News

U.S. utility CEO: Move away from coal ‘saves everyone money’

Energy News Network: In a speech this week to a large, business-friendly crowd in Grand Rapids, Michigan, Consumers Energy President and CEO Patti Poppe presented an economic case for solar power, electric vehicles and moving past coal. The company closed seven Michigan coal plants in 2016, cutting carbon emissions 25 percent without hurting its workforce. […]

December 6, 2018 Read More →

California’s 2020 rooftop solar mandate gets final approval

Greentech Media: It’s official. All new homes in California must incorporate solar power starting in 2020. The California Energy Commission (CEC) passed the measure in May as an update to the state’s 2019 Title 24, Part 6, Building Energy Efficiency Standards. On Wednesday, the California Building Standards Commission (CBSC) signed off on the plan— a […]

December 6, 2018 Read More →

A year in, Tesla’s big Australian battery proves viability of energy storage

Bloomberg: A year after Elon Musk rolled out what was then the world’s biggest lithium-ion battery to aid South Australia’s blackout-prone power grid, more projects are set to follow in its footsteps at home and abroad. The Hornsdale storage facility — the result of Musk’s successful wager that he could build and get it up […]

December 6, 2018 Read More →

Markets continue to prevail over U.S. coal industry

Marketplace: We begin on this Wednesday with some energy news, the subtext of which is market is gonna do what the market wants to do. We are talking coal specifically here, and some new numbers from the U.S. Energy Information Administration showing coal consumption this economy is on track to hit a near 40-year low. […]

December 6, 2018 Read More →

China pushes outdated coal technology onto other countries

AFP: Even as China struggles to curb domestic coal-fired power and the deadly pollution it produces, the world’s top carbon emitter is aggressively exporting the same troubled technology to Asia, Africa and the Middle East, an investigation by AFP has shown. The carbon dioxide (CO2) emissions from these Chinese-backed plants could cripple global efforts to […]

December 6, 2018 Read More →

Norwegian wealth fund continues long-term push for sustainable investments

Financial Times ($): It is not perhaps the most obvious idea for an investor that derives all its inflows from oil and gas revenues to prioritise sustainability. But Norway’s $1tn oil fund has been different from the beginning. One of the few sovereign wealth funds in a democracy, the Norwegian fund has put ethical issues […]

December 6, 2018 Read More →

U.S. coal consumption to fall to 1979 levels by year’s end, government agency says

Associated Press: Americans are consuming less coal in 2018 than at any time since Jimmy Carter’s presidency, a federal report said Tuesday, as cheap natural gas and other rival sources of energy frustrate the Trump administration’s pledges to revive the U.S. coal industry. A report by the U.S. Energy Information Administration projected Tuesday that 2018 […]

December 5, 2018 Read More →

PacifiCorp says more than half its coal plants aren’t economic anymore

Utility Dive: The Berkshire Hathaway subsidiary used unit-by-unit analysis to calculate a net benefit or cost for taking the coal units offline by 2022, showing nearly 60% of the retirements would lead to savings. But the utility says more analysis is needed before any shutdown decisions are made. PacifiCorp’s announcement is not an official step […]

December 5, 2018 Read More →

Analyst sees ‘storm clouds’ looming for U.S. coal exports

S&P Global Market Intelligence ($): Analysts at the American Coal Council’s 17th annual Coal Trading Conference cautioned that the recent strong seaborne market for U.S. thermal and metallurgical coal could soon face pressure from slowing global economic growth and escalating trade tension. Charles Dayton, vice president for market analytics for Doyle Trading Consultants, said he […]

December 5, 2018 Read More →

Betting on technology, major U.S. utility looks to be carbon-free by 2050

The Denver Post: Xcel Energy, Colorado’s largest electric utility, is upping its renewables game with the announcement Tuesday that it has a goal of being 100-percent carbon free by 2050. The Minneapolis-based company that serves eight states has been a leader in the quest to increase the use of renewable energy sources, said Ben Fowke, […]

December 5, 2018 Read More →