Global bank financing for low-carbon energy rose 15 percent to $550 billion in 2022 Energize Weekly, March 8, 2023 Investments in low-carbon energy supply rose by 15 percent in 2022 – the fastest growth rate in seven years – to $550 billion, according to BloombergNEF’s (BNEF) annual report on energy transition investment trends. Investments in…
EPA undoes Trump-era power plant rollback 02/17/2023 A quixotic and clamorous regulatory saga perhaps unmatched in Clean Air Act history has ended — at least for now. In a final rule unveiled Friday, EPA restored the legal underpinnings of a 2012 set of regulations for emissions of mercury, a neurotoxin that’s particularly dangerous to babies,…
Duke Energy plans gas plants as it moves away from coal, but critics see higher cost and emissions February 14, 2023 Three years ago, Duke Energy opened its newest natural gas-fired power plant in Asheville, on the site of an old coal-fired plant. Duke wants to build more gas plants around North Carolina as part…
Renewables and nuclear set to cover global growth in electricity demand, IEA says Energize Weekly, February 15, 2023 New renewable and nuclear generation is set to meet 90 percent of the growing demand for electricity globally during the next three years, while increasing extreme weather will test grid resilience, according to the International Energy Agency’s…
More than half of new U.S. electric-generating capacity in 2023 will be solar FEBRUARY 6, 2023 Developers plan to add 54.5 gigawatts (GW) of new utility-scale electric-generating capacity to the U.S. power grid in 2023, according to our Preliminary Monthly Electric Generator Inventory. More than half of this capacity will be solar power (54%), followed…
The United States Is Facing Electricity Famine Feb. 7, 2023 There are signs that we are heading towards an electricity famine; a life-threatening energy Holodomor throughout many areas of the United States caused by political decisions. The system is being set up to fail. This problem this time is not the usual banes of the…
Renewable tax credits and changes on the grid are making most coal-fired plants uneconomical Energize Weekly, February 8, 2023 A combination of new federal incentives for renewable generation and a shift in the way electric grids are managed has led to a point where it is more expensive to operate almost all the coal-fired power…
Natural gas-fired power replacing coal-fired electricity in Pennsylvania JANUARY 30, 2023 According to a new report by the U.S. Energy Information Administration, natural gas-fired power plants have replaced coal-fired power plants in Pennsylvania over the last two decades. In 2001, natural gas accounted for 2 percent of the electricity produced in the state, but by…
Senators explore power supply failure – especially natural gas – during Christmas storm January 26, 2023 The winter storm of Dec. 23-25 produced an unexpectedly high demand for electricity. Despite the surprise, PJM, the 13-state power grid organization — thought it had plenty of reserve on hand. But the power suppliers failed to deliver, leading…
CPS Energy will phase out coal, close Spruce plant January 24, 2023 Before the end of the decade, the electricity powering San Antonio’s homes and businesses won’t rely on a polluting coal plant. But CPS Energy isn’t committing to all renewables just yet. The city-owned utility’s board voted 4-1 yesterday to choose a new portfolio…
Electricity generation global demand for fossil fuels is about to peak, RMI says Energize Weekly, January 25, 2023 The world has reached – or is close to reaching – peak demand for fossil fuels for generating electricity as the installation of cheaper renewable generation continues to grow, according to an analysis by energy consultant RMI.…
Puerto Rico to privatize power generation amid outages January 15, 2023 Puerto Rico announced Sunday that it plans to privatize electricity generation, a first for a U.S. territory facing chronic power outages as it struggles to rebuild a crumbling electric grid. The move marks the beginning of the end for Puerto Rico’s Electric Power Authority,…
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