Remove Demand Remove Investment Remove Nuclear Power Remove Wind power
article thumbnail

UK’s National Grid proposes £58bn network upgrade plan

Smart Energy International

billion) of further, direct investment into electricity networks to facilitate the connection of clean assets and renewable energy sources. National Grid forecasts a 64% growth in power demand to 2035, the UK’s target for net zero. National Grid ESO has released a network upgrade plan, calling for £58 billion ($73.6

article thumbnail

Midwestern Utility Evergy Pledges Carbon Cuts in Line With Paris Accord

GreenTechMedia

Evergy has become the latest utility to pledge to long-term carbon cuts even though the states it serves, Kansas and Missouri, aren’t demanding them. Since 2005, Evergy has reduced the share of coal-fired power in its 6.2-gigawatt Above and beyond states' demands. gigawatts of nameplate capacity as of 2020.

Carbon 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

GreenTechMedia

That leaves a massive gap to be filled by clean energy, since more than half of the state’s carbon-free emissions today come from nuclear power, as shown in the chart below. Larger-scale transmission projects aimed at carrying Canadian hydropower and wind power downstate, such as the $2.2 Source: NYISO.

article thumbnail

European merit order energy trading: Obsolete?

Smart Energy International

The lowest marginal costs, or the extra costs by a power plant for the most recent megawatt hour generated, are used to determine the merit ranking. As a result, the merit order is unaffected by a power generation technology’s fixed costs. Up till the demand is covered, power plants with larger marginal costs are added.

Energy 52
article thumbnail

European merit order energy trading: Obsolete?

Smart Energy International

The lowest marginal costs, or the extra costs by a power plant for the most recent megawatt hour generated, are used to determine the merit ranking. As a result, the merit order is unaffected by a power generation technology’s fixed costs. Up till the demand is covered, power plants with larger marginal costs are added.

Energy 52
article thumbnail

How NextEra Overtook ExxonMobil As The Largest U.S. Energy Company

R-Squared Energy

If you had invested in Florida-based utility NextEra Energy a decade ago, your total return through this week, including dividends, would have been 600%. In contrast, if you had invested in ExxonMobil a decade ago, you have seen the share value decline by half. NextEra’s dividend is considered as safe as an investment-grade bond.

Energy 114
article thumbnail

Fresh U.K. Proposals Chase More Nuclear and Higher Carbon Prices

GreenTechMedia

government’s long-awaited energy white paper is out with confirmation of fresh negotiations with EDF over a new nuclear power station and a drive to push up the price of carbon. billion) of government investment will trigger another £36 billion in private money by 2030, it claims. the Saudi Arabia of wind power.

Carbon 130