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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. To meet the IEA’s net zero by 2050 pathway, the share must near 30% in 2030 and thus electrification needs to accelerate rapidly, the Electricity 2024 publication states.

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Renewables overtake fossil fuels in 2020 as Britain's power grid enjoys 'greenest year' yet

Business Green

Another record year for renewables saw clean power sources overtake fossil fuels on Britain's grid for the first time in 2020, but new nuclear and emerging technologies such as hydrogen and bioenergy carbon capture and storage are likely to be required to deliver a fully decarbonised energy system.

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National Grid powers up 149-mile green power cable under English Channel

Business Green

The 1,000MW IFA2 interconnector, a joint project between National Grid and France's electricity transmission network RTE, has been completed both on time and on budget, and is now set to enter testing phase before it goes fully live, the firms said. The high voltage direct current cable is expected to help meet 1.2

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'A crucial step': Government unveils funding plan for new nuclear plants

Business Green

UK consumers are set to pay up-front for the construction of a fresh fleet of large-scale nuclear power plants through their energy bills under a new financing model unveiled by the government today, which looks set to provide a key building block of its plans to deliver a net zero energy system.

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The 4 Things PG&E Must Do to Survive and Thrive Post-Bankruptcy

GreenTechMedia

The San Francisco-based utility is emerging from bankruptcy with a massive debt load that could make it harder to raise the tens of billions of dollars of investment needed to prevent its power grid from causing more devastating wildfires. PG&E plans to invest about $40 billion over the next five years into its power grid.

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Can 2030 emissions targets still be met? 10 worrying questions posed by the latest Hinkley Point C delays

Business Green

That move came just a week after the government published a new Nuclear Roadmap, reiterating its commitment to a new fleet of small modular reactors (SMRs) and promising to explore proposals for a third large scale new nuclear power plant project. The government's Nuclear Roadmap was already a hugely ambitious undertaking.

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? US clean investment cleans up with $239bn #187

Climate Tech VC

Emerging climate technologies (ECT) – clean hydrogen, carbon management, and sustainable aviation fuels – experienced the highest Q4 growth at $4.3B, a 10X jump relative to Q4’22. The EV supply chain dominated, with critical minerals, batteries, vehicle assembly and charging equipment making up 84% of Q4 investment.