Solar power generation
World needs to accept the urgent need for fossil fuel investment now, BP CEO says
BP CEO Bernard Looney photographed in Texas on March 8, 2022. During a panel discussion on Oct. 31, 2022, Looney said his firm’s strategy was to “to invest in hydrocarbons today, because today’s energy system is a hydrocarbon system.” F. Carter Smith | Bloomberg | Getty Images BP’s strategy is centered around investing in hydrocarbons […]
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Oil is all that Putin has left, U.S. presidential advisor Amos Hochstein says
Amos Hochstein photographed in Beirut, Lebanon, on October 27, 2022. Hussam Shbaro | Anadolu Agency | Getty Images Oil is all Russia’s economy has left following its invasion of Ukraine earlier this year, according to Amos Hochstein, special presidential coordinator for President Joe Biden. “Oil is the only thing they have left in that economy […]
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Green hydrogen corridor aims to harness Spanish sunshine and decarbonize Europe’s industrial north
In a statement Tuesday, the Port of Rotterdam Authority’s CEO, Allard Castelein, said northwest Europe used “far more energy than it can produce in a sustainable way.” Eschcollection | Stone | Getty Images Madrid-headquartered energy firm Cepsa said it would work with the Port of Rotterdam to develop “the first green hydrogen corridor between southern […]
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EU approves up to $5.2 billion in general public funding for hydrogen jobs
Portion of a hydrogen-powered educate photographed in Germany on Aug. 24, 2022. European Commission President Ursula von der Leyen expressed guidance for hydrogen all through her Point out of the Union handle on Sept. 14 Carmen Jaspersen | AFP | Getty Photos The European Fee on Wednesday accepted up to 5.2 billion euros (approximately $5.2 […]
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Siemens commissions 1 of the greatest inexperienced hydrogen output plants in Germany
A Siemens symbol in Germany. The industrial large states that a recently commissioned green hydrogen plant in the country will use wind and solar energy from the Wunsiedel Vitality Park. Daniel Karmann | Image Alliance | Getty Photos A eco-friendly hydrogen technology plant explained as just one of the greatest in Germany is open up, […]
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‘Deeply worrying’: Liz Truss’ pick for Britain’s energy chief slammed by weather campaigners
Jacob Rees-Mogg photographed in London on Sept. 7, 2022. The lawmaker a short while ago called for far more fossil fuel extraction from the North Sea. Carl Court docket | Getty Pictures Information | Getty Photos LONDON — The U.K.’s new secretary of point out for small business, electricity and industrial method is a lawmaker […]
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As Elon Musk backs fossil fuels, one strategist sends a warning over EV sales
The uptake of electric vehicles has increased in recent years, as countries around the world attempt to reduce the environmental effects of transportation. Simonskafar | E+ | Getty Images Recent comments from Elon Musk about the need for more oil and gas reflect a broader concern that the uptake of electric vehicles will be hampered […]
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Oil and gas powerhouse Norway to invest in Indian solar project, sees country as priority market
India is targeting a major ramp up of its renewable energy capacity, but achieving its aims represents a big challenge. Puneet Vikram Singh | Moment | Getty Images Norway’s Climate Investment Fund and the country’s biggest pension company, KLP, are set to invest in a 420-megawatt solar power project being developed in Rajasthan, India. The […]
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Goldman Sachs doesn’t see nuclear as a transformational technology for the future
A nuclear power plant photographed in Germany, on August 4, 2022. Discussions about nuclear’s role in Europe’s biggest economy have been thrown into sharp relief following Russia’s unprovoked invasion of Ukraine in February. Lennart Preiss | Getty Images News | Getty Images Nuclear has a role to play in the years ahead but it should […]
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Surging temperatures are good for solar panels, right? The answer is: It’s complicated
This image, from May 2022, shows solar panels in Worcestershire, England. The recent hot weather in the U.K. has led to a discussion about the optimum conditions for solar power. Mike Kemp | In Pictures | Getty Images Last week saw temperatures in the U.K. surge, with highs of over 40 degrees Celsius (104 degrees […]
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