July 2 Energy News

July 2, 2020

Opinion:

¶ “Banks Love Renewable Energy, But Their Boardrooms Are Still Linked With Fossil Fuels Corporations” • Big banks are talking the talk about clean, renewable energy and sustainability, but many of their board members have major ties to large fossil fuel corporations. These ties can affect banking decisions in ways that favor fossil fuels. [CleanTechnica]

Deepwater Horizon (US Coast Guard, Wikimedia Commons)

¶ “House Climate Crisis Committee Report Offers Strong Foundation For Climate Action” • The House Select Committee on the Climate Crisis released a Climate Crisis Action Plan. The plan underscores that climate change is not just a science issue. It is also an issue for health, economic, racial justice, housing, and food security. [Red, Green, and Blue]

Science and Technology:

¶ “Climate Change Threat To Tropical Plants” • Tropical plants closer to the equator are most at risk from climate change. The region is expected to be too hot for many species to germinate in the next 50 years, University of New South Wales researchers found. The research was published in the journal Global Ecology and Biogeography. [UNSW Newsroom]

Tropical vegitation (Shutterstock image)

World:

¶ “Norway June EV Market Share At 66%, Overall Autos Down 25% YoY” • June saw electric vehicle pioneer Norway achieve 66% plug-in electric vehicle market share, up from 62% last year in the same month. The overall passenger auto market was down 25.5% year on year, which is a significant recovery from May’s drop of almost 40%. [CleanTechnica]

¶ “Arrival Rolls Out Slick, Sleek, Smooth Electric Bus” • With investment from Hyundai and Kia since January 2019, the British transportation company has been getting to work designing and developing great looking EVs for commercial segments. UPS has already ordered 10,000 electric vans. Now, Arrival has a cool new electric bus. [CleanTechnica]

Arrival electric bus (Image courtesy of Arrival)

¶ “Toyota Suspends Production Of RAV4 Prime After 3 Weeks” • Just three weeks after the start of production for the RAV4 Prime, Toyota announced it won’t build any more for a while. It seems orders for the car have far exceeded Toyota’s plan to make 4,000 RAV4 Primes. Reports are that Toyota failed to line up enough batteries for more than that. [CleanTechnica]

¶ “Hydrogen For High-Speed Crafts And Other Coastal Vessels” • Statkraft, TrønderEnergi, and Hyon are collaborating to launch compressed hydrogen as an alternative fuel for vessels and heavy vehicles. They will work to offer complete solutions in the tender processes that the local authorities will initiate in 2020 and onwards. [Renewable Energy Magazine]

Hydrogen powered boat (Courtesy of Statkraft)

¶ “Atlas Renewable Energy And Dow Sign A Solar Energy Agreement” • Atlas Renewable Energy signed a large-scale solar power purchase agreement with material science multinational company Dow in Brazil. The Jacaranda PV  solar plant in the state of Bahía, will have a capacity of 187 MW and will supply energy over the 15-year PPA. [Power Technology]

¶ “Asia Offshore Potential Almost 1500 GW” • Asia offers the potential for almost 1500 GW of offshore wind capacity, Wood Mackenzie research shows. The analysis said the bulk of the capacity would be in China, Japan, Taiwan, South Korea, and Vietnam. Wood Mackenzie said it expects 38 GW of new capacity to come online in China by 2029. [reNEWS]

Offshore wind turbine installation (China Three Gorges image)

¶ “Japan Aims To Shut Down 100 Inefficient Coal Plants Within Decade” • Japan’s government plans to phase out about 90% of the nation’s 114 low-efficiency coal-fired power generation units over the next decade as it looks to reduce carbon emissions. It will shift toward renewable energy and reopen more nuclear plants. [The Japan Times]

US:

¶ “Montana’s Largest Solar Project Secures Local Energy Cooperative” • A 1,100-acre solar project in Montana just secured a contract to sell power to Basin Electric Power Cooperative and its members. The project, Cabin Creek Solar Project, will be the largest of its type in the state and will supply power to the co-ops for 15 years. [CleanTechnica]

Montana (David Mark | Pixabay)

¶ “Tesla’s Market Value Overtakes Exxon In Historic Paradigm Shift” • Bloomberg said, “Tesla Inc’s market value has surpassed Exxon Mobil Corp’s in a sign that investors are increasingly betting on a global energy transition away from fossil fuels.” It touted the turning point as a shift that could signify a seismic transformation in the sector. [CleanTechnica]

¶ “Vail Resorts Says It’s Near Its Renewable Energy Goals” • Vail Resorts committed to purchase 310,000 MWh of wind energy annually from the new 82-turbine Plum Creek Wind project. The PPA will address more than 90% of the electricity use across its 34 North American resorts. Vail Resorts has a goal of reaching 100% renewable electricity by 2030. [Vail Daily News]

Wind turbines (Denver Post file photo)

¶ “More Utilities Bypassing Natural Gas Bridge And Going Straight To Renewables” • Utilities moving away from coal are starting to view the natural gas “bridge” to renewable energy as an unnecessary step. Utilities in Arizona, Colorado, and Florida have announced plans to close coal plants without adding any gas-fired generation. [pv magazine International]

¶ “CIP To Deliver 400 MW To AEP From Panther Grove” • AEP Energy signed a long-term power purchase agreement with an affiliate of Copenhagen Infrastructure Partners for the output of the 400-MW Panther Grove wind farm in Illinois. Construction is scheduled to begin in early 2021, with commercial operation expected in late 2022. [reNEWS]

Have a highly amusing day.

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