October 22 Energy News

Headline News:

  • A year ago, no one living in Môle-Saint-Nicolas, Haiti, had electricity. By the spring of 2016, the town had a brand new grid, and it will soon run completely on solar and wind energy. Sigora International plans to get electricity to 300,000 people in Haiti by the end of 2017. By the end of 2018, they hope to reach a million people. [Co.Exist]
Electric work in Môle-Saint-Nicolas, Haiti

Electric work in Môle-Saint-Nicolas, Haiti

  • A Fitch Ratings and Bloomberg both warn of a meltdown in the oil industry. The Fitch report warns that this could begin in 2023, based on “an acceleration of the electrification of transport infrastructure,” which it says “would be resoundingly negative for the oil sector’s credit profile.” Bloomberg says it might be as late as 2028. [Gas 2.0]
  • According to a World Bank report, the cost of climate change mitigation could be reduced 32% by 2030, by increasing global cooperation through carbon trading. There are 40 national jurisdictions and over 20 cities, states, and regions, that are already putting a price on carbon, covering 13% of global greenhouse gas emissions. [CleanTechnica]
  • Engineers from the NASA Glenn Research Center have begun testing new, electric aircraft technologies at a new facility. NASA’s Electric Aircraft Testbed facility will become “a world-class, reconfigurable testbed that will be used to assemble and test the power systems for large passenger airplanes with over 20 MW of power.” [CleanTechnica]
  • Solar power capacity in the US will have nearly tripled in size in less than three years by 2017, according to monthly data published by the US DOE. This is amid an energy shakeup that has seen natural gas solidify its position as the country’s chief source of electricity and coal power increasingly becoming obsolete. [The Guardian]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

October 22 Energy News posted first on Green Energy Times

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