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Energy Transition
Hunting for Heat: Chevron Talks Geothermal
Chevron New Energies’ vice president of CCUS Chris Powers recently shared his thoughts on the company’s geothermal efforts and what it will take to scale the sector.
Duke Energy Inks Deals with Amazon, Google, Microsoft on Clean Energy Supply
Duke and the world's biggest technology companies proposed developing new electricity rate structures to drive the development of carbon-free technologies in MOUs signed in May.
Energy Capital Partners Raises $6.7B, Buys Atlantica
The New Jersey-headquartered Energy Capital Partners said its ECP V (Fund V) secured capital commitments of $4.4 billion plus an additional $2.3 billion of co-investment capital; the private equity firm also announced a $2.6 billion take-private of Atlantica Sustainable Infrastructure.
Basket of Energies: Transition Needs Diversified Carbon Capture Solutions
As the world strives to reach emissions goals, experts from Kent discuss the necessity of a diverse energy portfolio that includes both hydrocarbons and new forms of energy.
Challenges to Funding Rapid Deployment of Energy Transition Technology
Enormous capital investments are needed to meet these public policy and societal goals according to the International Energy Agency (IEA), global investment in clean energy technology needs to be $4.5 trillion by the early 2030s if the Paris Agreement’s 2050 net-zero target is going to be reached.
Energy Transition in Motion (Week of May 24, 2024)
Here is a look at some of this week’s renewable energy news, including a ‘breakthrough’ for enhanced geothermal systems.
Enbridge, EDF’s Fox Squirrel Solar Project Goes Online
Fox Squirrel, a solar project owned by Enbridge and developed by EDF Renewables North America, aims to help meet central Ohio’s increasing power demand, which could double by 2028.
Avangrid to Upgrade Eversource’s Massachusetts Electric Grid
Avangrid will convert Eversource’s 115 kv line into a 345 kv line that will run from the Bourne Substation to the West Barnstable Substation in Massachusetts.
Big Demand Means Big Challenges Ahead for Power Sector
Natural gas could help meet demand, but a new EPA rule requiring CO2 emissions from power plants to be reduced by 90% could limit fossil fuels’ role.
Texas' ERCOT Power Needs to Nearly Double Over Next Six Years
As coal plants retire in Texas, natural gas will carry more of the Lone Star State’s energy load, said Kristi Hobbs, ERCOT’s vice president for system planning and weatherization.