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Low carbon generation set to meet electricity demand growth – IEA

Smart Energy International

The IEA’s Electricity 2024 report records electricity demand growth easing in 2023 but is projected to accelerate over the next three years through 2026. The update finds that world demand for electricity grew by 2.2% The update finds that world demand for electricity grew by 2.2%

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Is Load shedding the solution?

Smart Energy International

When the electric grid is under strain, many electric utilities use the load shedding technique to lower demand and balance it with energy production. The idea is to turn off the power supply to certain areas on a cyclical basis, for example, two hours ON, then two hours OFF. The actual power gap now exceeds 8GW.

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Making sense of the flow: The control possibilities enabled by actuators

Envirotec Magazine

Actuators are a vital component in a wide range of systems used in water, energy and other industries. Today’s electric actuators can be remotely controlled, and receive commands to open or close from industrial control systems like SCADA or DCS. But what exactly is an actuator? What does it do?

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Inflation Reduction Act Activation Guide: Renewable Energy Procurement

EDF + Business

Decreased Renewables Cost: Levelized Cost of Electricity (LCOE) to project sponsors is expected to decrease by 40-60%, which will likely result in cost reductions for commercial electricity users. Notes: PTC stands for Production Tax Credit. ITC stands for investment tax credit. Sources: Deloitte Analysis, H.R.5376

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Avangrid Withdraws Guidance on Coronavirus, Vineyard Wind Uncertainty

GreenTechMedia

gigawatt onshore wind power fleet. wind power producer behind Berkshire Hathaway Energy and NextEra Energy, according to the American Wind Energy Association. The Connecticut-based company reported first quarter consolidated net income of $236 million, or $0.76 per share, compared to $219 million, or $0.71

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'How to withstand Russia's energy blackmail': IEA warns further clean energy measures 'vital' to closing gas supply gap in 2023

Business Green

Additional €100bn for renewables, heat pumps, energy efficiency, and biomethane needed as EU faces 'sterner' gas supply test next year, IEA warns. The additional €100bn the IEA said is required to bolster Europe's clean, efficiency energy sources in 2023 amounts to less than a third of that mobilised by EU member states so far this year.

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'Fundamental change': How write downs and bankruptcies are fuelling stranded asset fears

Business Green

Shell and BP are writing down assets while a raft of US fracking firms are entering bankruptcy protection – change is coming to the fossil fuel industry faster than anyone expected. The company cut expectations for Brent crude prices in 2022 from $60 to $50 a barrel, while Henry Hub US gas price projection now stand at $2.50