World - All hands on deck for the climate crisis, US offshore's 'new reality', and hydrogen's slug-out
Recharge's curation of the must-read news and analysis from the-week-that-was in the global renewables industry
Does the world need another dire warning about its too-slow progress in tackling the climate emergency and a wake-up call to act before time runs out?
In Agenda’s view the answer is yes, and global energy consultancy DNV this week obliged with its latest Energy Transition Outlook (ETO), which offers a sobering analysis of how nations squandered the chance to use Covid-19 economic stimulus packages to supercharge progress toward meeting the goals of the Paris Agreement.
World needs 'dramatically accelerated timescale' for renewables-led decarbonisation
Speaking exclusively to Recharge ahead of the ETO’s launch, DNV chief Remi Eriksen expanded on the challenges facing the energy transition, not least in tackling the toughest to decarbonise sectors of the economy through massive green and blue hydrogen deployment (of which more later) in an “all hands on deck” response.
DNV’s recipe to snatch climate victory from the jaws of defeat includes “vastly more green electricity, both direct and indirect”, which is of course the staple diet of Rechargeon any given day.
'Historic moment' as landmark bill paves way for Australian offshore wind boom
“More green electricity” requires the opening of new markets to offshore wind – which moved a step closer for Australia this week when the government tabled long-awaited legislation to underpin development.
It needs potentially game-changing technologies such as the ‘hot rocks’ energy storage system concept being developed by Stiesdal Storage Technologies, which revealed the site of its pilot plant.
Stiesdal 'hot rocks' energy storage flagship to power up on Danish island of Lolland
And it requires an unprecedented level of united ambition between private and public bodies, of the type that will deploy ‘world-first’ bankable hybrid offshore marine energy parks off the EU combining offshore wind power with solar and wave energy.
US offshore wind moved forward another notch as the federal Bureau of Ocean Energy Management (BOEM) prepared to begin an environmental review for New York State’s largest commercial scale offshore wind project to-date, the up-to-1.3GW Sunrise megadevelopment.
Although big challenges remain – grid access and peaceful co-existence with the fishing industry to name but two – there is week by week a growing sense of, as Atlantic Shores development director Jen Daniels puts it, “promise turning into reality”.