Thomas Key Kristiansen

The Norwegian Development Fund has highlighted that divesting from fossil fuels alone won't suffice to achieve net zero emissions. Divestment, which involves withdrawing investments from fossil fuel companies, is a significant step but not a complete solution. The Fund emphasizes that active engagement with companies is crucial to drive substantial changes. Engaging allows investors to influence corporate behaviors and push for transparency and reduced carbon emissions. This approach aligns with broader strategies discussed globally, where a combination of divestment, engagement, and activism is considered most effective. For instance, while the Norwegian Government Pension Fund Global has reduced its investments in oil and gas, it also advocates for supporting businesses transitioning to greener practices. This multifaceted strategy ensures that the capital is not just removed from polluting industries but is also used to support sustainable development and technological innovations that are critical for achieving global climate goals . . Join us in accelerating change! Visit net-zeroclub.co.uk to explore sustainable solutions. . . #netzero #climateaction #sustainableinvesting

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📍 Sweden has submitted its National Energy and Climate Plan (NECP)! In our most recent assessment of the National Energy and Climate Plans (NECPs), we take a closer look how Sweden in developing a CCS strategy in its national strategy! 1️⃣ CO2 capture: Although the Plan does not include a specific target on CO2 capture, it does provide an assumption of capturing 1.5 Mt of CO2 by 2030. 2️⃣ CO2 transport: The Plan only mentions CO2 transport via ship transportation, without any direct mention of infrastructure support. 3️⃣ CO2 storage: Storage is not specifically mentioned, but Sweden is looking to cooperate with Norway to assess the potential of storage sites. 4️⃣ Financial resources: Funding is directly available for CO2 removal technologies. For point source CCS, financial resources are allocated from a single funding programme. Overall, Sweden is moving towards a national CCS strategy. On top of that, the Swedish CCS community is being supported by the Industrial Leap Programme which is currently deploying €130 million per year until 2031. Clearly, CCS in Sweden is becoming a dynamic field worth keeping an eye on, and we're eagerly awaiting to see what's next! 👉 Have a look at our grading scale here, and stay tuned as we continue to delve into the final NECP of other Member States! https://lnkd.in/eEfcZJKN

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Vår Energi extends long-term gas delivery agreement with the European energy major VNG Handel & Vertrieb GmbH. 😀 👍     The agreement includes delivery of up to five billion cubic meters natural gas over a 12-year period (2024-36) – demonstrating Europe's trust in Norway as an important energy provider and the need to ensure long-term energy supply.     Vår Energi is committed to continue to be a reliable and secure producer of natural gas, providing energy to households, communities, and businesses across the continent for decades to come.      As Norway’s second largest exporter of natural gas, Vår Energi will continue to explore for further petroleum resources across the Norwegian Continental Shelf. 💪   The agreement builds on the long-standing relationship between Vår Energi and VNG, dating back to the early 1990s.  More on our website.   #energy #energysupply #oilandgas #vårenergi

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Acelerex is pleased to host a 🌟 LIVE In-Depth Training Seminar: Grid Batteries: Valuation, Design, Procurement, and Operations taking place on August 6-7!🌟 This seminar is packed with valuable insights into: 🔋 Battery technologies 🔋 Value stacking 🔋 Policy planning 🔋 Procurement strategies 🔋 AI, blockchain applications, and big data analytics for energy storage Whether you're new to the field or looking to enhance your expertise, this training is essential for staying ahead in the rapidly evolving energy storage industry. 🎯 Don't miss this opportunity to elevate your skills and knowledge! Secure your spot today! #BatteryEnergyStorage #GridBatteries #EnergyStorage #AI #Blockchain #BigData #Training #Acelerex #EnergyInnovation

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Join us this Thursday, 5th September, for our World Energy Transition Conference! https://bit.ly/3wFMpaC Come and listen to insightful presentations from industry leaders about the transition to a low-carbon energy future. Jon Ødegård Hansen, Head of Energy Scenarios at Rystad Energy, will explore decarbonisation pathways for the downstream sector in his presentation, ‘Global Energy Scenarios: How to Decarbonise the Downstream Sector’. Cory Marcon, Industry Manager at Endress+Hauser Group, will present on ‘Hydrogen Quality & Quantity Measurement.’ Cory’s presentation will cover the framework for ensuring high fidelity in the quality and quantity measurements of hydrogen at scale. Finally, Alan Gelder, VP Refining, Chemicals & Oil Markets at Wood Mackenzie, will argue that ‘Despite Refining Resilience, Refiners Must Plan to Adapt to Thrive.’ Alan will provide an overview of Wood Mackenzie’s global market outlook for refining and petrochemicals, and explain why now is the time for refiners to plan to adapt in order to thrive during the energy transition, If you haven’t signed up yet, there’s still time! Click here to register for your free place: https://bit.ly/3wFMpaC 

