Saudi Aramco CEO says energy transition 'visibly failing' at CERAWeek

To some, it seemed as if the oil executive had loudly muddied the quiet sector.

“We have to give up the fantasy of phasing out oil and gas,” said Amin Nasser, the head of Saudi Aramco, the world's biggest oil producer.

The energy transition was “visibly failing,” he added, saying that predictions about the impending demand for oil and gas were flat-out wrong. A room full of fossil fuel industry representatives greeted the announcement with applause at a conference in Houston.

Mr. Nasser's comments spoke to sharply diverging visions of what role fossil fuels will play in the global economy over the coming decades. Burning fossil fuels is a major driver of climate change.

The oil industry claims that its products, particularly oil and natural gas, will dominate the coming decades. And with this in mind, it invests in new development, particularly in the gas sector.

On the other hand, the International Energy Agency, considered one of the leading authorities on the matter, projects that demand for oil and gas will peak by 2030 as sales of renewable energy and electric vehicles grow exponentially thanks to incentives and subsidies. Just a few months ago, at the largest annual climate summit, negotiators from nearly every country in the world agreed to move “away from fossil fuels.”

In an interview with the Times last year, IEA chief executive Fatih Birol said he believed the likes of Mr Nasser were not seeing the whole picture. “I have a subtle suggestion for the oil executives, they are only talking to each other,” he said. “They need to talk to automakers, the heat pump industry, the renewable energy industry, investors and see what they all think the future of energy looks like.”

However, Mr Nasser suggested in a speech in Texas this week that it was the IEA that had misread the markets by focusing too much on rich countries and ignoring the huge growth in energy demand expected in emerging countries in Asia and Africa. : to industrialize

His response was, in essence, to ask if the IEA thought oil and gas companies were throwing their money away by investing trillions of dollars in combined exploration, drilling and infrastructure additions. “Peak oil and gas is unlikely to come anytime soon, let alone 2030,” Mr. Nasser said, speaking at the CERAWeek by S&P Global conference. “Nobody seems to be betting the farm on it.”

While they spoke less bluntly at the conference, the chief executives of Shell, Exxon Mobil and Brazil's state oil company Petrobras echoed Mr Nasser's words. In an interview with the Times earlier this month, Petrobras CEO Jean-Paul Prates said he sees Brazil's oil production increasing for decades to come.

Shell CEO Wael Sawan said his forecast hinged on fast-growing Asian markets. The same analysis backs up last year's predictions by OPEC, the global oil cartel, that oil demand will not peak until 2045 at the latest.

The White House stands next to the IEA

“The head of Saudi Aramco said he believes the demand estimates from the IEA and others are wrong,” John Podesta, President Biden's senior adviser on international climate policy, told reporters on Tuesday. “We don't think so. We believe there is a strong demand for electrification.”

Even as electrification picks up in some parts of the US economy, US crude oil and liquid natural gas exports are set to hit record levels in 2023. Wind and solar currently supply less than 4 percent of the world's energy. An even smaller percentage of vehicles produced are partially or fully electric.

Natural gas in particular has seen tremendous growth and is more involved in global energy trade than ever before. The technique of fracking paved the way for the US to become the world leader in gas production.

Traditional oil producers in the Persian Gulf, including Saudi Aramco, are also heavily involved in gas production, and none more so than Qatar's national oil and gas company, QatarEnergy. Its plans will allow it to overtake the United States in production after 2030. At a recent press conference, QatarEnergy CEO Saad al-Kaabi told reporters that “we still think there is a great future for gas at least 50 years from now. »

Even if oil demand begins to decline, companies will still need to invest to prevent the decline of existing oil fields, said TotalEnergies CEO Patrick Pouyanne.

Without that investment, he argued, energy markets, which determine the prices people pay for all kinds of basic needs, would begin to fluctuate wildly. Like other oil executives, he did not see renewables and the electrification of transportation growing fast enough to replace existing demand for fossil fuels, let alone in countries with rapidly growing populations and fossil fuel-dependent industries.

“The natural decline of oil fields is about 4 percent per year, so we need to continue to invest in oil and gas fields” to maintain current production levels, he said. “Otherwise, the price will go up and people will be extremely angry.”

CERAWeek. Human control, Machine power. The future of AI in energy

AI's appetite for complexity can solve the energy industry's toughest challenges.

