Danish wind power developer Orsted cancels New Jersey offshore wind projects
Danish wind power developer Orsted is canceling two offshore wind projects that were planned off the coast of New Jersey. Orsted has also announced a $4 billion write-down for the first nine months of the year. The Ocean Wind 1 project would have been New Jersey’s first offshore wind farm. The project would have generated […]
India’s reliance on coal to likely continue for the next two decades
As India struggles to find other ways to cool homes down and keep the lights on, its reliance on coal will not reduce in the next two decades. Fossil fuels continue to make up 75% of India’s power. The country’s wind, solar and hydro energy capabilities are still unreliable and are dependent on the climate. […]
China has the potential to lead in decarbonising the construction industry
According to new research by the International Finance Corporation (IFC), China, which is home to the world’s largest buildings construction industry chains, has the potential to make a significant contribution in decarbonising the sector over the next decade. China will need to spend $1.33 trillion on cutting construction-related carbon dioxide emissions. This target will help […]
Large U.S. energy companies do not see an end to oil demand in the near future
According to Larry J. Goldstein, a former president of the Petroleum Industry Research Foundation, large U.S. nongovernment energy companies do not see an end to oil demand any time in the near future. Recent acquisitions in the energy industry include energy company Chevron acquiring oil and gas company Hess and Exxon Mobil acquiring oil company […]
Volvo Cars CEO cautious on solid-state battery technology
Volvo Cars CEO Jim Rowan remains optimistic regarding his company’s electric vehicle (EV) future. Rowan was bullish about the long-term potential of electric motors. The CEO, however, appeared more cautious on solid-state battery technology. Solid-state batteries have been promoted as having a potentially transformative effect on electric vehicles. The U.S. Department of Energy believes solid-state […]
Installation begins for America’s first major offshore wind farm
Energy company Avangrid’s Vineyard Wind 1 project is all set to become the United States’ first commercial-scale offshore wind project. The first turbine belonging to this project was installed in waters off Martha’s Vineyard in Massachusetts. Avangrid CEO Pedro Azagra has described the news as a monumental achievement for the U.S. energy industry. The Vineyard […]
The upswing in global wind sector leads to demand for additional workers
The growth in the global wind energy industry will demand an additional 600,000 technicians over the next five years. China would account for more than 40 per cent of this additional labour demand. This situation highlights workforce challenges and opportunities in the clean energy sector. A healthy supply chain and a strong workforce will be […]
Hong Kong steps up efforts to find solutions for recycling textiles
Hong Kong’s first industrial-scale green machine is expected to process one tonne of textile waste per day starting next year. The magnitude of the challenge of tackling textile waste can be understood from the fact that a truckload of discarded clothes is burnt or sent to landfill every second around the world. Discarded textiles have […]
Hydrogen tax credits and their potential to reduce emissions
U.S. President Biden’s landmark climate bill, the Inflation Reduction Act (IRA), includes one of the most generous tax credits for the production of hydrogen and is worth as much as $100 billion. The Treasury is tasked with deciding how the hydrogen production tax credit will be implemented. Guidance on the tax credit is expected by […]
Argentina on track to become Latin America’s leading lithium producer by 2030
Argentina is expected to surpass neighbouring Chile as Latin America’s leading lithium producer by the year 2030. Lithium is regarded as a critical component of the energy transition. Argentina’s lithium production depends on its upcoming presidential election as well as the likelihood of interventionist policies. Argentina’s lithium boom will matter greatly to the supplies needed […]
