NewsRoom Articles - Page 23 of 70

MondayJul 01, 2024 9:00 am

New York Sets 2030 Target for 6GW of Additional Energy Storage

The state of New York is set to increase its energy-storage capacity by 6 gigawatts, roughly 20% of its peak electric power load, by the end of the decade. A recent statement from New York Governor Kathy Hochul revealed that the state’s Public Service Commission has approved a plan to add a whopping 6 gigawatts to New York’s energy capacity via a framework of comprehensive recommendations. According to the governor’s office, the framework will help the state expand its energy-storage plans, induce rapid renewable energy growth and increase grid reliability as well as customer resilience, all while maintaining cost effectiveness.…

FridayJun 28, 2024 9:00 am

Report Says Political, Economic Volatility Slowing Energy Transition Globally

A recent World Economic Forum (WEF) report has found that despite the progress numerous countries have made in the energy transition race over the last decade, several factors have slowed down the world's transition to renewables over the past 12 months. The report noted that geopolitical tensions, technological shifts and economic volatility have had a negative impact on the global-energy transition and hindered its progress in the past year. An estimated 83% of the 120 countries followed by the Energy Transition Index (ETI) lost ground in at least one dimension of energy-system performance (equity, security and sustainability) compared to 2023.…

WednesdayJun 26, 2024 9:00 am

Global Solar Energy Capacity Now Stands at 1.6TW

A new SolarPower Europe report has found that new solar installations in 2023 grew by 87% year-on-year to bring the world's total solar-energy capacity to a whopping 1.6 TW. Solar energy is still ahead of other green-energy sources, partly due to low prices, and accounted for 78% of global green-energy installations last year, making it one of the world's primary sources of renewable energy. According to the report, new global solar installations in 2023 reached 447 GW compared to 239 GW the previous year. SolarPower Europe’s annual Global Market Outlook for Solar Power 2024–2028 estimates that the world's total solar…

TuesdayJun 25, 2024 10:30 am

Energy and Water Development Corp. (EAWD) is Committed to Providing Wider Access to Much Needed Clean Water Through its Innovative Technology

Energy and Water Development, a green-tech engineering solutions company focused on delivering water and energy to extreme environments, is looking to make clean water accessible with its patent-pending, innovative solution The company’s Atmosphere Water Generation (“AWD”) uses ultra-efficient refrigeration technology for condensation of air, providing an unlimited water resource directly from the atmosphere With multiple coordinated units, the technology can produce up to 2.6 million gallons of water a day for industrial, residential, and commercial use EAWD’s management is confident that, through this innovative solution, it could provide millions of liters of fresh, clean water every day while preventing the…

MondayJun 24, 2024 9:00 am

Spain’s Renewable Energy Often Exceeds Demand, Raising Concerns

Spain finds itself in an exceedingly unique position: after making significant investments into renewable energy over the last decade, clean-energy production in the country now sometimes exceeds energy demand. The European nation has invested billions of dollars into clean energy and developed an impressive network of wind farms, allowing it to generate more clean energy than its citizens can use. In central Spain, the Castilla-LA Mancha plains that were once infamous for the windmills dotting their skyline are now overlooked by the Sierra del Romeral windfarm, a wind-energy project that features 28 vast wind turbines. Ran by Spanish company Iberdrola,…

FridayJun 21, 2024 9:00 am

Huawei Introduces Revolutionary Green-Energy Solutions

Chinese technology company Huawei has debuted revolutionary renewable-energy solutions with the potential to redefine the global photovoltaic (PV) solar as well as energy-storage sectors. Steven Zheng, president of Huawei’s Utility Smart ESS Business, recently unveiled the renewable energy sector's first ever Cell-to-Grid Smart String & Grid-Forming ESS Platform. Set on accelerating the world's journey to carbon neutrality and providing value to industries and customers, Huawei created the Smart Renewable Energy Generator by integrating energy-storage management technologies, thermal management, digital and power electronics. The company harnessed all the technological advancements it has made in grid forming technologies, energy-storage systems (ESSs) and…

TuesdayJun 18, 2024 10:30 am

Jump in Solar Energy Adoption Facilitated by Distributed Energy Solutions of Correlate Energy Corp. (CIPI)

The United States is on track this year to match 2023’s record-level installation of nearly 40 gigawatts of solar capacity Idaho-based Correlate Energy Corp. is dedicated to the furtherance of renewable energy adoption by the industrial, commercial, and residential market sectors through Correlate’s financial and analytical services Electrical utilities make up the primary sector moving the needle on solar adoption, with Florida and Texas the largest state adopters during the past year The U.S. two-year moratorium on some manufactured solar panel imports has freed up supply chain bottlenecks and eased costs to continue advancing the trend Electric utilities have become…

MondayJun 17, 2024 9:00 am

IEA Says Countries Behind in Meeting Renewable-Energy Goals

A recent International Energy Agency (IEA) analysis has revealed that most nations are lagging in the implementation of their green-energy goals. The analysis warned that despite promising to reduce their reliance on fossil fuels such as coal and natural gas, the majority of countries aren't on track to tripling their clean energy capacity by the end of the decade. With the effects of more than a century of greenhouse-gas emissions becoming clearer by the day, countries must eliminate fossil fuels from their energy mixes and replace them with renewables such as solar and wind. Combining this with green technology such…

FridayJun 14, 2024 9:00 am

California’s Permitting Issues Need Fixes to Progress in Clean-Energy Transition

California will have to fix the issues plaguing its permitting processes before the state's green-energy transition can make major progress. With 28% of California's electricity coming from wind and solar, an increase from 14% in 2015, the Golden State has made major strides in clean-energy generation over the past decade. However, California still isn't getting this renewable energy onto the grid fast enough. The state has a power-generation capacity of 88 gigawatts (GW) and needs to add 7–8 GW of capacity every year over the next two decades to meet its energy transition goals. Unfortunately, the state has averaged a…

ThursdayJun 13, 2024 9:00 am

Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Announces First Dealership Deal in Market Projected to See Record Sales

Bloomberg analyst projects 2024 EV sales in the U.S. at nearly 2 million units, making up 13% of new-car purchases Mullen subsidiary inks first commercial dealership agreement with LaFontaine Automotive Group Bollinger Motors expects to start delivering the Bollinger B4 later this year While some headlines in the past few months make it seem like the electric vehicle market is in trouble, a recent “Car and Driver” article forecasts that EV sales are just getting started. Mullen Automotive (NASDAQ: MULN), an emerging EV manufacturer, appears to support that projection, with the recent announcement that its subsidiary, Bollinger Motors, has entered a distribution…

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