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Tidewater Renewables Touts RNG Projects Partnership (Ind. Report)
Tidewater Renewables
Date: 2022-04-13
On the Canadian prairies, Calgary, Alberta-based Tidewater Renewables is reporting a strategic RNG and feedstock partnership with Rimrock RNG and Rimrock Cattle Company (RCC).

The partnership will secure feedstock supply for both Tidewater's RNG and Renewable Diesel business units while accelerating the diversification of Tidewater's RNG low carbon-intensity fuels product offering. The partnering firms plan to evaluate and construct several projects across North America through RNG Facilities Partnership, a separate partnership.

Under the agreement, Tidewater will invest $30 million in 4 quarterly payments and hold a 50 pct ownership stake in of RCC. (Source: Tidewater Renewables, PR, Website, April, 2022) Contact: Tidewater Renewables, (587) 475-0210, info@tidewater-renewables.com, www.tidewater-renewables.com

More Low-Carbon Energy News Tidewater Renewables,  RNG,  Renewable Diesel,  


USask to Produce Ag Waste, Woody Biomass RNG (Ind. Report, R&D)
University of Saskatchewan,Tidewater Renewables
Date: 2022-03-07
On the Canadian prairies, Prof. Dr Ajay Dalaia, a researcher from the University of Saskatchewan (USask) is working with Calgary-headquartered Tidewater Renewables ltd. to develop a novel integrated process to produce RNG from Alberta's abundant crop and lumbering and forestry residues which alone produce approximately 24 tpy of woody biomass. The goal is to help decarbonize the heating and power production sectors by replacing non-RNG with biomethane and help Canada's transition to a low-carbon economy.

Prof.Dalai is developing a novel integrated process that uses anaerobic digestion and thermochemical gasification methods to produce RNG. The biomethane produced in this way is identical to the methane in natural gas and can be directly injected into existing natural gas networks.

Tidewater Renewables is providing $150,000 per year for three years for the project. Dalai is seeking Natural Sciences and Engineering Research Council of Canada grant funding for the project. (Source: University of Saskatchewan, PR, Mar., 2022) Contact: Prof. Dr Ajay Dalai, University of Saskatchewan, College of Engineering and Canada Research Chair of Bioenergy and Environmentally Friendly Chemical Processing, 306-966-4771, ajay.dalai@usask.ca, www.engineering.usask.ca; Tidewater Renewables Ltd., (587) 475-0210, info@tidewater-renewables.com, www.tidewater-renewables.com

More Low-Carbon Energy News RNG,  Biomass,  Woody Biomass,  


Appleton Climate Task Force Releases Recommendations (Ind. Report)
Climate Change
Date: 2022-01-21
In Wisconsin, the City of Appleton (pop. 74,200) Task Force on Resiliency, Climate Mitigation and Adaptation has released its report and recommendations the city follows to lessen the impact of climate change and make the city more adaptable to the results of climate change. The following are among the 50 recommendations:
  • Create a Climate Resiliency staff position to assist in city planning with an eye on mitigating climate impact and coordinating efforts with neighboring counties and establish a Climate Change advisory commission, made up of community members, to continue the work started by the task force;

  • Commit to renewable energy goals and transitioning to 100 pct renewable energy sources by 2040 and promote renewable energy with small-scale energy sources for private properties -- including solar arrays, community solar projects, micro-wind and geothermal -- and neighborhood microgrids for energy distribution.

  • Establish land development policies to preserve woodlots, including standards of natural woodland spaces in residential zoning districts; expand and improve urban forest, including identifying streets with less tree cover and focus on areas with “tree inequity” and conserve and expand prairie landscape, including growing prairie plants and tall grasses on the terrace between curb and sidewalk;

  • Prioritize Green building certifications with new construction, including analysis during pre-design phase planning of the cost and return on investment of implementing a green rating system and modernize the city's plumbing infrastructure to use low flow fixtures, stop leaks, and monitor and decrease water usage. Now that the report has been created, the task force's work is completed. That leaves the decisions of what happens with the report up to Appleton city leaders.

