US pledges $43 million to carbon capture technologies
The U.S. Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E) has announced up to $43 million in funding to develop carbon capture and storage (CCS) technologies. The goal is to enable power generators to be responsive to grid conditions in a high variable renewable energy (VRE) penetration environment. The FLExible Carbon Capture and Storage […]
Renewables to represent 30% of US total installed capacity by 2030
The contribution of renewable power to total installed capacity in the US is expected to double from 15% in 2018 to 30% by 2030, reaching a total of 442.8 gigawatt (GW). According to the latest numbers from GlobalData, that’s equivalent to a compound annual growth rate (CAGR) of 7.3%, attributed to more states adopting and updating […]
Huge energy storage site planned in Utah
A plan to launch an Advanced Clean Energy Storage (ACES) project in central Utah has been unveiled by Mitsubishi Hitachi Power Systems (MHPS) and Magnum Development. The ACES initiative, the largest project of its kind, will develop 1,000 megawatts of 100 percent clean energy storage, thereby deploying technologies and strategies essential to a decarbonised future […]
Energy management market hit $113bn by 2023
The energy management system market is expected to reach $113,476.9 million by 2023, according to a new report by P&S Intelligence. Stringent government policies and regulations, favorable government support in the form of incentives, volatility of electricity prices, and rising adoption of EMS in building automation are the major factors driving market growth. Based on offering, […]