Where Does the Natural Gas ‘Bridge’ End?

GreenTechMedia

ABU DHABI — The role of natural gas is one of the stickier points of debate related to the global energy transition, and that debate was on full display here this month. Meg Gentle, president and CEO of Houston-based gas company Tellurian, argued that natural gas is a key driver of the energy transition and is already lowering emissions by replacing dirtier fuels like coal and oil. Liquefied natural gas (LNG) exports from the U.S.

Duke Energy Pledges to Eliminate Methane Emissions From Natural Gas Business by 2030

GreenTechMedia

Duke will still rely on natural gas for much its generation capacity across the six states it serves by 2030. Its 15-year integrated resource plan (IRP) states that failing to build new natural gas plants to supply future load growth could increase customer costs significantly.

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The Stranded Asset Threat to Natural Gas

GreenTechMedia

There are $70 billion worth of natural-gas-fired power plants planned in the U.S. But a combination of wind, solar, batteries and demand-side management could threaten up to 90 percent of those investments. New modeling from the Rocky Mountain Institute shows that more than 60 gigawatts of new gas plants are already economically challenged by those technologies. And by the mid-2030s, existing gas plants will be under threat.

Drax Cancels Plan to Build Europe’s Largest Natural Gas Power Plant

GreenTechMedia

Plans for a new 3.6-gigawatt natural gas power plant in the U.K. It would have been the largest gas plant in Europe and, unsurprisingly, drew the attention of environmental groups. GW of new gas peaker plants split across four sites in the U.K.

Rethinking Future Investments in Natural Gas Infrastructure

GreenTechMedia

Cities and utilities across the United States are starting to reject natural gas — and not just for environmental reasons. San Jose, the tenth largest city in the country, recently joined a string of cities banning gas utility connections for new homes and buildings. Utilities in Florida and California recently made similar decisions to move away from gas in favor of renewable energy. Nonetheless, the rush to gas continues.

Duke Energy Faces Challenges to Its Push for New Natural Gas Plants

GreenTechMedia

Of the six “pathways” Duke lays out for halving carbon emissions by 2030 and reaching net-zero carbon by 2050 , only one would avoid building new natural gas plants. gigawatts of new natural gas capacity.

Texas Blackout Hearings Highlight Intertwined Risks of Natural Gas, Power Grid and Deregulated Market

GreenTechMedia

The catastrophic breakdown of Texas’ natural gas and electricity system last week lacks a single villain to blame for it all. “If natural gas is compromised, the power system is going to be compromised,” NRG President Mauricio Gutierrez told lawmakers.

Southeast Asia to establish its own framework for green investments, but natural gas remains a feature

Eco-Business

Southeast Asia is establishing a green finance rulebook to bring greater accountability to sustainable investments. Balancing the needs of countries that have different ambitions to cut carbon emissions will be a major test

Green Hydrogen in Natural Gas Pipelines: Decarbonization Solution or Pipe Dream?

GreenTechMedia

Can carbon-free hydrogen augment, or even replace, the fossil natural gas running through pipelines to fuel furnaces, boilers, stoves and other building applications today? Natural gas utilities around the world are seeking real-world answers to these kinds of questions.

Four ways EPA methane rollbacks threaten American natural gas

EDF + Business

By Ben Ratner At the behest of the American Petroleum Institute, the Environmental Protection Agency is proposing to eliminate nationwide limits on methane pollution, sending America’s natural gas industry backwards to the days of uncontrolled emissions. This dangerous proposal threatens the climate, the communities living near oil and gas development and the increasingly vulnerable status of American natural gas in a transition to a net-zero carbon emission economy.

Massachusetts Moves to Follow California, New York in Planning for Natural Gas Phaseout

GreenTechMedia

Massachusetts may become just the third state, after California and New York, to begin planning for a managed decline of its conventional natural gas industry. In other words, if Massachusetts is to meet its legally binding carbon targets, there is no future for fossil gas.

Dominion Energy Highlights Move from Natural Gas to Offshore Wind in Q3 Earnings Call

GreenTechMedia

Dominion Energy marked two key milestones in its Thursday third-quarter earnings call — its exit from its interstate natural gas pipeline business, and its latest steps toward building the mid-Atlantic’s first gigawatt-scale offshore wind farm. It's seeking to attract turbine supplier Siemens Gamesa to build a manufacturing facility its home state , and make investments in building the massive port facilities and ships needed to install them in ocean waters.

Report finds consumers could save $29 billion if clean energy replaced proposed natural gas plants

Solar Power World

investments in electricity generation have reached a historic tipping point: combinations of solar, wind, storage, efficiency and demand response are now less expensive than most proposed gas power plant projects. The economics guiding U.S.

