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Despite net-zero pledges, banks used $750 billion to finance fossilfuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossilfuel firms during the pandemic year.
Zenob, an owner and operator of grid-scale batteries on the GB transmission network, has announced that Europes largest battery site, located in Blackhillock, Scotland, has begun commercial operations. An area outside the substation in 2006 (image credit: Des Colhoun, CC BY-SA 2.0 The Blackhillock site is launching in two phases.
Could trash-to-energy technology feed hydrogen demand? One novel spin on emerging hydrogen fuel options is "clean hydrogen" made from trash. . Clean hydrogen could cut greenhouse gas emissions from fossilfuel by up to 34 percent, reported Bloomberg New Energy Finance. . Arlene Karidis. Wed, 07/15/2020 - 01:00.
This event is more than a celebration of sport it is a global stage where the country can either reinforce its role as Europe’s biggest fossilfuel producer or rise to the occasion and lead a just transition away from oil, gas and goal production. You dont phase something out by building more of it. Athletes know this.
The ambitious proposal was included in the REPowerEU plan , which detailed a vast number of changes designed to curb reliance on Russian fossilfuels by 2027, and thus catalysing Europe’s transition to renewable energy. In doing so, we could see an acceleration in the transition to net-zero.
The engine is designed specifically to provide zero-emission solutions for demanding applications in the construction and agricultural sectors. Key advancements include: Hydrogen Fuel Integration : Incorporates high-pressure hydrogen storage systems, enabling engines to operate with minimal carbon output.
. | Photo by Jan Woitas/picture alliance via Getty Images The European Union saw a record drop in pollution from fossilfuel power plants last year, according to a new report. Fossilfuels dropped to their lowest point since reliable record-keeping started in 1990, making up less than a third of EU’s electricity generation in 2023.
The introduction of spot pricing allows buyers to purchase green hydrogen on-demand without being tied to long-term contracts. Plug customers, including retailers, manufacturers, and power plant operators, now have the flexibility to manage their hydrogen needs based on fluctuating market demands.
The company has highlighted growing demand for green hydrogen, particularly in industrial applications and heavy transport, as a basis for its strategic shift. Notably, Bosch pointed out the lack of policy-driven prioritization for hydrogen-to-electricity conversion in Europe, particularly in Germany, as a key barrier.
Soaring gas prices drove wholesale power prices to record highs in Europe last year, which resulted in several countries increasing their production of electricity from coal and lignite. The renewable proportion of the fuel mix (including biomass and waste) decreased from 41.4% MWh during December. MWh during December. Have you read?
GASCADE’s Hydrogen Pipeline Initiative: Pioneering Europe’s Energy Transition The push towards a sustainable energy future continues to gain momentum, with hydrogen emerging as a key player in decarbonization. This marks the first step in what is widely recognized as a game-changing venture for Europes energy landscape.
By 2030, Wood Mackenzie expects wind, solar and batteries to dominate Europe's grid mix. In the first half of 2020, renewables (solar, wind, hydro and biomass) beat out fossilfuels on the European grid for the first time. They didn’t only beat out coal -- they beat out all fossilfuels put together.
Hydrogen Transport Collaboration to Bridge Nordic Countries and NW Europe Provaris Energy, in partnership with Uniper Global Commodities and Norwegian Hydrogen, has signed a key conditional term sheet to establish a green hydrogen supply chain from the Nordics to North-Western Europe. million in November 2024 through a share placement.
This story is the fourth part of a DeSmog series on carbon capture and was developed with the support of Journalismfund Europe and published in partnership with Le Monde. “A badly managed development of blue hydrogen will increase carbon emissions while creating new gas demand that risks extending energy security concerns.”
This story is the third part of a DeSmog series on carbon capture and was developed with the support of Journalismfund Europe and published in partnership with the Guardian. Meanwhile, lobby group the Carbon Capture and Storage Association (CCSA) — which represents dozens of fossilfuel companies — attended 20 meetings, and Equinor 16.
While the fuel is barely on the radar in the United States, around the world a green hydrogen rush is underway, and many companies, investors, governments and environmentalists believe it is an energy source that could help end the reign of fossilfuels and slow the world’s warming trajectory. "It Green hydrogen can do that.".
EIA and IEA are out with projections for emissions and fossilfuel consumption. And even though renewables will be the fastest-growing new source of energy, hydrocarbon liquid fuels will meet the majority of demand. Finally, Europe is in a crisis headed into winter. And they don’t look good.
Centralized markets with prices set by the cost of marginal dispatch, most often from fossil-fuel generation, are the bedrock of most major power systems. Renewables are central to regional and national energy policies in Europe. High penetrations make it more difficult to manage volatility, peak demand and other grid services.
So, how has hydrogen gone from being a fairly obscure industry to a critical part of Europe’s green plans? DeSmog has mapped the sprawling network of fossilfuel companies, trade associations, PR firms and other organisations behind the push for hydrogen, which offers some clues. Hydrogen Europe. Credit: Gaia Lamperti.
Natural gas is not cleaner than other fossilfuels and using it instead of coal or oil risks achieving little or no reduction in greenhouse gas effects, says science advisory group the European Academies’ Science Advisory Council (EASAC) in a new report “Future of Gas”.
But the data compiled by Brussels-based research and advocacy group Food & Water Action Europe, and shared with DeSmog, shows that 57 percent of 147 hydrogen projects under consideration by the European Commission are designed to also carry natural gas, or “blue” hydrogen made from the fossilfuel.
This quantity, described as one of the largest known reserves in Europe, represents nearly half the worlds current hydrogen production. These findings, if fully tapped into, could meet global hydrogen demand for several years, signifying a major step toward energy independence and decarbonization.
