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There will be a “doubling of the pace” of offshore wind deployments in the U.K. over the next decade to reach an industry target of 30 gigawatts by 2030, according to Matthew Wright, managing director at Orsted A/S.
Adoption of electric vehicles can make fuller use of the existing infrastructure across the U.S. and therefore “reduce the unit cost of electricity for everyone”, according to Patricia Poppe, president and chief executive at CMS Energy Corp.
The coming era of unsubsidized wind and solar projects is likely to see companies with large balance sheets such as oil and gas majors and utilities stepping in to cover the electricity price risk and so helping make those plants financeable.
Oracle Utilities released the latest version of its Opower customer engagement platform for utilities, adding features intended to give customers more power over their energy use and utilities more information about the systems they operate.
Bootstrap Labs, a California-based venture-capital investor focused on finding startups that apply artificial intelligence to industrial problems, is turning its attention to the energy sector.
Power providers and regulators in the U.S. are facing major challenges as the electrical grid evolves, the leader of the Smart Electric Power Alliance said.
A new breed of “flexible electricity demand” projects in areas such as water purification and hydrogen electrolysis could prosper in the coming era of plentiful wind and solar generation, according to Allianz Global Investors.
Batteries, solar, wind and computing keep getting cheaper, opening up a new range of options for companies that buy and sell power.
Canada Pension Plan Investment Board has exceeded expectations for its new power and renewables group by investing more than C$3.5 billion ($2.6 billion) in its first year
For the first time in the history of U.S. electricity, a significant number of consumers have the ability to reduce or even eliminate their dependence on the centralized grid, thanks to ever-cheaper batteries combined with solar panels and wind power.
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