Graeme Keith

I'm not talking about this disastrous tax proposal because I like to do so. This is not the subject I'm most passionate about. I'm talking about this because if Norway wants people like me to move to this amazing country and participate in building ambitious tech companies and scaling a new economy that replaces the current fossil-based planet-destroying one, and if Norway wants people like me to stay, then this proposal needs to be voted down (and if that fails, reversed.) I can't help but think that the lack of willingness to see the negative consequences of this new exit tax stems either from willful ignorance or motivated reasoning as part of a newly created culture war. The amount of bad faith takes I have seen on this subject actually surprised me. This proposal will suffocate the creative/risk-taking part of society whose role is to create and shape a new economy. Suffocating because 1) it effectively cuts them off from the international talent pool 2) creates an unnecessary personal risk that is relatively easy to avoid before starting a company (by moving away from Norway before founding) 3) stifles global expansion opportunities 4) seriously impacts cost of capital (by introducing a new discount to valuations). It's certainly possible that the Norwegian government believes that this part of society is unimportant, has no such value creation role and that the govt can just decide which industries, sectors, companies will be created. But then be honest about it and say that that's the intention and then we can have a debate whether that kind of state capitalism is the right economic model for a country of 5 million people on the northern edge of Europe. As it stands, this proposal will be passed. The govt has the majority and they show no willingness to change their stance. The negative consequences are already in effect, many are on the move or considering and it affects the hiring of international talent. Again, I'm not making a case here to defend rich people and I have zero intentions of becoming a conservative poster boy. We need to strive to reduce inequality and make sure the rich pays their fair share. But this just can't be the way because the side effects are disastrous. If my story switches just one vote in the Norwegian govt it was already worth it. Thanks E24.no for interviewing me. https://lnkd.in/dkxQdk8n

297

25 Kommentarer

Best invest in Building and talking about Fusion power, space, maritime propulsion systems and industry as data centres are. Great Headline, Guardian on Nuclear fission. https://lnkd.in/g8sMZtpR People talk about Nuclear (meaning Fission) and fail to discuss fusion. https://lnkd.in/ge_aeX7M The nuclear fission industry is ignorant of what's happening around it. It must pull its collective uranium heads out of the sand and prepare to enter the commercially growing fusion energy industry. Fission is moving towards obsolescence at an ever-increasing pace, as it is "out of step, out of time, out of place, and soon to be out of Fuel" and merely temporary. https://lnkd.in/gbd_mZqk By 2028, Helion is expected to start producing electricity from its first fusion commercial power plant, which will provide electricity to Microsoft. The plant will produce at least 50 MWe after an initial ramp-up period. https://lnkd.in/gY9J3MQY Now, see what is happening in the world of the fusion industry. https://lnkd.in/g9hMBD7a As fission trebles, fuel shortage is increasingly real, https://lnkd.in/gze5rwpr

1

1 Kommentar

Capital spending for new nuclear plants? In the article below, the cost of a large nuke (AP1000) is indicated to be 9,350 to 13,200 USD/kW, corresponding to the Lazard figures of 8,475 to 13,925 USD/kW. This means a 1,120 MW plant will range from 10.5 to 14.8 BUSD (or a 1,600 MW range of 15 to 21 BUSD). It is argued that SMRs will come at a lower cost - but how does specific cost scale based on size? To further illustrate the question, one can show how equipment such as gas turbines specific cost scales on size (power). By a simple regression analysis of some 40 different gas turbine models, the specific cost for a gas turbine could be written (approximated) as 1.8 * (4098 * P^-0.0843 - 1216). Hence, it is more expensive per kW as its size decreases! The same holds for steam turbines... One can also show that the specific cost for combined cycles (GTCC) can be written as 1.8 * (337 + 6.58E4 * P^-0.38) - hence, again, the same behavior!!! The specific cost, and not the true cost, drives the LCOE! What will it look like if one plots the specific cost versus output for nukes, ranging from all SMR variants to regular large units? Do SMRs come at a lower specific cost? Another crucial factor to consider is the efficiency of steam turbines. A small steam turbine will always have a lower stage efficiency due to higher losses related to the row aspect ratio (blade height). This, in turn, significantly affects the LCOE, further highlighting the importance of efficiency in our cost analysis. Carl Berglöf Swedish Energy Agency

