Terrestrial Energy’s Post

https://lnkd.in/gzuX6ahn Every big tech company is either going to: a. Break their clean energy commitments b. Start investing in or out right buying nuclear power plants for clean energy c. Stop the AI machine c. is pretty much a non-starter... so will it be firing up coal and natural gas or finding a way to make nuclear power work?

My hot take today is about a little noticed announcement the U.S. Department of Energy (DOE) released quietly today. It has reopened an opportunity to fund carbon dioxide transportation networks. This is a positive and a much-needed development because Cipher reporting earlier this year revealed that many of the carbon storage projects are not just dependent on securing permits but also on delivering the captured CO2. Aware of the paucity of transport networks, DOE itself noted, the U.S. will need to capture and permanently store approximately 400–1,800 million metric tons of CO2 annually by 2050 to meet its commitments. https://lnkd.in/ef7JPEgr In other top reads by my colleagues, Cat Clifford highlighted a Bloomberg article that spotlights how Holtec International, a company involved in making nuclear waste storage casks, is now looking to revitalize a nuclear plant headed for decommissioning. And Bill Spindle reported about an upcoming gathering of corporate heads of fossil fuel and tech companies. We try to stay on top of breaking news about the global developments in the cleantech and climate space and share them with you so continue reading our Top Reads and Hot Takes at Cipher News. Cheers!

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What tragic double speak by the utilities, who are relying on experimental nuclear tech in their IRPs/Carbon Plans. Nobody is guaranteed highest profits and my son's generation can't wait for end of life for fossil fuel power plants so that utilities can wring out every drop of profit from those dinosaurs. Let's get community solar and energy efficiency going instead. https://lnkd.in/gXRmjx4Y

Seven European countries pledge CO2 free power systems by 2035. In 2022, the EU produced 2 641 TWh (terawatt-hours) of electricity with almost 40% of this coming from renewable sources. Fossil fuels made up 38.6% and nuclear electricity over 20% with Gas as the main fossil fuel used to generate electricity (19.6%), followed by coal (15.8%). The EU has recently increased both its target for Renewable Energy Generation and increased the requirement for each EU state to have 15% (up from 10%) of its annual installed generating capacity as interconnects with other EU states. With total installed generating capacity expected to grow past 1 TW for the first time in the EU in 2024, this would indictate +150MW of interconnects between EU states, something that is currently a long way from happening. With seven European countries now pledging to have CO2 free power systems by 2035, and the EU’s power networks becoming increasing connected, this will place a premium on the development of grid infrastructure, interconnects between EU states and large scale energy storage projects that can deliver capacity. https://lnkd.in/eB3h7bwG

🌍 Exciting insights from today's RFI webinar featuring industry giants: Microsoft, Google, and Nucor Corporation! These companies are not just talking about sustainability; they're taking concrete actions towards achieving 24/7 matched carbon-free energy (24/7 CFE). 🌿 It is a very focused innovative approach that can bring global rewards by accelerating the energy transition. The highlight? Their commitment to consider a price premium for 24/7 CFE showcases a real dedication to driving the energy industry towards a more sustainable future. This willingness to invest more for the health of our planet is a powerful statement about the values driving their operations. It's an essential takeaway for all of us in the industry: transitioning to sustainable energy sources might come with higher initial costs, but the long-term benefits for our planet and future generations are invaluable. 💡 Let's take a moment to appreciate the leadership and vision paving the way for a greener, cleaner future. Action is setting a precedent for what responsible energy consumption should look like. Thanks to Taylor Leyden, Michelle Chang, Chad Eaton, Tina Zuzek-Arden, David Edimo, Jamie Manley, Karen Mistry, Ben Pickett for their participation. #Sustainability #RenewableEnergy #GreenTech #Microsoft #Google #Nucor #IndustryLeaders #CleanEnergy

“NRC, one of the largest papers in the country, published a lengthy piece on June 14 warning that the Netherlands’ green transition is driving up electricity demand more quickly than needed supporting infrastructure can be built, a situation that will likely lead to grid reliability issues if the status quo is maintained over the coming years. The authors describe how a transition away from affordable, reliable and conventional energy resources and toward green energy generation — like solar and wind — is teaming up with growing demand attributable to the country’s push to electrify industry and other parts of everyday life could overwhelm the country’s power system” Australians we have this problem coming too! Lift the nuclear bans.

China, the USA, and Europe collectively account for a large portion of global carbon emissions, each adopting unique strategies to combat this environmental challenge. Here's an overview. https://lnkd.in/eXrWQMWu #CO2emissions #renewableenergy #climatechange #carbonreduction #China #USA #Europe #carboncapture #cleanenergy #greenhousegases #environmentalpolicy #electricvehicles #carbonneutrality #carbonpricing #globalwarming #nuclearenergy #nuclear

This is a game changer in green energy.

if you are interested in how the energy empires fight back here is a lovely collection of ten fake green strategies. But be critical; hydrogen from coal and gas is dirty, hydrogen from hydro or solar PV and natural hydrogen reservoirs are green. The ten stories are true, but not true cost and not complete but focused on gas, oil and coal producers. Still, worth reading to learn how the (coal and oil) energy empires fight back!