Smart Energy International
JANUARY 24, 2024
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% Nuclear power generation also is expected to reach an all-time high, with growth averaging close to 3% per year.
ThinkGeoEnergy
AUGUST 29, 2023
Between 2021 and 2022, the global weighted average levelized cost of electricity (LCOE) of ten newly commissioned geothermal projects fell by 22% to USD 0.056 kWh. This statistic was reported by the International Renewable Energy Agency (IRENA) in their newly published document, “Renewable Power Generation Costs in 2022.”
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Renewable Energy World
FEBRUARY 4, 2021
In the final months of 2020, electricity generation from wind turbines in the United States set daily and hourly records. Energy Information Administration’s (EIA) Hourly Electric Grid Monitor show an hourly record set late in the day on December 22 and a daily record set on the following day. million megawatthours (MWh).
Smart Energy International
AUGUST 29, 2022
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.
Envirotec Magazine
MARCH 14, 2024
Actuators are a vital component in a wide range of systems used in water, energy and other industries. The water industry is a prime destination for these components, although they appear in a vast range of process technology and other systems, including power generation, whether it be from oil, gas, biomass, energy-from-waste, or nuclear.
Smart Energy International
FEBRUARY 8, 2022
Some 350 million people, more than 4% of the global population, were impacted by a major power outage in 2021 as the combination of traditional market challenges and new factors disrupted the operations of energy systems, according to a new report released by research firm IHS Markit Global Power and Renewables. Have you read?
EDF + Business
MARCH 28, 2023
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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