35

22 Kommentarer

In the 20 years since Equinor 's initial development of Kvitebjorn, using cesium formate brine to drill and complete its deep HP/HT gas wells, the field has produced over 100 billion cubic meters (bcm) of natural gas - far more than the original recoverable reserves estimate figure of 57 bcm. The UK's Centrica Energy signed 10 year contracts with Statoil/Equinor in 2002 and 2014 to take 5 bcm/year and I guess Kvitebjorn has delivered on schedule. 5 bcm/year represents around 7% of the UK's gas consumption

15

4 Kommentarer

🎱 etasca’s 8 🎱 – Weekly Roundup 1️⃣ Norway's Equinor has scrapped its plans to export blue hydrogen to Germany, citing high costs and insufficient demand. The project, between Equinor and RWE, aimed to build a hydrogen supply chain from Norway to Germany's hydrogen-ready power plants via the world's first offshore hydrogen pipeline. 2️⃣ Woodside Energy has completed its $2.35bn acquisition of OCI Clean Ammonia from OCI. The project, located in Texas, has a design capacity of 1 million tonnes per annum and is set to begin production by 2025. The next phase, targeted for 2026, will incorporate CCS technology. Linde and other Gulf Coast suppliers will provide feedstock, while ExxonMobil will deliver CCS services. 3️⃣ VTTI BV, backed by ADNOC Group and Vitol, is expanding its LNG investments in Asia as demand for the fuel grows across India, Bangladesh, Pakistan, and the Philippines. VTTI recently acquired a 50% stake in the UK’s Dragon LNG terminal, secured a majority stake in Italy’s Adriatic LNG, and is collaborating with Höegh Evi to develop a terminal in the Netherlands. 4️⃣ Contemporary Amperex Technology Co., Limited (CATL) has recently unveiled a new EV battery for electric busses. The new battery, 175 Wh/kg has 22% higher energy density than previous generations. It boasts a lifespan of up to 1.5 million kilometres, a 1-million-kilometrewarranty, and an IP69 rating, making it waterproof and dustproof, with mass production set to begin soon. 5️⃣ U.S. renewable diesel production capacity dropped by 299 MMgal/yr in July 2024 to 4.60 Bgal/yr, marking the largest decline on record, per EIA data. Despite heavy investments driven by government mandates, oversupply is outpacing demand. Demand for renewable diesel feedstocks like vegetable oils fell by almost 6%, while biodiesel feedstock demand rose by the same amount. 6️⃣ ADNOC Group has signed an investment agreement with German chemicals giant Covestro with ADNOC looking to become a top five global chemicals player. 7️⃣ The UK government has pledged up to £22bn in funding over 25 years to support its first CCS projects. The funding will cover two undersea carbon storage sites and pipelines with a combined capacity to store over 8.5 million tonnes of CO2 annually. The supported projects include bp and Equinor’s Net Zero Teesside gas-fired power station, the Protos energy-from-waste plant by ENCYCLIS and Biffa, and Essar's hydrogen production plant at the Stanlow refinery. 8️⃣ Future Biogas, one of the largest anaerobic digestion plant developers and operators in the UK, has announced that its majority owner, 3i Infrastructure plc, has signed an agreement to syndicate approximately 23% of its stake in Future Biogas to RWE Energy Transition Investments, a vehicle of RWE Supply & Trading.

