China's renewables market is the most attractive destination for those looking to invest in the sector, according to EY's Renewable Energy Country Attractiveness Index (RECAI), which ranks 40 renewables markets on the attractiveness of their energy prospects, including renewable energy investment and deployment opportunities, based on a number of macro, energy market and technology-specific indicators.
Experts are reporting that 75 percent of nuclear reactors under construction worldwide are facing delays, which, in turn, make them much more costly. According to the "World Nuclear Industry Status Report 2014," other countries are in no better position than the United States when it comes to delivering nuclear reactor projects on time and on budget.
The Smart Grid Interoperability Panel (SGIP) today named the three winners in a call for papers charged with addressing an industry issue with a viable proposed solution.
Electric utilities are facing disruptive new technology trends that are altering their traditional relationship with residential customers, according to Navigant Research, and it's called distributed energy resources (DER), which are now more affordable and have stimulated growing interest and adoption by residential customers who see an opportunity for greater control of their energy consumption.
GlobalData expects offshore wind to become one of the largest renewable power market segments by 2020, with the UK, Germany and China making significant contributions due to a number of projects currently in the planning and construction stages.
Smart meters have made possible new services for customers, such as automated budget assistance and bill management tools, energy use notifications, and "smart pricing" and demand response programs. More than 43 percent of U.S. households have smart meters today, up from about 33 percent in May 2012.
The finalists in ComEd's Student Innovation Contest, which challenges college students to create visions of products, services or software apps that leverage smart meter technology to help low-income customers better manage their electricity use and save money, have been announced. The Student Innovation Contest, which launched in May, is part of ComEd's SmartGridExchange initiative-- a collaboration between ComEd, technology companies, universities and customers to spur innovation that will shape what the electric grid of the future will offer.
Both the importance and the understanding of sustainability has grown dramatically over the past 15 years, and those utilities which have grasped that are being recognized by the Dow Jones Sustainability Index (DJSI)-- a leading benchmark in the field. The DJSI tracks the performance of the top 20 percent of the 600 largest North American companies in the S&P Global Broad Market Index based on a variety of criteria, including climate change strategies, energy consumption, human resources development, knowledge management, stakeholder relations and corporate governance.
The U.S. Department of Energy's Office of Energy Efficiency & Renewable Energy has purchased two 20,000-pound buoys complete with the latest in meteorological and oceanographic equipment to enable more accurate predictions of the power-producing potential of winds that blow off U.S. shores. The buoys are expected to improve offshore turbine performance in the near term and reduce barriers to private investment in large-scale offshore wind energy development in the long term.
As the penetration of variable renewable energy resources increases worldwide, more attention is being paid to the effects of renewable energy on power system reliability and operations. CSP with thermal energy storage is a potential solution that meets clean energy and climate change policy goals, reduces the variability of the aggregate renewable energy portfolios and provides a wide range of operational and reliability benefits.