The UK has committed up to $28.5 billion for carbon capture projects
The government announced on Friday that it will invest up to 21.7 billion pounds (up to $28.5 billion) in 25 years for the development of carbon capture and storage technology to reduce emissions from energy, industry, and hydrogen production. Britain has set a target of achieving net zero emissions in 2050. CCS is needed to reduce emissions from industries that are energy-intensive and to create jobs.
BP Beefs Up Hydrogen Team in Bet on Fuel's Future
BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels.The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath, a former head of RWE Renewables, has…
2050 Not Achievable Without Carbon Capture, says ABS' Wiernicki
“Carbon capture is going to be a key transformational technology for shipping to achieve net zero emissions by 2050. It will be critical to addressing the challenge before us, which is the sheer gradient of the curve. At the moment we can only see the outline of a solution to get us to 2050. But it is clear already that net zero cannot…
Energy @ Sea: Powering Up in the Blue Desert
Last year marked the beginning of the United Nations Decade of Ocean Science for Sustainable Development, lasting from 2021 until 2030. With 10 years comes 10 challenges—goals for regional, national and global participants to work towards for positive, collective impact on our oceans. Included in the 10 are ocean-based solutions for climate change…
Vestas Taps Car Battery Know-how for Wind Power Storage
The world's largest wind turbine maker Vestas is tapping into experience from the car battery industry to try to address the challenge of using erratic wind and solar energy to meet a growing share of power demand. Energy storage is becoming increasingly important as production of renewable energy rises, because the wind might not blow…
Vitol Launches JV for UK Battery Project
Vitol owned VPI Immingham and renewable investment fund Low Carbon Ltd have launched a joint venture to invest up to 250 million pounds ($311 million) in energy storage and distributed power generation in Britain, the companies said on Tuesday. The VLC Energy joint venture will initially build two battery storage plants, one in Cleator…
New Subsea Storage Technology Introduced
In January of this year, Dutch subsea technology company Seatools completed an R&D program on a subsea liquid storage technology. During the program – a continuation of an earlier engineering study performed on behalf of Statoil Petroleum AS – the storage technology passed a full product qualification test program and will now be applied at a Pile Installation Frame operated by Seaway Heavy Lifting.
Coal Demand Growth to Stall as Appetite Wanes - IEA
Growth in global coal demand will stall over the next five years as the appetite for the fuel wanes and other energy sources gain ground, according to the latest coal forecast from the International Energy Agency. The share of coal in the power generation mix will drop to 36% by 2021, down from 41% in 2014, the IEA said in the latest Medium-Term Coal Market Report…
ExxonMobil Invests $15 Mln in Austin Energy Institute
ExxonMobil announced that it will invest $15 million as a leadership member of the University of Texas at Austin Energy Institute to pursue technologies to help meet growing energy demand while reducing environmental impacts and the risk of climate change. The joint research initiative will study transformational energy innovations including…
Climate Policies Won't Strand Oil & Gas: Kemp
Fossil fuel-producing companies have been thrown onto the defensive over the last two years by the argument that many of their reserves will be "stranded" as the world transitions to cleaner forms of energy. Climate campaigners claim a large percentage of already known oil, gas and coal reserves must remain unburned if the rise in global temperatures is to remain below two degrees Celsius.
Climate Policies Will Not Strand Oil and Gas Reserves
Fossil fuel-producing companies have been thrown onto the defensive over the last two years by the argument that many of their reserves will be "stranded" as the world transitions to cleaner forms of energy. Climate campaigners claim a large percentage of already known oil, gas and coal reserves must remain unburned if the rise in global temperatures is to remain below two degrees Celsius.
Corvus Energy, LG Chem Partner
Corvus Energy (Corvus) announced a multi-year agreement with LG Chem Ltd. (LG Chem). Under this agreement, LG Chem, a manufacturer of advanced lithium-ion batteries, will be a key supplier of lithium-ion pouch cells for Corvus’ next generation maritime energy storage systems (ESS). The agreement provides Corvus with the latest technology…
House Batteries Help the Grid & Consumers
Energy provider Ergon Retail is running a trial, with support from the Australian Renewable Energy Agency (ARENA), in 33 Queensland homes in Toowoomba in the south of the state and Townsville and Cannonvale in the north. In recent months, about 30 country householders have joined a pilot project that provides a glimpse of the future of our energy grid.
SoCalGas Launches First Power-to-gas Project in US
Southern California Gas Company is bringing sci-fi innovation to life and has joined with the Energy Department's National Renewable Energy Laboratory (NREL) and the National Fuel Cell Research Center (NFCRC) to launch demonstration projects to create and test a carbon-free, power-to-gas system for the first time ever in the U.S. The technology…
Corvus Gains Support from WINN Initiative
Corvus Energy announced today the award of $1.3 million in repayable assistance from the Western Innovation (WINN) Initiative for its project to further develop the Corvus Energy Storage System. The Corvus Energy system provides industrial scale energy storage to enable customers to power or hybridize fully electric heavy equipment. Designed for use in extreme environmental conditions…
NY-BEST & DNV GL Jointly Open Service Center
The New York Battery and Energy Storage Technology Consortium (NY-BEST) and DNV GL (formerly DNV KEMA) today announced the opening of the new state-of-the-art Battery and Energy Storage Technology (BEST) Testing and Commercialization Center in Rochester, New York. The Center’s services include a suite of test, validation and independent…
