article thumbnail

Why Flexible Gas Generation Must Be Part of Deep Decarbonization

GreenTechMedia

“They are donating all of this electricity they paid highly for in subsidies to other countries, often with negative prices,” said Jussi Heikkinen, director of growth and development for the Americas at Wärtsilä, a Finnish company that manufactures battery storage and flexible gas power plants.

article thumbnail

Will Covid-19 Permanently Shrink The Fossil Fuel Industry?

R-Squared Energy

The primary culprits behind coal’s decline are competition from cheap natural gas brought on by the shale gas boom in the U.S., as well as a surge of renewable capacity aided by legislation aimed at curbing carbon dioxide emissions. But the natural gas and subsequent oil boom were victims of their own success.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Climate Sceptic Goes Unchallenged on BBC’s Today Programme

DeSmogBlog

The National Grid aims to switch the UK securely and efficiently to a 100 percent low-carbon grid led by wind and solar energy by 2035, and expects to have stints of fully carbon-free UK electricity as early as 2025. Fossil fuels are responsible for the majority of greenhouse gas emissions warming the planet, according to the IPCC.

article thumbnail

How Shell Is Selling the Petrochemical Buildout as ‘Sustainable’

DeSmogBlog

For instance, the company’s just-published “ Energy Transition Progress report ” references chemicals right alongside “low carbon energy” and “renewable natural gas” as examples of the company’s stated commitment to lowering emissions. Credit: Beyond Plastics One such community is Convent, a majority Black town in St.

article thumbnail

Carbon to Value Initiative Leaders Urban Future Lab, Greentown Labs, and the Fraunhofer USA TechBridge Program Announce Formation of the Carbontech Leadership Council

Greentown Labs

Multi-year initiative seeks carbon-to-value startups and welcomes first Carbontech Leadership Council members. The C2V Initiative is a unique, multi-year program driving the creation of a thriving innovation ecosystem for the commercialization of carbontech—technologies that capture and convert carbon dioxide (CO?) New York City, N.Y.,

article thumbnail

Greentown Labs Announces Location of New Incubator in Houston’s Innovation District

Greentown Labs

Greentown Labs is already working closely with the City of Houston to support the goals outlined in its first-ever Climate Action Plan , which includes a commitment of becoming carbon neutral by 2050. Microsoft’s VP Energy Industry Darryl Willis will join Greentown Houston’s Founding Advisory Board.

article thumbnail

20 C-suite sustainability champions for 2021

GreenBiz

In 2014, the electrical engineer and MBA became the first woman to lead a U.S. The company, an early partner with the Ellen MacArthur Foundation, has positioned water and carbon emissions as equally critical in the climate crisis. Last year, Ecolab set a goal for net-zero carbon emissions by 2050, getting halfway there by 2030.