June 15 Energy News

June 15, 2020

Science and Technology:

¶ “New Approach To Energy Management In Microgrids” • In a paper published in Energies, Monash University researchers argue that a transactive energy market could help consumers lower their power costs by reducing peak demand. It could also help consumers providing network services for the main grid to access revenues. [pv magazine International]

PVs at Monash’s Clayton campus (Image: Monash University)

¶ “Renewable Fuels From CO₂ And Water Using 100% Renewable Electricity” • A new European industry consortium, Norsk e-Fuel AS, is industrializing Power-to-Liquid technology in Norway for the European Market. For hard-to-electrify sectors such as the aviation industry, this project promises a radical change towards climate-neutral transportation. [Chemie.de]

World:

¶ “TIGER Power: Anglo-French Tidal Energy Ramps Up In The Channel” • With an investment of €45.4 million ($51 million), the Tidal Stream Industry Energiser Project, also called TIGER, is one of the biggest studies of tidal energy in Europe. TIGER is planning to install 8.8 MW of tidal capacity in six locations across the Channel region. [Power Technology]

Tidal turbine and workers (TIGER image)

¶ “Tesla Model 3 SR+ Reported To Have 39% Gross Margin In China” • In China, Tesla is making its Model 3 with cobalt-free lithium-iron-phosphate batteries. With these batteries, the car has a maximum speed of 140 mph and 291 miles of range. Tesla is expected to have a gross margin of 39% on the Model 3 SR+, according to Anxin Securities. [CleanTechnica]

¶ “Ireland Can ‘Almost Halve’ The Cost Of Renewable Electricity” • Policy actions by the new government could nearly halve the price of renewable electricity in Ireland or increase it by as much as a third, according to a report commissioned by the Irish Wind Energy Association. Renewable energy costs are higher in Ireland than in other countries. [The Irish Times]

Wind farm (Photo: Ben Curtis | PA)

¶ “Cairo Solar Brings Innovative Solutions In Reducing Bills For Electricity And Producing Clean Energy” • Egyptian Streets spoke with Hatem Tawfik, managing director of one of Egypt’s success stories, Cairo Solar, on the challenges, opportunities and its experience in navigating through as a solar and financing company. [Egyptian Streets]

¶ “Enel Wants Quick Coal Exit And Its Hydrogen Will Be 100% Green, Exec Says” • Italian energy giant Enel SpA is speeding plans to decarbonize its global power production, exit coal, and make way for more wind, solar. and a hydrogen venture, by 2021 at the latest. Enel expects to have a green hydrogen production facility within one year. [Renewables Now]

Enel’s Fontes Solar 2 plant in Brazil (Enel image)

¶ “South Africa Revives Idea Of New Civilian Nuclear Power Program” • South Africa is making plans for a 2,500-MW nuclear program to try to solve the country’s power supply problem, the energy ministry said. Currently, 90% of the country’s electricity is generated from coal-fired stations. But its plants are ageing and poorly maintained. [ETEnergyworld.com]

Australia:

¶ “New Wind And Storage Projects Unlocked As Marinus Link Fast-Tracked Under ‘Jobmaker’” • The Australian government will fast track approval for an undersea cable linking Tasmania and Victoria, as part of its “JobMaker” infrastructure plan. This could unlock a series of large new wind and storage projects in Tasmania. [RenewEconomy]

Woolnorth wind farm, Tasmania

¶ “Northern Territory Makes Reforms To Boost Renewables” • The Northern Territory Government has announced priority electricity market reforms as part of its plan for 50% renewables by 2030. The reforms will address system security and reliability, aim to encourage private investors, and maximise the amount of renewable power in the network. [Energy Magazine]

¶ “Manufacturing Hydrogen-Powered Vehicles To Supercharge Port Kembla” • A new company has based itself in New South Wales with the twin intentions of driving hydrogen adoption in heavy vehicles and the passenger markets, while putting the wheels back on Australia’s decimated automobile manufacturing industry. [pv magazine Australia]

Hydrogen fuel-cell powered car (Image: H2X)

US:

¶ “New Mexico Utility To Allow Nuclear Leases To Expire” • A New Mexico utility will exit current leases for nuclear power and will instead develop renewable power by 2040, Kallanish Energy reports. PNM said it will allow leases for 114 MW of electric power from the Palo Verde Nuclear Generating Station in Arizona to expire. [Kallanish Energy]

¶ “Illinois Utility Plans To Close Largest Coal-Fired Generator” • The Southern Illinois Power Cooperative plans to shutter its largest coal-fired generator this fall, which is expected to save it $125 million over a decade but cost 26 workers their jobs. The tentative decision to close its plant in Marion was based on more competitive energy prices. [CIProud.com]

Coal-burning power plant in Marion, Illinois

¶ “Your Invitation To US Offshore Wind 2020 – A Free Virtual Conference By Reuters Events” • In preparation for US offshore wind project development and supply chain partnering, Reuters Events™ would like to invite all global offshore wind stakeholders to attend the FREE US Offshore Wind 2020 Virtual Conference (June 18-19). [Renewables Now]

¶ “Aon Partners With TCS On Climate Risk Management” • Aon, a re/insurance broker, is collaborating with The Climate Service to help clients understand and manage climate risks. Aon has entered into an exclusive broker relationship with TCS that aims to measure, monitor, and manage financial impacts of climate on business and investments. [Reinsurance News]

Have a fundamentally magnificent day.

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