NewsRoom Articles - Page 16 of 76

FridayApr 11, 2025 9:00 am

Report Says Renewables Surged Globally, Though Fossil Fuels Still Rule

A recently published report on the global energy industry has revealed that fossil fuels remain the dominant sources of energy worldwide despite a significant surge in renewable energy production. Thanks to major technological advancements coupled with targeted investments, countries are producing more renewable energy than ever. Green energy sources now account for slightly over 40% of electricity worldwide, and their capacity will continue to grow as countries add more renewable energy infrastructure. However, these gains still haven't been substantial enough to dethrone fossil fuels like coal as the largest sources of electricity, the report by global energy think tank Ember…

ThursdayApr 10, 2025 10:30 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Developing New 7.2 MW Solar Power Project in Upstate New York

The Hoadley Hill Rd project will operate as a community solar installation, feeding clean energy into the local grid, and is expected to power approximately 850 homes. Solar Simplified will manage customer acquisition and billing for the community solar effort, and the project may qualify for incentives under New York’s NYSERDA NY-Sun Program. To support continued growth, SolarBank has announced up to $19 million USD in equity financing from a single institutional investor. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in…

ThursdayApr 10, 2025 9:00 am

Chemical-Assisted Water Hydrolysis Could Supercharge Energy Transition

With dozens of countries across the globe working to transition from fossil fuels to cleaner alternatives, chemical-assisted water hydrolysis may allow them to tap into a vastly underrated source of green energy: hydrogen. Green hydrogen has emerged as a promising alternative to oil, coal, and other fossil fuels due to its high energy density and ability to be stored and transported easily. Unlike fossil fuels, which emit harmful greenhouse gases when combusted, burning hydrogen produces only water vapor. This means technologies that rely on hydrogen as an energy source generate zero emissions, making it an attractive option for reducing carbon…

TuesdayApr 08, 2025 9:00 am

Trump Tariffs Could Hamstring the Transition to Clean Energy

The Trump administration has launched a series of controversial trade tariffs that have shaken global markets to the core and sparked concerns about a possible recession. Among all the industries that stand to be affected by the recent tariffs, clean energy may suffer the most significant and longest-lasting effects. President Donald Trump, known for his opposition to renewable energy, has repeatedly criticized the Biden administration’s investments in electric vehicles, clean power, and green infrastructure. He has referred to renewable energy as a “scam” and pledged to rescind any unspent funds designated for clean energy projects under the previous administration. Several…

FridayApr 04, 2025 9:00 am

Researchers Show Why Daytime EV Charging is the Best Option

Researchers from the University of California, Merced have published a paper outlining the benefits of charging battery electric vehicles (BEVs) during the day. Although this contradicts the current trend of overnight charging, the UC Merced research team argues that daytime EV charging is easier and cheaper compared to charging at night. Past studies have shown that most EV drivers charge their vehicles at home. Due to the high cost of switching to an EV, the average electric vehicle owner is a higher-income individual with a garage, driveway, or regular access to a parking space. With this dedicated space, EV owners…

ThursdayApr 03, 2025 9:00 am

Trump Government Cancels Renewable Energy Grants as Emphasis Shifts to Fossil Fuels

The Trump administration is continuing its trend of rescinding funds dedicated to green energy and climate change by the Biden administration. A document from the U.S. Department of Energy (DOE) has revealed that the current administration is canceling grants for renewable energy projects, putting more than 300 initiatives at risk of closure. During his campaign, President Donald Trump made it clear that he would undo many of the climate-related policies enacted by the Biden administration. In addition to his outspoken disdain for electric vehicles, Trump described the green transition as a ‘scam’ and vowed to rescind all unspent funds allocated…

TuesdayApr 01, 2025 10:30 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Secures $7.3M Deal for Camillus Solar Project

SolarBank announced the sale of a 3.26 MW Camillus Solar Project to Solar Advocate Development LLC. The project will be built on a closed landfill and provide renewable energy to local subscribers. The project was awarded $1.06M in state incentives awarded under the NY-Sun Program. This marks the eighth project SolarBank has developed for Solar Advocate since 2018, and is the latest in a series of recent solar projects and battery storage systems the company has been developing. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and…

TuesdayApr 01, 2025 9:00 am

Could Climate Science Provide New Inspiration for the Clean Energy Transition?

Taking advantage of climate science may be the key to addressing climate change’s impact on green energy production and ensuring the world has a reliable supply of clean energy. Climate science refers to the study of climatic conditions, how they change over time, and how they are influenced by human and natural factors. With climate change increasingly affecting green energy output, climate science could play a critical role in strengthening the world's renewable energy supply chain. In Europe, energy planners are growing concerned about prolonged windless and cloudy weather, which could disrupt clean energy generation. Dubbed "Dunkelflaute," this phenomenon typically…

FridayMar 28, 2025 9:00 am

IEA Review: 2024 Electricity Demand Surge Boosted Both Fossil Fuels and Renewables

The International Energy Agency (IEA) has reported that soaring electricity demand in 2024 led to increased power generation from both renewable energy sources and fossil fuels. The agency attributes this surge to record-breaking temperatures, which spiked air conditioning use and significantly raised global energy consumption. Heating and cooling accounts for some of the largest energy expenses in homes and offices. In regions that regularly experience extreme temperatures, air conditioning is critical for maintaining safe indoor conditions. However, climate change has intensified extreme weather events worldwide, forcing many countries to ramp up electricity production to meet demand and prevent power shortages.…

ThursdayMar 27, 2025 9:00 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Expands Solar Portfolio with Two New Projects in Upstate New York

The Jordan Rd, Gainesville project will have a capacity of 7.2 MW DC, while the Glen Rd project will have a capacity of 4.3 MW DC. The projects are expected to provide electricity to approximately 1,350 homes. Both projects will operate under New York’s community solar model, allowing residents to benefit from solar energy without installing panels. Solar Simplified will manage customer-facing operations, ensuring smooth implementation and subscription management. These projects further enhance the company’s development pipeline that exceeds one gigawatt. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner…

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