Alternative and sustainable energy
The crypto industry wants to go green — but that’s easier said than done
BODEN, Sweden — Tucked away in snowy Swedish Lapland is a modern-day gold mine. But instead of picks and shovels, it’s filled with thousands of computers. These machines, known as mining rigs, are working around the clock to find new units of cryptocurrency — in this case, ethereum, the second-largest token globally. To do so, […]
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Top autos CEO warns of battery supply scarcity as EV competition heats up
In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehicles. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images The new CEO and president of Volvo Cars has predicted […]
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Australia opens facility that will ‘blast’ human waste and convert it into fertilizer
A sewage treatment plant. The idea of reusing organic matter or waste in industrial processes and other initiatives is not a new one, and the last few years have seen a number of interesting projects take shape. Thomas Imo | Photothek | Getty Images An Australian plant that converts human waste into fertilizer and energy […]
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It’s ‘ridiculous and naive’ to think we can stop fossil fuel production immediately, says Standard Chartered CEO Bill Winters
Fossil fuels are ingrained in the global energy mix and companies continue to discover and develop oil and gas fields at locations around the world. Imaginima | E+ | Getty Images LONDON — The CEO of Standard Chartered believes it’s “ridiculous and naive” to think fossil fuel production can be immediately halted without any consequences, […]
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UAE’s Masdar signs deal for green hydrogen projects in Egypt, targets exports to Europe
Masdar says Egypt’s abundance of solar and wind will “allow generation of renewable power at a highly competitive cost – a key enabler for green hydrogen production.” Ute Grabowsky | Photothek | Getty Images The UAE’s Masdar and Egypt’s Hassan Allam Utilities have signed agreements with state-backed Egyptian organizations that will see the parties work […]
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GE hoping to 3D print concrete components for wind turbines so it can save on transportation costs
A Haliade-X wind turbine photographed in the Netherlands on March 2, 2022. The Haliade-X is part of a new generation of huge turbines set to be installed in the years ahead. Peter Boer | Bloomberg | Getty Images A new research facility which hopes to 3D print the concrete bases of giant wind turbine towers […]
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Taiwan’s ‘biggest offshore wind farm’ generates its first power
An offshore wind turbine in waters off Taiwan. Taiwan’s Ministry of Economic Affairs says it’s targeting 20% renewable energy generation by the middle of this decade. Billy H.C. Kwok | Bloomberg | Getty Images A large-scale offshore wind farm in waters off the coast of Taiwan has produced its first power, with those involved in […]
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Energy giants Siemens Gamesa and SSE agree $628 million deal amid rising costs and profit warnings
Details of the agreement between SSE and SGRE were announced on the same day the latter released preliminary results for the second quarter, reporting revenue of around 2.2 billion euros and an operating loss of roughly 304 million euros. Paul Ellis | AFP | Getty Images Siemens Gamesa Renewable Energy has agreed to sell assets […]
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BP deal sends Nasdaq-listed EV charging stock Tritium surging
The need for new charging infrastructure in the U.K. is likely to become increasingly pressing in the years ahead, not least because authorities want to stop the sale of new diesel and gasoline cars and vans by 2030. Chris Ratcliffe | Bloomberg | Getty Images Tritium and BP have entered into a multi-year contract related […]
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Sustainable recovery spending could be derailed by commodity price spikes following Ukraine war
Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. At the same time, recent months have also seen commodity prices jump. Marcus Brandt | Picture Alliance | Getty Images The world’s governments have pledged more than $710 billion to “sustainable recovery measures” by […]
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