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Companies Ask World Leaders at UN to Follow Through on Renewables Targets

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By Valerie Volcovici and Simon Jessop NEW YORK, Sept 23 (Reuters) – Executives from several major companies urged world leaders on Monday to follow through on an international agreement, made at the COP28 summit in Dubai last year, to triple renewable-energy capacity by 2030 to fight climate change. Companies including massive energy-user Amazon.com (AMZN.O) and …

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U.S. Solar Jobs Rise 6% in 2023, Study Says

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(Reuters) – U.S. solar industry jobs rose 6% last year to nearly 280,000, their highest level ever, according to an annual study known as the National Solar Jobs Census published on Monday by the nonprofit Interstate Renewable Energy Council. WHY IT MATTERS Solar-generated electricity is one of the fastest-growing segments of the U.S. energy industry …

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High Fossil Fuel Use Highlights U.S. Power Transition Challenge

Conventional Energy, Hydro, Latest, Natural Gas, Nuclear, Oil, Renewable Energy, Solar, US News, Wind / By

(Reuters) – Fossil fuels continue to rule the roost in the United States’ power sector, despite clean energy sources being rolled out at the fastest pace in history. For the past decade, U.S. power generators have prioritized clean power sources over fossil fuels, and since 2014 they have lifted clean electricity generation capacity by over …

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U.S. to Spend $7.3 Billion on Rural Clean Energy Projects

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(Reuters) – President Joe Biden’s administration on Thursday said the U.S. will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by rural electric cooperatives. The 16 funded projects will reduce energy costs and increase reliability for rural Americans, who tend to pay more for energy, the White House said. …

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BP Stock Falls Behind Shell as Investors Shy Away From Green Energy

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BP shares have slumped 12% since the end of March, while Shell has risen 3.4% Bloomberg News London’s old-school oil stocks are no longer moving in tandem, as BP Plc underperforms Shell Plc due to concerns over the former’s green-energy transition and the outlook for earnings and shareholder payouts. August is set to mark the fifth-straight month that BP …

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U.S. Bankruptcy Court Approves Stalking Horse Bid for SunPower Assets

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(Reuters) – A U.S. bankruptcy court judge approved on Thursday a $45 million bid for the assets of failed residential solar company SunPower by rival Complete Solaria. WHY IT’S IMPORTANT Approval of the “stalking horse” bid means California-based Complete Solaria will snap up SunPower’s major assets if no higher offers emerge in the coming weeks. …

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Trump Would Axe Biden Clean Power Rules, Speed Power Plant Approvals, Campaign Says

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

Donald Trump would rescind many of President Joe Biden’s clean energy rules while also speeding approvals of power plants to meet the nation’s rising electricity demands, the Republican’s presidential campaign said on Thursday. Should he win the Nov. 5 election, Trump would axe clean energy regulations of Biden and his opponent, Vice President Kamala Harris, …

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Biden Administration Finalizes Solar Lands Plan, Touts Permitting Progress

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(Reuters) – U.S. President Joe Biden’s administration said on Thursday it had finalized a plan to expand solar energy on federal lands in 11 western states, part of a broader push to speed the permitting and construction of big infrastructure projects. The White House wants to accelerate approval of projects ranging from power transmission to …

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Global Solar Generation Overtakes Wind for Longest Ever Stretch

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By Gavin Maguire LITTLETON, Colorado, Aug 29 (Reuters) – Global electricity generation from solar farms has exceeded generation from wind farms since May, marking the longest ever stretch when solar power has been the top source of utility-scale renewable electricity worldwide. Solar electricity generation exceeded wind generation in May by 1.65 terawatt hours (TWh), and …

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U.S. Clean Energy Jobs Growth Rate Double That of Overall Jobs, Report Says

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

(Reuters) – Jobs in the U.S. clean energy industry in 2023 grew at more than double the rate of the country’s overall jobs, and unionization in clean energy surpassed for the first time the rate in the wider energy industry, the Energy Department said on Wednesday. Employment in clean energy businesses – including wind, solar, …

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