9 October 2016 2016 11:47 AM GMT

US, Canada Boost MIT Research On Clean Energy Sources Of Electricity

Hydro-Québec President and Chief Executive Officer Éric Martel has announced that it will provide a total of CA$100,000 over a two-year period to a research initiative spearheaded by the Massachusetts Institute of Technology (MIT) of Cambridge, Massachusetts –, the climate change think tank, Ouranos, located in Montréal, and the business school HEC Montréal (HEC), also in Montreal.

The agreement provides for the development and implementation of an important modeling tool that will be available for climate change researchers. The tool will focus on Québec and New England and will seek to identify opportunities for optimal expansion of renewable energy sources in the two regions, including expanded trade in electricity.

The three research organizations held a signing ceremony in Boston in presence of the Premier of Québec, Philippe Couillard, who is attending the 40th Annual Conference of New England Governors and Eastern Canadian Premiers.

“Hydro-Québec is pleased to be a part of the development of an integrated renewable energy policy model that would help inform decision-makers on both sides of the border, expand the regional, cross-border trade in clean electricity, and reduce greenhouse gas emissions across the continental northeast and ultimately North America,” said Éric Martel, CEO of Hydro-Québec. “Massachusetts has continuously shown leadership on climate issues and establishing closer ties with MIT, known worldwide for the quality of its research, really highlights the know-how of both Ouranos and HEC, two leading Québec institutions in the field of energy and climate change.”

Within the context of Hydro-Québec’s international strategy, cooperation with these research centers will help the company advance its robust R&D agenda on the regional and global levels.

Hydro-Québec delivers electric power and services with reliability and quality. It states, that by developing hydraulic resources, it makes a strong contribution to collective wealth and plays a central role in the emergence of a low-carbon economy. As recognized leaders in hydropower and large transmission systems, the company exports clean, renewable power and commercialises its expertise and innovations on world markets.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 14th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

November 27th 2018
Solar And Wind Provide 100% Of New Generating Capacity Additions In September

US – According to an analysis by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), solar and wind were the only energy sources adding new capacity to the U.S. electricity generation mix in September. Three “units” of new wind accounted for 363-MW while nine units of solar provided 339-MW.

August 12th 2019
Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

solar energy qmqr18