November 22 Energy News

November 22, 2018

Opinion:

¶ “The Great Oil Crash of 2018: What’s Really Happening” • In the span of mere weeks, crude prices went from a four-year high to a full-blown bear market. The oil crash – crude is down almost 30% from its recent peak – was triggered by a series of factors that combined to spook traders who once saw $100 oil on the horizon. [CNN]

Nodding donkey

¶ “Cascading Climate Change Events Could Resemble “A Terror Movie” by 2100” • Warmer global temperatures spawn stronger storms with higher winds and more rain, droughts, wildfires, rising ocean levels, scarcity of clean water, flooding, and heat waves. But we ain’t seen nothin’ yet, warns a study in the journal Nature Climate Change. [CleanTechnica]

Science and Technology:

¶ “Tesla Has 20% Battery Cost Advantage on Competition, Says UBS Analyst” • According to a report by the Financial Times, UBS conducted an analysis of battery production costs for various manufacturers and found that Tesla, with batteries costing $111/kWh, has a 20% advantage over its closest competitor, LG Chem, at $148 per kWh. [CleanTechnica]

Tesla battery cell production

¶ “100% Renewables? No Problems” • Some Australian academics criticized studies that claim it will be possible to supply 100% of global power, or even all global energy needs, from renewables. Australian academics Mark Diesendorf and Ben Elliston have challenged their views in turn, presenting a strong case that 100% is possible. [physicsworld.com]

World:

¶ “Electrons on The High Seas – The Zero Emissions Maritime Report” • The zero emissions revolution in transportation is gradually spreading to boats and ships. From personal watercraft to the ferries and cargo ships that ply coastal waters, the change to electric motors instead of diesel engines is happening quite quickly. [CleanTechnica]

The passenger catamaran Legacy of the Fjords

¶ “Labor to Offer $2,000 Battery Rebates for Homes in Energy Plan” • Australia’s Labor opposition promised to help 100,000 householders buy batteries as part of an energy plan in major conflict with the Coalition on climate and energy policy. If elected, it will invest $200 million to subsidise the installation of home batteries on homes with solar panels. [SBS]

¶ “Endesa Aims at 8.4 GW of Renewables in 2021” • Spanish utility Endesa SA expects to add close to 2 GW of renewable energy generating capacity by 2021, bringing it to a total of 8.4 GW, according to a new presentation by the company. Wind and solar power will account for the entire 30%-plus increase in renewables over the period. [Renewables Now]

Spanish wind farm (petter palander, CC-BY-SA 2.0 Generic)

¶ “Bill Shorten Unveils $15 Billion Energy Plan to Help Tackle Climate ‘Disaster'” • Australia’s Labor Party leader Bill Shorten unveiled a $15 billion program to drive transforming Australia’s energy system to low-emissions sources, declaring climate change is no longer an emergency, “it’s a disaster.” He aims for 50% renewable electricity by 2030. [The Guardian]

UK:

¶ “Rugeley Coal Plant to Be Transformed into a Sustainable Village” • An old UK coal power station is set to be transformed into a “sustainable village” of 2,000 homes powered by solar panels. French firm Engie said it had decided against selling off the Rugeley site and would instead build super efficient houses on the 139-hectare site. [The Guardian]

Rugeley power plant (Photo: nagelestock.com | Alamy)

¶ “National Grid to Pull Plug on £2.8 Billion Electricity Connection Project Following Moorside Demise” • Controversial plans for a £2.8 billion electricity connection along Cumbria’s coast,erecting 50-meter pylons through swathes of the Cumbrian countryside, are to be scrapped because of the demise of the Moorside nuclear power station project. [in-cumbria]

¶ “UK “Energy Revolution” Could Result in Two-Tier Economy” • A study by the Imperial College London and E4Tech showed that businesses and families in London and Scotland are better placed to take advantage of the so-called “energy revolution” underway in the UK, but residents of parts of England and the East Midlands lag behind. [CleanTechnica]

Wind farm in Scotland

US:

¶ “Puerto Rico Pledges to Go All-Renewable by 2050” • Puerto Rico has ambitious plans to transform its hurricane-battered electric grid to rely entirely on renewable energy by 2050. The move is part of a program to reduce the US territory’s carbon footprint and make it more climate resilient, according to Gov Ricardo Rosselló. [Scientific American]

¶ “Video Shows FERC Nominee Bernard McNamee’s Bias Against Renewables” • Bernard McNamee said he would be “fair, objective, and impartial” in written testimony to the Senate, as it considers his nomination to serve on the Federal Energy Regulatory Commission. But a newly resurfaced video confirms bias for fossil fuels. [pv magazine USA]

Sherco power plant (Tony Webster, Wikimedia Commons)

¶ “Juhl Energy, GE Build Solar-Wind Hybrid Project in Minnesota” • Juhl Energy, GE Renewable Energy and Bank of America are partnering for what they call the first commercial, integrated solar-wind hybrid power generation project in the US. The project will use one GE 2.0-116 wind turbine supported by 0.5 MW of solar PVs. [Solar Industry]

¶ “Keller: 100% Renewable Energy Goal in Sight” • Albuquerque Mayor Tim Keller announced a plan that would move the city toward what he called 100% renewable, clean energy within four years. Part of the plan is to team with Public Service Company of New Mexico for a new solar generating station supporting city-owned facilities. [Albuquerque Journal]

One More Thing:

Bill McKibben

¶ “At the VECAN Conference, Keynote Speaker Bill McKibben Will Present ‘A Global Crisis: A State and Local Fight'” • Bill McKibben is an author and environmentalist who in 2014 was awarded the Right Livelihood Prize, sometimes called the ‘alternative Nobel.’ He is one of the world’s best known climate activists. [Green Energy Times]

Have an exceptionally fine day, and a happy Thanksgiving.

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