Category: Energy
U.S. Offshore Wind Faces Strong Gusts From Trump Executive Order; Shell Abandons Atlantic Shores Project
Summary Following President Trump’s executive order targeting the development of offshore wind power, one major company has already scrapped its U.S. offshore wind plans. The executive order is a significant setback for the industry, which has already been suffering from high project development costs associated with construction and financing. This executive order dampens developer/investor confidence…
Read MoreNYPA Board of Trustees Approves $400,000 for Energy Storage and Microgrid Training Program
Virtual Reality Training to Educate Utility Workforce on Operations and Maintenance of Energy Storage and Microgrid Systems Residents of Disadvantaged Communities Eligible to Enroll in Tuition-Free ESAMTAC Trainings at 14 Locations Throughout New York WHITE PLAINS— The New York Power Authority (NYPA) Board of Trustees yesterday approved $400,000 in funding for the Energy Storage…
Read MoreNYPA Board of Trustees Approves Inaugural Strategic Plan for New Renewable Energy Generation in New York State
Renewables Strategic Plan Details First Tranche of Projects Across New York, Enough to Power 2.5 to 3 Million Homes Plan Stems From 2023-24 State Budget Enactment for Expanding NYPA’s Renewable Power Role WHITE PLAINS—The New York Power Authority (NYPA) Board of Trustees today approved its first strategic plan for expanding renewable energy resources…
Read MoreResearchers from Incheon National University Propose Novel Approaches for Improved Microgrid Management
“Rural electricity” by kevin dooley A new optimization model improves microgrid operation, enhancing energy efficiency and ensuring reliable power supply Scientists at Incheon National University have developed a new optimization model to improve microgrid operation. This model adapts to unexpected changes in power supply and demand, ensuring stable and efficient energy systems. By…
Read MoreHydrogen economy development enters critical phase, says GlobalData
The hydrogen economy has recently experienced some hiccups in its growth story. Apparently, demand for this commodity is not rising at the pace it was envisaged back in 2020 when companies had aggressively announced their energy transition plans. As more industries, such as steel, transportation, and power, try to decarbonize their operations, the demand for…
Read MoreGlobal Grid Digitalization Investment to Hit US$150 Billion by 2030 Amid Growing Demand for Energy Capacity and Flexibility
Investments in energy grid modernization and digitalization have not kept pace with energy demands and requirements over the past years. Given rapid electrification and the ongoing energy transition toward net zero, spending on grid digital transformation needs to accelerate. According to a new report from global technology intelligence firm ABI Research, aggregated worldwide investments in grid…
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