Got Propane? Adoption in Port & Maritime Accelerates
Ports are looking for affordable, reliable ways to decarbonize while still getting the performance they need. Propane can be part of that entire energy mix — from moving freight to material handling to producing dependable power. Jim Bunsey of the Propane Education Research Council (PERC) visits with Maritime Matters: The MarineLink Podcast, to share insights on how ports, terminals and even the workboat market [with a forthcoming…
Vattenfall abandons Vidar offshore wind projects
Vattenfall, the Swedish utility, will not proceed with the 'giant Vidar offshore wind farm,' one of two that the government approved this week because it would not be 'profitable,? CEO Anna Borg stated. Vidar, located off the coast of Sweden north of Gothenburg has the capacity to provide 7.8 terawatt-hours of electricity for southern Sweden. This is important because a lack in power has caused a major problem in industry. Borg stated that the current calculation does not add up.
Heat-related problems are exacerbated by the closure of a French gas plant
The high temperatures of the Mediterranean Sea impacted on cooling water availability, putting further pressure on a system that already faces reduced nuclear output. Early summer heatwaves have caused temperatures to rise to unheard of levels in Europe, causing wildfires and water shortages. The French utility EDF?issued an order to restrict production for the 930 megawatt Martigues power plant. This is the first time in this summer that the heat has forced a French gas-fired plant offline. The plant's last outage was in 2022.
Six countries oppose EU plan to reduce carbon allowances
A document obtained by revealed that an EU plan to reduce the number of?free CO2 permits?given to industry has been met with resistance from?six countries who have asked for looser rules in order to help companies cope with the impact on energy prices due to the Iran War. This month, the European Commission proposed a new set of rules on how many free emission permits will be given to industries until 2030. Brussels has said…
Macron: Thousands of companies involved in French electric plan
On Tuesday, French President Emmanuel Macron'said' that thousands of companies will be involved in the effort of the country to double the percentage of electricity produced domestically in its energy mix by 2030. Macron signed with major companies a national electrification agreement on Tuesday. The agreement details pledges of private investment, as part of an energy program unveiled in February. The French government announced that it would double its support for renewable energy…
China's Xi calls for faster development of new Energy System as Middle East War continues
Xi Jinping, the Chinese president, has called for a rapid planning and construction of a new energy infrastructure to ensure 'the?country’s energy security. This comes weeks after the Iran War that has triggered energy shocks around world. According to CCTV, the leader of the second largest economy in the world also stressed hydropower development, ecological protection and urged the safe and orderly growth of nuclear energy.
Investors predict that the war in Iran will increase Chinese demand for renewable energy
Investors rush into Chinese renewable stocks betting that the oil shock caused by the Iran War will increase?global green energy demand, a sector China dominates. This 'portfolio' trend in Asia is a result of growing concerns about energy security in Asia and a growing distrust for Washington. It contrasts with the United States, which has shifted back to oil and gas. Aaron Costello, Cambridge Associates' head of Asia, said at a conference in Hong Kong that countries should now focus on energy security.
Investors predict that the war in Iran will increase Chinese demand for renewable energy
Investors rush into Chinese renewable stocks, betting that the oil shock caused by the Iran War will boost global demand for the green energy sector, which China dominates. This portfolio?trend, spurred by?heightened concerns about energy security?and 'growing distrust of the U.S.'s reliability contrasts with the United States returning to oil and gas. "As you step back and the dust settles, or the price of crude oil begins to drop,...
Document shows that eight countries have warned the EU against a weakening of carbon markets
Spain, the Netherlands, and six other countries have urged the European Union to not dismantle the emissions trading system of the bloc, which is its primary climate change policy. This comes as Brussels searches for ways to reduce energy prices. Energy?prices are surging due to disruptions in Middle Eastern oil and natural gas supplies. Brussels faces calls from governments, including Italy, to suspend the ETS. The ETS requires power plants to purchase permits to cover CO2 emissions.
Seven countries warn EU against changing the energy market design
Seven EU member states, including the Netherlands, Sweden and Belgium, warned the executive of the bloc 'on Thursday' against interfering in the system that determines Europe's energy price. Officials at Brussels are scrambling to reduce bills. This year, energy prices are a major political issue in Europe. Industries have warned that they can't compete with the lower-cost companies from China and the United States. The European…
REE, the Spanish power grid operator, defends its planning in advance of a blackout
REE, the Spanish grid operator, defended its plans for a widespread blackout that occurred last year on Tuesday and called the testimony of energy executives before a Senate committee hearing "mere speculations". On April 28, last year, Europe's biggest blackout in over two decades paralyzed cities and left people stuck on trains throughout Portugal and Spain. REE, owned by Redeia?correctly? operated the system, in strict compliance?with existing?regulations?, the grid operator stated in a Tuesday press release.
