February 15 Energy News

February 15, 2019

World:

¶ “Oil And Gas Execs Are Rewarded For Pursuing Stranded Assets That Will Burn Investors” • Even as oil and gas majors announce plans to tie company climate action to employee remuneration, they reward executives for pursuing growth of oil and gas. That will inevitably lead to stranded assets and financial loss for investors. [CleanTechnica]

Oil platform

¶ “Electric Cars Already Cheaper To Own In Europe Than Gas/Diesel Cars” • A report from the International Council for Clean Transportation says electric cars are already cheaper to own than conventional cars. They found the electric version of the VW Golf cost less to own than any model with an internal combustion engine. [CleanTechnica]

¶ “Beijing Confirms It Will Implement Stage VI Emissions Rules In 2019” • Beijing will implement Stage VI rules, which will reduce CO₂ and NOX emissions 50% below those of the already strict Stage V level. The Stage VI regulations are based on the ULEV standard, which was put forth by the California Air Resources Board. [CleanTechnica]

Smog in Beijing (China Daily image)

¶ “Hornsea 1 Achieves First Power” • The first turbine installed at the 1218-MW Hornsea 1 offshore wind farm off the UK’s eastern seaboard has started delivering power to the grid. When it is fully commissioned at the end of this year, Hornsea 1 will be the largest wind farm in the world, with 174 Siemens Gamesa 7-MW turbines. [reNEWS]

¶ “Offshore Sun Rising For Orix Off Japan” • Orix, a Japanese conglomerate, is eyeing a push into the country’s nascent offshore wind market. The company already develops onshore projects. Now, it has kicked off a series of seabed acoustic surveys that will examine suitable sites for wind turbines off the coast of Choshi in Chiba prefecture. [reNEWS]

Offshore wind turbines (reNEWS image)

¶ “Renewables Will Be The Main Source Of Global Energy By 2040, BP Says” • BP says renewable energy will be the world’s main source of power within 20 years. “The pace at which renewable energy penetrates the global energy system is faster than for any fuel in history,” BP said in its latest annual Energy Outlook report. [The Sydney Morning Herald]

US:

¶ “California Leads In Net-Zero Homes As Costs Drop” • Half a dozen California cities are hosting enough net-zero homes to place the state in first place in a trend that is catching on rapidly across the nation. It is expected to accelerate over the coming decade, as the cost of adding net-zero features, including solar, drops by 50%. [CleanTechnica]

Net zero home in Arizona (Zero Energy Project image)

¶ “Renew Nukes? Utilities Use Nuclear Energy To Help Meet Renewable Energy Goals” • Vermont utilities are using nuclear energy to meet renewable energy standards. This is happening under a law meant to encourage conversion from things that use fossil fuel to ones that run on electricity, such as moving from traditional cars to EVs. [Vermont Public Radio]

¶ “Citi Banks On Wind For Texas Operations” • Global banking corporation Citi signed an agreement to use power from the 163-MW Midway wind project for its offices in San Patricio County, Texas. It is to achieve commercial operations in the first half of 2019. Citi will be acquiring 64% of the renewable energy credits generated by the project. [reNEWS]

Wind farm (SXC image)

¶ “The Home Depot Investing In More Wind And Solar Power” • CDP, an environmental impact non-profit, named The Home Depot to its Climate Change “A” List for its actions to reduce carbon emissions and mitigate climate risks. The Home Depot announced initiatives to procure 135 MW of alternative energy by the end of 2020. [Windpower Engineering]

¶ “Dandelion Energy Closes $16 Million Series A Round To Expand Geothermal Energy” • Dandelion Energy offers homeowners a clean and cost-effective geothermal heating and cooling solution. This week, the company announced the close of a $16 million Series A funding round, bringing the company’s total funding to $23 million. [CleanTechnica]

Please click on the image to enlarge it. 

¶ “Five Companies Bid To Supply New York With Offshore Windpower” • Five companies, including Norway’s Equinor, Denmark’s Orsted, and France’s EDF have submitted bids to supply 800 MW of offshore wind power to the New York state. The state is planning to develop up to 2,400 MW of offshore wind power by 2030. [ETEnergyworld.com]

¶ “National Grid To Distribute Energy From Offshore Wind Farm” • National Grid has a twenty-year contract to buy and distribute energy from Revolution Wind, which will become the largest offshore wind farm in Rhode Island. The 400-MW wind farm is expected to reduce electricity costs by $90 million over 20 years. [The Brown Daily Herald]

Offshore wind farm (Courtesy of Kim Hansen)

¶ “Thanks To Its New Democratic Governor, Wisconsin Becomes 20th State To Join US Climate Alliance” • With Wisconsin as the newest member, 40% of all states are part of the alliance to uphold the Paris climate agreement goals. The bipartisan coalition of 21 governors represents 49% of the US population and economies of over $10 trillion. [ThinkProgress]

¶ “Supporters Say Seabrook Nuke Protects Climate; Critics Want More Study Of Concrete Cracks” • Federal regulators still appear poised to re-license Seabrook Nuclear Power Plant, despite requests to delay. An NRC hearing on the issue was packed with industry workers and residents from New Hampshire and Massachusetts. [New England Public Radio]

Have a magnificently fun day.

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