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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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Looming Grid Shortfall Prompts 2.5GW California Procurement Proposal

GreenTechMedia

Although the proposed ‘all-source’ procurement would allow existing natural gas-fired peaker plants to compete, it could also open a massive new market for renewable energy, energy storage, demand response and other preferred alternatives to fossil fuels. Fitch wrote in Thursday’s proposed decision. gigawatts by 2023.