Orsted Sells LNG Unit, But Says Its Natural Gas Business Isn’t Going Anywhere

GreenTechMedia

Danish energy company Ørsted has sold off its LNG unit but will hang on to its gas trading business. The firm, previously known as Danish Oil and Natural Gas, sold its upstream fossil fuels business to Ineos in 2017 and is phasing coal out of its generation mix by 2023. While renewables remain an investment priority, they are not the only show in town. A spokesperson for the company told GTM the rest of its gas business was unlikely to be divested.

Huge Battery Investments Drop Energy-Storage Costs Faster Than Expected, Threatening Natural Gas

Forbes Green Tech

The global energy transition is happening faster than the models predicted, according to a report released today by the Rocky Mountain Institute, thanks to massive investments in the advanced-battery technology ecosystem

IEA: Stronger policies urgently needed to curb demand for natural gas

Business Green

Growing demand for natural gas will start to be curbed in the coming years, but more needs to be done to meet net zero goals, IEA report warns. Natural gas demand is expected to rise by 3.6 These include measures to ensure gas is used more efficiently.

Natural Gas beat coal in the US. Will renewables and storage beat gas?

Renewable Energy World

In April 2019, in the heart of coal country, Indiana regulators rejected a proposal by its electric and gas utility, Vectren, to replace baseload coal plants with a new $900 million, 850 megawatt (MW) natural gas-fired power plant. Regulators were concerned that with the dramatic decline in the cost of renewable energy, maturation of energy storage and rapidly changing customer demand, such a major gas plant investment could become a stranded, uneconomic asset in the future.

New York Utility Company Seeks Proposals to Electrify Buildings Instead of Building More Gas Pipelines

Energy and Cleantech Council

NPSs avoid the need for investment in pipelines and traditional distribution system infrastructure by meeting on-system natural gas demand with alternative solutions like energy efficiency and heat pumps.

New tool empowers utilities to reduce emissions in investment planning

Renewable Energy World

As the United States moves toward decarbonization, cities and states must use all means available to reduce climate pollution, and natural gas utilities should be at the forefront of this rapid energy transition. By Erin Murphy and Christie Hicks , EDF.

After Scrapping Gas Pipeline, Duke Looks to Plug Hole With Renewables, Grid Investments

GreenTechMedia

billion charge related to abandoning the Atlantic Coast Pipeline, but also laid out how its renewable energy and grid modernization plans will fill in the capital investments hole left by the canceled multi-billion dollar natural gas project. Duke Energy on Monday reported a $1.6

The European Investment Bank Has Quit Fossil Fuels. Now What?

GreenTechMedia

billion), the European Investment Bank is one of the sector’s biggest lenders. And for every euro the EIB puts into a project or business, around seven more are invested by the private sector. Since 2013 the EIB has invested €13.4

SPACs offer new investment opportunities for energy industry

Renewable Energy World

Frequently, these combinations occur at the same time as a private investment by institutional investors in the SPAC. As the recent experience at ExxonMobile has shown, investors are eager to invest in, and accelerate the migration toward, energy production that does not rely on fossil fuels.

IEA: ‘Historic Plunge’ in Investment Could Undermine the Energy Transition

GreenTechMedia

Coronavirus will create a $400 billion hole in energy investment in 2020, but the power sector is faring relatively well compared to oil and gas, according to the International Energy Agency (IEA). ” Oil and gas investments crushed.

Xcel Targets $1.4B in Wind and Solar Investments, Outlines Broader Carbon-Reduction Goals

GreenTechMedia

billion in new wind and solar investments in the next 12 months and is outlining plans for electric vehicle charging, energy storage and green hydrogen production pilot programs to meet its goal to reach net-zero carbon emissions by 2050.

LNG in the Philippines: Are investors risking US$14 billion in stranded assets?

Eco-Business

The country's only domestic source of liquified natural gas is expected to run dry this decade sparking a boom in import terminal projects. But regulatory uncertainty and financial risks could turn them into bad investments

Transitioning To A Smarter Grid: Virtual Power Plants

Forbes Green Tech

VPPs pair inexpensive equipment installed at electrical customers’ homes and businesses with some very smart networking software to take over many of the functions that multi-billion-dollar natural gas, coal-fired, or nuclear plants did in the last century.

Why Your Gas Stove Has to Go: Bruce Nilles on Achieving An All-Electric Future to Protect Health And The Climate

Energy Innovation

Every day, millions of people turn on their gas stoves without considering the deadly pollution they’re breathing in by burning fossil fuels inside their home – with serious consequences for their health. Gas appliances aren’t just a silent health risk, they also produce 700 million metric tons of greenhouse gas emissions each year – one-tenth of total U.S. homes and businesses burn fossil fuels, and we add 500,000 new gas-burning buildings every year.

Massachusetts AG Petitions DPU to Investigate Gas Industry Future in Light of Commonwealth’s GHG Emissions Goals

Energy and Cleantech Council

On June 4, 2020, the Massachusetts Office of the Attorney General (AGO) filed a petition with the Department of Public Utilities (DPU) requesting that the DPU open an investigation “to assess the future of local gas distribution company (LDC) operations and planning in light of the Commonwealth’s legally binding statewide limit of net-zero greenhouse gas (GHG) emissions by 2050.”