But while AI has come a long way over the years and can help digest complex information, decisions still need to be made by humans, experts said on March 18 at S&P Global's CERAWeek on the Use of AI during the session.

AI and generative AI require a diet of quality data.

“If you look at the data sets that we ingest every day, it's petabyte scale. We at Amazon now deal with exabyte-scale data on a very, very regular basis,” said Ben T. Wilson, director of products and solutions for Amazon Web Services (AWS). “And you think about that size of the database and the information in it, and that AI loves complexity, you're going to find these opportunities to be able to discover and act on those new insights that you couldn't get as a human.”

He also said that data management is important in the world of AI.

“AI is very much garbage in, garbage out. “If you have high-quality data, in other words, accurate data, whether it's IoT (Internet of Things) type data or maintenance data, you're going to get much better results from your AI,” Wilson said.

Enas Abo-Hamed, CEO of H2GO Power Ltd., said one of the significant changes he's seen in the energy industry is the explosion of data, which fits perfectly with AI's love of complexity.

“Data is the food of AI. AI loves food,” as well as complexity, he said.

But software alone doesn't cut it.

“We really need to make sure we have the hardware to put the software on,” he said.

The investment community, he added, is hyper-focused on AI and software and less supportive of hardware and physical technologies.

“It's not going to be a sustainable solution to climate change,” he said.

In the field

Jim Chappell, vice president and head of AI at AVEVA Software LLC, says AI has long been used in the industrial space.

“Companies like to brag about how they've used AI for success, to avoid problems,” he said.

For one company, the AI ​​detected a decrease in vibration for the current level of activity. The original equipment manufacturer was worried.

“Now they had a choice. Do they trust the AI ​​or the manufacturer? Well, they decided to believe in artificial intelligence,” Chappell said. That decision saved them about $34 million.

After shutting down the turbine, they found that the blade had separated, which caused lower vibration and decreased efficiency, he said.

“It just kept getting worse,” he said. “Eventually it would throw off the blade, destroy the turbine, not only damage a huge multi-million dollar piece of equipment, but unscheduled outages, massive amounts of unscheduled outages, additional manpower, etc.”

Impact of accessibility

Chappell said many people have been unwittingly using artificial intelligence for years.

“Search engines use AI. You don't realize they use AI in the background. There has been a lot of artificial intelligence that people are not aware of,” he said.

And with the advent of generative AI trained on large language models, humans are able to interact with AI using natural language.

“It's just a more human way of dealing with it,” Chappell said.

Wilson said that artificial intelligence has finally become accessible to many people. This is critical because even if a company has great technologists and builds a lot of capability, if it doesn't get into people's hands, it can't be used, he said.

“For me as an individual, as someone who builds AI, I've been doing it for the last seven years, that's the most exciting part,” Wilson said.

Asking generative AI questions will provide information, he said, but it can also be useful to ask generative AI what questions to ask. The answers to this can be insightful.

“This is generative AI, which means it will create new information. That new information is about the possibilities and what are the edges that we as humans cannot see. And back to the “complicated” point again. If you're consuming much more complex data, what questions might it be asking that you might not be able to articulate?” Wilson said.

However, he cautioned that generative AI is a young technology.

“I don't think I see anything mature yet in generative AI. Generative AI is so new it's only been around for 18 months. We cannot expect maturity in this,” he said.

It causes hallucinations, or misinformation alongside good information, he said.

“We must always remember that decisions should be made by humans, (decisions) should not be made by artificial intelligence,” he said.

Some good questions

Abo-Hamed said it makes sense to apply AI to unsolved problems that require a lot of computing power and a creative solution.

“I would go after problems that normal human abilities can't solve … easily, or it takes a lot of money, or it takes a lot of time, and I would attack those with artificial intelligence,” he said. “I don't think there's a shortage of problems where we can respond effectively or find a solution in a short period of time and implement it and test it and scale it. I would do that. I would just pick problems, specific problems that we cannot solve by human power, and apply it.”

Chappell said he expects to see a shift toward objective-based questions.

“Instead of saying, 'What was the highest temperature last month?' are you going to say “Why is my surgery doing worse this month than last month?” Super complicated questions,” he said.

AI will work in the background to break the issue down into component parts, such as a data historian query, service logs, and PDF service manuals, and look at the events that occurred, then analyze those results to potentially identify open work orders that are open. not done.

