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renewable energy resource

JPMorgan Chase and Brookfield Renewable Launch Collaboration to Power Over 500 Offices and Branches in New York with 100 Percent Renewable Electricity

JPMorgan Chase and Brookfield Renewable today announced a five-year energy agreement for supplying clean, renewable electricity to over 500 of JPMorgan Chase’s real estate operations in New York State. Brookfield Renewable, which is, together with its institutional partners, an owner and operator of one of the world’s largest publicly traded renewable power platforms, will provide […]

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NV Energy Requests Bids for Major Addition to Renewable Energy Portfolio

NV Energy today issued a request for proposals to add new renewable energy projects to its portfolio. This announcement follows the Public Utilities Commission of Nevada’s (PUCN) December 2019 approval of 1,190 megawatts of new solar energy and 590 megawatts of battery storage to be built in Nevada and serving customers by Jan. 1, 2024. […]

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Iberdrola Acquires New Mexico and Texas Utility PNM Resources

Iberdrola, through its US subsidiary AVANGRID, has announced the acquisition of PNM, the largest utility in New Mexico with operations in Mexico. Iberdrola, through its US controlled subsidiary AVANGRID, has announced the acquisition of PNM. This friendly transaction, recommended by PNM’s board of directors, will be effected via merger. PNM’s shareholders will receive $4.3 Bn […]

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Eos Energy Storage Announces Additional Contract with Carson Hybrid Energy Storage

Eos Energy Storage, a leading manufacturer of safe, low-cost and long-duration zinc battery storage systems, today announced that it has entered into an agreement to supply Carson Hybrid Energy Storage, with six units of Eos Aurora® 500 kWh Zinc Hybrid Cathode Battery Energy Blocks. Eos will manufacture, design and deliver its zinc-based battery solutions to […]

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Fluence Acquires Advanced Microgrid Solutions’ AI-Driven Software and Digital Intelligence Platform for Renewables and Energy Storage

Fluence, a Siemens and AES company, today announced it has acquired the digital intelligence platform of AMS, the leading provider of A.I.-enabled optimized bidding software for utility-scale storage and generation assets. The combination of the two companies’ technologies will help utilities, developers, and commercial and industrial customers optimize energy storage and flexible assets to deliver […]

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Renewables get an Early Start on Beating Coal Generation: IEEFA US

The market window for coal-fired electricity in the US is closing faster than ever in a shift that is especially clear as autumn sets in. From July through October 5, renewables (utility-scale solar, wind and hydropower) generated more electricity than coal in the US on nine days—easily topping the total of five days recorded over […]

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Need for Decreasing Energy Consumption Driving Demand for Smart Solar Solutions

The focus on renewable energy resources has risen considerably over the years. With the condition of the environment worsening day by day due to the excessive utilization of fossil fuels for energy generation, governments of different countries are now paying attention to renewable energy resources. Moreover, the population across the globe has been increasing at […]

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CDF and IRENA Partner to Support Energy Transition in the Caribbean

IRENA has signed an MoU with CDF to support a transition to a low carbon economic development model in the Caribbean Small Island Developing States (SIDS). The International Renewable Energy Agency (IRENA) has signed a Memorandum of Understanding with the CARICOM Development Fund (CDF) to support a transition from fossil-fuel dependency to a more resilient […]

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Global Energy Storage Capacity to Reach 741 GWh by 2030: WoodMac

A new report by Wood Mackenzie’s has estimated that the global energy storage capacity additions could grow to reach 741 GWh of cumulative capacity by 2030. A new report by research agency Wood Mackenzie’s has estimated that the global energy storage capacity additions could grow at a compound annual growth rate (CAGR) of 31 percent, […]

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