Chart: Wind and solar overtook coal on the US grid in 2024
Dec 20, 2024 · Canary Media’s chart of the week translates crucial data about the clean energy transition into a visual format. Canary thanks Clean Energy Counsel for its support of the column.. In a first for the country, solar and wind generated more electricity than coal over most of 2024.The two renewable energy sources provided a record 17 percent of U.S. electricity from January to November, while ...
Was 2024 a breakout year for next-generation… | Canary Media
Dec 20, 2024 · Worldwide, next-generation geothermal might represent as much as 800 GW of clean electricity capacity by 2050 — or roughly 50 times the world’s current geothermal capacity, according to a new analysis by the International Energy Agency and Project InnerSpace, which advocates for geothermal heat and power use globally.. For all of the progress in 2024, the geothermal industry still faces ...
Chart: Nearly all new US power plants built in 2024… | Canary Media
Feb 23, 2024 · The latest federal forecast for power plant additions shows solar sweeping with 58 % of all new utility-scale generating capacity this year. In an upset, battery storage will provide the second-most new capacity, with 23 %. Wind delivers a modest 13 %, while the long-delayed final nuclear reactor at Vogtle in Georgia will add 2 % of new capacity, assuming it …
Enel X Way abandoned its US EV charging customers.… | Canary …
Oct 23, 2024 · There’s no good way for a company to abandon its customers. But Enel X Way, the EV-charging subsidiary of Italian utility and energy conglomerate Enel Group, may have picked the worst way to go about it — and critics say it’s running out of time to choose a better path.. On October 2, Enel X Way abruptly announced it was shutting down its North American charging business.
California’s rooftop solar is a benefit, not a cost,… | Canary Media
Nov 15, 2024 · Utilities across the country have used this same cost-shift argument to fight various state-level policies that benefit rooftop solar. The aim is typically to water down or roll back net-metering programs, which pay customers for the power their rooftop solar systems send back to the grid.. Rooftop solar supporters dispute the cost-shift argument, which originated from the Edison Electric ...
The biggest grid storage project using old batteries… | Canary Media
Nov 21, 2024 · Texas project installed, manufacturing in the works. When we first spoke in late 2022, Stratakos planned to build the Texas plant in 2023 and start shipping the remainder of its battery stockpile in 2024.. The actual installation process turned out to be “ a learning experience,” Stratakos told me last week, meaning it took longer and cost more than initially planned — “ …
Puerto Rico closes $861M DOE loan guarantee for huge… | Canary …
Oct 15, 2024 · The federal government has just finalized an $ 861 million loan guarantee to fund what will be Puerto Rico’s largest utility-scale solar and battery storage installations. In July, the Department of Energy’s Loan Programs Office announced a conditional commitment to finance two solar-plus-storage facilities on the southern coast of the island, plus two standalone battery energy storage ...
Chart: US solar installations hit record high, but… | Canary Media
Dec 6, 2024 · That’s because this year’s “ uniquely high” installations were driven by the expiration of a two-year moratorium on tariffs targeting solar panels made in Southeast Asia, S & P wrote. That pause, which ended in June, allowed companies to stockpile cheap panels, but developers were required to use up that inventory by December 3 to avoid paying duties.
Will Trump’s plan to kill the EV tax credit help China?
Nov 25, 2024 · Fewer qualifying EVs in 2025 would mean less money flowing from taxpayers to EV buyers. This, in turn, would reduce the savings Republican lawmakers might expect from eliminating the 30 D credit. The GOP is expected to aggressively seek spending cuts to help offset the costs of extending the 2017 tax package passed during the first Trump administration.. In October, the Treasury Department ...
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