Latest news with #renewableenergy
Irish Times
3 hours ago
- Business
- Irish Times
Bord Gáis Energy to become top solar supplier
Bord Gáis Energy is poised to become the Republic's biggest buyer of solar-powered electricity following a series of deals announced on Wednesday. The company has agreed to buy enough electricity from wind and solar farms to supply around 250,000 homes. The agreements include deals to purchase electricity from solar farms that will have a total capacity of more than 600 mega watts, making Bord Gáis Energy the largest buyer of this type of green electricity in the Republic. The solar electricity developers include Highfield Energy, BNRG, ILOS Energy and Power Capital Renewable Energy, all of which have projects up and running or in construction and set to begin supplying electricity between now and 2028. READ MORE Bord Gáis Energy will buy the electricity that the various plants produce, then sell it to the wholesale market along with power produced from its own assets, including its gas-fired power station in Whitegate Co Cork. John Dalton, director of trading with Bord Gáis Energy, said the company was working with its farming and business customers to aid them in switching 'to a lower carbon future'. 'We've partnered with trusted renewable energy developers and the newly signed agreements will amount to enough clean electricity annually to power approximately 250,000 residential homes,' he added.
Globe and Mail
3 hours ago
- Business
- Globe and Mail
VST Stock is Trading Above 50 and 200-Day SMA: Buy, Hold or Sell?
Vistra Corp. VST is trading above its 50-day and 200-day simple moving averages (SMAs), signaling a bullish trend. Vistra's objective is to expand business through prudent investments in attractive retail, renewable, and energy storage assets while reducing its carbon footprint and creating a more sustainable company with enduring long-term value for its stakeholders. VST's 50 and 200 Day SMA The 50-day and 200-day SMAs are key indicators for traders and analysts to identify support and resistance levels. It is considered particularly important as this is the first marker of an uptrend or downtrend of the stocks. The company benefits from strong residential and business results in both the Texas and Midwest and Northeast markets. The high availability of its nuclear fleet allowed the company to benefit by catering to the increasing demand in its service territories. Vistra has outperformed its Zacks Utility - Electric Power industry, the Zacks Utilities sector and the S&P 500 in the past year. Price Performance (One Year) Should you consider adding VST to your portfolio only based on positive price movements? Let's delve deeper and find out the factors that can help investors decide whether it is a good entry point to add VST stock to their portfolio. Factors Contributing Toward VST Stock's Performance Vistra is a diversified power producer with a robust footprint in competitive electricity markets across the United States. The company owns and operates six nuclear power units, totaling 6,448 megawatts (MW) of capacity, representing 16% of its total production. These zero-carbon assets provide dependable, low-cost electricity, generate stable cash flow, and offer a natural hedge against the commodity price volatility that impacts fossil-fuel-based generation. Rising electricity demand across Vistra's core markets supports its long-term growth. Key demand drivers include the electrification of the oil and gas sector, particularly in the Permian Basin, expansion of LNG infrastructure, growth in AI-driven data centers, and the ongoing reshoring of industrial manufacturing to the United States. To meet this demand, Vistra has added 7,922 MW of zero-carbon generation since 2018 and continues to advance new clean energy projects. Vistra's comprehensive hedging strategy underpins its financial and operational resilience. As of May 2, 2025, the company had hedged nearly 100% of its forecasted 2025 generation and about 90% for 2026. This forward-looking strategy enables Vistra to secure favorable pricing and mitigate earnings volatility tied to fluctuations in wholesale electricity markets. Strategically aligned with the nation's clean energy goals, Vistra is accelerating the shift from aging fossil fuel assets to low-emission, long-duration generation. This transition not only reduces future compliance costs but also positions the company to capitalize on growth opportunities and federal incentives, including those under the Inflation Reduction Act. Courtesy of the above initiative, the company generates ample funds, which can be utilized for shareholders' value creation. Vistra's aggressive share repurchase initiative is central to its long-term value creation strategy. Since November 2021, the company has repurchased shares worth $5.2 billion of its own shares through May 2, 2025, with $1.5 billion still authorized and expected to be executed by 2026. VST Stock is Trading at a Premium Vistra is currently trading at a premium valuation compared to its industry, with its forward 12-month price-to-earnings (P/E) ratio at 26.31X compared to the industry average of 14.53X. Vistra is currently trading at a premium compared with another industry operator, Duke Energy Corporation DUK, which has a strong nuclear fleet. The current P/E- F12M ratio of DUK is 17.93X. VST's Earnings Estimates The Zacks Consensus Estimate for VST's 2025 earnings per share is showing a year-over-year decline, while 2026 earnings per share are showing improvement on a year-over-year basis. The Zacks Consensus Estimate for Duke Energy's 2025 and 2026 earnings per share reflects a year-over-year growth of 7.12% and 6.1%, respectively. VST Stock's ROE Higher Than its Industry VST's trailing 12-month return on equity (ROE) is 87.33%, way ahead of its industry average of 10.41%. ROE, a profitability measure, reflects how effectively a company is utilizing its shareholders' funds