Renewable Energy Credit

A Renewable energy credit (REC) is a certificate corresponding to the environmental attributes of energy produced from renewable sources such as wind or solar. RECs were created as a means to track progress towards and compliance with states’ Renewable Portfolio Standards (RPS), meant to support a cleaner generation mix. RECs should not be confused with […]

A feed-in tariff (FIT, FiT, standard offer contract,[1] advanced renewable tariff,[2] or renewable energy payments[3]) is a policy mechanism designed to accelerate investment in renewable energy technologies. It achieves this by offering long-term contracts to renewable energy producers, typically based on the cost of generation of each technology.[1][4] Rather than pay an equal amount for […]

An investor-owned utility or IOU is a business organization, providing a product or service regarded as a utility (often termed a public utility regardless of ownership), and managed as private enterprise rather than a function of government or a utility cooperative. Such businesses can range from a family whose residential property includes a well whose […]

Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek, or OPEP in several other languages) is an intergovernmental organization of 14 nations as of May 2017, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, Venezuela), and headquartered since 1965 in Vienna. As of 2016, the 14 countries accounted […]

The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840. This transition included going from hand production methods to machines, new chemical manufacturing and iron production processes, improved efficiency of water power, the increasing use of steam power, the development of machine tools […]

Fly ash, also known as “pulverised fuel ash” in the United Kingdom, is a coal combustion product composed of fine particles that are driven out of the boiler with the flue gases. Ash that falls in the bottom of the boiler is called bottom ash. In modern coal-fired power plants, fly ash is generally captured […]

Hydroelectricity is electricity produced from hydropower. In 2015 hydropower generated 16.6% of the world’s total electricity and 70% of all renewable electricity,[1] and was expected to increase about 3.1% each year for the next 25 years. Hydropower is produced in 150 countries, with the Asia-Pacific region generating 33 percent of global hydropower in 2013. China […]

A nuclear power plant or nuclear power station is a thermal power station in which the heat source is a nuclear reactor. As is typical in all conventional thermal power stations the heat is used to generate steam which drives a steam turbine connected to an electric generator which produces electricity. As of 23 April […]

Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, but commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium.[2] It is formed when layers of decomposing plant and animal matter are exposed to intense heat and pressure under the […]

Petroleum (from Greek: petra: “rock” + oleum: “oil”. [1][2][3][4][5][6]) is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earth‘s surface. It is commonly refined into various types of fuels. Components of petroleum are separated using a technique called fractional distillation. It consists of hydrocarbons of various molecular weights and other organic compounds.[7] […]