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Eco Wave Power Global AB, a leading, publicly traded onshore wave energy developer, applauds Representatives Nanette Barragán (CA-44) and Suzanne Bonamici (OR-01) for the introduction of the Marine Energy Technologies Acceleration Act, legislation that would invest $1 billion to advance marine energy toward full scale #commercialization. Marine energy harnesses the power from waves, tides, currents, and other water-based resources to generate a clean energy resource that can provide reliable 24/7 clean power to communities. The Marine Energy Technologies Acceleration Act would provide unprecedented levels of funding to the Department of Energy’s Waterpower Technologies Office for demonstration projects, research and development, detailed resource potential mapping, workforce development, and more efficient permitting processes. “Nearly 40 percent of the U.S. population lives in coastal communities where marine energy resources are abundant and offer tremendous potential to power our communities with clean, renewable energy, including #California,” said Rep. Barragán. “With the Marine Energy Technologies Acceleration Act, we can usher in an emerging clean energy resource to help our nation and our communities meet clean energy and decarbonization goals, reduce pollution, and create high-paying jobs.” “The scale of the climate crisis requires us to use every possible approach to rapidly transition to a clean energy economy. Marine energy has the potential to tap into the immense power of the ocean, but the industry’s progress has been hampered by inconsistent and limited federal investment. I’m grateful to introduce the Marine Energy Technologies Acceleration Act with Representative Barragán to catalyze the development of the marine energy field and support the coastal communities where technology demonstrations occur. These investments will create good clean technology jobs and reduce climate-warming greenhouse gas emissions.” said Rep. Bonamici. This federal legislation comes in parallel to the upcoming wave energy demonstration project to be implemented by Eco Wave Power and Shell MRE at Altasea at the Port of Los Angeles, where Eco Wave Power is set to install the first U.S. onshore wave energy pilot station in the coming months. Representative Barragán has already visited Eco Wave Power’s installation site and was impressed by the abundant possibilities for wave #energy implementation in #California and in the #UnitedStates. The legislation is cosponsored by Representatives Suzanne Bonamici (Ore.), Ed Case (Hawaii), Rashida Tlaib (Mich.), Kevin Mullin (Calif.), Val  Nanette Barragan AltaSea at the Port of Los Angeles Port of Los Angeles Jenny Krusoe Terry Tamminen Inna Braverman To share your startup story write us on - [email protected]

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Could North Africa become a key enabler of Europe’s transition to greener power? Research from Rystad Energy has shown that the vast renewable potential of North Africa could become a critical component of Europe’s accelerating transition to a greener power sector. "North Africa's renewable energy potential aligns well with Europe's goal of reducing reliance on Russian natural gas,” remarked Nivedh Das Thaikoottathil of Rystad Energy. “The region’s geographic proximity makes it a natural fit for buyer-seller relationships, leading to large-scale solar and wind projects, along with subsea cables across the Mediterranean and even to the UK. Wind power in Europe peaks during the winter while solar power peaks in the summer, offering a chance to balance power supply fluctuations. This helps diversify energy sources and reduce fossil fuel use in Europe's power sector.” Learn more about this story at: https://zurl.co/XXH3 #Renewables #NorthAfrica #EnergyTransition #EuropePower #EuropeTransition #Solar #Wind

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Happy to have contributed to this article in Financial Times with Vegard Wiik Vollset about Statkraft and how they are now scaling back their plans for wind, solar, and hydrogen due to lower electricity prices and higher investment costs. Thanks to Mari Nøvik for an interesting read! Elliot Busby, Laura Rodríguez Skaug https://lnkd.in/dyNBPnGf

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In Ember's Global Electricity Review 2024, the data reveals the extensive development of solar and wind projects in 2023, heralding a pivotal moment in the energy sector. Read more: https://lnkd.in/dCn5sE9z #RenewableEnergy #Sustainability

