Germany has taken positive steps toward its clean energy transition, which includes initiatives in renewable energy, hydrogen, and LNG diversification, supported by significant federal policies.

Data and analytics firm GlobalData estimates in this field that Germany will reach “509.9 GW in 2035, with a compound annual growth rate (CAGR) of 9.7% between 2024 and 2035.”

According to the company, last year renewable energy accounted for “54.7 % of Germany’s electricity generation, led by wind and solar PV. By 2035, renewable generation is expected to reach 628 TWh, representing 82.9% of the energy mix, driven by the large-scale expansion of solar PV and the development of onshore and offshore wind farms.”

The goal for 2030, according to Mohammed Ziauddin, energy analyst at GlobalData, is to reach 80 % renewable generation, supported by its Renewable Energy Act (EEG), the National Hydrogen Strategy, and significant investment in modernizing the electricity grid.

But the European country still faces challenges, “such as grid congestion, the Dunkelflaute (periods of low renewable production), and the slow deployment of dispatchable gas-fired generation capacity to support intermittent renewables.”

Added to this are rising energy prices, uncertainty regarding regulatory frameworks, and lengthy permitting processes for wind projects that also limit deployment.

M.Pino

Source: elperiodicodelaenergia

(Reference image source: American Public Power Association on Unsplash)

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EU Energy Commissioner Dan Jorgensen has indicated that savings of €2.5 trillion in fossil fuel imports could be achieved by 2040.

However, he emphasized that this would be possible if “the EU manages to deploy renewable energy more rapidly, a main objective of its action plan to guarantee affordable energy for European consumers.”

Jorgensen addressed the issue on Thursday, March 13, before the European Parliament plenary session in Strasbourg, France. In his speech, he detailed the roadmap presented by the EU Executive on February 26th, with the aim of “lowering energy bills for both households and businesses.”

According to the proposal, tax reductions have proven effective in containing energy bills “during the energy crisis, when Member States implemented reductions in VAT and energy taxes.“

With Brussels’ strategy to lower energy costs for consumers and businesses, in addition to encouraging investment in clean energy through various initiatives, savings of €2.5 trillion can be achieved.

The Commissioner emphasized the need to deploy “our renewable energies, becoming more energy efficient, better controlling gas markets, enforcing existing legislation, and interconnecting our energy systems much better than today.”

M.Pino

Source: elperiodicodelaenergia

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La entrada Brussels forecasts millions in savings in the energy sector by 2040 apareció primero en Bitfinance.

Deutsche Telekom is venturing into Bitcoin mining using surplus energy from renewable sources that would otherwise be wasted.

Europe’s largest telecom provider is venturing into the world of cryptocurrencies in a new project called “Digital Monetary Photosynthesis.”

The initiative was developed by Deutsche Telekom subsidiary MMS in collaboration with Bankhaus Metzler, who have indicated that the BTC mining equipment will be installed in “Backnang (Germany), at the facilities of the metal and glass facade manufacturer Riva, and will be managed by Metis Solutions.

Germany will use the growing amount of renewable energy sources in the Deutsche Telekom project, according to Oliver Nyderle, head of digital trust and Web3 infrastructure at Deutsche Telekom MMS, betting that Bitcoin mining will help “regulate energy fluctuations in the country’s power grid.”

Nyderle stressed that surplus energy from sources such as wind turbines “is converted into digital values ​​through miners. We call this digital monetary photosynthesis.” Another segment they will work on is the offer of financial services with digital assets.

M.Pino

Source: cointelegraph

(Reference image source: Erling Løken Andersen in Unsplash)

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La entrada Deutsche Telekom to use renewable energy for Bitcoin mining apareció primero en Bitfinance.

Renewable energy is used in El Salvador for Bitcoin mining. The Central American country uses the energy of the Tecapa volcano in this activity, and has already managed to mine 474 bitcoin, which is equivalent to about 29 million dollars.

