AEP CEO Nick Akins to Step Down, Julie Sloat Tapped as Next Company Head

Credit to Author: Sonal Patel| Date: Fri, 12 Aug 2022 16:33:38 +0000

American Electric Power’s (AEP’s) long-serving chairman, president, and CEO, Nick Akins, will step down as CEO on Jan. 1, 2023, and has already passed the company’s presidency to Julie A. Sloat, AEP executive vice president, and chief financial officer (CFO). Sloat, 53, will become the power generating company’s CEO in January, making her the first […]

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Southern Company: A History of a Prolific Power Technology Pioneer

Credit to Author: Sonal Patel| Date: Mon, 01 Aug 2022 04:18:32 +0000

Atlanta-based energy giant Southern Co. has rapidly evolved to keep in step with the evolution of power. As part of its corporate growth, the company has notably pioneered technologies that have reshaped

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Experts Say Hydropower Needs to Double by 2050 to Meet Climate Goals

Credit to Author: Aaron Larson| Date: Thu, 28 Jul 2022 14:42:50 +0000

Global installed hydropower capacity rose by 26 GW in 2021 to 1,360 GW, but that’s far short of the progress needed to achieve the world’s climate change mitigation goals. “We know that to keep climate change below 2°C, or the more challenging 1.5°C net zero target, we will need to see a huge increase in […]

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UK Leans Heavily on Nuclear in Bold New Energy Strategy

Credit to Author: Sonal Patel| Date: Mon, 02 May 2022 04:16:00 +0000

A long-awaited energy strategy published by the UK government on April 6 lays out bold commitments that tackle Great Britain’s multi-pronged challenges, including achieving net-zero carbon emissions while

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Dominion Latest to Set Net-Zero Carbon Goal

Credit to Author: Aaron Larson| Date: Wed, 12 Feb 2020 11:46:06 +0000

The post Dominion Latest to Set Net-Zero Carbon Goal appeared first on POWER Magazine.

Richmond, Virginia-based Dominion Energy has joined a growing list of power companies establishing net-zero emissions targets. The company, which has more than 7 million electricity and natural gas customers in 18 states, said it intends to reach its carbon dioxide and methane reduction goals by 2050. Under the net-zero framework, the company is committing to […]

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10 Power Sector Insights from the IEA’s World Energy Outlook 2019

Credit to Author: POWER| Date: Thu, 02 Jan 2020 05:00:00 +0000

The post 10 Power Sector Insights from the IEA’s World Energy Outlook 2019 appeared first on POWER Magazine.

The International Energy Agency’s (IEA’s) November 2019–released World Energy Outlook 2019 (WEO2019) is studded with interesting findings about emerging trends in the power sector. Here are 10 from the

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Voices of 100%: When 100% Renewable Electricity Isn’t Enough, Burlington Targets Net Zero

Credit to Author: John Farrell| Date: Mon, 25 Nov 2019 23:20:35 +0000

More than 100 cities have committed to 100% renewable electricity transitions, with most hoping to get there by 2030 or 2050. Burlington, Vermont already achieved this goal five years ago

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DTE Energy Latest to Target Net-Zero Carbon Emissions

Credit to Author: Sonal Patel| Date: Thu, 26 Sep 2019 12:57:39 +0000

The post DTE Energy Latest to Target Net-Zero Carbon Emissions appeared first on POWER Magazine.

DTE Energy has announced a goal to achieve net-zero carbon emissions by 2050, following steps by Duke Energy, American Electric Power, and NRG Energy to do the same over the past two weeks. The Detroit-based company on Sept. 26 said it would go beyond its existing commitment to reduce carbon emissions 50% by 2030 and […]

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Duke Energy, American Electric Power Separately Seeking to Go Net-Zero Carbon by 2050

Credit to Author: Sonal Patel| Date: Thu, 19 Sep 2019 14:11:08 +0000

The post Duke Energy, American Electric Power Separately Seeking to Go Net-Zero Carbon by 2050 appeared first on POWER Magazine.

Two formidable U.S. coal power generators this week separately revised their their carbon dioxide emissions reduction targets. Duke Energy announced it would achieve net-zero carbon emissions by 2050. American Electric Power (AEP), meanwhile, said it would extend its target from 60% to 70% from 2000 levels by 2030, and by more than 80% by 2050—but […]

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