If fusion technology can be successfully commercialized and integrated into the electric grid, it could go a long way toward addressing climate change and future energy crises. A growing number of private enterprises are aiming to help demonstrate its practical viability.
The Department of Energy Resources released its report on "the necessity, benefits and costs" of pursuing an additional 1,600 megawatts of offshore wind power, which the Legislature last year authorized but did not mandate, and concluded that it would be a good bet for ratepayers, the environment and the economy.
The study found both benefits and concerns regarding solar power’s ability to meet peak demand and said further work should be done to establish capacity payments that would make wider solar power penetration more viable.
Mattias Josephson, CEO of Epishine, a Swedish cleantech company, says his company has made several roll-to-roll process breakthroughs which he believes are key to the tipping point to printing organic photovoltaic cells.
Michigan regulators approved Consumers Energy's latest integrated resource plan, which will shutter its Karn coal-fired plant by 2023, setting the utility on a course to eliminate coal entirely and by 2040 reduce emissions from power plants by 90%.