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How to tax renewable energy firms for windfall profits from high wholesale electricity prices

January 9, 2023 by IEA

Should windfall taxes be imposed on renewable energy firms that have benefitted from the current high electricity prices caused by the increases in oil, gas and coal prices triggered by Russia’s invasion of Ukraine? If so, how, and how much? The IEA has conducted a study of the EU to try to uncover who has (and hasn’t) made extraordinary profits, and how much. Up front they say this is difficult to do as the majority of installed renewable … [Read more...]

Filed Under: Energy, Renewables Tagged With: CFD, electricity, Europe, FIP, FIT, Greece, Hungary, hydro, IEA, investment, Italy, profits, renewables, Romania, Russia, solar, spain, taxes, Ukraine, wind, windfall

Electrochemical CO2 removal: efficient, cheaper, first industrial client

October 5, 2022 by Leda Zimmerman

Leda Zimmerman at MIT describes a method of removing CO2 electrochemically, now being taken forward by MIT spin-off company Verdox. Electrodes are coated with polyanthraquinone. When it is charged, CO2 sticks to it. When it’s time to store it away, the charge is reversed and the gas is expelled as a pure stream of CO2. The technology works in a wide range of CO2 concentrations, from the 20% or higher found in cement and steel industry exhaust … [Read more...]

Filed Under: Carbon Capture, Energy Tagged With: aluminium, CCS, CCUS, CDR, cement, CO2, electrochemical, emissions, hydro, NorskHydro, polyanthraquinone, steel, Verdox

Reactor shutdowns in Nuclear-dependent France expose the need for a diversified mix of Renewables

September 14, 2022 by Frank Bass

Events are showing that a nation’s heavy reliance on a single source of energy is unwise. It’s not just gas. The heatwave is causing problems for France’s nuclear fleet, where the use of water for cooling has had to be restricted. All compounded by routine and unexpected maintenance shutdowns. As nuclear typically delivers well over 60% of its power, and also made it Europe’s biggest power exporter (until now), France is feeling the consequences. … [Read more...]

Filed Under: Energy, Nuclear Tagged With: electricity, exports, France, heatwave, hydro, Nuclear, power, Sweden, wind

Can China’s 14th 5-year-plan for Renewable Energy deliver an early emissions peak before 2030?

July 28, 2022 by Hu Min

At the beginning of June China released its 14th five-year plan (FYP) for renewable energy for the five years 2021-2025. Hu Min at Innovative Green Development Program, writing for Carbon Brief, reviews the plan’s targets and actions, and its implications. Unchanged from the 13th FYP, 25% of China’s energy will come from non-fossil sources by 2030. But the 14th FYP says at least half of the increase in electricity demand will be covered by … [Read more...]

Filed Under: Energy, Renewables Tagged With: China, coal, electricity, emissions, hydro, netzero, Nuclear, renewables, solar, storage, wind

Record Renewables additions for 2021 and 2022 despite supply bottlenecks prove Solar & Wind’s resilience

May 13, 2022 by IEA

Despite – or perhaps because of – global market and political turmoil, renewable power is set to break another record in 2022. That’s after 2021 also saw record new capacity from solar, wind and other renewables worldwide. It’s mainly driven by solar PV in China and Europe as governments around the world take advantage of renewables’ energy security and climate benefits, according to the IEA’s latest Renewable Energy Market Update. 295GW of new … [Read more...]

Filed Under: Energy, Renewables Tagged With: biofuels, China, distributed, EU, Europe, hydro, IEA, India, LatinAmerica, policies, renewables, Russia, security, solar, US, wind

China’s impressive growth in Renewables and Transmission now needs Market innovation

May 12, 2022 by Simon Göss

***REGISTER NOW for CHINA: Carbon Neutral by 2060 - INNOVATION*** - China has the world’s largest power plant fleet for both coal and renewables. Together they make up most of the total power capacity of over 2,200 GW... STOP PRESS: China's Transition is the biggest single opportunity for managing climate change and also for those businesses who are ready with the innovations that will ensure the best possible outomes in an incredibly … [Read more...]

Filed Under: Energy, Events, Innovations Tagged With: China, coal, electricity, EU, grids, hydro, innovation, markets, renewables, solar, Transmission, UHV, wind

Surging U.S. renewables on track to take 30% market share by 2026

October 19, 2021 by Dennis Wamsted and Seth Feaster

While the U.S. Congress debates whether backing the transition is a winning strategy, the energy sector is clearly showing the nation’s direction of travel. Dennis Wamsted and Seth Feaster at IEEFA look at the impressive growth of the clean energy champions, wind and solar. Since 2019, wind and utility-scale solar generation has risen by 76 TWh — a 31% increase — while coal and gas has fallen by 1.6%. By 2026, wind and utility-scale solar will … [Read more...]

Filed Under: Energy, Renewables Tagged With: coal, electricity, gas, grids, hydro, renewables, rooftop, solar, transition, US, wind

How to grow grid-scale U.S. Battery capacity to 125GW (or even 680GW) by 2050

June 24, 2021 by NREL

Grid-Scale U.S. storage capacity could reach 125GW by 2050, or even as much as 680GW, according to research from NREL. Almost all today, under 25GW, comes from pumped hydro which has probably reached its limit so the future is batteries. Growth depends on commercial viability, so the research led by NREL has modelled what services storage can supply, the main three being firm capacity, energy time-shifting and operating reserves. The sets of … [Read more...]

