For decades, owning your own energy infrastructure was a point of pride. It meant independence, control and long-term value. But in today’s world of tight capital, rising utility risk and increasing operational complexity, that logic is unraveling fast.
The electricity industry is undergoing a major transition, as changes are reshaping the traditional utility model. Climate change, for one, has prompted the gradual decarbonisation of generation facilities around the world. Technology advancements are driving down the costs of wind turbines, solar panels, energy storage devices and distributed energy, making renewables an increasingly viable part of people's daily lives.
The rapidly growing role of biofuels in the economy has important ramifications for sustainable development worldwide. Biofuels offer significant potential benefits as alternatives to traditional energy sources in the transportation sector.
As Hurricane Harvey emergency response continues across Texas and Louisiana, NRG Energy and its subsidiary Reliant today announced broad preliminary efforts to assist millions of Texans impacted by devastating rains, floods and winds. NRG and Reliant will provide more than $2 million of disaster relief resources, comprised of $1 million in cash donations, as well as in-kind relief efforts valued at more than $1 million in community support and customer assistance.
Trane®, a leading global provider of indoor comfort systems and services and a brand of Ingersoll Rand, presented its annual Energy Efficiency Leader Award on Aug. 29 to the University of Florida. The award recognizes the university’s commitment to providing a healthy, productive learning environment with minimal impact on the environment.
Domtar is proud to inaugurate its second generating unit with a power output of 18 MW at its Windsor (Quebec) Mill.
The start-up of its second generating unit, built for $36 million, will improve the energy efficiency of the mill produced from renewable resources while reducing production costs.
As a global provider of energy-efficient technology solutions, Ingersoll Rand is positioned to pursue opportunities that arise from the nexus between energy efficiency and climate change mitigation. While energy resource demands and climate change represent great risks for society and the planet, we recognize that the innovation that addresses these issues is a potential growth driver for our business.
While the White House’s plans for a $1 trillion federal infrastructure program continue to coalesce, one recent estimate puts the depreciated value of the American electric infrastructure—including power plants, transmission lines, distribution lines, substations and transformers—at around $1.5 trillion to $2 trillion, with a replacement value of $4.8 trillion.
Instead of watching the Great American Eclipse on Monday, Duke Energy grid operators were watching the grid. For the most part, everything went as expected when the moon created a dusk-like darkness over North Carolina’s solar panels.
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