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The Wind Industry’s Success Has Become Its Biggest Threat

The head of one of the world’s biggest developers of renewable energy, Denmark’s Orsted, worries that the energy transition could see a slowdown as rising competition and interest rates squeeze returns and upend the case for investment.Orsted is the world’s largest developer of offshore wind farms, which it helped pioneer from a niche technology into one of the fastest-growing forms of renewable energy. Offshore projects can use much larger turbines — the size of skyscrapers — and are able to tap into stronger and more consistent winds off the coasts. Europe, China, and the US plan to rapidly increase their offshore wind fleets to reach their climate goals.But while governments all over the world are raising their ambitions to replace fossil fuels with clean electricity, the companies...

Published on 1/31/2023 (19 hours ago) Energy Crisis, Solar, Wind & EV's

 

Europe Failing on Renewables as Cost Fears Bite, Vestas CEO Says

Europe is failing on its renewable energy plan as the cost of development soars, according to the world’s biggest wind-turbine maker. (Bloomberg) — Europe is failing on its renewable energy plan as the cost of development soars, according to the world’s biggest wind-turbine maker. Clean energy developers should be “building like crazy” to meet European Union renewable-capacity targets, Vestas Wind Systems A/S Chief Executive Officer Henrik Andersen said in an interview. Power prices are so high right now that steep construction costs should not stymie projects, he said.Vestas is among manufacturers to have raised prices as it struggles with higher commodities costs and supply-chain constraints that have rocked the industry over the past two years. But cost inflation doesn’t only threaten...

Published on 1/31/2023 (19 hours ago) Energy Crisis, Solar, Wind & EV's

 

The Dangerous Fantasy Of Scotland's Net-Zero Energy Transition

Suppose that Scotland’s CO2 emissions fell tomorrow to zero, i.e., that, at midnight, the country ceased to exist.Then according to the “Model for the Assessment of Greenhouse Gas Induced Climate Change” (MAGICC), based on the latest IPCC climate models, the reduction in the Earth’s temperature in 2100 would be…undetectable.Motivated by the moral necessity and urgency of this goal, the Scottish Government is proposing a novel energy policy – its “Energy Strategy and Just Transition Plan”.This article reviews its major themes and their implications, and considers briefly the probability of success of the Scottish Government implementing it.In 2022, due to an insufficient quantity of wind and sun, Scotland’s current collection of wind and solar energy-scavenging devices failed to...

Published on 1/31/2023 (19 hours ago) Energy Crisis, Solar, Wind & EV's

 

Texas regulators investigating Atmos Energy for natural gas service failures during freeze

The Texas Railroad Commission, the agency that regulates the state’s oil and natural gas industry, is investigating Atmos Energy for failures in its natural gas services during last week’s deep freeze.Earlier this week, Gov. Greg Abbott sent letters to state Attorney General Ken Paxton and the Railroad Commission directing them to investigate why many of the company’s customers in North and Central Texas were left without the natural gas necessary to use their water heaters, stoves, and furnaces as temperatures plunged in the days before Christmas.In announcing the launch of the investigation late Wednesday, the Railroad Commission said Atmos Energy had reported “low pressure” as the reason why customers in parts of the state were experiencing interruptions in their natural gas services on...

Published on 1/20/2023 (11 days ago) Energy Crisis

 

API Statement on Biden Administration’s Energy and Climate Executive Orders

WASHINGTON, January 20, 2021 – American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement in response to President Biden’s executive actions on climate and energy issues.“President Biden takes office at a time when the U.S. leads the world both in energy production and environmental performance. This president inherits a strong American energy picture – marked by low household energy costs, record emissions reductions and less reliance on foreign energy. Accelerating America’s energy and environmental progress and enabling the nation’s economic recovery will require sound and effective regulatory and other policies that protect access to affordable, reliable, and cleaner energy produced in the United States.“We share President Biden’s goal of...

Published on 1/20/2023 (11 days ago) Energy Crisis

 

ERCOT to Texas Supremes: ‘Quite Literally, Chaos Will Follow’

If the Texas Legislature wanted the Electric Reliability Council of Texas to be immune from civil lawsuits, it would have passed laws stating so, lawyers representing two large energy companies told the Texas Supreme Court during oral arguments Monday.San Antonio-based CPS Energy and Dallas-based Panda Power Funds have sued ERCOT separately in their hometown courts seeking hundreds of millions of dollars in damages for allegedly erroneous decisions that ERCOT made that negatively impacted the companies. READ FULL ARTICLE...

Published on 1/20/2023 (11 days ago) Energy Crisis

 

How Would a Nuclear EMP Affect the Power Grid? VIDEO

WATCH ON YOUTUBEHow a nuclear blast in the upper atmosphere could disable the power grid....

Published on 1/11/2023 (21 days ago) Energy Crisis, Video

 

Big Growth in Electric Heat Set Stage For Blackouts in US South

(Bloomberg) -- The states hit hardest by blackouts in last week’s winter storm have significantly increased reliance on heating homes with electricity over the last decade, putting more strain on the power grid when temperatures plummet.The number of households using electric heat in Tennessee, North Carolina and South Carolina increased by about 20% from 2009 to 2020, according to government data that survey a sample of households. The generating capacity of power plants in the region, meanwhile, has remained relativity flat and increasingly dependent on natural gas.Those trends played out in dramatic fashion on Dec. 23 and Dec. 24 when temperatures in the region plunged to around 10F (-12C), millions of people cranked up their heat and flows of natural gas plummeted along the East Coast...

Published on 1/11/2023 (21 days ago) Energy Crisis

 

Duke Energy had problem with power source equipment pre-blackout, officials confirm

Before rolling blackouts across the Carolinas on Christmas Eve, some equipment that Duke Energy relies on to generate power for millions either stopped producing energy or produced less than expected, officials have confirmed.In messages to customers and the public over the last week, Duke Energy officials have pointed to high electricity demand that placed “unusual strain on the energy grid” amid freezing temperatures.But the utility now says that unresponsive generating units played a role in the power shortage that led the company to begin rolling outages on Dec. 24 with little notice to residents.WRAL, in Raleigh, first reported the generator problems on Wednesday. Previously, as The Charlotte Observer reported Sunday, officials indicated equipment issues may have contributed to...

Published on 1/11/2023 (21 days ago) Energy Crisis

 

Duke Energy to review rolling blackouts after thousands lost power amid bitter cold

During Christmas weekend, around 800,000 Duke Energy customers across the Carolinas lost power, often without advanced notice, due to rolling blackouts and damaged power lines as temperatures in Asheville reached an eight-year low of zero degrees.Screenshots of Duke Energy's online outage map on Dec. 23 and 24 posted on Twitter by Duke Energy Grid Specialist Jeff Brooks indicated that around 5,000 customers near Asheville lost power due to wind-damaged power lines on Dec. 23 and around 40,000 lost power in rolling blackouts on Dec. 24. Those numbers could not be confirmed, as spokesperson Keith Richardson said Duke does not keep data county by county. The company only keeps data for its service areas, he said, that in this case cover large chunks of North and South Carolina.Everyone had...

Published on 1/11/2023 (21 days ago) Energy Crisis

 

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