19

🌬️ Thrilled to announce that Ramboll has been awarded the contract for the Front-End Engineering Design (FEED) services for the pioneering West of Orkney Windfarm offshore wind project developed by OWPL, a consortium of Corio Generation, TotalEnergies, and RIDG.   Following our successful Pre-FEED endeavours, Ramboll's expertise has been tapped once again to spearhead the development of FEED design services. During this phase, we will develop designs for up to 125 fixed-bottom #foundations with dual options - monopile and jacket. Our role is pivotal in providing comprehensive technical insights, including assessing steel quantities, identifying and mitigating risks to be as low as reasonably possible and preparing technical requirements. This data will empower the consortium to pinpoint the optimal foundation type for the subsequent phase of the project.   Our contribution extends beyond design, as we'll aid OWPL with identifying potential supply chain options for the fabrication of the fixed-bottom foundations and providing #CAPEX estimates for fabrication. Located about 30 km from Orkney’s west coast and 25 km from northern Sutherland, the West of Orkney Windfarm will operate in waters up to 70 meters deep. With an impressive 2 GW capacity and a timeline set to energize by 2030, the project has the potential to supply clean energy to over two million households.   #DecarbonizingForNetZero #ThePartnerForSustainableChange #OffshoreWindEnergy

392

4 Kommentarer

🌀In the TWAIN Project, Ramboll will improve and interface its existing toolset to the analyses from the other project partners. ✍️ Koen Hermans, Senior Consultant Wind Asset Management, says that "specifically, Ramboll is providing its expertise in structural monitoring of offshore wind turbines and their foundations, modelling operations and maintenance, and developing risk-based strategies." #twainproject #windpower #windenergy #windfarm _____ DTU Wind and Energy Systems | Centro Nacional de Energías Renovables (CENER) - National Renewable Energy Centre | Delft University of Technology | Technical University of Munich | F6S Innovation | ENGIE GREEN | Laborelec | EDF | Ramboll | SoftServe

12

The Division of Marine Technology at Chalmers Univesity of Technology proudly presents a new published paper on wave energy. In this paper, we have modelled two generations of the same type of wave energy converter, and compare their performance with respect to, e.g., motions and power performance. Both generations are used in different wave park designs and their performance is evaluated. Results from LCoE calculations are presented as one measure to compare the two generations of wave energy converters and their performance in the different wave park layouts.

75

These conclusions are likely with even stronger emphasis applicable to other electricity production systems than the Swedish one, here's a few: 1. Nuclear is cheaper in the long run 2. Heavy renewable dependency leads to high import demands 3. Extreme load follow demands on controllable production [Article below in Swedish language]

7

We finally got to kick-off our 3 year FFI project "Toward zero-emission 3D printed copper electrical motor Windings" (Z-3D Windings) from The Swedish Energy Agency at KTH last week. 🚛 💡 Thank you Sasan Dadbakhsh for the wonderful tour of your additive manufacturing facilities! Discussions involved: using electron beam to print electric motor copper winding designs (input from Xylem and Scania) with increased efficiency (fill-factor) and then isolation methods/materials and testing to evaluate in comparison to current electric motor windings. Not least, we discussed how Clever Compliance will work closely with the partners in the project to ensure compliance in this new production method and identify/quantify carbon footprints. Very excited to see what we acheive in this project!! Scania Group, Xylem, Nils Malmgren AB, Clever Compliance, KTH Royal Institute of Technology, RISE Research Institutes of Sweden Participants: Xiong X., Therese Källgren, Amit Kumar, Tobias Rydell, Nicolas Zander, Said Damoun, Sasan Dadbakhsh, Amir Rashid, Emil Hedlund, Saeed K., Magnus Edin #electricmotordesign #circulardesign #additivemanufacturing #copperwindings #electricaltesting #FFI #Energimyndigheten #insulation #acceleratedaging #electronbeammanufacturing

118

8 Kommentarer

Had a great time at #EAGE2024 earlier this week where I got to represent Equinor in a session on "Digitalisation for the next generation of energy hubs" together with the impressive Trygve Randen, Jan Schoolmeesters and James Brady. The session was expertly moderated by Michael Wynne and looked at how energy systems will increasingly rely on a diverse mix of energy sources and the challenges and opportunities this presents. Some of the highlights included: ✅ The importance of data standards to be able to integrate big data volumes across subsurface, onshore & business domains ✅The role governments will have to play related not only to policy and regulation, but to capital investments in infrastructure ✅The use of technology as a key enabler for data -driven decisions, operational efficiency & automation - leading to fully autonomous energy systems ✅The continued need for subsurface capabilities on the path to net zero and whether we will be able to build and attract this competence ✅ The possibilities energy hubs bring when it comes to integrating various energy sources to provide stable and reliable supply We may not have all the answers yet, but to me it was very inspiring to hear the perspectives and examples from my fellow panelists. One thing is for certain- there are exciting times ahead for all of us in the energy industry!

