⛽ NEW FUELS
1️⃣ Hydrogen's future remains murky despite home heating projects in Alberta and Ontario - It seems like a no-brainer to use clean-burning hydrogen to offset the environmental negatives of natural gas for warming homes, but pilot projects to do just that starting next year illustrate nothing is simple about this trendy new energy source.
As companies consider ways to commercialize hydrogen as a cleaner alternative fuel and projects advance in Fort Saskatchewan, Alta., and Markham, Ont., most observers concede it will take time and government support to overcome its cost competitiveness issues and lack of infrastructure.
2️⃣ Green hydrogen is gaining traction, but still has massive hurdles to overcome - Hydrogen is a clean-burning molecule, meaning that it can help to decarbonize a range of sectors that have proved hard to clean up in the past. But today, 99% of hydrogen is still made using fossil fuels, usually through a pollution-heavy process.
❄️ LNG & Natural Gas
1️⃣ Australia's LNG exports at nine-month high - even with the 13 billion floating LNG venture offline - Total LNG shipments increased from 6.22mn t in September when the LNG plants at Gladstone were undertaking significant maintenance. The increase to 7.04mn t, which is just below the record monthly high of 7.22mn t set in January, comes despite the Shell-operated 3.6mn t/yr Prelude floating LNG venture remaining off line. The plant offshore Western Australia is unlikely to restart before next year, and has been off line since February.
2️⃣ India's first FSRU-based LNG import terminal to open early 2021 - India’s first LNG import terminal, based on an floating storage and regasification unit (FSRU), will begin operating in March, following the delivery of Höegh Giant by Höegh LNG Holdings Ltd in Q1 2021.
3️⃣ Qatar- Natural gas will continue to be cornerstone in the low-carbon energy transition - In remarks at the 7th Ministerial Gas Forum that was inaugurated and attended by H E Tan Sri Muhyidden Yassin, Prime Minister of Malaysia, H E Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, said energy will continue to be key to global growth and development on the road to recovery in the post-Covid world, and that natural gas will continue to be a cornerstone in the low-carbon energy transition.
🦠 Synthetic Fuels, Ammonia, Methanol & BioFuels
1️⃣ Green ammonia: Pathways to successful project development and financing - Demand for more environmentally friendly fertilizers is rapidly increasing, amid growing environmental regulations, especially those aimed at emissions abatement. The drive for a green recovery after Covid-19 has also served to generate unprecedented momentum behind hydrogen technologies as a tool for global decarbonisation. Both factors have led to a rapid escalation in the race to develop green ammonia projects. Green credentials alone will not be sufficient for all to achieve financing, and developers should develop a solid business case from the outset.
☀️ RENEWABLE GENERATION & SUPPLY
1️⃣ Scottish renewable energy park plans include biomass, AD facilities - Plans have been unveiled to build a large-scale renewable energy park in northeast Scotland, incorporating biomass and anaerobic digestion (AD) facilities.
The energy park, to be developed by Edinburgh-based Holistic Energy, is designed to deliver 150-200 MW of green energy to supply the Scottish grid, with the capacity to power tens of thousands of homes.
🔋 Energy Storage
1️⃣ U.S. energy storage firm Stem nears $1.35 bln deal to go public - U.S. artificial intelligence-driven energy storage company Stem Inc is nearing a deal to go public through a merger with blank-check acquisition company Star Peak Energy Transition Corp at a valuation of around $1.35 billion, according to people familiar with the matter. Stem was founded in 2009 and provides an energy storage system which allows users to automatically switch energy usage between battery and grid power, based on an artificial intelligence platform dubbed “Athena.” Its backers include Activate Capital, BNP Paribas and GE Ventures.
🔆 Solar Power
1️⃣ One step towards renewable energy: Solar plant at Hubballi airport to generate power by April 2021 - (India) The installation of an 8-megawatt ground-mounted grid-connected photovoltaic solar plant is in full swing and it is all set to make the airport self-reliant in terms of electricity generation.
2️⃣ Lead-Free Perovskite Solar with No Heavy Metal Concerns Generates Power Indoor - Perovskite solar has been under the spotlight in recent years owing to its simple manufacturing process and the expeditiously surging conversion efficiency, though such technology has yet to enter an extensive commercialization due to the incorporation of heavy metal lead, which is one of the concerns for the environment. Chinese and UK scientists have targeted at this particular issue recently by developing a form of lead-free perovskite solar that can be used indoor and is more eco-friendly.
3️⃣ North Sea seaweed gets greener with world's first floating solar project - Floating solar technology is being used for the first time to power a seaweed farm, off the coast of the Netherlands. Billed by its developer Oceans of Energy as a “world-first for sustainable, multifunctional use of space in the North Sea”, the PV-powered aquaculture plant, developed with the Seaweed Company 12km off Scheveningen in the north of the country, aims to be an “example for the future [designs]” of offshore energy complexes in northern Europe.
