Electricity generated from renewable energy sources totaled 795 million megawatt-hours (MWh) in the United States in 2021, surpassing the 778 million MWh of electric power generated from nuclear reactors. According to Energy Information Administration (EIA), wind and solar energy primarily contributed to the boost in power generation from renewables.
In a much-awaited report, the EU Agency for the Cooperation of Energy Regulators (ACER) delivered its conclusion on the role played by wholesale electricity markets in the ongoing energy price crisis, exacerbated by Russia’s war in Ukraine. The report states: “Whilst the current circumstances impacting the EU’s energy system are far from ‘normal’, ACER finds that the current electricity market design is not to blame for the current crisis”.
Xlinks, UK-based renewables company will develop and construct a new electricity generation facility entirely powered by solar and wind energy combined with a battery storage facility, which will transport electricity via HDVC cables from the home site in Morocco to the UK.
United Energy, an Australian electricity distributor will spearhead the country’s largest rollout of community-based batteries supporting highly targeted and localized needs later this year. The initiative will target United Energy’s network across Melbourne’s east, south east and the Mornington Peninsula. When complete, the fleet of batteries will be able to store the electricity needed to support 3,000 homes as part of an $11 million investment in new energy technology.
The Australian Energy Market Commission (AEMC) has announced a number of reforms intended to make electricity grids smarter and integrate solar and battery power into power production. Power network companies will be responsible for making their businesses more efficient by digitalising electricity grids.
The European Commission has given permission to an aid scheme presented by the French government to support renewable electricity production. The scheme grants support to operators of solar energy, onshore wind energy and hydroelectric plants by means of a competitive bidding process. The scheme has a total budget of around €30.5 billion and will serve eligible French renewable producers for a period of 5 years. France hopes to procure 34 GW of renewables generation capacity by 2026 under the incentive scheme.