The receiving dock at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024.
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Norway’s government wants to show the world it is possible to safely inject and store carbon waste under the seabed, saying the North Sea could soon become a “central storage camp” for polluting industries across Europe.
Offshore carbon capture and storage (CCS) refers to a range of technologies that seek to capture carbon from high-emitting activities, transport it to a storage site and lock it away indefinitely under the seabed.
The oil and gas industry has long touted CCS as an effective tool in the fight against climate change and polluting industries are increasingly looking to offshore carbon storage as a way to reduce planet-warming greenhouse gas emissions.
Critics, however, have warned about the long-term risks associated with permanently storing carbon beneath the seabed, while campaigners argue the technology represents “a new threat to the world’s oceans and a dangerous distraction from real progress on climate change.”
Norway’s Energy Minister Terje Aasland was bullish on the prospects of his country’s so-called Longship project, which he says will create a full, large-scale CCS value chain.
“I think it will prove to the world that this technology is important and available,” Aasland said via videoconference, referring to Longship’s CCS facility in the small coastal town of Brevik.
“I think the North Sea, where we can store CO2 permanently and safely, may be a central storage camp for several industries and countries and Europe,” he added.
Storage tanks at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024.
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Norway has a long history of carbon management. For nearly 30 years, it has captured and reinjected carbon from gas production into seabed formations on the Norwegian continental shelf.
It’s Sleipner and Snøhvit carbon management projects have been in operation since 1996 and 2008, respectively, and are often held up as proof of the technology’s viability. These facilities separate carbon from their respective produced gas, then compress and pipe the carbon and reinject it underground.
“We can see the increased interest in carbon capture storage as a solution and those who are skeptical to that kind of solution can come to Norway and see how we have done in at Sleipner and Snøhvit,” Norway’s Aasland said. “It’s several thousand meters under the seabed, it’s safe, it’s permanent and it’s a good way to tackle the climate emissions.”
Both Sleipner and Snøhvit projects incurred some teething problems, however, including interruptions during carbon injection.
Citing these issues in a research note last year, the Institute for Energy Economics and Financial Analysis, a U.S.-based think tank, said that rather than serving as entirely successful models to be emulated and expanded, the problems “call into question the long-term technical and financial viability of the concept of reliable underground carbon storage.”
‘Overwhelming’ interest
Norway plans to develop the $2.6 billion Longship project in two phases. The first is designed to have an estimated storage capacity of 1.5 million metric tons of carbon annually over an operating period of 25 years — and carbon injections could start as early as next year. A possible second phase is predicted to have a capacity of 5 million tons of carbon.
Campaigners say that even with the planned second phase increasing the amount of carbon stored under the seabed by a substantial margin, “it remains a drop in the proverbial bucket.” Indeed, it is estimated that the carbon injected would amount to less than one-tenth of 1% of Europe’s carbon emissions from fossil fuels in 2021.
The government says Longship’s construction is “progressing well,” although Aasland conceded the project has been expensive.
“Every time we are bringing new technologies to the table and want to introduce it to the market, it is having high costs. So, this is the first of its kind, the next one will be cheaper and easier. We have learned a lot from the project and the development,” Aasland said.
“I think this will be quite a good project and we can show the world that it is possible to do it,” he added.
Workers at an entrance to the CO2 pipeline access tunnel at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024.
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A key component of Longship is the Northern Lights joint venture, a partnership between Norway’s state-backed oil and gas giant Equinor, Britain’s Shell and France’s TotalEnergies. The Northern Lights collaboration will manage the transport and storage part of Longship.
Børre Jacobsen, managing director for the Northern Lights Joint Venture, said it had received “overwhelming” interest in the project.
“There’s a long history of trying to get CCS going in one way or another in Norway and I think this culminated a few years ago in an attempt to learn from past successes — and not-so-big successes — to try and see how we can actually get CCS going,” Jacobsen told CNBC via videoconference.
Jacobsen said the North Sea was a typical example of a “huge basin” where there is a lot of storage potential, noting that offshore CCS has an advantage because no people live there.
A pier walkway at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024.
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“There is definitely a public acceptance risk to storing CO2 onshore. The technical solutions are very solid so any risk of leakage from these reservoirs is very small and can be managed but I think public perception is making it challenging to do this onshore,” Jacobsen said.
“And I think that is going to be the case to be honest which is why we are developing offshore storage,” he continued.
“Given the amount of CO2 that’s out there, I think it is very important that we recognize all potential storage. It shouldn’t actually matter, I think, where we store it. If the companies and the state that controls the area are OK with CO2 being stored on their continental shelves … it shouldn’t matter so much.”
Offshore carbon risks
A report published late last year by the Center for International Environmental Law (CIEL), a Washington-based non-profit, found that offshore CCS is currently being pursued on an unprecedented scale.
As of mid-2023, companies and governments around the world had announced plans to construct more than 50 new offshore CCS projects, according to CIEL.
