Allen Matkins’ Post

Despite the current dominance of natural gas within North America’s generation mix, a rapid build-out of solar PV and wind capacity will boost renewable generation so that it will contribute 55% of total generation by 2035. Despite inflationary pressures causing project slowdowns, offshore wind will also remain the fastest growing technology, experiencing a CAGR of 67% between 2023 and 2035. #energy transition #renewable energy #electricvehicles#renewable fuels #CCSU #hydrogen

US #Power producers are becoming increasingly reliant on #naturalgas for generation, even as the country builds out #renewable energy capacity at a record pace. Renewables have been grabbing a steadily growing share of the power mix for years, which has allowed power firms to cut #coal-fired power and reduce #emissions. But due to the volatile nature of renewable energy flows, power firms have needed to increase the use of natural gas within power systems and remain heavily dependent on gas whenever renewable energy supplies drop off. More here: https://lnkd.in/gCDHHGdi

"#Texas does not currently have a viable #SREC market as there is no solar carve-out. Under the state's current Renewable Portfolio Standard (RPS), though, REC trading is allowed. Today, the Texas market is predominately dominated by wind power generation. The state does have a target for non-wind technologies set at 500 MW by 2015. The Public Utilities Commission of Texas (#PUCT) and ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 (#ERCOT) are currently reviewing the non-wind target to potentially implement additional guidelines." #solarfinancing Source: https://lnkd.in/gRv4JmwG

The Federal Energy Regulatory Commission (FERC) voted 2-to-1 last week to modernize the nation’s long-distance high-powered transmission policies. This will help with backstop authority (the ability to build transmission when progress slows) and lead to considerably more renewable energy and noticeably less coal-fired power. 🤘 “We could see renewables finally pass 50% of the generation grid capacity in ten years,” said Fox Swim, solar industry researcher for Aurora Solar. “One of the complaints about renewables is that the U.S. grid cannot manage intermittent energy. That doesn’t mean we can't build a grid to handle that. This ruling will let regional authorities make the network more renewables-friendly and increase grid stability.” #AuroraSolar https://bit.ly/3wrr0Sx

What would be needed to meet the net-zero target in Europe? By 2030, it needs a system change and a technology-driven pathway to the installation of following wind and solar power capacity. #windenergy #renewable energy #solarpower

Renewable energy is shattering records across the U.S.! Wind and solar power are dominating electricity production in various regions, with Texas and New England recently achieving impressive milestones. Grid operators have reported record-breaking solar and wind generation in multiple states. These achievements demonstrate the growing impact of renewable energy in our power grids. Read more about this groundbreaking progress in the energy sector. #RenewableEnergy #Sustainability #CleanEnergy #GreenTechnology https://lnkd.in/gk-_QriB

Port Authorities Promote Wind Energy as a Long-Term Fix Offshore wind energy production in the United States, according to the National Renewable Energy Laboratory of the U.S. Department of Energy, has the capacity to generate 2.8 terawatts of electricity. Read More: https://cutt.ly/lwRncdtZ #PortAuthorities #WindEnergy #LongTermFix #UnitedStates #NationalRenewableEnergy #USDepartment #electricity #news #newsupdate #ciooutlookmagazine #ciooutlookmagazinenews 

👣 Step by step on the right path to further milestones for renewable energies. This is shown by the latest report on net public electricity generation in Germany in the first half of 2024 from the Fraunhofer-Institut für Solare Energiesysteme ISE.   Wind energy continues to lead the way, generating an impressive 73.4 terawatt hours - a nearly 10% increase compared to the same period in 2023. A special shoutout goes to offshore wind energy, which contributed a remarkable 13,817.09 gigawatt hours. This accounts for approximately 6.4% of Germany's total electricity generation!   These achievements underscore the vital role that renewable energy, especially offshore wind, plays in our transition to a sustainable future. #RenewableEnergy #WindEnergy #OffshoreWind

The #transition to #green #energy is a complex process, but we believe in a greener #future and are working to make it happen by accelerating the future of energy. The pace at which #AES is completing renewable energy projects globally is proof of that. Last year alone, the corporation's renewable capacity grew by 3.5 GW. From newly completed RES capacities, 1.6 GW are solar, 1.3 GW are wind, and 0.6 GW are energy #storage.   You can learn more about green transformation and the AES vision here -https://bit.ly/3UiXJCJ

Before the close of this year, these two sources of renewable power will break the 40% milestone During the first half of 2024, wind and solar energy already comprised 38.4...READ More #cleanenergy #CoalFiredPower #climategoals #chinaelectricitycouncil #EnergyMix #greenenergy #energypolicy #NonFossilFuelEnergy #nuclearenergy #carbonneutralgoals #Decarbonization #powercapacity #energytransition #GridCapacity #RenewableEnergyMilestone #RenewablePowerGrowth