177

14 Kommentarer

In a published, peer-reviewed paper, professor Osmundsen, Dr Emhjellen-Stendal and myself concluded that Dogger Bank Wind Farm - soon to be the world’s largest offshore wind farm - likely will be unprofitable in terms of business economics. A frequent response to this research has been that it doesn’t matter. Unprofitability is a temporary problem, and will shortly de dispelled as the cost soon will diminish rapidly. Professor Osmundsen and I have now looked into the origin of this claim. Not only did we fail to uncover any significant backing of the claim, but instead, we found empirical evidence of the oposite. The costs have not decreased. They have increased. Check out out working paper and newspaper article for more details. https://lnkd.in/dxYVUZSe

29

Last week we published a facts-based (in contrast to opinion-based 😉) white paper on the actions required IF direct air capture is needed in the future to reach carbon neutrality but also the ambitious target of being 10 % carbon negative in Denmark by 2050. The aim of the white paper is to provide data to the general discussion, and the audience is everyone with an interest in carbon capture and negative emissions. The publication is based on the premises that: - DACCS should not be a license for the continued use of fossil fuels. It is already the Danish ambition to phase out all fossils by 2050. - DACCS is not in competition with CO2 capture from point sources, such as waste incineration and cement production, where CO2 can be removed much more efficiently. - DACCS should be seen as a supplement to methods that reduce our emissions - not as a replacement or distraction – and should only target residual and/or historic emissions. Based on these premises, we find nothing that should disqualify direct air capture from the climate action discussions. Yes, it is energy intensive, yes, it is expensive, yes, it a still at very small scale. We try to answer, how energy intensive is it? How costly is it? And, what is the scale needed, if direct air capture should be part of the technology portfolio, after we have exhausted the low(er) hanging fruit. If you are interested in reading more, you can download the white paper here (English and Danish): https://lnkd.in/ghsAmdKp 

111

1 Kommentar

🌍 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐚𝐬 𝐚 𝐊𝐞𝐲 𝐭𝐨 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐚𝐧𝐝 𝐖𝐞𝐥𝐟𝐚𝐫𝐞 𝐢𝐧 𝐍𝐨𝐫𝐰𝐚𝐲 𝐚𝐧𝐝 𝐄𝐮𝐫𝐨𝐩𝐞 Last month the Centre for Environment-friendly Energy Research HYDROGENi has contributed its hydrogen expertise to this year’s guidance document for policymakers, developed by SINTEF and Norges teknisk-naturvitenskapelige universitet (NTNU). The #2024 edition, unveiled at #Arendalsuka — Norway’s leading political festival — focuses on securing energy supply and welfare in #Norway and #Europe. Here are some of its highlights: 💡 𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝐏𝐨𝐥𝐢𝐜𝐲𝐦𝐚𝐤𝐞𝐫𝐬 As Europe strives for independence from Russian gas in light of recent geopolitical shifts, Norway’s role in energy security remains crucial, particularly through gas exports. However, with the #EU aiming for #climate #neutrality by #2050, future investments will shift towards renewable energy production, requiring Norway to rethink its approach to offshore wind, hydrogen development, and carbon capture and storage (CCS). 📄 The document, “Hvordan sikre energiforsyning og velferd i Norge og Europa” (“𝘏𝘰𝘸 𝘵𝘰 𝘚𝘦𝘤𝘶𝘳𝘦 𝘌𝘯𝘦𝘳𝘨𝘺 𝘚𝘶𝘱𝘱𝘭𝘺 𝘢𝘯𝘥 𝘞𝘦𝘭𝘧𝘢𝘳𝘦 𝘪𝘯 𝘕𝘰𝘳𝘸𝘢𝘺 𝘢𝘯𝘥 𝘌𝘶𝘳𝘰𝘱𝘦”), offers three key recommendations for Norwegian politicians to strengthen collaboration with Europe: 📌       Boost renewable energy production, supported by energy efficiency and infrastructure development. 📌       Make value chains for natural gas emission-free by 2050, with new fields targeted for 2040. 📌       Collaborate on large infrastructure projects, including CCS, hydrogen, and offshore grids. This #policy #framework was developed with input from FME centers and serves as a roadmap for sustainable energy collaboration between Norway and Europe. For more details on HYDROGENi’s participation in Arendalsuka, visit HYDROGENi’s website at the link below: ⬇️ https://lnkd.in/dvZ8rcnX #Hydrogen #EnergyTransition #Arendalsuka #Sustainability #RenewableEnergy #Norway #Europe #CCS #OffshoreWind #hydrogen #hydrogen #page #goal #team #teamwork #energy #transition #green #university #research #safety #value #project #linkedIn #technology #development #cooperation #PhD #course #greenhydrogen #hydrogeneurope #nh3 #industrialclusters #energytransition #shippingindustry #maritimetransport #emethanol #decarbonization #aviation #transport #transportation #bluehydrogen #FME #FMEs #clean #initiative #sustainablility #horizon #europe #maritime #marine #shipping #engineering

