The challenges today are not likely to end anytime soon. Market participants must adapt to the uncertainty, tightness of supply and fluctuating prices.

Over $8 Billion Available Through Prizes, Private Capital, and a Conditional Loan Commitment Will Expand Access to Cheaper, Cleaner Energy for American Families and Deploy Solar Power to Underrepresented Communities

Power Grid Corporation of India Limited (PGCIL) recently obtained approval to invest Rs.803 crore for electricity transmission projects in India.

Offshore wind is rapidly growing around the world, becoming a central part of international decarbonization and a vital part of coastal economies, and the domestic potential to harness offshore wind is now emerging.

Two camps, one led by Germany and the other by France, are fighting it out, each with a blocking minority on a specific point: Should low-carbon hydrogen be taken into account when measuring the efforts of member states to reach the target of 45% of renewables in their energy mix by 2030?

The key is reliable and independent data flows and communications between smart meters and the whole interconnected world of the smart electric utility of the future.

Renewable generation capacity increased by 295 GW (+9.6%) in 2022. Solar energy continued to lead capacity expansion, with a massive increase of 192 GW (+22%), followed by wind energy with 75 GW (+9%). Renewable hydropower capacity increased by 21 GW (+2%) and bioenergy by 8 GW (+5%). Geothermal energy increased by a very modest 181 MW.

Africa’s ability to leapfrog traditional power systems and adopt renewables on a massive scale is not a fantasy. In-depth studies from Wärtsilä have demonstrated that with the adequate support of flexible power technologies, ambitious renewable energy objectives in Africa are not only achievable, they also represent the soundest and cheapest strategy for the successful electrification of the continent.

China has accounted for the world's largest solar capacity addition in recent years, with around 30% of installed global capacity, but most of the low-hanging fruits have been picked, and deeper penetration into the energy mix requires overhauling large parts of the power system.

India has also neglected its hydropower potential, which accounts for only around 13% of the country's total installed capacity.

The Brent crude oil spot price will fall from an average of $84/b in the second quarter of 2023 (2Q23) to $81/b in 4Q23 and then average $78/b in 2024.

The latest issue of EIA's "Electric Power Monthly" report (with data through December 31) reveals that renewable energy sources (including small-scale solar systems) increased their electrical output by 12.37% last year compared to 2021.

The US Department of Energy (DOE) has numerous programs that provide funding to support energy resilience projects throughout the country.

By leveraging digital technologies like artificial intelligence, data analytics, and the Internet of Things (IoT), the Digital Green Grid can optimize energy production, distribution, and consumption in real-time, reducing waste and maximizing efficiency.

The participants discussed ways to ensure Russia’s technological sovereignty in the electricity and heating sectors, including by localising the manufacturing of energy-efficient equipment for high-capacity gas turbines and providing for the maintenance of imported gas turbine power units, as well as switching to Russian software in the electricity and heating sectors