According to the latest figures from the Intergovernmental Panel on Climate Change (IPCC), the world needs to slash greenhouse gas emissions by 60% by 2035, compared to 2019. This is to limit global rise in temperatures to 1.5 degree Celsius, based on the Paris agreement. However, based on a recent report, the Annual Energy Outlook 2023 from the EIA (Energy Information Administration), shows the U.S. still has a long way to go.
Progress on U.S.
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Blockchain technology has completely transformed the world of business and digital finance in recent years. With improved efficiency and safety of transactions, blockchain technology also has great potential in improving the security of power grids. The Department of Energy (DoE)’s Oak Ridge National Lab (ORNL) is studying the use of blockchain technology to prevent cyberattacks on power grids.
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This week, Gridmatic (an AI-focused power marketer), signed a two-year purchase agreement with energy company Avangrid. The deal will see Gridmatic purchasing 15 megawatts (MW) of clean energy, generated by AVANGRID’s 120 MW Barton Chapel wind project in Jacksboro, Texas. The project, which will serve Gridmatic’s Texas-based clients, will run from January 2023 to December 2024.
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The state of New York greenlit 62 power transmission upgrade projects in a bid to lower the cost of electricity and boost renewable power generation across the state. The New York State Public Service Commission authorized these upgrades to reduce transmission bottlenecks in three Upstate regions: the Capital Region, the southwest and northern regions of New York.
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The first series of funding applications for the program to build new EV charging infrastructure across the United States is now open. The scheme is called Charging and Fueling Infrastructure (CFI) Discretionary Grant Program, and is a part of the Bipartisan Infrastructure Law.
Overseen by the Department of Transportation, the program is set to provide a total of $2.5 billion in grants over the course of five years.
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The US Department of Energy has unveiled new plans to boost investments in the U.S. offshore wind energy sector. The Biden administration wants to target a multitude of aspects, including new technology, research partnerships and transmission planning.
In late February this year, the Biden administration held the Floating Offshore Wind Shot™ Summit.
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New York Energy Week (NYEW) is the annual event that brings together industry leaders, policymakers, innovators, investors, and other stakeholders to explore and discuss the latest trends and developments in the energy sector. It’s the only week-long event series in New York made “by the industry, for the industry”, inviting all energy stakeholders to come together and help drive forward our global energy economy.
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An Inflection Point for Renewable Energy: Biden’s Administration Ushers In an Unforeseen Renewable Tidal Wave
At New York Energy Week, expert panelists, executives, and thought leaders from across the energy environment. Industries will come together to discuss President Joe Biden‘s linchpin acts and their ramifications across renewables, utilities, legislatures, finance and more. EnerKnol’s Product Manager Shahid Mahdi breaks down some of the key initiatives here.
The use of renewable energy sources in North America has been increasing in recent years, driven by declining costs and favorable policies. The wind and solar industries have been growing rapidly, with wind capacity increasing by 9% and solar capacity increasing by 18% in 2020. Renewable energy accounted for 11% of total electricity generation in the USA in 2020, with wind and solar providing 7% and 2% respectively.
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Ever wondered where the microgrids in NYC are located? Here is a sampling of them! (More to follow.) If you need a reminder about what a microgrid is, refresh yourself with our previous blog post here.
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