February 24 NEC Energy News
¶ “Scotland’s Renewable Share Is The Best In Europe – So Why Are Energy Bills So High?” • Scotland’s renewable technologies covered 113% of its overall electricity demand in 2022, according to statistics from the Scottish Government. The reason is that bills are so high is that energy is a reserved matter, Scotland cannot create its own market. [inkl]
¶ “Nuclear Plan May Miss Nation’s Energy Goal By A Decade” • Australia could miss its zero-emission energy target by more than a decade if it pursues nuclear power, according to a Climate Change Authority report, and could add two billion tonnes of carbon emissions to the environment by 2050. It could help increase the speed of climate change. [Yahoo]
¶ “Nuclear Dreams Dim: Why NuScale Power’s Descent Matters” • Once a promising beacon in the nuclear energy landscape, NuScale now stands as a testament to how swiftly fortunes can change on the market floor. Its stock price has fallen 17.5%, as news came that the US DOE has reduced its budget by $124 million, stifling investments. [Jomfruland.net]
¶ “EU Support To Boost Ukraine Renewables Expansion” • The European Commission offered a support package to Ukraine to secure its energy system and enable its full integration within the European energy market. This package will allow for the full coupling of Ukraine’s electricity market, together with Moldova’s, with the EU by early 2027. [reNews]
¶ “New New Perovskite Solar Treatment Cuts The Cost Of Solar Power By 10%” • Despite Pres Trump’s views, falling costs are keeping renewables head toward domination of the global economy. Most recently, the US startup BlueDot Photonics has created a perovskite solar formula that allows a 16% increase in the solar conversion efficiency. [CleanTechnica]
¶ “UK Net Zero Growth Outstrips Overall Economy” • The net zero sector is growing three times faster than the overall UK economy, analysis commissioned by the Energy and Climate Intelligence Unit shows. The net zero economy grew by 10% in 2024 and generated £83 billion in gross value added, with £28.8 billion directly from net zero businesses. [reNews]
¶ “Big Oil Must Deliver The Goods Under Landmark Climate Litigation Ruling” • A federal magistrate judge has ruled that a first-of-its-kind lawsuit against ExxonMobil, Shell, and other leading oil firms can proceed to the discovery stage, opening a window into a decades-old curtain of industry efforts to keep the public in the dark about climate change. [CleanTechnica]
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