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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. 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%

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

Business Green

That is the conclusion of new research released today by Imperial College London on behalf of energy firm Drax, which estimates that carbon emissions from Britain's grid fell by 16 per cent last year as a result of the growth of green power and plummeting energy demand during Covid-19 lockdowns. Nuclear power, meanwhile, provided 17.5

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

GreenTechMedia

That means Southern Company intends to keep building new natural gas power plants to meet its supply needs, even as it grows its renewable energy portfolio from 9 gigawatts today to about 14 GW by 2024. utility has yet fully fleshed out how it intends to eliminate natural gas power plants from its generation portfolio.

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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. The S&P Global Clean Energy index dropped 30% YTD weighed down by higher interest rates and supply / demand imbalances. Key market supply and demand indicators ended the year down. ☢️ US nuclear power saw mixed results.

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After Pandemic, New York’s Buildings Face Daunting Decarbonization Mandate

GreenTechMedia

Owners of noncompliant buildings face the prospect of multimillion-dollar annual fines beginning in 2024. ” With New York sheltering in place and the city’s office buildings largely empty of workers, electricity demand in New York City has declined by as much as 18 percent compared to typical levels.

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The 5 Biggest US Utilities Committing to Zero Carbon Emissions by 2050

GreenTechMedia

Virginia’s Clean Economy Act demands that the state's flagship utility, Dominion Virginia, supply at least 30 percent of its electricity from renewables by 2030 and shut down all carbon-emitting power plants by 2045. Nuclear power plays a large role in PSEG’s carbon-reduction plans.

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

Developers in the space are concerned that the coronavirus pandemic’s impact on the economy will depress demand for tax equity investments, as banks and financial institutions will have less appetite for credits to offset tax liabilities in a year when profits were depressed. Nuclear power will receive $6.6

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