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Asia’s Co-Firing Ambitions May Produce More Carbon Emissions - Bloomberg Energy Science (Jul 06, 2023) |
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Jul 06, 2023 · Among recent projects, Japanese trading house Mitsui & Co. in June concluded a sales agreement to supply ammonia in large-scale co-firing at Jera Co.’s Hekinan Thermal Power Station. Meanwhile, South Korea is aiming to use hydrogen and ammonia in its existing coal power plants, with the two fuels making up more than 7% of the power mix in 2036.
Southeast Asian countries including Indonesia have also signed agreements to research domestic co-firing potential.
Proposals to co-fire ammonia or hydrogen in power plants to replace 20% to 30% of coal or gas burned still leave 80% to 70% of fossil fuel emissions, the Breakthrough Institute said. The benefits shrink ... Read more ...
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World’s Biggest Nuclear Power Plant Being Planned in Canada - Bloomberg Energy Science (Jul 05, 2023) |
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Jul 05, 2023 · The announcement comes amid growing recognition that carbon-free nuclear power is likely to play an important role in the global battle against climate change. Canada is developing plans to mandate a net-zero power grid by 2035, and the Bruce project would be the first conventional nuclear plant in the province in three decades. Another utility in the region, Ontario Power Generation Inc., is involved in an effort to develop a new type of advanced reactor.
“New nuclear generation is going to be critical to building the clean grid of the future,” said Todd Smith, Ontario’s energy minister.
To contact the editors responsible for this ... Read more ...
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The State of World Energy Explained in 4 Charts - Bloomberg Energy Science (Jun 29, 2023) |
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Jun 29, 2023 · Worldwide energy demand is increasing, but it is a split screen in terms of economies. For the high- and middle-income economies of the Organization for Economic Cooperation and Development, primary energy demand peaked 15 years ago — coincidentally the same year that demand in the rest of the world surpassed the OECD’s. Demand in OECD countries has actually declined by 3.4% in absolute terms since 2007, while it has grown almost unabated in the rest of the world over the same time.
In relative terms, the OECD’s role in global energy demand continues to decline, albeit slowly. In 2007, it was responsible for just under half of ... Read more ...
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In Texas Heat Wave, ACs Keep Humming on Renewable Power - Bloomberg Energy Science (Jun 28, 2023) |
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Jun 28, 2023 · Green-power sources contributed about a third of total output Wednesday. In just three years, oil-rich Texas has added the solar equivalent of 12 nuclear reactors, putting it on the cusp of surpassing California as the top producer of electricity from solar farms.
Renewables’ prominent role in the grid’s stability over the past two weeks casts doubt on some Republican politicians’ claims that heavy reliance on solar and wind was leaving the network vulnerable to disruption.
Texas grid officials have only had to ask consumers to conserve energy on one day since extreme temperatures descended on the Lone Star State, prompting heat advisories and ... Read more ...
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Big Oil’s Pullback From Clean Energy Matters Less Than You Might Think - Bloomberg Energy Science (Jun 25, 2023) |
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Jun 25, 2023 · The first is the share of the companies’ capital expenditure that has gone to clean energy. In 2015, oil majors deployed 0.8% of their capex in low-carbon activities. Last year, that figure had increased more than tenfold, with low-carbon investments reaching 8.6% of total capex.
However, this trend did not keep pace with the total growth in energy-transition investment. In 2015, oil majors’ $3.2 billion of low-carbon capex was less than 1% of all investment. Last year, their $32.3 billion was 10 times higher in absolute terms, but only three-and-a-half times higher as a share of the total. In fact, after jumping from 0.7% of ... Read more ...
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EU Power-Market Design Talks Fail Amid French Nuclear Rift - Bloomberg Energy Science (Jun 19, 2023) |
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Jun 19, 2023 · The delay will raise concern over whether future disagreements will block progress before EU elections next year. The European Parliament needs to still agree its own position before talks can begin with member states. Busch said that a deal is vital to help the EU boost its energy security in the wake of Russia’s invasion of Ukraine.
Claude Turmes, Luxembourg’s energy minister, said provisions in the deal would pay France to prolong existing nuclear facilities, giving the sector unfair benefits.
“For EDF, this is like a check of €120 billion,” he said, referring to Electricite de France SA. “This is really about distorting the ... Read more ...
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