Confidence in Net-Zero Goals Plummets as Industry Faces Policy, Investment Hurdles: EIC Report
EIC’s Net Zero Jeopardy Report II shows steep decline in industry confidence as executives cite policy instability, weak investment climate and slow project approvals as key barriers. London – Energy industry confidence in reaching global net-zero targets is fading as policy instability, financial uncertainty and slow project approvals continue to hinder progress, according to Net Zero Jeopardy Report II by the Energy Industries Council’s (EIC), the world-leading trade association for the ene...
Wärtsilä introduces next-generation engine to balance renewables and improve power plant performance
Wärtsilä launches its next generation 46TS engine, which is designed to balance renewable energy, provide highly efficient baseload power, and can run on sustainable fuels in future. © Wärtsilä Wärtsilä 46TS engine provides improved output and efficiency to save fuel and costs, with future proof technology that can run on sustainable fuels HOUSTON, Texas – Technology group Wärtsilä launches today its next generation 46TS engine, which is designed to balance renewable energy, provide h...
Earth Savers Launches Comprehensive Energy Solutions to Transform Facilities Across the U.S.
CHINO, Calif., February 10, 2025 (Newswire.com) - Earth Savers, a provider of advanced LED lighting and smart control solutions, announces the launch of an expanded suite of energy efficiency solutions designed to transform facilities to net zero energy across the United States. Starting immediately, Earth Savers' services include EV charging stations, solar power solutions, battery energy storage, HVAC efficiency measures for building automation and energy management system upgrades, and their...
U.S. Offshore Wind Faces Strong Gusts From Trump Executive Order; Shell Abandons Atlantic Shores Project
Summary Following President Trump's executive order targeting the development of offshore wind power, one major company has already scrapped its U.S. offshore wind plans. The executive order is a significant setback for the industry, which has already been suffering from high project development costs associated with construction and financing. This executive order dampens developer/investor confidence and creates uncertainty regarding the growth of offshore wind power in the U.S. in the ne...
NYPA Board of Trustees Approves $400,000 for Energy Storage and Microgrid Training Program
Virtual Reality Training to Educate Utility Workforce on Operations and Maintenance of Energy Storage and Microgrid Systems Residents of Disadvantaged Communities Eligible to Enroll in Tuition-Free ESAMTAC Trainings at 14 Locations Throughout New York WHITE PLAINS— The New York Power Authority (NYPA) Board of Trustees yesterday approved $400,000 in funding for the Energy Storage and Microgrid Training and Certification (ESAMTAC) program to prepare electrical contractors and workers fo...
NYPA Board of Trustees Approves Inaugural Strategic Plan for New Renewable Energy Generation in New York State
Renewables Strategic Plan Details First Tranche of Projects Across New York, Enough to Power 2.5 to 3 Million Homes Plan Stems From 2023-24 State Budget Enactment for Expanding NYPA’s Renewable Power Role WHITE PLAINS—The New York Power Authority (NYPA) Board of Trustees today approved its first strategic plan for expanding renewable energy resources in New York State to advance Governor Kathy Hochul’s nation-leading climate agenda. The NYPA Renewables Strategic Plan includes de...
Researchers from Incheon National University Propose Novel Approaches for Improved Microgrid Management
"Rural electricity" by kevin dooley A new optimization model improves microgrid operation, enhancing energy efficiency and ensuring reliable power supply Scientists at Incheon National University have developed a new optimization model to improve microgrid operation. This model adapts to unexpected changes in power supply and demand, ensuring stable and efficient energy systems. By addressing challenges like power outages and varying energy needs, this approach enhances the reli...
Hydrogen economy development enters critical phase, says GlobalData
The hydrogen economy has recently experienced some hiccups in its growth story. Apparently, demand for this commodity is not rising at the pace it was envisaged back in 2020 when companies had aggressively announced their energy transition plans. As more industries, such as steel, transportation, and power, try to decarbonize their operations, the demand for low-carbon hydrogen is expected to grow. Nevertheless, the hydrogen economy is currently in its critical phase of its development, says Glo...
Global Grid Digitalization Investment to Hit US$150 Billion by 2030 Amid Growing Demand for Energy Capacity and Flexibility
Investments in energy grid modernization and digitalization have not kept pace with energy demands and requirements over the past years. Given rapid electrification and the ongoing energy transition toward net zero, spending on grid digital transformation needs to accelerate. According to a new report from global technology intelligence firm ABI Research, aggregated worldwide investments in grid digitalization will grow from US$81 billion in 2024 to US$152 billion in 2030. “The benefits of t...
ASME Joins GEODE Consortium to Help Accelerate Development of Geothermal Energy
NEW YORK – The American Society of Mechanical Engineers (ASME) today announced it has joined the Geothermal Energy from Oil and Gas Demonstrated Engineering (GEODE) consortium, and that Madeleine Kopp, the Society’s new sustainability program manager, will chair the GEODE consortium’s Production and Operations Task Force in the Technology Roadmapping Working Group. GEODE is a consortium led by Project InnerSpace and the Society of Petroleum Engineers (SPE) and funded by the U.S. Department of...