Energy & Power - Business Research Insights

𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐨𝐧 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐬𝐜𝐡𝐞𝐦𝐞 𝐟𝐨𝐫 𝐩𝐨𝐰𝐞𝐫 𝐝𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐟𝐨𝐜𝐮𝐬 𝐨𝐧 𝐫𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐜𝐚𝐩𝐚𝐜𝐢𝐭𝐲 New Delhi: The Central Electricity Authority (CEA) is working on a national scheme for power distribution for the first time as it focuses on creating 600 GW (gigawatt) of renewable energy capacity to meet rising demand in the country, union power minister Manohar Lal said. India will need to generate about thrice the country's electricity demand by 2047 compared with almost two times the demand now, the minister said at the launch of the CEA's plan for electricity transmission till 2032 in New Delhi on Monday. #Energy #Power #LatestNews Source - https://lnkd.in/g5CfHAbM

𝐌𝐚𝐜𝐪𝐮𝐚𝐫𝐢𝐞 𝐭𝐨 𝐢𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐨𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐰𝐢𝐧𝐝, 𝐬𝐨𝐥𝐚𝐫, 𝐞𝐧𝐞𝐫𝐠𝐲 𝐬𝐭𝐨𝐫𝐚𝐠𝐞 𝐢𝐧 𝐔𝐊 Australia’s Macquarie Group (ASX:MQG) on Monday unveiled a plan to invest GBP 20 billion (USD 26.1bn/EUR 23.8bn) in UK infrastructure, including in 5 GW of new offshore wind developments, new solar power and battery energy storage capacities and a network of fast-charging electric vehicle (EV) infrastructure. The investment plan, announced on the sidelines of the UK’s International Investment Summit, covers Macquarie’s interests across energy, utilities, transport, waste and digital infrastructure. The funds will be directed towards England, Wales and Scotland. #Energy #Power #LatestNews Source - https://lnkd.in/ei3bQXjU

𝐊𝐄𝐏𝐂𝐎 𝐬𝐢𝐠𝐧𝐬 𝐭𝐫𝐚𝐧𝐬𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐝𝐞𝐚𝐥𝐬 𝐟𝐨𝐫 𝐭𝐰𝐨 𝐰𝐢𝐧𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐨𝐟𝐟 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚 (𝟐.𝟐 𝐆𝐖) Two floating offshore wind projects to be developed in South Korea and totalling 2,250 MW have secured a transmission service agreement (TSA) with Korea Electric Power Corporation (KEPCO). The Swedish renewable company Hexicon AB has signed a TSA with KEPCO for its 1,125 MW MunmuBaram floating offshore wind project, while developers Mainstream Renewable Power and Ocean Winds have secured grid connection for their 1,125 MW KF Wind floating wind project (consisting of 375 MW East Blue Power and 750 MW KF Wind) .  Both projects are located off the coast of Ulsan, in southern South Korea. Both projects were also recently awarded an Environmental Impact Assessment (EIA) approval by the Korean Ministry of Environment. The Ulsan floating offshore wind cluster is expected to have a total capacity of around 6 GW once completed. #Energy #Power #LatestNews Source - https://lnkd.in/g2iQrxW9

𝐃𝐮𝐤𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐭𝐨 𝐫𝐞𝐬𝐭𝐨𝐫𝐞 𝐩𝐨𝐰𝐞𝐫 Ana Gibbs with Duke Energy joined FOX 13 News to share the latest on efforts to restore power after Hurricane Milton caused widespread outages. #Energy #Power #LatestNews Source - https://lnkd.in/gG6uBMDk

