Source: Reuters LONDON (Reuters) – Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s electricity business. EOLFI has largely focused on solar and wind projects, including offshore wind farms. Offshore wind is one of the fastest growing renewables markets, with floating structures the technology’s next frontier because they
Source: Houston Chronicle WASHINGTON – Getting the power grid to net-zero carbon emissions by 2050 will be far less costly if nuclear power, along with wind and solar energy, can be expanded, according to scientists from the Massachusetts Institute of Technology. John Reilly, co-director of MIT’s Joint Program on Global Change, and other scientists warn the cost of powering the
Houston Chronicle The raging Kincade fire in northern California has damaged and knocked some of Calpine’s The Geysers power plants offline. Houston-based Calpine operates the world’s largest geothermal power complex in Sonoma and Lake counties in California. The fire originated near the complex’s 45 square miles where more than a dozen geothermal plants generate electricity from naturally occurring steam underground.
US Energy Information Administration Source: U.S. Energy Information Administration, based on U.S. Environmental Protection Agency’s Moderated Transaction System On August 9, 2019, the U.S. Environmental Protection Agency (EPA) announced that it had granted 31 Renewable Fuel Standard (RFS) Small Refinery Exemptions (SRE) for the 2018 compliance year, or 4 fewer than were approved for the 2017 compliance year. As of October 2019,
Reuters Offshore wind could become a cornerstone of the world’s power supply as steep cost reductions and improved technology unleash the potential of the green energy source, said the International Energy Agency (IEA) on Friday. Renewables replacing fossil fuel is crucial to meet a globally-agreed goal of limiting temperature rise to below 2 degrees Celsius this century and the expansion
Source: Houston Chronicle The British energy major BP said Thursday it will build a new pilot plant for recycling plastics at its refining complex in Illinois. The $25 million pilot plant, which is expected to be completed next year, would test BP’s new “Infinia” technology to transform currently un-recyclable plastics into new plastic feedstock. The technology specifically would recycle polyethylene terephthalate,
Dominion Energy and Smithfield Foods invest half billion dollars in Align Renewable Natural Gas(SM) (RNG) joint venture to become largest renewable natural gas supplier in U.S. Dominion Energy (NYSE:D) and Smithfield Foods, Inc. announced today the companies are doubling their investment in renewable natural gas (RNG) projects across the U.S. to $500 million through 2028. This additional investment will expand their Align
Source: Houston Chronicle Wells Fargo, the San Francisco-based bank, negotiated a 10-year renewable energy deal with Reliant Energy, the retail electric provider owned by Houston and New Jersey based NRG Energy. The agreement will provide about 62,000 megawatt hours of solar energy each year to approximately 400 Wells Fargo properties from a new utility-scale solar facility in Texas. NRG isn’t
Source: Houston Chronicle Global capacity of renewable power is expected to grow by 50 percent in the next five years, reflecting a surge in new solar energy systems on commercial buildings, industrial sites and homes. The Paris-based International Energy Agency whose 30 member countries work to supply reliable energy sources predicted an increase of 1,200 gigawatts of renewable power capacity
Source: Reuters FRANKFURT (Reuters) – Germany’s power network operators (TSOs) will hike by 5.5% next year the fee consumers have to pay to support the country’s shift toward renewable energies, they said on Tuesday, confirming what a source earlier told Reuters. The surcharge is a key part of Germany’s policy to switch to lower carbon sources of energy, known as
Source: Cowboy State Daily The Casper landfill will soon be the home of more than 1,000 decommissioned wind turbine blades and motor housing units. According to Cindie Langston, solid waste manager for the Casper Regional Landfill, the materials will be deposited in an area of the landfill designed to hold construction and demolition material. CRL is one of the few
Source: Houston Chronicle Shareholders of global oil giants will be “drowned” in cash from dividends and buybacks for the next 20 years as the firms shift their capital structure to finance renewable projects, according to Rystad Energy. Majors such as Exxon Mobil Corp. and Chevron Corp. have traditionally had to hoard cash as they looked to their own balance sheets
