November 29 Energy News

November 29, 2021

Opinion: 

¶ “Will The EV Revolution Trigger Global Economic Crisis?” • The transition to EVs and renewable energy is already creating winners and losers. But fossil fuel industries keep investing vast sums to develop new oil and gas resources and infrastructure. There’s a real risk that in a few years they’ll be producing far more oil and gas than they can sell. [CleanTechnica]

Choice of what to maintain (Darius Soodmand, Unsplash)

¶ “Tesla’s Business Model Has Created Disruptive Growth” • Tesla, best known for its EVs, has disrupted a legacy industry with a new business model and consumer approach. In mid-2016, under CEO Elon Musk’s leadership, Tesla adapted a corporate mission “to accelerate the world’s transition to sustainable energy.” It has evolved since then. [CleanTechnica]

¶ “Understanding ‘Greenflation'” • “Greenflation,” or the costs associated with going green, may be a concern in the short-term in many industries, Vaibhav Chaturvedi, fellow at the Council on Energy, Environment and Water, predicts. Nevertheless, the rising costs won’t be a long-term threat to the economic viability of clean energy. [CleanTechnica]

Wind farm (Vista Wei, Unsplash)

Science and Technology:

¶ “Researchers Try Producing Potato Resistant To Climate Change” • University of Maine researchers are trying to produce potatoes that can better withstand warming temperatures as the climate changes. Warmer temperatures and an extended growing season can lead to quality problems and disease, according to a professor of crop ecology and management. [Phys.org]

¶ “The Underwater ‘Kites’ Generating Electricity As They Move” • A pair of sleek, winged machines are “flying” – or swimming, at least – beneath the dark waters of the Faroe Islands in the North Atlantic. Known as “sea dragons” or “tidal kites”, they look like aircraft, but they are in fact high-tech tidal turbines, generating electricity from ocean currents. [BBC]

Ship towing a tidal kite into position (Minesto image)

World:

¶ “Musk Says ‘No Thanks’ To German Battery Factory Subsidy For Tesla” • Early in 2021, the German government announced a program to subsidize battery factories. Tesla applied to the program, but has recently withdrawn its application. The reason for this may be partly based on Tesla pursuing other options that would render it ineligible. [CleanTechnica]

¶ “New Hyundai Ioniq 5 Electric Car Runs Away With German Car Of The Year Award” • Hyundai just won the German Car of the Year award for its Ioniq 5 battery EV. That’s a giant feather in the cap for the car maker, which has faced its share of criticism over the years. Hyundai’s Ioniq 5 is billed as a fully-electric midsize compact utility vehicle. [CleanTechnica]

Hyundai Ioniq 5 EV (Hyundai Motors movie poster)

¶ “Innovative Hydrogen Storage Project Will Be Launched In Glasgow” • The UK government has given £9.4 million for the Whitelee green hydrogen project to construct the UK’s largest electrolyzer. The project will be near the UK’s largest onshore wind farm, near Glasgow. The funding came after the COP26 climate change meeting. [Nature World News]

¶ “TotalEnergies Launches Its Largest Solar Power Plant In France” • TotalEnergies has launched its largest PV solar power plant in France, with a capacity of 55 MW. The solar farm is northeast of Gien (Loiret) and has 126,000 PV panels spread out over 75 hectares (185 acres). The plant will produce around 64 GWh per year. [MarketWatch]

Solar farm (Zbynek Burival, Unsplash)

¶ “Aker Horizons Says Mainstream Renewable Power Funding Round Raised €90 Million” • According to Aker Horizons ASA, Mainstream Renewable Power raised €90 million ($101.7 million) to accelerate new market entries and the build-out of gigawatt-scale wind and solar assets across Latin America, Africa and the Asia Pacific region. [MarketWatch]

¶ “Nestlé Australia Switches To 100% Renewables With CWP Wind Farm Deal” • The Australian offshoot of global food giant Nestlé says it is switching to a 100% renewable energy supply after signing a 10-year power purchase agreement with CWP Renewables. The PPA is for energy from two wind farms with a combined capacity of 404 MW. [Renew Economy]

CWP wind farm (CWP photo)

¶ “Nuclear Talks Resume As West Asks Whether Iran Is Serious Or Stalling” • World powers and Iran will gather in Vienna to try to salvage their 2015 nuclear deal, but with Tehran sticking to its tough stance and Western powers increasingly frustrated, hopes of a breakthrough appear slim. Diplomats say time is running low to resurrect the pact. [Al Arabiya]

US:

¶ “US Seeks To Boost Oil Royalties To Account For Climate Change” • The Biden administration issued a long-awaited blueprint for overhauling oil and gas development on federal lands. The Interior Department report recommends higher fees and more limits on federal oil and gas leasing to better account for climate change. [World Oil]

Drilling rig ready to be towed to sea (Maria Lupan, Unsplash)

¶ “Community Systems Offer Alternative Paths For Solar Growth” • Larger than home rooftop systems but smaller than utility-scale complexes, they’re located atop buildings, or on abandoned factory grounds and farms. Individuals or companies subscribe to portions of energy sent to the grid and get credits that reduce their electricity bills. [USNews.com]

¶ “Climate change challenges Michigan’s power delivery” • Michigan utilities are struggling to provide reliable energy to customers as storms become more frequent and severe. This past summer, Consumers Energy replaced 1,600 utility poles in the aftermath of one especially bad storm, according to one of the the utility company officials. [The Daily Telegram]

Have a brilliantly fortunate day.

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