Results for: Energy Transition

OnLocation, a KeyLogic company, has released its Energy Outlook (OL EH) report, providing insights into the future of the U.S. energy system through 2050. This report, developed using an enhanced version of the National Energy Modeling System (OL-NEMS), explores the impacts of clean technology innovation and enabling policies that could lead to deeper decarbonization. It presents two scenarios: Reference and Advanced Technologies, highlighting the potential for significant emissions reductions by 2050. OL EH is a valuable resource for policymakers, industry stakeholders, and researchers seeking to understand and shape the evolving U.S. energy landscape.

EU countries have agreed to strengthen nuclear safeguards, increasing inspections and oversight of facilities and materials, despite environmental concerns. This move comes as the EU aims to boost nuclear power for its energy transition, with world leaders and the EU executive advocating for increased nuclear capacity by 2050. The new rules aim to ensure safety, accountability, and traceability in the nuclear sector while addressing concerns about the diversion of materials. However, some countries are pushing for thorough inspections to ensure neighboring states’ safety. The EU’s energy commissioner highlights the role of nuclear in achieving decarbonization goals, but environmental groups remain critical of the EIB’s continued investment in nuclear power projects.

Sigma Lithium, a global lithium producer, has joined a Trade and Investment Mission to China led by Vice President Kamala Harris. The company will participate in symposiums discussing the role of critical minerals in the energy transition and the challenges of financing sustainable development. Sigma Lithium’s participation is part of its efforts to promote a just energy transition and green industrialization in Brazil. The company’s sustainable lithium concentrate, Quintuple Zero Green Lithium, aligns with the ethos of electric vehicle consumers and has enabled Sigma Lithium to gain an influential role in the global lithium supply chain. The company’s investment in social capital expenditures has created approximately 21,000 jobs and its philanthropic foundation, Instituto Lito Verde, supports initiatives to improve the lives of people in the region where it operates.

More than a fifth of Shell shareholders voted against the company’s climate strategy at its annual general meeting, rejecting a resolution calling for alignment with Paris Agreement goals. The meeting was marked by interruptions from protesters condemning Shell’s environmental and human rights record. Despite a slight decrease from last year, nearly 19% of voters supported the climate resolution, reflecting investor concerns over Shell’s commitment to reducing emissions.

The Energy Innovation Summit is a three-day event showcasing cutting-edge advancements in clean energy and providing a roadmap for a more sustainable future. Attendees will hear from industry leaders, policymakers, and investors who are driving disruption and innovation in various sectors, including transportation, energy production, and sustainability-linked financing. The Summit offers a platform for networking, collaboration, and knowledge sharing, fostering new partnerships and driving progress towards a greener and more sustainable world.

Atlantic Global Risk LLC, a leading specialist insurance brokerage firm, announced today that it has placed the first-ever tax liability insurance policy supporting a landmark transaction in the carbon capture and sequestration (CCS) sector. This achievement underscores Atlantic’s commitment to providing innovative insurance products and supporting the energy transition.

As Europe races to meet its ambitious climate goals and rapidly deploy renewable energy, it is crucial to prioritize community engagement and equitable benefit sharing. Communities must be actively involved in the decision-making processes that affect their well-being and the environment around them. This means going beyond mere consultation and considering the diverse perspectives and concerns of local populations. Developers need to adopt transparent and inclusive approaches throughout the project lifecycle, from spatial planning to project design and implementation. By empowering communities through meaningful engagement and fair benefit-sharing mechanisms, we can overcome opposition and foster broad acceptance of renewable energy initiatives. This will not only accelerate the energy transition but also create social and economic benefits for communities and the environment.

Deloitte’s latest report outlines a roadmap for achieving net-zero emissions by 2050, emphasizing cross-industry collaboration in key sectors such as infrastructure, power grid, industrial manufacturing, mining and metals, and land, water, and waste. The report stresses the urgency of action and the need for coordinated efforts to ensure a successful and sustainable energy transition on a global scale.

Despite commitments to lower emissions, Europe’s top banks provided $24.2 billion to fossil fuel companies in 2023. The Banking on Climate Chaos report found that European banks contributed just over a quarter of the global fossil fuel financing last year, with Barclays, Santander, and Deutsche Bank among the biggest lenders. European banks appear to be particularly blind to the risks associated with the expansion of LNG, financing new facilities that will lock us into fossil gas for decades to come.

Panhandle Power Solutions (PPS), a subsidiary of Bristol Bay Native Corporation (BBNC), has been selected as the EPC for a new 202.2 MWh battery energy storage system for Whetstone Power, a developer of sustainable energy infrastructure.

The project will be located in and will help provide peak load-shaving capabilities to a local electric utility. It is expected to be completed by and will play an important role in enhancing grid resiliency and optimizing energy resources.

PPS has a strong track record in the renewable energy sector, having deployed over 1.5 GW of distributed generation and utility-scale clean energy projects across the United States.

The company’s commitment to providing full-spectrum specialty EPC services that support the energy transition for its commercial clients was a key factor in Whetstone Power’s decision to select PPS for this project.