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Inside the Global Race to Tap Potent Offshore Wind

Cars That Think

One day soon, a platform 50 times as large may float in the deep waters of the North Sea, buoying up a massive wind turbine to harvest the steady, strong breezes there. About an hour’s ride up the coast, full-scale 3,000-tonne behemoths already float in Aberdeen Bay, capturing enough wind energy to electrify nearly 35,000 Scottish households.

Wind 112
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 billion, level with 2019 despite falling unit prices.

2020 259
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Wind-to-Hydrogen Tech Goes to Sea

Cars That Think

Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables. Some of the wind farms instead sit in clusters more than 100 kilometers out at sea.

Wind 83
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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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The technology has been vetted and validated, technically and financially, by leading global institutions including the US Export-Import Bank, Barclays and Deutsche Bank, and Shell New Energies’ gasification experts. Waste is a global problem, clogging waterways, contaminating oceans, packing landfills and polluting skies.

Waste 448
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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Global cumulative energy storage installations. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar. In the near term, renewables-plus-storage, especially solar-plus-storage, has become a major driver for battery build. Source: BloombergNEF.

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EU investing €1.8B in 17 large-scale clean tech projects

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The selected projects are located in Bulgaria, Finland, France, Germany, Iceland, the Netherlands, Norway, Poland and Sweden. emissions coming from exhaust gases produced during lime production and store them permanently in offshore geological formations in France. A third project will capture the CO?

Clean 334