Power Surge 6.4

Power Surge 6.4

Volume 6, Issue 4
October 14, 2018 – October 20, 2018
Anushka Dasgupta '19 | Neha Chauhan '21 | Joseph Kawalec '21 | Amy Amatya '21 | Melanie Porras ‘21 | Patrick Huang ‘21


In 2015, countries present at the Paris climate summit agreed to work towards keeping global warming under 1.5°C. They also tasked the Intergovernmental Panel on Climate Change (IPCC) with determining the efforts required to achieve this goal. The I…

In 2015, countries present at the Paris climate summit agreed to work towards keeping global warming under 1.5°C. They also tasked the Intergovernmental Panel on Climate Change (IPCC) with determining the efforts required to achieve this goal. The IPCC released its 1,200-page-long report on October 8th. It reiterates the substantial difference between the effects of a 1.5°C and 2°C temperature increase and the extensive measures that must be implemented immediately. In 81 of the 90 economic models studied, for example, these include “negative emissions,” or a means of removing greenhouse gases from the atmosphere.

According to an article co-written by Julia Stasch, president of the MacArthur Foundation, and Chris Crane, CEO of Exelon, the publication of the report is an impetus for environmentalists and the energy industry to work together. They argue that a favorable solution to the crisis can be achieved by limiting carbon emissions, using nuclear power in a safe and secure way, rapidly deploying renewables, and exploring other options such as carbon-capture. The report also states that coal use must cease in the next decade, and fuels for transportation, particularly jet fuel, have to be greatly modified. The deadline for sourcing most electricity from carbon-free sources is 2050. If something isn’t done fast, the Earth could be pushed past its ecological tipping point. - MP, PH


Three decades after nuclear disaster, Chernobyl goes solar  October 5, 2018 | Reuters | Pavel Polityuk A new solar plant is opening in Chernobyl, Ukraine, just 300 feet from where one of the world’s worst nuclear disasters took place. In 1986, a fai…

Three decades after nuclear disaster, Chernobyl goes solar
October 5, 2018 | Reuters | Pavel Polityuk
A new solar plant is opening in Chernobyl, Ukraine, just 300 feet from where one of the world’s worst nuclear disasters took place. In 1986, a failed reactor test blanketed the region in nuclear material and made thousands of people vulnerable to radiation-related illnesses. The solar plant, funded by Ukranian company Rodina and Germany’s Enerparc, has around 3,800 panels and powers 2,000 apartments - a remarkable feat for a location that looked like it would never produce energy again. Evhen Variagin, the chief executive of Solar Chernobyl LLC, underscored its importance by saying, “It’s not just another solar power plant...It’s really hard to underestimate the symbolism of this particular project.” -JK


Solar And Wind Industries Unite To Rewrite Electric Market Rules, Want Fair Market, Not Subsidies October 9, 2018 | Forbes | Dipka Bhambhani Earlier this month, the Wind Energy Foundation brought solar energy experts on board and rebranded itself as…

Solar And Wind Industries Unite To Rewrite Electric Market Rules, Want Fair Market, Not Subsidies
October 9, 2018 | Forbes | Dipka Bhambhani
Earlier this month, the Wind Energy Foundation brought solar energy experts on board and rebranded itself as the Wind Solar Alliance. Now, the D.C.-based group, made up of experienced members of organized energy markets like the Federal Energy Regulatory Commission and PJM Interconnection, is trying to increase how much renewable energy can enter the wholesale electric market. In November, it will submit a plan to lawmakers, proposing changes to energy market rules. Current rules favor nuclear and coal markets for their greater consistency and availability in emergencies. The proposed changes would change electricity pricing and resource dispatch, lowering barriers of entry for renewables. -NC

How Clean Energy Demand Could Fuel Conflict in Congo
Oct 9, 2018 | CBS | Irina Ivanova
Renewable energy generation is more necessary and technologically viable now than ever, but a growing demand for the materials which make it possible could spur conflict in developing countries. High-tech devices like solar panels, turbines, and batteries contain elements such as cadmium and cobalt, which are found in rare minerals - minerals most abundant in regions that are poor, politically unstable, or under economic control from foreign groups. With clean energy and electric vehicles on the rise, mineral demand could increase by 40-fold, and without governmental regulation, countries could mirror the Democratic Republic of Congo where clean energy minerals have been linked to enough child labor and violence that they’ve been called the new “blood diamond.” The key is government regulation and supply-side control, with groups like the Solar Energy Industries Association already endorsing “conflict-free” minerals. -AA


Orsted, a Giant in Offshore Wind Farms, Makes a Move in the U.S. October 8, 2018 | The New York Times | Stanley Reed In a previous issue, we talked about the potential for offshore wind harvesting, which uses arrays of turbines planted on the seaflo…

Orsted, a Giant in Offshore Wind Farms, Makes a Move in the U.S.
October 8, 2018 | The New York Times | Stanley Reed
In a previous issue, we talked about the potential for offshore wind harvesting, which uses arrays of turbines planted on the seafloor, in the American Northeast. The major players in U.S. offshore wind include Statoil, a Norwegian multinational company, and Deepwater Wind, a subsidy of D.E. Shaw. Now, Danish energy developer Orsted has acquired Deepwater for $510 million. The union combines Deepwater’s regulatory know-how and ability to secure projects with Orsted’s experience in actuallybuilding and running such projects, and signals that offshore wind could soon take off in the U.S. as it already has in Europe. -AD

