NewsRoom Articles - Page 37 of 80

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…

FridayApr 26, 2024 9:00 am

Clean-Energy Jobs to Abound for Gen Z

While some have claimed that the green-energy transition could have a negative impact on American employment, the nascent renewable energy sector actually has the potential to provide plenty of employment opportunities for Gen Z. A recently launched initiative called the American Climate Corps is already providing young Americans with hundreds of employment opportunities in the emerging green sector. Inaugurated by the Biden administration in September 2023, the program will pay hundreds of Gen Z’ers in the country to help develop climate solutions across the country. The program will eventually facilitate the installation of more than 20,000 people in internships, fellowships…

FridayApr 26, 2024 9:00 am

Turbo Energy S.A. (NASDAQ: TURB) Signs Distribution Agreement with El Corte Ingles

The European Union recently signed its inaugural ‘European Solar Charter’, aimed at driving the growth of the continent’s solar industry Turbo Energy has emerged as one of the leading companies within the European solar supply chain, with its array of residential and industrial energy storage solutions The company recently revealed that its range of ‘GoSolar’ residential solar energy solutions would be distributed by El Corte Ingles, Europe’s largest department store chain Turbo Energy also announced its FY2023 financial results, revealing FY23 revenues of USD 14.54 million The European Commission and representatives of the continent’s solar energy parts manufacturers came together…

WednesdayApr 24, 2024 9:00 am

Europe Now Has Two Countries Fully Dependent on Green Energy

Europe recently hit a major green-energy milestone after two nations in the region became fully dependent on renewables to power their energy grids. Figures from the International Renewable Energy Agency (IRENA) and the International Energy Agency (IEA) show that Albania and Iceland now source 99.7% of their electricity from either wind, geothermal, hydro or solar, making them almost completely reliant on green energy. Data compiled by Professor Mark Jacobson from Stanford University shows that Norway came close with 98.38% of its energy coming from either wind, solar or hydro. In all, 11 European nations generated at least one-half of their…

TuesdayApr 23, 2024 10:30 am

Distributed Energy Solutions Provider Correlate Energy Corp. (CIPI) Making Significant Alternative Power Transition an Affordable Reality

Transitioning from fossil fuel dependence to alternative, renewable energy sources has taken on increasing importance amid concerns about the growing consequences of climate change Federal government incentives and experimental projects are helping to drive efforts to transition the United States to greater renewable energy use from carbon-based energy sources Idaho-based Correlate Energy Corp. is a distributed energy solutions company making the transition to renewable energy more accessible to mid-tier companies, particularly those with nationwide portfolios that may create multiple revenue opportunities With proven user-friendly finance models, the company works to strategically develop, and profitably sell microgrids and localized green energy…

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