October 11 NEC Energy News
¶ “$1.5 Trillion Needed Yearly To Hit COP28 Targets” • A report found despite unprecedented renewable energy deployment in 2023, progress still falls short to triple renewables by 2030, with current national plans and targets set to deliver only half of the required number, and an investment of more than $1 trillion per year is needed to get back on track. [reNews]
¶ “AI May Not Need Nuclear Power Feeding, New Algorithm Slashes Energy Use By 95%” • A research team at BitEnergy AI has developed a promising technique to drastically reduce AI’s energy use. The new method, known as Linear-Complexity Multiplication, optimizes the mathematical operations that run AI, so AI may not need nuclear power. [MSN]
¶ “The Wave Energy Dam Is Beginning To Bust Wide Open” • The power of ocean waves has been beckoning renewable energy innovators since the early 2000s, and now their work is starting to pay off. So far, it has been modest demonstrations, but the Israeli startup Eco Wave Power is looking at a 400-MW wave energy opportunity in Taiwan. [CleanTechnica]
¶ “Wildlife Populations Decline By 73% In 50 Years: Study” • The average size of global wildlife populations has declined by 73% in 50 years, a study by the World Wildlife Fund found. The study, the 2024 Living Planet Report, monitored wildlife populations of 5,495 species of amphibians, birds, fish, mammals, and reptiles between 1970 and 2020. [ABC News]
¶ “Ørsted And SRP Open Largest Co-located Solar And Battery Storage Project On Salt River Project Power Grid” • Ørsted and Salt River Project opened the Eleven Mile Solar Center, a 300-MW solar project with a 300-MW, 1200-MWh battery energy storage system in Arizona. Ørsted is investing $20 billion in US energy capacity. [CleanTechnica]
¶ “Hurricane Milton Damage Emerges After Storm Passes Into Atlantic Ocean” • The damage that emerged after Milton struck Florida’s west coast include loss of the roof of Tropicana Field in St Petersburg, a number of deaths of people at a senior living community in St Lucie County, and destruction of a 10,000-square-foot sheriff’s facility. [ABC News]
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