Business Green

SEPTEMBER 11, 2020

Plus Poland and South Korea coal-phase outs, Siemens Gamesa hydrogen project, and all the top green business news from around the world this week. Poland accelerates coal phase out, pushes for nuclear and offshore wind. million, in addition to increasing the number of hydrogen vehicles from 8,000 to 200,000 over the coming years.

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Business Green

JULY 17, 2022

Advanced nuclear technologies, modular manufacturing methods and new approaches to project finance could usher a more cost-effective era for the UK's nuclear industry, writes LSE's Esin Serin. As part of its approach to dealing with energy security concerns, the UK government has turned to nuclear power.

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Business Green

APRIL 7, 2022

Nuclear targets increased to 24GW by 2050. Arguably the biggest change from the UK's previous energy plans is the Strategy's goal to deliver 24GW of nuclear power capacity by 2050, which it said would result in around 25 per cent of UK electricity demand being met by a major fleet of both large and small new reactors.

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Business Green

JULY 19, 2022

What could the UK's energy system look like in 2050, once offshore wind energy is the backbone of the electricity grid, fossil fuel vehicles are increasingly scarce, hydrogen fuel has gone from vision to reality, and energy efficiency is an everyday consideration for families and businesses alike?

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Climate Tech VC

FEBRUARY 12, 2024

  KoBold Metals discovered a major copper deposit, which could be the start to solving growing supply and demand imbalances brought on by copper’s fundamental role in the energy transition.    In deals, geologic hydrogen digs up $245m, $181m across six EV deals, and Brookfield’s $10bn climate transition fund. 

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Business Green

MAY 9, 2022

The UK's new clean energy targets must be matched by a major electricity infrastructure and demand-side flexibility blitz, experts have warned. For more than half the time in 2030 the UK's renewable and nuclear backed energy system will be producing more energy from renewables and nuclear than it uses," said Chris Matson, partner at LCP.

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Business Green

MARCH 2, 2023

The think tank's new analysis, titled CO2 Emissions in 2022 , shows global energy-related CO2 emissions grew just 0.9 The emissions savings could have been higher still were it not for the summer heat waves that hit the northern hemisphere and the fact an unusually large number of nuclear power plants were offline for sustained periods.

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Business Green

AUGUST 15, 2022

Labour said its £29bn plan would be paid for in part by backdating to January 2022 the government's so-called ‘windfall tax' on the vast profits enjoyed by oil and gas firms during the energy crisis, which has been largely driven by soaring global prices for fossil gas. New nuclear projects are forever delayed.".

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Business Green

JULY 8, 2022

The update to the OBR's analysis concludes that should fossil gas costs remain high for over the long-term, it could cut the costs of delivering net zero by £116bn between 2022-2050, which amounts to 0.1 But the intermittency problem is significant, especially as the share of energy generation that comes from these sources grows.

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Business Green

APRIL 6, 2022

As expected, the nuclear and offshore wind industries are set to emerge as the big winners, with the Strategy proposing a series of reforms designed to accelerate development. For example, the strategy will include a new ambition to develop up to 24GW of nuclear capacity by 2050, delivering around a quarter of anticipated power demand.

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Renewable Energy World

OCTOBER 11, 2021

of Energy to demonstrate technology that produces clean hydrogen energy from nuclear power, as part of the agency's goal of reducing the cost of clean hydrogen production by 80%. Additionally, President Biden's FY 2022 budget request includes $400 million for hydrogen activities, compared to $285 million in FY 2021.

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Climate Tech VC

AUGUST 17, 2023

With the growth of e-commerce and demand for faster shipping (which means burning more fuel), maritime emissions increased nearly 5% between 2020 and 2021. More than 100,000 ships over 100 gross tons sailed the seven seas in 2022. Therefore, freight owners are a critical demand lever for pulling decarbonization forward. -

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Business Green

JANUARY 4, 2023

But critics argued the Strategy failed to mobilise sufficient near term action to boost renewables supplies and curb energy demand, and through the subsquent changes in Prime Minister the government has sought to quietly plug some of the gaps in the strategy. How has the report been received?

