June 6 Energy News

June 6, 2017

Opinion:

¶ “How Climate Change Will Disrupt Markets” • Renewable energy and climate change are often discussed in ideological terms, but there are worthwhile opportunities in companies that provide climate change mitigation and adaptation, including renewable power, batteries, energy efficiency, pollution control, and water treatment. [U.S. News & World Report]

Fossil-fuels facing disruption (Getty Images)

World:

¶ The UK is to become home to Europe’s largest battery flywheel system. It will provide fast acting frequency response services and aid the integration of renewables. The €4 million ($4.51 million) project will be connected to the Irish and UK grids to help respond to energy demand to stabilize the electric grid. [Energy Storage News]

¶ Swedish developer Waves4Power has delivered power for the Norwegian grid from its 250-kW WaveEL device redeployed off Runde island. The company said the full-scale demonstration installation is the first step towards commercial serial production slated for the Stryvo Group-owned Fiskaholmen shipyard in Norway’s Sunnmore region. [reNews]

Waves4Power device

¶ Indian company Adani has given final investment approval for construction of a huge coal mine in Australia. The Carmichael mine in Queensland will be built at a cost of A$16.5 billion (£9.5 billion; $12.3 billion), its chairman said. The government says the mine will generate investment, but critics say it will harm the environment. [BBC]

¶ The world’s largest sovereign wealth fund, the Norwegian state’s Government Pension Fund Global, valued at a little over $900 billion, continues to divest from companies involved in the production of coal or coal-based energy. In April 2016, the fund announced it was excluding seven Indian companies from its portfolio. [Business Standard]

Thermal power plant

¶ Siemens Gamesa Renewable Energy has secured a contract to supply and install 16 direct-drive SWT-7.0-154 wind turbines on EnBW’s 112-MW Albatros offshore windpower plant in the German North Sea. The installation will be carried out on monopile foundations and the grid connection will use a Siemens offshore transformer module. [Power Technology]

¶ Natural Power, Fred Olsen Windcarrier, and SubC Partner have joined forces to offer an offshore wind turbine inspection service that aims to reduce downtime. The partners will officially launch the service at the Offshore Wind Energy 2017 event in London. It will allow clients to choose from a list of inspection services under one contract. [reNews]

Offshore wind farm (reNews image)

¶ Europe could have between 64 GW and 86 GW of installed offshore wind farm capacity by 2030, according to a report by BVG Associates, “Unleashing Europe’s offshore wind potential: A new resource assessment.” It said the projections mean between 8% and 11% of European electricity demand would come from offshore wind. [reNews]

US:

¶ New York’s attorney general alleges in new court documents that ExxonMobil’s internal accounting practices were a “sham,” misleading its investors on climate risks. The top prosecutor said that its internal figures differed from those it had provided the public, and his office named Rex Tillerson, now US Secretary of State. [Environmental Leader]

ExxonMobil plant

¶ Morgan Stanley believes Trump’s decision to withdraw from the Paris Climate Agreement changes nothing on the ground. When he decided to go ahead and announce the US withdrawal, it was probably to “appease a support base, as opposed to remaining neutral by taking no action.” Nevertheless, the bank cited some risks from the position. [ValueWalk]

¶ Two new solar installations on Tufts’ Grafton campus will generate 40% of Cummings School’s electric power and are expected to save the university up to $5.3 million over the next 20 years. The installations cost the university nothing, according to Betsy Isenstein, who manages the project for Tufts’ operations division. [Tufts Now]

Solar panels on the Grafton campus (Photo: NRG Energy Inc)

¶ In the weeks leading up to the Trump Paris pullout, energy watchers were already alarmed by a forthcoming US Energy Department grid study that seemed intended to justify the case for coal before it even got under way. Meanwhile, various branches of the same agency have been pitching solar and wind like there’s no tomorrow. [CleanTechnica]

¶ An unconventional approach to grassroots organizing in Wisconsin’s capital city has in recent years tipped incumbent utility Madison Gas & Electric toward policies that favor consumers and renewables. This represents a distinct shift in a state held back for years by entrenched monopolies with outdated business plans. [CleanTechnica]

Repower Madison

¶ The Bullrock Corporation of Shelburne, Vermont, received a Certificate of Public Good to construct the state’s largest solar array intended for consumption by Vermonters. The 5.7-MW project will be built on 57 acres in Grande Isle leased from Dream Weaver Farm, allowing the farm to remain in agriculture and avoid development. [Vermont Biz]

¶ An intense lobbying campaign by Dominion Energy has failed to find the votes in the Connecticut General Assembly for legislation to improve the profitability of its Millstone Nuclear Power Station by changing the rules for procuring electricity. “[The bill is] dead. It’s a toxic brand now, literally radioactive,” one legislator said. [Hartford Business]

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