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Tumble in Storage Battery Costs to Boost Shift to Renewables, Says IEA

Batteries, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News / By

A drone view shows California’s largest battery storage facility, as it nears completion on a 43-acre site in Menifee, California, U.S., March 28, 2024. REUTERS/Mike Blake The slide in battery costs will also help provide electricity to millions of people without access, cutting by nearly half the average electricity costs of mini-grids with solar PV …

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Losing Hope of Rescue, Some European Solar Firms Head to U.S.

Latest, Renewable Energy, Solar, US News / By

(Reuters) – European governments due to move to support their solar power manufacturers this week will be too late to stop solar panel maker Meyer Burger packing up a German factory to send production to the United States. The plant in Freiberg in eastern Germany closed in mid-March with the loss of 500 jobs, as …

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U.S. Surpasses Renewable Energy Goal for Public Lands

Latest, Renewable Energy, Solar, US News, Wind / By

(Reuters) – The Biden administration on Thursday said the U.S. had surpassed a goal of permitting more than 25 gigawatts of clean energy projects on public lands by 2025 and finalized a plan to slash project fees for wind and solar energy on federal acreage. WHY IT’S IMPORTANT The announcement marks the latest effort by …

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Renewables Growth Still Lags Climate Targets, Think Tank Says

CDN and International News, Latest, Renewable Energy, Solar, Wind / By

(Reuters) – The world added less than half of the new renewable energy capacity needed to meet its climate goals last year, with rising energy demand and weak grid infrastructure slowing the shift from fossil fuels, a leading think tank said on Thursday. Global renewable capacity additions increased by 36% last year to reach around …

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Biden Administration Awards $20 Bln for Clean Energy Investment in Low-Income Communities

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(Reuters) – Vice President Kamala Harris and Environmental Protection Agency Administrator (EPA) Michael Regan on Thursday announced eight organizations that will oversee the spending of $20 billion in grants to fund tens of thousands of clean energy and transportation projects in disadvantaged communities across the United States. The $20 billion, made available through the $27 …

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U.S. Climate Law Has Boosted Solar, Batteries; Hydrogen, Other Initiatives Lag

Energy Topics & Technology, Hydrogen, Latest, Renewable Energy, Solar, Tri-Pinned, US News, Wind / By

The U.S. has doubled the pace of cutting carbon emissions since President Joe Biden’s Inflation Reduction Act (IRA) passed in 2022, analysts and scientists said, with more than 80 solar, wind and energy storage projects taking advantage of the law’s mix of direct payments and tax credits. The IRA and the Bipartisan Infrastructure Law last …

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U.S. Solar Factories Need More Government Support to Succeed, Report Says

Latest, Renewable Energy, Solar, Tri-Pinned, US News / By

(Reuters) – U.S. efforts to build a domestic supply chain for solar energy components is stalled and will require urgent government action to support the factories needed to compete with China, according to a report published on Wednesday. The analysis by Guidehouse Insights, commissioned by the Solar Energy Manufacturers for America Coalition, said existing federal …

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Big Oil Executives Push Back Against Calls for Fast Energy Transition

Conventional Energy, Latest, Natural Gas, Oil, Pinned Primary, Renewable Energy, Solar, US News, Wind / By

Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas. Big oil companies including BP and Equinor have written down renewable energy projects and others have been forced to …

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US Solar Installations to Benefit from Inflation Reduction Act in 2024, Report Says

Latest, Renewable Energy, Solar, US News / By

Reuters (Reuters) – The U.S. solar industry is expected to continue its momentum in 2024 after accounting for over 50% of new electricity capacity additions to the grid last year, according to a report published by Wood Mackenzie and the Solar Energy Industries Association on Wednesday. Companies and residents have aimed to capitalize on U.S. …

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