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Energy News Stories
Excerpts of Key Energy News Stories in Major Media


Below are highly revealing excerpts of important energy news stories reported in the media that suggest a major cover-up. Links are provided to the full stories on their major media websites. If any link fails to function, read this webpage. These energy news stories are listed by date posted to this webpage. You can explore the same articles listed by order of importance or by article date. By choosing to educate ourselves on these important issues and to spread the word, we can and will build a brighter future.


Note: This comprehensive list of energy news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


Scientists figure out how to store solar energy for 18 years
2022-04-13, The Independent (One of the UK's leading newspapers)
Posted: 2022-04-25 21:03:50
https://www.independent.co.uk/tech/solar-power-renewable-energy-climate-b2056...

Scientists have discovered a way to capture solar energy and store it for nearly two decades, before releasing it when it is needed. Using a system called molecular solar thermal energy storage (MOST), researchers at Chalmers University of Technology in Sweden and Shanghai Jiao Tong University in China developed an ultra-thin chip to act as a thermoelectric generator. "This is a radically new way of generating electricity from solar energy," said Kasper Moth-Poulsen, a professor at the Department of Chemistry and Chemical Engineering at Chalmers who led the research. "It means that we can use solar energy to produce electricity regardless of weather, time of day, season, or geographical location." The MOST system uses a specially designed molecule that reacts to sunlight in order to capture the Sun's energy. After loading it with solar energy in Sweden, Chalmers University sent it to their colleagues in Shanghai where they were able to convert it into electricity. "Essentially, Swedish sunshine was sent to the other side of the world and converted into electricity in China," said a statement released by Chalmers University. The researchers hope the technology can lead to self-charging electronics that use stored solar energy on demand, as well as holding the potential to transform renewable and emissions-free energy production. More research and development is required before the system can be implemented at scale, thought Chalmers University said it has already attracted "great interest worldwide."

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Big oil companies are using wartime profits to enrich investors, report says
2022-04-05, Washington Post
Posted: 2022-04-11 17:35:07
https://www.washingtonpost.com/politics/2022/04/05/big-oil-companies-are-usin...

The nation's biggest oil and gas companies have significantly increased stock buybacks and dividends since Russia invaded Ukraine in late February, raising questions about whether the firms are using wartime profits to enrich investors instead of curbing Americans' pain at the pump. The report released today by Friends of the Earth, Public Citizen and BailoutWatch turns up the heat on the fossil fuel industry ahead of two high-profile congressional hearings this week, when Democrats plan to scrutinize the industry's windfall profits amid rising crude prices sparked by the war in Ukraine. The three groups looked at Securities and Exchange Commission filings and public statements from the 20 largest U.S.-headquartered oil and gas companies. In January and February, seven companies' boards authorized their corporate treasuries to buy back and retire $24.35 billion in stock – a 15 percent increase over all of the buybacks authorized in 2021. Six of those decisions came in February, after fears of Russian aggression against Ukraine lifted stock prices. In total, the 20 companies announced $45.6 billion in stock buybacks since the start of 2021. More than half of the companies boosted their dividends in January and February. Of the 11 companies raising their dividends, nine were increases of more than 15 percent and four were increases of more than 40 percent.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.


The Five Biggest New Energy Trends In 2022
2022-03-01, Forbes
Posted: 2022-04-04 15:11:53
https://www.forbes.com/sites/bernardmarr/2022/03/01/the-five-biggest-new-ener...

