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A daily technical, financial and political review/analysis of important green energy news

Welcome to the Electrek Green Energy Brief. Put together by our Electrek authors, the Energy Brief is a daily technical, financial, and political review of important green energy news.

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This is what would happen if we stopped offshore drilling expansion

offshore drilling

Halting offshore drilling expansion, along with the phase-down of existing production of fossil fuels as clean energy is adopted, would deliver up to 13% of the annual emission reductions needed to prevent the worst effects of the climate crisis, according to new analysis from ocean conservation nonprofit Oceana.

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Could geothermal supply up to 50% of the world’s energy by 2050?

geothermal

Geothermal supplies just 0.4% of the world’s energy today, but it could potentially supply up to 50% of the world’s energy by 2050, according to Carlos Araque, cofounder and CEO of Quaise Energy, who made that prediction at the SOSV Climate Tech Summit 2022 last week during a panel discussion called, “Is this geothermal’s moment?”

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The largest American solar panel maker is going to build a $270M thin film PV R&D center

US largest solar panel maker

First Solar, the largest solar panel maker in the United States, today announced that it will invest around $270 million in a dedicated thin film PV R&D innovation center. The new facility, which will be in Perrysburg, Ohio, is expected to be the first of its scale in the United States.

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Panicking about the UN’s scary Emissions Gap Report is a waste of time – here’s what to do instead

Emissions Gap Report

The UN Environment Programme (UNEP) just released its Emissions Gap Report 2022 – and let’s just say, the news isn’t good. So brace yourselves: You’re likely to see a slew of frightening, doom-mongering headlines about it today, unleashing a fresh wave of terror over those of us who care about the planet. But rather than panicking, here’s what to do instead.

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Renewables provided nearly one-quarter of US electrical generation to August 2022

renewables

Renewable energy – solar, wind, geothermal, hydropower, biomass – provided almost a quarter of electrical generation in the US during the first two-thirds of 2022, according to data just released by the US Energy Information Administration (EIA), which was reviewed by the SUN DAY Campaign.

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Everything you didn’t know you should know about subsea export cables

subsea cable

You may not currently think much about subsea export cables or even know what they are. But as the offshore wind revolution ramps up for Americans in particular, all the components that transport clean energy from wind turbines to US households will become more familiar. That’s where Nexans comes in. The Paris-based global cable company is going to provide vital subsea export cables to three offshore wind projects in the United States, and those cables will bring the power to the mainland.

Electrek spoke with Ragnhild Katteland, executive vice president, subsea & land systems business group at Nexans and CEO of Nexans Norway, about the big US offshore wind projects the company is a part of, what she thinks makes the US offshore wind market unique, and what she predicts will happen in the US offshore wind market in 2023.

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How Ukraine’s power system is coping in the face of Russian strikes

Ukraine power

On October 14, Maksim Timchenko, the CEO of DTEK, Ukraine’s largest private power generator, updated Economichna Pravda on the status of Ukraine’s electrical grid in the face of Russian strikes against the country’s power installations. He also talked about what the company’s future plans are for implementing renewables, despite the Russian attacks. DTEK shared that interview today with Electrek, and we have edited the English translation sent to us below for length and clarity.

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Without a grid upgrade, US electrification can’t go forward. This company is helping to fix it [Update]

grid upgrade

LineVision, based in Somerville, Massachusetts, provides “electric utilities with the real-time monitoring and analytics needed to accelerate the net zero grid.” Here’s how this company is playing a crucial role in helping to upgrade the US and international grids to ensure that the electrification revolution is a success.

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The Biden administration just announced the first-ever California offshore wind lease sale

California offshore floating wind

The US Department of the Interior today announced that the Bureau of Ocean Energy Management (BOEM) will hold an offshore wind energy lease sale on December 6, 2022, off central and northern California. It’s also the first-ever US sale to support potential commercial-scale floating offshore wind energy development.

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US offshore wind sets a record with 58% growth in long-term targets in Q3

US offshore wind growth

The US offshore wind industry has hit the ground running: Coastal states increased their long-term offshore wind targets by 58% in the third quarter of 2022. That sets a record for quarterly growth, according to the Business Network for Offshore Wind’s inaugural “US Offshore Wind Quarterly Market Report.”

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Hitachi Energy will expand its Virginia power transformer factory to meet soaring US demand

power transformer factory

Global sustainable energy giant Hitachi Energy today announced that it will spend more than $37 million to expand and upgrade its power transformer factory in South Boston, Virginia. This is in response to soaring demand for power transformers from utility companies that are scrambling to accommodate the renewable energy boom after the Biden administration passed the Inflation Reduction Act in August.

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The world’s largest offshore wind farm is going to get even larger

clean energy investment

There are plans in place to develop the UK’s Dogger Bank offshore wind farm in three phases: A, B, and C. It will become the world’s largest offshore wind farm upon completion, with an installed capacity of 3.6 gigawatts (GW). And it looks likely that it will get a fourth phase, Dogger Bank D, making it even more massive.

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