in its operations to generate income. Another company, Constellation Energy CEG, which has a large nuclear fleet, has an ROE of 21.93X, which is better than the industry average. Nearly 60% of Constellation Energy's total production volume comes from nuclear energy. Vistra's Capital Return Program Vistra continues to increase its shareholders' value through its share repurchase program and dividend payments. VST's board of directors has also approved a quarterly dividend of 22.5 cents for the second quarter of 2025, reflecting a year-over-year increase of 3%. VST's management is targeting a dividend payment of $300 million annually. VST's management has raised dividends 15 times in the past five years. Check VST's dividend history here. Constellation Energy also distributes dividends on a regular basis. The current annual dividend rate is $1.55 per share, and the company's management has raised its dividend four times in the past five years. Wrapping Up Vistra is well-positioned to benefit from the increasing demand for clean electricity across its service areas. Its robust hedging strategy enhances earnings visibility by protecting future generation volumes from price volatility. To meet this growing demand, the company is actively expanding its portfolio with new clean energy assets. With VST shares currently trading at a premium, existing investors may be best served by holding their positions in this Zacks Rank #3 (Hold) stock to continue receiving dividend income, while monitoring for a more favorable entry point before making additional investments. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Constellation Energy Corporation (CEG): Free Stock Analysis Report Duke Energy Corporation (DUK): Free Stock Analysis Report Vistra Corp. (VST): Free Stock Analysis Report
BBC News
3 hours ago
- Business
- BBC News
Lib Dem leader Ed Davey backs 'pot zero' plan to cut energy bills
The Liberal Democrats have backed a plan to household energy bills by changing how new renewable projects are paid plan, dubbed "pot zero" by researchers, would see greater use of contracts where ministers negotiate a guaranteed price with renewables Sir Ed Davey said the proposals could help break the link between electricity and wholesale gas prices, halving bills by 2035 in combination with other Secretary Ed Miliband has already started a switchover process, but the Lib Dems want to see this accelerated to include all renewable energy generators. Sir Ed pioneered Contracts for Difference (CfD) when he was energy secretary in the Conservative-Lib Dem coalition government that came into power in work by guaranteeing a set price for electricity – known as a strike price – that generators receive per unit of power output, in the hope of encouraging private companies to invest in new electricity prices are above the price set, the companies pay the excess back to energy suppliers, which should help to cut bills. If prices fall below the guaranteed price the energy suppliers - and customers - pay the company the 15% of the UK's renewable energy generators are currently on CfD contracts since their introduction in remaining 85% are on Renewables Obligation Certificates (ROCs), which tie electricity to gas prices, and then add a subsidy on Lib Dems are backing a plan from researchers at the UK Energy Research Centre (UKERC) under which existing renewable schemes could enter "pot zero" auctions for fixed price contracts. 'Manifestly unfair' Speaking at an Institute for Public Policy Research (IPPR) event, the Lib Dem leader said the system needs reform because "97% of the time in 2021, the cost of electricity was set by the price of gas".He said: "It means we're all paying that higher gas price in our bills, even though most of the energy we're using comes from much cheaper, renewable sources. "Not only is that manifestly unfair, but it is also undermining public support for the investment we need in renewable power."So we have got to break the link between gas prices and electricity costs."The party argues that by 2035, this and other policies could knock around £850 off the typical household energy bill of £1,720, made up of:£200 a year from the UKERC "pot zero" plan, assuming it saves around £15bn £30 a year from extending the life of CfDs to 25 years, from the government's current plan for 20 years, according to climate change think tank E3Ga £250 reduction in bills for the average household with a gas boiler by 2035 due to more electricity being generated from renewables, according to the Climate Change Committee's Seventh Carbon Budget£180 a year by improving energy efficiencyconsumer savings of about £200 a year from more flexible energy use and making use of lower off-peak tariffs, according to Cornwall Insights UK-EU cooperation would allow more efficient electricity trading and reduce wholesale prices, according to Energy UK, saving an average £10 annually Responding, Miliband said securing better outcomes for consumers was already at the heart of Labour's approach, and switching to CfDs was already government has agreed to expand the number of clean energy projects that can bid for contracts at competitive prices, from next said: "We need to go further and faster to make Britain a clean energy superpower, end our reliance on volatile global gas prices, and make working people better off with homegrown power we control."These reforms will give developers the certainty they need to build in Britain, helping deliver more clean power projects and supporting thousands of jobs – all part of the mission to bring bills down for good through our Plan for Change."He added the move would help his department put the UK on track to generate at least 95% of its power from clean sources by 2030. Sign up for our Politics Essential newsletter to read top political analysis, gain insight from across the UK and stay up to speed with the big moments. It'll be delivered straight to your inbox every weekday.
