article thumbnail

A Nordic energy giant shows how a carbon turnaround happens

Business Green

The company recorded profits of $2.74bn in 2020, with many new projects in the pipeline in the coming decade - including large developments in solar power, onshore wind and green hydrogen. "I France built nuclear power. Iceland tapped geothermal. The US ultimately found fracking. Denmark looked to offshore wind.

Carbon 100
article thumbnail

A 21st-century reinvention of the electric grid is crucial for solving the climate change crisis

Renewable Energy World

Then, beginning around 2009, first wind turbines and then solar photovoltaic panels decreased enough in cost to become competitive in electricity markets. Beginning in 1958, these were augmented by nuclear power plants, which have operated nearly continuously to pay off their large capital investments.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Like the solar transition, federal action is critical to launching the e-mobility economy

Renewable Energy World

In 2010, solar power was just 4 percent of new electric generating capacity and there was a patchwork of state solar policies and renewable portfolio standards. [1] The 2009 U.S. Asaf Nagler, Senior Director, Government Relations, ABB Inc. These dramatic changes did not happen in a vacuum.

article thumbnail

DOE Awards $160M to TerraPower and X-Energy to Build Advanced Nuclear Plants by 2027

GreenTechMedia

” Brouillette's comments are a nod to the United States’ relatively slow progress in advanced nuclear power compared to countries like Russia, which has the world’s only full-scale testing platform for smaller-scale nuclear reactors, and China, which is building units today, albeit with less modern designs.

Energy 240
article thumbnail

'We are the good guys': IRENA's Francesco La Camera on hydrogen, nuclear, and the energy crisis

Business Green

During the discussion, he touched on the huge potential for renewables and hydrogen, the role for nuclear power, the human rights challenges facing the industry, and the disruption resulting from the energy supply crunch that is currently shaking the global economy. world alive, he said.

article thumbnail

Greentech Media Bids Farewell

GreenTechMedia

Two months later, Barack Obama was elected president and began work on the stimulus package, passed in February 2009, that reinjected life into the faltering clean energy sector. I came to GTM in the fall of 2008, just in time to catch the start of the cleantech VC bubble bursting around our San Francisco Bay Area editorial offices.

article thumbnail

Jigar Shah’s Plan to Manage DOE’s $40B Loan Program

GreenTechMedia

As CEO and co-founder of SunEdison, he helped pioneer the solar power-purchase agreement (PPA) model now central to the industry. In terms of technologies eligible for loans, roughly half of the more than $40 billion available is earmarked for advanced fossil fuel and nuclear power. and around the world, he said.