2022 is set to be a record year in terms of the scale at which the switchover from fossil fuels to renewable sources will take place. It's also a year in which we will see new and exotic sources of energy emerge from laboratory and pilot projects. Artificial intelligence (AI) is having transformative effects across energy and utilities. It is used to forecast demand and manage the distribution of resources, to ensure that power is available at the time and place it's needed with a minimum of waste. Hydrogen is the most abundant material in the universe and produces close to zero greenhouse gas emissions when burnt. Green [hydrogen] is created by a process involving electrolysis and water, and generating the required electricity from renewable sources like wind or solar power effectively makes the process carbon-free. This year, a number of major European energy companies, including Shell and RWE, committed to creating the first major green hydrogen pipeline from offshore wind plants in the North Sea throughout Europe. In solar, companies including Dutch startup Lusoco are finding new ways to engineer photovoltaic panels using different reflecting and refracting materials – including fluorescent ink - to concentrate light onto the solar cells, leading to more efficient harvesting of energy. This results in panels that are lighter as well as cheaper, and less energy-intensive to produce and install. New materials are also being developed that convert energy more effectively.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Oil companies' profits soared to $174bn this year as US gas prices rose
2021-12-06, The Guardian (One of the UK's leading newspapers)
Posted: 2021-12-20 00:47:39
https://www.theguardian.com/business/2021/dec/06/oil-companies-profits-exxon-...

The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US, according to a new report. The bumper profit totals ... show that in the third quarter of 2021 alone, 24 top oil and gas companies made more than $74bn in net income. From January to September, the net income of the group, which includes Exxon, Chevron, Shell and BP, was $174bn. Gasoline prices have hit a seven-year high in the US due to the rising cost of oil, with Americans now paying about $3.40 for a gallon of fuel compared with around $2.10 a year ago. The Biden administration has warned the price hikes are hurting low-income people, even as it attempts to implement a climate agenda that would see America move away from fossil fuels, and has released 50m barrels of oil from the national strategic reserve to help dampen costs. But oil and gas companies have shown little willingness so far to ramp up production to help reduce costs and the new report, by the government watchdog group Accountable.US, accuses them of "taking advantage of bloated prices, fleecing American families along the way" amid ongoing fallout from the Covid-19 pandemic. The analysis of major oil companies' financials shows that 11 of the group gave payouts to shareholders worth more than $36.5bn collectively this year, while a dozen bought back $8bn-worth of stock.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.


The U.S. solar industry posted record growth in 2020 despite Covid
2021-03-16, CNBC News
Posted: 2021-10-18 01:11:40
https://www.cnbc.com/2021/03/16/the-us-solar-industry-posted-record-growth-in...

U.S. solar installations reached a record high in 2020 as favorable economics, supportive policies and strong demand in the second half of the year offset the impact of the coronavirus pandemic. Installations grew 43% year over year, reaching a record 19.2 gigawatts of new capacity, according to a report released Tuesday from the Solar Energy Industries Association and Wood Mackenzie. In the fourth quarter alone, the U.S. added just over 8 GW of capacity – a quarterly record. That's more than the capacity added in all of 2015, which was 7.5 GW. California, Texas and Florida were the top three states for annual solar additions for the second year running. Virginia and North Carolina rounded out the top five. In the U.S., solar represented 43% of all new electricity generating capacity added in 2020, its largest ever share of new generating capacity. Solar is also the cheapest form of new power in many places. "Residential solar sales continue to exceed expectations as loan providers roll out attractive products, interest in home improvement surges, and customers suffering through power outages from extreme weather events seek energy resilience," the report said. The report also looked for the first time at growth forecasts through 2030, projecting that the U.S. solar market will quadruple from current levels by the end of the decade. The growth is expected to be spread across markets as customers, utilities, states and corporations push to decarbonize the grid.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Solar power in Australia outstrips coal-fired electricity for first time
2021-08-22, The Guardian (One of the UK's leading newspapers)
Posted: 2021-09-13 20:37:42
https://www.theguardian.com/australia-news/2021/aug/23/solar-power-in-austral...

The national electricity market reached a new milestone on Sunday, with solar power outstripping energy generation from coal for the first time since the market was set up two decades ago. The crossover point lasted for only a few minutes, as low demand and sunny skies on Sunday meant the contribution from coal dropped to a record low of 9,315MW just after noon, while solar provided the dominant share with 9,427MW. Dylan McConnell, a research fellow at the University of Melbourne's climate and energy college, said that for a brief moment renewable energy represented 57% of national electricity generation. "This is what I unofficially call 'record season'," McConnell said. "It's actually still pretty early in the season [to get these numbers] but in spring or the shoulder seasons you have the combination of low demand, because there's no heating or cooling, and then nice weather on the weekend. "Those factors combine, and you get these giant shares of renewable energy that generally push out coal." While McConnell said it was only "fleeting" and that "Australia was a long way from peak renewable energy", energy prices also went negative on Sunday from 8.30am through to 5pm. It means ... energy producers were paying to keep running. Unlike more nimble solar and wind producers, coal generators are particularly hurt when prices turn negative. The costs associated with shutting down and restarting coal generators are prohibitive.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


