The European Central Bank (ECB) announced on Thursday that it will continue its existing strategy of partially reinvesting its bond holdings and favor bonds issued by greener companies as it begins to run down its 5 trillion euro portfolio in March. The ECB, in an effort to reduce the risk of deflation in the Eurozone, …
ECB introduces a balance sheet run-off that will further boost greener businesses Read More »
Ursula von der Leyen, president of the European Commission, unveiled the Green Deal Industrial Plan yesterday. Basically, it is in an effort to prevent the European Union from falling behind in the race for green technology and to counter the large subsidies the United States and China already provide for their companies. It contains support …
What is the Green Deal Industrial Plan of the EU? Read More »
In an effort to compete on an equal footing with the US, the European Commission this week revealed its “Green Deal Industrial Plan.” Green Deal Industrial Plan aims to speed up the development of renewable energy and green technologies by relaxing state aid restrictions to enable bigger green subsidies. The Commission plans to upgrade the …
In spat over green subsidies: EU releases significant package to level the game with US Read More »
Portugal experienced extremely beneficial weather conditions in January. It led to 88% of the nation’s electricity being powered by renewables. Additionally, usage of gas-fired power plants was considerably decreased due to substantial precipitation and wind/solar output. The Portuguese grid operator, REN monitored such changes. Up from over 60% in 2022, which was already one of …
Good start of the year: Renewables covered 88% of Portugal’s electricity needs Read More »
Michigan-based battery firm Our Next Energy (ONE) announced the completion of a $300 million Series B investment round, bringing the three-year-old business’s valuation to $1.2 billion. Our Next Energy is now among the most highly valued, privately held battery companies in the U.S. This is due to their successful latest round of investment, which was …
Several solar energy producers and companies, including GM, Ford, Google, and others, stated last month that they will work together to create standards for extending the usage of virtual power plants (VPPs). VPPs are technologies for lessening the strain placed on electricity infrastructure in times of shortage. But what exactly are VPPs? Because they enable …
What exactly are VPPs and why are they important? Read More »
Analysts predict that the period of astonishing palladium rises is coming to an end. Increased supply and stagnant demand drive down the price of the metal. Palladium is used to reduce automobile exhaust emissions. Palladium, previously the least expensive of the major precious metals, saw an unprecedented surge in its prices over the past few …
Electric vehicles put into reverse palladium rise Read More »
As EU countries raced to replace Russian gas, coal-fueled power generation increased across Europe last year. But the increase of coal comeback was less than anticipated. Renewable energy helped to close the gap, experts said on Tuesday. Following its February 2022 invasion of Ukraine, Russia, previously Europe’s major gas supplier, it drastically reduced its supply …
EU coal comeback less dramatic than expected in 2022 energy shortage Read More »
As project developers have struggled to obtain imported panels, U.S. solar energy contract prices have increased by a third over the past year, according to a report released late Monday. Thanks to the recent enactment of generous federal subsidies, the cost of wind energy has dropped significantly in recent times, providing a much-needed boost to the …
Solar energy prices in the U.S. continue to skyrocket as projects delay Read More »
Really, are you sure you know the difference between renewable and non-renewable energy? Trying to answer the obvious sometimes happens confusing questions arise. So, why don’t we clear it once again? Renewable energy is the energy obtained from natural resources that are replenished. That’s clear. Those natural sources can be wind, solar, hydro, geothermal, and …
Are you sure you know the difference between renewable and non-renewable energy? Read More »
