AES, one of the world’s largest energy companies worth some $37 billion, operates 35,000 megawatts in power plants across the globe. However, within a few weeks, this will all change. By acquiring sPower, this M&A transaction poses a new trend to the renewable energy sector: purchasing larger portfolios verses a project management approach to grow… Keep reading →
DNV GL, an international consultancy group based in Norway, has claimed to have found the key to implementing grid-connected energy storage networks and systems. What has been called a “multi-stakeholder” approach involves different parties utilizing battery-stored energy at different times. This research has been conducted in conjunction with Peeks, a commercial aggregator in the business… Keep reading →
Oklahoma’s former Attorney General has been confirmed by the U.S. Senate to lead the EPA in the face of heated debate, divisive controversy, and questionable loyalty. This week Senate confirmation hearings approved Scott Pruitt to serve as the chief of the EPA and left many disgruntled Democrats and environmentalists. Pruitt’s confirmation did not pass easily… Keep reading →
Julia St. Germain, Breaking Energy Staff
Parker Hannifin (NYSE: PH), an American energy company, recently announced the completion of the Cochrane energy storage facility, a project undertaken with AES Gener. The partnership with the Chilean energy producer and supplier has resulted in a large plant located Mejillones, Antofagasta, Chile. The facility will provide spinning reserve and grid reliability services to Northern Chile, part of the Norte Grande Interconnected System. This system in particular primarily provides energy to the country’s mining operations, which take place in the north. The facility can provide 20 megawatts of energy storage.
Amid the flurry of news leading up to the inauguration of President Trump, Treasury Secretary nominee Steven Mnuchin said last week that he supports the existing phaseout of the Production Tax Credit (PTC) for wind energy.
As President Donald Trump’s nominee for U.S. Secretary of Agriculture, former Georgia Gov. Sonny Perdue would also be in charge of the U.S. Department of Agriculture’s Rural Development Office and renewable energy programs.
The alphabet soup of solar industry organizations just got a little bit less cluttered.
The Bureau of Land Management (BLM) has finalized a rule that creates a new competitive leasing process and incentives for solar and wind energy development on public lands.
West of the Rocky Mountains, the electricity mix in the U.S. and Canada looks something like Western Europe, a lot of gas, coal, and hydroelectric generation.
The power and energy regulatory environment is in a high state of flux in California amidst increasing integration of distributed renewable energy generation.
