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New Offshore Wind Projects Poised to Contribute to Energy Transition
Category: Business News
Power generation from offshore wind turbines is projected to increase 700% over the next 10 years. Developing local supply chains in Europe and the U.S. will increase efficiency, reduce costs and help drive a green recovery, post-Covid-19. Global offshore wind capacity is set to surge to over 234 GW by 2030, from 29.1 GW at […]
Source: World Oil
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U.S. Steel, Norway’s Equinor Eye Clean Hydrogen Production
Category: Business News
OSLO, June 29 (Reuters) – Norway’s Equinor (EQNR.OL) and U.S. Steel Corp (X.N) will examine the potential for developing clean hydrogen production in Ohio, Pennsylvania and West Virginia, the two companies said on Tuesday. The companies have signed a memorandum of understanding to assess the technological and commercial possibilities for hydrogen and carbon capture and storage (CCS) and screen […]
Source: Reuters
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Norway’s Statnett Sees Decarbonisation Drive Boosting Power Prices and Demand
Category: Business News
OSLO, June 30 (Reuters) – Norway’s power grid operator Statnett (STASF.UL) on Wednesday raised its long-term forecast for power demand and prices, partly to reflect increased electricity consumption needed for decarbonisation projects, such as batteries and hydrogen. Statnett’s updated forecast projected a European carbon price of 70 euros per tonne in 2030, up 35 euros […]
Source: Reuters
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Why Norway Leads In EVs—And The Role Played By Cheap Renewable Electricity.
Category: Business News
In the Superbowl ad with Will Ferrell, the comedian punches his fist through Norway’s location in a globe of the world. The ad took potshots at Norway because its number of electric vehicles (EVs) per capita exceeded those in the US. But GM, who sponsored the ad, warned that the US is coming: GM plans on 30 […]
Source: Forbes
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Equinor to Spend More on renewables as Oil Output Rises
Category: Business News
OSLO, June 15 (Reuters) – Equinor (EQNR.OL) will speed up investments in renewable energy and low carbon solutions as new oil and gas comes onstream ahead of peak production in 2026, the company said on Tuesday as the pressure mounts to prove it can adapt to a greener future. Read full article.
Source: Reuters
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