Archive for June 28th, 2020

June 28 Energy News

June 28, 2020

Opinion:

¶ “Is GM’s ICE Business Worthless? Adam Jonas Seems To Say So” • Morgan Stanley auto analyst Adam Jonas says GM’s EV business is worth $100 billion. Jonas’s price target of $43 per share puts GM’s total value at $60 billion. Doesn’t that mean that GM’s internal combustion engine business is worth less than nothing? [CleanTechnica]

2005 Corvette engine (Stephen Foskett, Wikimedia Commons)

Science and Technology:

¶ “Floating Solar Industry Coming Together To Develop Recommended Practices” • Floating solar power plants have gone from a tiny niche sector of the solar market in 2012 and 2013 to a pretty popular option in 2020. It seems sensible to develop a set of recommended practices. Hence there is a new global consortium to create just that. [CleanTechnica]

World:

¶ “Twenty-Seven Electric School Buses Headed To Quebec” • Transdev Canada is investing close to C$4.5 million into its fleet of electric school buses, adding 27 that bring bring the total up to 31 at the start of the school year. But that is just a start. Transdev Canada plans to electrify 100% of its Quebec school buses by 2025. [CleanTechnica]

School buses (Courtesy of Transdev Canada | Lion Electric)

¶ “Renewable, Green Energy Will Ensure Energy Security: Nasrul” • Bangladesh’s minister for power, energy, and mineral resources, Nasrul Hamid, MP, said renewable energy and green energy would ensure energy security in the future. He said that it was possible to advance with a concept for setting up rooftop or floating solar power plants. [newagebd.net]

¶ “How Scotland Can Kickstart The Economy Through Green Energy” • Scotland is set to restart its economy as it emerges from the Covid-19 crisis by harnessing “limitless quantities of renewable energy potential.” It could wipe out gas central heating with “green hydrogen” and create more than 100,000 new jobs over the next 30 years. [HeraldScotland]

Offshore windpower

¶ “New Coal Power Plants Increasing Financial Burden Of Pakistan: Report” • With slowing demand for electricity growth, Pakistan is faced with the increasing financial risk of overcapacity at a time when renewables are the cheapest source of energy available, a report by the Institute for Energy Economics and Financial Analysis found. [Business Recorder]

¶ “France Pulls Plug On Country’s Oldest Fessenheim Nuclear Plant” • France’s oldest nuclear power plant will shut down on Tuesday, June 30, after four decades in operation. This is to the delight of environmental activists who have warned of the risks it poses since the Fukushima Disaster, but it stokes worry for the local economy. [Daily Nation]

Fessenheim nuclear plant (Photo: Sebastien Bozon | AFP)

¶ “‘Slight’ Radioactivity Rise In Nordic Countries” • Russia’s power operator downplayed observations by Nordic nuclear safety agencies of slightly increased levels of radioactive isotopes in parts of Finland, Scandinavia, and the Arctic. Analysis of Nordic data showed that radionuclides came “from the direction of Western Russia.” [Taiwan News]

US:

¶ “Inheriting The Wind: Mart Area Catching Boost From Renewable Energy Development” • The Texas prairie farmland between Mart and Groesbeck is being transformed into a forest of wind towers. And by the end of the year, 100 turbines will be spinning and providing more than 300 MW of power to Walmart and other customers. [Waco Tribune-Herald]

Prairie Hill wind project (Photo: Chris Oliver)

¶ “Florida Leading Large Solar Power Growth In US Southeast” • The Southern Alliance for Clean Energy has tracked clean energy in the Southeast for years. Its annual Solar in the Southeast report has state comparisons on megawatts of solar installed, policy, and other matters, making clear installed solar capacity per customer for states and utilities. [CleanTechnica]

¶ “The Debate Over Burning Dead Trees To Create Biomass Energy” • Drought, a warming climate, and infestations of bark beetles have killed 147 million trees in  California since 2013. Scientists say these trees are poised to burn with blazes so intense they will leave some places unable to establish new forests. But there is debate about taking them for energy. [WIRED]

California forest (Noah Berger | Getty Images)

¶ “US DOE Putting Money Into Coal ‘Innovation’ Grants” • The US DOE said it is spending $122 million to establish research hubs around the country that will look at new ways to use coal as a base for material manufacturing. The “innovation centers” around the country that will try to find ways to use coal as a mineral source. [WHYY]

¶ “Transition In Coal Country: Healthcare Crises Mount At Rural Hospitals” • The only hospital serving a vast swath of Wyoming’s coal country was in financial trouble even before the coronavirus pandemic hit. Gillette-based Campbell County Health’s revenue began to slip after layoffs at the mines in  2016. Now things are much worse. [Oil City News]

Have a gloriously serene day.

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