- EON SE, Germany’s largest utility, will break itself up, spinning off fossil fuel power plants into a separate company so it can focus on renewable energy. EON also announced it will write down the value of assets by €4.5 billion, leading to a substantial full-year loss. Even so, the shares had the largest jump in more than two years on the plan. [Businessweek]
- West Australian Energy Minister Mike Nahan has instructed the state-owned utility Horizon Power to investigate renewables-based micro-grids as a means of providing cheaper and more reliable power to regional areas. Nahan had been a fierce critic of renewables, but says the stretched-out grid is too expensive and unreliable. [RenewEconomy]
- National Grid has filed comments on the EPA’s Clean Energy Power Plan and issued a statement supporting the proposed regulations, which aim to reduce carbon dioxide (CO2) emissions from existing power plants. National Grid US president Tom King. says expanding access to energy efficiency was an especially exciting aspect of the plan. [PennEnergy]
- A competitive lease sale of 742,000 acres off the coast of Massachusetts will be offered for commercial wind energy development on January 29, 2015. According to the US DOE’s National Renewable Energy Laboratory, the area could provide up to 5 GW, enough electricity to power over 1.4 million homes, or half the homes in Massachusetts. [Oliver Reports]
- Scientists using a comprehensive computer model that simulates German energy supply and demand say they have demonstrated that there are several economically viable ways to achieve a low-carbon future, using existing technologies. They used real data from 2011 and 2012 and ran millions of simulations to optimize the model. [New York Times]
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