Big Things @ Energy Terminal
Energy Terminal Weekly Newsletter
September 12th 2022 | Issue #23 | 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:
⚡ Zero emission electricity production
😡 High natural gas prices
🌿 Algae for carbon capture?
💌 Clean Energy Prize !
💥 Australia's new climate law
🌟 2022 Clean Energy Prize Award Winners
We are excited to announce that Energy Terminal was awarded The Nicholas Institute for Energy, Environment & Sustainability and Duke Innovation & Entrepreneurship's Clean Energy Prize. The Clean Energy Prize ($10,000) helps fund Duke students to pursue novel ideas, potential products, or services that advance an accessible, reliable, affordable and clean energy future. We can't wait for all that is in store for the future of Energy Terminal !!
📣 Episode 14 Out Now !
The energy transition will require gigatons of carbon to be captured from the atmosphere each year, and X-Prize winning 8 Rivers is working to cause more of it to be captured than any other organization on Earth. In Episode 14, Michael and Hope are joined by Damian Beauchamp, President and Chief Development Officer of 8 Rivers alongside Ben Eisenger, a fellow Duke engineering student who interned with 8 Rivers over the summer. In the episode, we hear about 8 Rivers’ projects across several key energy transition verticals, including zero-emissions electricity production, hydrogen, and direct air capture. We then move into the impacts of the recent Inflation Reduction Act and how students can best position themselves for success in energy.
⏰ Missed Episode 13?
Episodes released bimonthly, subscribe to stay updated!
📚 Reading List (9/06 - 9/12)
IRA 🤝 Reduced Emissions? Increasing oil production? Check out this week’s handpicked reading list to learn more about these groundbreaking energy topics 🔥
🎙️Podcasts:
Politico Energy, Biden’s growing natural gas price problem
Summary 📖 :
¨Domestic gas prices have more than doubled in the past year due to the War in Ukraine
Gas prices rising could potentially lead to utility shut off for consumers who can’t afford gas bills, this is dangerous in cold winter months
One step towards lessening the cost of power is diversifying our fuel sources, so that we are more reliant on renewables as opposed to natural gas
The Energy Gang, What does the IRA Mean for the World?
Summary 📖 :
Estimates predict that the IRA will reduce emissions by one gigaton by 2030
In addition to supporting clean energy, the IRA also supports domestic mining and manufacturing, providing incentives for domestically-sourced minerals
Hear more about the various incentives, subsidies, and investments supporting clean energy in the episode
This Week in Startups, The Power of Algae
Summary 📖 :
Half the planet is driven by algae in the ocean; algal photosynthesis moves most of the carbon on the planet
Per square meter per year algae can sequester 30 times as much CO2 than a forest does
Brilliant Planet grows algae really cheaply the way they grow in nature, producing high quality carbon credits
📰️ Articles:
Bloomberg, Australia’s First Climate Law Since 2011 Seals Green Comeback
Summary 📖 :
Australia passed its first major climate legislation to set binding targets that decrease emissions by 43% by 2030
For years, Australia has lagged behind developed countries on climate policy
Climate legislation will return to house of representatives, where it is expected to pass
The Wall Street Journal, Anti-ESG Activist Investor Urges Chevron to Increase Oil Production
Summary 📖 :
Anti-ESG investor Vivek Ramaswamy wrote a letter to Chevron to encourage them to move away from energy transition plans and instead produce more oil to profit from supply shortages
This comes in the wake of major asset managers, such as Blackrock, urging companies to focus on ESG goals and as Texas bans over 300 ESG-related funds
World Economic Forum, Power-Sector emissions are set to fall in 2022. Thanks to renewable energy
Summary 📖 :
To increase global temperature by only 1.5 ℃, global emissions must reach net-zero by 2050
Onshore wind is 68% less expensive than a decade ago, whereas utility scale solar is 80% cheaper
Though renewables are growing, the War in Ukraine has delayed coal phase-out plans, emissions are likely to increase by ~3% in European regions
And head here to check out previous reading lists !
☄️ Thanks for reading this edition of ET weekly!
New episodes will be out soon, get excited. And, if you missed Episode 12 listen here!
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And a big thank you to our sponsor Energy Dialogues for making this all possible!