Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says Energize Weekly, June 19, 2024 The scale and speed of the energy transition risks project delays and setbacks leading to cost overruns of 15 percent to 20 percent, equal to $150 billion a year, according to research paper…
U.S. Solar Sector Shows Record-Setting Growth Jun 6, 2024 A new report from two leading energy industry groups said a record 11 GW of new solar power module manufacturing capacity entered service during the first three months of this year, representing the largest quarter of solar manufacturing growth in U.S. history. The Solar Energy Industries…
Babcock & Wilcox to proceed with coal-to-biomass plant conversion JUN 4, 2024 Babcock & Wilcox (B&W) has been granted a limited notice to proceed (LNTP) by NorthStar Clean Energy to begin work on a Bioenergy with Carbon Capture and Storage (BECCS) conversion of a former coal-fired power plant in Filer City, Michigan in the US.…
AI is poised to drive a doubling in data center electricity demand by 2030, studies say Energize Weekly, June 5, 2024 Data centers, spurred by increased artificial intelligence applications, could double their demand for electricity in the U.S. reaching 9.1 percent of the nation’s electricity load by 2030, according to analysis by the Electric Power…
Wind towers crumpled after Iowa wind farm suffers rare direct hit from powerful twister May 22, 2024 A wind farm in southwest Iowa suffered a direct hit from a powerful tornado that crumpled five of the massive, power-producing towers, including one that burst into flames. But experts say fortunately such incidents are rare. Video of…
California ISO Greenlights Transmission Plan for Offshore Wind Integration May 24, 2024 The California Independent System Operator (CAISO) has approved the 2023-2024 Transmission Plan that identifies and plans for key upgrades to California’s transmission system to deliver power from offshore wind turbines to the state’s homes and businesses. CAISO unveiled its draft 2023-2024 Transmission Plan…
FERC adopts sweeping transmission planning regulations with the aim of speeding projects Energize Weekly, May 22, 2024 The Federal Energy Regulatory Commission (FERC) adopted a sweeping new regulation, on May 13, aimed at spurring the planning and construction of new transmission lines to meet the growing needs of the nation’s overworked electric grid. The new…
Zombie coal plants could threaten the US energy transition 14 May 2024 On the banks of Maryland’s Patapsco River, about 10 miles south of Baltimore, there’s an aging coal plant that pretty much everyone wants to shut down. Local community activists, environmental groups, state officials, even the company that owns the coal-burning facility — they…
Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum May 14, 2024 President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday, taking potshots at Donald Trump along the way as he embraced a strategy that’s increasing friction between the world’s two…
Global financing for clean tech manufacturing soared to $200 million in 2023 Energize Weekly, May 15, 2024 Global investment in clean technology manufacturing grew year-over-year by 70 percent to $200 billion in 2023, making it one of the largest industrial sectors for new financing, according to a report by the International Energy Agency (IEA). “Governments…
AI could drive a natural gas boom as power companies face surging electricity demand MAY 5 2024 Natural gas producers are planning for a significant spike in demand over the next decade, as artificial intelligence drives a surge in electricity consumption that renewables may struggle to meet alone. After a decade of flat power growth…
Philadelphia begins powering City Hall and the airport by a solar array 100 miles away APRIL 29, 2024 Philadelphia has begun pulling large amounts of power for city-owned buildings from a solar array on farmland near Gettysburg. The project, begun nearly six years ago under former Mayor Jim Kenney, started producing electricity specifically for the…
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