“There was a problem for that. It lags in maintenance. (The answer) may be simple, it may be something more complex, it may be an engineering design issue. It should be able to look at all of this. So give it a goal and let it achieve it, and then let it understand the component parts. I think mindset is going to be one of the big shifts going forward,” Chappell said.

A deep dive into the energy storage of the future

Imagine unlocking a treasure trove of energy, but the key to it comes at a price that raises eyebrows and questions. Tesla’s Powerwall is much like that coveted chest, holding within its advanced technological walls the promise of a sustainable energy future. But why is this futuristic battery at such a premium? Let’s begin a study that is not just about hard dollars, but about understanding the currency of innovation.

A fusion of technique and treasure. Powerwall’s precious origins

The Powerwall, from the home of Tesla Inc., a name synonymous with the automotive and clean energy revolutions, is an enigma wrapped in a lithium-ion shell. Wall-mounted or ground-based, this ally provides your home with solar energy storage, backup power, and even time-based electricity usage. However, this miracle is not cheap, and here’s why.

Why the Powerwall is worth its weight in kilowatts

Lithium-ion, battery alchemy. The Powerwall houses the secret sauce of Tesla’s battery technology. It’s no ordinary potion, but an alchemical concoction that maximizes performance, durability and energy density—a feature that increases value but also enhances performance.

Tesla’s Tinkerers. Innovation is not a one-time act, but a series of trials, errors, and eureka moments. Tesla’s relentless investment in research and development is baked into the Powerwall’s price. Each unit sold incorporates countless hours of ingenuity, creating a product that is more like a piece of technological art.

Material significance. The alchemical elements of lithium, cobalt, and nickel are not only harvested from trees, but also mined, refined, and commoditized, which increases the cost. With a production odyssey that requires surgical precision, we begin to decipher the sticky shocks.

Brand aura. Tesla uses a kind of techno-wizard that fuses quality with foresight; an intrinsic value often absorbed into the purchase price that commands a brand premium that customers, albeit reluctantly, are willing to pay.

Installation and support. The Powerwall doesn’t turn on and off; its deployment is an orchestrated symphony that requires professional installers and robust support equipment that pushes the investment needle further north.

A decade of security. With a ten-season extended warranty, Tesla assures you of the Powerwall’s durability in an energy marathon, a promise factored into its initial cost.

Market wave and demand growth. As the green energy wave swells, the Powerwall is on the cusp of rising demand, which could drive up prices, especially with Tesla’s pioneering status at the forefront of renewables.

Scale effect. In the grand ballet of supply and demand, Tesla’s dance moves toward increased production volumes could one day lead to cost savings for consumers. So far, production performance hasn’t hit the sweet spot of significant discounts.

Powerwall Pricetag decoding. High Voltage Investment Frequently Asked Questions

Intrigued, consumers often dismiss questions about this luminous cube of power. Costs run from $10,000 to $20,000, including installation symphony. The possibility of lower prices is hopefully related to technological advances and production economics.

Is it wise to use this precious power? For legions of would-be energy independents, the benefits of energy autonomy, emergency power, and reduced utility bills outweigh the initial fiscal recession, tipping the scales toward sound investment.

Want your own Powerwall? Tesla’s virtual corridors await (a href=””>

In retrospect, the price of pioneering power

Powerwall’s meteoric rise in ownership has been paved with cutting-edge innovation, serious development work and brand appeal that promises tomorrow’s solutions today. It’s an expensive pledge for those looking for a star of stability, but even as we balk at the price, there’s an underlying respect for the value of the pioneering promise. As the home energy storage space is ripe for growth, Tesla’s commitment suggests an era where Powerwalls may become the rule rather than the premium exception.

Markin Fratskevich

Marcin Frąckiewicz is a well-known author and blogger specializing in satellite communications and artificial intelligence. His insightful articles delve into the intricacies of these fields, offering readers a deep understanding of complex technological concepts. His work is known for its clarity and thoroughness.

Sungrow delivers innovative energy solutions to power South Africa's green transition

JOHANNESBURG, March 22, 2024 /PRNewswire/ — Sungrow, the world's leading manufacturer of PV inverters and ESS, showcased its latest advances in utility projects, commercial and industrial solutions for both grid-connected systems and energy storage systems (ESS), as well as innovative home energy solutions. : . His focus is on delivering advanced technologies that enhance the efficiency, reliability and sustainability of solar energy systems at multiple scales.

