November 26 NEC Energy News
¶ “Record Year Projected For US Solar In 2024” • The American Clean Power Association has released a report that predicts a record-breaking year for the US solar industry, with over 32 GW of new systems in 2024. The Solar Market Monitor, a market analysis of the US utility-scale solar industry, was produced by S&P Global Commodity Insights. [reNews]
¶ “Singapore Told Not To Be A Guinea Pig For Small Modular Reactors” • Singapore, with Asia’s smallest land area, should not be a test bed for small modular reactors in its push to diversify its energy mix away from oil, given the high cost and safety risks of nuclear power, said energy analysts at the Institute for Energy Economics and Financial Analysis. [MSN]
¶ “Wärtsilä Joins New Consortium To Explore Hydrogen-Argon Power Cycle For Net-Zero Power Generation” • In the Argon Power Cycle, the air is replaced by argon and oxygen. The new research focuses on scaling up an Argon Power Cycle to medium speed engines with full argon recovery. Argon enables higher thermodynamic efficiency. [Wärtsilä]
¶ “COP29 Climate Deal: Historic Breakthrough Or Let-Down?” • Relieved COP delegates from rich countries applauded after a last-minute pledge in which rich countries will ‘take the lead’ in climate finance to poor countries of at least $300 billion each year by 2035. Some low-and middle income countries, such as China, will be expected to contribute. [Nature]
¶ “TotalEnergies Halts Adani Investments” • French energy giant TotalEnergies has halted investments into the Adani Group after the Indian business was hit with allegations of corruption. The US filed criminal charges against chairman Gautam Adani and seven other people over allegations they agreed to pay around $265 million in bribes. [reNews]
¶ “CSIRO Spin-Off Raises Record Amount To Fund Solar Heat And Power Tech, Get Industry Off Gas” • A new concentrated solar thermal company spun out of Australia’s national science agency, CSIRO, promises zero emissions, 24/7 heat, and power that is competitive with gas. FPR Energy launched after raising $15 million in venture capital. [RenewEconomy]
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