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Showing posts from July, 2022

The rise of renewable energy means utility companies must change business models

  Missouri S&T – News and Events – The rise of renewable energy means utility companies must change business models (mst.edu) With the rise of individual households producing surplus power via solar panels and selling energy back to power companies, the profitability of electric companies could drop and lead to acquisitions and mergers. The electric industry has also seen changes in renewable energy integration and regulatory changes that could lead to shrinking profits and firm consolidations. A researcher at Missouri S&T is studying the hypothetical creation of energy oligopolies, a small group of companies with little competition, in the electricity industry and their chances of remaining profitable through the move to more renewable energy sources such as solar power. “Our study examines distributed energy resources, which are small-scale and local energy generation units connected to the grid at the distribution level,” says Dr. Mahelet Fikru, an associate professor of...

Merkley: 'We have to electrify everything with renewable energy'

  Merkley: 'We have to electrify everything with renewable energy' | KCBY EUGENE, Ore. —  Several senators sent a letter to the President, urging the administration to declare a climate emergency. Oregon Senator Jeff Merkley was one of the leaders trying to persuade the president to take this action, with the senators stating that a national emergency is not something to take lightly. We spoke with Senator Merkley about the letter and what the President would be able to do with the declaration. 0 seconds of 0 seconds Volume 90%   KVAL FOUND: Authorities locate 33-year-old Wilderville woman "What declaring a national emergency on climate would do, is to allow the president to move billions of dollars to tackle challenges we face,” Sen. Merkley said. “Energy efficiency, so that we use less fossil energy and building out renewable energy infrastructure. We have to electrify everything with renewable energy." The senator said that he would like to see the administration r...