    Download the full report HERE (Source: City of Appleton, 19 Jan., 2021) Contact: City of Appleton, Kami Lynch, City Clerk, 920 832-6443, www.appleton.org

    More Low-Carbon Energy News Carbon Emissions,  Climate Change,  Climate Change Mitigation,  Renewable Energy,  Energy Efficiency,  


  • DEWA's Massive MBR Solar Park Advancing (Int'l. Report)
    Dubai Electricity and Water Authority
    Date: 2022-01-17
    In the UAE, the Dubai Electricity and Water Authority (DEWA) reports it has increased the production capacity of the first project of the fifth phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park from 300 MW to 330 MW.

    The Solar Park's fifth phase will generate sufficient power for more than 270,000 residences in Dubai and will reduce carbon emissions by 1.18 million tpy. The Park is expected to be completed in 2023, according to DEWA.

    In November 2019, DEWA announced the consortium led by ACWA Power and Gulf Investment Corporation as the Preferred Bidder to build and operate the 900MW 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park, using photovoltaic solar panels based on the Independent Power Producers (IPPs) model. To implement the project, DEWA established Shuaa Energy 3 in partnership with the consortium led by ACWA Power and Gulf Investment Corporation. DEWA owns 60 pct of the company and the consortium owns the remaining 40 pct. (Source: DEWA, PR, 16 Jan., 2022) Contact: DEWA, Saeed Mohammed Al Thayer, CEO, Waleed Bin Salman, VP Business Development, www.dewa.gov.ae

    More Low-Carbon Energy News Dubai Electricity and Water Authority,  Solar,  


    Alberta Invests $131Mn in CCS, CCUS Projects (Ind. Report)
    Technology Innovation and Emissions Reduction Fund
    Date: 2021-11-19
    On the Canadian prairies, the government of Albert reports it is investing $131 million, through its Technology Innovation and Emissions Reduction (TIER) fund, in the Alberta Industrial Energy Efficiency and Carbon Capture Utilization and Storage (CCUS) program, in projects designed to help cut and prevent carbon emissions . The following projects have been selected to receive a total $100 million in program funding, with an additional $31 million earmarked for other CCUS projects before the year end:
  • Advantage Energy -- Glacier Gas Plant Carbon Capture and Storage and Waste Heat Recovery in Hythe;

  • Ember Resources -- Ember Engine Emissions Reduction Program at multiple facilities throughout east/central Alberta;

  • Imperial Oil -- Kearl ConDex Full Scale Oil Sands Mine Installations in Fort McMurray;

  • NuVista Energy -- Wembley Cogeneration and Waste Heat Recovery Project in Wembley;

  • Strathcona Resources -- Lindbergh T70 Cogeneration Expansion in Elk Point;

  • TC Energy -- Turney Valley Generating Station in Turner Valley;

  • Tidewater Midstream -- BRC Integrated Steam Methane Reforming (SMR)-CCS-Cogeneration Project in Cynthia

    TIER is Alberta's industrial greenhouse gas emissions pricing and emissions trading system. It's funded by large industrial facilities which account for more than 60 pct of the prairie province's total emissions. (Source: Gov. of Alberta, TIER, PR, CBC , 18 Nov., 2021) Contact: TIER, www.albertainnovates.ca

    More Low-Carbon Energy News Alberta Technology Innovation and Emissions Reduction,  CCS,  CCUS,  Carbon Emissions,  


  • DEWA Solar Park Testing Tesla Battery Energy Storage (Int'l.)
    DEWA, Tesla
    Date: 2021-10-04
    In the UAE, the Dubai Electricity and Water Authority (DEWA) reports it is piloting a 1.21MW/8.61MWh energy storage system using Tesla lithium-ion batteries at the Mohammed bin Rashid Al Maktoum Solar Park, the world's largest renewable energy project, in Dubai. The project is DEWA's second battery pilot at Mohammed bin Rashid Al Maktoum Solar Park .

