Commentary: Hold energy companies liable in Texas
John Wald, For the Express-News
March 2, 2021
FacebookTwitterEmail
Pacific Gas & Electric sought bankruptcy protection after accumulating $30 billion in liability from California’s Camp Fire in 2018. Texas energy regulators should guard against energy companies that are undercapitalized or overleveraged.Gabrielle Lurie /San Francisco Chronicle
Recent news reports have mentioned how William Hogan, the Harvard professor who helped design Texas’ energy grid, described it as “working as planned” during the winter storm.
Such a statement seems bizarre considering the personal misery and financial losses caused by the loss of power during the storm. Cost estimates from the power outages have been estimated as high as $50 billion.
(2)
nVent Electric plc (NYSE:NVT) ( nVent ), a global leader in electrical connection and protection solutions, today announced a strategic alliance agreement with CoolIT Systems Inc., a global leader in modular, scalable data center liquid cooling technology. With the integration of products from CoolIT and nVent HOFFMAN and SCHROFF brands, customers will have complete and reliable high-density liquid cooled enclosure protection solutions. Both parties remain independently owned and operated.
As millions of data servers are installed worldwide each year, heat density of equipment in high-performance data centers continues to drive the needs for more efficient and effective cooling technologies. Together, nVent and CoolIT will provide complete high-density liquid cooling solutions for data center, hyperscale and edge computing applications.
Håkan Samuelsson, the Volvo chief executive, said the company did not want to be stuck targeting a shrinking market for petrol and diesel cars. He expected the carmaker’s sales to continue to grow as it moved to electric technology.
“To remain successful, we need profitable growth,” he said. “So instead of investing in a shrinking business, we choose to invest in the future – electric and online. We are fully focused on becoming a leader in the fast-growing premium electric segment.”
Rivals that have in 2021 unveiled formal plans to abandon fossil fuels include the Jaguar brand (by 2025) and luxury carmaker Bentley (by 2030). Jaguar’s move had “encouraged us to be a bit braver”, Samuelsson said.
Date Time
Energy systems of tomorrow to be developed in giant lab
DTU’s energy laboratory at Risø Campus is now being expanded, so that researchers and development departments in the energy industry can test the sustainable energy systems of the future in an even more realistic setup.
Large fields with sun-tracking solar cells. Offshore wind turbines that can produce both electricity and hydrogen. Electric cars that recharge electricity, but returns it to the power grid when needed. These are some of the building blocks for the connected energy systems of the future. Added to this is an interconnection of electricity, heating and hydrogen systems for optimal utilization of renewable energy.
Message :
Required fields
TOKYO (Reuters) - Japan s Electric Power Development (J-Power) said on Friday it plans to cut CO2 emissions by 40% by 2030 by shutting old coal-fired power plants and upgrading some existing plants with advanced technology such as gasification.
J-Power, the country s biggest coal-fired power generator, also aims to be carbon neutral by 2050, in line with the Japanese government s pledge, by expanding the use of hydrogen.
While suspending operation of older thermal power stations by 2030, the company will expand its renewable energy capacity by 1 gigawatt (GW) by March 2026 from 9 GW as of March 2018 which is mostly comprised of hydro power.