Sangru's participation in the Solar and Storage Expo South Africa received a positive response. Market enthusiasm for renewable energy solutions has increased, reflecting awareness of the benefits of the clean energy transition. Attendees showed interest in learning about renewable energy advancements, highlighting the shift toward environmentally conscious practices. This highlights the importance of accelerating efforts towards a greener and more sustainable future South Africa.

Spotlight: Sungrow's bespoke home energy solution

Sungrow launched a 3-phase hybrid inverter Johannesburg, South Africa on March 15, 2024. This inverter is optimized for local rooftops and provides maximum power output and operating hours. Security measures are robust to ensure compliance and reliability. The iSolarCloud application enhances energy management with real-time data and optimized solar energy utilization. Sungrow provides exceptional after-sales support including 10-year battery warranty, five-year inverter warranty extendable for another five years, backed by over 25 years of experience, prompt replacement services and extensive maintenance coverage across the country.

PowerStack. The debut of the new C&I ESS

Sungrow introduced its latest C&I ESS, the PowerStack, which uses liquid cooling to reduce costs and battery temperature difference, thus extending battery life and improving charge/discharge efficiency. This technology outperforms conventional air cooling in terms of thermal management energy consumption. PowerStack minimizes O&M costs with automatic SoC calibration and automatic coolant charging. It meets Sungrow's strict safety standards by providing a comprehensive safety design at the cellular, electrical and system levels, with AI-assisted cellular monitoring and patented pipe connectors, IP65 module design, one-way breather valve and drip manifold to ensure system safety.

Innovative utility-scale solutions for solar and storage

Sungrow introduced the 1+X modular inverter, the SG350HX-20 string inverter and the new generation PowerTitan liquid-cooled ESS to promote innovative utility-scale solar applications. These advances help plant owners achieve better yields and smarter operation and maintenance practices.

Notably, the PowerTitan ESS series has secured more than 19 GWh of global contracts and shipped more than 10 GWh worldwide. The new PowerTitan 2.0 version is an all-in-one solution with an AC storage design, built-in PCS, standard 20ft 5MWh full liquid cooling and 10MWh battery ESS. With the launch of this second generation PowerTitan, Sungrow aims to overcome the challenges of scalability and efficiency.

“As a company committed to Clean Energy for All, Sungrow is dedicated to addressing the challenges of energy consumption; South Africa. With extensive experience in the renewable energy market, including building the country's first wind solar virtual power plant (VPP) and of Africa the largest independent renewable energy project, Sungrow proudly holds a leading market share in both the utility and C&I solar markets. South Africa. We aspire to a future where everyone enjoys unfettered access to electricity,” said Thompson Meng, Vice President of Sungrow PV & Storage BG.

About Sungrow

Sungrow Power Supply Co., Ltd. (“Sungrow”) is a leading global PV inverter and ESS supplier with over 515 GW of power electronics equipment installed worldwide as of December 2023. Founded in 1997 by a university professor. Cao RenxianSungrow is a leader in solar inverter research and development with the industry's largest dedicated R&D team and a broad product portfolio offering PV inverter solutions and ESSs for utility-scale, commercial and industrial and residential applications as well as internationally. recognized floating PV plant solutions, NEV propulsion solutions, EV charging solutions and renewable hydrogen production systems. With 27 years of strong experience in the PV space, Sungrow's products are powering 170 countries worldwide. For more information about Sungrow, visit

Photo –
Logo –

Energy security key to the future of logistics and retail in South Africa

*This content is brought to you fortress

Sustainable solutions lead to long-term rental commitments by tenants

Although the installation of solar PV plants is still a viable renewable energy option that indirectly helps reduce the pressure caused by load shedding, solar alone is not enough. Providing energy security for logistics and retail tenants requires a combination of solar, batteries, generators and smart meters and other sustainable initiatives that help reduce carbon emissions and provide a reliable energy source.

Stephen Brown, CEO of Fortress, said: “The goal of our energy program is to provide our tenants with the highest level of energy security at a reasonable cost. It includes the use of solar energy, generators, smart metering systems and batteries. Tenant feedback has been overwhelmingly positive for our energy programs, and tenant-level uptake has exceeded our initial expectations.”

