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Five Renewable Energy Trends to Follow in 2020

Renewable energy solutions are showing no signs of slowing down as the world pivots towards sustainability and more conscious consumption in the face of burgeoning climate change. Both the public and private sectors now have high stakes in the development of modern technology connected with the generation, distribution, and popularization of…

U.S. Renewable Energy Consumption Hits Record

Renewable energy consumption in the United States continued to rise for the fourth year in a row in 2019, with wind energy and wood and waste energy each accounting for 24 percent of all renewable energy used in America, the Energy Information Administration (EIA) said on Monday. Last year, U.S. consumption of renewable energy reached a…

GM to invest $2 billion in Tennessee factory so it can build electric vehicles

General Motors is investing $2 billion in its Spring Hill, Tennessee, factory so it can begin building electric vehicles. The Spring Hill plant will be equipped to build the new Cadillac Lyriq electric SUV, making it the third GM factory capable of building electric vehicles, the automaker said Tuesday. The factory currently builds two gasoline-powered…

We are committed to investing in the US, our employees, and our communities. These investments underscore the success of our vehicles today, and our vision of an all-electric future.

GM Chairman and CEO Mary Barra

Asia-Pacific’s renewable energy capacity set for 58% growth over five years, driven by solar

Installed capacity of renewable energy in the Asia-Pacific region is set for a major boost in the next five years, to 815 gigawatts (GW) in 2025 from 517 GW this year, a Rystad Energy analysis shows. The frontrunner in this growth will be solar energy, whose regional capacity will nearly double to 382 GW from 215 GW in 2020, surpassing even the…

Renewable energy growth has led engineering, procurement, construction and installation (EPCI) service providers in the region and Asian fabrication yards to fast-track their energy transition plans to actively target low-carbon markets and tender for such contracts.

Lin Lin Goh, senior energy service research analyst at Rystad Energy

Western Australia govt okays 15-GW wind, solar mega-project

The government of Western Australia said it has granted state environmental approval for the 15-GW first stage of the Asian Renewable Energy Hub, a massive wind and solar power project planned for the Pilbara region. In the long term, the project will reach 26 GW of renewables and incorporate green hydrogen and ammonia production for…

Fossil fuels are rapidly losing favour with investors

Everyone has heard of ExxonMobil, one of the world’s biggest companies exploiting fossil fuels and a common target for those battling global warming and catastrophic climate change. But does the name NextEra Energy ring any bells? In terms of stock market value, the Florida-based company – which describes itself as the world’s largest…

Today hundreds of billions of dollars of capital are flowing into clean energy. That bucket for investors is not about policy. It’s about where you can get the biggest return.

Bruce Usher, a professor at Columbia Business School in New York

COVID-19 renewable energy response in Africa ‘meager’

As of June this year, only three Africa countries, Burkina Faso, Kenya and Nigeria promoted the use of renewable energy to control the challenges COVID-19 triggered in the sector, a study says. According to the study, COVID-19 has severely hit Africa’s energy sector, stalled the construction of new projects and is thus threatening to reverse the progress…

These incentives have taken a toll on the revenue of power utilities, which pose challenges to the security of supply because revenue is needed for operation and maintenance as well as new projects.

Mark McCarthy Akrofi, a co-author of the study and a researcher at the Institute of Water and Energy Sciences, Pan African University, Algeria

Uganda’s quest for sustainable energy poses fresh environmental threats

A flurry of oil and gas discoveries along Uganda’s western border has lured dozens of investors seeking to develop sub-Saharan Africa’s largest oil discovery in decades. However, renewed interest in the once-neglected Lake Albertine rift basin is also creating new problems — tilting the region’s energy needs towards fossil fuels, channeled through the…

Power Purchase Agreements for Offshore Wind, and Role in Project Financing

While a signed power purchase agreement (PPA) with one or more utilities is a “must-have” for a project developer to finance an offshore wind project in development, the challenges for offshore wind extend far beyond a financeable PPA. A significant part of the financing cost of a project is based on the perception of financial risk and…

Canadian Solar will retrofit 300MWh of batteries at Goldman Sachs’s Mustang Solar plant, California

Vertically integrated solar PV company Canadian Solar will install 75MW / 300MWh of battery energy storage at an existing California solar power plant owned by Goldman Sachs Renewable Power. Canadian Solar’s project development subsidiary Recurrent Energy actually developed and then sold the 100MW / 134MWp Mustang…

A Renewables-Led Recovery: Sustainable Energy ETFs

Renewable energy exchange-traded funds, including the ALPS Clean Energy ETF (ACES), don’t lack for catalysts, but more could be on the way as some market observers see clean energy industries playing vital roles in the U.S. economic recovery. ACES follows the CIBC Atlas Clean Energy Index. That benchmark is comprised of U.S. and…

Wind and solar power have become even cheaper compared to fossil fuels in the past year, making them an attractive way to stimulate economies recovering from the Covid-19 pandemic, according to Lazard Ltd.

Naureen Malik for Bloomberg

Facebook, Carnegie Mellon leverage AI to enhance energy storage scalability

Artificial intelligence is being used for a broad range of power sector applications, from predictive maintenance for utilities to enhancing cybersecurity. In this case, it’s being applied to computationally-intense tasks for basic research. According to Zitnick, large-scale deployment of lithium-ion batteries…

To achieve this, we are developing AI that will accurately predict atomic interactions dramatically faster than the compute-heavy simulations scientists rely on today.

Facebook research scientist Larry Zitnick

Scientists build first redox flow battery made of all-organic materials

As a storage solution for renewable energy, scientists see great potential in what are known as redox flow batteries, which hold energy in large tanks rather than compact electrode materials. A new design from Sweden’s Linköping University is a decidedly green version of this technology, swapping out scarce metals and synthetic polymers for…

Since both electrodes, membrane and reactants are organic‐based, we can truly claim the first “all‐organic” redox flow batteries.

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