The onshore megaproject that will cost more than $10 billion will begin generating electricity in 2032,

What are the latest trends in the power and utilities sector?

At the end of 2023, solar and wind accounted for nearly 24% of installed capacity in India, with respectively 73 GW and 45 GW, while hydropower capacity reached nearly 52 GW.

The proposed plan will seek approval from the country’s Economic Council and should require US$8.3bn of private sector investment, in three phases.

Thermal power, which accounts for the bulk of China’s carbon footprint, fell 4.3% in May from the previous year, the biggest drop since 2022, the statistics bureau reported on Monday.

The synergy between carbon-based fuels and renewables in energy trading, facilitated by innovative policies and supported by advanced software technology, offers transformative opportunities for the energy sector.

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. 

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.

The study will be developed as one of the deliverables under the Joint Declaration of Intent (JDoI) of the UK-Germany Hydrogen Partnership, signed on September 26, 2023, between the UK Department for Energy Security and Net Zero (DESNZ) and the German Federal Ministry for Economic Affairs and Climate Action (BMWK).

Decarbonization is synonymous with the energy transition.

A Dozen States Have Applied for Home Energy Rebates Funding from President Biden’s Investing in America Agenda, Helping Households Across the Nation Receive up to $14,000 for Energy Efficient Home Upgrades, Slashing Home Energy Bills and Building Up a Local Clean Energy Workforce

The projects announced today are addressing critical needs across the clean energy economy, including grid components (e.g., transformers), electric vehicle components and chargers, solar components, clean steel, critical materials processing and recycling, and other clean energy products.

As solar and storage costs continue to decrease, at what point will having stand-alone power for customers of all types be a reality? What about microgrids that can use fuel cells and emerging green or even blue hydrogen technologies.

Projects selected for tax credits under the Qualifying Advanced Energy Project Tax Credit (48C), funded by President Biden’s Inflation Reduction Act, span across large, medium, and small businesses and state and local governments, all of which must meet prevailing wage and apprenticeship requirements to receive a 30% investment tax credit.

The U.S. Department of Energy (DOE) today announced up to $6 billion for 33 projects across more than 20 states to decarbonize energy-intensive industries, reduce industrial greenhouse gas emissions, support good-paying union jobs, revitalize industrial communities, and strengthen the nation’s manufacturing competitiveness.