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Connecticut sets 1 GW energy storage goal

Renewable Energy World

This week Connecticut Governor Lamont signed a new law that will require the state to install 1 GW of energy storage by 2030 with milestone requirements every three years: 300 MW by 2024, 600 MW by 2027 and 1 GW by 2030. The Energy Storage Association (ESA) applauded the move.

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More wind and solar capacity could save some of the world’s most important rivers

Renewable Energy World

The proportion of global power generation represented by VRE, such as wind and solar power, has been rising rapidly since 2007. And according to IEA’ Renewables 2020, Launch Presentation from November 10, 2020, global wind and solar PV’s combined installed capacity will surpass that of natural gas in 2023 and coal in 2024.

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Can Gas-Fired Power Plants Coexist with a Net-Zero Target? Yes, Southern Company Insists

GreenTechMedia

utility can reach net-zero carbon emissions by 2050 while still keeping natural gas as a central part of its business, both to generate electricity and to sell to its customers. utility has yet fully fleshed out how it intends to eliminate natural gas power plants from its generation portfolio. To be sure, no U.S.

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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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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

Look forward to 2024 predictions from many of your favorite clairvoyant climate voices. Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. 🏦 The Loans Program Office kept busy. Proterra, the dominant electric bus maker, was just one high profile example.

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AeroFarms is trying to cultivate the future of vertical farming

Business Green

The public market offering and the capital gained during the process will be crucial for AeroFarms to reach the next level of its growth and to achieve several strategic expansions, including improving operational and energy efficiency, adding into new products (right now it's focusing on berries), and maintaining its social impact. "We

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Duke Energy Will Play ‘Pivotal Role’ in North Carolina Clean Energy Debate, CEO Says

GreenTechMedia

Duke Energy’s third-quarter earnings report on Thursday revealed success in managing the effects of the coronavirus pandemic on its multistate utility operations. Historically, energy policy in North Carolina has moved in a bipartisan way," she said. Duke’s long-range plans and looming home-state political decisions.