If built and operated as proposed, these projects would represent a 200-fold increase in the amount of carbon injected under the seafloor each year.
Nikki Reisch, director of the climate and energy program at CIEL, struck a somewhat cynical tone on the Norway proposition.
“Norway’s interpretation of the concept of a circular economy seems to say ‘we can both produce your problem, with fossil fuels, and solve it for you, with CCS,'” Reisch said.
“If you look closely under the hood at those projects, they’ve faced serious technical problems with the CO2 behaving in unanticipated ways. While they may not have had any reported leaks yet, there’s nothing to ensure that unpredictable behavior of the CO2 in a different location might not result in a rupture of the caprock or other release of the injected CO2.”
The iconic electric car is due for a revival. Nissan’s next-gen LEAF was officially spotted testing in the US, giving us our best look at the upcoming EV so far.
Nissan’s next-gen LEAF spotted in the US testing
After launching the LEAF in 2010 as the first mass-market EV, Nissan’s electric hatch won over many buyers with its low starting price and comfortable drive.
Fast forward 15 years and almost every automaker has an electric car. The LEAF is falling out of favor with new electric models with more range, faster charging, and advanced new technology.
Nissan is preparing to change that. The Nissan LEAF is due for a refresh, and from what we’ve seen so far, it will undergo a complete overhaul.
After ending production at its UK facility almost a year ago, Nissan is getting ready to launch a new wave of electric vehicles.
The first will be its next-gen LEAF. Nissan is shaking things up with the new model as it looks to revamp the LEAF for the modern age. Nissan said its Chill-out concept, revealed in 2021, gave us a preview of what to expect.
According to sources who have seen the new EV, Nissan’s next-gen LEAF will be more of a crossover coupe than a hatchback. One even described it as a “mini Ariya,” Nissan’s larger electric SUV. However, it’s still expected to be smaller and more sporty than the Qashqai and Juke models.
With its debut just around the corner, Nissan’s next-gen LEAF was recently spotted testing with Michigan plates on. The new image from KindelAuto reveals its new crossover-like design.
Despite the camouflage, you can see its design sways from the original LEAF with a sportier stance and smoother profile.
Nissan is expected to begin building the new LEAF at its UK plant as early as spring 2025. Check back for more info leading up to its debut.
What do you think of the LEAF’s new look? Will the compact electric car make a comeback as a crossover? Let us know what you think in the comments.
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We’re kicking off another week of Green Deals, with today’s offers following behind NIU’s latest sale that has dropped its 40-mile trekking KQi3 Max Electric Kick Scooter to $600, coming in $1 above its Black Friday/Cyber Monday pricing, among other models. We also spotted Camplux’s Nano 3 Max Portable Water Heater and Shower falling to its $360 low, as well as Jackery’s Explorer 1000 v2 Portable Power Station hitting $499, with other on-the-go backup power options as well. Lastly, we have a one-day discount on the budget-friendly Snow Joe 24V ION+ 13-inch Single-Stage Cordless Electric Snow Shovel for $159, but keep in mind that the deal only lasts until midnight. We also have all the other hangover Green Deals from last week in the links at the bottom of the page, collected together in our Electrified Weekly roundup from over the weekend.
Go the distance on NIU’s KQi3 Max electric kick scooter with a 40-mile travel range at $600
NIU is offering ongoing savings through January 23 across its KQi-series e-scooters for folks looking to add a new solution to commuting needs at affordable rates. With so many models dropping back to their lowest prices, one notable standout for those who want to go the distance is NIU’s KQi3 Max Electric Kick Scooter at $599.98 shipped. Normally running at a much steeper $999 full rate, we’ve seen discounts mainly taking this model down around $700 most sales, with Black Friday/Cyber Monday sales dropping things to the $599 low. It’s coming in during this sale at only $1 higher, giving you the second-lowest price we have seen to date while saving you nearly $400 in the process. You’ll also find this model matching in price over at Amazon.
One of the best e-scooters under NIU’s flag for folks in need of longer-range travel support, the KQi3 Max e-scooter can go the distance thanks to its 608.4Wh battery that carries riders up to 40 miles on a single charge. You’ll be cruising through your commute at up to a max of 23.6 MPH, after unlocking the speed in the app – with its 450W motor even able to peak in power enough to conquer up to 25% inclines, which beats out a majority of other competitors on the market.
The NIU KQi3 Max e-scooter has been given a triple braking system for ensured stopping power, with one of them being a regenerative brake that recycles energy for extended travels. Everything sits atop two self-healing tires for rides along questionable terrain (or even streets littered with glass, nails, and more), as well as a halo headlight, brake lighting, and smart controls via the app, which includes unlocking those higher speeds and even locking the scooter when you’re not riding.