Filed Under: Energy, Storage Tagged With: batteries, commercialisation, hydro, scenarios, solar, storage, US

China’s energy system: record renewables expansion, but coal still dominates

June 21, 2021 by Lara Dombrowski and Simon Göss

Lara Dombrowski and Simon Göss at Energy Brainpool give the latest headline figures for China’s energy system. In 2020 electricity generation in China went up by 298 TWh – an increase equal to 60% of Germany’s total. That year, renewables capacity increased more than ever before. That made China responsible for nearly 50% of global renewable capacity additions. But China has higher CO2 emissions than all the OECD countries combined. And continued … [Read more...]

Filed Under: Energy Tagged With: China, coal, electricity, ETS, EVs, hydro, Nuclear, power, solar, wind

What patents tell us: which countries, what sectors, are the clean energy innovators?

May 31, 2021 by Sean Fleming

Today’s solutions cannot give us a successful transition on their own. That’s why the innovations coming down the pipeline are so important. One way to measure what, and who, is innovating is to look at the number of patents being filed for low carbon energy (LCE), explains Sean Fleming writing for the World Economic Forum. He summarises the latest report from the European Patent Office and the IEA, “Patents and the energy transition: Global … [Read more...]

Filed Under: Energy, Innovations Tagged With: batteries, CCUS, China, EU, Europe, EVs, geothermal, hydro, hydrogen, innovation, Japan, patents, SKorea, smart grids, solar, US, wind

Nuclear-Wind hybrid plants for grid stability, Power-to-X and more

January 6, 2021 by NREL

How would you use a nuclear-wind hybrid plant and maximise its potential? When intermittent wind’s output falls, nuclear can step in to feed the grid. When it’s not doing that it can use its power to run the production of a wide range of commodities: from biofuels, hydrogen, pumped hydro to wastewater purification, desalination, chemical manufacturing and more – including straightforward thermal power for industry. In collaboration with NREL, the … [Read more...]

Filed Under: Energy, Nuclear, Renewables Tagged With: biofuels, chemicals, desalination, gas, grids, hydro, hydrogen, industry, JISEA, Nuclear, regulations, renewables, storage, thermal, wastewater, wind

IEA’s “accelerated case” becoming the norm? Global Wind + Solar to overtake Gas and Coal by 2024

December 1, 2020 by Josh Gabbatiss

The IEA’s 2019 “accelerated case” for renewables is turning into this year’s “main case”. It predicts that Wind and Solar capacity combined will overtake both Gas and Coal globally by 2024. Josh Gabbatiss at Carbon Brief summarises the IEA’s Renewables 2020 report. Within five years, renewables will constitute 1/3 of all electricity generation, equivalent to the combined demand of China and the EU. Virtually all global growth in electricity … [Read more...]

Filed Under: Energy, Renewables Tagged With: China, coal, electricity, EU, gas, hydro, IEA, India, Japan, renewables, SKorea, solar, US, wind

The IEA’s World Energy Outlook 2020 at a glance

October 30, 2020 by Simon Göss

This month the IEA published its annual flagship World Energy Outlook (WEO). Simon Göss at Energy Brainpool picks out his highlights. This year’s WEO has four scenarios, two of them new: an updated “Stated Policies Scenario” (STEPS: what governments have promised), the new “Delayed Recovery Scenario” (DRS: due to Covid), an updated “Sustainable Development Scenario” (SDS: what’s needed to meet the Paris targets), and the new “Net Zero Emissions … [Read more...]

Filed Under: Energy, Energy Outlooks Tagged With: coal, Covid, DRS, emissions, gas, hydro, IEA, Nuclear, NZE2050, oil, SDS, solar, STEPS, WEO20, wind

Floating Solar on existing Hydro reservoirs: potential for 10,600 TWh/year

October 7, 2020 by NREL

The idea is simple. Float solar panels on the reservoirs of hydroelectric dams. The new solar can piggy back on the existing grid connections. They complement each other by being strong when the other is weak: solar for the dry season, hydro for the wet. The hydro can provide pumped storage for the excess solar. Finally, the reservoir is readily available space. A team at the U.S.'s National Renewable Energy Laboratory have calculated the … [Read more...]

Filed Under: Energy, Renewables Tagged With: FloatingSolar, grids, hydro, PumpedStorage, solar, storage

BP Outlook 2020: “peak oil” has already happened

September 21, 2020 by Simon Evans

BP’s latest Outlook predicts – for the first time - that oil saw its peak in 2019. In each of BP’s Outlooks, published annually since 2011, they have revised their predictions for the global energy landscape to 2050 as new data comes in. The growth of clean energy and the changing shape of climate policies have seen each successive forecast increase the share of renewables at the expense of fossil fuels. This year even gas has seen its prospects … [Read more...]

Filed Under: Energy, Energy Outlooks, Policies Tagged With: BehaviourChange, BP, coal, Covid, emissions, gas, hydro, Nuclear, oil, outlook, renewables

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Recent Posts

Make Hydrogen in developing nations: share prosperity while meeting our climate goals

Smart Glasses: experts can monitor and advise on power plant inspections anywhere in the world

Concrete: 8% of global emissions and rising. Which innovations can achieve net zero by 2050?

Biofuel is approaching a feedstock crunch. How bad? And what must be done?

Europe needs a Regional Green Bank to fulfil its Green Deal and match the U.S.

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