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OMNI Features|Colorado Announces $7.7 Million Grant Awards for 35 Geothermal Projects.European Commission Approves €1.4bn in Funding for Hydrogen Transportation.Taiwan Chiayi Enacts Net-Zero Emissions Ordinance Pioneers Zero Emission School Drop-Off Zones
Jun. 03 2024
OMNI Features|Colorado Announces $7.7 Million Grant Awards for 35 Geothermal Projects.European Commission Approves €1.4bn in Funding for Hydrogen Transportation.Taiwan Chiayi Enacts Net-Zero Emissions Ordinance Pioneers Zero Emission School Drop-Off Zones
Colorado Governor Jared Polis and the Colorado Energy Office have announced $7.7 million in grant awards through the Geothermal Energy Grant Program for 35 innovative geothermal projects in the state. The list of projects cover a wide range of geothermal applications with the grants divided as such: Single-structure geothermal heat pump installations – $947,000;Interconnected thermal energy networks between buildings – $3.57 million;Geothermal electricity generation – $3.22 million. Awardees are expected to invest more than $100 million into the awarded projects to leverage the state investment.
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Taipower Responds to Former Supervisor's Claims on Taipower's 4th Nuclear Power Plant Restart Feasibility
Jun. 03 2024
Taipower Responds to Former Supervisor's Claims on Taipower's 4th Nuclear Power Plant Restart Feasibility
In response to recent statements by a former supervisor of Taiwan Power Company (Taipower) regarding the feasibility of restarting the 4th Nuclear Power Plant (Lungmen Nuclear Power Plant), Taipower emphasized the need for practical and cautious handling of the issue. The former supervisor stated that the plant could be reactivated in 3 years with a budget of NT$30 billion; these claims lack professional evaluation and oversimplify the significant safety considerations involved.
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The Geothermal Exploration Development Permit and Management Regulation Has Been Officially Announced
Jun. 03 2024
The Geothermal Exploration Development Permit and Management Regulation Has Been Officially Announced
On May 13, 2024, Taiwan's Ministry of Economic Affairs (MOEA) announced the "Geothermal Exploration Development Permit and Management Regulation," clarifying the administrative procedures for geothermal exploration and development to create a supportive environment for geothermal energy growth.
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OMNI Features|KHE's Indonesia Kayan Cascade Hydropower Project Seeks New Partner.IMF: Fossil Fuel Subsidies Reach a Record $1.4 Trillion in 2022.Prospects of 23 GW Solar Capacity in the Middle East by 2024
Jun. 03 2024
OMNI Features|KHE's Indonesia Kayan Cascade Hydropower Project Seeks New Partner.IMF: Fossil Fuel Subsidies Reach a Record $1.4 Trillion in 2022.Prospects of 23 GW Solar Capacity in the Middle East by 2024
The cooperation between KHE and Sumitomo for the development of the Kayan Cascade project in North Kalimantan province, in the Indonesian parts of Borneo, was announced in October 2022. The project includes plans to construct five dams on the banks of the Kayan river to produce a total of 9 gigawatts of electricity, which would make it the largest hydropower station in Southeast Asia if completed. Sumitomo has invested 270.9 billion rupiah ($16.7 million) in KHE, according to a legal document. According to KHE, the company hopes to complete the first phase of the Kayan Cascade project by 2029. Due to delays in negotiations, both parties have decided to terminate their partnership.
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OEG Renewables and SOMAC Sign MoU to Provide Renewable Solution for Japan's Offshore Wind Market
May. 31 2024
OEG Renewables and SOMAC Sign MoU to Provide Renewable Solution for Japan's Offshore Wind Market
OEG Energy Group Limited ("OEG", the "Group"), a leading offshore solutions business, is pleased to announce the signing of a Memorandum of Understanding (MoU) between OEG Renewables (OEGR) and Sojitz Machinery Corporation (SOMAC) in relation to the provision of pre-construction, operations and maintenance (O&M) and vessel services to offshore wind projects in Japan.
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OMNI Features|Shell Plans Job Cuts in Offshore Wind Business as CEO Refocuses on Oil and Gas.China National Nuclear Power Starts Work on the Largest Domastic Offshore Solar Farm
May. 31 2024
OMNI Features|Shell Plans Job Cuts in Offshore Wind Business as CEO Refocuses on Oil and Gas.China National Nuclear Power Starts Work on the Largest Domastic Offshore Solar Farm
Shell Plc is preparing to cut staff from its offshore wind business as Chief Executive Officer Wael Sawan moves the company away from the capital-intensive renewable energy sector. The British oil major is set to begin the layoffs within months, mainly in Europe.
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MOENV: Carbon Fee Aims to Reduce Emissions and Promotes Industry Transformation by Referencing International Practices
May. 30 2024
MOENV: Carbon Fee Aims to Reduce Emissions and Promotes Industry Transformation by Referencing International Practices
On April 29 of this year, the Ministry of Environment (MOENV) announced the draft of 3 supplementary regulations for the collection of the carbon fee. Civic groups are concerned about the implementation timeline and accompanying measures for the carbon fee. The MOENV reiterated that accelerating the implementation of the carbon fee is a current policy priority. Under the existing legal framework, the MOENV has referenced the carbon pricing experiences of the EU, Singapore, and South Korea to develop a carbon fee system and various tools to promote diverse emission reductions. The MOENV emphasized that the primary purpose of the carbon fee is to accelerate emission reductions and facilitate industry transformation, not to increase national fiscal revenue. The MOENV explicitly requires industries to submit concrete emission reduction plans when drafting relevant supplementary systems.
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OMNI Features|DOE Philippines and USAID Ink Nuclear Energy Pact.Sumitomo Invests in Norwegian Offshore Wind Support Vessel Operator IWS Fleet.The World's First Hydrogen-Powered Tugboat "Hydrotug 1" to Aid Port of Antwerp-Bruges in Achieving Carbon Neutrality
May. 29 2024
OMNI Features|DOE Philippines and USAID Ink Nuclear Energy Pact.Sumitomo Invests in Norwegian Offshore Wind Support Vessel Operator IWS Fleet.The World's First Hydrogen-Powered Tugboat "Hydrotug 1" to Aid Port of Antwerp-Bruges in Achieving Carbon Neutrality
The Department of Energy (DOE) has partnered with the United States Agency for International Development (USAID) to enhance the cooperation in nuclear energy between the Philippines and the US. As the 2 countries already signed a Civil Nuclear Cooperation Agreement or the 123 Agreement in November 2023. The 123 Agreement allows the US to transfer nuclear equipment and components to the Philippines for peaceful use.