June 26 Energy News

June 26, 2020

Opinion:

¶ “Energy Giants Want To Thwart Reforms That Would Help Renewables And Lower Power Bills” • Australia doesn’t encourage competition and that’s holding back the transition to renewable energy. Important reforms to modernize the market are on the way, but big energy companies are seeking to use the cover of Covid-19 to prevent the change. [EcoGeneration]

Offshore wind farm (Shutterstock image)

¶ “BP Takes $18 Billion Writedown – What’s Up With That?” • BP, one of the largest fossil fuel companies in history, did something unexpected this week. It wrote off $18 billion worth of its assets, significantly reducing the stated value of its oil and gas reserves. BP CEO Bernard Looney cited the likelihood of a reorientation toward the Paris Agreement goals. [CleanTechnica]

World:

¶ “Wärtsilä To Design And Equip Two Electric Ferries For Norway” • Wärtsilä’s work in battery-powered vessels paid off recently with a contract to design and equip two new zero-emissions ferries. The company will build the double-ended shuttle ferries for Norwegian operator Boreal Sjö at Holland Shipyards in the Netherlands. [CleanTechnica]

Electric ferries (Image courtesy of Wärtsilä)

¶ “Rocky Mountain Institute Launches New Climate Tech Accelerator” • Faced with the rising urgency of the climate crisis, Rocky Mountain Institute and New Energy Nexus announced the launch of a new joint venture called Third Derivative. Its aim is to accelerate climate innovation worldwide by connecting startups with needed resources. [CleanTechnica]

¶ “Renewable Energy Firms Find Opportunity In Brazil’s Mining Sector” • Anglo American’s Brazilian unit signed a contract with wind power company Casa dos Ventos, acquiring up to 95 MW from the Rio do Vento complex, in Rio Grande do Norte state. Mining giant Vale announced in May it would invest $2 billion in renewable energy projects. [BNamericas English]

Remote control mining trucks

¶ “Shifting To Renewable Energy To Save Israel $2.62 Billion: Ministry Report” • According to a report released by Israel’s Ministry of Environmental Protection, combined cycle facilities with renewable energy and battery energy storage will save the Israeli economy 9 billion new shekels (about $2.62 billion). They will also reduce emissions and pollution. [Xinhua]

¶ “Renewable Energy Breaks UK Record In First Quarter Of 2020” • The UK government’s official data has revealed that renewable energy made up 47% of the electricity generation in the first three months of 2020, smashing the previous quarterly record of 39% set last year. A surge in wind power helped to set a new record for clean energy. [The Guardian]

Wind turbines in England (David Rogers | Getty Images)

¶ “Renewables Uptake ‘Driving Down’ EU Emissions” • Lower EU greenhouse gas emissions today are largely due to the growth in renewable generation, an International Energy Agency energy policy review showed. EU greenhouse gas emissions in 2019 were 23% lower than in 1990. The EU has already met its target of a 20% decline by 2020. [reNEWS]

¶ “IAEA Releases 2019 Data On Nuclear Power Plants Operating Experience” • The International Atomic Energy Agency has released its comprehensive annual nuclear power assessment. At the end of December 2019, the global operating nuclear power capacity was 392.1 GW, a decrease of some 4.5 GW compared with 2018. [International Atomic Energy Agency]

Indian Point nuclear plant (Roban Kramer, Wikimedia Commons)

US:

¶ “West Coast Electric Utilities Map Out I-5 Electric Truck Charging Sites” • Nine West Coast utilities and two agencies created a study, to map out important EV charging infrastructure for trucks. The report recommends adding electric vehicle charging for trucks at 50-mile intervals along Interstate 5 and adjoining highways. [CleanTechnica]

¶ “USA Could Hit 90% Clean Electricity By 2035” • A new analysis from UC Berkeley asks how fast we can go to 90% zero-carbon power – by which it means wind, solar, hydropower, and nuclear power – at no extra cost to consumers. Thanks to rapidly falling costs for wind turbines, solar panels, and batteries, the answer is 2035. [CleanTechnica]

Solar array (Photo courtesy of Array Technologies)

¶ “Trump Administration Moves To Make Millions More Acres Available For Oil And Gas Leasing In Alaska Reserve” • A federal agency has released a final management plan for the National Petroleum Reserve-Alaska. The plan proposes to make 7 million additional acres of land on the North Slope open to potential oil and gas development. [Anchorage Daily News]

¶ “US Renewables Produce 27% More Power Than Coal, Outpace Nuclear Over Four Months” • In the US, renewable energy sources produced significantly more electricity than coal during the first four months of 2020 and topped nuclear power as well, the SUN DAY Campaign shows, based on data from the Energy Information Administration. [Renewables Now]

Wind farm in Oklahoma (US Dept of Agriculture image)

¶ “House Democrats Unveil Green Tax Package” • US House Democrats unveiled a major green tax package, offering tax incentives for renewables, electric vehicles and a host of other environmentally friendly businesses. The legislation would extend several renewable energy tax breaks, and it would expand some incentives. [The Hill]

¶ “Duke Energy Offers Renewable Energy Certificate Program For Residential Customers” • A Duke Energy press release says the company’s Renewable Advantage program provides a way for customers to supplement their energy use with renewable energy and help local schools go solar at the same time, at a fee of $3 per month. [Mountain Xpress]

Have an energizingly excellent day.

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