In the world of data centers, two developments have finally joined hands: The rapid increase in required computing power, and the energy transition. This is not only sustainable, but strong business cases are evolving, as was witnessed at this year’s The smarter E Europe in Munich.
Even in its low ball scenario, the International Energy Agency (IEA) imagines that installed solar PV capacity will overtake that of all other forms of energy apart from gas by 2040. Overall, it presents four scenarios in its 2018 World Energy Outlook, which show a changing energy landscape. While it finds that CO2 levels are, perversely, on the rise, and that many energy efforts in all but the most whimsical of its forecasts are far behind those needed to seriously address global warming, it still imagines coal, oil and gas playing a leading role in our energy mix going forward. It also sees “dramatic” transformation in the electricity sector. Long story short: Read something else if you want to take real climate action. We suggest The Drawdown.
Increasing scrutiny is putting pressure on the world’s biggest oil and gas companies to jump aboard the green energy wagon. While some are making efforts to divest away from conventional energies, figures estimate that just 1.3% of total CAPEX in 2018 from the leading 24 companies will go to alternative energies.
The entire capacity of an experimental mixed auction for wind and solar has been awarded to large-scale PV projects, the French Government announced. The average tariff price secured was €54.94/MWh.
Toshiba Corporation has today said it will abandon plans to build a 3.4 GW nuclear power plant in the United Kingdom. Despite this, the government says it remains committed to its new nuclear path; others say the news leaves room for further renewables development. New statistics, also out today, show the U.K. renewables industry flourishing.
Toshiba Corporation has announced it will invest JPY 16.2 billion (around US$144 million) in a second Japanese manufacturing facility for its SCiB rechargeable lithium-ion batteries.
The tipping point, where the world shifts from oil and gas to renewables, will be the year 2035, says Wood Mackenzie. This is when renewables and electric-based technologies converge, with around 20% of global power needs being met by solar or wind, and roughly 20% of miles traveled by cars, trucks, buses and bikes using electricity. Will the transition come soon enough, however?
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