    The pilot is intended to test how energy storage can be used to diversify the utility's energy mix at a time when calls for the decarbonisation of the energy sector are increasing. By using energy storage, utilities are able to expand their portfolio of renewables and thereby move away from fossil-fueled energy generation, the release notes. (Source: DEWA, PR, PEI, 4 Oct., 2021) Contact: Tesla, Tesla Power Pack, www.tesla.com/en_CA/powerpack; DEWA, Saeed Mohammed Al Thayer, CEO, www.dewa.gov.ae

    More Low-Carbon Energy News DEWA,  Tesla Battery,  Energy STorage,  


    Dubai Solar Park Tesla Energy Storage Facility Online (Ind. Report)
    DEWA, Tesla
    Date: 2021-09-27
    In the UAE, he Dubai Electricity and Water Authority (DEWA) reports it has activated a 1.21 MW/8.61 MWh Tesla lithium-ion battery energy storage facility at its 5 GW Mohammed bin Rashid Al Maktoum Solar Park, the largest solar project in the Middle East to date.

    The Mohammed bin Rashid Al Maktoum Solar Park is expected to include concentrated solar power (CSP) units and hydrogen facilities when completed and fully online in 2030. Presently, the solar park has 1,013 MW of generation capacity in operation. (Source: DEWA, PR, 27 Sept., 2021) Contact: Tesla, Tesla Power Pack, www.tesla.com/en_CA/powerpack;DEWA, Saeed Mohammed Al Thayer, CEO, www.dewa.gov.ae

    More Low-Carbon Energy News DEWA,  Solar,  CSP,  Tesla,  Battery Energy Storage,  


    Siemens Gamesa Claims Major Indian Wind Turbine Order (Int'l.)
    Siemens Gamesa,ReNew Power
    Date: 2021-07-21
    Madrid-based wind turbine manufacturer Siemens Gamesa reports receipt of a major order for 180 units of its new SG3.4-145 wind turbines from ReNew Power for two projects in Karnataka State, India. Ninety-three units for the Tondehal project in the Koppal district, and 87 units for the 301 MW Hombal project in the Gadag district, for delivery in 2022.

    Siemens Gamesa and ReNew power first partnered in 2012 for a 22 MW wind farm in the state of Maharashtra.Since that time Siemens Gamesa has developed wind farms for ReNew power across five wind-rich states in the country which are powered by turbines ranging from the company's legacy 850 kW turbine to its latest SG 3.4-145 turbine. Today, with over 1 GW of commissioned capacity of wind projects, Siemens Gamesa serves over 30 pct of ReNew's wind portfolio. (Source: Siemens Gamesa, PR, reve, 20 July, 2021) Contact: Siemens Gamesa, Navin Dewaji, India CEO, Madhu Kumar, madhukumar.boppana@siemensgamesa.com, +91 443 924 244, www.siemensgamesa.com; ReNew Power Limited, Ms. Vaishali Nigam Sinha, Chief Sustainability Officer, +91 124 489 6670/80, info@renewpower.in, www.renewpower.in

    More Low-Carbon Energy News Siemens Gamesa,  ReNew Power,  


    DEWA Claims Sixth LEED Green Building Certification (Int'l.)
    DEWA, US Green Building Council
    Date: 2021-06-28
    In the UAE, the Dubai Electricity and Water Authority (DEWA) is reporting receipt of the 2021 USGBC Regional Leadership Award from the US Green Building Council (USGBC) -- its sixth green building with LEED ratings.

