Energy Innovations: Dominion, Tesla, Amazon & More
1.) Dominion Energy subsidiary Virginia Electric & Power to acquire the 40,000 acre, 800 MW Kitty Hawk North Wind offshore wind lease for close to $160 million.
2.) Calpine signs a cost share agreement with U.S. DOE’s Office of Clean Energy Demonstrations for full-scale carbon capture demonstration project intended to capture 95% of the CO2 emissions from two of the three turbines at the company’s Baytown Energy Facility.
3.) Amazon is ahead of schedule in cutting carbon emissions, and pressuring higher emitters in its supply chain to do the same. The company has a newly established website called Amazon Sustainability Exchange, offering case studies and playbooks to help.
4.) Tesla deploys 9,400 MWh of energy storage in Q2 2024, up 131% over Q1 previous quarter, and 157% over Q2 of 2023. To put Tesla number in perspective, the U.S. installed 24,000 MWh in all of 2023. The company’s pricing for its 1.9 MW/3.9 MWh Megapack plummeted 44% over the past 14 months.
5.) BP’s Annual Energy Outlook foresees oil demand peaking next year at 102 million barrels per day, w/carbon emissions also predicted to peak in the mid 2020s.
6.) Canary Media reports Rondo Energy’s thermal industrial heat batteries are now in six U.S. and European sites with end uses ranging from food and beverage processing to chemicals and cement production. Rondo’s tech uses resistance heating and brick blocks that can be heated with electricity to 1,500 degrees C.