6

🌊 Today, Norges vassdrags- og energidirektorat (NVE) published a strategic impact assessment of three offshore areas identified as potential sites for offshore wind development in Norway. Explore the newest updates in the offshore wind sector with expert commentary from Tormod Ludvik Nilsen, Caroline Skaar Landsværk, Kaare Christian Tapper, Christian James-Olsen, Nora Agnalt and Eirik Finserås.   Read the newsletter here: https://lnkd.in/dCQAE6xp NVE has published key recommendations for offshore wind development. These recommendations provide a strong indication for where, and under what conditions, offshore wind will be developed in the foreseeable future.   📌Highlights: ✅ Expand capacity in Vestavind F (up to 750 MW). ✅ Open a new project area in Sørvest F. 🚫Postpone development in Vestavind B due to conflicts with petroleum, shipping, and aviation.

11

🌍 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝘂𝗿𝗯𝗮𝗻 𝗱𝗿𝗼𝗻𝗲 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝘄𝗶𝘁𝗵 𝗔𝗜🚁 We are proud to share our groundbreaking work on AI-based wind and turbulence prediction for urban drone operations, presented by Mandar Tabib, Senior Research Scientist at SINTEF, Norway. Here's a quick summary of the key takeaways: 🔹 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲: Urban environments create complex wind and turbulence patterns due to buildings and terrain, complicating safe drone operations. 🔹 𝗔𝗜 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲: Traditional physics-based models are computationally intensive. AI offers a faster alternative, generating wind dynamics in seconds, ideal for real-time drone path planning. 🔹 𝗠𝗲𝘁𝗵𝗼𝗱𝗼𝗹𝗼𝗴𝘆: •Data generated through Computational Fluid Dynamics (CFD) simulations across 32 wind scenarios. •AI trained on mesoscale wind inputs to predict micro-scale patterns. •Integrated with Reinforcement Learning to guide drones away from turbulence hotspots. 🔹 𝗥𝗲𝘀𝘂𝗹𝘁𝘀: The AI model is ~1000x faster than traditional methods and highly accurate within its training data range, with ongoing efforts to improve generalization. 🔹𝗥𝗲𝗮𝗹-𝘄𝗼𝗿𝗹𝗱 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Users input date, time, and location for real-time flow field insights, enhancing drone safety and efficiency. 🤝 This work underscores the potential of AI to revolutionize urban airspace management. Thank you to our partners and funding sources for their invaluable support! 💬 Questions? Feedback? Let’s discuss in the comments! #Ai4Hydrop #UrbanDrones #ArtificialIntelligence #Innovation #SESAR https://lnkd.in/dKg8Xabu

