The Energy Bulletin: In the news October 2017

The world’s first floating wind farm has come online off the coast of Scotland and, if successful, the project could change the face of the offshore wind energy for years to come.

In Iceland, a pilot project is underway with Carbon Capture and Storage (CCS), and the Centre for Policy Studies has troubling projections for the future security of British energy supply.

Read on for the energy industry’s top stories for October 2017

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“Negative emissions” plant opens in Iceland | Alphr

In a pioneering new trial taking place in Iceland, Carbon Capture and Storage (CCS) technology is being used to capture carbon dioxide and store it underground.

Carbon is extracted from the air, then combined with water and pumped 700m underwater into Icelandic bedrock, where natural processes turn it into limestone.

This new and exciting approach could help to mitigate greenhouse gas emissions as the technology develops; follow the link, above, to find out more.

Scottish government explores possibility of state-owned supplier | BBC

Nicola Sturgeon’s government is investigating the possibility of establishing a state-owned, not-for-profit energy company.

This was proposed by Sturgeon’s party in last years’ manifesto. The entity would exist to compete with traditional suppliers by procuring wholesale electricity and selling it at the lowest price possible.

With Theresa May also exploring the Standard Variable Tariff for domestic suppliers and the energy market becoming saturated with challengers, the business model could pose a threat to traditional suppliers.

Follow the link to read the full story.

How electricity imports threaten Britain’s energy security | Centre for Policy Studies

The increasing trend of importing energy from continental Europe is threatening British energy security by exposing suppliers and consumers to volatile market behaviour, according to the Centre for Policy Studies.

The body has stressed the threat of price spikes and disruptions to supply, as well as the “unfair competitive advantage” of imported energy, which is not subject to the Carbon Price Floor and other levies imposed on domestic energy.

The CPS has also argued that the UK must take a proactive approach to securing future domestic supply by building more capacity in Britain.

Follow the link to read the press release in full; there is also a downloadable PDF report.

Solar power is the fastest-growing source of new energy | Alphr

Research published by the International Energy Agency shows that solar photovoltaic is the fastest-growing source of renewable energy, thanks to falling production costs and the decline of fossil fuels.

This demonstrates the positive upward trend of renewable energy sources across the world, with approximately 165 GW of renewable sources coming online in 2016. This figure accounts for two-thirds of new energy capacity added globally.

World’s first floating wind farm starts generating electricity | BBC

The Hywind project, the world’s first floating offshore wind farm, has begun to deliver electricity to the Scottish grid.

The wind farm, which sits 15 miles offshore, is exploring the viability of floating (as opposed to fixed) platforms. If successful, the technology will give access to the vast wind resources on open global seas. On the open sea, wind speeds are higher and more consistent, which equates to greater energy generation.

You can find out more about the Hywind Project by following the above link.

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