What Germany Can Teach America About Renewable Energy
2021-05-31, Slate
Posted: 2021-06-13 18:13:31
https://slate.com/technology/2021/05/germany-renewable-energy-energiewende-fe...

Earlier this month, U.N. Secretary-General AntĂłnio Guterres joined virtual visitors to Berlin at the 12th Annual Petersberg Climate Dialogue, where the German government hoped to further negotiate technical details of the Paris Agreement. During the event, German Chancellor Angela Merkel urged governments to continue investing into our shared climate despite budgetary shortfalls related to the COVID-19 crisis. Germany has walked that walk. Over the past two decades, it has embarked on a remarkable, expensive transition from coal and nuclear energy, to renewable energy sources. The set of policies to encourage this rise of green energy is known as energiewende–or "energy transition." Energiewende has its roots in the foundation of Germany's Green Party in the late 1970s and early 1980s and enjoys broad public support. It is one of the most ambitious green energy proposals in the global North, and represents a fundamental paradigm shift from the fossil fuel-obsessed status quo. Massive fossil fuel subsidies and planned expansions of natural gas means the United States has failed to embrace the same spirit of energiewende. But that doesn't mean it never can. One good way to start would be with a central component of German energiewende: a feed-in-tariff to promote less developed renewable technologies. It works through phase-out subsidies that provide a fixed price for every kilowatt hour for a specific period following a renewable plant's construction.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Developer Of Aluminum-Ion Battery Claims It Charges 60 Times Faster Than Lithium-Ion, Offering EV Range Breakthrough
2021-05-13, Forbes
Posted: 2021-05-23 15:35:50
https://www.forbes.com/sites/michaeltaylor/2021/05/13/ev-range-breakthrough-a...

Range anxiety, recycling and fast-charging fears could all be consigned to electric-vehicle history with a nanotech-driven Australian battery invention. The graphene aluminum-ion battery cells from the Brisbane-based Graphene Manufacturing Group (GMG) are claimed to charge up to 60 times faster than the best lithium-ion cells and hold three times the energy of the best aluminum-based cells. They are also safer, with no upper Ampere limit to cause spontaneous overheating, more sustainable and easier to recycle, thanks to their stable base materials. Testing also shows the coin-cell validation batteries also last three times longer than lithium-ion versions. GMG plans to bring graphene aluminum-ion coin cells to market late this year or early next year. Based on breakthrough technology from the University of Queensland's (UQ) Australian Institute for Bioengineering and Nanotechnology, the battery cells use nanotechnology to insert aluminum atoms inside tiny perforations in graphene planes. GMG Managing Director Craig Nicol insisted that while his company's cells were not the only graphene aluminum-ion cells under development, they were easily the strongest, most reliable and fastest charging. "It charges so fast it's basically a super capacitor," Nicol claimed. "It charges a coin cell in less than 10 seconds." The new battery cells are claimed to deliver far more power density than current lithium-ion batteries, without the cooling, heating or rare-earth problems they face.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Electric car batteries with five-minute charging times produced
2021-01-19, The Guardian (One of the UK's leading newspapers)
Posted: 2021-02-14 16:46:07
https://www.theguardian.com/environment/2021/jan/19/electric-car-batteries-ra...

