Energy’s Place in Politics
Energy Terminal Weekly Newsletter
October 24th 2022 | Issue #29 | Subscribe here
Happy Monday!
Welcome to the ET weekly, a platform dedicated to building the next generation of energy leaders. In this week's issue we cover:
⚛️ Europe's push for hydrogen
📝 The Biden Administration's energy policies
⚡ EV chargers
📈 Increasing emissions
🚀 Low-carbon rockets?!
🌟Startup Spotlight: Orbex Space
Orbex Space is a UK-based company developing low-carbon vehicles for rockets. The Orbex Prime launch vehicle can place up to 180 kg of customer payloads into Sun Synchronous Orbit (SSO).The company recently raised $45.7m in Series C funding from Scottish National Investment Bank, BGF, Heartcore Capital, and more.
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📚 Reading List (10/17 - 10/24)
Wearable solar panels? Increased renewable generation? Politics of Coal? Check out this week’s handpicked reading list to learn more about these groundbreaking energy topics 🔥
🎙️Podcasts:
Catalyst with Shayle Kann, What’s Holding up Hydrogen in Europe?
Summary 📖 :
Europe has historically had an edge against in the U.S. in clean hydrogen, but the passing of the IRA has the EU scrambling to pass policies to retain its advantage
There are two potential criteria that hydrogen might have to access renewable energy directives (REDs)
The addition of new renewable generation capacity for hydrogen projects
Temporal verification of clean energy production (matching energy use at the hourly level)
Hydrogen supply chains are increasingly resembling that of solar/wind, with China’s influence on the supply chain growing
The Energy Transition Show, Global Energy Crisis
Summary 📖 :
What was once called a “global energy crunch” is now referred to as a “global energy crisis” because of the turmoil in energy markets globally
An energy transition is the primary way to avert the energy crisis, but it isn’t that simple because energy is a largely complex subject matter
This episode goes through the past, present, and future of the energy crisis with Will Kennedy, the executive editor for energy and commodities at Bloomberg news
The Interchange Recharged, Can Maersk lead the charge to net zero by using methanol as a fuel?
Summary 📖 :
Maersk, one of largest global shipping companies, has a new fleet of ocean shipping vessels that run on green methanol, a low-carbon fuel
Though the upfront cost of new green methanol vessels is high, more and more customers are showing an interest in carbon neutral processes
To reach carbon neutrality goals, Maersk is taking out old inefficient ships and looking at the entire production of ships
Producing these cargo ships is a carbon heavy process, all parts of manufacturing need to be addressed to reach neutrality
📰️ Articles:
All Sides, When Saving the Planet Comes Second
Summary 📖 :
Rising gas prices have upset voters across the U.S. which has led to the Biden administration deviating from their intended environmental and energy policy plans, upsetting many of the environmental advocates that had high hopes for such policy under the administration
Biden hasn’t been able to persuade many Western European countries to join a full embargo on Russian oil and natural gas, and he also hasn’t been successful in convincing oil-producing countries in the Persian Gulf to increase their output
Biden recently announced that he plans to draw down U.S. oil reserves to unprecedented levels
Popular Science, Thousands of EV Chargers will soon line America’s highways
Summary 📖 :
The Biden administration is planning to build 500,000 new charging stations by 2030
The priority is for charging stations to be in highways so on long travels you can fill up halfway through your trip and in communities where there is not much off-street parking
However, public transport still beats electric vehicles in terms of environmental benefits, so there still needs to be an emphasis on public transport
Reuters, Global CO2 Emissions to grow less than 1% this year thanks to renewables- IEA
Summary 📖 :
CO2 emissions are on course to increase by ~ 300 million tons this year
This puts the global emissions at 33.8 billion tons
Much smaller increase than 2021’s 2 billion ton increase
Rise in emissions is driven by increased power generation and increased air travel after pandemic lows
Increased emissions could’ve been around 1 billion tons with demand for coal surging as gas prices rose due to Russian invasion of Ukraine
However, renewables and EVs prevented the emissions from reaching this high
And head here to check out previous reading lists !
☄️ Thanks for reading this edition of ET weekly!
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