Renewables
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Freyr Battery enters solar manufacturing, buys 5-GW plant from Trina Solar
Freyr will pay $340 million for the Wilmer, Texas, facility. It also plans to begin construction next year on another 5-GW solar manufacturing facility.
By Diana DiGangi • Nov. 7, 2024 -
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2024 ElectionsClean energy, sustainable investors brace for second Trump presidency
Experts expect private sector work on ESG issues and the clean energy transition to continue, albeit at a slower pace, under a reelected Donald Trump.
By Lamar Johnson • Nov. 7, 2024 -
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TrendlineThe Energy Transition to Renewables
New policy and business actions are giving a significant boost to renewable energy in the U.S., but opposition is growing and grid interconnection, permitting, labor and other challenges remain.
By Utility Dive staff -
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2024 ElectionsAnalysts see ‘a real fear in the market’ as renewable energy stocks plummet on election results
Tariffs and other policy actions favored by Trump could drive renewable energy prices higher over the next four years, industry analysts say.
By Emma Penrod • Nov. 7, 2024 -
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2024 ElectionsWhat Trump’s reelection could mean for the IRA, offshore wind
President-elect Trump has vowed to repeal the Inflation Reduction Act and stop offshore wind development, but clean energy advocates say his administration could benefit from both.
By Diana DiGangi • Nov. 6, 2024 -
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2024 ElectionsTrump win is ‘setback’ for climate protection, but clean energy advocates say progress will continue
Trump’s victory means a Republican will be selected to lead FERC, which will likely work to reign in transmission incentives, said Tyson Slocum, director of Public Citizen's Energy Program.
By Robert Walton • Nov. 6, 2024 -
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North Carolina OKs Duke Energy plan to add 3.6 GW gas-fired capacity, 7 GW renewables
The company also plans to add 1,100 MW of battery storage, 1,834 MW of pumped storage hydropower and is working to place 600 MW of advanced nuclear generation into service by 2035.
By Diana DiGangi • Nov. 5, 2024 -
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Stem revenue falls sharply due to bad debt charge, lower battery hardware bookings
The company recently announced key leadership changes and a pivot to software and services amid unexpected challenges for its clean energy hardware procurement strategy.
By Brian Martucci • Nov. 4, 2024 -
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ENGIE strikes deal with Meta to supply 260 MW of solar
The project is located in Milam County, Texas, and will supply power to a Meta data center 10 miles away in Temple.
By Diana DiGangi • Oct. 31, 2024 -
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Avangrid, Invenergy subsidiaries secure BOEM’s first-ever Gulf of Maine offshore wind leases
Four lease areas with a total potential capacity of 6.8 GW were sold to Avangrid Renewables and Invenergy NE Offshore Wind for over $21.9 million, a drop from the $93 million netted in the previous offshore wind lease sale.
By Diana DiGangi • Oct. 30, 2024 -
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Wind and solar lead accelerating LCOE drop for renewable energy: WoodMac
In North America, renewable technologies’ levelized cost of electricity "declined by 4.6% in 2024, underpinned by a 4.2% drop in capital costs,” Wood Mackenzie said.
By Diana DiGangi • Oct. 28, 2024 -
Retrieved from U.S. Geological Survey.
Arkansas could be a lithium treasure trove
The state’s Smackover Formation region may contain up to 19 million tons of the critical mineral, more than enough to meet projected global demand in 2030.
By Kate Magill • Oct. 28, 2024 -
Mario Tama/Getty Images via Getty Images
Final IRS guidance for semiconductor tax credit includes solar ingot and wafer manufacturing
“The White House is wisely addressing the fact that the overwhelming majority of solar panels manufactured in the world are done so by companies in China,” said Danny O’Brien, president of corporate affairs at Qcells.
By Diana DiGangi • Oct. 24, 2024 -
Retrieved from NextEra Energy website on October 24, 2024
NextEra CEO ‘not bullish’ on SMRs as company assesses potential Duane Arnold restart
“There are only a few nuclear plants that can be recommissioned in an economic way,” and newer technologies like small modular reactors remain financially infeasible, CEO John Ketchum said.
By Emma Penrod • Oct. 24, 2024 -
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OpinionUtilities’ hidden clean energy tax is at the heart of our energy challenges
Ending utility self-funding is central to FERC’s efforts to change utilities’ incentives and push them to tackle more ambitious high-voltage projects.
By Ari Peskoe • Oct. 24, 2024 -
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OpinionAmid hurricanes and wildfires, the legacy grid, not clean power, is failing local communities
The latest bout of extreme heat is proving that we can increasingly and reasonably rely on renewable energy and storage to save us from catastrophic power outages even as the planet warms.
By Akshat Kasliwal and Anirudh Mathur • Oct. 23, 2024 -
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Renewable PPA prices continue to rise — and may do so through 2030, say LevelTen, Ascend analysts
Project delays, tariffs and a new round of supply shortages pushed renewable energy prices higher in the third quarter of 2024.
By Emma Penrod • Oct. 22, 2024 -
Permission granted by Fervo Energy
Interior approves 2-GW Fervo Energy geothermal project in Utah
The Bureau of Land Management also proposed a categorical exclusion to NEPA that would streamline the permitting process for some geothermal projects.
By Diana DiGangi • Oct. 21, 2024 -
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King Energy secures $10M for rooftop solar financing model
The company, which installs solar panels on unused roof space, provides commercial property owners with a “simple, no-nonsense way” to trim operational costs and carbon footprints, CEO John Witchel said.
By Joe Burns • Oct. 21, 2024 -
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Sponsored by SAPPrivate equity and renewable energy: How investors can set themselves up for digital transformation success
Private equity is driving renewable energy's future - learn how digital transformation fuels success.
By Mark Hollis, Industry Executive Advisor, Renewable Energy & Utilities • Oct. 21, 2024 -
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IBM acquires Prescinto to bolster renewable energy asset management capabilities
The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.
By Lamar Johnson • Oct. 18, 2024 -
Permission granted by Esme Howland
FERC bars payments for ‘deadband’ reactive power, plus 4 other open meeting takeaways
Renewable energy trade groups, Public Service Enterprise Group and other generators opposed the agency’s decision on reactive power.
By Ethan Howland • Oct. 18, 2024 -
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JPMorgan Chase, Capital One commit $260M to Arizona solar project
The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.
By Lamar Johnson • Oct. 17, 2024 -
Courtesy of SolarCycle.
Solarcycle reaches panel recycling agreement with Runergy Alabama
Solarcycle will both recycle Runergy’s decommissioned panels and provide the manufacturer with glass for new panels via its Georgia facility, which is slated to open in 2026.
By Jacob Wallace • Oct. 17, 2024 -
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IRA likely insulated US renewables developers from falling profit margins: Baringa
The U.S. renewables sector should return to a trend of increasing profit margins and declining levelized energy costs within the next year or two — with some caveats, said Caspian Conran, a lead economist at Baringa.
By Emma Penrod • Oct. 17, 2024 -
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States sped ahead on offshore wind in Q3 while private investment slowed: report
States are pushing ahead with new offtake agreements and procurement rounds while private investment has dwindled in the run-up to the U.S. presidential election, the Oceantic Network said in a market report.
By Diana DiGangi • Oct. 17, 2024
