NewsRoom Articles - Page 37 of 81

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…

TuesdayApr 30, 2024 9:00 am

Distributed Energy Solutions Provider Correlate Energy Corp. (CIPI) Uses Quality Toolkit and Financing Incentives to Help Clients Go Affordably Green

Industrial and commercial buildings are responsible for a significant amount of the carbon emissions affecting the planet’s climate, according to pollution experts Correlate Energy Corp. is a distributed energy solutions company, focusing on the North American market, that is dedicated to helping client companies improve their energy use profiles, reducing emissions while maintaining their budgets Correlate is strategically positioned to leverage government financial incentives on its clients’ behalf, as well as offering an array of modern, targeted tools to achieve data-driven solutions The company currently has about $150 million of in-progress projects in various stages of development The drive to…

MondayApr 29, 2024 9:00 am

China Extends Global Lead in Africa’s Renewable-Energy Transition

Analysts say that China’s manufacturing overcapacity has granted it an edge over the United States in the African transition to renewables. Speaking at the recent Semafor World Economy Summit (WES), Center for Global Development senior fellow W. Guide Moore said the east Asian nation's “reported overcapacity” allowed its companies to offer renewable-energy firms in low-income countries with relatively competitive prices. Manufacturing overcapacity means that China’s production capabilities have far surpassed domestic demand, allowing local companies to export renewables infrastructure to African companies at prices they can afford. Stimulated by massive government subsidies, this overcapacity has granted China a significant lead…

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