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  • Norway’s Statoil Embraces Broader Energy Future with New Name

    Norwegian multinational oil and gas company Statoil yesterday said that it plans to change its name to Equinor to reflect its evolution into a “broad energy company” that will include renewables. Source: Renewable Energy

  • World Bank approves US$375 million IDA credit to support Ethiopia 2025 goal

    The World Bank Group has approved a US$375 million International Development Association (IDA) credit to support Ethiopia’s goal of achieving universal electricity access by 2025. Source: Renewable Energy

  • Global Solar Installations Jumped 29 Percent in 2017

    Global solar power saw considerable success last year, with installations increasing by about 29 percent to 98.9 GW from 76.5 GW in 2016, according to data released today by SolarPower Europe. Source: Renewable Energy

  • Puerto Rico-Based Fortune 500 Company Banks on Reliable Power for a New Microgrid

    On Wednesday, March 14, 2018, Fairbanks Morse announced that it has delivered its PoweReliability-as-a-Service platform to a Fortune 500 company in Puerto Rico. The installation provides a dual fuel combined heat and power (CHP) microgrid with approximately 10 megawatts of capacity.   Source: Renewable Energy

  • Efficiency Startup Gets Funding to Cut Energy Use by Buildings

    Carbon Lighthouse, a San Francisco-based energy-efficiency company, raised $27 million to expand its engineering and marketing efforts. GRC SinoGreen Fund led the oversubscribed funding round and JCI Ventures, SV Tech Ventures and EBay founder Pierre Omidyar’s Ulupono Initiative also participated, according to Carbon Lighthouse Chief Executive Officer Brenden Millstein. Other investors included Ekistic Ventures, Tom Steyer’s Radicle…

  • Egypt Brings Online First Plant in 1.8-GW Solar Park

    Egypt inaugurated the first solar power plant at a remote desert complex where the government plans to generate as much as 1.8 GW from the sun, cutting the most populous Arab nation’s reliance on dirty and expensive fossil fuels. Source: Renewable Energy

  • A Global Game Changer for Energy Efficiency Investments

    A new underwriting and risk assessment standard could help scale up this $1 trillion global market. Source: Renewable Energy

  • Inside Renewable Energy: Cue the Smart Storage — What Artificial Intelligence Can Do for Our Energy Storage Future

    Artificial intelligence (AI) has a broad set of applications, and exactly how it could be applied in the renewables sector and what changes it might bring to the grid can seem elusive. But this future-like technology is already hard at work for our power system. Stem Inc.’s Larsh Johnson explains in this episode. Source: Renewable…

  • World’s First Energy Storage Fund to List in London

    Gore Street Capital plans a London listing for the world’s first energy storage fund. The London-based private-equity firm is seeking to raise 100 million pounds ($139 million) from the initial public offering expected later this month on the London Stock Exchange.  Source: Renewable Energy

  • Solar PV in China Looks Promising for 2018

    China’s solar PV market experienced rapid growth during the first three quarters of 2017, adding 43 GW in new PV installations, according to data released by the National Energy Administration of China.  Source: Renewable Energy