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Electrification gets down to the wire

GreenBiz

It’s a shockingly heady time for electricity. The push to quickly transition carbon-intensive activities away from fossil fuels while meeting the world’s growing energy needs has put electricity producers and consumers squarely in the forefront of the emerging clean economy. Subscribe here. Surge protection.

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Albania’s first floating solar plant starts commercial operations

Renewable Energy World

European renewable energy generator Statkraft, in collaboration with Norwegian supplier Ocean Sun, has started commercial operations at the first unit of its floating solar project in Albania. The project is placed at the Banja reservoir in Albania, where Statkraft is operating its 72-MW Banja hydropower plant.

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Is Load shedding the solution?

Smart Energy International

When the electric grid is under strain, many electric utilities use the load shedding technique to lower demand and balance it with energy production. The idea is to turn off the power supply to certain areas on a cyclical basis, for example, two hours ON, then two hours OFF. The actual power gap now exceeds 8GW.

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AI can significantly improve grid management reports DOE

Smart Energy International

Artificial intelligence (AI) has the potential to significantly improve key areas of grid management, a new US Department of Energy report finds. Thus AI models for grid applications should be rigorously validated as well as scalable in performance and adherent to power grid governance standards. Have you read?

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Power supply challenges leave 350 million with major outages – study

Smart Energy International

Some 350 million people, more than 4% of the global population, were impacted by a major power outage in 2021 as the combination of traditional market challenges and new factors disrupted the operations of energy systems, according to a new report released by research firm IHS Markit Global Power and Renewables. Have you read?

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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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The Race Is On for Commercial Deployment of Solar in Open Seas

GreenTechMedia

In the space of just a few days, two separate projects have brought the promise of offshore floating solar a step closer to commercial reality. Fred Olsen has “great plans” for commercialization, he said, and offers the opportunity to deploy offshore floating solar at the sort of scale needed to make it competitive.