The Southwest became the center of U.S. climate action yesterday, as New Mexico lawmakers voted to decarbonize their state’s electric grid and Nevada’s governor announced his support for bills to expand renewable energy and enshrine carbon reduction targets in law.
The developments represented a striking shift for American climate efforts. Climate policy, long dominated at the state level by California and a handful of Northeastern states, had stagnated in Nevada and New Mexico until recently.
Creative destruction is one of the fundamental principals of capitalism. In theory, when a business no longer serves the needs of the marketplace, it will be destroyed and replaced by one that does. That’s pretty much what officials in San Francisco have in mind as they contemplate what will replace Pacific Gas & Electric after it filed for bankruptcy in January.
Better Energy, Denmark’s leading provider of large-scale megawatt solar parks, has begun a long-term collaboration with the Danish energy storage consulting firm Hybrid Greentech. This partnership will develop new technical concepts to stabilize electricity supplies from solar cell parks. By improving energy storage, energy producers can improve the quality and stability of the electricity supply, earn higher prices on the electricity markets, and improve the overall profitability of the facilities.
“The people at Hybrid Greentech have technical competencies that contribute to our development of energy storage in interaction with our energy technologies. Hybrid Greentech fits in well, and we are sure they will be a strong a strong partner,” said Mikkel Dau Jacobsen, Executive Vice President, Technology and Solutions, Better Energy.
Renewable energy sources will be the world’s main source of power within two decades and are establishing a foothold in the global energy system faster than any fuel in history, according to BP.
The UK-based oil company said wind, solar and other renewables will account for about 30% of the world’s electricity supplies by 2040, up from 25% in BP’s 2040 estimates last year, and about 10% today.
In regions such as Europe, the figure will be as high as 50% by 2040. The speed of growth was without parallel, the company said in its annual energy outlook.
While oil took almost 45 years to go from 1% of global energy to 10%, and gas took more than 50 years, renewables are expected to do so within 25 years in the report’s central scenario.
Buying enough clean energy to make up for your dirty energy is one thing; using all clean energy 24/7 is another, and it could signal a new approach.
Our time to move away from dirty energy to green sources is limited. Federal governments can’t be relied upon to push the conversion–especially not the one in the U.S., which is actively working against large-scale adoption of green energy. Much of the progress we’ve seen so far has come from big corporate energy buyers demanding carbon-free power. There is an ecological motivation, but it’s also driven by a desire to get in on the falling cost and high cost predictability of renewable energy sources like wind and solar.
The largest corporate buyers are big tech companies that rely heavily on global networks of large power-hungry data centers, storing and serving up most of the internet’s digital content: videos and movies, webpages, search results. No surprise: Google is a gigantic energy hog, but it’s also currently the world’s largest buyer of renewable energy, in its various forms—over 3 gigawatts—according to a March report by Bloomberg New Energy Finance. (This particular Fast Company article comes to you via a server hosted by Amazon Web Services, the world’s largest cloud provider and No. 2 on Bloomberg’s list; Microsoft, Apple, and the U.S. Department of Defense round out the current top 5.) Continue reading “Google is searching for a way to be zero emissions all the time”→
Energy from the ocean breakers that pound Mexico’s Pacific Coast could soon be turned into electricity as an Israeli joint venture finalizes permits and financing for the country’s first wave energy plant.
Wave power development has long lagged renewable rivals such as solar, but Eco Wave Power says it could prove an effective way to deliver power to coastal communities in countries such as Ghana or Kenya that have little access to electricity.
“The ocean is the biggest renewable resource that we have and it’s completely untapped, and it has to change,” said Inna Braverman, co-founder of Tel Aviv-based Eco Wave Power.
“At the moment we’re a comparable price to solar, but the advantage on top of solar is the availability of the resource…. It keeps working 24/7,” she told the Thomson Reuters Foundation.
After scanning the coast for optimal wave conditions, the company decided to set up its first Mexican plant near Manzanillo, the country’s busiest cargo port some 525 miles west of Mexico City.
Situated close to the shore, hundreds of floating buoys connected by arms to a jetty would move with the waves to generate clean electricity at the 4.8-megawatt plant. Continue reading “Pipe dream or reality? Mexico looks to harness waves for green energy”→
According to a new research report by market research and strategy consulting firm, Global Market Insights Inc., the offshore wind energy market size will exceed USD $60 billion by 2024. The global offshore wind energy market has been set ablaze with a number of projects that have recently commenced power production. For instance, following the installation of its first 7-MW turbines, Scotland’s biggest offshore wind farm has sent power for the first time to the National Grid.