Lacey@GCS, Author at Green Energy Stocks

WednesdayMay 22, 2024 9:00 am

Wood Mackenzie Analysis Suggests Trump Presidency Would Set Back Clean Energy by a Trillion Dollars

Analysis by Wood Mackenzie has found that another Trump presidency could have devastating consequences on America's green-energy transition. While President Joseph Biden has pledged to invest billions in developing the country's renewable-energy infrastructure, former President Donald Trump is mostly opposed to efforts to replace fossil fuels with greener alternatives. As a result, Wood Mackenzie says former President Trump could set back the country's green-energy transition by a whopping $1 trillion if he assumes office for a second term. A report published by the think tank projected that the former president could potentially impact hundreds of billions’ worth of investment in…

MondayMay 20, 2024 9:00 am

Environmental Groups Applaud EU Warning on Protecting Nature as Renewables are Deployed

Several environmental groups have praised the European Commission's recently released guidelines on how governments can use impact assessments to ensure that green-energy deployments do not harm the environment. The guidelines underscore the need for robust assessments of the potential environmental impact of green-energy infrastructure such as solar arrays and wind turbines as the regional bloc strives to rid itself of its dependence on Russian energy exports. Hastily written in response to the energy crisis that followed the Russia-Ukraine war in early 2022, the RePowerEU plan promised to address one of the most significant bottlenecks in the wind energy generation segment,…

MondayMay 20, 2024 9:00 am

Energy and Water Development Corp. (EAWD) Patent Filings, MOU Accelerate Its Green Tech Efforts to Make Fresh Water Accessible to World Populations

United Nations researchers report billions of people worldwide lack safe drinking water and safely managed sanitation, and that the conditions are worsening each year Innovative green tech engineering services company Energy and Water Development is building its technology portfolio to address the water concerns, as well as similarly situated global energy needs EAWD has filed patent applications for its green tech and derivative services in the United States and internationally The company also entered into a joint MOU with a 200,000 resident municipality of Mexico City, where drought is threatening the metropolis’ water supply, to use its Atmospheric Water Generating…

FridayMay 17, 2024 9:45 am

Distributed Energy Solutions Provider Correlate Energy Corp. (CIPI) Playing Important Role in Helping Companies Transition to Solar Power

International government and business leaders are working together to reduce climate-changing pollution, under United Nations-led efforts to quantify emissions targets that may be attainable by the end of the decade Large multinational companies such as automaker General Motors exemplify some of the prime economic movers attempting to redesign their corporate operations to better address green energy opportunities The solar energy market continues to grow each year and has reached a point where more than 5 percent of all energy generation in the United States now comes from solar power Idaho-based Correlate Energy Corp. is strategically positioning itself amid the growing…

FridayMay 17, 2024 9:00 am

How Interest Rate Comments from Powell Could Impact Clean-Energy Investment

Comments from U.S. Federal Reserve chair Jerome Powell during a recent news conference could have an impact on green-energy investment this year. Shortly after a Federal Open Market Committee meeting held in early May, 2024, Powell said that the Federal Reserve was unlikely to raise benchmark interest rates this year but noted that policymakers weren't in a rush to lower interest rates from 5.25%–5.5% either. When asked when the Fed might finally cut benchmark interest rates, Powell said he had no idea how long it would take. As it stands, the nascent renewables market's growth is significantly dependent on interest…

WednesdayMay 15, 2024 9:00 am

Report Says Renewables Now Supply Some 30% of Global Electricity Demand

A new report has revealed that more than 30% of the electricity generated globally is generated using renewables. Unsurprisingly, the report from energy think tank Ember noted that the European Union’s renewable energy use is well ahead of this 30% average, putting the regional bloc on track to achieving its green-energy goals. According to Ember's report, significant growth in the solar- and wind-energy generation segments have been instrumental in achieving this rate of clean-energy generation. It covered 82 countries, which are currently responsible for almost 90% of global energy demand, as well as historic data from 215 additional nations. Report…

TuesdayMay 14, 2024 10:30 am

Innovative Water-generation Contract Amid Significant Mexico Drought Demonstrates Significant Market Opportunity for Energy and Water Development Corp. (EAWD)

Significant drought conditions in Mexico with months to go before the fall rainy season have led to concerns one of the world’s most populous cities may soon run entirely out of water, with residents currently struggling to make the most of a limited supply Innovative green tech engineering services company Energy and Water Development Corp. has entered an MOU with some of the city’s residents to create first-of-its-kind Off-Grid Atmosphere Water Generation Plant that will extract moisture from the air to ease the crisis The facility is expected to generate about 3.2 million liters of water annually, with a later…

MondayMay 13, 2024 9:00 am

As EV Uptake in China and US Grows, Demand Growth for Gasoline Will Slow

Analysts say global demand growth for petrol could drop by 50% this year as the transition to battery electric vehicles (BEVs) speeds up in major markets such as the United States and China. Additionally, refiners will likely see a dip in their second-half earnings as petrol consumption returns to normal levels after experiencing an abnormal surge in demand in 2023. BEVs have been around for more than a decade as potential alternatives to fossil-fuel vehicles, but their high upfront costs put them out of reach for most of the consumer market. Although most automakers are now working to develop affordable…

FridayMay 10, 2024 9:00 am

Energy and Water Development Corp. (EAWD) Announces Filing U.S. National Stage Application Aligning with The Company’s International Applications

The U.S. National Stage patent application is part of the company’s strategic initiative to secure its intellectual property on a global scale EAWD is not just aiming to become integral to this expanding industry, but also to reassure stakeholders of its environmental responsibility and commitment to sustainability, tapping into the world’s emerging markets The patent revolutionizes water resource management by harnessing renewable energy to extract water directly from atmospheric humidity The company aims to provide sustainable value to each project while generating revenue by selling its systems and licensing its technologies, along with associated engineering and project management services Energy…

FridayMay 10, 2024 9:00 am

Microsoft to Deploy 10.5GW of Renewable Energy for Cloud, AI Services

Microsoft Corporation has signed a landmark deal with Brookfield Asset Management that will grant the software giant access to more than 10.5% of green energy to power its cloud and artificial intelligence (AI) services. The $10 billion, five-year framework is reportedly almost eight times bigger than the largest corporate power purchase agreement (PPA) ever signed. Brookfield Asset Management will develop the green-energy capacity through its subsidiary Brookfield Renewable Partners in the U.S. and Europe from 2026 to 2030 to help Microsoft support surging demand for cloud and AI services using renewable energy. The agreement will go a long way toward…

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Author: Lacey@GCS