Archive for May 29th, 2018

May 29 Energy News

May 29, 2018

Opinion:

¶ “The Threat Is In The Carbon: Companies Are Undervaluing Climate-Related Risk” • Many banks face a climate data gap in identifying the energy technology exposure of the companies in their lending portfolios. They own shares of carbon-intensive firms whose business plans lead to more carbon emissions than the world can handle. [CleanTechnica]

Climate at risk

¶ “The 60-Year Downfall of Nuclear Power in the US Has Left a Huge Mess” • Sixty years ago, on May 26, 1958, America’s first commercial nuclear power station was opened at Shippingport, Pennsylvania. Today, dreams of a nuclear future with power “too cheap to meter” are all but over. What remains is the reality of a trillion-dollar cleanup. [The Atlantic]

Science and Technology:

¶ Scientists at the School of Ocean Sciences, Bangor University in Wales published the review of tidal range energy resource and optimization in the peer-reviewed journal Renewable Energy. They say a third of global electricity needs could be provided by the world’s tidal range. That is about 5,792 TWh from tidal range power plants. [Phys.org]

Wave (Credit: CC0 Public Domain)

¶ The “Renewable Hydrogen Roadmap” report was produced by EIN in partnership with the Leonardo DiCaprio Foundation and the California Hydrogen Business Council. The report focuses on meeting California Governor Jerry Brown’s goal of 5 million zero-emission vehicles on the road in California by 2030, and 200 hydrogen stations by 2025. [Triple Pundit]

World:

¶ German renewables investor and asset manager Luxcara GmbH announced that it has inaugurated the 111.2-MW Egersund wind farm in Norway. The wind power plant, which consists of 33 turbines provided by German manufacturer Senvion SA, took 15 months to complete. It has been supplying power to the grid since November 2017. [Renewables Now]

Egersund wind farm inauguration (Luxcara GmbH image)

¶ The German solar energy startup sonnen is getting a €60 million ($70 million) investment from Shell a press release says. It will help sonnen develop technologies for energy sharing and a virtual battery pool. To date, sonnen has raised $85 million from GE Ventures as well as $3 million in 2013, $9.4 million in 2014, and $12 million in 2015. [CleanTechnica]

¶ Edmonton International Airport and NextStep Renewable Energy Inc have announced the signing of a memorandum of understanding to bring forward low-carbon, renewable fuels into the aviation and airport sectors using existing market-proven technologies. This will generate jobs, economic growth, and diversification in Alberta. [Skies Magazine]

Edmonton International Airport (EIA Photo)

¶ China accounts for more than two-fifths of all renewable energy jobs, with the country’s share particularly high in solar heating and cooling (83%) and in the sola photovoltaic sector (66%), though less so in wind power, according to the Renewable Energy & Jobs report from International Renewable Energy Agency. [brand-e.biz]

¶ The Indian government announced that approval has been granted to a 2.5-GW auction for wind and solar hybrid projects. Recently issued policy promotes large hybrid power plants, combining wind turbines and solar PVs to optimise the use of transmission infrastructure and land and to reduce renewable power variability. [Renewables Now]

Wind and solar together (Photo: Gerry Machen)

¶ HDF Energy launched one of the world’s largest solar-plus-storage power plants in French Guiana. The $90 million plant is expected to generate around 50 GWh per year. The facility will produce 10 MW until evening and of 3 MW during the night. Hydrogen will be used for long-term storage, with batteries short-term. [pv magazine International]

US:

¶ The chief analyst of the solar market research firm SPV Market Research, does not see that Trump’s tariffs are causing significant shrinkage in the market for utility-scale solar projects, although she forecasts some slight adjustments due to margin squeeze for the smaller business and residential applications that provide distributed generation. [CleanTechnica]

Solar array (American Public Power Association image)

¶ Around 90% of millennials understand that the climate is changing, the highest proportion of any age group. Nearly 80% think humankind must work to stem temperature rise. That includes a majority of young Republicans, most of whom see that humans are altering the climate and want the government to tackle the problem. [CleanTechnica]

¶ Ormat Technologies Inc provided an update on the Puna geothermal power plant, about 15 miles away from the Kilauea volcano. Flowing lava has covered the wellheads of two of their geothermal wells. The company cannot yet assess the extent of the damage. The lava is still flowing and may reach other wells at the plant. [DirectorsTalk Interviews]

Lava coming down a street (USGS, Wikimedia Commons)

¶ California is likely facing another year of water woes. The Sierra Nevada snowpack, which supplies up to a third of California’s water, is exceptionally meager this year. Experts found around half as much snow on the mountains as they typically would in early April, when the snowpack is historically most voluminous. [CleanTechnica]

¶ Natural gas has been the fuel of choice to replace the ageing fleet of coal power plants in the US, but lately renewables have been flexing their muscles, too. In the latest development, the energy company Ameren is counting on a new 400-MW wind farm in Missouri to help fill the void left by a slew of upcoming coal power plant retirements. [CleanTechnica]

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