- “Today’s fossil fuel investment spending is now more than double the levels needed in the Net Zero Emissions by 2050 Scenario,” the International Energy Agency says.
- Over the past few years, high profile figures have made their feelings on fossil fuels known.
- In June 2022, the U.N. Secretary General slammed new funding for fossil fuel exploration.
Read More at cnbc.com
- Chinese electric vehicle maker Nio has invested in a startup firm that is developing fusion technologies, according to a source with direct knowledge and a company filing, placing more bets in other areas of the energy sector.
- The newly established company, Neo Fusion, will research and develop technologies that aim to bring controlled fusion for commercial uses globally in two decades, the source said.
Read More at reuters.com
- Offshore wind farms in the North Sea were powered down to a maximum of just two rotations per minute on May 13, according to Dutch authorities.
- The initiative uses a number of tools to determine when turbine output should be reduced.
- “This is an international first, nowhere in the world are wind farms at sea shut down to protect birds during massive bird migration,” Rob Jetten, the Netherlands’ minister for climate and energy policy, says.
Read More at cnbc.com
- In recent years, major economies like the U.S. have laid out goals to ramp up floating wind installations.
- Disrupting the wind power industry is a colossal task that will require significant investment, time and patience.
- Floating offshore wind faces a range of challenges, not least the incredibly harsh environment turbines need to operate in.
Read More at cnbc.com
- According to researchers at Imperial College London, wind turbines provided 32.4% of Britain’s electricity in the first three months of the year.
- Gas, a fossil fuel, was responsible for 31.7% of the electricity fuel mix.
- Energy firm Drax says it’s the first time wind has “provided the largest share of power in any quarter in the history of the country’s electricity grid.”
Read More at cnbc.com