As an example, Cipla has signed a 10-year lease extension until October 2033 for the 18,214m² warehouse they currently occupy in Cape Town, mainly due to the energy project undertaken by Fortress.

The future energy mix for a building will consist of grid power, solar PV (or other renewables), batteries and generator combined with smart meters and connectivity – a complete mini-grid solution. Investing in different energy sources will provide sustainable, reliable and cost-effective energy.

Currently, each asset has a customized energy plan based on the needs of the tenants and the capabilities and limitations of each asset,” Brown explained. The first steps include the installation of solar and smart meters and will follow with the installation of batteries as soon as Fortress is comfortable with implementing the technology and it is financially feasible.”

This plan is continually revised as technology matures and alternative options come to market. “The impact of ongoing load shedding on our tenants’ businesses, and indirectly on our business, can be mitigated by ensuring continued power supply to critical items. This requires embedded generation at the asset level, combined with a more focused demand-side energy management system, with both energy efficiency and stability of supply,” commented Brown.

As of December 31, 2023, Fortress has 42 solar PV installations in operation, compared to 25 installations as of June 30, 2023. As of December 31, 2023, Fortress has completed eight plants, with another eight planned for completion by June 30, 2024, thus aiming for a total of 58 plants by 2024.

“Our installed capacity as of December 31, 2023 was 15,293 MW, compared to 9,633 MW as of June 30, 2023. Our goal is to increase our installed capacity to 22.4 MW by June 30, 2024. Our plan is to add another 12.0 MW. Through 37 projects planned by June 30, 2025. This will increase our consumption of renewable energy to approximately 22% of total consumption,” said P.K. Potgieter, Fortress’s stability manager.

Brown continued. “Installation of backup generators is ongoing and we aim to have our core retail portfolio on backup power by June 30, 2024. Generators only supply critical loads, enabling us to keep generator size and running costs down. as low as possible while allowing our tenants to trade during periods of off-loading and power outages. We anticipate that battery storage will be added to this solution over time.”

The Fortress Logistics team plans to certify all existing and new properties in Central and Eastern Europe as BREEAM “Excellent” and is preparing further solar deployment plans in Romania and Poland following the successful deployment of solar PV plants in Poland. .

The fort is perfectly positioned to generate power. The company has a “solar farm” in its retail, logistics and industrial portfolios with more than 2.5 million square meters of rooftop space. “We’ve designed our new buildings from the ground up with solar power in mind, including wheel-to-wheel transportation and on-site manufacturing capabilities for park needs. Over time, the excess roof space can be used to generate electricity to transport to our other properties, or we can sell the excess power to other users,” Brown said. A castle is built with the same efficiency for all their developments, but the details lie in how the building is used. Standard design elements include maximizing natural light and ventilation, building orientation, LED lights, energy-efficient air conditioners, and more.

“We are focused on providing tenants with turnkey solutions for utilities: fiber, renewable energy, backup energy solutions and smart meters; all of this will be included in the fort’s property lease,” Brown concluded.

Watch here:

Celebrating our renewable energy future

Thursday, March 21, 2024 is National Renewable Energy Day, and City Light has many reasons to be thankful and celebrate.

The composition of US renewable energy

A view from the Diablo Dam, with Mount Burg visible above it

It can be a surprise that only around 20% of the US electricity is obtained from renewable energy resources. The majority of our country's energy resources come from non-renewable fossil fuels such as coal, oil and natural gas (60%) and the rest from nuclear power.

With the increasing impact of climate change, weaning off dependence on fossil fuels for energy resources is a priority. Especially when you consider that energy consumption is estimated to increase 50% by mid-century.

Clean vs. Green vs. Renewable

What exactly? renewable energy you can ask The language around the energy industry can be quite confusing. Is it clean, green or renewable? Sometimes it can be more than one.

Renewable energy and green energy are often used interchangeably, but there is a subtle difference. Most green energy resources can also be renewable, but not all renewable energy resources can be considered green.

The resources that make up renewable energy, such as wind and sun, are naturally and continuously renewed. Hydropower is an excellent example of renewable energy. It is a flexible resource that relies on the water cycle for its replenishment. For a renewable energy resource to be excluded from being called green, there are generally some carbon emissions associated with its generation.

Considered clean energy resources produce little or no greenhouse emissions during their production and storage. An example of clean energy that is not renewable would be hydrogen fuel cells.