Batteries capable of fully charging in five minutes have been produced in a factory for the first time, marking a significant step towards electric cars becoming as fast to charge as filling up petrol or diesel vehicles. Electric vehicles are a vital part of action to tackle the climate crisis but running out of charge during a journey is a worry for drivers. The new lithium-ion batteries were developed by the Israeli company StoreDot and manufactured by Eve Energy in China on standard production lines. StoreDot has already demonstrated its "extreme fast-charging" battery in phones, drones and scooters and the 1,000 batteries it has now produced are to showcase its technology to carmakers and other companies. Daimler, BP, Samsung and TDK have all invested in StoreDot, which has raised $130m to date. "The number one barrier to the adoption of electric vehicles is no longer cost, it is range anxiety," said Doron Myersdorf, CEO of StoreDot. "You're either afraid that you're going to get stuck on the highway or you're going to need to sit in a charging station for two hours. But if the experience of the driver is exactly like fuelling [a petrol car], this whole anxiety goes away." "A five-minute charging lithium-ion battery was considered to be impossible," he said. "But we are not releasing a lab prototype, we are releasing engineering samples from a mass production line. This demonstrates it is feasible and it's commercially ready."

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Report: Toyota set to roll out its revolutionary solid-state battery in 2021
2020-12-10, MSN News
Posted: 2021-01-31 20:14:07
https://www.msn.com/en-ph/autos/news/report-toyota-set-to-roll-out-its-revolu...

The automotive industry is set for yet another big leap next year, as Toyota is reportedly on the verge of rolling out its "game-changing" solid-state battery. The Japanese carmaker plans to be the first to sell solid-state battery-powered EVs this decade, and that it will be unveiling a prototype in 2021. Toyota promises that the new battery will "be a game-changer not just for electric vehicles, but for an entire industry." Solid-state batteries are expected to become a viable alternative to the usual lithium-ion units that we see in most electric vehicles today. These new power packs offer greater energy density as well as lower risks of fire. Toyota claims that its newly developed batteries can also enable a maximum EV range of 500km in one full charge and a zero to 100% charging time of just 10 minutes, "all with minimal safety concerns." The carmaker adds that with these new batteries, its EVs will boast a maximum range that's double of what it would have been able to achieve with a traditional lithium-ion battery–and this is achieved without legroom being compromised to accommodate a larger battery pack. Toyota has yet to specify when exactly we'll be seeing the new battery ... in action. Other automotive manufacturers that are looking to use solid-state battery technology include Nissan and Volkswagen.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Scottish homes to be first in world to use 100% green hydrogen
2020-11-30, The Guardian (One of the UK's leading newspapers)
Posted: 2020-12-13 20:31:50
https://www.theguardian.com/environment/2020/nov/30/scottish-green-hydrogen-fife

Hundreds of homes in Scotland will soon become the first in the world to use 100% green hydrogen to heat their properties and cook their meals as part of a new trial that could help households across the country replace fossil fuel gas. Some 300 homes in Fife will be fitted with free hydrogen boilers, heaters and cooking appliances to be used for more than four years in the largest test of whether zero carbon hydrogen, made using renewable energy and water, could help meet Britain's climate goals. They will begin to receive green gas from the end of 2022, at no extra charge, and up to 1,000 homes could be included if the first phase of the trial is completed successfully. Green hydrogen is a central part of the government's plan to wean Britain off fossil fuels because it can be used in the same ways as fossil fuel gas but produces no carbon emissions. This is particularly important for central heating, which makes up almost a third of the UK's greenhouse gas emissions because 85% of homes use a gas boiler. Antony Green, the head of National Grid's hydrogen project, said: "If we truly want to reach a net zero decarbonised future, we need to replace methane with green alternatives like hydrogen."

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


It's Official: Solar Is the Cheapest Electricity in History
2020-10-22, Popular Mechanics
Posted: 2020-10-27 18:20:45
https://www.popularmechanics.com/science/a34372005/solar-cheapest-energy-ever/

