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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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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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Natel Energy announces $20 million funding to further deploy Restoration Hydro Turbine

Renewable Energy World

Natel Energy announced a $20 million funding round, led by Breakthrough Energy Ventures (BEV) and supported by Chevron Technology Ventures, to build momentum in deploying its flagship product, the Restoration Hydro Turbine (RHT). “As Two project deployments of this technology have accumulated two years of commercial operation.

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How energy providers can prepare for summer heat with innovative solutions

Renewable Energy World

Last summer’s record heat waves triggered a surge in power demand that maxed out supplies and led to outages across the West. California and other states are pushing to use clean electricity to power vehicles and buildings to cut carbon, which will increase demand. ROOT CAUSES.

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Icelandic startups tackle energy resilience under extreme conditions

Business Green

Iceland's start-up community is looking to go global with its efforts to bolster the clean energy transition. The land of midnight sun, spectacular waterfalls and adorable ponies with 1980s rocker hair. That cleared the way for the country to reach 100 per cent renewable electricity in 2015 (more on that in a later column).

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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