    DEWA’s new headquarters under construction, is slated to be the tallest, largest, and smartest government Net Zero Energy building in the world when completed, according to past DEWA statements. (Source: DEWA, ZAWYA, 27 June, 2021) Contact: DEWA, Saeed Mohammed Al Thayer, CEO, www.dewa.gov.ae; US Green Building Council, Mahesh Ramanujam, Pres., CEO, (202) 552-1500, www.usgbc.org

    More Low-Carbon Energy News DEWA,  LEED Certification,  US Green Building Council,  USGBC,  Energy Efficiency,  


    DEWA Touts Solar Powered Green Hydrogen Project (Int'l. Report)
    DEWA,Siemens Energy
    Date: 2021-05-21
    In the UAE, the Dubai Electricity and Water Authority (DEWA) and Siemens Energy are reporting inauguration of the Middle East's first industrial-scale, solar-powered green hydrogen project. Using power provided by the 1,013MW Mohammed bin Rashid Al Maktoum Solar Park (MBR), the pilot plant is expected to produce around 20.5kg of hydrogen per hour.

    DEWA aims to use the project to demonstrate the production of green hydrogen from solar power, as well as the storage and re-electrification of hydrogen. The plant can accommodate future applications and test platforms for the different uses of hydrogen, including potential mobility and industrial uses.

    Roughly 1,850MW of solar capacity is currently under construction at the MBR mega-project, which will reach 5GW when fully operational in 2030 and be the world's largest single-site solar plant. (Source: DEWA, PR, May, 2021) Contact: DEWA, Saeed Mohammed Al Tayer, CEO, www.dewa.gov.ae; Siemens Energy AG, www.siemens-energy.com/global/en.html

    More Low-Carbon Energy News Siemens Energy,  Solar,  DEWA,  CSP.Energy Storage,  Hydrogen,  


    Topsoe HydroFlex Tech. Selected for Tidewater Renewable Diesel Plant (Ind. Report)
    Topsoe, Tidwater Midstream
    Date: 2021-04-16
    In Denmark, Haldor Topsoe reports it has contracted with Calgary-based Tidewater Midstream for the delivery of its HydroFlex technology to be utilized in a new 3,000 bpd renewable diesel -- from a variety of 100 pct feedstocks -- facility to be constructed at Tidewater's existing Prince George, British Columbia refinery -- subject to final investment decisions. The facility is expected to be Canada's first commercial-scale stand-alone renewable diesel plant.

    Topsoe's HydroFlex is the industry-leading technology for production of renewable jet and diesel provides lower CAPEX, lower OPEX, lower carbon intensity (CI) score, better diesel yield, and can be deployed in both grassroots units and revamps for co-processing or stand-alone applications, according to the company. (Source: Haldor Topsoe, PR, Website, Biofuels Int'l., 15 Apr., 2021) Contact: Tidewater Midstream, Joel MacLeod, CEO, (587) 475-0210, jmacleod@tidewatermidstream.com, www.tidewatermidstream.com; Haldor Topsoe, Roeland Baan, CEO, Ulrik Frohlke, Media, +45 27 77 99 68, ulfr@topsoe.com, www.topsoe.com

    More Low-Carbon Energy News Topsoe,  Renewable Diesel ,  


    Alfa Laval Claims Singapore Wastewater Treatment Order (Int'l.)
    Alfa Laval
    Date: 2020-12-28
    Lund, Sweden-based heat transfer, centrifugal separation and fluid handling specialist Alfa Laval reports receipt of an order to supply decanters which will be used for "dewatering and thickening domestic and industrial sludge" at a wastewater treatment plant in Singapore. The order is valued at approximately SEK 75 million ($9.045 million) and is scheduled for 2022 delivery. (Source: Alfa Laval PR, 28 Dec., 2020) Contact: Alfa Laval, Johan Lundin, +46 46 36 65 10, www.alfalaval.com

    More Low-Carbon Energy News Alfa Laval news,  


    DEWA Touts Dubai Solar Park's Energy Storage Capacity (Int'l.)
    DEWA
    Date: 2020-11-30
    In the UAE, the Dubai Electricity and Water Authority (DEWA) is reporting the 950 MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park will have the largest energy storage capacity in the world of 15 hours.