Fortunately, here at Seattle City Light, we benefit greatly from renewable energy resources.

City Light's Power Mix

Currently, more than 88% of the energy we supply is generated from renewable hydropower. Up to 40% comes directly from our wholly owned Skagit and Boundary hydroelectric projects on the Skagit and Pend Oreille rivers. The energy we do not generate is then purchased from a mix of energy resources provided by the Bonneville Power Authority (BPA) and other renewable sources to meet demand. Additionally, 5% of our electricity comes from wind, 4% from nuclear and 1% from biogas. City Light has no coal or natural gas in its resource mix, making the energy flowing into our customers' homes a win for the environment.

Seattle City Light's Energy Resources 1 2

1 City Light has no coal or natural gas resources in its energy portfolio. It makes market purchases to balance or match its loads and resources. These purchases, along with market purchases made by the Bonneville Power Administration (BPA), may incidentally include coal or natural gas resources allocated to the utility. Any emissions associated with unspecified market purchases are offset through our greenhouse gas (GHG) neutrality policy. 2 This fuel represents a portion of the energy purchased from BPA.

In fact, City Light continues to look to the future as we discover more renewable sources from which to obtain energy. Recommendations that are listed 2022 Integrated Resource Plan identify the need to add approximately 175 MW of solar and 225 MW of wind to our portfolio over the next 10 years. These renewable sources are critical to powering our energy future here in Seattle.

Green Up opportunities

For customers looking to take their energy consumption a step further, City Light offers a program that allows them to support the continued growth of renewable energy right here in our community. Green Up: is a voluntary renewable energy program that allows support for wind, solar and other renewable energy projects that generate carbon-free energy in the Pacific Northwest.

Installation of solar panels on a roof with trees in the background.
Part of a solar installation at Brighton Senior Housing

City Light purchases regional renewable energy credits (RECs) on behalf of Green Up customers and funds local rooftop solar projects hosted by nonprofits and community organizations such as affordable housing, schools and parks. Some of our recent projects include community solar installations Evergreen Aquatic Center in White Center and: Brighton Senior Housing in Rainier Valley.

As energy demand continues to grow, so will the need to diversify opportunities and maximize cost savings while combating the negative effects of climate change. City Light is ready to meet this challenge.

Visit City Light's to learn more Renewable energy services p.

(Our Earth, Our Creatures) What Factors Should We Consider when Otters Appear in Urban Areas?

The otter’s cute appearance and intelligence are enough to attract a person’s attention. In particular, we can’t help but fall in love with the charm of otters when we watch them being groomed or groomed.

Otters, designated and protected as Endangered Wildlife Class Ⅰ and Natural Monument No. 330 In Korea, despite their beautiful appearance, they are the main predators of rivers and feed mainly on fish. They prefer areas with clean water and abundant food resources, which confirms their habitat. The area forms a stable riverine ecosystem. In addition, due to its ecologically important position and its charm to attract people’s attention, it is used as a flagship species representing the ecosystem in many areas, including Mt. Myudeunsan.

One species of otter (Lutra lutra) lives in Korea. The body of an otter in adulthood is about 1 m long, and the tail occupies about half of the body. Unlike other mammals, they live primarily in the aquatic world, have webs between their toes, and spend a lot of time in water, so their fur has a double fur structure to maintain body temperature and make them waterproof.

After the Korean War, otter populations were greatly reduced by fur poaching and habitat destruction due to urbanization and industrialization, so they could only be found in deep mountain valleys or on breeding farms. However, recently citizen reports and news articles have often reported otters being spotted around the trails we often walk and even downtown. In 2016, otters were captured by a drone camera for the first time in Dancheon, downstream of Paldang Dam, and there was also a newspaper article that said that in 2022, 15 otters lived in the Han River area of ​​Seoul.

The arrival of otters in the city may be seen as a positive sign for the restoration of human-otters relations, but on the other hand, it may be an inevitable choice for otters whose habitat has been lost due to continuous urban development. Effective recovery and healthy coexistence of otter populations will require research from multiple perspectives.

Jeonju Lee, an expert in the Climate and Environmental Biology Research Division of the National Institute of Biological Resources

(ⓒ Segye Ilbo &, unauthorized reproduction and redistribution prohibited)

OPINION: Alaska's future is energy diversity

By: Cliff Grow

Updated, 16:00 minutes ago Published: 16:00 minutes ago

Energy joined education and a comprehensive fiscal plan as a key issue facing the Legislature. Southcentral Alaska is facing a looming energy shortage that will drive up costs for ratepayers, including every household, business, school and local government. These higher costs will flow out of Anchorage and into the entire state.

