GCS, Author at Green Energy Stocks

WednesdayJul 10, 2024 9:00 am

Company Makes Progress in Building Storm-Resistant Clean-Energy System for Tropical Locations

The European Union's PLOTEC project has made notable progress in the development of a storm-resistant clean-energy system for use in tropical locations. Called the Ocean Thermal Energy Conversion (OTEC), the prototype generates electricity by using the temperature difference between colder deep water and warm surface water. In addition, the system can withstand severe tropical storms, and its design allows it to continue to generate electricity 24/7, even in the wake of major tropical storms, providing a perpetual clean-energy source that can run even after severe weather events in the tropics. The prototype is currently in development at the Hidramar Shipyard…

MondayJul 08, 2024 11:15 am

Correlate Energy Corp. (CIPI) Subsidiary Enters Key Partnership in Nation’s First Microgrid Utility

Ohio’s Cuyahoga County established a green energy utility three years ago, and recently signed a 10-year contract with companies Distributed Energy Capital and Compass Energy Platform to manage the first-in-the-nation community power operation Distributed Energy Capital is a subsidiary of Correlate Energy Corp., a distributed energy solutions developer that works strategically with partners to help clients make the transition to green energy transition Key development milestones for the utility are expected by next year, with a focus on supporting economic growth in the Cleveland metro region under a renewable energy model The partnership for the distributed energy utility model is being addressed with other…

MondayJul 08, 2024 9:00 am

Pope Says Vatican Will Be Eighth Nation to Run on Clean Energy

The Pope has revealed that the Vatican is slated to become the eighth nation in the world to eliminate fossil fuels from its energy mix and fully power itself with renewable energy. In an apostolic letter where Pope Francis announced the construction of a new solar plant in the Vatican, he noted that the human race now has the technological know-how to deal with the increasingly dire issue of climate change. More than a century of burning fossil fuels has left the atmosphere damaged, causing the planet to heat up faster than it should and resulting in a growing number…

FridayJul 05, 2024 9:00 am

WTO Report Says Trade Aid Could Broaden Opportunities in Energy Transition

The World Trade Organization Secretariat report has revealed that trade aid will be vital to broadening opportunities in the global transition to green energy. Launched late last month at the Global Review of Aid for Trade, the report noted that least-developed countries (LDCs) as well as developing economies have access to significant trade opportunities as the world transitions to renewables. It also outlined the role finance will play in helping such nations leverage available trade opportunities in the clean-energy-related product and service value chain. The “Aid for Trade in Action: Supporting the Transition to Clean Energy” report acknowledged that countries…

WednesdayJul 03, 2024 9:00 am

WEF Says China Now Looking to Massively Deploy Energy-Storage Systems

The World Economic Forum (WEF) says China’s next step in its transition to renewables is the massive deployment of commercial and industrial energy-storage systems. With most developed countries working to cut their greenhouse-gas emissions, China has invested billions of dollars into its fledgling green-energy industry over the past several years. The result is a massive deployment of wind and especially solar energy farms. In 2023 alone, China installed more solar panels than the United States installed in its entire history, putting the east Asian country at the forefront of global solar-energy deployment. However, due to their intermittent nature, renewables are…

MondayJul 01, 2024 9:00 am

New York Sets 2030 Target for 6GW of Additional Energy Storage

The state of New York is set to increase its energy-storage capacity by 6 gigawatts, roughly 20% of its peak electric power load, by the end of the decade. A recent statement from New York Governor Kathy Hochul revealed that the state’s Public Service Commission has approved a plan to add a whopping 6 gigawatts to New York’s energy capacity via a framework of comprehensive recommendations. According to the governor’s office, the framework will help the state expand its energy-storage plans, induce rapid renewable energy growth and increase grid reliability as well as customer resilience, all while maintaining cost effectiveness.…

FridayJun 28, 2024 9:00 am

Report Says Political, Economic Volatility Slowing Energy Transition Globally

A recent World Economic Forum (WEF) report has found that despite the progress numerous countries have made in the energy transition race over the last decade, several factors have slowed down the world's transition to renewables over the past 12 months. The report noted that geopolitical tensions, technological shifts and economic volatility have had a negative impact on the global-energy transition and hindered its progress in the past year. An estimated 83% of the 120 countries followed by the Energy Transition Index (ETI) lost ground in at least one dimension of energy-system performance (equity, security and sustainability) compared to 2023.…

WednesdayJun 26, 2024 9:00 am

Global Solar Energy Capacity Now Stands at 1.6TW

A new SolarPower Europe report has found that new solar installations in 2023 grew by 87% year-on-year to bring the world's total solar-energy capacity to a whopping 1.6 TW. Solar energy is still ahead of other green-energy sources, partly due to low prices, and accounted for 78% of global green-energy installations last year, making it one of the world's primary sources of renewable energy. According to the report, new global solar installations in 2023 reached 447 GW compared to 239 GW the previous year. SolarPower Europe’s annual Global Market Outlook for Solar Power 2024–2028 estimates that the world's total solar…

TuesdayJun 25, 2024 10:30 am

Energy and Water Development Corp. (EAWD) is Committed to Providing Wider Access to Much Needed Clean Water Through its Innovative Technology

Energy and Water Development, a green-tech engineering solutions company focused on delivering water and energy to extreme environments, is looking to make clean water accessible with its patent-pending, innovative solution The company’s Atmosphere Water Generation (“AWD”) uses ultra-efficient refrigeration technology for condensation of air, providing an unlimited water resource directly from the atmosphere With multiple coordinated units, the technology can produce up to 2.6 million gallons of water a day for industrial, residential, and commercial use EAWD’s management is confident that, through this innovative solution, it could provide millions of liters of fresh, clean water every day while preventing the…

MondayJun 24, 2024 9:00 am

Spain’s Renewable Energy Often Exceeds Demand, Raising Concerns

Spain finds itself in an exceedingly unique position: after making significant investments into renewable energy over the last decade, clean-energy production in the country now sometimes exceeds energy demand. The European nation has invested billions of dollars into clean energy and developed an impressive network of wind farms, allowing it to generate more clean energy than its citizens can use. In central Spain, the Castilla-LA Mancha plains that were once infamous for the windmills dotting their skyline are now overlooked by the Sierra del Romeral windfarm, a wind-energy project that features 28 vast wind turbines. Ran by Spanish company Iberdrola,…

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Author: Lacey@GCS