Hawaiian Electric Industries shares plunge 40% amid wildfire lawsuits
Shares of the company hit $18.70 on Monday, the lowest level in more than a decade as focus falls on the potential role of powerlines in the wildfires.
16 August 2023
16 August 2023
Shares of the company hit $18.70 on Monday, the lowest level in more than a decade as focus falls on the potential role of powerlines in the wildfires.
Eco Wave Power’s wave energy station at the Port of Jaffa in Tel Aviv will generate 100kW at its peak.
Total global EV vehicle sales are forecast to hit 51.6 million in 2035, according to data and analytics company GlobalData.
Scheduled for completion in early 2025, Halkirk II will generate enough clean electricity for 63,000 homes.
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The push for a transition to cleaner energy, driven by strong policies and financial support, will heavily impact the future of renewables, allowing them to take almost 50% of the power mix by 2035. From a regional perspective, Europe and North America will continue to have an accelerated shift into clean technologies, whereas progress is slower in Asia-Pacific and specially Middle East where thermal technologies will still be their main power source. The development of new technologies such as hydrogen, energy storage, carbon capture and smart grids, are also driving change in the power sector.
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