Clean Energy Sources Outstrip Coal In The US—Report

Market News | June 18, 2019

Previously, US coal industry was severely affected by the boom in natural gas at present; it is facing serious pressure due to increase in renewable energy sources. Due to this, most of the American power plants will be able to generate energy from natural sources and produce less carbon emission. During a press meet, Jeff McDermott said that coal is meant to get exhausted in the upcoming future and it holds no prospect for industries. Back in April 2019, a report was released in which it was clearly stated that in comparison to coal, renewable sector can generate more energy. At present, US has drastically decreased its demand for coal. According to another report the overall coal consumption in the US took a plunge of about 39%. This change is witnessed even when the President Trump had promised that he would change environmental rules and make coal industry boom. During an exclusive interview, Matthew Hoza said that power plants of America will continue to use renewable energy sources irrespective of the measures the government will take. He further stated that the use of renewable energy sources is also beneficial for the citizens of America.

Spotlight

The report highlights a number of key developments during 2014 to ensure the establishment of ocean energy markets in Europe and worldwide, including: About 30 tidal and 45 wave energy companies are currently at an advanced stage of technological development, with a number of technologies nearing pre-commercial array demonstration and others deploying full-scale prototypes in real-sea environments.

Spotlight

The report highlights a number of key developments during 2014 to ensure the establishment of ocean energy markets in Europe and worldwide, including: About 30 tidal and 45 wave energy companies are currently at an advanced stage of technological development, with a number of technologies nearing pre-commercial array demonstration and others deploying full-scale prototypes in real-sea environments.

Related News

SOLAR+STORAGE

3E Introduces New Digital Solutions for the Renewable Energy Sector

3E | April 05, 2021

3E has revealed some details about its current positioning and expanding range of digital solutions. SynaptiQ, the company's digital platform, and its new upcoming applications, Solar Analytics and Wind Analytics (a collaboration with LivLiner), as well as a brand-new UI for the Asset Operations framework, aim to digitalize renewable energy assets. 3E has also unveiled a revised brand image as well as a new website. Following two decades of continuous innovation and investment in renewable energy, solar and wind are now the most viable and cost-effective options in most parts of the world. Over the next decade, we foresee even more growth, led by increasing energy demand and decreasing supply costs, as well as consolidation of the sector as it matures. Furthermore, due to tightening regulations, diversifying portfolios, and increasingly strict grid standards, the construction, and maintenance of energy infrastructure are becoming more complicated. Renewable energy consumers, operators, and developers want a long-term technology partner with both local expertise and global reach now more than ever before. SynaptiQ becomes 3E's innovative digital platform, placing the company's domain expertise and insight at the fingertips of its customers and helping them to plan, create, and operate renewable assets effectively from anywhere in the world. SynaptiQ integrates all of 3E's SaaS solutions which will help renewable energy projects from concept to completion. It employs artificial intelligence (AI) to centralize and supplement all available data, setting new performance and energy yield goals while dramatically lowering plant costs. It also has an open data and software framework developed by solar and wind experts, which helps to reduce investment costs while maximizing asset efficiency. Three New Digital Solutions on the Way In the spring of 2021, 3E will be launching one updated and two new SynaptiQ applications: • Asset Operations: an application that provides robust features outside monitoring to optimize the operations, performance review, and reporting of the renewable energy portfolio. This solution has been upgraded with a revised user interface. • Solar Analytics: an AI-based solution for automatic production loss detection and diagnosis, offering insightful feedback and actionable guidance to improve the efficiency of solar assets. • Wind Analytics – LivLiner Inside: An AI-based solution co-developed by 3E and Livliner for automatic output failure detection and diagnosis, offering forward-looking insights and actionable recommendations to increase wind asset efficiency. In the coming months, the company will also add more valuable SaaS applications, such as ‘Asset Flexibility' and ‘Yield Analysis.' The continued development in renewable energy, as well as the popularity of the company's digital solutions, prompted a redesign of 3E's branding and website. The new website will serve as a one-stop-shop for its SaaS offerings and will be expanded as new solutions become available.

Read More

ENERGY

AppGuard Launches Zero Trust Incident Response Initiative for Endpoints to Address Similar Threats to the SolarWinds Breach Mitigation

AppGuard | January 20, 2021

It has been reported that the highly sophisticated breach of SolarWinds and the cyberattack that was spread through its Orion platform has impacted an estimated 18,000 customers and went undetected for months. "We must come together to defend against an attack of this magnitude" says Brody Ehrlich, AppGuard Chief Operating Officer. "The damage done to governmental agencies and enterprises is not fully recoverable and this type of threat is repeatable for the next group to emulate, whether it uses SolarWinds or another widely used application. AppGuard's software is uniquely positioned to assist cyber defense solutions providers because we can implement specific protections designed to mitigate threats of this type, even in cases where it goes undetected for a period of time." AppGuard is pleased to announce a rapid response offering developed to be deployed by our trusted partners and incident response teams, to assist in mitigating this threat and others like it. We expect that governmental agencies, healthcare providers, and enterprises within the government supply chains are at highest risk and will bear the brunt of future attacks of this nature. "Traditional cyber technologies and solutions such as EDRs, Next Generation AV (NGAV), White Listing/Application controls could neither identify nor contain the compromise. This is common of tools that seek to diagnose the threat instead of defending the risk points. AppGuard's zero-trust defense prevents and contains compromises to systems and infrastructure," adds Fatih Comlekoglu, the Chief Technology Officer and inventor of the AppGuard technology. "This SolarWinds exploit and breach shows us why having a Zero Trust solution in place to protect your endpoints and servers is more critical than ever before. AppGuard's patented controls give organizations a way to adopt zero trust policies faster than any other solution" said Kristen McFadden Gandhi, Global SVP of Product at AppGuard. "With AppGuard's autonomous policy engine in place, customers can make use of SolarWinds functions while protecting themselves from the dangerous processes spawned by the malicious code. We already have some customers doing so now."

Read More

World's First High-Frequency Decentralized Energy Market Helps Drive Port of Rotterdam's Energy Transition

Prnewswire | October 05, 2020

The first high-frequency decentralized energy trading platform was successfully piloted at the Port of Rotterdam. Jointly developed by S&P Global Platts and BlockLab, Distro is a new microgrid electricity trading platform that leverages both Artificial Intelligence and Blockchain's distributed ledger technology. Under the ongoing trial that commenced in August 2020, commercial energy consumers in the Port of Rotterdam's iconic innovation dock, where the world's largest submarines once used to slip off the ramp, used the Distro microgrid trading platform to actively trade renewable energy derived from solar and battery storage, matching demand with intermittent power generation. The results of the trial saw:

Read More