The country has used the geothermal energy produced by the Tecapa volcano to power the mining equipment of the main cryptocurrency on the market since 2021.

It is important to note that El Salvador has more than 5,000 BTC with unrealized gains of USD $57 million, a characteristic that President Nayib Bukele has highlighted on several occasions.

Regarding the use of geothermal energy, “1.5 megawatts (MW) of the 102 MW produced by the state power plant have been allocated for cryptocurrency mining,” according to a report.

El Salvador imports between a fifth and a quarter of the electricity used in the territory. “The rest of the production is divided between hydroelectric, geothermal and plants powered by fossil fuels, of which geothermal represents approximately a quarter of the country’s energy,” according to sector data.

M.Pino

Source: diariobitcoin

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La entrada El Salvador has mined 474 Bitcoins with energy from the Tecapa volcano apareció primero en Bitfinance.

The Brazilian oil giant, Petrobras, announced an investment of R$90 million (equivalent to about $18.4 million) in an ambitious research project focused on the production of green hydrogen and its potential application as a renewable fuel combined with natural gas in engines.

The state-owned company aims to establish a pilot electrolysis plant for the generation of green hydrogen, also known as low-carbon hydrogen, by processing water with energy derived from solar panels.

Located in Alto Rodrigues, a municipality in the state of Rio Grande do Norte (northeastern Brazil), the project will have an initial duration of three years and will be installed at an existing Petrobras facility, where an experimental photovoltaic generator is already in operation.

“The main purpose is to evaluate both the production and use of hydrogen obtained through the electrolysis of water using solar energy“, the oil company said in an official statement.

In addition, Petrobras intends to analyze “the performance and structural integrity of microturbines powered by a combination of hydrogen and natural gas.”

To meet the energy needs of the pilot electrolysis unit, the generation capacity of the solar plant at Alto Rodrigues will be increased from 1.0 to 2.5 megawatts peak.

Jean Paul Prates, President of Petrobras, quoted in the statement, said: “Among the benefits for the company is the development of knowledge about the behavior of the equipment depending on the mixture of hydrogen with natural gas, with a view to business models of interest to the company.”

K. Tovar

Source: ZBR

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The general director of the International Renewable Energy Agency (IRENA), Francesco La Camera, reported that the first Latin American Investment Forum in renewable energy will take place in Uruguay on November 9 and 10 of this year.

The inaugural version of this Latin American forum is expected to attract high-level authorities, financial institutions and private sector companies from the region and around the world and provide a platform to accelerate investments in renewable energy projects in Latin America.

Currently, investment levels in renewables are well below what is needed to achieve the global implementation ambition, and continued investments and subsidies for fossil fuel assets globally are hindering progress.

According to IRENA data, Latin America and the Caribbean attracted at least $20 billion in investment in renewable energy in 2022. This figure only represents about 4% of the global total, highlighting “the urgent need” to accelerate the flow of capital to the region.

Thus, the agency called on project developers in the Latin American region to submit project applications to the Climate Investment Platform (CIP) to be considered by the Energy Transition Accelerator Financing platform (ETAF), which aims to advance the global energy transition in developing economies.

K. Tovar

Source: World Energy Trade

(Reference image source: file)

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La entrada Uruguay will host a forum on renewable energy this year apareció primero en Bitfinance.

The state of Texas was at the time the starting point for the extraction and commercialization of oil in the United States. It now leads the renewable energy market.

According to recent reports, windmills and solar panels are now appreciated as part of the landscape in Texas. It is the state’s response to the evolution towards green energy.

John Boswell, director of economic development for Navarro County and an advocate for fossil fuels, has pointed out that clean energy businesses are a priority in Texas now that many companies have goals to reduce their carbon footprint.

“It’s a state where it’s relatively easy to get permits for deals with landowners. And then to build quickly,” explains Frank Demaille, executive vice president for Transformation and Geography at French firm Engie.

This firm precisely inaugurated last week, in Navarro County, a wind farm with 88 mills and a capacity of 300 MW.

