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 →
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.
The Volkswagen scandal has revealed the continuing disregard of major corporations to curb global emissions levels and participate in a systemic effort to incorporate green practices into their respective industries. VW was successful in deceiving the EPA and consumers by developing software that hid the emissions output of its Diesel fleet until the revelation of… Keep reading →
This article is part of the Energy.gov series highlighting the “Top Things You Didn’t Know About…” series. Be sure to check back for more entries soon. 6. Solar energy is the most abundant energy resource on earth – 173,000 terawatts of solar energy strikes the Earth continuously. That’s more than 10,000 times the world’s total energy use.… Keep reading →
The U.S. Department of Energy Solar Decathlon 2015 will kick off at Orange County Great Park in Irvine, California, On October 8. The nine-day collegiate competition challenges teams to design, build and operate energy-efficient solar-powered houses that are cost-effective and appeal to consumers. Not only does the competition produce some of the most stunning, creative… Keep reading →
From storm-resistant shelters to breezy dwellings that open like a flower, the solar-powered houses in the U.S. Department of Energy’s Solar Decathlon 2015 are as diverse and creative as the teams behind them. Each was inspired by the unique cultures, experiences and landscapes of its creators, who represent more than 20 colleges and universities around… Keep reading →
Comparisons are being made to the volatile markets of 1998 due to oil testing lows, the struggle of emerging markets and a strong a strong dollar that is threatening to knock over debt dominoes. [CNBC] The Australian region of Victoria is planning to fast-track the construction of 50 new wind turbines worth $200m, countering the fossil fuel friendly… Keep reading →
The Canadian government has spent several million dollars on a tar sands advocacy fund in its failed push to export oil, new documents have revealed. [The Guardian] CPS Energy CEO Doyle Beneby, who has pushed the San Antonio owned utility toward using cleaner energy sources, has announced his resignation. [San Antonio Express News] Chile mines… Keep reading →
On July 21, the Senate Finance Committee approved by a vote of 23 to 3 a bipartisan tax bill to renew for two years more than 50 expiring and expired tax provisions known as “tax extenders.”
