The inertia in the legacy electricity system persists due to regulatory barriers. For instance, time-of-day electricity pricing (currently absent) could nudge consumers to use appliances in off-peak hours. This would make it more feasible for distributed renewables to supply customers without needing additional storage.

India has drawn global attention since it started awarding wind power projects at record-low tariffs, spurring optimism that renewable energy could supplant the nation’s abundant coal resources in electricity generation.

Thermax Ltd., an Indian maker of electricity-generation equipment, expects demand for captive power plants, typically small units to meet the internal needs of a business, to rise in the next 4-5 years as investments in large power projects slow down and state utilities struggle to give reliable supplies.

This EU report from the International Renewable Energy Agency looks at 30 innovations that could transform the global power market through the renewable energy market and blockchain is on the list.

MELBOURNE (Reuters) - Australia's conservative government approved A$1.38 billion ($989.46 million) for a huge expansion of the state-owned power generator Snowy Hydro to back up wind and solar power, ahead of an election in which climate and energy policy will be hot-button issues.

The duo says the AI system can predict wind power output 36 hours ahead of actual generation with a reasonable degree of accuracy.