NewsRoom Articles - Page 19 of 73

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…

FridayNov 22, 2024 8:00 am

One Biden Admin Clean Energy Project in Nevada Could Win Trump’s Favor

With controversial billionaire and President-elect Donald Trump set to take over from President Joe Biden over the next couple of months, America's clean energy industry remains apprehensive about its future. Trump has publicly criticized the Biden administration's significant investments in renewables and vowed to defund most green energy programs once he assumes office. However, there is one renewable energy project in Nevada that could win Trump's favor. There are only two known lithium-boron deposits across the entire globe, and one of them is in Nevada. Located at Rhyolite Ridge, the lithium deposits are so immense that they can support the…

ThursdayNov 21, 2024 8:00 am

Biden Says US Green Energy Plans Won’t Be Reversed as Trump Takes Office

Outgoing U.S. President Joe Biden Says President-elect Donald Trump will not reverse the current administration's green energy plans once he assumes office. Biden’s statement comes as the burgeoning green energy industry grows increasingly apprehensive of how a second Trump administration will impact the sector. While Biden’s administration has championed green energy and invested billions of dollars into building the country's green energy infrastructure and upgrading the grid, Trump is an outspoken critic of the administration's investment in clean energy. The Republican noted before and during his campaign that he would rescind all unsent funds invested in green energy if elected.…

TuesdayNov 19, 2024 8:00 am

COP29 Green Energy Announcements Could Boost the Transition

With the 2030 deadline for doubling energy efficiency and tripling green energy capacity just a few years away, nations are deploying affordable wind and solar energy at record pace. The ongoing 2024 United Nations Climate Change Conference (COP29) in Baku, Azerbaijan has seen a series of announcements that could accelerate the global transition to renewables in time to meet green energy goals. For starters, the Utilities for Net Zero Alliance (UNEZA) announced that its membership has doubled since its launch at COP28. UNEZA was established under the guidance of the UN Climate Change High-Level Champions and the International Renewable Energy…

FridayNov 15, 2024 8:00 am

UN Urged to Discuss Bank Financing of Renewable Energy Projects

As the 2024 UN Climate Change Conference (COP29) takes place this week, the United Nations is being urged to make renewable energy project funding part of the discussion. There have been increased calls for the UN to prioritize discussing bank lending for the burgeoning green energy industry and some even insist that banks could help speed up the transition to renewables. COP29 will run from November 11th to 22nd, in Baku, Azerbaijan, and feature discussions related to the 17 Sustainable Development Goals. Clean and affordable energy is the 7th of these 17 critical goals, making it one of the ongoing…

ThursdayNov 14, 2024 8:00 am

Could Hydrogen Hubs Boost the Energy Transition

The United States Department of Energy has committed to constructing a network of hydrogen hubs comprising pipelines and hydrogen facilities in southeast Pennsylvania. The project is part of a massive $7 billion investment in hydrogen hubs that would see hydrogen become one of the country's main renewable alternatives to fossil fuels. However, critics of the $7 billion hydrogen hub project have questioned the high costs involved as well as its projected net carbon emission savings. Outgoing President Joe Biden announced the $7 billion investment in the fall of 2023, stating that it would fund the construction of 7 hydrogen hubs…

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