𝐋𝐨𝐝𝐞𝐬𝐭𝐨𝐧𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐩𝐞𝐧𝐬 ‘𝐥𝐚𝐧𝐝𝐦𝐚𝐫𝐤’ 𝐬𝐨𝐥𝐚𝐫 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐢𝐧 𝐍𝐞𝐰 𝐙𝐞𝐚𝐥𝐚𝐧𝐝 New Zealand solar PV developer Lodestone Energy has signed a solar agreement with poultry provider Inghams to match its electricity consumption via solar PV power plants. Under this ‘landmark’ 20-year agreement, Lodestone Energy will generate certified renewable electricity from its solar PV power plants in the Bay of Plenty and Coromandel, on New Zealand’s northern island, to meet Inghams’ demand long into the future.  The agreement has also been deemed flexible, and thus, Lodestone will adapt to ensure that 100% of Inghams’ electricity is met by solar PV. This protects Inghams from volatility in the electricity market, which prime minister Christopher Luxon recently dubbed an “energy crisis”. #LatestNews #news #Energy #Power Source - https://lnkd.in/dh6rg2-S

𝐂𝐡𝐢𝐧𝐚'𝐬 𝐬𝐭𝐫𝐢𝐝𝐞𝐬 𝐢𝐧 𝐞𝐧𝐞𝐫𝐠𝐲 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐨𝐯𝐞𝐫 𝐩𝐚𝐬𝐭 𝟕𝟓 𝐲𝐞𝐚𝐫𝐬 n aerial drone photo taken on Sept. 7, 2024 shows a view of the Santanghu wind power farm in Hami City of northwest China's Xinjiang Uygur Autonomous Region. (Xinhua/Hu Huhu) BEIJING, Sept. 19 (Xinhua) -- China has made remarkable strides in energy development over the past 75 years, deepening its green, low-carbon transformation and continuously improving its energy utilization efficiency, a report from the National Bureau of Statistics showed on Thursday. The following are some highlights of China's achievements in the energy sector: -- China has become the world's largest energy producer. In 2023, its total primary energy output was 4.83 billion tonnes of standard coal, a 202.6-fold increase from 1949, growing at an average annual rate of 7.4 percent. #LatestNews #News #Energy #Power Source - https://lnkd.in/dczc44SK

𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐠𝐫𝐢𝐝 𝐟𝐚𝐜𝐞𝐬 ‘𝐬𝐭𝐞𝐫𝐧𝐞𝐬𝐭 𝐭𝐞𝐬𝐭 𝐲𝐞𝐭’ 𝐨𝐯𝐞𝐫 𝐰𝐢𝐧𝐭𝐞𝐫 𝐚𝐟𝐭𝐞𝐫 𝐝𝐞𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐩𝐨𝐰𝐞𝐫 𝐩𝐥𝐚𝐧𝐭𝐬 – 𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐰𝐚𝐫 𝐥𝐢𝐯𝐞 The coming winter will prove the “sternest test yet” for Ukraine’s energy grid since Russia’s invasion, with numerous power plants destroyed or damaged, the International Energy Agency (IEA) said on Thursday. Putting forward a 10-point plan for Ukraine to safeguard its war-battered energy security, the IEA also warned of problems for neighbouring Moldova’s electricity supply after Ukraine stops allowing the transit of Russian gas at the end of 2024, reports Agence France-Presse (AFP). “Ukraine’s energy system has made it through the past two winters … But this winter will be, by far, its sternest test yet,” IEA executive director Fatih Birol said in a news release accompanying the report. The report said that in 2022 and 2023 “about half of Ukraine’s power generation capacity was either occupied by Russian forces, destroyed or damaged, and approximately half of the large network substations were damaged by missiles and drones”. #LatestNews #News #Energy #Power Source - https://lnkd.in/d8CRh9qS

