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Shell has decided to pull out of its Atlantic Shores offshore wind project, a 50-50 partnership with EDF power solutions off the New Jersey and New York coasts. The company attributed its withdrawal to a strategic shift away from capital-intensive generation projects, opting instead to focus on assets that bolster its trading and retail operations. This move occurs as the Trump administration steps up opposition to offshore wind energy, a stance Shell's US leadership has recently criticized.
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Not all tipping points are negative when it comes to climate change. In fact, experts say that many positive tipping points -- where beneficial environmental changes accelerate -- exist and that it's important for cities and stakeholders to recognize and implement them quickly. One example is the move toward renewables, which has helped drive down solar panel and battery costs while delivering a positive environmental impact.
| Full Story: Grist (10/31) |
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US utility-scale battery capacity is projected to nearly triple by 2030, with almost 67 gigawatts of capacity expected to be added, according to this chart based on BloombergNEF data. The growth is driven by the increasing need to store excess solar energy, particularly in California and Texas, which have already seen significant benefits from battery storage. The trend is expected to continue due to incentives for battery storage under President Donald Trump and rising electricity demand.
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AI is transforming retail, but most retailers are unprepared. Join EPAM, Stripe, and commercetools on November 12 at 12 PM EST to learn how AI is redefining the shopper journey and why composability is key to responsible adoption. Register now to build an AI-ready commerce foundation.
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Belem's selection as COP30 host has triggered an unprecedented $1 billion in investments, transforming the cityscape with new venues, improved roads, revitalized waterfronts, and upgraded cultural sites. The event has brought attention to the city's historic role in the Amazon and aims to position Belem as a global destination for tourism and sustainable development. While officials and residents hope the summit's legacy will foster lasting economic growth and infrastructure improvements, questions remain about whether the momentum will continue after the conference ends.
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People tend to blame artificial intelligence and data centers for rising power prices, but new research from Lawrence Berkeley National Laboratory indicates that such projects have actually helped moderate prices. The real problem, it says, is that transmission and distribution costs are soaring. In this episode of the Open Circuit podcast, the team discusses LNBL's report, why infrastructure costs are rising, and what can be done to address the issue.
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The cost of Dominion Energy's Coastal Virginia Offshore Wind project has increased by $443 million from $10.9 billion to $11.2 billion due to tariff actions under the Trump administration. Dominion forecast a $193 million increase in August when tariffs sat at 10% for the EU and 25% for Mexico and Canada, but levies have since increased on imports from all three nations.
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The race for two seats on the Georgia Public Service Commission is drawing national attention as energy affordability becomes a pressing issue. The current commission has supported Georgia Power's decision to scale natural gas generation amid a projected boom in data center development, but some critics are advocating for challengers that would support a shift toward clean energy.
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Waaree Energies, one of India's leading solar panel producers, is restructuring its supply chain to bypass US import tariffs, sourcing cells from countries with lower tariffs to maintain its US market, which constitutes 60% of its orders. The company is expanding its US operations, including doubling capacity at its Houston plant and acquiring assets from Meyer Burger Technology.
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AI adoption is crucial for transforming the energy sector, with 88% of leaders deeming it vital for achieving energy goals, according to a report from Abu Dhabi National Oil and Microsoft. The report highlights significant AI applications such as predictive maintenance and smart grid management, with 73% of companies using AI across various functions. Investments in grid modernization and energy storage are essential to support AI's role, but cybersecurity remains a major concern.
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| The Most Popular Story in Yesterday's RESB |
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