Energize Weekly, October 21, 2020 The global pandemic will cut worldwide energy demand 5 percent in 2020 and result in an 18 percent decline in energy investment, according to International Energy Agency (IEA) forecasts. If the novel coronavirus is brought under control in 2021, energy demand will return to its pre-crisis level by the end…
Energize Weekly, August 26, 2020 The Trump administration, in the last three weeks, has announced $865 million in loans and grants to upgrade rural infrastructure – electric grids, water systems and broadband internet. The two largest programs are for water and wastewater systems – $462 million – and rural electrification – $371 million. The largest…
Energize Weekly, December 4, 2019 In an effort to avoid a court condemnation proceeding, Boulder, Colo., which wants to create its own municipal utility, upped its offer for the purchase of Xcel Energy’s infrastructure to $94 million. It is the third offer the city has made to Xcel, which currently serves Boulder, and it is…
Energize Weekly, October 2, 2019 World energy consumption is projected to grow by 50 percent by 2050, with most of that demand coming from growing Asian economies, according to the federal Energy Information Administration’s (EIA) International Energy Outlook. “Energy consumption was greater in Asia than in any other region in 2018, and we project that…
Energize Weekly, September 18, 2019 Seattle’s ambitious plans for electrifying the city’s transportation sector could destabilize the metropolitan area’s electric grid by the addition of large numbers of electric trucks and buses, a study finds. The study by the Rocky Mountain Institute (RMI) in collaboration with Seattle City Light offers a series of steps to…
Energize Weekly, August 21, 2019 Portugal’s first photovoltaic (PV) solar auction has led to a record low-cost contract of $16.54 a megawatt-hour (MWh), narrowly besting the previous record, a recent Brazilian power purchase agreement (PPA) for $16.95 a MWh. “With the levelized cost of utility-scale PV in Southern Europe now well below current wholesale power…
Energize Weekly, August 14, 2019 The annual pace of residential energy storage in Europe is set to double in the next six years with total of 6.6 gigawatts of capacity on the continent by 2024 – a fivefold increase from 2018, according to a Wood Mackenzie analysis. Annual deployments are projected to reach 500 megawatts…
Energize Weekly, August 7, 2019 Electricity demand during the July heat wave that covered the Midwest and Atlantic coast led to the highest electricity peak – 704 gigawatts (GW) – in two years, according to the federal Energy Information Administration (EIA). The heat wave, which also brought high humidity, extended from July 15 to July…
Energize Weekly, July 31, 2019 Almost half of the major U.S. electric utilities filed rate cases with state regulators in 2018 – the highest number since 1983 – with nearly 90 percent seeking rate increases, according to the federal Energy Information Administration (EIA). The rate increase requests were driven mainly by increased spending on electricity…
Energize Weekly, July 24, 2019 Zurich-based ABB is paying $470 million to unload its solar inverter business to Italian solar inverter maker Fimer Spa, as price pressures dog the market. ABB said it will take an after-tax nonoperational charge of $470 million with about 75 percent going to Fimer as a cash payment. ABB said…
Energize Weekly, July 17, 2019 Utility-scale battery storage capacity has grown more than fourfold since the end of 2014, reaching 899 megawatts (MW) by March 2019, according to the federal Energy Information Administration (EIA). If currently planned projects are completed and no capacity is retired, storage could exceed 2,500 MW by 2023. The EIA defines…
Energize Weekly, July 3, 2019 Renewable electricity generation surpassed coal-fired generation for the first time in April, according to the federal Energy Information Administration (EIA). Renewable generation accounted for 23 percent of electricity generation in April compared to 20 percent for coal. “This outcome reflects both seasonal factors as well as long-term increases in renewable…
Processing…please wait
