Global Utilities & Independent Power Producers 2024 Outlook: A Steady Track to Electrification
We view the 2024 outlook for utilities and independent power producers to be neutral. While we believe the sector continues to face challenges driven by climate change and general affordability concerns, these have been tempered somewhat by interest rates that appear to be stabilizing and lower inflationary pressures. Key Highlights: -- Our outlook for the industry is neutral despite the significant capital expenditures (capex) needed for the electrification of the economy – which could pres...
CIP and Avangrid Announce First Power from Vineyard Wind 1
Developers complete early-stage commissioning work to deliver first-ever power from offshore wind to Massachusetts BOSTON - Copenhagen Infrastructure Partners (CIP), a global leader in greenfield renewable energy investments, and Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that power from the Vineyard Wind project was delivered to the New England grid for the first time. As part of the initial commissioning process, a...
New York Power Authority Issues RFI on Renewable Energy Development Opportunities in New York State
WHITE PLAINS—The New York Power Authority (NYPA) today issued a Request for Information (RFI) to understand potential interest and opportunities for NYPA to collaborate with renewable developers, contractors, and companies to develop, own, and operate renewable energy generating projects and storage systems, including solar photovoltaic energy, wind energy, and battery energy storage. The RFI seeks to advance takeaways identified in the Power Authority’s recently published Conferral Report, whic...
Coastal Virginia's new offshore wind farm will supply more than 660,000 US homes with renewable energy
Located about 27 miles off the coast of Virginia Beach, this wind farm, the largest one in the US, will have 176 turbines and will prevent the emission of greenhouse gasses equivalent to those produced by one million vehicles per year. Sarens will be in charge of receiving and loading out the monopiles and transition pieces for the 176 turbines, as well as the jackets and topsides for the three offshore substations that will make up the facility, in a job that will last until 2025. The Coa...
Resource-efficient and climate-friendly with sodium-ion batteries
Sodium-ion batteries contain sodium – a very common substance found in table salt – instead of lithium. Credit: Chalmers The transition to a society without fossil fuels means that the need for batteries is increasing at a rapid pace. At the same time, the increase will mean a shortage of the metals lithium and cobalt, which are key components in the most common battery types. One option is a sodium-ion battery, where table salt and biomass from the forest industry make up the main raw materi...
Governor Hochul Announces Completion of Central East Energy Connect Transmission Line
93-Mile Transmission Rebuild by LS Power and the New York Power Authority Runs from Marcy to New Scotland, Enhances Reliability CEEC Upgraded Lines Carry Five Times as Much Clean Energy, Support New York’s Climate Action Goals View a CEEC Line Map and a Statewide Map of New Transmission Lines Governor Kathy Hochul today announced the completion of the Central East Energy Connect transmission project, which is an upgrade of transmission lines between Marcy in Oneida Coun...
Lhyfe & AREC Occitanie inaugurate France's largest green and renewable hydrogen production site
Occitanie H2 Corridor project and hydrogen mobility launched in the region From the first half of 2024, it will be possible in Occitanie to drive and power industrial processes cleanly, thanks to hydrogen produced locally from water and renewable energies AREC (the regional energy and climate agency) is supporting the construction of its second large-scale green hydrogen production site in Occitanie This site will already be the third production site Lhyfe has put in service – Lhy...
US Clean Energy Policy Remains Work in Progress Amid Lingering Attachments to Oil: EIC
Energy Industries Council Releases USA Country Report: A Comprehensive Overview of the Energy Landscape London, 7 Dec 2023 —The Energy Industries Council (EIC), the world leading energy trade association, has released its latest country report focusing on the United States. The 55-page report provides a deep exploration of the United States' dynamic energy sector and explores the impact of the Inflation Reduction Act. Firdaus Azman, the author of the report, said, “While the IRA champions...
ACWA Power signs deal to develop the largest green hydrogen project in Indonesia
Project marks ACWA Power’s global green hydrogen expansion Facility to be powered by 600MW renewable energy plant and will produce 150,000 tonnes of green ammonia annually Deal was signed on the sidelines of COP28 climate conference Dubai, United Arab Emirates; 06 December 2023: Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, is set to develop in the largest green hydrogen faci...
EIB Group and Mission Innovation team up to accelerate clean energy innovation
The European Investment Bank (EIB) Group, which consists of the European Investment Bank and the European Investment Fund, and Mission Innovation are joining forces to support clean energy innovation worldwide. The announcement of the new partnership was made at a joint event at the United Nations Climate Change Conference COP28 in Dubai. Building new public-private partnerships to accelerate the development of innovative clean energy technologies is one of the priorities at COP28 to meet the Pa...
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June Issue 2026
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