forecast

The U.S. electric power sector is experiencing a surge in renewable energy deployment, yet the grid faces mounting pressure from skyrocketing demand and shifting federal policies. As data centers and

A new report from GlobalData, a data and analytics group, projects global nuclear power capacity will hit 494 GW by 2035. The group said capacity gains will be tied to advancements in deployments of small modular reactors (SMRs), along with the continuing worldwide shift to cleaner forms of energy.

Net-demand energy forecasts are critical for competitive market participants, such as in the Electric Reliability Council of Texas (ERCOT) and similar markets, for several key reasons. For example, accurate forecasting helps predict when supply-demand imbalances will create price spikes or crashes, allowing traders and generators to optimize their bidding strategies. It’s also important for asset […]

The new year always provides a great opportunity to take a look back to see what POWER got right (or wrong) in our previous industry forecast. More importantly, it gives us a chance to look ahead. Some things

The push for decarbonization in Europe is reshaping the power sector. Stringent environmental regulations and ambitious renewable energy targets have necessitated the expansion and upgradation of the electricity distribution network. This is to accommodate the increased adoption of distributed energy resources (DERs) and electrification across sectors. These factors are expected to significantly drive the demand […]

AccuWeather’s team of expert meteorologists is warning people and businesses to start preparing for a frenzy of tropical activity that could have major impacts on the U.S. this hurricane season. “The 2024 Atlantic hurricane season is forecast to feature well above the historical average number of tropical storms, hurricanes, major hurricanes, and direct U.S. impacts,” […]

The winter heating season, which is often defined as November through March in the U.S., is coming to an end with natural gas inventories 37% above the five-year average, according to the U.S. Energy Information Administration (EIA). Reduced consumption in the residential and commercial sectors this winter has been blamed for the high natural gas […]

Power companies need precise weather forecasts for a variety of reasons. Several companies specialize in providing the type of weather information utilities need to accurately predict resource availability and

Natural gas–fired power generation has seen its ups and downs over the past couple of decades. In some cases, highly efficient combined cycle units were taken offline because they just weren’t needed. But

If you’ve paid attention to the cleantech news cycle this year, you know it’s been a roller-coaster ride. I’ve been in the cleantech/energy transition sector for 20 years and wrote the first history on the term cleantech 15 years ago. I’ve seen the many ups and downs surrounding the industry. Today’s current playing field is […]