Tag #Energy Transition

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theglobeandmail.com

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Dec 9, 22:09

BP and JERA Form Joint Venture, Creating a Top-Five Global Offshore Wind Operator

BP and JERA created JERA Nex bp, a 50-50 offshore wind joint venture with a potential 13 GW capacity and $5.8 billion funding, reflecting a broader industry trend toward prioritizing profitable oil and gas investments amid rising renewable energy costs.

BP and JERA Form Joint Venture, Creating a Top-Five Global Offshore Wind Operator

BP and JERA created JERA Nex bp, a 50-50 offshore wind joint venture with a potential 13 GW capacity and $5.8 billion funding, reflecting a broader industry trend toward prioritizing profitable oil and gas investments amid rising renewable energy costs.

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How does BP's strategic shift reflect broader trends within the energy industry?

The venture reflects a broader industry trend; rivals Shell and Equinor prioritize higher-return oil and gas investments due to rising costs and inflation in renewables. BP's decision aligns with Auchincloss's focus on profitability and follows previous pauses and potential divestments in renewable energy. The JV combines BP's 9.7 GW development pipeline with JERA's existing assets and secured leases.

nos.nl

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Dec 9, 22:09

Netherlands Halts Groningen Gas Extraction, Faces Transition Challenges

The Netherlands halts gas extraction from the Groningen field for safety reasons after a ban, yet still needs 30 billion cubic meters annually, prompting gas imports and continued extraction from smaller fields, raising concerns and necessitating a transition to alternative heating solutions within ...

Netherlands Halts Groningen Gas Extraction, Faces Transition Challenges

The Netherlands halts gas extraction from the Groningen field for safety reasons after a ban, yet still needs 30 billion cubic meters annually, prompting gas imports and continued extraction from smaller fields, raising concerns and necessitating a transition to alternative heating solutions within ...

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What are the immediate consequences of halting gas extraction from the Groningen field, and how is the Netherlands meeting its gas demand?

For the first time since December 9, 1963, no gas is flowing from the Groningen field, the largest Dutch gas field. Despite this, Dutch households and industries still require approximately 30 billion cubic meters of gas annually. The government recently extended gas production from smaller Groningen fields for eight more years.

faz.net

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Dec 6, 01:08

Shell Halts New Renewable Energy Projects, Expands Oil and Gas Production

Shell announced it will cease new renewable energy development projects, focusing instead on maximizing existing assets, while significantly expanding its oil and gas production in the North Sea with Equinor. This follows a downturn in the renewable energy sector marked by cost increases, reduced ex...

Shell Halts New Renewable Energy Projects, Expands Oil and Gas Production

Shell announced it will cease new renewable energy development projects, focusing instead on maximizing existing assets, while significantly expanding its oil and gas production in the North Sea with Equinor. This follows a downturn in the renewable energy sector marked by cost increases, reduced ex...

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What is Shell's revised strategy regarding renewable energy investments, and what are the immediate implications for the company and the sector?

"Shell will maintain its existing offshore wind farms in the Netherlands and continue ongoing projects in Europe, the US, and the UK, but will not pursue new development projects. This decision follows the CEO's October statement acknowledging Shell's withdrawal from certain renewable energy sectors due to a lack of profitable opportunities. The company will instead focus on maximizing the value of its existing renewable energy platforms.", A2="The shift in Shell's strategy reflects broader challenges in the renewable energy sector, exemplified by Ørsted's 70% stock price decline since 2021 due to increased material and construction costs. This downturn has prompted Ørsted to reduce its 2030 expansion goals, creating opportunities for competitors like Equinor, which has acquired a 10% stake. Political uncertainty, such as potential US subsidy cuts under a Trump administration, further exacerbates these challenges.", A3="The combined impact of reduced profitability in renewable energy, coupled with political headwinds and the potential for delays in projects such as RWE's US offshore wind farm, signals a potential long-term shift away from renewable energy investments for some major players. Shell's increased focus on oil and gas production through its joint venture with Equinor in the North Sea highlights this trend, indicating a potential re-evaluation of the energy transition's timeline and profitability.", Q1="What is Shell's revised strategy regarding renewable energy investments, and what are the immediate implications for the company and the sector?", Q2="How do rising costs and political uncertainties, particularly in the US, contribute to the current challenges faced by renewable energy companies?", Q3="What are the potential long-term consequences of this shift in strategic focus by major energy companies, and what alternative scenarios might emerge in the future?", ShortDescription="Shell announced it will cease new renewable energy development projects, focusing instead on maximizing existing assets, while significantly expanding its oil and gas production in the North Sea with Equinor. This follows a downturn in the renewable energy sector marked by cost increases, reduced expansion goals (Ørsted), and political uncertainty (potential US subsidy cuts).", ShortTitle="Shell Halts New Renewable Energy Projects, Expands Oil and Gas Production")) 摘要:Shell 终止新的可再生能源项目,扩大石油和天然气产量"))

nos.nl

🌐 85% Global Worthiness

Dec 6, 01:08

"Delayed Green Investments Threaten Dutch Industrial Sustainability"

"Delays in power cable and hydrogen pipeline construction, coupled with slow permit processes, are significantly slowing down the green transition of Dutch industries, threatening to undermine climate goals and potentially leading to production shifts abroad."

