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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%

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Virginia Mandates 100% Clean Power by 2050

GreenTechMedia

Virginia has become the latest state to pass a law that sets it on a path to 100 percent carbon-free electricity by 2050, as well as setting targets for massive investments in energy efficiency, energy storage and in-state solar and wind power. Dominion also gets more than one-third of its energy from nuclear power.

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New York?s Energy Transition (and Challenges) in 5 Charts

GreenTechMedia

Grid operators around the world are unusually busy these days, but few have quite as much on their minds as NYISO, the independent system operator that manages New York state's bulk power system and wholesale energy market. percent in 2018, and hitting 100 percent zero-carbon emissions by 2040. Source: NYISO. Source: NYISO.

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Utilities at an ‘Inflection Point’: Portland General Electric CEO

GreenTechMedia

Since 2018, when Pope became CEO at Portland General Electric (PGE), Oregon’s largest utility, the U.S. The unemployment rate has surged in PGE’s region during the coronavirus pandemic, hobbling commercial demand for power. PGE is also buying more hydropower in the Pacific Northwest.

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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. Renewables will become the largest source of electricity generation in 2025. Existing hydropower plants can also help with this large ramp up power.

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How 4 Top US Utilities Are Grappling With the Energy Transition (or Not)

GreenTechMedia

The past decade has been a wild ride for America's massive electricity sector. utility can be said to be close to that vision — or not outside a few fortuitously supplied and forward-thinking outliers like Vermont’s Green Mountain Power. NextEra Energy: America's renewables behemoth. Today, 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