Green Car Stock Archives - Page 10 of 67

ThursdayFeb 20, 2025 10:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Begins Construction on First Battery Storage Project in Ontario

$25.8 million financing from the Royal Bank of Canada will be used for a 4.99 MW Ontario-based battery energy storage system consisting of two projects, SFF-06 and 903. The projects mark SolarBank’s first foray into energy storage, a market expected to reach $31.2 billion USD by 2029. The project benefits from a 22-year contract with Ontario’s electricity operator, ensuring stable revenue. SolarBank is leveraging government incentives, including a 30% Clean Technology Investment Tax Credit. Anvil Crawler Development Corp. was awarded a $1.85 million contract for civil and electrical work on the project. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ:…

ThursdayFeb 20, 2025 10:00 am

IEA Says Renewables are Positioned to Cover Electricity Demand Growth Until 2027

The International Energy Agency (IEA) has revealed that renewables are poised to cover the impending rise in worldwide electricity demand for the next three years. According to a recent IEA forecast, renewables like solar and wind will cover a whopping 95% of the globe’s increased energy demand until 2028. Electrification across several industries coupled with the increased demand for cloud and artificial intelligence services will be largely responsible for the surge in global demand for electricity. The agency’s annual report, titled Electricity 2025, noted that the growth of energy-intensive sectors will accelerate the world’s increasing energy demands. Electrification coupled with…

WednesdayFeb 19, 2025 10:00 am

How Wind Turbines Can Provide Clean Energy for Data Centers

With energy demand within the data center segment surging to historic highs thanks to the proliferation of cloud and artificial intelligence services, the increasingly power-hungry industry could tap into wind energy to fulfill its power demands. Large players in the cloud services and AI sectors typically consume enough energy to rival entire nations, resulting in significant data-center-related emissions. Green energy from wind turbines could help players in the data center segment reduce their carbon footprints substantially and even lower their energy costs. Data centers have been around for quite a long time, but their energy consumption has seen a notable…

FridayFeb 14, 2025 10:00 am

China Dials Back its Support to Clean Energy Projects as Targets Are Attained Sooner

Beijing will begin rolling back renewable energy project subsidies shortly after it achieved its 2030 renewables targets sooner than expected. The East Asian nation’s total installed capacity for solar has reached 887GW, a whopping 6 times larger than North America’s installed solar capacity, the International Renewable Energy Agency says. A recent Reuters report said the National Development and Reform Commission (NDRC) is partnering with China’s energy administration to begin rolling back subsidies meant to support the installation of domestic solar energy projects. The move comes a few months after China recorded a historic surge in solar energy installations that helped…

ThursdayFeb 13, 2025 10:00 am

Plummeting Costs are Fueling the Green Energy Transition in the US

Falling energy costs are accelerating America’s transition from fossil fuels to renewables. The green transition in the U.S. is gaining increasing momentum amidst plummeting prices, particularly in the solar energy segment, and bringing the country closer to eliminating coal, oil, and other polluting fossil fuels from its energy mix. Solar energy costs have plummeted by more than 99% over the past two decades, making it the most dominant renewable form of energy in the U.S. and other major markets. Although natural gas and renewables have trended upwards at the expense of coal for years now, the 2022 Inflation Reduction Act…

TuesdayFeb 11, 2025 10:00 am

Could China’s Renewable Energy Surge Wean it Off Coal Dependence?

China has made remarkable advancements in green energy over the past couple of decades that have made it a world leader in green energy. With the country already reaching its 2030 energy targets half a decade ahead of schedule, China's green energy surge may help the country taper its massive appetite for coal. The East Asian nation manufactures a significant portion of all the world's solar panels and wind turbines, making it an integral player in the global green energy infrastructure supply chain. China has also monopolized the global supply chain for electric vehicles, EV batteries, and the critical minerals…

FridayFeb 07, 2025 10:00 am

The World Could Learn Vital Lessons from India’s Green Energy Push

India’s efforts to incorporate green energy into its energy mix hold several vital lessons for the rest of the world. Despite its reliance on fossil fuels, the Asian nation has taken several notable steps to increase its capacity for green energy, provide affordable green energy, and ensure energy equity. The Global South particularly stands to benefit the most from copying key aspects of India’s green energy strategy as most of the 675 million people who don’t have access to basic electricity live in these nations. Emerging economies typically have the least access to green energy financing, preventing them from developing…

FridayFeb 07, 2025 10:00 am

How SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Advanced Clean Energy Transition with Community Solar Sites for Honeywell

The transaction value for the unique project, completed last year, included the sale and contracting agreement between Honeywell International and SolarBank, amounting to approximately $41 million. The 21MW DC ground-mount solar power projects, known as SB 13-1, SB 13-2 and SB-14, are located in upstate New York. The projects are expected to operate as community solar sites and be eligible to participate in the NYSUN program to receive NYSERDA incentives. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and…

ThursdayFeb 06, 2025 10:00 am

UK Communities Up in Arms Against “Monstrous” Pylons, Solar Energy “Wastelands”

A growing number of UK residents are protesting against the installations of ‘monstrous’ pylons in their communities. The country’s ongoing transition from fossil fuels to renewables has left a growing number of massive metal structures in its wake and drawn the ire of the communities forced to live with these structures. Eileen West from Aberdeenshire is part of “Deeside against Pylons,” a local campaign against the invasive structures meant to support the transition to solar energy. A recent proposal seeks to place a massive new pylon line 187 feet (57m) a couple hundred meters from her house. Even though this…

WednesdayFeb 05, 2025 10:00 am

SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Intends to Enter Expanding Data Center Market Amid U.S. $500bn USD AI Infrastructure Pledge

SolarBank is pursuing opportunities as a developer, owner and strategic partner in data center infrastructure, a major energy-hungry expansion market fed by the growing AI and general technology drive. The company aims to deliver energy-efficient, carbon-reducing data center solutions that support both immediate needs and long-term growth. The global data center market is seeing exponential growth, expected to reach $395 billion USD by 2030, propelled by surging demand for artificial intelligence, cloud computing, big data analytics, and IoT. SolarBank is joining global tech giants invested in expanding data center capacity, including Amazon, Microsoft, Google, Meta Platforms, and Apple, and building…

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