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Coal Power In A ‘Death Spiral’ In Europe, Where Mo...

Maybe someone should tell Donald Trump. Coal power is in a “death spiral” in the European Union, with 54 percent of its coal plants losing money, according to a new report published Friday. Ninety-seven percent of the EU’s 619 coal plants will be losing money by 2030, according to the analysis from U.K. nonprofit Carbon Tracker, which looked at the profitability of every coal plant. Under current phase-out plans, only 27...

General Electric to cut 12,000 jobs in power busin...

ZURICH/LAS VEGAS (Reuters) – General Electric Co (GE.N) said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company. The U.S. company launched the cuts to save $1 billion in 2018 at its Power business, saying it expects dwindling demand for fossil fuel power plants to continue. GE’s cuts follow a decision by...

Bid to Revive U.S. Solar Factories Faces Familiar ...

A bankrupt Georgia company is pushing to revive U.S. solar manufacturing with a trade case that’s headed for the president’s desk. The simmering dispute from Suniva Inc. stands a good chance of leading to import tariffs, but don’t expect that to bring the jobs back.  While at least six Asian solar companies say the prospect of trade barriers has them weighing the idea of opening factories in the U.S., they’re likely...

Advocates say recent net metering changes could sl...

Recent rule changes in Ohio would not fully reward solar energy and other renewable resources for the flexibility they bring to the market, say advocates. On November 8, the Public Utilities Commission of Ohio released new net metering rules on how utilities compensate customers who supply their own excess generation to the grid. Compared to rule changes adopted in 2014, the changes reduce the amount customers get, limit...

$1 Trillion Norwegian Fund Weighs Dropping Oil and...

Norway’s sovereign-wealth fund said on Thursday it may stop buying oil and gas stocks, a move that would deprive the energy sector of investment from a $1 trillion asset manager. The Norwegian central bank, which uses the fund to invest the proceeds of the country’s oil industry, said that investing money back into the energy sector amplifies the government’s exposure to the price of crude, particularly given the country’s...

The cost of installing solar energy is going to pl...

the price is right Barcroft Images / Barcroft Media via Getty Images The cost of installing solar energy is going to plummet again. Utility-scale solar power costs could drop 60 percent over the next 10 years, provided the Trump administration refrains from tanking the solar industry. The already booming renewable energy sector will see a sharp drop in costs thanks to improvements in efficiency and technology, the head of...

If Trump is looking out for consumers, he’ll rejec...

President Trump is about to confront a policy dilemma that will test his commitment to U.S. job growth. The dilemma in question is manifested in a trade tariff case brought by two troubled U.S. photovoltaic manufacturers, Suniva and SolarWorld, that have sought protections against Chinese-made solar-panel imports. The U.S. International Trade Commission has heard the case and last month made a tangled recommendation based on...

AEP Exec: The Future for Coal Power Is ‘Very Limit...

American Electric Power plans to spend $1.8 billion on wind and solar over the next three years as it shifts away from coal. When Charles Patton joined American Electric Power in 2000, around 90 percent of the company’s electricity production came from coal. Since then, AEP’s executive vice president of external affairs says things have changed dramatically. “I will confess, there was a time I wouldn’t have publicly...

Despite Trump promises, uncertainty reigns in Ohio...

A plan by the Trump administration to rescue uneconomic coal plants has done little to ease the pall of anxiety hanging over two Ohio River counties. By next June, Dayton Power and Light (DP&L) will close two coal-fired plants in Adams County, Ohio — the 2,318-megawatt coal-fired J.M. Stuart Station, opened in 1971, and the 618-megawatt Killen Station, started 11 years later. Less than a year after DP&L announced its...

WORLD’S LARGEST OIL COMPANIES: Deep Trouble As Pro...

The world’s largest oil companies are in serious trouble as their balance sheets deteriorate from higher costs, falling profits and skyrocketing debt.  The glory days of the highly profitable global oil companies have come to an end.  All that remains now is a mere shadow of the once mighty oil industry that will be forced to continue cannibalizing itself to produce the last bit of valuable oil. I realize my extremely...

Governments Giving Fossil Fuel Companies $10 Milli...

Energy companies receive $5.3 trillion a year in funding from governments worldwide, says financial powerhouse. The fossil fuel industry receives $5.3 trillion a year in government subsidies, despite its disastrous toll on the environment, human health, and other global inequality issues, a new report by the International Monetary Fund (IMF) published Monday has found. That means that governments worldwide are spending $10...

IEEFA Update: Coal Is Dying, and EPA’s Clean Power...

Energy Policy From Washington Drifts Toward Irrelevance By turning the clock back on American energy policy through reversal of the Clean Power Plan, EPA Administrator Scott Pruitt — if he succeeds — will end up making electricity for everyday Americans more expensive. And as power bills rise so will the coal industry’s harmful impacts public health and the environment. I say “if he succeeds” because his order will very...

Perry proposes law to force Americans to buy dirti...

Energy Secretary ignores his own grid study to make good on his threats to punish renewables In a brazen move, Energy Secretary Rick Perry has ignored the findings of his own grid study and proposed a new federal rule that would effectively force Americans to buy dirtier, more expensive power. The Department of Energy (DOE) announced Friday morning that Perry has “formally proposed that the Federal Energy Regulatory...

GM commits to ‘all-electric future’ as...

This photo provided by General Motors Co. shows a Chevrolet Bolt, surrounded by nine electric and fuel cell vehicles covered by tarps. On Monday, Oct. 2, 2017, GM announced the company will produce two new electric vehicles on the Bolt underpinnings in the next 18 months and 20 electric and hydrogen fuel cell vehicles by 2023. (Courtesy of General Motors Co. via AP)(AP) General Motors presented its strategic vision on how it...

6 Ways to Encourage American Solar Manufacturing W...

The U.S. needs solar manufacturing. But not through Section 201. The verdict is in: By unanimous ruling, the U.S. International Trade Commission found that increased imports are causing serious harm to U.S. solar cell and module manufacturing. While domestic deployments of solar have grown nearly eightfold in the past five years, U.S. manufacturing has fallen behind. Previous trade cases were intended to stabilize pricing...