Uneven pace of FERC Order 2022 implementation continues as grid operators face challenges
I hardly think of this as news; these concerns have been talked and written about since 2009
Energy Central…
Tag: Pace
Clean Energy Adds Jobs, but Pace Is Slow
The post Clean Energy Adds Jobs, but Pace Is Slow appeared first on POWER Magazine.
An analysis of federal labor data for the clean energy sector shows renewable energy and other industries are adding jobs after months of declines brought on by the coronavirus pandemic. But the gains in July were lower than those in June, signaling sectors such as solar, wind, energy storage, energy efficiency, and electric vehicles continue to struggle amid the COVID-19 outbreak.
The American Council on Renewable Energy (ACORE), Environmental Entrepreneurs (E2), and other clean energy advocacy groups responded to a report from BW Research Partnership released August 12 that showed clean energy industries added 3,200 jobs in July, a far cry from the more than 106,000 jobs added in June. The groups, though, said the sectors’ combined unemployment is still about 15% below the levels from earlier this year, prior to pandemic-induced lockdowns that resulted in more than 620,000 lost jobs in the clean energy sector at the peak of job losses in May.…
GE Stock Falls as CEO Backs ‘Deliberate’ Pace of Change
Shares of General Electric (GE) have fallen about 50% over the past year, and on May 23 GE saw its stock drop more than 7%, its biggest one-day loss since April 20, 2009. Much of Wednesday’s decline came as CEO John Flannery was speaking to attendees at the Electrical Products Group (EPG) conference in Longboat Key, Florida.
Flannery told the group he thinks Wednesday’s selloff could be due to investors who are disappointed he has not done more—and moved more quickly—to reorganize the company and stem the tide of financial losses, in large part caused by a slowing global market for gas turbines that has dogged the company’s Power division. Flannery acknowledged he has moved at a “deliberate” pace since taking over the company in August of last year.
Flannery, who has worked in various roles at GE since 1987, said he’s heard the grumblings, such as “What’s taking so long?” with the company’s turnaround plan, a plan the chief executive talked about even before he took the reins of GE from outgoing CEO Jeffrey Immelt.…