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(OET) As the energy transition spreads its wing, new low-carbon and green sources of supply are springing up, however, Wood Mackenzie, an energy intelligence group, believes that these emerging sectors will not be able to usher in a net-zero by 2050 era without carbon capture, utilization and storage (CCUS). As a result, the company emphasizes the... Continue Reading →
(Reuters) - President Joe Biden will announce in Philadelphia on Friday the recipients of $7 billion in federal grants for the development of regional hydrogen hubs, advancing a key part of his administration's broader plan to decarbonize the U.S. economy. Seven proposed hubs spanning 16 states from Pennsylvania to California were selected in the program,... Continue Reading →
(Reuters) New York regulators on Thursday denied requests by developers of offshore wind projects and dozens of land-based renewable projects seeking billions of dollars in additional funding for existing contracts to sell power. The state denial could force developers to cancel some money-losing contracts and cancel or delay projects to sell power in New York... Continue Reading →
(OE) Between 2017-2022 renewables met 51% of new energy demand, while the remaining demand was supplied by fossil fuels, according to DNV’s Energy Transition Outlook. "Renewables are still just meeting increased demand rather than replacing fossil fuels, and in absolute terms, fossil fuel supply is still growing," DNV said. "Limiting global warming to 1.5°C warming is... Continue Reading →
The world’s largest offshore wind farm under construction, Dogger Bank, has started producing electricity for the first time for British homes and businesses. The 3.6 GW Dogger Bank Wind Farm is being constructed in UK waters some 130 kilometres off the coast of Yorkshire and in three 1.2 GW phases known as Dogger Bank A,... Continue Reading →
by Anne Haase, Renewables Director at Aquaterra Energy. (OW) Europe is currently driving plans forward to significantly decarbonize industry and accelerate its journey to a low carbon economy. Hydrogen is core to that decarbonization strategy, with infrastructure projects being developed conceptually to support transmission and distribution across Europe, the UK and wider. The market has traditionally... Continue Reading →
(Reuters) - Italy's Prysmian (PRY.MI) aims at to increase core profit by around a third by 2027 as the world's largest cable maker takes advantage of opportunities from the global push towards cleaner energy and the digital transformation. Prysmian was at the crossroads of long term market trends of increased renewable generation, growing electricity demand, expanding power... Continue Reading →
Founded on October 3, 1953, Petrobras developed alongside Brazil and became the largest company in the country, an icon for Brazilians. An international reference in the oil and gas sector, the company has achieved notable achievements and has become a company of global relevance. The boosting of the energy industry, the discovery of the pre-salt,... Continue Reading →
(OW) Rhode Island Energy, the largest utility in Rhode Island, will be issuing a new Request for Proposals (RFP) to solicit approximately 1,200 MW of offshore wind, Governor Dan McKee unveiled on 28 September. Rhode Island Energy is expected to issue its RFP this month, with proposals being due in early 2024 and a potential selection being made... Continue Reading →
Petrobras assumed the position of the largest developer of wind projects in the country, in another fundamental step towards the energy transition. An advance that is due to the partnership with WEG, signed this month, to develop the largest onshore wind turbine in Brazil, with a potential of 7 MW – enough to supply a... Continue Reading →
Brazil Energy Insight 