Shower anywhere with Camplux’s Nano 3 Max portable water heater with pet-friendly hoses at $360 low
Camplux’s official Amazon storefront is bringing costs back to their lowest rate on the brand’s latest Nano 3 Max Portable Water Heater and Shower for $359.99 shipped, after clipping the on-page $80 off coupon. This new model released in November carrying a $440 price tag, which we saw drop for the first time to $360 during early Christmas sales. You’re getting a second chance here today at its lowest price to date, saving you $80 while equipping your out-of-home ventures with a reliable means to heat water and shower – with attachments for your pets too!
The Camplux Nano 3 Max is a perfect addition to travel kits – regardless of if you’re tackling the open road or settling down for weekend camping. The battery-powered unit uses a small propane tank (for the lowest emissions) to provide you with hot water in a matter of seconds, delivering up to 100 minutes of continuous use on one full 3-hour charge, so long as you keep its submersion pump in a water source. The shower function provides three adjustable spray modes, with a secondary pet shower hose included for your furry companions.
Right now, you can save a little extra money by going with the brand’s Nano 3 Pro counterpart, which is down at $339.99 shipped, after clipping the on-page $60 off coupon. The main difference here is the battery lasts 10 minutes shorter and doesn’t include and pet-focused hoses like the above model, but it’s still an equally handy devices to have available on your travels.
For those looking to update their home’s showers, you can also land Camplux’s 18kW or 27kW electric tankless water heaters at their lowest prices right now starting from $240.
Score $300 in savings on Jackery’s Explorer 1000 v2 LiFePO4 power station for your 2025 trips at $499
Its direct New Year sale may be over, but Jackery is still offering some select ongoing deals through its official Amazon storefront, like the price cut we’re seeing on the Explorer 1000 v2 Portable Power Station that has kept costs down at $499 shipped. This unit would normally run you $799 on other days, with this discount repeating the same pricing we saw in the brand’s most recent New Year event, with it only beaten out by its $459 Black Friday rate and the $399 Cyber Monday low. You’ll save $300 here today at the third-lowest price we have tracked, giving you one of the brand’s latest releases at one of its best prices to date. There is a bundle option available that gives you the power station with a 200W solar panel for $749, down from $1,299.
Jackery’s newer Explorer 1000 v2 delivers some serious power output from a compact unit, with its upgraded 1,070Wh LiFePO4 capacity able to pump power out at up to 1,500W on the regular, with it surging up to 3,000W for those larger appliance needs. There’s a solid mix of seven port options to connect to/from – with three ACs, two USB-Cs, one USB-A, and a car port. Hooking it up to a wall outlet will refill the battery in 1.6 hours, with that time cut down to just one hour with the emergency charging features activated through the smart controls on the app. You can also take advantage of its 600W maximum solar input to get a full battery in three hours via the sun’s rays.
Other notable Jackery on-the-go power station deals:
Clear snow on a budget with Snow Joe’s 24V ION+ 13-inch cordless electric snow shovel bundle at $159 (Today only)
The first thing you might consider with this snow shovel from Snow Joe is the fact that you’ll be saving plenty more space in your garage or shed over larger, more traditional snow blowers. This more compact tool makes a 13-inch wide path through the powder with a depth of six inches – and all without the noise/fumes from gas-guzzling counterparts or the need for any extension cords. Snow is cleared out via the 2-blade paddle auger and tossed up to 20 feet out of your walkways/driveways, with the battery even coming interchangeable with other Snow Joe and Sun Joe equipment you may already have.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
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Southern California Edison did not detect any electrical anomalies from its equipment in the hours before the outbreak of the Eaton Fire in the Los Angeles area, the CEO of the utility’s parent company said Monday.
Four transmission lines in the Eaton Canyon area showed no signs of interruptions or anomalies in the 12 hours prior to the fire’s start time, the utility told the California Public Utilities Commission in an incident report.
Electrical anomalies are typically seen when equipment sparks, Edison International CEO Pedro Pizarro told CNBC’s “Money Movers.”
“There may be some other mechanism here. Unfortunately, we have not been able to get up close to the lines yet,” Pizarro said. The CEO promised to be transparent with the public as the company continues its investigation.
Pizarro’s comments come as Edison International shares fell 11% and hit a fresh 52-week low intraday, as wildfires continue in Southern California. The Eaton Fire is the second-largest of the three ongoing blazes. It has killed at least 17 people, as it burned through more than 14,000 acres and destroyed or damaged thousands of structures since it began last Tuesday. The fire is currently 33% contained.
After the CEO’s appearance, Bloomberg reported that a lawsuit was filed against the company’s southern California subsidiary by a group of residents and business owners who allege the utility’s power lines sparked the fire. CNBC reached out to the company for comment.
Fire agencies are investigating whether Southern California Edison equipment played a role in the start of the smaller Hurst Fire, according to statement from the utility on Sunday. The Hurst blaze is 95% contained after burning through nearly 800 acres since last Tuesday.
Preliminary information indicates Edison equipment experienced an electrical anomaly one minute after the Hurst Fire reportedly started, according to the company. A downed powerline was also found at a tower. Pizarro said it’s unclear whether the damage happened before or after the fire started.