Renewable electricity is becoming increasingly accessible for companies striving to meet their sustainability goals. They can either generate it themselves or procure it from third-party providers. There are seven options a chemical company can use to obtain renewable electricity such as owned on-site generation, owned off-site generation, on-site Power Purchase Agreements (PPAs) / operating leases, […]
Greener chemical operations – Part 1: Renewable electricity options
The chemical industry, a hard-to-abate sector, is a major source of greenhouse gas (GHG) emissions due to its high energy consumption. This significant energy use is largely driven by the extensive operation of furnaces and boilers, particularly in producing products such as ethylene. To address this, the industry faces considerable pressure to decarbonize and one […]
Alcohol-to-jet: Fueling the future of SAF
As the world moves towards a more sustainable energy future, ethanol and methanol could play a key role in powering not just vehicles but also airplanes. With mandates in place in the U.S. and EU for the use of sustainable aviation fuel (SAF) and initiatives by organizations such as the International Air Transport Association (IATA) […]
Clean energy bonanza: the struggle to connect to the grid
The clean energy revolution is upon us, and the U.S. grid is feeling the growing pains. A staggering 2,600 gigawatts (GW) of renewable energy projects, primarily solar and wind, are lined up waiting to connect to the grid . This clean energy tsunami is more than double the existing generating capacity in the U.S., signifying […]
Growth drivers for smart grids
Electricity demand is rapidly growing across the globe. We see that global investment in electric utilities is increasing with almost 7% annual growth to ~$1,500 billion in 2030. These investments in electricity sector worldwide, particularly the push for greener energy, stands out as a crucial driver behind the demand for smart grid infrastructure. Green power […]
How large can the AI market grow?
Recent developments in artificial intelligence (AI), machine learning (ML), cloud computing, and other technologies are leading to rapid implementation in various industries around the world. These developments have only been possible due to recent increases in computing power and availability of vast datasets needed to train AI programs. This along with improved algorithms for training […]
The rising tide of capital investments in U.S. utilities
The U.S. energy landscape is undergoing a significant transformation leading to an impressive increase in capital expenditure (capex) in the utility sector. This upsurge in investment is fundamentally changing how energy is generated, transmitted, and consumed throughout the country. Several tailwinds are propelling the growth of capital investments in the utility sector in the U.S.: […]
Top chemical companies transitioning toward sustainability
One of the largest problems affecting the chemical industry in recent years has been the pressure to transition toward clean energy and reduce carbon emissions. More than 20 of the firms in the Chemical & Engineering News (C&EN) Global Top 50 have made investments recently in sustainability or currently have sustainability projects in development. At […]
Renewable energy credits: Making green energy possible
As renewable energy capacity addition accelerates, the renewable energy credit (RECs) can play an important role. But what exactly is an REC and how does it work? RECs are tradable, non-tangible commodities or digital certificates that demonstrate that one megawatt-hour (MWh) of electricity was generated from a renewable energy resource and then delivered to the […]
Decarbonizing with RNG: A path to a cleaner future
Policy, regulatory, and sustainability pressures coupled with financial incentives such as the value of Low Carbon Fuel Standard credits in California have led to significant interest and activity in renewable natural gas (RNG) over the past few years. Maturing business and technology models and the ease of integrating RNG into existing natural gas infrastructure have […]
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