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Business Green

JANUARY 13, 2023

After all, the Net Zero Review - or Mission Zero, as it is officially titled - does not demand a revolutionary overhaul of government policy backed by a blank cheque from the Treasury to spur on decarbonisation efforts. Clear roadmaps should also be developed for different nuclear technologies, such as small modular reactors.

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GreenTechMedia

SEPTEMBER 16, 2020

At the very least, utilities will need plans that can get them most of the way there, while rushing ahead with next-generation technologies: long-duration energy storage, small modular nuclear reactors or green hydrogen and methane to fuel natural gas peaker plants. Here's a look at the five largest U.S.

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Envirotec Magazine

MARCH 27, 2023

“Increasing nuclear capacity is vital to meet our net zero obligations, so to encourage private sector investment into our nuclear programme, I confirm, subject to consultation, nuclear power will be classed as environmentally sustainable.” 2022), p258 the “U” in “CCUS”). References [1] Smith, Wake.

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Business Green

MARCH 16, 2022

But while leaders have highlighted the need to rapidly boost clean energy generation and diversify sources of gas, so-called demand-side policies designed to reduce the amount of energy businesses and households are generating have gained notably less traction among policymakers. It was a glaring omission.

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Business Green

JUNE 13, 2022

The cost of generating power from solar and wind farms in particular has tumbled over the past decade, with gas generation now estimated to be more than four times more expensive than renewables, and twice as expensive as nuclear power. — Adam Bell (@Adam_Grant_Bell) June 13, 2022.

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Envirotec Magazine

OCTOBER 14, 2022

It also has set and met ambitious clean energy and has the potential to produce an enormous amount of clean electricity, heat, and hydrogen with offshore wind and nuclear power. trillion in clean energy investments in 2022, with investment growing by 12% since 2020, up from 2% in 2015.

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Business Green

JANUARY 24, 2022

Director-general of the clean energy agency offers his thoughts on the energy crisis, green and blue hydrogen, and why renewables must be the priority in the 2020s. On green and blue hydrogen. BusinessGreen was there to listen in on what the self-styled 'good guys' of the global energy transition are currently thinking.

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Business Green

MARCH 25, 2022

But it also stressed that such measures would be "in alignment with climate objectives" and would include work to curb methane emissions, boost renewables capacity, and ensure new gas infrastructure is hydrogen-ready. UN sets new target to deliver global climate warning system. Formula E preps launch of 'world's most sustainable racing car'.

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Business Green

APRIL 8, 2022

And some of the measures set out in the plan were duly welcomed by the green economy, with developers and investors broadly praising the increased targets for offshore wind, nuclear, and hydrogen projects.

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Climate Tech VC

JANUARY 16, 2024

Saudi Arabian ACWA Power outlined a $4bn green hydrogen and ammonia facility in Egypt that could produce up to 600,000 tons of green ammonia per year. M&A Abu Dhabi National Oil Company (ADNOC) bought Fertiglobe for $3.6bn, the world’s largest maritime ammonia exporter, as part of its national green hydrogen strategy.

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Business Green

SEPTEMBER 23, 2022

But the promise of streamlining the planning process may also offer a much-needed boost for major low carbon energy projects such as nuclear power plants and offshore wind farms. Boosting the ECO scheme could well end up being cost neutral on Treasury with insulation cutting gas demand and so the overall price tag of the bailout.

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GreenTechMedia

SEPTEMBER 28, 2020

GW of generating capacity, measured in terms of 2020 peak summer demand, incudes 5.3 GW of nuclear, 820 megawatts of hydroelectric and 13 MW of solar. Ameren Illinois doesn’t own generation; it acquires generation resources through a procurement process managed by the Illinois Power Agency or through retail electric suppliers.

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Business Green

JUNE 4, 2021

Emissions also fell in other industrial sectors and residential buildings that year due to a warmer winter and lower demand for heating, but CO2 from the transport sector continued to increase, largely driven by growing fuel consumption from passenger cars on Europe's roads. GWEC: Global wind power surge requires half a million new workers.

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Business Green

AUGUST 8, 2022

Firstly, current federal tax credits for developing onshore and offshore wind, solar, biomass, landfill gas, waste-to-energy, hydropower, geothermal, and marine renewable power projects - which had faced cuts from 2022 - are to be extended until 2025 under the Act. And advanced nuclear power production tax credits of 1.5

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