Industry News & Trends

Renewable Energy News

New Jersey Cancels Fourth Offshore Wind Farm Award

In a significant shift in its renewable energy strategy, New Jersey has recently decided to cancel its plans to award a fourth offshore wind farm project. The decision marks a crucial moment in the state’s ongoing efforts to expand its offshore wind sector, which has long been hailed as a...

Texas Wind Power: Steady Prices Amidst Fluctuations

This stability in the face of variable wind conditions highlights the resilience and adaptability of Texas's energy infrastructure and market dynamics. Wind Power and Price Stability Texas is a national leader in wind power, boasting a substantial share of the U.S. wind energy capacity. However,...

Climate Change News

Why Net-Zero is Cheaper for the UK

The United Kingdom has set an ambitious target to achieve net-zero greenhouse gas emissions by 2050. This goal necessitates a comprehensive transformation of various sectors, including energy, transportation, and agriculture. While the environmental imperatives are clear, there is growing evidence...

Earth's Lands Drying Out: Nations Address Crisis

This week, global leaders are gathering for critical talks aimed at addressing one of the most pressing environmental crises of our time: the increasing dryness of Earth’s lands. Climate change, overexploitation of water resources, and unsustainable agricultural practices have been...

Electric Transportation News

FirstEnergy Explores Alternatives to PJM Capacity Market

In a strategic move aimed at enhancing its power supply reliability, FirstEnergy is actively exploring alternatives to the PJM capacity market. This development reflects the company’s proactive approach to addressing challenges within the existing market structure and ensuring a more robust...

Texas CEO Calls for Redesign of the Grid

As Texas continues to experience rapid population growth and surging electricity demand, there is increasing pressure on the state's electrical grid to meet the needs of its residents. According to Texas energy leader, Dan Woodfin, the state's grid needs a fundamental redesign to address the...

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New Jersey Halts Plans for Fourth Offshore Wind Farm Award

In a recent decision, New Jersey's Board of Public Utilities (BPU) opted to close its fourth round of offshore wind solicitations without awarding any bids, a significant step back for the state's ambitious offshore wind energy goals. This move follows a series of challenges and setbacks within the offshore wind industry, many of which have complicated efforts to bring new wind farm projects online.

Initially, three firms had submitted bids to participate in the state's...