tldrdaily.news logo
Tag

Renewable Power

All articles tagged with #renewable power

renewable-energy2 years ago

Global Renewable Power Expansion Paves Way for Tripling Goal by 2030

At the COP28 conference, over 130 national governments, along with the European Union, have committed to collaborating in order to triple the world's installed renewable energy capacity to at least 11,000 GW by 2030. This agreement marks a significant step towards achieving global climate goals and combating climate change, as outlined in the Renewables 2023 report by the IEA, which provides insights into the deployment of renewable energy technologies and the challenges and barriers to their growth.

via IEA|
#climate-change#cop28#global-tripling-goal
energy2 years ago

The Contradictory Winds of Green Energy and New York's Billion-Dollar Debate

The green energy boom is facing new challenges as falling prices, cheap capital, and supportive politicians are being replaced by fracturing supply chains and higher interest rates, pushing up prices and testing the resolve of consumers and governments. The cost of wind power has risen due to higher steel prices, and the cost-effectiveness of lithium-ion batteries has plateaued. Rising interest rates have increased the cost of capital, leading investors to reassess energy projects. Geopolitical tensions, particularly with China, are also complicating the green energy supply chain. However, there is optimism that investment in green energy will continue, and companies may adapt to rising costs through refining existing technologies or developing new ones. Rising costs may be passed on to consumers or require increased subsidies, challenging public support for the energy transition.

via Reuters|
#energy#government-policies#green-energy
energy2 years ago

Fracking Sparks Geothermal Tool Innovation

Geothermal energy, a vast source of clean power, is being unlocked using techniques borrowed from the fracking industry. Traditional geothermal plants, which tap into natural hot water reservoirs, only account for 0.4% of America's electricity. However, by using advanced drilling methods developed for oil and gas extraction, experts believe it's possible to access the heat stored in hot, dry rocks almost anywhere. Companies like Fervo Energy and Eavor are using fracking techniques and underground radiators to create artificial geothermal reservoirs. Other companies are exploring plasma torches and energy waves to drill even deeper and tap into "superhot" temperatures. Despite challenges such as cost, water use, and permitting, interest in geothermal is growing as it offers a reliable and clean energy source that can complement wind and solar power.

via The New York Times|
#clean-energy#energy#enhanced-geothermal
energy2 years ago

Renewable Power Projects Surge and Transform US Energy Systems: One Year After Climate Policy Commitments

One year after the implementation of the Inflation Reduction Act, the renewable power sector is experiencing a surge in projects. The act has provided incentives and support for renewable energy initiatives, leading to increased investment and development in the sector. This milestone marks the positive impact of the legislation on the energy industry.

via Charleston Gazette-Mail|
#energy#energy-sector#inflation-reduction-act