Gas Is Good But Not Good Enough Says European Investment Bank

GreenTechMedia

The European Investment Bank (EIB) will stop backing fossil fuel energy projects in 2021, except those using carbon capture and storage (CCS) technology or offsets to cancel out their emissions. The focus of the bank’s energy investment will turn from (unabated) fossil fuels to energy efficiency, storage, grid improvements and e-mobility among others. It's targeting €1 trillion of climate action and sustainability investments between 2021 and 2030.

Pipeline Companies Slash Investments By Half Amid Oil Collapse

R-Squared Energy

These companies have upstream (oil- and gas-producing) assets as well as refining assets, so they are getting hit on both ends. Midstream refers to the transport and storage of oil, natural gas, and finished products like gasoline.

A zero flaring policy is long overdue, and investors can help make it reality

EDF + Business

energy sector during this time of volatility, natural gas flaring is one of the most important and immediate risks to manage. The eyesore of the oilfield, flaring natural gas destroys shareholder value and creates environmental, social and governance risk

BP, Shell and investment giants call for Texas zero flaring regulations. Will others follow?

EDF + Business

The first time I saw a natural gas flare in the oilfield was in 2015. A company representative explained that natural gas, or methane, was being burned on the spot rather than sent on for productive use in the economy.

The future of energy in the US could hinge on permitting reform and greater investment in R&D

Renewable Energy World

In order to get offshore wind [energy] onshore, we are going to need to make transmission investments and that’s very difficult to do,” said Good. For that, we need about $10 billion invested in research and development and deployment so we can start deploying them by 2030 at scale,” he said.

Taking stock of Chase, HSBC, and Morgan Stanley’s recent climate commitments

AGreenLiving

Building on previous commitments that increase green investments or restrict financing to certain high-emitting activities, recent pledges add to growing evidence that banks are taking a more holistic approach to the climate emergency. Looking across their investments in different sectors and regions, more banks are considering how to reduce the carbon intensity of entire portfolios over time. Business Eco Green analysis chase climate environmental mountain natural-gas pcaf

Macquarie eyes coal exit by 2024 as bank ramps up green investment plans

Business Green

Macquarie, Asian Development Bank, and Church of Scotland all strengthen their restrictions on fossil fuel investments. However, Macquarie still plans to continue to fund oil and gas developments. "We

The Texas Polar Vortex Resurrects the Question of Fuel Diversity for the Decarbonized Grid

GreenTechMedia

natural gas supply network was stressed by record demand and prices. Energy Information Administration, for the 9-day stretch from February 9 through yesterday February 17, natural gas provided about 35 percent of the U.S.

US Coal Power Generation Plummets 30% in 2020, EIA Says

GreenTechMedia

coal power generation plunged by 30 percent in the first half of 2020 off an already-depressed base, shoved out by natural gas and renewables amid low energy prices linked to the COVID-19 pandemic, according to new figures from the Energy Information Administration.

Industrial decarbonization picks up steam

GreenBiz

It’s also a significant contributor to the climate crisis: Industrial processes — from the creation of raw materials to chemicals — are responsible for more emissions than any other sector, making up a third of greenhouse gas emissions globally. Industrial decarbonization picks up steam.

Developer NTE Energy has a 5-GW pipeline of solar and storage projects

Renewable Energy World

The company is currently working with investment partners to advance development of a clean energy project pipeline that includes 1.2 Using highly efficient natural gas generation to complement intermittent renewable energy provides our customers with firm, low-cost energy,” Remen said. “By

PG&E Gets on Board with All-Electric New Buildings in California

GreenTechMedia

Thursday’s letter from PG&E vice president Robert Kenney to the California Energy Commission is a notable concession by the state’s largest utility to the constraints its natural gas operations will face under California’s push to attain zero-carbon emissions by 2045.

IEA: Why a 'moderate upswing' in clean energy investment in 2021 is still not enough for net zero

Business Green

Global energy investment is set to rebound in 2021 after last year's pandemic-induced drop, but current levels of financing fall far short of levels required to stabilise global temperature rise at safe levels by mid-century.

Dominion CEO to Step Down as Utility Marks Massive Loss from Pipeline Cancellation

GreenTechMedia

Dominion Energy is replacing its CEO as part of an executive shakeup accompanying the Virginia utility’s major shift away from natural gas and toward a renewable energy future, and its hefty financial penalty for its cancellation of the Atlantic Coast Pipeline project.

San Antonio's City-Owned Energy Utility Is Paying a Quarter Million Dollars a Year to Gas Industry Groups

DeSmogBlog

But the key player in implementing the Alamo City’s energy transition — the local energy utility CPS Energy — remains committed to carbon-based fuels like coal and natural gas, even while it begins to invest more in renewable alternatives.