IRENA, the Assembly of the International Renewable Energy Agency, launched ‘A new World’ report, according to which, the Global Commission on the Geopolitics of Energy Transformation supports that the geopolitical and socio-economic consequences of a new energy age may be as profound as those which accompanied the alter from biomass to fossil fuels two centuries ago. These include changes in the position of states, the importance of new leaders, more energy actors, alter in trade relations and the emergence of new alliances.
The European Investment Bank (EIB) launched a new public consultation on energy financing to better reflect energy industry trends and to enhance its support for the European Union’s 2030 energy and climate targets. The next three months, EIB will engage with stakeholders, including shareholders, industry associations, civil society and the private sector to develop a new energy lending policy that supports EU targets.
According to EIA, 23.7 gigawatts (GW) of new capacity additions and 8.3 GW of capacity retirements are expected for the U.S. electric power sector in 2019. The additions are embodied by wind (46%), natural gas (34%), and solar photovoltaics (18%), with the remaining 2% consisting primarily of other renewables and battery storage capacity.
Wave and tidal energy market was valued at USD 487.7 million in 2014 and is anticipated to reach USD 11,365 million in 2024, expanding at a CAGR (Compound Annual Growth Rate) of 23% from 2016 to 2024, according to a new report by Market Research Engine.
Global OTEC Resources, a business aspiring to bring a new form of renewable energy to tropical resorts, has released images of its first design concepts. The company has reached a cost model for harnessing the thermal energy stored in our oceans which is comparable to, if not cheaper than, the cost of running diesel generators.
Mrs. Diane Gilpin, Founder & CEO of Smart Green Shipping Alliance, explains how renewable energy can break into shipping’s mainstream and improve energy efficiency. The emerging climate and resource challenges offer a massive commercial opportunity that we need to grab, she concludes.
The animation video unveils the design of a new tidal turbine, as part of the FloTEC project, funded by the EU’s Horizon 2020 research and innovation programme. The Orbital O2 2MW, designed by Orbital Marine Power, is targeted to be deployed at EMEC in Orkney in 2020. The company believes that, when launched in 2020, it will be the most powerful tidal generating platform in the world.
The European Parliament signed new rules on renewables, energy efficiency and the governance of the Energy Union. This enables the European Union to move towards clean energy transition, and follow on the already adopted 2030 climate legislation, as well as meet the Paris Agreement goals.
IEA published the World Energy Outlook 2018, which includes global energy trends and their possible impacts on supply and demand, carbon emissions, air pollution, and energy access. With today’s policies, WEO’s New Policies Scenario says that energy demand will rise by more than 25% to 2040.
support by smart data is said to totally transform power systems in the near future. Besides, by 2050, the world’s primary energy mix is expected to be split equally between fossil and non-fossil sources. However, which are the challenges and opportunities that data and IT systems are bringing to the energy era?
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