Global Utilities & Independent Power Producers 2025 Outlook: Spending Greens to Get Greener
Our outlook for global utilities and independent power producers (IPPs) in 2025 is stable. We expect growth in the industry to be robust for the year, driven by the energy transition, especially with electrification and the demand for more renewable energy sources. Key Highlights: -- Continued high level of capital expenditures for the energy transition is likely to pressure credit metrics in 2025. -- We expect regulatory roadblocks for natural gas utilities to moderate, but new challenge...
Experts reveal how revolutionary technological advances could use the sun to source hydrogen fuel
Source: Shutterstock Splitting water into hydrogen and oxygen using solar energy holds the promise of truly renewable fuel – but until now, it hasn’t been feasible outside the laboratory. Writing for Frontiers in Science, renowned experts in the field outline crucial new advances that could make solar production of hydrogen fuel a reality, and call for more research and the development of standards and regulations to take green fuel from proof of concept to practical solution. Splitti...
Critical minerals shortages threaten international energy transition goals, reveals GlobalData
The global transition to clean energy is gaining momentum, heavily relying on renewable technologies such as solar PV cells and wind turbines, alongside energy transition solutions like hydrogen, energy storage, and carbon capture. This shift has triggered an unprecedented surge in demand for critical minerals, posing significant challenges in achieving international energy transition goals, says GlobalData, a leading data and analytics company. GlobalData’s latest Strategic Intelligence repo...
NYPA Announces Signed MOU with U.S. Army for Energy Efficiency and Decarbonization Initiatives
Memorandum of Understanding Paves Way for Energy Efficiency Improvements to Fort Drum, Fort Hamilton, West Point and other U.S. Army Facilities in New York State New Agreement Will Unlock Opportunity for Economic Growth in Communities from Watertown to Rome and Beyond WHITE PLAINS—The New York Power Authority (NYPA) today announced a first-of-its-kind agreement with the United States Army. The signed Memorandum of Understanding (MOU) allows NYPA and the U.S. Army to collaborate on ne...
Biden-Harris Administration Delivers Nearly $474 Million in New Grid Resilience Funding to States and Tribes as Part of Investing in America Agenda
Investing in America Agenda Continues Efforts to Modernize Electric Grid To Deliver Reliable, Clean, and Affordable Energy Across the Country, in 5 Territories and Among 254 Tribal Nations WASHINGTON, D.C.— In support of the Biden-Harris Administration’s Investing in America agenda, today the U.S. Department of Energy (DOE) announced that 49 states, 5 territories, 254 Tribal Nations, and the District of Columbia have received a combined total of $473.6 million in fiscal year (FY) 2024...
Baseload Power Taiwan Forms Strategic Alliances to Unlock Geothermal Energy in Tatun Mountain
The MOU signing ceremony on Oct. 1. Left to right: Glenn Golla, Regional Manager of GreenFire Energy, Ye Zhuang, Asia Pacific Vice President, Oilfield Services and Equipment, Baker Hughes, Magnus Brandberg, Chairman of Baseload Capital, Wen-Sheng Tseng, Chairman of Taiwan Power Company, Shun-I Huang, Chairman of Taiwan Cogeneration Corporation, Shu-Chi Shih, Chairman of Taiteck Company. Baseload Power Taiwan is excited to announce its partnership with Taiwan Power Company (Taipower), Tai...
Biden-Harris Administration Awards Nearly $17 Million to 23 State and Local Governments to Support Clean Energy Projects and Programs
Grants From the Bipartisan Infrastructure Law Will Fund Clean Energy Infrastructure Projects in Communities Ranging from Energy Audits and Studies to EV chargers and Solar-Plus-Storage WASHINGTON, D.C.—As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced its latest round of award recipients through the Energy Efficiency and Conservation Block Grant (EECBG) Program. The EECBG Program will distribute $16.9 million t...
Department of Energy Awards Saint Louis University Nearly $1 Million to Create a Climate Resilience Center
SLU's Climate Resilience Center is one of 10 projects in 10 states funded by the DoE ST. LOUIS - Saint Louis University has received a $964,848 grant from the U.S. Department of Energy (DOE) to create a Climate Resilience Center at SLU. The project is one of 10 centers funded by the DOE in states nationwide. Funding was announced Aug. 15. Orhun Aydin, Ph.D., assistant professor in earth and atmospheric science at SLU’s School for Science and Engineering, is the principal investigator on...
Thermal Energy: A Green Heat ‘Beneath Our Feet ‘Technology for a Sustainable Future, Says Sweden's Blue AB Ethical Fund
Geo thermal energy can provide a stable energy supply, for an always-on society (Credit: zhaojiankang Stock photo ID:802436842) Stockholm, Sweden – 19 September 2024 – As the world grapples with climate change and the need for sustainable energy solutions, thermal energy represents a beacon of hope. Demonstrating the viability and effectiveness of this green technology for impact-driven green investment firms like BluePurpose, a sustainable impact investment company owned by Sweden’s Blu...
Asia's First Offshore Wind Power Service Operation Vessels Delivered to Further Promoting Deep-Sea Energy Coupling Exploration
The active wave compensation trestle equipped on the two wind power operation and maintenance motherships, Asia’s first wind power SOVs delivered, jointly developed by Shanghai Electric and Shanghai Zhenhua Heavy Industries has broken through a technical bottleneck. SHANGHAI- Shanghai Electric (SEHK:2727, SSE:601727) subsidiary, Shanghai Electric Wind Power Group, took delivery of Asia's first offshore wind power service and operation vessels (SOVs), Zhizhen 100 and Zhicheng 60, recen...