The transition away from fossil fuels is a priority for European energy utilities and industries alike, but there is a reality gap—the need for more investment to meet clean energy goals
Anna Platonova’s Post
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The “how” of the transition to clean energy matters a lot, as investments will have to be made across the utility value chain—from energy generation to transmission & distribution to the grid edge. We are watching closely as state and federal regulators and utilities make their next moves. https://lnkd.in/eQ5kWADW
Coming Clean: The Highs and Lows of the Clean Energy Transition
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Some fascinating insights at the Future Energy Forum encompassing Government, Industry, CRC, and other representative forums and presentations this morning, in support of energy transition to Nett Zero
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“We have added massive renewables and now the reserves of the systems are just gone and we need to add more infrastructure so that we can continue with the transition” -Leo Birnbaum on Euronews 👇 Today, our electrification rate stands at 23%, but we must accelerate to achieve decarbonisation. Currently, we are investing around €35 billion per year in our electricity distribution system, but this figure needs to rise to €70 billion annually. However, not investing would prove far more costly. Without a grid ready for the #energytransition, we risk facing bottlenecks, spiking energy prices, and diminished industrial competitiveness across Europe. 📺 Watch the full episode of #TheBigQuestion with Hannah Brown: https://lnkd.in/eG9dcARJ #energytransition #electricity #decarbonisation #electrification
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Rethinking Assets in the Oil Industry: Transforming liabilities into sustainable energy. Abandoned and orphaned oil and gas wells have long been viewed as liabilities—nonproductive, hazardous remnants of the past. But California-based Geo2Watts is challenging this notion by repurposing these old wells into valuable assets. Geo2Watts envisions a future where these wells are transformed into thermal energy storage systems, harnessing the power of solar energy and sand to generate electricity. This innovative approach not only mitigates environmental hazards but also paves the way for sustainable energy solutions. Read on for more: https://heyor.ca/AgHc5T #Sustainability #CleanEnergy #OilIndustry #EnergyInnovation
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Global investment in clean energy is on track to reach an unprecedented $2 trillion in 2024, nearly doubling the amount allocated to fossil fuels, according to the International Energy Agency (IEA) latest report. Read more: https://lnkd.in/gJztjRBm Fatih Birol #CleanEnergy #CleanEnergyMarket #RenewableEnergy #SustainabilityNews
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The landscape of the clean energy industry has evolved tremendously in the past decade, with a more competitive market landscape and increased local opposition to development. Learn from Director of Development Alan Moore about how we are navigating these challenges to continue building momentum for the energy transition. Apex Explains:
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The U.S. Energy Information Administration projects that somewhere between 81% and 95% of new electric-generating capacity added from 2022 to 2050 will be powered by zero-carbon technologies. Prologis is doing its part – rooftop solar and storage installations on our buildings can generate 500 MW of energy! How will all this energy flow into the grid? Read this article by our chief energy and sustainability officer to find out:
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