Six new companies joined the H2Zero pledges to accelerate the use of decarbonized hydrogen
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The Intergovernmental Panel on Climate Change (IPCC) issued a report at the end of February titled “Climate Change 2022: Impacts, Adaptation and Vulnerability.” Among the warnings found in the 3,675-page report is that human-induced climate change is causing dangerous and widespread disruption in nature and affecting the lives of billions of people around the world, despite efforts to reduce the risks.
“When we look at the quantitative evidence, we clearly see that global average temperatures and sea levels have risen over the last 150 years, and that we are still on that trend. We also see that climate models cannot replicate historical observed global and continental changes without the human-related inputs, such as greenhouse gas emissions and land use activity,” Dr. Steven Rose, senior research economist and technical executive in the Energy Systems and Climate Analysis Group at the Electric Power Research Institute (EPRI), who was also one of the lead authors of the IPCC report, told POWER.
“The evidence that climate change is affecting society and ecosystems has grown and is continuing to grow.…
Rising concerns about the effects of climate change, pledges to net-zero carbon emissions, and commitments to reducing greenhouse gases populate our energy landscape. Many would agree that hydrogen has the potential to help solve all. From its energy efficiency, lack of emissions, and access readiness to representing the most plentiful energy source on earth and throughout the galaxy—ultimately, hydrogen has the greatest potential to transform energy, utilities, and resources (EUR).…
The post Companies Accelerate Shutdown of Chilean Coal Plants appeared first on POWER Magazine.
Italy’s Enel is decommissioning one of its coal-fired power plants in Chile two years sooner than originally planned, with the unit’s closure coming two days after the Chile-based unit of a U.S. utility announced it would accelerate the closure of a pair of coal-fired power plants in the country.
Enel on Dec. 31 is closing its 128-MW Bocamina 1 coal-fired power station. The company also is awaiting authorization from Chile’s National Energy Commission (CNE) to close its 350-MW Bocamina 2 plant in May 2022.
AES Gener on Dec. 29 said it would close both the 120-MW Ventanas 1 and 220-MW Ventanas 2 coal-fired generating facilities ahead of schedule, with Ventanas 1 going offline immediately, and Ventanas shutting down in 2022, instead of 2024 as originally scheduled. The Chilean government over the past year has been working with several generators in the country, including AES Gener, Enel, ENGIE, and Colbun, to gradually phase out coal-fired power generation in the South American nation.…
The post Continued Toll on Coal; More Companies File Bankruptcy appeared first on POWER Magazine.
The struggling U.S. coal industry, decimated by falling demand for the fuel from the power generation sector, and hit hard by low prices during the coronavirus pandemic, saw two more mining companies declare bankruptcy this week.
White Stallion Energy, which operates in Indiana and Illinois, and Lighthouse Resources, a coal company with mines in Wyoming and Montana, filed for bankruptcy in the U.S. Bankruptcy Court in Wilmington, Delaware, on Dec. 2 and Dec. 3, respectively. The U.S. Energy Information Administration (EIA) has reported that the nation’s power sector consumed 30% less coal in the first half of 2020 than during the same period last year, as demand for electricity fell due to the pandemic, and natural gas and renewable energy continued to take market share from coal.
“In light of the challenging market conditions and other impacts on our business from COVID-19, we have been required to reduce costs and reorganize our business, resulting in the reduction of our workforce in Montana,” Lighthouse CEO Everett King said in a statement.…