Results for: Renewable Energy

iShares Global Clean Energy ETF (ICLN) currently warrants a hold rating due to several barriers facing the global clean energy industry. While the long-term outlook for clean energy is promising, near-term challenges in U.S., European, and Asian markets are impeding growth. High costs for clean energy, stunted demand, and the prevalence of fossil fuels are significant roadblocks. Investors should be aware of the volatility associated with ICLN and similar ETFs, as they tend to experience more fluctuations than the broader market.

General Galactic, a new startup, aims to revolutionize the production of e-fuels by tightly integrating the entire process in-house. This approach aims to lower prices and advance the adoption of carbon-neutral fuels. General Galactic’s reactor currently produces 2,000 liters of methane per day, utilizing renewable energy and modular components for scalability.

Poland’s industrial output fell sharply in March 2024 due to a significant decline in coal mining, raising concerns about the country’s economic growth prospects. Coal mining output plunged by 25.9% year-over-year, contributing to a 6% decline in industrial production. This steep drop cast doubt on expectations of a 3% economic rebound in Poland this year.

Exowatt, a startup developing energy-efficient modules for AI data centers, has secured $20 million in funding. The modules store solar energy as heat and produce electricity for up to 24 hours, benefiting from cost reductions and avoiding the need for fossil fuels.

The global waste to energy market is expected to witness steady growth, driven by the increasing demand for sustainable energy solutions and the need to reduce carbon emissions. Europe is at the forefront of this market, with significant investments in waste-to-energy technologies. This market offers a solution to managing waste streams, transforming them into valuable energy sources, and mitigating environmental impact.

In a remarkable turn of events, Eskom has managed to avoid load shedding during the Easter weekend. The energy minister, Kgosientsho Ramakgopa, attributes this success to meticulous planning and government collaboration. Despite the progress, Ramakgopa cautions against complacency and emphasizes the ongoing efforts to eliminate load shedding.

Toyota’s Woven City, a futuristic city designed as a ‘living laboratory’ for self-driving cars and energy-efficient technology, is nearing completion at the foot of Mount Fuji in Japan. The city will welcome its first residents later this year as part of a £8 billion study on driver and pedestrian behavior. Residents will live in smart homes powered by hydrogen and equipped with AI technology and home robotics.

Electric vehicles (EVs) play a significant role in reducing greenhouse gas emissions compared to gas-powered vehicles. Transitioning to EVs can result in a 30% to 50% decrease in these emissions. Oregon is committed to combating climate change and has adopted Clean Cars Standards to promote the adoption of EVs. The state’s green energy grid, which is transitioning away from fossil fuels, further enhances the environmental benefits of EVs.

To mark Earth Day, President Biden announced $7 billion in grants to help over 900,000 low-income households install residential solar power. The funding comes from the Environmental Protection Agency’s Solar for All grant competition, part of the Inflation Reduction Act’s Greenhouse Gas Reduction Fund. The program aims to save households over $350 million in electricity costs annually and reduce carbon pollution by 30 million metric tons over 25 years.

German Chancellor Olaf Scholz announced the decline of fossil fuels and the shift towards renewable energy sources. By 2030, Germany aims to generate 80% of its electricity from renewable sources, including solar, wind, and hydropower. The move comes amid energy challenges caused by the Ukraine conflict and the EU’s commitment to climate neutrality by mid-century.