U.S. oil and gas companies, and their investors, are at risk of significant stranded assets because they are not adequately reflecting the impacts of the climate crisis and the clean energy transition in their financial reporting
Facing inevitable attacks to their networks by hackers, electric utilities are making progress in prioritizing cybersecurity to ensure that they can deliver and maintain safe, secure utilities for all. However, this year’s Strategic Directions: Electric Industry Report shows even as leaders work to ensure grid security, major gaps remain in the areas of asset security control and security risk awareness.
Renewable electricity purchasing in the commercial, industrial, and institutional sector (C&I) has exploded, bolstered by rapidly falling prices and improvements in technology. NGO mandates, such as the Scope 2 protocol, have further driven market development around the world.
ENGIE NA and Holyoke Gas & Electric (HG&E) today announced plans for the largest utility-scale energy storage installation in Massachusetts. Green Charge, an ENGIE NA subsidiary, will operate the three-megawatt energy storage system at Mt. Tom Solar, which began operation in January of this year adjacent to the former Mt. Tom Power Station. The system will be used to optimize intermittent solar energy and reduce utility capacity costs for HG&E, the system’s customer, while reducing stress on the HG&E distribution system. This project will contribute to rate stabilization for HG&E customers over the next 20 years.
55% of clients at the Energy & Sustainability Perspectives Summit revealed lack of organizational alignment as the top factor preventing them from reaching their energy and sustainability goals
For growing maritime nations like Indonesia and the Philippines, integrated liquefied natural gas (LNG) receiving terminals and gas-fired gen can help balance the power mix. Although coal remains the No. 1 fuel choice, LNG and gas-to-power development could gain momentum, according to this year’s Electric Industry Report.
Amid interwoven and oft-cited concerns about reliability, cybersecurity, funding and aging infrastructure, this year’s survey results again reveal that electric industry leaders view risk-based planning, long-term budgeting and preventive maintenance as key to ensuring that asset health and reliability are sustained.
The federal government has long played a central role in shaping U.S. energy independence and security. Today, however, we stand at an inflection point where states, municipal governments and even corporations are stepping up to become the primary drivers of the future of clean energy.
A new administration has vowed to roll back numerous environmental regulations aimed at reducing the nation’s carbon footprint. Does this give power providers new impetus to rewrite their long-term planning? This year’s Strategic Directions: Electric Industry Report finds this isn’t necessarily the case.
The current administration has revived debates over coal’s role in the country’s overall energy mix. Still seen as one of the most economical generation resources, some believe coal may experience a revival of sorts. However, most forward-looking infrastructure investors and industry leaders are not as optimistic – read more in this year’s Strategic Directions: Electric Industry Report.
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