Major power companies held earnings calls in recent weeks to share their focus on issues such as expanding renewables and the role of hydrogen under a national push for 100 percent clean electricity. Additionally, CEO’s discussed how the COVID-19 pandemic is threatening to delay solar projects and defer grid maintenance. To learn more, read “CEOs outline 3 trends hitting electricity.” Reading this article may require a subscription.
Here are the issues that major electric companies are focused on as 2020 winds down:
- One effect of the coronavirus pandemic may impact renewable energy development. NRG Energy Inc. CEO Mauricio Gutierrez said a chunk of the pending purchased power in Texas may be delayed six to eight months because of supply chain and financing issues related to the virus.
- CenterPoint Energy Inc. CEO David Lesar said the company will work on renewable natural gas and hydrogen renewables in Minnesota plus possible new transmission infrastructure to connect to renewable sources in Texas.
- CEO John Ketchum of NextEra Energy Resources LLC said hydrogen will come into play if federal policy accelerates a zero-carbon goal by 2035.
- Vistra Corp CEO Curt Morgan said Vistra has “a portfolio of highly efficient, low-emitting natural gas assets that can provide reliable, dispatchable power and complement the intermittent nature of renewable resources.” He explained a diverse portfolio enables renewable products that can ensure reliability and an affordable price. “Every reputable and objective study on the changing power generation landscape has natural gas playing a significant role for several years to come, especially as we electrify the economy,” Morgan said.
Path to 100% Perspective:
These are exciting times as the renewable energy future is a focus for so many organizations and governments around the world. Emerging technologies are moving closer to reality, which makes ambitious energy goals more realistic and the path to 100 percent renewable energy is now within reach. The big challenge facing power generators around the world is how to integrate renewables into the grid while building security of supply and a sustainable power system with an affordable plan for everyone involved. Renewable carbon neutral fuels such as hydrogen and synthetic methane are being explored as solutions for sustainable and reliable power systems. Curtailed renewable electricity is used in the process with water to produce Hydrogen, and carbon is captured from air to produce synthetic methane with hydrogen. These fuels are used in flexible power plants to provide a long term energy storage for seasonal and weather management needs.
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