NewsRoom Articles - Page 12 of 66

TuesdayDec 17, 2024 8:00 am

Wind Energy is Facing Significant Headwinds in the Energy Transition

Wind energy has recently faced a series of setbacks that have left many experts wondering whether the renewables industry could ramp up wind energy production fast enough to help the world meet its green energy goals. One of the main renewable alternatives to fossil fuels, wind energy has drawn significant investment in recent years and is a key component of national and global plans to ditch fossil fuels and lower greenhouse gas emissions. However, wind has run into several hurdles that have raised important questions about the future of wind energy. Despite the environmental benefits onshore and offshore wind energy…

FridayDec 13, 2024 7:00 am

Continuum Green Energy is Set for its $430m IPO in India

Independent Indian power producer Continuum Green Energy has filed for a $430.26 million (36.5 billion rupees) initial public offering (IPO) with the Securities and Exchange Board of India (SEBI) as it seeks to take advantage of India's surging hunger for energy. Continuum Green Energy identifies, develops, builds, and operates green energy projects in India with a focus on providing renewable energy to industrial and commercial consumers as well as power exchanges and central and state distribution utilities. Currently one of the largest greenhouse gas emitters in Asia after China, India is working hard to limit its reliance on fossil fuels…

ThursdayDec 12, 2024 8:45 am

The Coretec Group Inc. (CRTG) Is ‘One to Watch’

The Coretec Group is positioned at the forefront of the rapidly growing EV and energy storage markets with innovative silicon-based solutions. The Endurion program delivers advanced battery technology, addressing critical industry needs for energy density and cycle life. CHS technology provides industry-leading efficiency, scalability and versatility for clean technology applications. The company continues to demonstrate progress in intellectual property and partnerships to ensure sustained competitive advantages. Its experienced leadership team is driving strategic growth and market penetration. The Coretec Group (OTCQB: CRTG) is a technology leader specializing in silicon-based solutions that advance energy storage, materials science and visualization technologies. Through…

ThursdayDec 12, 2024 7:00 am

Trump’s Administration is Likely to Welcome All Energy Options

Despite President-elect Donald Trump's outspoken criticism of renewable energy, a growing number of experts believe that the second Trump administration is likely to pursue an "all-of-the-above” energy strategy that encompasses both fossil fuels and clean energy. Several key figures in the incoming president's inner circle have discussed using such an approach to advance America's energy plans, a major indication that Trump's impact on the country's burgeoning green energy sector may not be as bad as previously feared. The Biden administration championed the use of renewables instead of fossil fuels and spent billions of dollars trying to build the country's green…

TuesdayDec 10, 2024 8:00 am

Rosneft Boss Says High Costs, Elusive Targets are Compromising Investment in Clean Energy

Rosneft Chief Executive Officer Igor Sechin says high costs coupled with elusive targets are driving investors away from the burgeoning green energy industry. During a recent United Arab Emirates conference, the head of the largest oil producer in Russia noted that the green transition is losing investors due to a critical lack of financing coupled with astronomical costs and elusive green energy targets. Igor Sechin’s opinion on climate change is controversial; he says scientists have overestimated humanity's role in climate change and has expressed skepticism of the global green agenda. But despite the West's determination to ditch fossil fuels for…

FridayDec 06, 2024 8:00 am

EC Boosts Clean Energy by Launching Second Hydrogen Auction

The European Commission (EC) has launched a second hydrogen auction to boost clean energy projects and help build the world's renewable energy capacity. The $1.26 billion hydrogen auction had a notably expanded budget compared to the first hydrogen auction and was launched under the European Hydrogen Bank. This second auction is meant to boost the production of Renewable Fuel of Non-Biological Origin (RFNBO) in the European Economic Area (EEA). Renewable hydrogen is expected to play a major role in the European Union’s transition to clean energy alongside solar, wind, hydropower, and geothermal energy. The second hydrogen auction began on December…

ThursdayDec 05, 2024 8:00 am

The Role of BESS in the Clean Energy Transition

The global transition to renewables will be heavily reliant on battery energy storage systems (BESS) to overcome green energy's intermittent nature. While renewables like wind and solar have the potential to generate enough capacity to cover most of the world's energy needs, they can only be generated at 100% efficiency during certain times of the day and under optimal weather conditions. BESS refers to energy storage facilities or massive batteries that can charge up when clean energy is abundant and cheap, storing the energy for later use when demand spikes. Combining renewable sources of energy with battery storage is one…

TuesdayDec 03, 2024 8:00 am

What the Allegations Against Adani Group Suggest About India’s Renewable Energy Push

The U.S. recently charged Adani Group founder Gautam Adani with bribery and fraud allegations in one of the most significant challenges Adani Group has faced since its founding. As Adani is a key player in India's energy sector and was one of the companies expected to aid the Asian country's transition to clean energy, the charges paint a poor picture of India's renewable energy drive. American authorities claim that after one of Gautam Adani's firms spent several years trying to sell a $6 billion project with no success, Adani’s billionaire CEO devised a scheme to provide Indian state officials with…

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…

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