It is common knowledge that electric vehicles (EVs) are cleaner alternatives to conventional vehicles. However, their role in the energy transition extends beyond cutting direct emissions, underlining their crucial importance. This is why policymakers across the globe are dedicating efforts to make the massive deployment of EVs a reality. Under the International Renewable Energy Agency’s … Continue reading How your electric car can help power the energy transition
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ACP Statement on Department of Energy Proposal to Establish Federal Permitting of Electric Transmission
Today, American Clean Power Association (ACP) Vice President of Markets & Transmission Carrie Zalewski released a statement on the U.S. Department of Energy’s proposed rule to establish federal permitting of electric transmission: “Expanding our electricity transmission system is necessary to be able to deliver the affordable, reliable clean energy that American homes and businesses need. … Continue reading ACP Statement on Department of Energy Proposal to Establish Federal Permitting of Electric Transmission
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CO2 prices and wind energy production drive European electricity markets prices down in early August
During the first week of August, the European electricity markets prices as a result of increased wind energy production, lower CO2 and gas prices, and lower electricity demand in some markets due to cooler average temperatures. On August 2, Spain recorded its second largest solar photovoltaic energy production to date. The Brent futures reached their … Continue reading CO2 prices and wind energy production drive European electricity markets prices down in early August
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EDP Renewables secures its first stand-alone battery storage project in Europe
Acquired from Tupa Energy, the project will provide 2 hours of storage capacity and will contribute with 50 MW of capacity; With this project, the company will support the grid resilience by providing stability and reliability and will allow for an increased penetration of renewables in the generation mix. EDP Renewables (Euronext: EDPR), a leading … Continue reading EDP Renewables secures its first stand-alone battery storage project in Europe
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The heat wave causes the largest demand in this year in Spain and Italy and raises prices in European markets
The high temperatures registered during the third week of July caused 2023 demand records in Spain and Italy on the 19th and increases in other markets. In France, the weekly photovoltaic energy production was the highest in history, but in most markets the solar and wind energy production fell. All these factors, together with the … Continue reading The heat wave causes the largest demand in this year in Spain and Italy and raises prices in European markets
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Agreement on the sale of Hornsea 2 transmission assets
Breesea Limited, Soundmark Wind Limited, and Sonningmay Wind Limited, a joint venture owned by Ørsted (50 %) and AXA IM Alts and Crédit Agricole Assurances (CAA) (jointly 50 %), today announced that they have signed an agreement on the sale of their transmission assets to Diamond Transmission Partners Hornsea Two Limited (‘DTP’).DTP is a partnership … Continue reading Agreement on the sale of Hornsea 2 transmission assets
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Breakthrough technologies for the energy transition
The scale of the opportunity for low-carbon technologies is mind-boggling. Eliminating emissions from a global energy system that today is 80% dependent on fossil fuels will require multiple low-carbon sources of energy to be developed, and fast. The US$70 trillion of investment that we estimate is up for grabs over the next three decades to … Continue reading Breakthrough technologies for the energy transition
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Declining electricity consumption in advanced economies is weighing on global demand growth this year
Overall growth in electricity demand worldwide is expected to ease in 2023 as advanced economies grapple with the ongoing effects of the global energy crisis and an economic slowdown, according to the IEA’s latest Electricity Market Report. The report’s July update, published today, finds that electricity demand in the United States is expected to decline … Continue reading Declining electricity consumption in advanced economies is weighing on global demand growth this year
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HVDC Transmission Systems: A Key Player in Offshore Wind Energy Integration
HVDC transmission systems have emerged as a key player in the integration of offshore wind energy, a development that is reshaping the global energy landscape. This is a significant advancement in the pursuit of renewable energy sources, as the world grapples with the urgent need to transition from fossil fuels to more sustainable alternatives. Offshore … Continue reading HVDC Transmission Systems: A Key Player in Offshore Wind Energy Integration
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Clean Energy Keeps Texas Grid Resilient During Heatwave
The clean energy industry made record contributions to the electric grid in Texas, powering – and cooling – Americans’ homes while keeping costs low during the most recent heatwave, according to an ACP analysis and the latest data available. Between June 19 and June 30, renewable resources delivered an average of 30% of the electric … Continue reading Clean Energy Keeps Texas Grid Resilient During Heatwave