5

Hypex Bio Explosives Technology, a pioneering force in explosive technology, is setting new standards by making mining operations safer and more sustainable. Their revolutionary green explosive not only significantly cuts emissions but also enhances worker safety and reduces environmental impact.   The Swedish company, with its ambitious growth plan, needed a flexible system capable of quickly adapting to local regulatory requirements in new markets. The solution? SAP S/4HANA Cloud Public Edition, providing the agility and scalability required to navigate complex regulations and drive sustainable growth.   At SAP, we are committed to empowering companies like Hypex Bio to innovate and lead the way toward a cleaner future. Together, we are reshaping industries, proving that business growth and environmental responsibility can go hand in hand.   Read more about this exciting development and how SAP is empowering innovation here: https://lnkd.in/dtXAfsSU   #GROWwithSAP #Sustainability #Innovation Blake Morgan Antti Soini Alexander L. Malin Knutsson Mikael Kristiseter Eva Spjuth Christian Coster Ulrika Wass Ari Pussinen Stretch Evolve Robert Håkland Prashant Vimal Malin Anjou  

60

Danish Offshore Technology Conference 2024: Gain insights on nuclear in the energy transition when Bent Lauritzen, Senior Researcher and Head of Centre for Nuclear Energy Technology at DTU Physics, will share perspectives on nuclear power as part of the Danish energy system. Global nuclear energy capacity is projected to nearly triple by 2050, primarily focusing on producing CO2-free baseload electricity with minimal environmental impact. Small modular reactors, especially advanced nuclear technologies like molten salt reactors, offer even greater potential by generating both electricity and industrial heat. Nuclear energy can significantly enhance energy security. However, concerns about safety, waste management, and the costs of new nuclear developments, along with the challenges of integrating nuclear power into a grid increasingly dominated by variable renewable energy sources, make it a heavily debated technology - even in Denmark. This presentation will explore several key questions: What is the future of advanced nuclear energy? Could nuclear waste serve as a valuable energy resource? And what role might nuclear energy play in Denmark's energy system? This year, our technology conference will share insights into future scenarios for the offshore energy transition in the North Sea focusing on digitalization, innovation, technology, and energy policy. In addition to keynote presentations, there will be technical deep dive sessions with time to explore research, review data, and results in areas including Offshore Energy Infrastructure, Subsurface Storage of CO2, Marine Environment, and Offshore Water Management. Bent Lauritzen's presentation is part of the latter. The conference also provides great networking opportunities with the Brella 1:1 matchmaking tool and the always popular poster session. Danish Offshore Technology Conference 2024 📆 November 19, 2024 📍 Tivoli Hotel & Congress Center, Copenhagen Learn more about the programme and secure your spot: https://lnkd.in/dXFGWvUk #TC24 #offshore #technology #energytransition DTU - Technical University of Denmark

26

2 Kommentarer

The willingness to pay is much higher that we think! Today, I would like to let you know the conclusions of an study that we at Ramboll together with the Climate Group have done about the willingness to pay in the steel and cement sectors (link in the comments). As you can see from the figure about the steel sector, 45% of respondents say that they are willing to pay a premium for CO2 reductions exceeding 25%, and 57% would be willing to pay a premium or CO2 reductions exceeding 50%. Similarly, for concrete, 40% of respondents say that they are willing to pay a premium for CO2 reductions exceeding 25%, and 49% would be willing to pay a premium for CO2 reductions exceeding 50% However, it is still a long way to go and actions are demanded. The responses show the broad spectrum of policies and initiatives that will individually and collectively contribute to this multifaceted transformation. Crucially, many of the most important pieces of the decarbonisation policy puzzle are not directly linked to steel and concrete. Respondents highlighted carbon pricing (indicated by 50% of respondents), embodied carbon limits (43%), clean energy policies (34%), circularity initiatives (34%), and green building codes (31%), to name a few examples.

41

5 Kommentarer