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Wind power generation

Goldman doesn’t see nuclear as a transformational tech for the future

A nuclear power plant photographed in Germany, on August 4, 2022. Discussions about nuclear's role in Europe's biggest economy have been thrown into sharp relief following Russia's unprovoked invasion of Ukraine in February.Lennart Preiss | Getty Images News | Getty ImagesNuclear has a role to play in the years ahead but it should not be seen as a "transformational" technology, according to Goldman Sachs.The comments from Michele Della Vigna come after a recent report from Goldman Sachs Research looked at whether Europe…

Surging temperatures are good for solar panels, right? The answer is: It’s complicated

This image, from May 2022, shows solar panels in Worcestershire, England. The recent hot weather in the U.K. has led to a discussion about the optimum conditions for solar power.Mike Kemp | In Pictures | Getty ImagesLast week saw temperatures in the U.K. surge, with highs of over 40 degrees Celsius (104 degrees Fahrenheit) recorded for the first time ever.The news out of the U.K. — which experienced a number of significant weather-related disruptions — came as other parts of Europe grappled with a heatwave that caused…

Europe’s energy giants explore potential of floating solar

Floating solar panels in the Netherlands. A number of major energy firms are looking into the potential of combining floating solar with other energy sources.Mischa Keijser | Image Source | Getty ImagesGerman energy firm RWE is to invest in a pilot project centered around the deployment of floating solar technology in the North Sea, as part of a wider collaboration focused on the development of "floating solar parks."Set to be installed in waters off Ostend, Belgium, the pilot, called Merganser, will have a capacity of…

Norwegian oil giant Equinor to buy U.S.-based energy storage firm

Although it is involved in renewable energy projects, Equinor is a major producer of fossil fuels. The Norwegian state has a 67% holding in the company.Hakon Mosvold Larsen | Afp | Getty ImagesNorway's Equinor is to acquire U.S.-based battery storage developer East Point Energy after signing an agreement to take a 100% stake in the company.Equinor, a major producer of oil and gas, said Tuesday that Charlottesville-headquartered East Point Energy had a 4.1-gigawatt pipeline of "early to mid-stage battery storage projects…

Shell to build ‘Europe’s largest renewable hydrogen plant’

On Wednesday, Shell said the Holland Hydrogen I facility would be "Europe's largest renewable hydrogen plant" when operations start in 2025. Shell is one of several big firms looking to lay down a marker in the sector.Ina Fassbender | AFP | Getty ImagesPlans to build a major hydrogen plant in the Netherlands will go ahead following a final investment decision by subsidiaries of oil and gas giant Shell.In an announcement Wednesday, Shell said the Holland Hydrogen I facility would be "Europe's largest renewable hydrogen…

The race to make green hydrogen competitive is on

One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source then some call it "green" hydrogen.Alex Kraus | Bloomberg | Getty ImagesSiemens Energy and Air Liquide have announced plans to set up a joint venture focused on the production of "industrial scale renewable hydrogen electrolyzers in Europe."The move, announced on Thursday, represents the latest attempt to find a way to drive "renewable"…

Clean energy set for $1.4 trillion boost in 2022, IEA says

Coal and a wind turbine in Hohenhameln, Germany, on April 11, 2022. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons in recent months.Mia Bucher | Picture Alliance | Getty ImagesGlobal energy investment is on course to jump by more than 8% in 2022 and hit $2.4 trillion, with a notable uptick for coal supply chains, but far more money will be required if climate-related goals are to be met, according to the International Energy Agency.Published Wednesday, the latest version…

Huge offshore wind farm to use recyclable turbine blades

A wind turbine at the Ormonde Offshore Wind Farm, in the Irish Sea. With governments around the world attempting to ramp up their renewable energy capacity, the number of wind turbines worldwide only looks set to grow, which will in turn increase pressure on the sector to find sustainable solutions to the disposal of blades.Ashley Cooper | Corbis Documentary | Getty ImagesA major offshore wind farm being built in waters off the Netherlands is set to use recyclable blades from Siemens Gamesa Renewable Energy — the latest…

BP buys 40.5% stake in massive renewables and green hydrogen project

A BP logo photographed in London on May 12, 2021. The International Energy Agency recently reported that 2021 saw energy-related carbon dioxide emissions rise to their highest level in history.Glyn Kirk | Afp | Getty ImagesOil and gas supermajor BP has agreed to take a 40.5% equity stake in the Asian Renewable Energy Hub, a vast project planned for Australia set to span an area of 6,500 square kilometers.In an announcement Wednesday, BP said it would become the operator of the development, adding that it had "the…

UN chief slams new fossil fuel funding

In remarks delivered to the Austrian World Summit in Vienna via video, Antonio Guterres issued a sobering assessment of the planet's prospects. "Most national climate pledges are simply not good enough," he said.Michael M. Santiago | Getty Images News | Getty ImagesThe U.N. Secretary General has slammed new funding for fossil fuel exploration, describing it as "delusional" and calling for an abandonment of fossil fuel finance.In remarks delivered via video to the Austrian World Summit in Vienna, Antonio Guterres issued a…