CNBC The network of transmission lines that carry electricity across the U.S. is old and not set up to meet the anticipated demand for clean energy sources like wind and solar. Currently, electricity generation results in 32% of carbon dioxide emissions in the United States, mostly from burning fossil fuels like oil, coal, and natural gas. Those fuels are transported
CNBC BP said it is investing 20 million Australian dollars ($13.53 million) in Australian renewable company 5B, which specializes in solar technology. The energy major said the investment in 5B — made via its subsidiary BP Ventures — wrapped up a Series B funding round of 55 million Australian dollars that had been co-led by Artesian and the AES
Oil Price Trade and supply chain barriers continue to slow progress in U.S. solar power expansion, despite the Inflation Reduction Act (IRA) which was designed to boost clean energy capacity rollouts, a quarterly report by the Solar Energy Industries Association (SEIA) and Wood Mackenzie showed on Tuesday. The United States added 4.6 gigawatts (GW) of new solar capacity in the third
Oil Price As the capacity to generate wind and solar power continues to expand around the world, hopes of accelerating the phase-out of coal as the leading source of electricity may depend on the expansion of a less discussed but equally important part of the energy supply chain: electricity grids. Countries around the world are working to shift to more sustainable
CNBC German energy firm RWE is to invest in a pilot project centered around the deployment of floating solar technology in the North Sea, as part of a wider collaboration focused on the development of “floating solar parks.” Set to be installed in waters off Ostend, Belgium, the pilot, called Merganser, will have a capacity of 0.5 megawatt peak, or MWp. In
Nasdaq WASHINGTON – President Joe Biden waived tariffs on solar panels from four Southeast Asian nations for two years and invoked the Defense Production Act to spur solar panel manufacturing at home, the White House said on Monday, confirming a Reuters report. The tariff exemption applies to panels from Cambodia, Malaysia, Thailand and Vietnam and will serve as a “bridge” while
CNBC The Biden administration said Friday that it will extend Section 201 tariffs on imported solar cells and panels for another four years, but with several changes to existing provisions. The tariff rate quota for solar cells will rise from 2.5 gigawatts to 5 gigawatts, and the administration will also uphold the decision to exclude bifacial panels from tariffs. Bifacial panels, which
Nasdaq Jan 6 – Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell RDSa.L, on Thursday said it raised $775 million in equity capital from new and existing investors. The announcement comes as renewable energy, and in particular solar, is experiencing a dramatic expansion in the United States. Financial institutions are seeking to capitalize on that
Publisher’s Note: Dan Genovese with EnerCom sat down with Ory Zik, CEO of Qnergy, to discuss their clean, reliable, electric power system based on Stirling engines for Compressed Air Pneumatics (CAP) product that helps customers eliminate methane emissions by converting the methane into a useable energy source. Qnergy’s product has been deployed extensively across the North American gas market, replacing
Publisher’s Note: Dan Genovese with EnerCom sat down with Michael Ligrani, CEO of Iron IQ, to discuss their solution to get operators on a frictionless path to getting all their equipment, people, and processes connected on the cloud. Iron IQ’s solutions for Oil and Gas are easily expanded into adjacent industries, such as mining, water management, solar and precision agriculture,
Publisher’s Note: Dan Genovese with EnerCom sat down with Darrel Smith, Founder and Chief Technology Officer of Hydrostar, to discuss their game-changing electrolyte and electrolyzers for scalable hydrogen production. Hydrostar’s electrolysis systems efficiently produce high grade, low-cost, Green Hydrogen gas with intermittent operation allowing for adaptation to many renewable power generation applications. The low capital and operating cost of Hydrostar’s
World Oil Shell New Energies US, a subsidiary of Royal Dutch Shell, has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie’s Green Investment Group. With this acquisition, Shell expects to significantly expand its global solar portfolio. “Savion’s significant asset pipeline, highly experienced team, and
