Coal, Gas Sink As New York Sails Into Offshore Wind Power Mega-Deal
While New York State signs the biggest offshore wind deal in US history, more signs of trouble loom on the horizon for coal and natural gas power plants.
While New York State signs the biggest offshore wind deal in US history, more signs of trouble loom on the horizon for coal and natural gas power plants.
Norwegian oil, gas, and wind company Equinor has announced this week that it will partner with Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) to develop the 200 megawatt (MW) floating offshore wind project Donghae 1 off Ulsan in South Korea.
The best carbon capture site in the world, Norway’s Sleipner facility run by Equinor, creates 25 times more CO2 from natural gas than was sequestered. And is paid for the gas and the sequestered CO2.
British electrical power generation company Drax Group announced Monday it will partner with Norwegian energy company Equinor and National Grid Ventures on the United Kingdom’s first zero carbon cluster in Humber built around a large-scale carbon capture usage and storage network and a hydrogen production facility.
The 385 megawatt (MW) Arkona offshore wind farm was officially opened Tuesday after Siemens Gamesa Renewable Energy completed the installation of 60 of its 6 MW offshore wind turbines in record time, taking only five months to complete installation and commissioning, which was well ahead of schedule.
Equinor and Hanon Systems have joined the Volta Energy Technologies global energy storage investor consortium, it was recently announced. Equinor is an international energy company and Hanon is a global automotive supplier. Volta CEO Jeff Chamberlain answered some questions for CleanTechnica about the new additions.
If You Think Hydrogen As Energy Carrier Means Trouble, Try Ammonia — New Research From Denmark Shows How
At the same time that oil and gas majors around the world are announcing plans to tie company climate action to employee remuneration, these same companies are still rewarding executives for pursuing traditional growth that will inevitably lead to stranded assets and financial loss for investors.
Norwegian oil, gas, and wind company Equinor announced just before Christmas that it is exercising an option to acquire a 50% interest in the 1,560 megawatt (MW) Bałtyk I offshore wind farm located in the Baltic Sea off the coast of Poland.
Two new reports published within days of one another have outlined the difficulties inherent in continuing anything close to “business-as-usual” for oil and gas companies around the world, and the increasing pressure to begin transitioning to low-carbon operations.