energy transition

An increased focus on energy security and the effects of progressive policies and gridlock in decarbonization technology are a few of the key takeaways in DNV’s 2023 Energy Transition Outlook.

Wind power keeps rising across the globe, while new solar plant developments light up Louisiana and Texas.

The project would be built in four phases, with each one producing more than 500 tonnes of hydrogen per day.

The US Department of Energy is planning the country’s largest solar power initiative, while hydrogen and carbon dioxide pipelines spread around the world and ADNOC bets on hydrogen.

SPE and Project Innerspace are organizing the first Geothermal AInnovation Competition. Teams from around the world are invited to participate in this virtual competition aimed at showcasing the potential of AI-assisted work flows in the geothermal life cycle.

Colorado and the Gulf Coast prepare for new facilities; Chile sets out to tackle its carbon dioxide emissions; and Egypt announces plans for the largest wind farm in the world.

In an assessment of efforts to meet a key Paris accord target, the International Renewable Energy Agency said the energy transition was currently "off-track."

Putting into action an agreement signed in 2022, the companies will collaborate on the project to test the emerging technology for producing geothermal energy.

Also: A report says Bitcoin mining could ease emissions. Haliburton is accelerating its clean-energy efforts, while insurer Chubb cracks down on methane. ExxonMobil and Linde team up in Texas. Shell plans to limit CO2 emissions in Dutch plants, and Drax presses pause on bioenergy in the UK.

Shell is splitting up its renewables and low-carbon division as part of CEO Wael Sawan's shake-up to boost the energy giant's returns.