The United Kingdom's promising to phase out internal-combustion-engine vehicles, which means manufacture of car batteries needs to ramp - and, in the town of Blyth, already has. This credulous December 10 article sizes up plans to make batteries in a Northern town- in part thanks to the robust electric grid there.
Royal Dutch Shell Plc and EDP Renovaveis SA agreed to sell power from a wind farm they’re building in the Atlantic Ocean for a record-low price. The 804-megawatt Mayflower wind farm, located south of Martha’s Vineyard, will supply electricity to utilities in Massachusetts for $58 a megawatt-hour over the life of the contract.
Though 45% of utility employees surveyed in Utility Dive's 2020 State of the Electric Utility Survey see the transition's cost — including stranded assets — as a top risk for the sector, only 18% see generation retirements and stranded assets as a top concern and just 14% said stranded assets present a major challenge to a changing fuel mix.
A decade ago, entrepreneurs and investors alike believed that silicon wafer-based photovoltaics would soon be a relic. Tens of billions of venture and corporate dollars chased novel technologies that would surely replace silicon.
The fund has 70% less carbon emissions than its benchmark, the S&P/ASX 300 Total Return Index, because it’s typically underweight cyclical stocks in industries such as fossil fuels, steel and cement, transport and mining.