India looks at increasing gas usage during peak hours in order to guarantee power supply
India's top power official revealed on Friday that the country is looking at whether its under-used, gas-fired plants can be used during evening peak hours to provide flexibility in generation as renewable energy grows rapidly. Gas-fired power generation is usually only maximized during the summer peak months, because it's relatively expensive. It is still aiming to maintain its approximately 20?gigawatts gas-based capacity in order to balance the grid.
France plans to increase decarbonised electricity production by 20% in a decade and encourage demand
The French government will aim to increase electricity production by nuclear and renewables in the next decade. They are also planning to publish an electrification strategy to encourage the shift away from fossil fuels. Lescure, in response to questions regarding the newly-published energy planning law (PPE), said that he would be meeting with leaders of the industry to discuss the inclusion of electrification subsidies and support measures for electric cars into the budget for 2027.
Spanish grid blackout risks remain, Endesa CEO says
The widespread 'blackout' that affected Spain and Portugal last year could be repeated under similar circumstances, according to the CEO of Endesa, who blamed the Spanish grid operator REE, for the outage. On April 28, last year, Europe's biggest blackout in over two decades paralyzed cities and left passengers stranded aboard trains throughout Portugal and Spain. After the outage, grid operators increased the use of stable power generation, such as?gas plants. This helps better control voltage, but increases costs.
Electricity Needs for AI, Data Centers May Turn LNG Glut into Gap by 2030
Growing electricity demand from AI and data centres, together with rising fuel use in Asia and European gas needs could turn an expected global liquefied natural gas supply glut into a shortage by 2030, Qatar Energy CEO Saad al-Kaabi said on Monday.LNG coming online between 2026 and 2029 has raised concerns of a supply glut that could depress prices, with projects like Golden Pass LNG on the U.S. Gulf Coast and Qatar's North…
Three companies compete for Indian gas company GAIL's tender of US LNG project
Sandeep Kumar Gupta, Chairman of GAIL India, said that three companies were competing to acquire up to 26% in a "liquefied gas project" in the United States. GAIL published a tender last year to purchase up to 26% of an LNG project in America, in conjunction with a 15-year deal for gas imports. India's largest distributor of gas invited companies to submit initial bids as it looks to purchase equity in a?existing LNG project or a brand new project, which would be completed by 2030.
India's demand for LNG is set to increase across industries, if prices are cooperative
Executives from the country's largest importers have said that India's appetite is likely to increase in the next few years, due to the demand for liquefied gas across fertiliser, city-gas, refining, and power sectors. They added that a lower price would be necessary to increase consumption. India is currently the fourth largest buyer of LNG in the world. It aims to increase the gas share to 15% of its energy mix by 2030, up from the current 6.2%.
Japan will provide $1.3 billion of investment subsidies to clean-energy users
A government official announced late on Monday that Japan will provide 210 billion Japanese yen (1,34 billion dollars) to companies using clean energy to fund their investments. The goal is to increase demand for renewable energies and stimulate?growth throughout the region. The subsidies will help to reduce the country's reliance on fossil fuels and reach its clean energy goals. Juntaro Shimizu, Director of the Green Transformation Policy Group (GX) at the Ministry of Economy…
Orsted and ESB won 900 MW of offshore wind tenders in Ireland
Orsted announced on Wednesday that Ireland had awarded the rights to build a 900 Megawatt (MW), offshore wind farm, to a joint-venture between Denmark's Orsted utility and Irish utility ESB. The Tonn Nua project was awarded with a 20-year contract-for-difference (CfD) secured at a strike price of 98.72 euros ($114.32) per megawatt hour. Developers are guaranteed a fixed electricity price. Any savings or costs resulting from wholesale price fluctuations will be passed on to consumers.
Energy Transition' Future: Fractured, Bumpy and Long
As COP30 kicks off its second week in Brazil, much has changed since the landmark Paris climate agreement was penned 10 years ago.The spirit of cooperation that once reigned has been shattered by economic rivalries and a stark divergence in climate policies among the world’s biggest polluters.The landmark UN COP21 climate agreement signed in Paris on December 12, 2015 saw 195 nations commit to setting binding targets to reduce…