December 3 NEC Energy News
¶ “New CO₂ Energy Storage System Could Blow Past Li-Ion” • Carbon dioxide reaches a liquid state when compressed and it expands with a pop when released, and now the Italian startup Energy Dome is ready to harness the action for a new energy storage system that could provide far more storage at far less cost than lithium-ion batteries. [CleanTechnica]
¶ “Where Things Stand In The Effort To Restart The Palisades Nuclear Power Plant” • Holtec International, the owner of the Palisades Nuclear Power Plant, remains optimistic in efforts to restart the shuttered plant. It launched an attempt to restart operations in early 2023. The effort still continues, with some big decisions still looming. [The Holland Sentinel]
¶ “Climate Change Is Costing The US $150 Billion A Year” • In total, extreme weather events cost the US $150 billion per year, due to direct impacts such as infrastructure damage,injuries, and agricultural losses, the authors of a report estimate. And the cost of extreme weather events is expected to grow in the near term as sea levels and temperatures rise. [CNN]
¶ “How The US, Oil Industry Plans To Drastically Cut Methane Emissions” • Environmental Defense Fund President Fred Krupp said the Oil and Gas Decarbonization Compact requires oil firms to reduce their methane emissions by 80% to 90% over the next five years while providing monitoring records to an international verification body. [ABC News]
¶ “US joins in other nations in swearing off coal power to clean the climate” • US Special Envoy John Kerry announced that America was joining the Powering Past Coal Alliance, which means the Biden Administration commits to building no new coal plants and phasing out existing plants. No date was given for closing the existing plants. [ABC News]
¶ “Texas Grid Faces Winter After Failed Attempt To Get More Power Online” • The Electric Reliability Council of Texas asked companies if they were willing to bring onlin some shuttered power plants running on gas and coal and, if so, what it would cost ERCOT. As it happened, not a single company thought reviving an old power plant made sense. [KRGV]
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