Committee chairman Sen. Joe Manchin (D., W. Va.) and other members spoke about the grid needing to rely on fossil fuels longer than expected and attendant delays to the transition to emissions-free energy, upsetting a major part of President Biden’s climate change agenda.

Australia stands on the precipice of an impending power shortage crisis, set to hit households and businesses along its eastern coastline by 2027.

According to a 2021 McKinsey report, we’ll need more than 1.5 TW of long-duration storage by 2040 to maintain grid reliability.

Already in mid-April, August power prices for Dallas soared to $168.70 a megawatt-hour, which was the highest level in five years for this time of the year,

There is a growing political focus on the need to develop renewables, with countries agreeing at the COP28 climate summit in December to work towards tripling capacity to 11,000GW by 2030. 

Consumer involvement in distribution network operations will be beneficial for both consumers and Distribution Companies (DISCOMs).

There are many reasons the U.S. utility grid requires an estimated $2.5t upgrade by 2035, from crumbling infrastructures to keeping up with the increased demand of electrification efforts, all balanced against increasingly volatile weather events.

the world’s 60 largest lenders had provided around $705bn in financing in 2023 alone.

Production decreased 0.4% in March, led by drops in consumer and intermediate goods, and energy, the statistics office said Wednesday.

The package will introduce tax incentives worth A$7 billion for the processing and refining of 31 critical minerals and A$6.7 billion for renewable hydrogen production from the fiscal year ending June 2028 to the 2039-40 fiscal year.