To address our urgent energy crisis, Governor Mike Dunleavy has approved an “all of the above” strategy. I introduced House Bill (HB) 349 to address the Governor's call to action. I am proposing this bill to help create more energy options for our state and to set the rules of the road to help investors bring more energy to Alaska.

The private sector is already developing renewable energy projects on public land. Renewables are expected to start contributing more than 120-150 megawatts of electricity to the grid by 2027. But currently, public lands leased for renewable energy projects are treated differently than for oil and gas production, creating barriers to additional energy development.

HB 349 creates a uniform policy environment for energy by providing the same statutory tools for renewable energy projects that we currently have for oil and gas development. A level playing field creates an attractive environment for private investment that will bring more producers into the market to bring more energy and lower prices to Alaskans.

The legislation will enable better use of our public lands to solve our energy crisis and potentially find new sources of revenue. HB 349 would not solve our energy crisis on its own, but with zero projected fiscal impact, this is a no-cost, big-payoff bill.

To meet this energy challenge, we need to think broadly and creatively. Resource extraction will always be in the picture, but oil and gas alone cannot save us. Alaska needs all types of energy, including oil and gas and renewables such as wind, hydro, solar, tidal, geothermal and biomass. If we can solve our energy crisis today, we can tell the world that Alaska is a good place to produce all kinds of energy.

Cliff Grow represents House District 18, which includes all of Government Hill; Most of the Elmendorf Richardson (JBER) Joint Base; and the northernmost parts of Muldoon, Downtown, Fairview, and Mountain View. First elected in 2022, he is a freshman member of the Alaska House Coalition (also called the House Minority Caucus) and a lifelong Alaskan.

The views expressed here are those of the writer and are not necessarily endorsed by the Anchorage Daily News, which welcomes a wide range of views. To submit the card for discussion comment (at) Submit submissions shorter than 200 words or click here to submit using any web browser. Read our complete guidelines for emails and comments here.

Significant energy. diversifying into the energy future – March 21, 2024 at 11:33 am EDT

(via NewsDirect)

Significant energy (ASX:PRM) CEO and Managing Director Alex Parks joins Proactive’s Stephen Gunnion and details how the company is expanding its position in the global energy market.

It Perth, Australiabased company has a diversified portfolio that includes oil and gas projects primarily in the US as well as underground salt cavern storage ventures. Australiaand a uranium recovery program Kazakhstan Through investment in startup company Umine.

The company is actively seeking cooperation to develop its major Big Apple gas prospect in Armenia Gulf of Mexico and a small oil project Louisianaaiming to transition to a low-carbon future.

It invested in Ecossaus, a pre-IPO company focused on developing salt caverns for hydrocarbon or hydrogen storage, and took a 20% stake in Umine, which aims to recover uranium reserves left over from Soviet times. Kazakhstan.

recent capital increase $1.55 million will further support these initiatives, particularly the development of the Big Apple gas prospect in Armenia Gulf of Mexico.

Prominence Energy’s: the strategy reflects the fusion of developing traditional energy resources while positioning for the future energy transition.

diversification into an energy future

Prominence Energy (ASX:PRM) Managing Director and CEO Alex Parks joins Proactive’s Stephen Gunnion and details how the company is expanding its position in the global energy market.

The Perth, Australia-based company has a diversified portfolio that includes oil and gas projects primarily in the US, as well as underground salt cavern storage ventures in Australia and a uranium recovery project in Kazakhstan through an investment in startup Umine.

The company is actively seeking partnerships to develop its major Big Apple gas prospect in the Gulf of Mexico and a small oil project in Louisiana with the goal of transitioning to a low-carbon future.

It invested in Ecossaus, a pre-IPO company focused on developing salt caverns to store hydrocarbons or hydrogen, and took a 20% stake in Umine, which aims to recover Kazakhstan’s Soviet-era uranium reserves.

The recent $1.55 million capital increase will further support these initiatives, particularly the development of the Big Apple gas prospect in the Gulf of Mexico.

Prominence Energy’s strategy reflects the fusion of developing traditional energy resources while positioning itself for the future energy transition.