News

Several clean energy and climate change–related agreements resulted from President Barack Obama’s trip to China. The three main areas addressed by the agreements are coal, energy efficiency, and electric vehicles.

On Monday, a number of leading U.S. business executives ─ including Carlos Ghosn, president and CEO of Nissan Motor Company; David W. Crane, president and CEO of NRG Energy; and Frederick W. Smith, chairman, president, and CEO of FedEx Corporation ─ convened to announce the formation of the Electrification Coalition. The coalition describes itself as  a nonpartisan, not-for-profit organization committed to promoting policies and actions that will facilitate the deployment of electric vehicles on a mass scale in order to combat the economic, environmental, and national security vulnerabilities caused by our nation’s dependence on petroleum.

Loan guarantees for new nuclear power plants in the U.S. should not be awarded until the Nuclear Regulatory Commission (NRC) has fully reviewed plans for a proposed project and granted it a combined construction and operating license (COL), Rep. Ed Markey (D-Mass.) told Energy Secretary Steven Chu last week.

Six draft policy statements unveiled by the UK’s Energy and Climate Change Secretary Ed Miliband on Monday map out an energy future that focuses on a “trinity” of fuels: nuclear, renewables, and “clean” fossil fuels. Miliband also identified 10 suitable sites for the nation’s next generation of nuclear plants and a new policy for the transition to clean coal.

A federally sponsored large-scale project in Mississippi has become the first in the nation to inject more than 1 million tons of carbon dioxide in an underground formation, the Department of Energy (DOE) announced last week. Only four other projects—in Norway, Canada, and Algeria—have reached the milestone.

Key developments for U.S. offshore wind this week could give that sector a much-needed boost: On Monday, NRG Energy acquired offshore wind developer Bluewater Wind, and on Tuesday, the governors of Maryland, Virginia, and Delaware formed a tri-state partnership for the deployment of offshore wind energy in the Mid-Atlantic coastal region.

Mississippi’s Public Service Commission (PSC) on Monday unanimously agreed to continue hearings for a $2.4 billion integrated gasification combined cycle (IGCC) coal plant in Kempner County, saying that the Mississippi Power Co. (MPCO) had aptly demonstrated that the region would need new generating capacity as early as 2014.

Potential climate change and energy legislation could wreak havoc on industry growth, witnesses said in testimony before the Senate Finance Committee on Tuesday. The hearings follow the 11–1 passage of the Kerry-Boxer bill (The Clean Energy Jobs and American Power Act) through the Senate Environment and Public Works Committee on Thursday. Sen. Max Baucus (D-Mont.)—chair of the Finance Committee, which is currently reviewing the bill—was the sole nay vote.

The U.S. Department of Energy (DOE) last week signed a cooperative agreement with Hydrogen Energy California (HECA) to build and demonstrate a $2.3 billion hydrogen-powered electric generating facility, complete with carbon capture and storage, in Kern County, Calif.

Twelve companies and the Desertec Foundation on Friday formally launched a joint venture to manage a project that seeks to generate up to 15% of Europe’s power by 2050 with giant solar and wind farms installed in North African and Middle Eastern deserts. Firms include energy giants E.ON, RWE, and Siemens Energy, and investment companies Deutsche Bank and Munich Re.