    The concentrated solar cower (CSP) park features the world's tallest solar power tower and molten salt receiver (MSR) at 262.44 meters, the lowest levelized cost of electricity (LCOE) of $7.3 cents per kWh for the 700MW CSP and $2.4 cents per kWh for the 250MW photovoltaic solar panels.

    The park incorporates three hybrid technologies to produce clean energy -- 600MW from a parabolic basin complex (three units of 200MW each), 100MW from a solar power tower (based on Molten Salt technology), and 250MW from photovoltaic solar panels. The facility will supply sufficient power for 320,000 residences and help cut 1.6 million tpy of carbon emissions when fully operational in Q3, 2121. (Source: Dubai Electricity and Water Authority, PR, Trade Arabia, 29 Nov., 2020) Contact: Dubai Electricity and Water Authority, www.dewa.gov.ae

    More Low-Carbon Energy News Solar,  DEWA,  CSP.Energy Storage,  


    Indian Researchers Developing Microalgae Biodiesel (Int'l, R&D)
    National Institute of Technology
    Date: 2020-08-24
    In New Delhi, Dr. T. Mathimani from the National Institute of Technology, Tiruchirappalli, Tamil Nadu, reports his research team have isolated predominant strains of marine microalgal species -- Picochlorum sp., Scenedesmus sp., Chlorella sp. -- from the coastal regions of Tamil Nadu for their potential in terms of total organic carbon content, and Triacylglycerides (TAG) content for biodiesel production.

    Researchers are focusing on other microalgal candidates for their multiple biotechnological potentials and switchable polarity solvent (SPS) system based lipid extraction. SPS is an energy-efficient switchable solvent that can be recovered devoid of any thermal processes and can be reused as green solvent for algal lipid extraction. Metabolic engineering approaches can be used to escalate TAG accumulation for increasing biodiesel yield, and magnetic nanocomposite can be used for several cycles of algal dewatering, and its treated culture suspension can be reused to scale down the biodiesel production cost significantly. The group will now formulate a roadmap by which biodiesel can be produced commercially and can be put in an energy market sustainably, according to the release. (Source: National Institute of Technology, India Educational Diary, 24 Aug., 2020) Contact: India National Institute of Technology, Dr. T. Mathimani, +91 172 509 0513, www.nitt.edu

    More Low-Carbon Energy News Amicroalgae news,  Algae news,  BiodieselBiofuel news,  


    DEWA, ACWA Ink 900MW MBR Solar Park Phase 5 PPA (Int'l. Report)
    ACWA Power,Dubai Electricity and Water Authority
    Date: 2020-05-08
    The Dubai Electricity and Water Authority (DEWA) is reporting a 25-year PPA with Riyadh, Saudi Arabia-based ACWA Power for 900MW Phase 5 of the Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park). A consortium of ACWA Power and Gulf Investment Corp are the preferred bidder to build and operate Phase 5 of the solar park.

    DEWA in partnership with the consortium led by ACWA Power and Gulf Investment Corporation had established Shuaa Energy 3, in which it owns 60%, and the consortium owns the remaining 40%. The project will use the solar photovoltaic (PV) bifacial technologies, which allows solar radiation to reach the front and back of the panels, with single-axis tracking to increase generation. The project is expected to be commissioned in stages from Q3 2021.

