Generac Holdings Inc. (GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, today reported financial results for its third quarter ended September 30, 2020 and provided an update on its outlook for the full year 2020.
The COVID-19 pandemic has had extreme consequences for the U.S. power industry, including a substantial reduction in energy demand and intensified supply-side competition. Even under the most aggressive recovery scenario, electricity demand will not return to pre-pandemic levels until 2024.
By 2030 electricity systems comprised entirely of solar, wind and batteries can provide both the cheapest power available and two to three times more total energy than the existing grid in the continental United States, and most populated regions globally, bankrupting coal, gas and nuclear power companies and slashing consumer costs dramatically, according to a new report by RethinkX.
Senet, Inc., a leading provider of cloud-based software and services platforms that enable global connectivity and on-demand network build-outs for the Internet of Things, today announced that Frost & Sullivan has issued the company a 2020 Enabling Technology Leadership Award for their leadership and progress in the North American Water Utility market.
Plug Power Inc. (PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, joins other transportation, gas and utility industry executives to promote the formal launch of the McKinsey study titled Road Map to a US Hydrogen Economy. The United States has long been a leader in global energy innovation, and US-based Plug Power (PLUG) is leading the hydrogen economy as the countr...
DALLAS, Sept. 01, 2020 -- The latest ranking of global solar companies by Mercom Capital ranks the Adani Group as the #1 global solar power generation asset owner in terms of operating and off-taker contracted solar projects. Adani Green Energy Limited established its first solar project in 2015 and even as recently as 2017 the Company had completed just two solar projects.
Siemens AG (SMAWF) said Tuesday that its portfolio company Wind Energy Generation, also known as WG, has been incorporated into Siemens's German subsidiary Flender GmbH. The German engineering conglomerate said the move fits into its plan to publicly list Flender in 2021.. As a result of the operation, Siemens (SMAWF) said, Flender will be able to add electro-technical capability in the production of generators for the wind industry, while its position in the wind power sector will benefit WG,...
Media Advisory TC Energy Corporation (TRP) announced today that Keystone XL has reached a project labor agreement with four leading U.S. labor unions that will inject hundreds of millions of dollars in middle-class wages into the American economy, while ensuring this pipeline will be built by the highest-skilled and highest-trained workforce.
The COVID-19 pandemic has dramatically altered electricity consumption patterns, shifting energy supply and demand curves that may lead to structural changes in the U.S. power sector sooner than previously expected.
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