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The POWER Interview: Importance of Pricing Data for Renewable Energy

May 4, 2022

The highs and lows of markets for renewable energy are driving more interest in granular pricing data. Any company embarking on a new project must do its research to ensure that it calculates the proceeds based on the right financial information. With so much data now readily available, it’s more important than ever to use the right data, and make accurate calculations.

Amid the boom in demand for renewable power plants, that is not always happening when backers go to measure the value of the energy they will generate. Here’s why, according to Jennifer Newman, vice president of Atmospheric Science Research at REsurety, the Boston, Massachusetts-based renewable industry data and analytics company, who says friends don’t let friends use “8760s.”

POWER: What is an 8760 and how is it used in the renewable energy industry?

Newman: An 8760 (sometimes referred to as a typical meteorological year or TMY) consists of hourly generation values for a wind or solar project for all 8,760 hours of a typical year.…

Duke Energy Could Power Purdue with Nuclear Project

April 28, 2022

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Small modular reactors (SMRs) are widely considered the best technology to increase the use of nuclear power worldwide, with advocates touting their zero-emission production of electricity, smaller land footprint, and scalability. SMRs also offer a cost savings over construction of new utility-scale nuclear reactors.

Powering a college campus with nuclear energy has increasingly been a topic of discussion in recent years, as universities try to reduce their carbon footprint and many seek to upgrade older, fossil fuel-powered central utility plants. Purdue University and Duke Energy on April 27 announced that officials will jointly look at the feasibility of using nuclear power to meet the school’s energy needs.

“No other option holds as much potential to provide reliable, adequate electric power with zero carbon emissions,” said Mitch Daniels, Purdue’s president since 2013 after serving two terms as Indiana’s governor. “Innovation and new ideas are at the core of what we do at Purdue, and that includes searching for ways to minimize the use of fossil fuels while still providing carbon-free, reliable, and affordable energy.…

British Energy Security Strategy

April 25, 2022

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Fueling a Cleaner Future with a Hydrogen-First Economy: The New Green Energy Disrupting Power Distribution Companies

March 28, 2022

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Today, hydrogen is experiencing unprecedented demand. Its potential to become a key facilitator of a global transition to a net-zero emission economy, and provide a clean energy solution, has not gone unnoticed by industries worldwide—especially in the energy, utilities, and resources sector. But introducing a hydrogen-powered energy economy is no light decision, it will affect all aspects of how we generate and transmit power. Organizations must rely on modern technology and infrastructure to support a shift that will have an impact on the industry for the next 150 years.

Rising concerns about the effects of climate change, pledges to net-zero carbon emissions, and commitments to reducing greenhouse gases populate our energy landscape. Many would agree that hydrogen has the potential to help solve all. From its energy efficiency, lack of emissions, and access readiness to representing the most plentiful energy source on earth and throughout the galaxy—ultimately, hydrogen has the greatest potential to transform energy, utilities, and resources (EUR).…

UK PM Boris Johnson Makes a Big Promise on Nuclear Energy. Can He Keep it?

March 26, 2022

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Note to Readers For the latest news on nuclear energy issues in Ukraine sign up to receive the newsletter of the American Nuclear Society Rapid Response Taskforce It has updates on the status of nuclear facilities impacted by the Russian invasion of Ukraine. Also, the International Atomic Energy Agency at iaea.org is publishing periodic bulletins. UK PM Johnson Makes..
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Let’s translate the Energy Transition!

March 21, 2022

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Let’s translate the Energy Transition! This week I present a different theme than the need for Energy Efficiency. Let’s talk about communication within this theme. Governments and investors are spending today billions on Sustainable Energy, which stands for Energy Efficiency & Renewable Energy. As this was first triggered by Climate Change, now also the Security of Supply..
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