November 16 Energy News

November 16, 2020

Opinion:

¶ “Tesla Reminder: Solar Power Tax Credit Drops In 2021” • Last year and for several years prior, a US taxpayer who installed a rooftop solar power system could get a 30% tax credit on its cost. In 2020, that tax credit fell to 26%, and it will fall to 22% next year. “Order solar panels before the solar tax credit drops at the end of this year.” [CleanTechnica]

House with solar rooftop (Image: Tesla via Twitter)

¶ “Trump’s Coal Rescue Was Doomed From The Beginning” • Trump promised to bring back coal mining jobs. But coal simply can’t compete, much to the dismay of the Appalachian coal communities. If anything, the collapse of coal accelerated during the Trump era, wiping out even more jobs and dashing the hopes of unemployed coal miners. [CNN]

¶ “Increased Resilience Is Necessary To Battle The Pandemic And The Climate Crisis” • Ulrich Volz urges us to be vigilant in an International Monetary Fund podcast. The covid-19 pandemic, he insists, is but a prelude to the looming climate crisis. There is no trade-off between choosing a sustainable recovery and economic progress. [CleanTechnica]

Another day, another reminder (Image retrieved from NOAA)

¶ “Blackrock and Fidelity Are Betting Big On This $130 Trillion Mega-Trend” • This isn’t just a megatrend. It’s a movement. Big money is fleeing anything that’s not sustainable. By 2022, PwC says that 77% of institutional investors will stop buying non-ESG products entirely. (ESG is Environmental, Social, and Corporate Governance.) [OilPrice.com]

Science and Technology:

¶ “Wind And Solar Are Cheaper Than Everything, Lazard Reports” • The recent Lazard report on the LCOE showed that wind and solar offer the cheapest electricity in the US, even significantly undercutting natural gas combined cycle power plants now. But that’s only half of it. Solar and wind are much cheaper nearly everywhere. [CleanTechnica]

Please click on the image to enlarge it (Courtesy of Lazard)

¶ “Oil & Gas Drilling Technology Could Make District Heating Feasible” • The deeper one goes beneath the surface of the Earth, the hotter things get – as much as 370°C in some cases. That heat can be used to heat buildings, including district heating. And the technology to tap into it is very similar to the technology used to open up oil and gas wells. [CleanTechnica]

World:

¶ “South Africa: Kangnas Wind Farm Kicks Off Operations” • Two years after construction kicked-off, Kangnas Wind Farm in South Africa is operating commercially. According to a media release, this wind farm will generate 513 GWh each year, enough clean power to satisfy the electricity needs of 154,625 average South African households. [ESI Africa]

Kangnas Wind Farm (Supplied image)

¶ “Ford’s Silverton Factory In South Africa Is Getting A Massive 13.5 MW Of Solar PV” • A Ford Motor Company of Southern Africa factory is getting a 13.5-MW solar system covering 4,200 parking bays. The PV plant will cost R135 million ($8.7 million). This means the grid-tied project will cost 64¢/W, which is pretty impressive for a carport system. [CleanTechnica]

¶ “Youth Environmental Activists In Russia Face Down Obstacles To Spread Their Climate Message” • Across the world, global climate strikes brought millions to the streets in September of last year. But in Russia it was a different story. In Moscow and St Petersburg, protests had at most 200 participants. There are reasons for that. [Red, Green, and Blue]

Climate strike (Photo courtesy of Fridays For Future Russia)

Australia:

¶ “BlueScope Puts $20 Million Toward Renewable Energy Infrastructure Supply Chain In NSW” • Australian steelmaker BlueScope has announced a plan to invest $20 million to help deliver renewable energy infrastructure in New South Wales. The state recently announced 20-year strategy to transition to hydro, wind, and solar power. [ABC News]

¶ “Utility AGL Plans 250-MW / 1,000-MWh Battery Project In South Australia” • In another large-scale battery announcement, AGL said it plans to build a battery system in South Australia, with up to 1,000 MWh of capacity. The utility has said it wants 34% of its capacity to be renewable and energy storage by the 2024 financial year. [Energy Storage News]

Planned AGL battery project (Image: AGL video screenshot)

¶ “WA Renewable Hydrogen Project Progresses” • Hydrogen Renewables Australia has joined forces with Copenhagen Infrastructure Partners to deliver the 5,000-MW Murchison Renewable Hydrogen Project in Western Australia. The project will be powered by combined wind and solar power generation and use desalinated water. [Energy Magazine]

US:

¶ “Gov Edwards Vetoes Tax Break For Oil And Gas Industry, Announces Renewable Energy Initative” • Louisiana Gov John Bel Edwards vetoed a tax break for the oil and gas industry that would have cost the state over $38 million over the next five years. He doubted whether it would actually produce the jobs promised by oil lobbyists. [Big Easy Magazine]

Fishing in Cancer Alley (Image courtesy of Treehugger)

¶ “Tesla’s Automotive Gross Margin Improves from 18.7% to 23.7%” • Tesla’s automotive gross margin improved from 18.7% to 23.7% in Q3. That’s an astounding improvement in automotive gross margin. Even 18.7% is great in the automotive industry. It’s a figure that still leaves Tesla a lot of room to bring down prices or fuel faster growth. [CleanTechnica]

¶ “Why NASA Wants To Put A Nuclear Power Plant On The Moon” • NASA and the US DOE will seek proposals to build a nuclear power plant on the moon and Mars to support its long-term exploration plans. The proposal is for a fission surface power system, and the goal is to have a flight system, lander and reactor in place by 2026. [CNBC]

Have an ineffably exquisite day.

geoharvey is free and without ads.
Donate with PayPal
geoharvey is not tax-deductible.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: