Energy Update
While the world waits for cost-effective and scalable long-duration energy storage to support the around-the-clock deployment of power generated by renewable sources, fossil fuels will continue to play a significant role in the energy mix to provide reliability to the grid and industries.
Contributed by Won Shin, Vice President of Products, ONYX Insight
Originally published on ILSR.org
Shell has signed agreements to deploy more than 800 MW of solar power generation in the U.K.
The company signed a framework agreement with Green Power to develop 700 MW of utility-scale solar projects with potential co-located battery storage. A separate agreement with Clearstone Energy will deploy 100 MW of utility-scale solar generating capacity in the South-East of England with potential co-located battery storage, as well.
The Global Innovation Lab for Climate Finance (the Lab) launched six innovative finance solutions to drive private capital towards climate action in developing economies.
The six instruments seek to unlock $380 million in climate finance from commercial, concessional, and philanthropic investors for sustainable energy access, food systems, and urban infrastructure.
This Lab cohort also includes instruments with a regional focus on Brazil and Southern Africa.
Governments need to move faster and more decisively on policy measures to enable low-carbon hydrogen to help the world reach net-zero while boosting energy security.
This is according to the latest report released by the International Energy Agency (IEA), Global Hydrogen Review 2021, that states the nascent hydrogen market is on the cusp of significant cost declines and widespread global growth.
Contributed by Jared Wigginton
Federal wildlife laws present significant obstacles to developing and operating wind energy and transmission projects. Although not intended to, these projects inevitably will harm or kill (“incidentally take”) some protected migratory birds, eagles, and/or other species. To shield themselves from liability for this incidental take, developers must obtain and comply with permits.
Massachusetts has found early success with its behind-the-meter energy storage incentive program.
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