Archive for May 16th, 2017

May 16 Energy News

May 16, 2017

Opinion:

¶ “Resilience bonds: a secret weapon against catastrophe” • While the inflation-adjusted cost of natural disasters was about $30 billion annually in the 1980s, it’s now more than six times that: an average of $182 billion. Resilience bonds can improve on insurance by evaluating a community’s risks and giving guidance on reducing them. [BBC]

To prepare for catastrophe, not just help
clean up after it. (Credit: Alamy Stock Photo)

¶ “6 Reasons Trump Can’t (Totally) Derail Progress on Climate” If ever there was a symbolic moment when the past met the future, it arrived as the Kentucky Coal Mining Museum announced in April it is converting to solar. To save money. Here are six reasons to take why we will continue to move forward on climate change. [National Geographic]

¶ “US Lags Developing a Key Military Materiel” • James J Greenberger addressed a National Defense Industrial Association conference about the “exciting field of electro-chemical energy storage technologies.” Batteries are critical technology that all four services rely on to maintain their edge against adversaries. [National Defense Magazine]

Shade with flexible PVs (US Army photo, Wikimedia Commons)

World:

¶ UK supermarket chain Tesco has announced a commitment to using 100% renewable electricity by the year 2030. Tesco has been stepping up its sustainability efforts in recent years. Since 2007, more than £700 million ($905 billion) has been invested in energy and refrigeration efficiency, and Tesco’s electricity bill has fallen by £200 million annually. [CNBC]

¶ With oil markets flagging, the world’s two biggest oil exporters, Saudi Arabia and Russia, agreed to extend production cuts for several months, sending the price of crude soaring. Inventories had piled up and crimped the potential for demand. Prices had dipped below $44 a barrel this month, their lowest level in more than a year. [New York Times]

Saudi oil facility (Credit: Saudi Aramco, via Reuters)

¶ Global solar investment is to be higher than coal, gas and nuclear combined in 2017, according to a report from Frost & Sullivan. Global Power Industry Outlook, 2017 examines power market trends, installed capacity, investment, and regional growth across coal-fired, gas-fired, nuclear, hydro, solar PV, wind, and biomass. [Your Renewable News]

¶ Thanks to strong government support, India has moved up to the second spot in the “Renewable energy country attractiveness index” 2017, according to a report released by Ernst & Young. The report released globally stated that China and India have surpassed the US, which has fallen to third place on Trump administration policy. [Livemint]

Indian renewable energy (Photo: Abhijit Bhatlekar | Mint)

¶ Slowing coal use in China and India has put the world’s two most populous countries on track to beat their carbon emission goals under the Paris climate agreement, while the US falls short, according to a new analysis by issued by Climate Action Tracker, a consortium of three international research organizations. [InsideClimate News]

¶ Australia’s large-scale solar industry now appears to be on solid ground, with all of 12 large plants recently awarded grant funding by the Australian Renewable Energy Agency reaching “financial close” this month. Construction has already begun at nine of the 12 Arena-funded plants, and the others three are a done deal. [The Guardian]

Broken Hill solar farm (Photo: Josh Wall | Guardian Australia)

¶ Toshiba, which has made financial guarantees to help complete a troubled South Carolina nuclear power project, is reporting the equivalent of a $8.4 billion net loss for its fiscal year. Toshiba called the figures released Monday as projections rather than results, since they lack the company’s auditors’ approval. [Charleston Post Courier]

¶ Over 1400 oil and gas platforms in the North Sea might eventually be used to fight the problem they helped to create: unsustainable energy generation. Both fossil fuels and renewable companies are working on a system design that could make the platforms part of the energy revolution as hydrogen production and storage facilities. [CleanTechnica]

North sea oil platform (Image: Berardo62, some rights reserved)

US:

¶ A study finds there is still plenty of dirty air around western New York. The study carries a confrontational name: “Our Health at Risk: Why Are Millions of Americans Still Breathing Unhealthy Air?” It comes from the Environment New York Research & Policy Center and is based on the most recent data, from 2015. [WBFO]

¶ Consumers Energy is planning to set up a program to help Michigan businesses become 100% supplied by renewable electricity by investing in clean power projects. The utility has applied to the Michigan Public Service Commission to approve the plan. Businesses would help fund new renewable energy sources as part of the plan. [reNews]

Wind power (Image: Pixabay)

¶ A tentative lease extension will keep the 43-year-old Navajo Generating Station open through the end of 2019, instead of beginning a shutdown as early as this summer, Navajo Nation President Russell Begaye said at a public hearing Monday in Phoenix. The plant is one of the American West’s biggest electric generators – and polluters. [NBCNews.com]

¶ Southern Company subsidiary Southern Power announced that the 102-MW Lamesa Solar Facility has reached commercial operation. The facility is located in Dawson County, Texas. With three large-scale PV projects operating in the state, Southern Power owns one of the largest utility-scale solar portfolios in Texas. [PV-Tech]

geoharvey is free and without ads.
Donate with PayPal
geoharvey is not tax-deductible.