Tag #Renewable Energy

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elpais.com

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Dec 21, 07:07

Spain's Electricity Demand Rises in 2024

Spain's electricity demand increased by 1.4% in 2024, reversing pandemic-era declines, driven by lower energy prices, economic recovery, and household electrification, although consumption remains below pre-pandemic levels. The impact of widespread solar panel installation remains unclear.

Spain's Electricity Demand Rises in 2024

Spain's electricity demand increased by 1.4% in 2024, reversing pandemic-era declines, driven by lower energy prices, economic recovery, and household electrification, although consumption remains below pre-pandemic levels. The impact of widespread solar panel installation remains unclear.

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What is the primary driver of the increase in Spain's electricity demand in 2024, and what are the immediate consequences?

Spain's electricity demand is rising in 2024 for the first time since the pandemic, increasing by 1.4% (or 1.6% according to REE). This contrasts with a 1.9% decrease in 2023 and 3.5% in 2022. The increase is attributed to lower energy prices stimulating consumption, particularly in the industrial sector.

forbes.com

🌐 90% Global Worthiness

Dec 20, 10:10

Shell Accelerates Energy Transition with AI

Shell is leveraging AI to dramatically speed up scientific simulations, improve operational safety and efficiency, and accelerate the development of cleaner energy solutions, including carbon capture, biofuels, and optimized power grids.

Shell Accelerates Energy Transition with AI

Shell is leveraging AI to dramatically speed up scientific simulations, improve operational safety and efficiency, and accelerate the development of cleaner energy solutions, including carbon capture, biofuels, and optimized power grids.

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How is Shell using AI to accelerate the energy transition and reduce carbon emissions?

Shell, a major energy company, has significantly accelerated scientific simulations using AI, achieving speeds up to one million times faster than traditional methods. This allows for quicker evaluation of carbon capture and storage projects, crucial for net-zero goals. AI-powered systems also monitor equipment, detect emissions, and improve worker safety.

dw.com

🌐 85% Global Worthiness

Dec 20, 10:10

German Energy Crisis: Price Spike Exposes Renewable Energy Vulnerabilities

Germany experienced a sharp increase in electricity prices on December 12th, reaching €936 per MWh due to low renewable energy production and increased morning demand, highlighting the vulnerabilities of a system heavily reliant on intermittent sources and exposing tensions within the interconnected...

German Energy Crisis: Price Spike Exposes Renewable Energy Vulnerabilities

Germany experienced a sharp increase in electricity prices on December 12th, reaching €936 per MWh due to low renewable energy production and increased morning demand, highlighting the vulnerabilities of a system heavily reliant on intermittent sources and exposing tensions within the interconnected...

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How does the imbalance between renewable energy supply and demand affect electricity prices in Germany, and what are the broader implications for European energy security?

The price volatility stems from the mismatch between renewable energy supply and demand. On December 12th, the price of electricity surged from €107 to €936 per MWh in Germany due to increased morning energy consumption, illustrating this imbalance. This highlights the interconnectedness of the European energy market, where countries share resources but also experience national consequences.

cnbc.com

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Dec 20, 01:09

Bernstein bullish on EDP Renováveis and SSE in 2025

Bernstein, an investment bank, forecasts significant upside potential for EDP Renováveis (48%) and SSE (8%) in 2025, citing their robust balance sheets, strategic investments in renewable energy projects, and positive regulatory environments in their respective markets as key drivers.

Bernstein bullish on EDP Renováveis and SSE in 2025

Bernstein, an investment bank, forecasts significant upside potential for EDP Renováveis (48%) and SSE (8%) in 2025, citing their robust balance sheets, strategic investments in renewable energy projects, and positive regulatory environments in their respective markets as key drivers.

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What are the key factors driving Bernstein's positive outlook for EDP Renováveis and SSE in the European clean energy sector for 2025?

Bernstein, an investment bank, identifies EDP Renováveis and SSE as top stock picks in the European utilities and clean energy sector for 2025. They see potential upside in these companies due to their capital expenditure in electricity networks and renewable energy projects. The analysts believe that the market has overreacted to U.S. energy policy risks, presenting a buying opportunity.

taz.de

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Dec 19, 01:10

Record Coal Consumption in 2024, but IEA Predicts Stagnation from 2027

Global coal consumption hit a record 8.77 billion tons in 2024, a 1% rise from 2023, with China accounting for 30% more than the rest of the world; however, the IEA predicts stagnation from 2027 due to increased renewable energy in China.