In a new report, the International Energy Agency (IEA) says solar is now the cheapest form of electricity for utility companies to build. That's thanks to risk-reducing financial policies around the world, the agency says, and it applies to locations with both the most favorable policies and the easiest access to financing. The report underlines how important these policies are to encouraging development of renewables and other environmentally forward technologies. Carbon Brief (CB) summarizes the annual report with a lot of key details. The World Energy Outlook 2020 "offers four 'pathways' to 2040, all of which see a major rise in renewables," CB says. "The IEA's main scenario has 43 [percent] more solar output by 2040 than it expected in 2018, partly due to detailed new analysis showing that solar power is 20 [to] 50 [percent] cheaper than thought." The calculation depends on financing figures compared with the amount of output for solar projects. That means that at the same time panel technology gets more efficient and prices for basic panels continue to fall, investors are getting better and better financing deals. So the statistic "20 to 50 percent cheaper" is based on a calculus of companies building solar projects, not something that has throughput for consumers or even solar homeowners. But it's still a big deal, because the cost to build power plants is a major part of why so much of the world has stuck with coal and gas power.


This boat makes its own hydrogen fuel from seawater
2020-07-17, CNET
Posted: 2020-08-10 18:08:03
https://www.cnet.com/news/this-boat-makes-its-own-hydrogen-fuel-from-seawater/

Somewhere in the vast ocean, a little boat covered in solar panels is doing something extraordinary: making its own hydrogen fuel from the seawater underneath it. The Energy Observer uses a patchwork of different cutting-edge technologies to generate enough energy to power nine homes each day. During the day, 200 square meters of solar panels charge up the boat's lithium ion batteries. Any extra energy is stored as hydrogen, thanks to a special fuel cell that goes by the name Rex H2 (short for Range Extender H2). The Rex H2 was made by Toyota, using components from Toyota's hydrogen-powered Mirai vehicle line. The fuel cell brings in seawater, removes the salt and then separates the H from the pure H20 with electricity. When the Energy Observer began its journey in 2017, it could only produce hydrogen while stopped. That changed in a big way with the addition of the Oceanwings, 12-meter sails that improved the efficiency of the Energy Observer from 18% to 42%, to the point where it can now produce hydrogen even while sailing. One of the main benefits of hydrogen is its ability to store more more electricity by weight than its lithium ion competition. This benefit is especially useful at sea. Because fossil fuels have had more than a century's head start, we now find ourselves far beyond the point of any one technology being a silver bullet for our growing energy needs. A sustainable future will require a patchwork of new technologies, like the one powering the Energy Observer.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


U.S. Renewables Outstrip Coal for First Time Since 19th Century
2020-03-08, Bloomberg
Posted: 2020-06-08 22:30:50
https://www.bloomberg.com/news/articles/2020-05-28/u-s-renewables-outstrip-co...

The U.S. consumed more energy from renewable sources last year than from coal, the first time that’s happened since the late 1800s when it replaced wood for powering steamships and trains. Coal accounted for 11.3 quadrillion British thermal units of energy in 2019, a 15% decline from the prior year, a drop driven mainly by utilities turning away from the dirtiest fossil fuel. Renewables recorded 11.5 quadrillion Btu, up 1.4%, according to a statement Thursday from the the U.S. Energy Information Administration. While coal has been gradually replaced in transportation and heating, it remained the biggest source of U.S. electricity until it was surpassed by natural gas in 2016. In a significant milestone, power generated by burning coal was expected to be overtaken by renewable electricity this year, but the consumption figures show that the green transition is already happening. “This shows us the trend toward renewables is clearly well underway,” said Dennis Wamsted, an analyst for the Institute for Energy Economics and Financial Analysis. “We see it speeding up.”

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Patents Secured for Revolutionary Nuclear Fusion Technology
2020-02-24, Popular Mechanics
Posted: 2020-03-23 19:07:32
https://www.popularmechanics.com/science/a31080902/fusion-energy-hydrogen-boron/