The findings underscore concerns over the role of the fossilfuel industry at the negotiations, known as COP27, which have become a focal point for deals to exploit African natural gas. These talks are supposed to be about moving us away from fossilfuels, phasing them out,” Sabido told DeSmog. Social license.
Hydrogen is already heavily used in refining, and replacing conventional hydrogen (produced from fossilfuels) with green hydrogen can substantially lower the overall carbon footprint. On a broader scale, the initiative fits neatly into Europes renewable energy goals, as outlined under the European Green Deal.
This renewable energy potential, coupled with zero carbon emissions when used, has put natural hydrogen at the forefront of global efforts to transition away from fossilfuels. Meanwhile, Europe has also been a hub of activity. This work could set a framework for future projects in similar geological features across the globe.
and the failed Keystone XL oil sands pipeline to Texas, sees a major new growth opportunity for fossilfuels: artificial intelligence. Big Tech should be held just as responsible as the fossilfuel industry,” he told DeSmog. million homes. Tech Firms Promise Renewables That outcome isn’t an inevitability, however.
The company is currently advancing more than 30 green hydrogen projects across Europe and is investing heavily in infrastructure to meet future demand. Beyond Leuna, TotalEnergies is working to secure similar agreements across Europe as it aims to convert up to 500,000 metric tons of hydrogen annually for its refineries.
EIA and IEA are out with projections for emissions and fossilfuel consumption. And even though renewables will be the fastest-growing new source of energy, hydrocarbon liquid fuels will meet the majority of demand. Finally, Europe is in a crisis headed into winter. And they don’t look good.
Campaign group One for One warn fossilfuels should be viewed as the highest risk class of assets and urges government to tighten financial regulations to avert risk of a financial crash. The One for One rule will ensure that banks making high-risk fossilfuel investments shoulder that risk themselves," she added. "It
Europe is at the forefront of the global push towards sustainability, and the steel industry is no exception. This shift towards greener, more sustainable steel production has profound implications for the economy, the environment, and the future of manufacturing in Europe. Words: Persistence Market Research ).
The EMS monitors fluctuations in electricity demand within the factory while accounting for changes in the UKs unpredictable weather conditions. Energy Management System (EMS) An EMS under development will monitor electricity demand and adapt to weather changes, ensuring optimal energy use.
Global energy consumption reached a record peak of 620 Exjoules (EJ) in 2023, with fossilfuel consumption and energy sector emissions also hitting record highs, according to the Statistical Review of World Energy , published on 20 June by the Energy Institute, Kearney and KPMG.
Green hydrogen is about four times as expensive to produce as hydrogen derived from fossilfuels today. Balancing hydrogen supply and demand. In the early years, nascent and difficult-to-forecast demand will be a problem. Oil majors also have their own demand. “Absolutely.
That may seem an audacious notion from a company whose business model for well over a century has centered around bringing fossilfuels to market — and is banking on petroleum being a key, albeit declining, fuel for decades to come. Supply, meet demand. and in Europe, this is a top-of-mind issue.”
Ursula von der Leyen sets out plans to mandate revenue cap on electricity generators and secure a 'crisis contribution' from fossilfuel companies in her State of the European Union address. We are in a fossilfuel crisis, the fossilfuel industry has a special duty too," she said.
This story is the sixth part of a DeSmog series on carbon capture and was developed with the support of Journalismfund Europe. Norwegian state-owned oil and gas company Equinor, the North Sea’s largest fossilfuel producer, is positioning itself to play a key role in plans to turn Britain into a world leader in capturing carbon.
Research has also identified potential reserves in Australia, Eastern Europe, and parts of the United States, particularly in areas with ancient rock formations or tectonic activity. This discovery highlights the potential for further exploration in Europe, particularly in regions with favorable geological conditions.
As that reality sets in, it could take the shine off one of the brightest spots for the renewables market: corporate demand. Experts say it’s still too early to draw conclusions about the coronavirus outbreak’s effect on power demand, let alone the secondary effect on demand for wind and solar.
Volvo Trucks plans to offer a complete range of all-electric heavy-duty trucks in Europe, starting in 2021. Electric vehicles for “demanding and heavy long-haul operations” will follow “in this decade,” says Volvo. Some of these will be battery-electric, and some will be fuel cell-powered.
” Now its next milestone could be as one of the first 100-megawatt scale green hydrogen sites in Europe. gigawatts, the hard coal plant will likely prove to be one of the final five new coal plants built in Western Europe, according to data from Beyond Coal. Demand is king for green hydrogen.
For their part, power companies are exploring ways to build out the renewable energy system to meet the coming surge in industrial electricity demand. Another strategy would be to try to snap up some early innovators because supply isn’t as big as the demand could potentially balloon into, Valanko said. . Charting a course to 2050.
For every ton of glass produced, the energy demand is immensedriving significant carbon dioxide and nitrogen oxide emissions. While advances like oxy-fuel burners and furnace electrification have improved efficiencies, the overall progress remains insufficient to meet global climate goals. Bridging this gap in regions like the U.S.
This conversion is made efficient by intelligent control systems that optimize the process depending on demand. Energy Storage A newly constructed 60 MW/120 MWh energy storage system balances supply and demand fluctuations, ensuring a stable electricity supply for the grid. The hydrogen is then stored or used for refueling.
By utilizing manure, a widely available agricultural byproduct, the production of hydrogen can be localized, reducing the need for centralized fossilfuel-based production systems. Graforce estimates that this approach could cover up to half of the worlds annual energy demand while significantly reducing global CO2 emissions.
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