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Energy Environment

All articles tagged with #energy environment

energy-and-environment1 day ago•6 min saved

NYS Climate Law Could Raise Home Energy Bills by Thousands, Memo Warns

A NYSERDA memo estimates that fully implementing the Climate Leadership and Community Protection Act could raise average New Yorkers' energy costs—upstate gas/oil households may incur over $4,100 in gross costs and NYC about $2,300, plus roughly $2.23 per gallon for fuel—though affordability measures could reduce net costs to around $2,500 (upstate) or $1,500 (NYC). High-efficiency electrification could yield savings (about $1,500 upstate, $800 in NYC). Gov. Hochul is weighing changes to the law amid bipartisan pushback and federal hurdles, while advocates argue for expanding clean-energy initiatives instead of rolling back policies.

via City & State New York|

#budget #cap-and-invest #climate-policy

energy-environment8 months ago•6 min saved

New Evidence Reveals Ancient Asteroid Impact in Chesapeake Bay

Geologists have uncovered evidence of a massive tsunami caused by a 35-million-year-old asteroid impact in Chesapeake Bay, with findings from North Carolina revealing tsunami deposits and impact materials, shedding light on the event's far-reaching effects and potential hazards of asteroid collisions.

via Virginia Mercury|

#ancient-earth #asteroid-impact #chesapeake-bay

energy-environment1 year ago•2 min saved

"TC Energy's Response to Yellowhead County Incident"

TC Energy confirms a rupture on its NGTL natural gas pipeline system in Yellowhead County, Alberta, approximately 40 kilometers northwest of Edson. The affected section has been isolated and shut down, with no reported injuries. The company is working with first responders, including Alberta Wildfire, to contain a secondary fire and is committed to supporting the ongoing response efforts. TC Energy is cooperating with regulatory agencies and authorities and will continue to provide updates as new information becomes available.

via TC Energy|

#alberta-wildfire #emergency-response #energy-environment

energy-environment1 year ago•3 min saved

"California's Rooftop Solar Market Faces Daytime Glut and Legal Challenges"

California's rooftop solar industry is experiencing a significant downturn as demand for solar systems plummets following a 75% reduction in compensation for excess electricity sent to the grid. The oversupply of solar power during the day has led to soaring costs for grid upgrades, causing more than 100 solar contractors to go out of business. The state's ambitious renewable energy goals are outpacing its grid's capacity, resulting in wasted or curtailed solar power. Additionally, the economic feasibility of adding more solar panels has diminished, leading to layoffs and economic challenges for the industry.

via Mish Talk|

#california #electricity-costs #energy-environment

energy-environment1 year ago•5 min saved

"Xcel Energy's Power Cuts Spark Frustration and Financial Loss in Colorado"

Xcel Energy-Colorado took the unprecedented step of cutting power to some parts of the Front Range to minimize the risk of wildfires as strong winds walloped the region, leading to blowback from affected customers and officials. The move, aimed at preventing a repeat of the devastating Marshall fire, resulted in complaints about lack of notice and communication, as well as concerns about unintended consequences such as sewage overflow. Xcel Energy faces lawsuits over previous fires, and while the company insists the power shutdown was solely for public safety, critics accuse it of trying to avoid more legal action.

via The Denver Post|

#colorado #energy-environment #power-outage

energy-environment1 year ago•3 min saved

"2024 Solar Eclipse: A Test for Renewable Energy in the US"

The total solar eclipse in the US highlights the crucial role of solar energy in the nation's power grid, with over 31 million people living in areas affected by the eclipse. Grid managers have had to find backup sources of energy to cope with the eclipse, showcasing the need for further progress in cleaning up the power grid. While solar generation falls during the eclipse, electricity demand is expected to rise, leading to a mismatch in supply and demand. Gas and hydropower are expected to make up for the shortfall in solar energy, but this comes with increased pollution and environmental impact. The eclipse underscores the need to ramp up capacity for renewable energy generation and storage to ensure a reliable supply and reduce reliance on dirty sources of energy.

via The Verge|

#climate-goals #energy-environment #power-grid

energy-environment1 year ago•5 min saved

"New England's Historic Shift: From Coal to Green Energy"

The last coal-fired power plants in New England, Schiller Station and Merrimack Station, are set to close by 2028, marking the region's transition to green energy. Environmental activists have long advocated for the closure, citing health and environmental concerns. The sites will be redeveloped into renewable energy parks, featuring solar and utility-scale energy storage facilities. While praised by green energy advocates, some experts warn of potential reliability issues with the shift away from baseload power generation. The closures reflect a broader trend of coal plant retirements across the U.S. as the nation moves towards a cleaner energy future.

via Fox News|

#coal-plants #energy-environment #energy-transition

energy-environment1 year ago•3 min saved

"New England's Transition to Renewable Energy: Last Coal Plants to Close by 2028"

New England's last running coal plant, Merrimack Station, will cease operations by 2028 as part of a settlement agreement, with the Schiller Station also committing to shut down its coal-fired generators by 2025. The plants will be transformed into renewable energy parks, with plans for solar and battery storage. Advocates see this as a significant win for the environment and public health, while the company aims to transition to clean energy facilities and optimize the grid for reliability without current plans to use gas.