"Delayed Green Investments Threaten Dutch Industrial Sustainability"

"Delays in power cable and hydrogen pipeline construction, coupled with slow permit processes, are significantly slowing down the green transition of Dutch industries, threatening to undermine climate goals and potentially leading to production shifts abroad."

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"What are the main obstacles hindering the green transition of the Dutch industry, and what are the immediate consequences of these delays?"

"Delays in green investments by Dutch factories are hindering industrial sustainability, with companies facing significant delays in crucial infrastructure projects such as power cables and hydrogen pipelines necessary for their green transition. This is according to a new report by the Netherlands Environmental Assessment Agency (PBL), which reveals that even if all current industrial plans were fully realized, they would still be insufficient to meet climate goals."

lefigaro.fr

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Dec 6, 16:09

"ACC Launches First French-Made EV Batteries, Aims for European Leadership"

"Automotive Cells Company (ACC) started selling France's first domestically produced electric vehicle batteries, aiming for a 20% EU market share by 2030 despite initial production challenges and high European costs, driven by the EU's 2035 ban on new combustion engine vehicles."

"ACC Launches First French-Made EV Batteries, Aims for European Leadership"

"Automotive Cells Company (ACC) started selling France's first domestically produced electric vehicle batteries, aiming for a 20% EU market share by 2030 despite initial production challenges and high European costs, driven by the EU's 2035 ban on new combustion engine vehicles."

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Industry, Innovation, and Infrastructure

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"What are the main challenges facing ACC, and how are they attempting to address them?"

"ACC's launch addresses the EU's 2035 ban on new thermal vehicles, necessitating a domestic battery industry to compete with Asian manufacturers. The Billy-Berclau factory, currently employing 800, represents a significant step towards this goal, with plans for further expansion despite a recent pause in construction of additional facilities. This pause reflects the challenges of rapidly evolving technology and high European production costs.",

news.sky.com

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Dec 5, 16:09

UK EV Sales Exceed Targets Amid Manufacturer Lobbying

UK electric vehicle sales surged to 25% in November, exceeding the 22% target, despite manufacturers lobbying for relaxed rules due to perceived struggles; however, data reveals that some manufacturers significantly outperform others.

UK EV Sales Exceed Targets Amid Manufacturer Lobbying

UK electric vehicle sales surged to 25% in November, exceeding the 22% target, despite manufacturers lobbying for relaxed rules due to perceived struggles; however, data reveals that some manufacturers significantly outperform others.

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How do the flexibilities within the ZEV mandate, such as carbon credit trading, affect the stated need for government intervention to boost EV sales?

While manufacturers highlight November as an anomaly, data reveals consistent growth since 2017. The success of some brands like BMW-Mini, Jaguar, and Vauxhall exceeding 30% EV sales counters claims of industry-wide struggles. This shows the market is not homogenous, and some manufacturers are successfully transitioning.

nos.nl

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Dec 9, 22:09

Netherlands Halts Groningen Gas Extraction, but Faces Long-Term Energy Transition

Gas extraction from the Groningen field, the Netherlands' largest gas field, has stopped for the first time since December 9, 1963, due to safety concerns; however, the country will continue using natural gas until 2050, sourcing it from smaller domestic fields and international sources to meet the ...

Netherlands Halts Groningen Gas Extraction, but Faces Long-Term Energy Transition

Gas extraction from the Groningen field, the Netherlands' largest gas field, has stopped for the first time since December 9, 1963, due to safety concerns; however, the country will continue using natural gas until 2050, sourcing it from smaller domestic fields and international sources to meet the ...

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What are the immediate consequences of halting gas extraction from the Groningen field, and how is the Netherlands meeting its gas demand?

For the first time since December 9, 1963, no gas is flowing from the Groningen field, the largest Dutch gas field. However, Dutch households and industries still require approximately 30 billion cubic meters of gas annually. The government recently decided to continue gas production from a smaller Groningen field for another eight years.

es.euronews.com

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Dec 7, 16:08

Airlines Lag in Sustainable Aviation Fuel Transition

A new ranking reveals that only 10 of 77 airlines are making significant progress in transitioning to sustainable aviation fuels (SAFs), with the majority using unsustainable biofuels or not using SAF at all; oil companies' minimal investment in sustainable SAF production is also hindering the trans...

Airlines Lag in Sustainable Aviation Fuel Transition

A new ranking reveals that only 10 of 77 airlines are making significant progress in transitioning to sustainable aviation fuels (SAFs), with the majority using unsustainable biofuels or not using SAF at all; oil companies' minimal investment in sustainable SAF production is also hindering the trans...