Scientists in Australia are making some astonishing claims about a new nuclear reactor technology. Startup HB11, which spun out of the University of New South Wales, has applied for and received patents in the U.S., Japan, and China so far. The company's technology uses lasers to trigger a nuclear fusion reaction in hydrogen and boron—purportedly with no radioactive fuel required. The laser doesn’t heat the materials. Instead, it speeds up the hydrogen to the point where it (hopefully) collides with the boron to begin a reaction. “You could say we're using the hydrogen as a dart, and hoping to hit a boron, and if we hit one, we can start a fusion reaction,” managing director Warren McKenzie [said]. He says HB11's approach is “more precise” than designs that use heat to approach fusion because in those reactors, everything is heated in the hope that something will collide. When the lucky hydrogen does fuse with a boron particle, the reaction throws off helium atoms whose lack of electrons means they’re positively charged. It’s this charge that the device gathers as electricity. The overall idea was developed by UNSW emeritus professor Heinrich Hora. Hora’s design seeks to not just compete with, but replace entirely the extremely high-temperature current technologies to achieve fusion. These include fussy and volatile designs like the tokamak or stellarator, which can take months to get up to functionality and still spin out of working order in a matter of microseconds.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Carbon emissions fall as electricity producers move away from coal
2020-03-09, The Guardian (One of the UK's leading newspapers)
Posted: 2020-03-16 21:35:26
https://www.theguardian.com/environment/2020/mar/09/carbon-emissions-fall-as-...

Carbon emissions from the global electricity system fell by 2% last year, the biggest drop in almost 30 years, as countries began to turn their backs on coal-fired power plants. A new report on the world’s electricity generation revealed the steepest cut in carbon emissions since 1990 as the US and the EU turned to cleaner energy sources. Overall, power from coal plants fell by 3% last year, even as China’s reliance on coal plants climbed for another year to make up half the world’s coal generation for the first time. Coal generation in the US and Europe has halved since 2007, and last year collapsed by almost a quarter in the EU and by 16% in the US. The report from climate thinktank Ember ... warned that the dent in the world’s coal-fired electricity generation relied on many one-off factors, including milder winters across many countries. Dave Jones, the lead author of the report, said governments must dramatically accelerate the electricity transition so that global coal generation collapses throughout the 2020s. “The cheapest and quickest way to end coal generation is through a rapid rollout of wind and solar,” he said. The report revealed that renewable wind and solar power rose by 15% in 2019 to make up 8% of the world’s electricity. In the EU, wind and solar power made up almost a fifth of the electricity generated last year, ahead of the US which relied on these renewable sources for 11% of its electricity. In China and India, renewable energy made up 8% and 9% of the electricity system, respectively.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


PG&E: Monopoly Power and Disasters by the Rich 1%
2020-01-21, Project Censored
Posted: 2020-01-27 02:43:59
https://www.projectcensored.org/pge-monopoly-power-and-disasters-by-the-rich-1/

The Pacific Gas and Electric Company (PG&E) has diverted over $100 million from safety and maintenance programs to executive compensation at the same time it has caused an average of more than one fire a day for the past six years killing over 100 people. PG&E is the largest privately held public utility in the United States. A new research report shows that 91% of PG&E stocks are held by huge international investment management firms, including BlackRock and Vanguard Group. PG&E is an ideal investment for global capital management firms with monopoly control over five million households paying $16 billion for gas and electric in California. Between 2006 and the end of 2017, PG&E made $13.5 billion in net profits. Over those years, they paid nearly $10 billion in dividends to shareholders, but found little money to maintain safety on their electricity lines. A 2013 Liberty Consulting report showed that 60% of PG&E’s power lines were at risk of failure due to obsolete equipment and 75% of the lines lacked in-line grounding. Between 2008 and 2015, the CPUC found PG&E late on thousands of repair violations. A 2012 report further revealed that PG&E illegally diverted $100 million from safety to executive compensation and bonuses over a 15-year period. In November, 2018, the PG&E caused Camp fire burned 153,336 acres, killing 86 people, and destroying 18,804 homes, business, and structures. PG&E has caused some $50 billion in damages from massive fires started by their failed power lines.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.


Renewable capacity set for 50% growth over next few years, IEA says
2019-10-21, CNBC News
Posted: 2019-12-31 02:29:06
https://www.cnbc.com/2019/10/21/renewable-capacity-set-for-50percent-growth-o...