Texas is rich in natural resources. The authorities prioritize the reduction of the carbon footprint and the projects to advance in the field of renewable energy oriented towards solar and wind energy are multiple.

M.Pino

Source: diariolasamericas

(Reference image source: Zbynek Burival, Unsplash)

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La entrada Texas leads renewable energy business apareció primero en Bitfinance.

The president of the Venezuelan-German Chamber of Commerce and Industry, Derxi Regadix, affirmed that they will organize the first Energy Transition Congress in Paraguaná, which will take place on March 23 and 24 with the purpose of promoting in Venezuela mechanisms associated with renewable energy.

“It is an event that will be held in conjunction with 4 organizers and both German and national companies that are going to take part in business rounds, we are going to offer spaces there for products or services that are useful in Venezuela,” Regadix said.

In an interview conducted on Unión Radio, he indicated that they found a lot of interest in renewable energy in the Peninsula on the part of the business community, for this reason they decided to take the Congress to that region of the country.

In this way, in the activity they will address issues such as decarbonization, the paths towards the energy transition, with the vectors that influence this, and circular energy.

In addition, he added that there are German companies interested in promoting the energy transition in different countries, such as Venezuela.

Taken from DobleLlave

(Reference image source: Enel Green Power, via web)

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La entrada First Congress of Energy Transition of Venezuela will be in March apareció primero en Bitfinance.

The world’s leading company in the renewable energy industry X-Elio announced its entry into the market for battery energy storage systems with the installation, by the second quarter of 2023, of its first Uribe photovoltaic plant.

The Uribe photovoltaic solar plant will have 58 megawatts (MW) and will be located in the Antofagasta region, Chile. The solution will connect with a data management platform in the cloud and all the information services for the control, operation and optimal maintenance of the batteries in real time.

The project consists of a fully integrated 5 MWh lithium-ion energy storage system, to be supplied by Saft, a subsidiary of TotalEnergies, and two Intensium Max High Energy containers. It will also have an energy conversion system and medium voltage transformers.

The company reported that the plant will benefit from a storage system with an “enhanced and comprehensive security architecture that incorporates a unique combination of security devices to mitigate the risks of fire and explosion, fully tested and certified according to international security standards.”

X-Elio’s enters the energy transition

Storage enables greater penetration of renewable energies and provides advanced services to the grid. This project will become the starting point for X-Elio to significantly expand the company’s capacity in the coming years, as it plans to deploy a “project portfolio exceeding 1 GWh by the end of the year.”

The commercial director of X-ELIO, Mirko Molinari, said that the company is very excited to join the experience in the development of solar energy with its new storage capabilities. “We are improving day by day and providing real solutions at the pace necessary for the energy transition to take place.”

The company is convinced that its business model is scalable, generates value for shareholders and is based on extremely high sustainability criteria. In Molinari’s opinion, energy storage is a fundamental technology to allow the decarbonization of our energy system, with many value flows still untapped.

M. Rodríguez

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Source: elperiodicodelaenergia.com

La entrada X-Elio announces its first photovoltaic plant with batteries apareció primero en Bitfinance.

The Bitcoin Mining Council (BMC) published a report showing that the use of sustainable energy for mining this cryptocurrency has grown by almost 60 %.

Some 44 digital asset mining companies make life in this group, who also claim to be the representatives of 50 % of the global bitcoin network.

The BMC estimates that the global mining industry sustainable electricity mix for major cryptocurrencies is now 58.4 %, down 0.1 % from last quarter. Perhaps more importantly, it is a significant growth from the estimated 36.8% renewables in the first quarter of 2021.

These presented data show that a mix of electricity with sustainable energy of 65.6 % is used, figures obtained from the BMC study.

The cryptocurrency has been the victim of criticism repeatedly due to the high electricity consumption it demands, and its large carbon footprint.

K. Tovar

Source: Cointelegraph

La entrada Use of renewable energy for cryptocurrencies has grown apareció primero en Bitfinance.