Record Coal Consumption in 2024, but IEA Predicts Stagnation from 2027

Global coal consumption hit a record 8.77 billion tons in 2024, a 1% rise from 2023, with China accounting for 30% more than the rest of the world; however, the IEA predicts stagnation from 2027 due to increased renewable energy in China.

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What were the key factors contributing to the record-high global coal consumption in 2024, and what are the immediate implications for climate change?

In 2024, global coal consumption reached a record high of 8.77 billion tons, a 1% increase from 2023. China, the largest consumer, accounted for 4.9 billion tons, also a 1% increase, and consumed 30% more than the rest of the world combined. This surge is attributed to increased electric vehicle sales and industrial electrification in China.

africa.chinadaily.com.cn

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Dec 19, 07:06

China's Energy Self-Sufficiency Surges Past 80 Percent Amidst Renewable Energy Boom

China's energy self-sufficiency rate topped 80 percent in 2024 due to increased oil and gas production; renewable energy capacity will surge by over 300 GW this year, exceeding 85 percent of new installations, as the country plans a unified power market by 2025.

China's Energy Self-Sufficiency Surges Past 80 Percent Amidst Renewable Energy Boom

China's energy self-sufficiency rate topped 80 percent in 2024 due to increased oil and gas production; renewable energy capacity will surge by over 300 GW this year, exceeding 85 percent of new installations, as the country plans a unified power market by 2025.

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How are China's investments in large-scale renewable energy projects, such as those in the Gobi Desert, contributing to its energy transition?

China's renewable energy expansion is a key driver of this energy security. Over 85 percent of the 300+ gigawatts of new energy capacity added in 2024 comes from renewables, highlighting a significant shift towards green and low-carbon energy sources. This is further supported by the rapid growth of wind and solar power, with utilization rates exceeding 95 percent.

cincodias.elpais.com

🌐 75% Global Worthiness

Dec 21, 07:07

Spain Launches Capacity Mechanism to Address Electricity Shortfall

Spain launched a public consultation for a new capacity mechanism to pay power plants for grid reliability, addressing a projected shortfall exceeding EU standards (6.26 hours in 2025, decreasing to 2.34 hours in 2030) and modeled after similar EU programs. The plan, pre-notified to the EU Commissio...

Spain Launches Capacity Mechanism to Address Electricity Shortfall

Spain launched a public consultation for a new capacity mechanism to pay power plants for grid reliability, addressing a projected shortfall exceeding EU standards (6.26 hours in 2025, decreasing to 2.34 hours in 2030) and modeled after similar EU programs. The plan, pre-notified to the EU Commissio...

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What is the immediate impact of Spain's new capacity mechanism for electricity?

On Wednesday, Spain's Ministry for Ecological Transition launched a public consultation for a new capacity mechanism to pay power plants for grid reliability. This follows pre-notification to the European Commission, who previously approved the plan, and aims to address Spain's electricity supply shortfall. The mechanism will use a competitive bidding system, and, once approved as state aid, will help ensure energy security.

elmundo.es

🌐 85% Global Worthiness

Dec 20, 04:10

Amazon's €15.75 Billion Aragón Data Center Project

Amazon Web Services will invest €15.75 billion in five new data centers in Aragón, Spain, starting land purchases in late 2025 and aiming for operational status by Q2 2027, with projected completion by 2034.

Amazon's €15.75 Billion Aragón Data Center Project

Amazon Web Services will invest €15.75 billion in five new data centers in Aragón, Spain, starting land purchases in late 2025 and aiming for operational status by Q2 2027, with projected completion by 2034.

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Decent Work and Economic Growth

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What is the immediate economic impact of Amazon's data center project on Aragón?

Amazon Web Services plans a €15.75 billion investment in Aragón, Spain, over the next decade, constructing five new data centers. This will involve purchasing 400 hectares of land and building extensive infrastructure, including fiber optic networks, and water recycling systems. Initial land purchases are slated for the second half of 2025.

dw.com

🌐 85% Global Worthiness

Dec 20, 16:12

EVs: Bidirectional Charging for Grid Stability and Cost Savings

Electric vehicles with bidirectional charging capabilities (V2G) can store excess renewable energy and supply power to homes (V2H), stabilizing grids and potentially saving households €31-780 annually; a study estimates €22 billion annual EU savings from grid support.

