NewsRoom Articles - Page 35 of 79

WednesdayMay 15, 2024 9:00 am

Report Says Renewables Now Supply Some 30% of Global Electricity Demand

A new report has revealed that more than 30% of the electricity generated globally is generated using renewables. Unsurprisingly, the report from energy think tank Ember noted that the European Union’s renewable energy use is well ahead of this 30% average, putting the regional bloc on track to achieving its green-energy goals. According to Ember's report, significant growth in the solar- and wind-energy generation segments have been instrumental in achieving this rate of clean-energy generation. It covered 82 countries, which are currently responsible for almost 90% of global energy demand, as well as historic data from 215 additional nations. Report…

TuesdayMay 14, 2024 10:30 am

Innovative Water-generation Contract Amid Significant Mexico Drought Demonstrates Significant Market Opportunity for Energy and Water Development Corp. (EAWD)

Significant drought conditions in Mexico with months to go before the fall rainy season have led to concerns one of the world’s most populous cities may soon run entirely out of water, with residents currently struggling to make the most of a limited supply Innovative green tech engineering services company Energy and Water Development Corp. has entered an MOU with some of the city’s residents to create first-of-its-kind Off-Grid Atmosphere Water Generation Plant that will extract moisture from the air to ease the crisis The facility is expected to generate about 3.2 million liters of water annually, with a later…

MondayMay 13, 2024 9:00 am

As EV Uptake in China and US Grows, Demand Growth for Gasoline Will Slow

Analysts say global demand growth for petrol could drop by 50% this year as the transition to battery electric vehicles (BEVs) speeds up in major markets such as the United States and China. Additionally, refiners will likely see a dip in their second-half earnings as petrol consumption returns to normal levels after experiencing an abnormal surge in demand in 2023. BEVs have been around for more than a decade as potential alternatives to fossil-fuel vehicles, but their high upfront costs put them out of reach for most of the consumer market. Although most automakers are now working to develop affordable…

FridayMay 10, 2024 9:00 am

Energy and Water Development Corp. (EAWD) Announces Filing U.S. National Stage Application Aligning with The Company’s International Applications

The U.S. National Stage patent application is part of the company’s strategic initiative to secure its intellectual property on a global scale EAWD is not just aiming to become integral to this expanding industry, but also to reassure stakeholders of its environmental responsibility and commitment to sustainability, tapping into the world’s emerging markets The patent revolutionizes water resource management by harnessing renewable energy to extract water directly from atmospheric humidity The company aims to provide sustainable value to each project while generating revenue by selling its systems and licensing its technologies, along with associated engineering and project management services Energy…

FridayMay 10, 2024 9:00 am

Microsoft to Deploy 10.5GW of Renewable Energy for Cloud, AI Services

Microsoft Corporation has signed a landmark deal with Brookfield Asset Management that will grant the software giant access to more than 10.5% of green energy to power its cloud and artificial intelligence (AI) services. The $10 billion, five-year framework is reportedly almost eight times bigger than the largest corporate power purchase agreement (PPA) ever signed. Brookfield Asset Management will develop the green-energy capacity through its subsidiary Brookfield Renewable Partners in the U.S. and Europe from 2026 to 2030 to help Microsoft support surging demand for cloud and AI services using renewable energy. The agreement will go a long way toward…

ThursdayMay 09, 2024 11:15 am

Road to COP29: Distributed Energy Solutions Provider Correlate Energy Corp. (CIPI) Providing Critical Assistance to Companies in Meeting Renewable Energy Goals

The United Nations continues to institute multi-national government policies for transitioning from carbon-based fuels to renewable energy systems in an attempt to address harmful changes to the planet’s climate The president of last year’s U.N.-sponsored climate change conference is calling on the most economically powerful nations to help triple the global renewable energy capacity by 2030 as leaders prepare for this year’s COP29 conference Distributed energy solutions company Correlate Energy Corp. is focused on helping companies more fully transition to renewable energy through localized clean energy solutions and microgrids, primarily through superior green technologies and the structuring of uniquely affordable…

WednesdayMay 08, 2024 9:00 am

EU to Support Seven Hydrogen Projects with 720M Euros in Funding

The European Commission is set to provide up to $775.6 million in subsidy funding for green-hydrogen projects chosen under the European Hydrogen Bank initiative. As the European Union continues work to hasten its transition from polluting fossil fuels to renewable alternatives, the initiative will help to build up domestic renewable hydrogen production within the EU. Selected under the initiative's first auction, the seven green-hydrogen projects will aid in efforts to decarbonize European industry by producing renewable hydrogen to be used in energy-intensive industries such as chemicals, steel, fertilizers and maritime transport, the European Commission says. The winning bidders were chosen…

MondayMay 06, 2024 9:00 am

Lightsource to Set Up Europe’s Second-Largest Solar Facility

World-leading solar energy company Lightsource BP is poised to begin working on a solar park in central Greece with the financial backing of Eurobank and the National Recovery and Resilience Plan Greece 2.0. Construction on the 560 MW photovoltaic park, Enipeas Solar Park, will end sometime in 2026, and the completed park will be the second largest in all of Europe, after Germany's 605 MW Witznitz solar farm. United Kingdom-based solar-energy developer Lightsource BP has finished more than 8.4 GW of solar energy projects across 19 markets globally, but Enipeas will be its largest-ever photovoltaic investment. Solar energy will be…

FridayMay 03, 2024 9:00 am

York Trial Program Graduates Second Cohort of Green-Job Students

A pilot program in York that's preparing students for the impending deluge of jobs in the renewables space has graduated its second cohort of green-job students. Held in CASA’s Roosevelt Welcome Center in York, the program graduated three students in its first run and graduated another six students in its second run. The global transition to green energy is speeding up amid significant drops in green-energy infrastructure costs and rising investment in renewables across the United States, the European Union and China. Although some green-energy opponents feared that transitioning to renewables would have a negative economic impact, especially in communities…

WednesdayMay 01, 2024 9:00 am

UN Secretary-General Says Climate Action Shouldn’t Adversely Affect Poor

United Nations Secretary-General António Guterres says global climate action shouldn't come at the expense of developing nations. During the launch of the newly formed Panel on Critical Energy Transition Minerals, Guterres said the race to achieving net-zero carbon emissions shouldn't “trample over the poor.” The global transition to renewables will be dependent on critical minerals, the UN official said, and a significant portion of these minerals are located in emerging nations. While the demand for critical minerals is sure to create new employment opportunities, boost revenues and diversify national economies in these nations, Guterres noted that this is contingent on…

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