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

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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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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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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. Cheap wind and solar have turned the industry's conventional economic wisdom on its head. NextEra Energy: America's renewables behemoth. NextEra Energy: America's renewables behemoth. Today, no U.S. Today, no U.S.

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Massive Senate Energy Bill Falters

GreenTechMedia

A massive energy bill that could direct billions of dollars to renewable energy, energy storage and smart grid R&D and deployments faces an unclear future in the U.S. The American Energy Innovation Act, introduced last month by Sens. The American Energy Innovation Act, introduced last month by Sens.

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Sweeping Senate Energy Bill Could Come to a Vote This Week

GreenTechMedia

Senate will consider a bipartisan energy package this week that could be this year’s best legislative hope to increase federal funding for a number of energy technologies, from solar, wind and batteries, to more efficient fossil fuel-fired power and carbon capture. Renewable energy.