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#NRG_Energy reveals transformation plan to cut costs, slash debt and divest assets

NRG Energy reveals transformation plan to cut costs, slash debt and divest assets NRG Energy Inc. NRG, +1.12% announced Wednesday a “transformation plan” aimed at cutting recurring costs by $1.1 billion, slashing debt obligations by $13 billion and completing assets sales worth up to $4.0 billion. The integrated power company said it plans to deploy … Continue reading #NRG_Energy reveals transformation plan to cut costs, slash debt and divest assets →

The Energy Secretary Is Wrong: The Grid is Ready for Renewables

The Energy Secretary Is Wrong: The Grid is Ready for Renewables The U.S. Department of Energy (DOE) will soon release a study asserting that wind and solar energy are undermining the electricity grid and that only fossil fuel and nuclear plants can assure the grid’s reliability. Making this prediction requires no extrasensory powers. It stems … Continue reading The Energy Secretary Is Wrong: The Grid is Ready for Renewables →

#Shell Pushes Further Into Power, Renewables With Bid to Acquire #MP2_Energy

Shell Pushes Further Into Power, Renewables With Bid to Acquire MP2 Energy Shell Energy North America, a division of the oil and gas giant Royal Dutch Shell, announced last week it has signed a purchase agreement for the acquisition of Texas-based MP2 Energy. The bid signals Shell’s growing interest in the power sector, including renewable … Continue reading #Shell Pushes Further Into Power, Renewables With Bid to Acquire #MP2_Energy →

State Programs to Encourage Renewable Energy Are Constitutional (In Case You Were Worried)

State Programs to Encourage Renewable Energy Are Constitutional (In Case You Were Worried) Last week, the 2nd Circuit Court of Appeals affirmed a District Court decision rejecting a challenge to Connecticut statutes intended to encourage renewable energy development in Connecticut. It’s a critical win, not just for Connecticut, but for many renewable energy programs in … Continue reading State Programs to Encourage Renewable Energy Are Constitutional (In Case You Were Worried) →

Germany produced record 35 percent of power from renewables in first half

Germany produced record 35 percent of power from renewables in first half Germany raised the proportion of its power produced by renewable energy to 35 percent in the first half of 2017 from 33 percent the previous year, according to the BEE renewable energy association. Germany is aiming to phase out its nuclear power plants … Continue reading Germany produced record 35 percent of power from renewables in first half →

Utilities Need Storage to Keep Renewable Energy Growing

Utilities Need Storage to Keep Renewable Energy Growing State standards are driving electric utilities’ use of renewable energy — but without battery storage capacity, electricity generated from wind, water or the sun may soon saturate the market in certain regions. Ten years ago, utilities underestimated how much renewable energy they would use due to states’ … Continue reading Utilities Need Storage to Keep Renewable Energy Growing →

Report: U.S. Renewables Overtake Nuclear Power

Report: U.S. Renewables Overtake Nuclear Power The latest issue of the U.S. Energy Information Administration’s (EIA) Electric Power Monthly (with data through April 30) reveals that renewable energy sources – including solar, wind, geothermal and hydropower – are now providing a greater share of the nation’s electrical generation than nuclear power, according to a new … Continue reading Report: U.S. Renewables Overtake Nuclear Power →

How Do We Get to 100% Renewable Energy? Could be Storage, Storage, Storage

How Do We Get to 100% Renewable Energy? Could be Storage, Storage, Storage As communities, companies, and even entire Midwestern utility companies move to supply 100% of electricity needs from renewable energy, the question presents itself: is this even possible? The answer, it turns out, is yes—and it’s made possible by the technical capabilities of … Continue reading How Do We Get to 100% Renewable Energy? Could be Storage, Storage, Storage →