Power Surge 6.3

Power Surge 6.3

Volume 6, Issue 3
October 7, 2018 – October 13, 2018
Anushka Dasgupta '19 | Neha Chauhan '21 | Joseph Kawalec '21 | Amy Amatya '21 | Melanie Porras ‘21 | Patrick Huang ‘21


Clean Energy is Coming. What’s Exxon Waiting For? October 4, 2018 | CNN | Matt Egan European oil companies have been investing billions in renewable energy and electric vehicles, American counterparts are slow to follow suit. Why? While the clean en…

Clean Energy is Coming. What’s Exxon Waiting For?
October 4, 2018 | CNN | Matt Egan
European oil companies have been investing billions in renewable energy and electric vehicles, American counterparts are slow to follow suit. Why? While the clean energy revolution is a looming threat to big oil, the Organization of Oil Exporting Countries (OPEC) doesn’t project this substitution happening until 2040, with oil reaching peak demand 15 years from now. So, American companies think they can ride it out and remain on the offensive to maximize oil profits while Europe is playing defense by funding alternative energy projects and investing in clean energy markets. However, Chevron said it is taking “prudent actions to address [climate change],” and Exxon has this year unveiled a new biofuel campaign - whether these will result in measurable actions is to be seen. -AA

Singapore Happy to Be `Goldilocks' for Energy Usage Experiment
October 4, 2018 | Bloomberg | Dan Murtaugh and Haslinda Amin
Chan Chun Sing, Singapore’s trade and industry minister, believes his country’s size can be leveraged when it comes to reducing energy use, telling reporters, “We are in what we call a ‘Goldilocks’ position with a city of 5 million where you can try many of these new and innovative solutions.” Singapore hopes to implement change in its power grids in such a way that the experience gained can be used for larger scale projects and to inform the rest of the world. This sentiment is reflected in Singapore’s ambition: the government plans to significantly increase the country’s peak solar generation and levy a carbon tax. -PH


UK government urged not to bury nuclear waste under national parks September 28, 2018 | The Guardian | Adam Vaughan U.K. government officials will not rule out national parks when searching for a site for nuclear waste disposal, despite pushback fro…

UK government urged not to bury nuclear waste under national parks
September 28, 2018 | The Guardian | Adam Vaughan
U.K. government officials will not rule out national parks when searching for a site for nuclear waste disposal, despite pushback from conservation groups. The search by members of the Department for Business, Energy and Industrial Strategy has been renewed after a similar search five years ago was unsuccessful. Officials have responded to environmental groups’ objections, stating that the U.K. cannot afford to restrict the siting process by excluding national parks and that an underground nuclear waste facility would minimally affect the landscape. However, Roy Payne, executive director of the organization monitoring the search process, said the building of such a facility is extremely unlikely because the final decision is up to local communities. -NC


Warming from Large-Scale US Wind Power? October 4, 2018 | Science Daily | Cell Press While renewable energy is a promising alternative to coal or gas power, that “doesn’t mean that [its environmental] impacts are negligible.” A recent study is one o…

Warming from Large-Scale US Wind Power?
October 4, 2018 | Science Daily | Cell Press
While renewable energy is a promising alternative to coal or gas power, that “doesn’t mean that [its environmental] impacts are negligible.” A recent study is one of several recent papers to show that wind turbines can actually negatively affect climate by redistributing heat to the atmosphere, leading to a possible surface temperature increase of 0.24 ℃ in the continental U.S. Solar power has about a tenth of this effect, although it requires denser land use than wind energy generation, which can coexist with agriculture. Authors Lee Miller and David Keith found wind power begins to have a net positive effect on climate after a century of use, and are quick to note that it should not be ruled out. Rather, the study is the “first step in getting more serious about assessing these impacts.” -MP


Natural Gas Prices are on Fire This Week - Here’s Why October 4, 2018 | CNBC | Tom DiChristopher  Natural gas prices have been rising relatively steadily this past September, surging over 12% to the highest levels since January. However, the rise co…

Natural Gas Prices are on Fire This Week - Here’s Why
October 4, 2018 | CNBC | Tom DiChristopher
Natural gas prices have been rising relatively steadily this past September, surging over 12% to the highest levels since January. However, the rise comes at a traditionally weak period for natural gas demand, and a number of reasons may be contributing to this price “rally.” These factors include low gas stockpiles in the U.S., a hotter-than-usual autumn with air conditioners using up plenty of power, and nuclear power plant outages. With the forecast calling for an intense winter, supply and demand for natural gas will be balanced quite finely and will “take commodity investors on a roller-coaster ride.” -JK

Oil Plunges on Market-Wide Selloff, Rising Inventories
October 4, 2018 | Wall Street Journal | Dan Molinski
Oil prices had a rocky week, first hitting four-year highs on Wednesday, then dropping sharply on Thursday. As with natural gas, the high prices are a delayed response to the U.S. sanctions on Iran and countries which purchase Iranian oil. The sanctions take full effect on November 4th and may dramatically lower global oil supply. Thursday’s slight recovery was due to a new report about U.S. oil production and stockpiles, which experts underestimated earlier. Nonetheless, the Iran sanctions could mean average U.S. gas prices above $3 a gallon by the end of the year. -AD