𝐏𝐨𝐰𝐞𝐫 𝐭𝐨 𝐭𝐡𝐞 '𝐞𝐧𝐞𝐫𝐠𝐲 𝐮𝐧𝐝𝐞𝐫𝐜𝐥𝐚𝐬𝐬' 𝐚𝐬 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚 𝐫𝐞𝐭𝐨𝐨𝐥𝐬 Every household should be able to upgrade their home and reap the power bill savings for years to come, regardless of their economic status, a forum has been told. "This is about Australians taking back control of our power and our power bills, not leaving it in the hands of greedy energy companies," ACTU president Michele O'Neil told the Better Futures Forum in Canberra on Tuesday. "This can't be about Teslas in teal seats." Unions, industry, First Nations groups, social services providers and climate organisations are preparing to launch a campaign on Wednesday to re-power all homes, not just those who can afford it. The union leader accused "business cheerleader" Peter Dutton of wanting Australians to pay for the federal opposition's "expensive nuclear fantasy", which analysts say will drive up average power bills by another $1000 a year. Ms O'Neil said the nuclear option would also leave coal workers without a way to transition into new renewable energy jobs. #LatestNews #Energy #Power #News Source - https://lnkd.in/etXqGZw9

𝐁𝐢𝐝𝐞𝐧-𝐇𝐚𝐫𝐫𝐢𝐬 𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐋𝐞𝐚𝐝𝐞𝐫𝐬 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞 𝐍𝐞𝐰 𝐎𝐧𝐬𝐡𝐨𝐫𝐞 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐏𝐫𝐨𝐠𝐫𝐞𝐬𝐬 𝐢𝐧 𝐍𝐞𝐯𝐚𝐝𝐚 𝐭𝐨 𝐂𝐫𝐞𝐚𝐭𝐞 𝐉𝐨𝐛𝐬 𝐚𝐧𝐝 𝐋𝐨𝐰𝐞𝐫 𝐄𝐧𝐞𝐫𝐠𝐲 𝐂𝐨𝐬𝐭𝐬 LAS VEGAS — Acting Deputy Secretary of the Interior Laura Daniel-Davis and White House National Climate Advisor Ali Zaidi visited Las Vegas today to announce the advancement of multiple clean energy projects in Nevada that will create good-paying jobs, lower families’ energy costs, and help meet the Biden-Harris administration's renewable energy goals. The announcement comes as the Administration has released new data to demonstrate how the historic steps it has taken to accelerate and improve federal permitting processes are helping deliver more projects, more efficiently, across the United States. The Department’s Bureau of Land Management (BLM) is finalizing two projects and moving forward two more that will advance new transmission lines and solar facilities across the state, helping deliver clean, reliable energy from the Nevada desert to the Western electric grid and creating jobs for union workers. The two projects receiving approval – the Greenlink West Transmission Project and Libra Solar Project – will unlock up to 4.7 gigawatts of clean energy, enough to power nearly 5 million homes. “From building large scale transmission lines to solar power generating facilities, the Interior Department and our team at the Bureau of Land Management are leading the way in the development of reliable, clean energy across the West,” said Acting Deputy Secretary Daniel-Davis. “The infrastructure projects we are advancing today in Nevada are helping meet President Biden’s ambitious renewable energy goals while making communities more energy resilient and creating good-paying jobs in the clean energy economy.” #LatestNews #Energy #Power #Solar Source - https://lnkd.in/euzt87ng

𝐀𝐮𝐬𝐭𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐠𝐫𝐢𝐝 𝐟𝐢𝐫𝐞 𝐥𝐞𝐚𝐝𝐬 𝐭𝐨 𝐰𝐢𝐝𝐞𝐬𝐩𝐫𝐞𝐚𝐝 𝐨𝐮𝐭𝐚𝐠𝐞𝐬, 𝐫𝐨𝐚𝐝 𝐜𝐥𝐨𝐬𝐮𝐫𝐞𝐬 AUSTIN, Texas — The Austin Police Department is assisting the Austin Fire Department as they work to extinguish a small fire at the Austin Energy power grid. The Austin Police Department tweeted that officers are managing road closures in the area to support firefighting efforts. The tweet noted, "APD officers are assisting AFD with road closures at the 9800 block of Middle Fiskville Rd due to a small fire at the Austin Energy Power Grid. This has caused a large power outage in this area east of IH-35. It is unknown at this time when power will be restored." While Austin Energy's outage map indicates that power restoration could occur within the hour, officials have yet to confirm a precise timeline. #LatestNews #News #Energy #Power Source -https://lnkd.in/e44xmRi5