EVs: Bidirectional Charging for Grid Stability and Cost Savings

Electric vehicles with bidirectional charging capabilities (V2G) can store excess renewable energy and supply power to homes (V2H), stabilizing grids and potentially saving households €31-780 annually; a study estimates €22 billion annual EU savings from grid support.

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How can the bidirectional charging capability of electric vehicles contribute to a more sustainable and cost-effective energy system?

Electric vehicle (EV) batteries, ranging from 40 kWh (Renault R5) to 77 kWh (VW ID.4), can power homes and feed electricity back into grids via bidirectional chargers. This V2G (Vehicle-to-Grid) technology uses excess solar power stored in EV batteries during the day to supply homes at night, potentially saving households money and reducing reliance on additional home battery storage.

npr.org

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Dec 19, 13:11

US Raises Greenhouse Gas Reduction Target to 61-66% by 2035

The Biden administration announced a more ambitious goal of reducing U.S. greenhouse gas emissions by 61-66% by 2035, compared to the previous 50-52% target by 2030, aiming to curb global warming and create economic opportunities while facing potential reversals under a different administration.

US Raises Greenhouse Gas Reduction Target to 61-66% by 2035

The Biden administration announced a more ambitious goal of reducing U.S. greenhouse gas emissions by 61-66% by 2035, compared to the previous 50-52% target by 2030, aiming to curb global warming and create economic opportunities while facing potential reversals under a different administration.

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How do the Inflation Reduction Act and existing renewable energy projects influence the achievability of the new 2035 target?

The increased emission reduction target reflects a broader shift towards renewable energy, driven by both policy initiatives and private sector investments. The Inflation Reduction Act and continued operation of existing renewable energy projects contribute to this trend, indicating a growing momentum towards decarbonization. This momentum may create economic opportunities and reduce reliance on fossil fuels.

usa.chinadaily.com.cn

🌐 85% Global Worthiness

Dec 19, 04:09

China's Energy Self-Sufficiency Surpasses 80%

China's energy self-sufficiency rate exceeded 80 percent in 2024 due to increased oil and gas production and a massive renewable energy expansion exceeding 300 GW this year, primarily from solar and wind power, positioning it for global clean energy leadership by 2026.

China's Energy Self-Sufficiency Surpasses 80%

China's energy self-sufficiency rate exceeded 80 percent in 2024 due to increased oil and gas production and a massive renewable energy expansion exceeding 300 GW this year, primarily from solar and wind power, positioning it for global clean energy leadership by 2026.

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How is China's approach to modernizing its coal power sector and expanding renewable energy impacting its overall energy strategy?

China's substantial investments in renewable energy, particularly solar and wind power, are transforming its energy landscape. The development of large-scale wind and solar bases in arid regions, along with the modernization of its coal power sector, demonstrates a multifaceted approach to energy independence. The establishment of a national unified power market by 2025 aims to further optimize energy distribution and integration of renewables.

cnn.com

🌐 85% Global Worthiness

Dec 19, 13:11

Ethiopia-Kenya Electricity Highway Boosts Regional Power Sharing

The $1.2 billion Ethiopia-Kenya Electricity Highway, officially opened last year, enables the two countries to share electricity across 650 miles of transmission lines, improving energy reliability and addressing rising demand fueled by renewable energy sources; this is part of a broader trend in Af...

Ethiopia-Kenya Electricity Highway Boosts Regional Power Sharing

The $1.2 billion Ethiopia-Kenya Electricity Highway, officially opened last year, enables the two countries to share electricity across 650 miles of transmission lines, improving energy reliability and addressing rising demand fueled by renewable energy sources; this is part of a broader trend in Af...

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What is the immediate impact of the Ethiopia-Kenya Electricity Highway on energy security and reliability in East Africa?

The Ethiopia-Kenya Electricity Highway, operational since last year, transmits surplus electricity between the two countries, improving grid reliability and addressing fluctuating renewable energy production. This $1.2 billion project, spanning 650 miles, allows for automatic power flow, ensuring supply meets demand, and exemplifies a broader trend in Africa.

Showing 1,369 to 1,380 of 1,518 results