article thumbnail

IRENA reports 22% lower LCOE of geothermal power in 2022

ThinkGeoEnergy

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.”

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% Nuclear power generation also is expected to reach an all-time high, with growth averaging close to 3% per year.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Power supply challenges leave 350 million with major outages – study

Smart Energy International

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?

article thumbnail

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

article thumbnail

DISTRIBUTECH International announces Host Utility, partnerships to support navigation of the energy transition

Renewable Energy World

DISTRIBUTECH International, the leading annual transmission and distribution event, is pleased to announce its Host Utility Oncor, as well as partnerships with the California Energy Storage Alliance (CESA), Forth, Smart Energy Consumer Collaborative (SECC) and Vehicle-Grid Integration Council (VGIC), for its 2022 event taking place Jan.

article thumbnail

Open Positions at Peninsula Clean Energy

Women in Cleantech and Sustainability

Peninsula Clean Energy is a joint powers authority formed by the County of San Mateo and each of its 20 cities to offer greener electricity to its residents and businesses to meet local climate action goals. Implementing Peninsula Clean Energy’s program helps achieve local community climate actions goals.

article thumbnail

'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.