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🎊 We're thrilled to welcome European Energy as a Silver Sponsor of World Hydrogen Derivatives, a part of World Hydrogen Week (30 September - 4 October 2024, Copenhagen) European Energy develops, finances, constructs and operates wind and solar farms as well as large-scale PtX plants. Based in Copenhagen, Denmark, the company was founded in 2004. At the beginning of 2024, European Energy owned more than 1 GW of operational renewable energy projects and is active in 28 countries. European Energy has a development pipeline of around 60 GW of renewable energy projects and has more than 700 employees. For more information, please visit: www.europeanenergy.com -- ☄️Join the 2nd Annual World Hydrogen Derivatives event will take place this September in Copenhagen. Be at the forefront of the hydrogen revolution and connect with industry leaders, policymakers, investors, and innovators as they delve into the latest advancements, trends, and opportunities in hydrogen derivatives. 👇This is the only event to explore how hydrogen derivatives such as ammonia, methanol, LOHCs and more are decarbonising key industries. Join 3,500+ hydrogen professionals for World Hydrogen Week in Copenhagen for a week of knowledge-sharing, innovation and networking with the ultimate goal of achieving a net-zero economy. 🎟️ Register here to secure your place: https://lnkd.in/d_bYQaJn 📖 Download the brochure for more information: https://lnkd.in/d7jhy4aM #WorldHydrogenWeek #Hydrogen #HydrogenEvent #HydrogenCertification #HydrogenRegulation #HydrogenTechnology #HydrogenFinance #HydrogenInvestment #HydrogenIndustry #CleanHydrogen #GreenHydrogen #Copenhagen #WorldHydrogenDerivatives #WorldHydrogenIntelligenceDay #GlobalHydrogenProjectSummit #WorldHydrogenCongress #WHC #WHD

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By creating hydrogen through power-to-X, Norway can accelerate renewables, boost export opportunities, and strengthen the grid. Read our report to find out how ➡️ https://ow.ly/gOS950T2Qq3

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Did you know that Tonga is the second most climate-vulnerable country in the world?   The island nation faces severe risks from extreme weather and rising sea levels due to climate change. Like many Pacific Island states, Tonga relies heavily on imported diesel, which accounts for 90% of its electricity.     The Tonga Renewable Energy Project (TREP), financed by the Green Climate Fund (GCF) and the Asian Development Bank (ADB), aims to help the country transition to renewable energy, with a target of 70% by 2030.     Norway is the seventh biggest contributor to the Green Climate Fund in addition to supporting other funds and mechanisms helping developing nations achieving low-emission, climate-resilient development in the region.     During the Pacific Islands Forum, Deputy Foreign Minister Andreas Motzfeldt Kravik and Ambassador Riise Anne Grete visited the Tonga Renewable Energy Project, observing solar and battery technology assisting local communities.     – We feel like we have a moral obligation, a legal obligation and a political obligation to assist our counterparts here in the Pacific; to help countries across the globe finding sustainable solutions in order to transition into a greener economy, said Mr. Kravik during an interview with the Green Climate Fund. #ClimateAction #RenewableEnergy #PIFLM53 #EnergyTransition #SIDS Guro Engell Kanton | Carina Ekornes

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Statkraft has announced plans to streamline its investment strategy, focusing on hydropower and other renewable energy projects in select regions. The company will concentrate on markets in Norway, Europe, and South America, aiming to increase efficiency, achieve greater scale, and boost competitiveness. The energy giant reaffirmed its commitment to Norwegian hydropower. “Statkraft’s assets and investment plans in the Nordics remain robust,” the company stated, highlighting ongoing onshore wind initiatives and capacity upgrades at five major Norwegian hydropower plants. Offshore wind development in Northern Europe will also be pursued, with a target of developing 6-8GW in collaboration with partners by 2040. Additionally, the company aims to establish itself as an industrial developer of green hydrogen, with plans to deliver 1–2 GW by 2035. Statkraft will exit certain regions to align with this sharpened strategy. The company plans to divest its onshore wind, solar, and battery assets in the Netherlands and Croatia. In India, Statkraft will also sell off its hydropower and solar projects. In Europe, Statkraft is optimizing its renewable energy portfolio to enhance profitability. The company aims to boost its annual solar, wind, and battery storage capacity to 2–2.5GW starting in 2026. Read more: https://lnkd.in/e53iUJZM #hydropower #divestment #statkraft

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Have you read Aline Nippert's article 'Europe’s Blue Hydrogen Plans Risk Generating Annual Emissions on par With Denmark'? Catch our summary here! 📚👇 Billed by the fossil fuel industry as a climate solution, dozens of planned blue hydrogen projects in Europe could consume more natural gas than a country like France, and produce emissions on a par with Denmark. The findings raise new questions over blue hydrogen’s climate impact at a pivotal moment for the industry, with EU officials deliberating over whether the technology should count as “low-carbon” – and thus qualify for billions of euros in subsidies. The term blue hydrogen is used to describe hydrogen made from natural gas, where carbon capture and storage (CCS) technology is deployed to trap much of the copious amounts of carbon dioxide (CO2) generated during the production process, then bury it underground. The hydrogen can then be used as a feedstock for industry, or burned in turbines, or used in fuel cells to generate heat or electricity, or power electric vehicles. The months-long data analysis revealing the true climate cost of blue hydrogen was carried out by DeSmog, in collaboration with a scientist, and reviewed by two other energy experts. Don't miss the full article here! 🔗 https://loom.ly/cHeyIcM

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