via New Hampshire Public Radio|

#coal-plants #emissions-compliance #energy-environment

energy-environment1 year ago•4 min saved

"Big Oil Executives Criticize Energy Transition Efforts as 'Failing Fantasy'"

At the Cera Week conference in Houston, top oil and gas executives criticized the push to move away from fossil fuels, dismissing the transition to clean energy as unrealistic and emotionally driven. They emphasized the importance of continued investment in oil and gas, while downplaying the potential of renewable energy sources. Climate campaigners denounced the executives' comments, accusing the industry of hindering the transition to renewable energy. Despite the urgent need to reduce emissions, the executives focused on carbon capture and hydrogen technologies, while the industry's actions indicate a lack of commitment to reducing emissions.

via The Guardian|

#cera-week-conference #clean-energy #climate-crisis

energy-environment1 year ago•2 min saved

"ExxonMobil CEO Urges IRA Tax Credits to Make Green Hydrogen Competitive"

ExxonMobil and Aramco CEOs expressed skepticism about the affordability of green hydrogen as a replacement for fossil fuels, citing high costs and a lack of willingness to pay for emissions reduction. They emphasized the need for significant government incentives and long-term offtake agreements to make renewable hydrogen financially viable, and criticized the current energy transition strategy as failing. Additionally, Exxon stated it would not produce blue hydrogen without changes to proposed guidelines for accessing hydrogen production tax credits, raising questions about the eligibility of blue hydrogen for subsidies.

via Hydrogen Insight|

#aramco #energy-environment #energy-transition

energy-environment1 year ago•1 min saved

"Oil Executives Warn of Risk to Texas Hydrogen Project Without Tax Credits"

Exxon Mobil CEO Darren Woods stated that the company's proposed low-carbon hydrogen project in Texas may not proceed if the Biden administration withholds tax incentives for natural gas-fed facilities, arguing that the Inflation Reduction Act should provide credits for "blue" hydrogen produced from gas with carbon capture. Woods emphasized the need for a balanced approach to reducing emissions and transitioning to a low-carbon energy system, cautioning against favoring certain technologies over others. He also mentioned Exxon's interest in establishing the value of Hess' Guyana stake and potentially buying it after arbitration.

via Seeking Alpha|

#emissions-reduction #energy-environment #exxon

energy-environment1 year ago•3 min saved

"DOE Grants $2.3 Billion Loan for Nevada Lithium Mine, Boosting Electric Vehicle Push"

The U.S. Energy Department has conditionally approved a $2.26 billion loan to Canada-based Lithium Americas for the construction of a controversial lithium mine in Nevada, which holds the largest known U.S. deposit of the metal crucial for electric vehicle batteries. This loan aims to support the development of a lithium carbonate processing plant at the Thacker Pass mine, contributing to President Biden's renewable energy agenda and reducing U.S. reliance on fossil fuels. Despite opposition from environmental groups and Native American tribes, the project is moving forward, with the potential to support the production of batteries for up to 800,000 electric vehicles annually and create economic opportunities.

via The Associated Press|

#biden-administration #electric-vehicles #energy-environment

energy-environment1 year ago•4 min saved

"New York's South Fork Wind Farm Powers Up as First Large-Scale Offshore Project"

America's first commercial-scale offshore wind farm, South Fork Wind, is officially open 35 miles east of Montauk Point, New York, marking a turning point for the industry and paving the way for a succession of large wind farms. The project, developed by Ørsted and Eversource, can generate 132 megawatts of offshore wind energy to power more than 70,000 homes. With the Biden administration's approval of six commercial-scale offshore wind energy projects, and New York's selection of two more projects to power over 1 million homes, offshore wind is central to national and state plans to transition to a carbon-free electricity system.

via NPR|

#clean-energy #climate-change #energy-environment

energy-environment1 year ago•8 min saved

"US Government Allocates $750 Million to Boost Hydrogen Industry Across 24 States"

The U.S. Department of Energy has announced $750 million for 52 projects across 24 states to support the clean hydrogen industry, aiming to reduce costs and create over 1,500 new jobs. These projects, funded by the Bipartisan Infrastructure Law, will advance electrolysis technologies and manufacturing capabilities, reinforcing America's global leadership in clean hydrogen. The investments are part of President Biden’s plan to tackle the climate crisis, create jobs, and strengthen America’s manufacturing competitiveness. The projects will also support disadvantaged communities and contribute to reducing harmful emissions.

via Energy.gov|

#biden-harris-administration #clean-hydrogen #climate-crisis

energy-environment2 years ago•3 min saved

"Record High Global EV Sales in 2023 Curb Oil Demand, IEA Reports"

The International Energy Agency's analysis shows that the deployment of clean energy technologies, including electric vehicles, solar, wind, and nuclear power, has significantly curbed the rise in global emissions over the last five years. In 2023, 1 in 5 new car sales globally were electric vehicles, contributing to a decrease in oil demand. Despite a rise in energy-related emissions, the expansion of clean energy technologies has helped limit the increase, with renewables playing a crucial role in reducing emissions. Advanced economies saw a record decline in emissions in 2023, driven by strong renewables deployment, coal-to-gas switching, and energy efficiency improvements. The IEA's executive director emphasized the resilience of the clean energy transition in the face of challenges such as the pandemic, energy crisis, and geopolitical instability.

via Electrek.co|

#clean-energy #emissions #energy-environment