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What is the primary reason for the slow adoption of sustainable aviation fuels (SAFs) by the majority of airlines?

Only 10 of 77 airlines are making notable efforts to transition from fossil kerosene to sustainable aviation fuels (SAFs), while 87% are failing to do so, according to a new Transport & Environment (T&E) ranking. The remaining 67 airlines are purchasing insufficient SAF, the wrong types, or not considering it in their decarbonization plans. This lack of progress significantly hinders the aviation industry's efforts to reduce its environmental impact.

nrc.nl

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Dec 6, 01:08

Dutch Industry's Reduced CO2 Reduction Plans Jeopardize 2030 Climate Goals

Dutch industry's 2030 CO2 reduction plans have been scaled back by 7 megatons due to several factors, including higher costs of green production, insufficient infrastructure, and slow permitting processes, jeopardizing the Netherlands' climate goals.

Dutch Industry's Reduced CO2 Reduction Plans Jeopardize 2030 Climate Goals

Dutch industry's 2030 CO2 reduction plans have been scaled back by 7 megatons due to several factors, including higher costs of green production, insufficient infrastructure, and slow permitting processes, jeopardizing the Netherlands' climate goals.

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What is the extent of the reduction in Dutch industry's CO2 emission reduction plans, and what are the immediate consequences?

Dutch industry's 2030 CO2 reduction plans have decreased by 7 megatons compared to two years ago, representing a 3 percentage point drop from the national target. This is due to fewer CO2 storage proposals and a shift towards synthetic fuels, which increase industrial emissions but contribute to decarbonizing transport sectors.

global.chinadaily.com.cn

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Dec 6, 07:09

China's Hydrogen Energy Boom: 45,000 Fuel-Cell Vehicles Projected by 2025

China's hydrogen energy sector is experiencing rapid growth, driven by government policies and decreasing renewable energy costs; by 2025, approximately 45,000 hydrogen fuel-cell vehicles are projected to be in operation, generating a market for hydrogen storage cylinders valued between $5.23 billio...

China's Hydrogen Energy Boom: 45,000 Fuel-Cell Vehicles Projected by 2025

China's hydrogen energy sector is experiencing rapid growth, driven by government policies and decreasing renewable energy costs; by 2025, approximately 45,000 hydrogen fuel-cell vehicles are projected to be in operation, generating a market for hydrogen storage cylinders valued between $5.23 billio...

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How are government policies contributing to the growth of China's hydrogen energy sector?

China's strategic investment in hydrogen energy aims to establish it as a global leader. The government's support, including over 20 national-level policies this year, facilitates technological advancements across the entire industry chain and expansion into diverse sectors beyond transportation. This comprehensive approach, coupled with decreasing renewable energy costs, positions China for significant growth in the hydrogen energy market.

cincodias.elpais.com

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Dec 5, 10:08

Spanish EV Chargers Form Association to Overcome Bureaucratic Hurdles

Six major Spanish ultra-rapid EV charging companies, including Tesla, formed a new association, AORU, to overcome bureaucratic obstacles hindering the deployment of charging stations, impacting Spain's EV infrastructure development and economic growth.

Spanish EV Chargers Form Association to Overcome Bureaucratic Hurdles

Six major Spanish ultra-rapid EV charging companies, including Tesla, formed a new association, AORU, to overcome bureaucratic obstacles hindering the deployment of charging stations, impacting Spain's EV infrastructure development and economic growth.

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What immediate impact will AORU have on the deployment of ultra-rapid EV charging stations in Spain?

Six major Spanish companies, including Tesla, have formed AORU to address bureaucratic hurdles in deploying high-power EV charging stations. The association aims to streamline licensing and authorization processes, facilitating economic growth and sustainable development. This initiative directly impacts Spain's EV infrastructure development.

taz.de

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Dec 5, 21:05

Germany Needs €650 Billion Power Grid Investment to Meet Climate Goals

A study by the IMK institute finds Germany needs to invest €650 billion in its power grid by 2045 to meet climate goals, double the current plan, due to increased electricity demand; rising costs, supply issues and permitting delays could further increase costs.

Germany Needs €650 Billion Power Grid Investment to Meet Climate Goals

A study by the IMK institute finds Germany needs to invest €650 billion in its power grid by 2045 to meet climate goals, double the current plan, due to increased electricity demand; rising costs, supply issues and permitting delays could further increase costs.

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What is the estimated cost and necessity of upgrading Germany's power grid to meet its 2045 climate targets?

A new study by the IMK institute reveals that Germany needs to invest €650 billion in its power grid by 2045 to achieve its climate goals, double the current plan. This is necessary to handle the increased electricity demand from transportation, industry, and buildings.

Showing 409 to 420 of 428 results