Renewable power capacity is forecast to increase by 50% between 2019 and 2024, the International Energy Agency (IEA) said. According to its “Renewables 2019” market report, the increase will amount to 1,200 gigawatts (GW) and be driven by drops in cost and what the IEA described as “concerted government policy efforts.” Capacity refers to the maximum amount that installations can produce, not what they are currently generating. In 2018, renewable capacity hit just over 2,500 GW. If the IEA’s forecast plays out, it would bring total renewable capacity to approximately 3,700 GW by 2024. Solar photovoltaics (PV) are due to make up nearly 60% of the expected rise, with the onshore wind sector accounting for 25% and offshore wind responsible for 4%. Photovoltaic refers to a way of directly converting light from the sun into electricity. The IEA said that distributed solar PV – systems installed on commercial buildings, homes and in industry – would make up nearly half of the increase in the solar PV market. Overall, renewables’ share in worldwide power generation is seen growing from 26% now to 30% in 2024. For 2019, renewable power capacity additions are seen increasing by 12% following a stall last year. Growth this year is being driven by solar PV, which has benefited from “rapid expansion in the European Union”, a stronger Indian market and an “installation boom” in Vietnam. Growth in the onshore wind sector is also cited as a contributing factor.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


Alabama Power fees on solar challenged
2019-11-16, Miami Herald/Associated Press
Posted: 2019-12-02 21:48:48
https://www.miamiherald.com/news/business/article237436404.html

When Jim Bankston installed solar panels on his Tuscaloosa home, he estimated it would trim his electricity bill, and the savings would eventually offset the cost of the hefty investment. After it was running, he noticed fees on his Alabama Power bill that he didn’t understand and learned there was a $5-per-kilowatt capacity charge on customers who use solar panels to produce a portion of their own electricity. “I am having to pay them just to use the photons that are hitting my own roof,” Bankston said. He had estimated the system would eventually pay for itself in 20 years. With the fees included, he said it could be twice that. “It’s discouraging the use of solar,” said Keith Johnston, managing attorney for the Southern Environmental Law Center’s Birmingham office. “We call it a solar tax.” The fee is based on the size of the solar system, so a five kilowatt system would have a monthly fee of $25. The average solar panel setup for a home costs about $10,000, according to the environmental law center. The fees add another $9,000 over the 30-year-lifespan of a system, dramatically increasing a homeowner’s cost and reducing any financial benefit they see from solar, the law group said. The issue of fees has arisen in New Mexico, Arizona and other states, causing clashes between renewable energy proponents and utilities. A power company in Iowa unsuccessfully pushed lawmakers to approve a fee that would require a homeowner with an average solar array to pay about $27 a month.

Note: Unlike many countries which are subsidizing solar power as a clean energy source, some places in the US are discouraging solar by taxes like this. For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.


A decade of renewable energy investment, led by solar, tops USD 2.5 trillion
2019-09-05, United Nations Environment Programme
Posted: 2019-09-16 17:40:02
https://www.unenvironment.org/news-and-stories/press-release/decade-renewable...

Global investment in new renewable energy capacity over this decade — 2010 to 2019 inclusive — is on course to hit USD 2.6 trillion, with more gigawatts of solar power capacity installed than any other generation technology. This investment is set to have roughly quadrupled renewable energy capacity (excluding large hydro) from 414 GW at the end of 2009 to just over 1,650 GW when the decade closes at the end of this year. Solar power will have drawn half — USD 1.3 trillion — of the USD 2.6 trillion in renewable energy capacity investments made over the decade. Solar alone will have grown from 25 GW at the beginning of 2010 to an expected 663 GW by the close of 2019 — enough to produce all the electricity needed each year by about 100 million average homes in the USA. The global share of electricity generation accounted for by renewables reached 12.9 per cent, in 2018, up from 11.6 per cent in 2017. This avoided an estimated 2 billion tonnes of carbon dioxide emissions last year alone — a substantial saving given global power sector emissions of 13.7 billion tonnes in 2018. Including all major generating technologies (fossil and zero-carbon), the decade is set to see a net 2,366 GW of power capacity installed, with solar accounting for the largest single share (638 GW), coal second (529 GW), and wind and gas in third and fourth places (487 GW and 438 GW respectively).

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