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Fall in European electricity markets prices in the last week of June
In the last week of June, prices of European electricity markets fell after three consecutive weeks of increases. This behaviour was favoured by the increase in wind energy production in all markets. In addition, although prices of gas and CO2 registered an upward trend in the last days of the week, on average they were … Continue reading Fall in European electricity markets prices in the last week of June
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Unveiling the impact of wind and solar variability on European power
The declining dominance of conventional price-setting generation has brought to light a fascinating trend: the influence of short-term fluctuations in wind and solar generation on power prices and revenue outcomes. With an increasing integration of variable power supply into larger systems, the need for market flexibility has become more pronounced. As the growth of correlated … Continue reading Unveiling the impact of wind and solar variability on European power
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Concentrated Solar Power, photovoltaic and wind energy in the penultimate week of June
European electricity markets: bullish prices due to increases in gas and CO2, but they stabilise with decreases at the end of the week. In the penultimate week of June, the increases in gas and CO2 prices at the beginning of the week and the increase in demand caused rising prices in the European electricity markets. … Continue reading Concentrated Solar Power, photovoltaic and wind energy in the penultimate week of June
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Iberdrola improves the New York electricity grid so that it can consume offshore wind energy
Iberdrola will help deliver renewable offshore wind power from the Long Island grid to New York City and Westchester County. The company will add approximately 90 miles (about 150 km) of new high-voltage transmission lines that will run the distance underground and underwater. The project will strengthen the backbone of Long Island’s electricity system and … Continue reading Iberdrola improves the New York electricity grid so that it can consume offshore wind energy
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Tackling Intermittency: The Crucial Role of Energy Storage in Wind Power
Wind power has emerged as one of the most promising sources of renewable energy, offering a clean and sustainable alternative to fossil fuels. As countries around the world strive to reduce their carbon emissions and transition to a low-carbon economy, the adoption of wind energy has gained significant momentum. However, one of the major challenges … Continue reading Tackling Intermittency: The Crucial Role of Energy Storage in Wind Power
Continue readingWind Farms and Grid Integration: Challenges and Solutions
Wind farms have emerged as a viable and sustainable source of renewable energy, playing a significant role in the global transition towards a low-carbon future. As the world moves towards adopting cleaner energy sources, the integration of wind farms into the power grid has become increasingly important. However, this process is not without its challenges, … Continue reading Wind Farms and Grid Integration: Challenges and Solutions
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Iberdrola announces an investment of 4,000 million euros in R+D+i until 2030
Iberdrola today held the ninth edition of its Digital Summit with more than 1,500 employees attending the event, held at the company’s campus in San Agustín del Guadalix (Madrid). The company’s commitment to digitalization is reflected in its commitment to double its investment in Innovation, Development and Research (R&D&I) over the last 10 years, with … Continue reading Iberdrola announces an investment of 4,000 million euros in R+D+i until 2030
Continue readingEuropean energy markets prices went down in the first week of June
In the first week of June, prices of most European electricity markets fell and some negative prices were registered, thanks to the decrease in demand and prices of gas and CO2, and to the increase of renewable energy production in some cases. However, prices rose in the Nord Pool and MIBEL markets, the latter being … Continue reading European energy markets prices went down in the first week of June
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OX2 and Ingka Investments enter conditional agreement with NKT for delivery and installation of export cables for two offshore wind farms in Sweden
OX2 and Ingka Investments enters into conditional agreement with NKT for delivery and installation of export power cables. NKT’s facility in Karlskrona will deliver the cables for the recently awarded Galene project in Sweden. The agreement also covers the Triton offshore wind farm. The agreement will enable OX2 and Ingka Investments to start realising the … Continue reading OX2 and Ingka Investments enter conditional agreement with NKT for delivery and installation of export cables for two offshore wind farms in Sweden
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Spain does not take advantage of the full potential of wind and solar energy due to lack of storage
The Spanish electrical system wastes an important – and growing – part of its potential for electricity from renewable sources. It is a fact that worries experts. The system dispenses with windmills or solar plants, or orders their operation to stop because there is not enough demand to absorb that supply. Given the current low … Continue reading Spain does not take advantage of the full potential of wind and solar energy due to lack of storage
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