A joint venture owned by utility giant National Grid has secured $150 million in new credit to help grow its renewable energy investment over the coming years.
Emerald Energy Venture LLC secured its $150 million portfolio revolving facility structured by SMBC, which is also lead arranger and agent. The portfolio revolver can be expanded to $250 million midway through next year.
The new credit will allow National Grid’s EEV to fund construction of solar, battery storage and wind projects [...]
By Bill Ireland, Logan Energy
This year’s COP26 summit is widely viewed as one of the last chances to fulfil the 2015 Paris climate agreement and ensure meaningful progress is made towards tackling our net zero targets and the climate emergency.
Hydrogen is one of the energy solutions that can significantly address climate change and has a vital role to play in decarbonization. In the last decade, green hydrogen in particular has shown great promise as [...]
Energy powerhouses, Ernest Moniz and Lynn Good, talk politics, R&D, stakeholder engagement, transmission, EVs and a host of other topics around the future of energy in the US.
On Tuesday, March 30, the Washington Post’s David Ignatius presented the Washington Post Live, sponsored by GE, where he talked with energy leaders in a session called “The Future of Energy.” Former Secretary of Energy, Ernest Moniz, and CEO of Duke Energy, Lynn Good, were two of his guests, bringing with the [...]
This week, Xcel Energy announced plans to retire its last two coal plants in the Upper Midwest a decade earlier than scheduled. The acceleration of the coal closures is part of the company’s clean energy transition that includes expanding wind and solar, using natural gas and operating its Monticello nuclear plant until at least 2040. [...]
Distributed Energy Resources (DER), such as residential solar panels, are not only changing the way energy systems operate, they also present an opportunity to change the way local communities operate by giving consumers the ability to sell excess energy, generated by microgrids or renewable set-ups, to their neighbors – it’s the new energy paradigm. [...]
Colorado is in the middle of a dynamic evolution in the generation and delivery of electricity because customers are demanding choices and direct participation in how energy is generated and managed. They want to benefit from lower prices, cleaner air and greater autonomy. Colorado’s citizens – and in turn the utilities that serve them […]
The post Competitive Markets: Cleaner Future – COSEIA’s 7 Principles on How To Get To 100% Clean Energy by 2040 appeared firs [...]
Motivating young people to take an interest in renewable energy and engineering is critical to our sustainable, long-term energy future. In this episode, hear how one program provides that inspiration with remote controlled solar cars, with guests Noah Davis, executive director of Solar Rollers, and Jayvin Krzych, a Solar Rollers alumn and engineering student. [...]
The accumulation of dirt on solar panels has been proven to reduce their efficiency significantly, placing a heavy burden on owners to keep the panels clean in order to ensure project viability. U.K.-based Opus Materials Technologies says it has received funding that will help it validate a new coating that will allow solar panels to clean themselves. [...]
Twenty years ago, the problem with rooftop solar was that customers needed a large collection of lead acid batteries to store their daytime energy and use this energy at night. But simple net metering rules made it possible for the electric grid to function as a 100 percent efficient storage device. [...]
Intersolar and ees North America 2017 concluded its 10th annual event in San Francisco last week. The event organizer said attendees and exhibitors were optimistic, as they engaged in meaningful conversations about the best approaches for sustained market success, despite a year of industry consolidation and trade policy uncertainty. [...]
As the private sector increasingly takes on the task of installing solar PV in China, growth is happening quickly. Last year China installed more solar capacity than any other country in the world at 34 GW, beating the US's 14 GW and Europe's 6.9 GW. [...]
Without proper planning now, it is likely that interconnection issues could emerge as a “significant blockade” to the success of energy storage programs in the U.S., much like the industry has seen with newly launched solar programs, according to a report released this week by the Interstate Renewable Energy Council (IREC). [...]
The solar industry is one of our most obvious success stories. Our industry directly employs 261,000 people. We generate energy that is both clean and renewable. And we generate this energy at prices that are less than conventional utility power — as low as 6 cents per kwh. [...]