Remove Coal Remove Corporation Remove Energy Storage Remove Wind
article thumbnail

BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

Green Car Congress

Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
article thumbnail

TransAlta to use Tesla stationary batteries in Alberta’s first large-scale commercial energy storage project

Green Car Congress

TransAlta Corporation has been awarded $250,000 from Alberta Innovates - Energy & Environment Solutions (AI-EES) to help launch Alberta’s first large-scale commercial energy storage project. Home and business energy storage is just starting to gain momentum in the U.S, AI-EES received more than 50 proposals.

article thumbnail

DOE Awarding $620M for Smart Grid Demonstration and Energy Storage Projects

Green Car Congress

The US Department of Energy is awarding $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems. The selected projects include advanced battery systems (including flow batteries), flywheels, and compressed air energy systems. NSTAR Electric & Gas Corporation (MA).

article thumbnail

IBM introduces new wind and solar forecasting system for utilities; big data analytics and weather modeling to predict output

Green Car Congress

IBM has developed an advanced power and weather modeling technology that will help utilities increase the reliability of renewable energy resources. The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy.

Wind 306
article thumbnail

Tesla reveals Megapack project that killed a peaker plant

Teslarati

Despite its lack of news coverage, Tesla CEO Elon Musk has shared numerous times that he expects Tesla’s energy business to quickly eclipse its auto sales in terms of profit, thanks primarily to the success of Tesla’s commercial energy storage offering , the Megapack. What do you think of the article?

Tesla 95
article thumbnail

Dominion Energy sets new goal of net zero emissions by 2050 for both power generation, natural gas operations

Green Car Congress

JUST Capital, a nonprofit that promotes corporate responsibility, has also ranked Dominion among to US corporate citizens. In addition to reducing its own emissions, Dominion Energy expects to go beyond its own efforts to help accelerate greenhouse gas reductions in other industries. Industrial. Agriculture.

Emissions 207
article thumbnail

What is Renewable energy integration, challenges, why it is needed

Baua Electric

Renewable energy integration refers to the process of efficiently incorporating renewable energy sources into existing energy systems. Key aspects of renewable energy integration include: Grid Integration: Connecting renewable energy sources to the electrical grid is a critical component of integration.