Norwegian green power developer Statkraft will stop developing new green hydrogen projects, just the latest company to pullback on the much hyped, but very expensive technology in recent months
Read my story from December about how the bubble burst:
www.bloomberg.com/news/newslet...
#energysky
Removing these public mapping tools “is actually dumbing down the way the government works,” says Robert Verchick, a climate legal expert at Loyola University.
www.bloomberg.com/news/article...
Spanish PM Pedro Sanchez says rich energy company executives should pay to keep nuclear power plants operating if they want to keep them online
www.bloomberg.com/news/article...
#energysky
EXCLUSIVE: Europe is rearming and one country is using defense money to beef up the army's ability to fight climate change.
I found it's a growing trend
Read the story for free here:
www.bloomberg.com/news/article...
BMW stock is rising this morning after it reported results that showed EV sales up 32% in the first quarter compared to a year ago, including a 64% jump in Europe.
With Elon Musk toxic for many in Europe, Tesla's pain is BMW's gain
www.bloomberg.com/news/article...
Just the latest major blow to offshore wind as Orsted discontinues the 2.4gw Hornsea 4 project because the investment no longer adds up. This is one of the world’s biggest offshore wind farms and is critical to the UK’s energy and climate goals
www.bloomberg.com/news/article...
#energysky
Super interesting thread on the Spain blackout last week and the role of renewables and inertia 👇
The BBC spoke to locals near a big English solar farm and found the panels “do not really bother them” www.bbc.co.uk/news/article...
ICYMI from the weekend: @lauramillan.bsky.social and I looked at why most of Spain's rooftop solar owners weren't shielded from the effects of the blackout - and why most Europeans have panels that don't work when the power is off. Gift link:
Spain's wind and solar power have nearly surpassed all traditional sources. But spending on the grid has lagged behind.
During the past 5 years, Spain invested an average of $0.30 on the grid for every $1 spent on renewables, according to BloombergNEF.
www.bloomberg.com/news/article...
#energysky
💡 BLACKOUT MEGA-THREAD: Last week I was working at the Bloomberg office in Madrid when the humming of the ventilation system suddenly went quiet. That felt quite nice. But when we looked out the windows, we realized traffic lights were off. That's when we knew something serious was going on
Danish wind turbine company Vestas released its earnings statement this morning. The company, which does a lot of business in the US, said that tariffs are likely going to drive up power prices
www.bloomberg.com/news/article...
Apparently AI chat bots are getting worse, not better. Worth noting that companies like OpenAI lose tons of money and have no clear product to sell.
Worth having a listen to @edzitron.com’s podcast for a deep dive critical look at OpenAI I don’t see much
www.nytimes.com/2025/05/05/t...
Spain’s solar power output is expected to keep breaking records
It turns out that this wasn’t correct, but based on inaccurate data published by the grid operator. All generation shut off
I don't think they do have synchronous condensers on the peninsula. I know they've done some synchronous condenser stuff on the Canary Islands, but as far as I have learned, there are no synchronous condensers on mainland Spain.
It seems to me like there were at least three frequency oscillation events that the grid handled well before the grid broke. So I wonder if they had run out of tools to stabilize the grid after so many issues in a relatively short period
It's still unclear what exactly caused Spain's blackout Monday. But frequency data shows that the grid was already under stress for at least a half hour before the system broke.
www.bloomberg.com/news/article...
#energysky
While gas, coal and nuclear power stations are almost completely offline in Spain, solar and wind are providing over 80% of Spain's electricity.
Solar will also shut off come sunset, but the wind is set to pick up this evening by some lucky coincidence
#energysky
Spain's grid operator said the blackout was caused by something called oscillation. Here's a little explanation on that and how it can cause a chain reaction that leads to a blackout.
Follow the @bloomberg.com live blog on the blackout here: www.bloomberg.com/news/live-bl...
#energysky
Massive power outage happening now in Spain. Here's a chart from the Spanish grid operator showing demand plummeting (the yellow line) as the blackout started
#energysky
demanda.ree.es/visiona/peni...
Investment in renewable power surpassed investment in oil and gas back in 2020 and green power has just grown its lead since then
Read @davidfickling.bsky.social on looking past headlines that might make you think clean energy spending is down and out
www.bloomberg.com/opinion/arti...
The US set new duties as high as 3,521% on solar imports from four Southeast Asian countries, following an investigation sought by domestic solar manufacturers and initiated under former President Joe Biden.
www.bloomberg.com/news/article...
Microsoft created a new state of matter, but people think tech companies won’t be able to figure how to train and run AI models without consuming exponentially more electricity
www.nytimes.com/2025/02/19/t...
The UK government wants to cut down on red tape and let builders build.
Meanwhile the country’s only nuclear power plant under construction might be delayed again as EDF decides whether or not to build an underwater sound system for fish conservation
www.theguardian.com/business/202...
Despite Trump's anti-wind executive orders, investment in new wind farms is set to surge in the coming years. As of now, it looks like Trump will beat his own record for new wind capacity added in a four-year term
www.bloomberg.com/news/newslet...
A 95-year-old woman who survived the Nazi occupation of Ukraine, the Chernobyl disaster and the COVID-19 pandemic was killed by a driver as she crossed the street outside her Brooklyn home on Thursday.
gothamist.com/news/woman-w...
Since 2023 Capgemini has been offering employees interest-free loans of up to £5,000 to buy heat pumps or other green tech for their homes. So far only 10 out of more than 14,000 UK employees have taken them up on the offer
www.bloomberg.com/news/article...
The lawyer for an Israeli private investigator said for the first time publicly on Wednesday that her client is being prosecuted over allegations that he was hired by an Exxon Mobil lobbyist to hack emails of environmental activists www.reuters.com/world/israel...
In 2024, solar panels produced more power than coal plants in the EU. Wind beat gas for a second straight year. Data via @ember-energy.org
www.bloomberg.com/news/article...
