The POWER Interview: A Renewed Shift in Energy Investing

Credit to Author: Darrell Proctor| Date: Thu, 10 Nov 2022 15:47:23 +0000

Companies involved in energy production continually look to maximize their investments, and today are tasked with navigating increasingly volatile energy markets. These companies must choose where and how to compete as the world transitions to a low-carbon future. Where are the best opportunities for investment? How important is seeking out positions that reduce exposure to […]

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Idiot or Maniac: Where Does Your Power Company Fit in the Discussion?

Credit to Author: Aaron Larson| Date: Tue, 01 Nov 2022 04:16:00 +0000

It’s kind of exciting to be able to write that events are back in full swing. In case you missed it, POWER hosted the co-located Experience POWER, Distributed Energy Conference, and HydrogeNext events, Oct

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History of Power: Dominion Energy’s Fluid Transition

Credit to Author: Sonal Patel| Date: Tue, 01 Nov 2022 04:15:00 +0000

A company that has corporate roots that go back to the Colonial era, Dominion Energy has been shaped by acquisitions and market forces. It is now in the midst of an extraordinary transformation to expand its

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Evolving Extreme Weather Risks Posing Unprecedented Insurance Woes for Renewables

Credit to Author: Sonal Patel| Date: Tue, 18 Oct 2022 14:34:57 +0000

Unexpectedly steep financial losses suffered by the U.S. renewables market owing to a barrage of extreme weather events over the past summer suggest that project hardening strategies aren’t going far enough, a major renewables insurer is warning. GCube, an international insurer for wind, solar, wave, hydro, and tidal projects around the world in an update […]

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GE Will Cut 20% of U.S. Onshore Wind Workforce

Credit to Author: Darrell Proctor| Date: Fri, 07 Oct 2022 16:54:35 +0000

General Electric (GE) has notified staff that it plans to lay off about 20% of the workforce in its U.S. onshore wind business. A report from NASDAQ this week said the cuts are part of a plan to restructure and resize the onshore wind division, as the group “is grappling with weak demand and rising […]

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Netherlands Commissions Country’s Largest Energy Storage System

Credit to Author: Darrell Proctor| Date: Fri, 07 Oct 2022 14:35:38 +0000

An energy storage system (ESS) co-located with solar and wind power assets is now online at a research center in the Netherlands. The project, commissioned in a ceremony on Oct. 6, is a 24-MW/48-MWh that includes equipment from the Wärtsilä technology group. The GIGA Buffalo battery installation is at the Wageningen University & Research test […]

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Balancing the Scales: Disparities in Decommissioning Practices for Renewable and Non-Renewable Energy

Credit to Author: Janique Williams| Date: Thu, 06 Oct 2022 19:02:05 +0000

There have been historic initiatives within the U.S. to create a sustainable energy economy and to address major environmental concerns created by fossil fuels. The Inflation Reduction Act contains $369 billion in climate and energy provisions, which will have a meaningful impact on climate change. Meanwhile, the Bipartisan Infrastructure Law seeks to remedy environmental issues […]

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Balancing the Scales: Disparities in Decommissioning Practices for Renewable and Non-Renewable Energy

Credit to Author: Janique Williams| Date: Thu, 06 Oct 2022 19:02:05 +0000

There have been historic initiatives within the U.S. to create a sustainable energy economy and to address major environmental concerns created by fossil fuels. The Inflation Reduction Act contains $369 billion in climate and energy provisions, which will have a meaningful impact on climate change. Meanwhile, the Bipartisan Infrastructure Law seeks to remedy environmental issues […]

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The Big Picture: Power Plant Additions Over the Decades [Infographic]

Credit to Author: Sonal Patel| Date: Mon, 03 Oct 2022 04:09:27 +0000

The deployment of new power plants in the U.S. over the past 14 decades has hinged on policies, markets, technologies, and new industry players. Every decade has presented its own state of multidimensional, multivariate complexity. The ongoing “energy transition,” which has been characterized by the addition of smaller, carbon-free resources, marks another pivotal period in […]

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Siemens Gamesa Will Cut Nearly 3,000 Jobs

Credit to Author: Darrell Proctor| Date: Thu, 29 Sep 2022 18:52:58 +0000

Renewable energy giant Siemens Gamesa announced it will cut nearly 3,000 jobs as the company tries to turn around its financial fortunes. The group in a statement on Sept. 29 said, “In order to realize the company’s projections for growth, Siemens Gamesa is working to strengthen specific areas within key leading markets to capitalize on […]

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