Equinor ASA, a significant entity in the global energy sector, is downsizing its renewables unit, signaling a strategic shift from expansion to profitability in light of high costs and reduced returns. This decision comes at a time when many European utilities are reassessing their renewable
The recent election results have triggered a wave of anxiety and uncertainty in the renewable energy sector, with many investors fearing the potential policy changes that could arise under a Trump administration. These fears have manifested in a sharp decline in renewable energy stocks, as market
In a significant move towards a cleaner energy future, the North Carolina Utilities Commission (NCUC) has approved an ambitious integrated resource plan (IRP) for Duke Energy Progress and Duke Energy Carolinas. This plan, proposed in August, aims to balance energy reliability with substantial
New York City is taking a bold step toward a sustainable future with a groundbreaking pilot project in Brooklyn. This $9 million initiative, led by Con Edison and First Student, aims to revolutionize the integration of electric school buses into the urban power grid. The project is not just about
Duke Energy is embarking on an ambitious and significant expansion of clean energy resources across the Carolinas following a comprehensive decision by the North Carolina Utilities Commission (NCUC). This detailed plan aims to balance the transition to cleaner energy with maintaining grid
The rise of renewable energy sources like wind and solar has introduced complexities in managing power grids due to their intermittent nature and varying output levels. Researchers at the University of Virginia have tackled this issue by developing an innovative AI model leveraging multi-fidelity