🌊 Wave, Ocean, Hydro & Tide
1️⃣ Scotland and Basque region partner on wave funding - The Basque region of Spain and Scotland are collaborating on a five-year project called EuropeWave to provide €20m to for wave energy concepts.
EuropeWave aims to use a ‘pre-commercial procurement’ approach to identify and fund the most promising wave energy devices from developers across Europe.
💨 Wind Power
1️⃣ Eni buys 20% of Dogger Bank wind power project from SSE, Equinor - Italy’s Eni is buying a 20% stake in the Dogger Bank Wind Farm project from Norway’s Equinor and Britain’s SSE as it seeks to gain expertise in the sector and cut its greenhouse gas emissions 80% by 2050.
2️⃣ TenneT Issues Call for BorWin6 Platforms - TenneT TSO GmbH has issued a tender notice for the design, manufacture, installation, and commissioning of the BorWin6 converter platforms.
Located in the North Sea Cluster 7, the 900 MW BorWin6 is scheduled to be commissioned by 2027.
3️⃣ First Monopile Stands at Yunlin Offshore Wind Farm - Sapura Energy Berhad has installed the first of the 80 monopiles at the 640 MW Yunlin wind farm offshore Taiwan.
4️⃣ Paris primed to launch 1GW offshore shoot-out - France will launch its 1GW fourth round Normandy offshore wind tender by the end of year, a senior industry source has confirmed.
The government will officially confirm its intention to go ahead with the tender with a notice in the Journal Officiel, probably within the next few days, and will launch the tender procedure by the end of December, the source said.
Two main zones off Normandy were identified following the public consultation - one off the coast of Barfleur and one off Fecamp.
5️⃣ Construction of Les Alizés Begins - Jan De Nul and China Merchant Heavy Industry (CMHI) have begun the construction of the 5,000-tonne floating installation crane vessel Les Alizés.
Les Alizés is specifically designed for loading, transporting, lifting, and installing offshore wind turbine foundations.
It will be capable of building the newest generation of offshore wind farms once delivered in April 2022, but is also suitable for decommissioning offshore oil & gas platforms.
6️⃣ Vestas strikes 42MW Finnish deal - Vestas has won a 42MW turbine order for the Langnabba wind farm in Finland from Vind AX.
The project will be located on the Aland Islands in the Baltic Sea between the Finnish and Swedish mainland and will feature 10 V136-4.2MW machines on 112-metre towers.
The contract covers supply, installation and commissioning and includes a 25-year active output management 5000 service agreement as well as a VestasOnline Business SCADA solution.
7️⃣ Orsted to sell 25% in giant US Ocean Wind project to New Jersey utility PSEG - Danish offshore wind champion Orsted has closed a deal to sell 25% in one of the largest offshore wind project in the US, the 1.1GW Ocean Wind project, to New Jersey’s Public Service Enterprise Group (PSEG) for an undisclosed sum.
♻️ CARBON CAPTURE & CIRCULAR TECH
💎 Carbon Capture
1️⃣ CCS technology on the rise for a third year - The total capacity of carbon capture and storage (CCS) facilities operating and under development has grown by 33% world-wide over the last year.
That’s according to new findings released by international think tank, the Global CCS Institute who also reports that there are a total of 65 commercial CCS facilities in various stages of development globally.
🔄 Recycling, Waste & Circular Tech
1️⃣ Tired of it: The ugly truth about waste tires - Think about the tires on your car. How much space do those four tires take up if you stack them up? Now imagine six million tires stacked up. That’s how many waste tires are generated every year... in Louisiana. In the United States, the total reaches over 300 million.
🏦 POLICY & INVESTMENTS
💰 Investments & Funding
1️⃣ Hydrogen finance maturing from day trading to M&A - Spurred on by policy announcements, the early flag-waving of these strategic investors could be key in attracting the heavy-hitting infrastructure funds and investment managers that for decades have funneled billions into energy infrastructure globally.
1️⃣ Low-carbon processes advance in Europe - DSM and Neste have formed a partnership to replace a “significant” portion of the fossil fuel used to make some of DSM’s polymers with feedstock Neste derives from waste plastics, oils, and fats. The partners aim to substitute several thousand metric tons (t) of feedstock with fossil-derived feedstock in the near term.
2️⃣ Shipping's green investment 'gaining traction', says Clarkson - “LNG’s case as a legitimate ‘stepping stone’ to meet emissions targets is supported by port facility investment: we now record 124 ports with LNG bunkering facilities, up from 114 at the start of the year and forecast at 170 by 2022, and also project that the LNG bunkering fleet will double in size in the next two years,” Clarkson Research wrote. “We are also monitoring other port facility upgrades like onshore power.”
🧩 Tech and R&D