Remove 2022 Remove Demand Remove Investment Remove Nuclear Power
article thumbnail

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% in 2023, less than the 2.4%

article thumbnail

'Europe has avoided the worst of the crisis': EU renewables overtake gas power in 2022

Business Green

The findings, published by energy think tank Ember, suggest Europe weathered a "triple crisis" in the energy sector last year, as the industry faced soaring costs, a scramble to wean the continent off Russian gas supplies, and the lowest levels of hydro and nuclear generation in two decades. Any fears of a coal rebound are now dead."

Europe 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Britain's power grid celebrates greenest day and month on record in 2022

Business Green

More than half of the UK's electricity came from zero carbon sources across five months last year, as Britain celebrated a flurry of fresh green grid records in 2022, according to National Grid ESO. Favourable conditions then saw that record once again broken by the year-end, with 20.918GW of wind power generated on 30 December.

article thumbnail

Xcel Targets $1.4B in Wind and Solar Investments, Outlines Broader Carbon-Reduction Goals

GreenTechMedia

billion in new wind and solar investments in the next 12 months and is outlining plans for electric vehicle charging, energy storage and green hydrogen production pilot programs to meet its goal to reach net-zero carbon emissions by 2050. billion, five-year capital investment plan from the multistate utility.

Carbon 130
article thumbnail

Expanding B.C. LNG involves risky trade-offs for province’s electricity system, economy, and climate goals: report  

Clean Energy Canada

LNG in the coming years and decades as forecasts for future LNG demand vary significantly. Japan’s LNG imports, for one, have steadily declined over the last decade and fallen to their lowest level in 14 years as the country restarts nuclear power plants and builds out renewables. s intended export markets.

article thumbnail

IEA net zero update reiterates need for rapid grid expansion

Smart Energy International

The IEA’s updated Net Zero Roadmap identifies the doubling of grid investments by 2030 as a key milestone for the electricity sector towards its net zero scenario. Thereafter the investment also needs to remain at a high level, approaching a peak of $1.1 trillion by 2040 before dropping back to around $850 billion by 2050.

article thumbnail

B.C.’s late LNG bet appears risky in a competitive market

Clean Energy Canada

s proposed LNG projects would come online in a global LNG market anticipated to see export capacity increase by 43 per cent by 2030, but there is no consensus from governments or industry on future global demand. s LNG industry is the question of where the electricity will come from to power new projects. Many of B.C.’s

Methane 93