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Category: Energy Economics


Energy Economics

Germany Will Support 10 GW of New Gas Plants, With Eye Toward Hydrogen

February 5, 2024

Via: Power Magazine

German officials announced a new plan for the country’s power generation, a strategy that includes putting at least 10 GW of new gas-fired capacity up for tenders. Officials on Feb. 5 said the plants would be designed to eventually burn […]


Energy Economics

Power Grid Investments Improve Reliability and Make Blackouts Less Likely

August 30, 2023

Via: Power Magazine

While power outages are not uncommon in the U.S., widespread blackouts that last more than a couple of hours are pretty rare. However, this summer marks the 20th anniversary of one of the most significant blackouts in North American history. […]


Energy Economics, News and Policies, U.S.

DOE announces $6 billion aimed at reducing industrial emissions

March 10, 2023

Via: Power Engineering

The U.S. Department of Energy (DOE) announced approximately $6 billion in funding to accelerate decarbonization projects in the energy-intensive industrial sector. The industrial sector’s emissions result not just from fuel for heat and power, but also from feedstocks and processes […]


Energy Economics

US clean energy additions slow in 2022 amid policy, market handicaps

February 17, 2023

Via: Renewables Now

The US clean energy industry installed 9.6 GW of utility-scale solar, wind and battery storage in the fourth quarter of 2022, the lowest fourth quarter result since 2019, the American Clean Power Association (ACP) said on Thursday. Full-year clean energy […]


Energy Economics

A European Response To The US Inflation Reduction Act

January 24, 2023

Via: CleanTechnica

The European Green Deal is one of the world’s most ambitious climate policies to usher the European Union into the net zero economy by 2050. To happen, it will require a massive ramp up of technologies from wind turbines to […]


Energy Economics

Inflation Reduction Act: What manufacturers need to know about new clean energy tax credits

December 16, 2022

Via: Renewable Energy World

Manufacturers should consider seeking Section 48C Advanced Energy Project Credit allocations, recently provided by the Inflation Reduction Act, with guidance coming out in February 2023. Capped at $10 billion, this is a competitive tax credit program that effectively acts as […]


Energy Economics

U.S., Others Tout $20 Billion Plan to Move Indonesia Away from Coal, Toward Renewables

November 15, 2022

Via: Power Magazine

The U.S. and other countries have announced a $20 billion financing plan to help Indonesia more quickly shutter the country’s coal-fired power plants and decarbonize its power generation sector. “We’ve built a platform for cooperation that can truly transform Indonesia’s […]


Energy Economics

Deal reached on Virginia offshore wind cost-share

October 31, 2022

Via: Renewable Energy World

A settlement has been reached on protections tied to an offshore wind project in Virginia, stakeholders wrote in a filing to state regulators. Dominion Energy Virginia, the utility developing the 2.6 GW Coastal Virginia Offshore Wind project, said the settlement […]


Energy Economics

U.S. Announces First Sale of Rights for California Offshore Wind Development

October 18, 2022

Via: Power Magazine

The U.S. government has announced the first-ever sale of offshore wind development rights off the California coast. The Dept. of Interior (DOI) on Oct. 18 said it would hold the event on Dec. 6, in an effort to spur industry […]


Energy Economics

DOE seeds carbon capture tech deployment with $4.9b in funding

September 27, 2022

Via: Power Engineering

The U.S. Department of Energy (DOE) announced a nearly $4.9 billion set of funding opportunities aimed at bolstering investments in the carbon management industry and to reduce carbon dioxide (CO2) emissions through power generation and industrial operations. The funding from […]


Energy Economics

Why the Solar Market Is Down and Why It’s Poised for a Comeback

September 8, 2022

Via: Power Magazine

The forecast for U.S. solar energy installations in 2022 have been revised downward in a report published by Wood Mackenzie and the Solar Energy Industries Association (SEIA) on Sept. 8, due in large part to supply chain constraints and an […]


Energy Economics

Aurora Solar hits 10-millionth project design milestone

September 7, 2022

Via: Renewable Energy World

San Francisco-based Aurora Solar said that 10 million solar sites worldwide have been designed with its platform. The milestone doubles the 5 million mark the company said it reached in April 2021. The cloud-based platform uses data, automation, and AI […]


Energy Economics

Auxin Solar’s tariff bid isn’t dead: Here’s the latest

September 6, 2022

Via: Renewable Energy World

A few months ago, seemingly every conversation in the solar industry included at least a mention of one divisive topic: the Auxin Solar tariff petition. The Department of Commerce’s investigation of Auxin Solar’s claims that solar modules imported from Vietnam, […]


Energy Economics

The Inflation Reduction Act offers powerful tools for solving the ‘peaker problem’

August 31, 2022

Via: Renewable Energy World

Fossil-fueled peaker power plants, once embraced by utilities for their rapid response capabilities, have entered a new moment in time. Peakers are the power plants that fire up during high peaks of electricity demand, and they are often the dirtiest […]


Energy Economics

Inflation Reduction Act: Clean energy industry cheers ‘monumental’ vote by Senate

August 8, 2022

Via: Renewable Energy World

The clean energy industry celebrated a moment on August 7 that would have seemed impossible just a few weeks earlier: The Senate passed a budget measure that includes the largest investments in clean energy and climate change in U.S. history. […]


Energy Economics

Solar and efficiency platform tops $8 billion in loans

July 25, 2022

Via: Renewable Energy World

More than $8 billion in loans for residential solar and efficiency improvements have been financed on the Mosaic platform, a milestone achievement for the Oakland, California-based company. Mosaic has funded approximately $1 billion in loans per quarter this year and […]


Energy Economics

Blue Economy Can Help Members Boost Offshore Renewables

June 30, 2022

Via: IRENA

“An important part of the solution to today’s energy crisis may lay with our oceans as a source of local and abundant renewable energy”, said Roland Roesch, Deputy-Director of IRENA’s Innovation and Technology Centre, at the fourth meeting of the […]


Energy Economics

Intersect Power raises $750m to develop renewable energy portfolio

June 28, 2022

Via: Renewable Energy World

Intersect Power has announced a $750 million growth equity investment to accelerate the development of its clean energy and energy storage portfolio. The investment supports Intersect Power’s focus on shorter tenor offtake contracts combined with large-scale battery storage and new […]


Energy Economics

Energy storage execs call on Congress to pass standalone incentive

February 21, 2022

Via: Renewable Energy World

In letters sent to leaders in Congress and the White House, energy storage executives called for renewed attention to incentives that were included in the stalled Build Back Better Act. The proposed standalone investment tax credit for energy storage was […]


Energy Economics

ESG Aspects Loom Large in Power and Utilities M&A Activity

January 19, 2022

Via: Power Magazine

Environmental, social, and governance (ESG) efforts are factoring into merger and acquisition (M&A) deal activity within the power and utilities sector across North America, according to a report issued by PwC, a professional services firm serving the “Trust Solutions and […]