Bloomberg
4 hours ago
- Business
- Bloomberg
Dutch Government Ditches ‘Not Realistic' Offshore Wind Goal
The Netherlands will slash its offshore wind ambitions by as much as 40% as the government no longer finds it viable to aim for 50 gigawatts of generation capacity by 2040. The new target will be in the range of 30 to 40 gigawatts, higher than the current level of just over 5 gigawatts, but below what was envisioned only a few years ago, according to a letter written by Sophie Hermans, the Minister for Climate and Green Growth, to the Dutch Parliament.
Associated Press
4 hours ago
- Business
- Associated Press
KGNCloud Launches New $100 Trial Mining Program, Expanding Access to Compliant Cloud Mining
London, UK, July 16, 2025 (GLOBE NEWSWIRE) -- KGNCloud, a Financial clean energy cloud mining platform, today announced the launch of its new $100 Trial Mining Program. This initiative is designed to significantly expand access to compliant and efficient cloud mining, allowing individuals to explore cryptocurrency earning with a low entry barrier. In response to the evolving cryptocurrency landscape, KGNCloud's new program addresses the high thresholds of traditional mining by offering a streamlined, zero-hardware investment solution. This move solidifies KGNCloud's position at the forefront of the industry, emphasizing both compliance and ecological innovation through its use of renewable energy. The cryptocurrency market will usher in structural changes in 2025. BlackRock Bitcoin spot ETF holdings exceeded 700,000 BTC, and institutional funds continued to inject market heat. At the same time, miners' income dropped sharply after the Bitcoin halving, and individual mining costs skyrocketed: ASIC mining machines cost more than $5,000, and combined with global energy price fluctuations, household mining machine electricity bills accounted for 40%-60% of the income. The high threshold of traditional mining is shutting out ordinary investors. Against this background, the search volume of 'passive income mining' surged by 300%. Cloud mining has become a new favorite with its zero hardware investment and low technical threshold, and KGNCloud has become the focus of the industry with its compliance and ecological innovation. 1. Core positioning: The clean energy cloud mining platform launched by KGNCLOUD provides mining contracts for mainstream currencies such as Bitcoin, Ethereum, and Dogecoin. 2. Disruptive workflow: 3-minute quick start: Register → Select computing power package → Automatic daily payment Contract example: VIP Old Customer Festival-2: Invest $15,888, 3-day contract daily income $1,458 (total return rate 72.94%) Dogecoin Smart Innovation: Invest $2,800, 6-day contract daily income $110 (annualized return over 90%) 4. Why choose KGNCloud? Five differentiating competitive advantages 24-hour automatic settlement: income goes directly to the user's wallet, supporting BTC/ETH/USDT multiple currencies Step-by-step reinvestment mechanism: income can be automatically converted into computing power to achieve compound growth (actually measured income is 20%-30% higher than peers) 100% renewable energy driven, single mining carbon emissions are only 1/6 of traditional mines, recommended by the 2025 'Blockchain Sustainable Development White Paper'. Users do not need to deal with hardware failures, software upgrades or heat dissipation issues, and the platform's professional technical team monitors global mines 24 hours a day. Provide a 'Dogecoin Experience Miner' contract with a minimum investment of $100, and a 1-day cycle allows novices to verify the income model without risk. With the explosion of Bitcoin Layer2 ecology (such as Maple Finance's assets under management exceeding 1 billion US dollars), mining income has shifted from simple block rewards to the dual channels of 'mining + staking'. KGNCloud has laid out a staking interface. In the future, users can directly deposit the ETH produced by mining into Lido and invest BTC into the Babylon test network on the platform, and the elasticity of income will be increased by 3 times. 'The essence of cloud mining is the democratization of computing power – KGNCloud has torn apart the resource monopoly of the old era.' The future has come: KGNCloud announced that it will connect to the AI computing power scheduling system in Q3, and optimize the allocation of mining pools in real time through machine learning. It is expected that user income can be further increased by 15%-18%. Call for action: In an era when institutions are swallowing up Bitcoin, individual investors can still share the market dividends with the help of compliant cloud platforms. Visit the KGNCloud official website to experience $100 trial mining immediately and witness daily income penetrate the bear market cycle. Website: Connect:[email protected] Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Name: joy Bennect Email: [email protected]