    Touted to be the largest single-site strategic renewable energy project in the world, the 5,000 MW, $13.6 billion MBR Solar Park is based on the independent power producer (IPP) model. (Source: ACWA Power, Construction Week OnLine, 3 May, 2020) Contact: ACWA Power, Paddy Padmanathan, CEO, +966 11 2835555, +966 11 2835500 - fax., twitter.com/acwapower, www.acwapower.com; Dubai Electricity and Water Authority, www.dewa.gov.ae

    More Low-Carbon Energy News ACWA Power,  Dubai Electricity and Water Authority,  PV,  Solar,  


    DEWA Claims $353.9Mn in Energy-Energy Efficiency Savings (Int'l.)
    DEWA
    Date: 2020-03-18
    In the UAE, the Dubai Electricity and Water Authority (DEWA) has posted cumulative energy-energy efficiency savings of 2.2TWh of electricity and 7.8 billion gallons of water between 2009 and 2019 -- equivalent to $353.9 million in cost reductions, and 1.136 million tonnes of carbon emissions. The savings equate to an annual electricity consumption from approximately 327,000 apartments and annual water consumption of 250,000 apartments, DEWA stated on its website.

    The savings are in line with the Dubai Clean Energy Strategy 2050 to provide 75 pct of Dubai's total power output from clean energy by 2050 and cutting emissions by 16 pct in 2021.

    DEWA also reports its Etihad Energy Services Company (Etihad ESCO) will retrofit more than 30,000 buildings in Dubai by 2030 to make them energy-efficient. (Source: DEWA, Construction Week, 17 Mar., 2020) Contact: DEWA, www.dewa.gov.ae

    More Low-Carbon Energy News DEWA,  Energy Efficiency,  


    DEWA Touts New Solar, Energy Efficiency R&D Center (Int'l. Report)
    Dubai Electricity and Water Authority
    Date: 2020-03-11
    In the UAE, the Dubai Electricity and Water Authority (DEWA) reports the opening of the 5-GW Mohammed bin Rashid Al Maktoum Solar Park research, testing and certification facility focused on solar power, energy efficiency, and the integration of smart grids.

    DEWA claims that the new R&D center is the largest, most comprehensive solar testing and certification facility in the UAE. (Source: DEWA, 10 Mar., 2020) Contact: DEWA, www.dewa.gov.ae

    More Low-Carbon Energy News Dubai Electricity and Water Authority,  Solar,  Energy Efficiency,  Smart Grid,  


    Liquid Filled Energy Efficient Window Tested (New Prod & Tech)
    Bulgarian Academy of Sciences
    Date: 2019-12-02
    The Bulgarian Academy of Sciences in Sophia reports it is testing energy efficient window panes filled with a constant flow of 70 litres of distilled water and 30 litres of ethylene glycol, which serves as antifreeze.

    The window panes also act as an individual solar collectors using solar cells to absorb solar radiation and turn it into thermal energy to heat the building's interior. The advantage of using liquids instead of air inside the glass is that water is denser, so it absorbs infrared light in a broader range.

    The technology is being tested for an extended period at the InDeWag experimental building pavilion in Sofia. InDeWaG -- Industrial Development of Water Flow Glazing Systems -- Innovation action project is funded under Horizon 2020, a Public Private Partnership on "Buildings Design for New High Energy Performance Buildings." (Source: euronews, European Commission, 2 Dec., 2019) Contact: InDeWag, www.indewag.eu; Bulgarian Academy of Sciences, Miglena Nikolaeva-Dimitrova, www.bas.bg

    More Low-Carbon Energy News Energy Efficiency,  


    Dubai Joins Building Efficiency Accelerator Initiative (Int'l.)
    Dubai Supreme Council of Energy
    Date: 2019-09-11
    The Dubai Supreme Council of Energy reports it has joined the Building Efficiency Accelerator (BEA) Initiative, which is pledged to double the rate of energy efficiency improvement in the building sector by 2030.

