The Ontario Smart Grid Forum has released a report that states that the North American power system is aging and is in need of urgent upgrading. It claimed that the current grid was only designed for one-way delivery of power from large generators to consumers.
Russian gas giant Gazprom and Danish utility DONG Energy have signed a letter of intent (LOI) to cooperate in gas-fired power generation.
German industrial conglomerate Siemens AG is set to report a significant increase in net profit on a one-time gain from the sale of a minority stake in nuclear power venture Areva NP, while its order book is set to benefit from the continuing rebound across its business lines.
The China Electricity Council said that China may face power shortages of 30 GW during summer as electricity supply lags behind demand growth.
The European Union's executive has outlined how its carbon dioxide (CO 2 ) emission trading system will work in the future, adopting criteria for how many free permits key industries should receive from 2013 onwards.
Pakistan continues to be plagued by its worst ever power crisis, as the shortfall has mounted to over 5000 MW, hitting industrial and domestic customers hard.
Japan’s growing anti-nuclear movement in the wake of the world's biggest nuclear accident since Chernobyl is creating an opportunity for Japanese makers of solar equipment. Companies such as Panasonic and Sharp are expected to capitalize on orders that analysts estimate may exceed $100 billion over the next decade, bringing down costs for consumers.