Challenges to Funding Rapid Deployment of Energy Transition Technology

Enormous capital investments are needed to meet these public policy and societal goals according to the International Energy Agency (IEA), global investment in clean energy technology needs to be $4.5 trillion by the early 2030s if the Paris Agreement’s 2050 net-zero target is going to be reached.

Energy Transition in Motion (Week of May 24, 2024)

Here is a look at some of this week’s renewable energy news, including a ‘breakthrough’ for enhanced geothermal systems.

Enbridge, EDF’s Fox Squirrel Solar Project Goes Online

Fox Squirrel, a solar project owned by Enbridge and developed by EDF Renewables North America, aims to help meet central Ohio’s increasing power demand, which could double by 2028.

Avangrid to Upgrade Eversource’s Massachusetts Electric Grid

Avangrid will convert Eversource’s 115 kv line into a 345 kv line that will run from the Bourne Substation to the West Barnstable Substation in Massachusetts.

Big Demand Means Big Challenges Ahead for Power Sector

Natural gas could help meet demand, but a new EPA rule requiring CO2 emissions from power plants to be reduced by 90% could limit fossil fuels’ role.

Texas' ERCOT Power Needs to Nearly Double Over Next Six Years

As coal plants retire in Texas, natural gas will carry more of the Lone Star State’s energy load, said Kristi Hobbs, ERCOT’s vice president for system planning and weatherization.

Exclusive: How Baker Hughes is Cracking Down on Oil, Gas Emissions

Baker Hughes' senior vice president of strategy and technologies, Attilio Pisoni, addresses the oil and gas industry's responsibility in reducing its carbon footprint and gives an overview on the company's sustainability operations in this Hart Energy Exclusive interview. 

Under Siege: Industry Cuts Emissions Despite Biden's ‘Attack’ on E&Ps

IPAA Chairman and Elevation Resources CEO Steve Pruett shared insight on industry’s concerns over regulations carried out by an “alphabet soup” of agencies from the Environmental Protection Agency to the Federal Trade Commission.

Iberdrola Scoops Up Rest of US Renewables Firm Avangrid in $2.6B Deal

Iberdrola said its acquisition of the remaining stake in Avangrid Inc. is intended to increase its exposure in the U.S.

Adkins: Attacks on Fossil Fuels, Overregulation Poised to Backfire

Raymond James’ J. Marshall Adkins tells Hart Energy’s SUPER DUG conference attendees demonizing oil and gas, strenuous regulations and continued inflation are bound to have unexpected consequences for E&P opponents.