    The BEA Initiative was launched by The World Resources Institute (WRI) and Johnson Controls (JCI) to increase awareness and adoption of building energy efficiency programs. The Initiative aims to build market awareness and action on local government leadership by example, particularly in the developing world, local benchmarking and sustainable building certification and labeling approaches, innovative financing to support efficiency investments and distributed energy systems at the building and community scale. (Source: Dubai Supreme Council of Energy, DEWA, Aug., 2019) Contact: Dubai Supreme Council of Energy , Saeed Mohammed Al Tayer, Vice Chairman, DEWA CEO, www.dubaisce.gov.ae ; World Resources Institute, www.wri.org; Johnson Controls, Clay Nesler, (855) 324-3650, www.johnsoncontrols.com; Building Efficiency Accelerator Initiative, www.buildingefficiencyaccelerator.org

    More Low-Carbon Energy News Johnson Controls,  World Resources Institute ,  Energy Efficiency,  Dubai Supreme Council of Energy,  DEWA,  


    Stanford, DEWA Collaborate on Solar Energy R&D (R&D, Int'l)
    DEWA,Stanford University
    Date: 2019-08-07
    In the UAE, the Dubai Electricity & Water Authority (DEWA) reports it's Research and Development Center will collaborate with California's Stanford University on radiation cooling to improve the efficiency and performance of solar panels. The research will include the utilization of autonomous robots in monitoring and maintaining solar power plants, and the use of artificial intelligence (AI) to forecast the performance and production of photovoltaic solar plants in the short term.

    The DEWA R&D Centre, situated at the Mohammed bin Rashid Al Maktoum Solar Park, also has renewable and alternative energy co-operation agreements with the U.S. DOE National Renewable Energy Laboratory (NREL), the Spanish National Renewable Energy Centre, as well as the United Arab Emirates University and Khalifa University.

    The UAE National Strategy for Artificial Intelligence 2031 aims to position the UAE as a global leader in AI by 2031; the Dubai Clean Energy Strategy 2050 aims to diversify the country's energy mix and provide 75 pct of Dubai's total power output from clean sources by 2050. (Source: DEWA, MEP Middle East, Stanford, DEWA, Aug., 2019) Contact: DEWA, Saeed Mohammed Al Tayer, MD and CEO, www.dewa.gov.ae; Stanford, www.stanford.edu

    More Low-Carbon Energy News DEWA,  Solar,  Stanford,  PV,  


    UK Exploring Funding Options to Drive Renewables, CCUS (Int'l)
    Low-Carbon Energy, UK Department for Business, Energy & Industrial Strategy (BEIS)
    Date: 2019-07-29
    In London, the UK Department for Business, Energy & Industrial Strategy (BEIS) is touting renewable and nuclear energy fund proposals it says are critically important in reaching net-zero emissions. The proposals explore the use of the Regulated Asset Base (RAB) finance approach to attract significant private investment in major infrastructure projects like the Thames Tideway Tunnel which used the RAB model to reduce the cost of financing and risk for developers while limiting the long term impact on consumer energy costs.

    The RAB funding model could also be used to reduce the costs of carbon dioxide storage. A funding model similar to the Contracts for Difference scheme, which provides developers with a set price for low-carbon electricity will be explored alongside other options to deliver investment in Carbon Capture Usage and Storage (CCUS) power projects while cutting emissions. The government aims to roll out the technology at scale by the 2030s, subject to costs coming down, as part of its commitment to become a net-zero emissions economy by 2050.

    To that end, the government has committed £170 million towards deploying technologies like carbon capture and hydrogen networks in industrial clusters to support establishment of the world's first net-zero industrial cluster by 2040. Additionally, industry will consider investing up to £261 million in new technologies to reduce emissions. Plans have also been announced to make it easier to recycle oil and gas infrastructure for use in CCUS projects, including using some of the 20,000 km of pipelines and depleted oil and gas reservoirs to transport and store CO2. Great Britain is aiming to completely phase out coal by 2025. (Source: UK Department for Business, Energy & Industrial Strategy (BEIS) , PR, 23 July, 2019) Contact: BEIS, +44 0 20 7215 5000, enquiries@beis.gov.uk, www.gov.uk/government/organisations/department-for-business-energy-and-industrial-strategy

    More Low-Carbon Energy News CCUS,  CCS,  CO2,  Carbon Dioxide,  Net-Zero Emissions,  BEIS,  

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