June 3 NEC Energy News
¶ “NRG Exits Nuclear With Sale Of South Texas Project Stake” • NRG has agreed to sell its 44% equity interest in the South Texas Project to Constellation Energy, “subject to customary purchase price adjustments.” Constellation noted that the transaction is valued at $1.75 billion, but the effective purchase price is $1.4 billion, given tax benefits. [World Nuclear News]
¶ “Ukraine’s Ticking Nuclear Time Bomb” • Of all the horrors of Putin’s war on Ukraine, the most disastrous might be his constant threat to Europe’s largest nuclear power plant. The Zaporizhzhia plant is a ticking nuclear time bomb. Through accident, attack, or sabotage it could become the worst nuclear catastrophe since Chernobyl. [Yahoo News]
¶ “Finland’s Newest Nuclear Plant Is Warming The Sea, Harming Wildlife” • The Olkiluoto 3 nuclear reactor near Eurajoki in southwest Finland began regular electricity production in April and now produces power at a rate of around 1,600 MW without emitting greenhouse gasses. But climate groups are pointing to a number of adverse effects of the reactor. [Yle.fi]
¶ “The Official Volkswagen ID. Buzz For North America Reveal!” • The Volkswagen ID. Buzz has been anticipated for a long time. Rumors, speculation, and guesses about the ID. Buzz have been coming thick and fast, in advance of the official North American reveal on June 2. Now June 2 is finally here and the official press release is out. [CleanTechnica]
¶ “How Fiber-Optic Sensing And New Materials Could Reduce Cost Of Floating Offshore Wind” • Two key concerns for floating offshore windpower are the potential to disrupt the clean energy space and how the offshore technologies would impact marine life. Researchers developed fiber-optic sensing that can monitor acoustic signals such as whale calls. [CleanTechnica]
¶ “Daimler, Toyota, And Mitsubishi To Partner On Hydrogen Tech” • Daimler and Toyota Hino are two of the biggest names in commercial trucking, and they’ve just signed an MOU with Mitsubishi Fuso that will see the acceleration of that company merging with Hino and the development of new, advanced trucking tech (hydrogen). [CleanTechnica]
¶ “Unprecented Achievement: IRENA Report Praises India’s Renewable Energy Growth ” • A recent report titled ‘Low-cost finance for energy transition,’ which was produced by the International Renewable Energy Agency, has praised India’s achievement in rolling out renewable energy capacity, calling it “unprecedented.” [The Hindu BusinessLine]
¶ “SoCal Startup Repurposes EV Batteries For Solar Power Storage” • Startup B2U Storage Solutions is repurposing EV battery packs so they can store solar energy. The company notes its approach makes renewable energy more accessible and efficient. It reduces fossil fuel dependence and can significantly reduce battery waste. [Yahoo Finance]
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