A groundbreaking coalition, spearheaded by Microsoft and Acadia Infrastructure Capital, targets a massive 5 GW of renewable energy development over five years, promising billions in investment and prioritizing community benefits and environmental justice. The initiative aims to prevent 15 billion pounds of carbon emissions annually.
A new report suggests China, the world’s largest coal consumer and greenhouse gas emitter, could peak its coal consumption as early as 2025. Despite continued reliance on coal, the country’s rapid renewable energy expansion and policy changes signal a potential shift towards cleaner energy sources. However, challenges remain in achieving emission reduction targets.
MetOx International, a leader in High Temperature Superconducting (HTS) technology, has closed its Series B funding round, securing $40 million to expand its US manufacturing capabilities and meet surging market demand. This investment will significantly bolster the nation’s clean energy infrastructure and technological advancement.
ETCH, Inc., a groundbreaking decarbonization company producing clean hydrogen and solid carbon from natural gas, has appointed Katie Ellet as its new CEO. Ellet brings over 25 years of experience in the chemicals and energy sectors, most recently from Air Liquide, where she led significant hydrogen initiatives. Under her leadership, ETCH will accelerate the commercialization of its patented technology, positioning the company as a leader in clean energy solutions.
The Tennessee Valley Authority (TVA) announced impressive fiscal year 2024 results, reporting a 2% increase in total operating revenues driven by higher electricity sales and effective base rates. TVA’s commitment to clean energy is highlighted by over 50% of its power supply coming from carbon-free sources. The organization also showcased its impactful economic development efforts, attracting and expanding businesses in the Tennessee Valley, resulting in projected capital investments of $8.9 billion and the creation of over 10,000 jobs.
Project InnerSpace has launched GeoMapTM India, a groundbreaking tool that maps the vast geothermal energy potential across the country. This interactive platform, combining over 175 data sets, highlights promising regions for geothermal power, industrial heat, and even residential cooling solutions, making it a crucial asset for India’s clean energy transition.
CIG Companies, led by CEO Charles D. Carey, is at the forefront of American innovation, driving forward a sustainable energy future with solar power and expanding into luxury real estate and travel. With its commitment to clean energy, CIG aims to strengthen America’s economy, energy independence, and economic resilience.
With Donald Trump’s return to the political scene and Republicans potentially controlling Congress, clean energy stocks have taken a hit. The Invesco Solar ETF (TAN) and Invesco Global Clean Energy ETF (PBD) have plummeted, mirroring the decline in individual solar companies like Sunnova Energy and SolarEdge Technologies. This downturn is largely attributed to concerns about the future of the Inflation Reduction Act (IRA) and its crucial tax incentives for renewable energy. While the IRA’s benefits are undeniable, Trump’s potential rollback of green policies could significantly impact the sector. The article explores the possible scenarios for the IRA under Trump and assesses whether the current drop in solar stock prices presents a buying opportunity or if more pain lies ahead.
SolarBank Corporation, a leading developer of renewable energy projects, will release its quarterly financial results for the third quarter of 2024 on November 14th. The company will also host a webinar to discuss the results and provide a business update. Investors and interested parties are invited to register for the webinar to learn more about SolarBank’s progress in the clean energy sector.
India’s clean energy sector is attracting significant foreign investment, even as overall FDI dips across other sectors. This surge in green energy investment indicates a strong commitment to sustainable development and a growing global interest in India’s renewable energy potential.
