February 3 NEC Energy News
¶ “Europe’s Plan To Call Natural Gas ‘Sustainable’ Triggers Backlash From Climate Campaigners” • Including natural gas and nuclear power on the EU’s green list could unlock a wave of private investment. But the plans have angered climate activists and could still be blocked by European lawmakers, who are also deeply divided over the issue. [CNN]
¶ “China’s State-Owned Nuclear Power Developer To Build Plant In Argentina” • China National Nuclear Corp, one of the nation’s two state-owned nuclear project developers, signed a contract to build a plant in Argentina based on the third-generation Hualong One reactor design. It will be Argentina’s fourth nuclear power plant. [South China Morning Post]
¶ “Koenigsegg Quark And Terrier Bring Big Power In Small Package To Electric Cars” • Christian von Koenigsegg has turned his talents to electric motors and drivetrains. One result is the Quark, a compact 3-phase electric motor measuring just 12″ by 13″ x 4.4″ (303 x 334 x 112 mm), that puts out an eye-popping 335 hp. And there is more. [CleanTechnica]
¶ “Natural Gas Spikes 16% Ahead Of Winter Storm” • Natural gas futures rose 16% on Wednesday as energy markets brace for a powerful winter storm that threatens to derail production just as demand rises. Natural gas futures closed at $5.50 per million BTUs. That’s a rise of 55% since the price sank to $3.56 on December 30. [CNN]
¶ “Australian Power Prices Now ‘Among Lowest In The World’ As Renewable Energy Drives Costs Down” • A flood of renewable energy has helped drive down household power prices to their lowest levels in almost a decade, according to analysis by the Australian Energy Council, which suggests Australia has some of the cheapest electricity in the world. [ABC]
¶ “Russia Warns Of Power Price Spike If Energy Transition Is Hasty” • A rushed transition away from fossil fuels risks driving electricity prices higher, a senior Russian official said after German government comments that an EU carbon tax may make renewables more attractive in Russia. He said any push to renewables should be gradual. [Yahoo Finance]
¶ “General Motors To Power Three Automotive Plants With Clean Energy” • GM made a new pledge to power Michigan automotive plants in Flint, Burton, and Wyoming with clean energy. GM partnered with Consumers Energy for the project. It brings GM closer to its target of sourcing 100% renewable energy in the US by 2025. [Environment + Energy Leader]
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