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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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Behind-the-Meter Battery Pioneer Stem to Take SPAC Route to Public Markets

GreenTechMedia

Stem, the decade-old behind-the-meter battery startup that was seeking a buyer earlier this year to bolster its growth ambitions, is now launching a plan to go public via a special-purpose acquisition corporation (SPAC) reverse merger. Friday’s announcement names Star Peak Energy Transition Corp. billion in late 2019 to about $2.7

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WoodMac: Wind, Solar and Storage to Dominate Europe’s Power Grid by 2030

GreenTechMedia

Europe's power system will look very different in 2030, with energy storage supporting the “dominance” of wind and solar generation, according to new research from Wood Mackenzie. By 2040, Europe is expected to add another 169 gigawatts of wind and 172 gigawatts of solar.

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

GreenTechMedia

Grid operators around the world are unusually busy these days, but few have quite as much on their minds as NYISO, the independent system operator that manages New York state's bulk power system and wholesale energy market. percent in 2018, and hitting 100 percent zero-carbon emissions by 2040. Source: NYISO. Source: NYISO.

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NuScale’s Federal Safety Approval Moves US Modular Nuclear Reactors a Step Closer to Reality

GreenTechMedia

Those include a deal with state power agency Utah Associated Municipal Power Systems to build 12 of its 50-megawatt modules by 2030 to deliver power across the Intermountain West as part of UAMPS’ Carbon Free Power Project. NuScale says it has also signed agreements with entities in the U.S.,

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Generate Capital’s $1B Raise Draws Global Infrastructure Funds to Cleantech

GreenTechMedia

Generate became an early investor in asset classes that conventional lenders shied away from, including fuel cells, anaerobic digesters, behind-the-meter battery storage, electric buses, microgrids and unconventional solar projects. The company said in a statement that it invested $1 billion over the last five years.

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UK's global offshore wind lead squeezed despite near 100GW pipeline

Business Green

However, as the UK's offshore wind pipeline has grown, the global market appears to be accelerating even faster as the clean energy transition takes hold, which is slimming the UK's dominance of the sector worldwide. Even so, at present the UK still remains a dominant offshore wind player on the global stage.