OnLocation, Inc.

Decarbonization and the energy transition pose challenges across several dimensions for decision-makers in government and industry. Second, the private sector will be faced with making investment decisions in a complex and uncertain environment. Forecasts that illustrate the range and probability of energy market outcomes will be necessary inputs to industry decision making. The power sector and industry broadly will have to decide, for example, where and when to install carbon capture, switch to hydrogen or ammonia fuels, invest in nuclear, or take the plunge into new industrial manufacturing technologies such as low carbon integrated steel processes. Learn more 👉 https://bit.ly/4biukhj

Google announced last month "a new deal to purchase carbon removal credits from direct air capture provider Holocene, at the lowest price on record for this technology: $100 per ton, for delivery by the early 2030s. We’re committed to doing our part to decarbonize the global economy and reach our goal of net zero emissions across our operations. Carbon removal technologies are key to that goal. Partnering with Holocene to reach this milestone price will be a meaningful step toward advancing the viability of DAC as a tool to fight climate change." - Google

Power sector CO2 emissions for the potential future effects on energy supply and demand for the U.S. energy system: Power sector CO2 emissions decline rapidly in both EH cases, especially through 2035, due to reduced conventional fossil fuel use and increased generation from renewables, battery storage, and CO2 capture. The Advanced case achieves net zero emissions by 2039, partially due to roughly 50 MMT CO2 of net negative emissions from coal-fired power plants retrofit with biomass co-firing and carbon capture (BECCS). The IRA clean electricity credits are phased out starting in 2032 in the Advanced case because power sector emissions achieve the IRA target of 75% below 2022 levels. Clean credits in the Reference case continue through 2050. To learn more about OL24-NEMS model, view the webinar recording, download our presentation, or read the transcript. 👉 https://bit.ly/46keeT7

"There is the potential to install 60 to 95 GW of new nuclear generating capacity at existing and recently retired US nuclear power plant sites, according to new preliminary analysis from the Department of Energy. The new report - Evaluation of Nuclear Power Plant and Coal Power Plant Sites for New Nuclear Capacity - examined all 54 operating and 11 recently retired nuclear power plant sites across 31 states. Researchers from Oak Ridge National Laboratory (ORNL) and Argonne National Laboratory took part in the study. To estimate the viability of potentially adding new capacity at these locations, the researchers looked at the sites' footprint and size, aerial analysis, utility plans, and a siting analysis tool developed by ORNL. They also considered other factors such as the availability of adequate cooling water, proximity to large population centres or hazardous facilities, along with unacceptable seismic or flood hazards to assess potential deployment options." - World Nuclear News

The Key Highlights of the Data Center Demands report: ◾ Data center demand growth, while substantial (up to 13% by 2050), is expected to be met with an accelerated transition to clean energy sources, minimizing long-term emissions impacts. ◾ Clean energy expansion is expected to take over by mid-century, while natural gas and existing fossil capacity will continue to support demand growth in most regions in the near term. ◾ Multiple clean energy sources will be essential for meeting the growing demand for data centers: ▪️ Renewable generation, especially solar photovoltaics and wind, which already account for most capacity additions in many regions. ▪️ Battery storage extends the availability of renewable generation and enhances grid reliability. ▪️ Nuclear generation, especially small modular reactors, could play an increasing role in later years as a stable, low-carbon energy source. View the webinar recording, download our presentation, or read the transcript from the report. 👉 https://bit.ly/3BlUOlk

Decarbonization and the energy transition pose challenges across several dimensions for decision-makers in government and industry. First, while the IRA puts the basic government policy framework and incentives in place, actual implementation and fine-tuning will be necessary. These tasks will need to be informed by forecasts of the potential impact of the IRA and other policies on energy supply mix, demand patterns, technology choice, and energy prices. To cite one example, the emphasis on capital intensive solutions, such as point-source carbon capture and nuclear power, will depend in part on projections of how successful other means, such as renewables and electricity storage, are at reducing emissions. Learn more 👉 https://bit.ly/4biukhj 📷: U.S. Department of Energy (DOE)

In contrast to electricity consumption, natural gas consumption declines significantly in all sectors in the Advanced Technologies case due to greater consumer acceptance of electric and energy efficient equipment, and greater adoption of lower cost renewables especially in the power sector. The shift from natural gas to more electricity and renewables occurs primarily between 2030 and 2040. The remaining natural gas after 2040 is primarily consumed for heating in the residential and commercial sectors, in CO2 capture facilities in the power sector, and for hydrogen production and direct air capture. To learn more about OL24-NEMS model, view the webinar recording, download our presentation, or read the transcript. 👉 https://bit.ly/46keeT7

"Two Californian e-fuel startups, Infinium and Twelve, have received a joint total of up to $1.7 billion in funding and investment to help accelerate production and availability of sustainable aviation fuel. Brookfield Asset Management has committed to invest more than $200 million in Infinium’s Project Roadrunner that is under development in West Texas and up to an additional $850 million for deployment of other Infinium eFuels projects globally, all subject to pre-agreed metrics. This marks Brookfield’s first direct investment in SAF and the investor will also serve as lead in Infinium’s Series C Preferred Stock Offering. Twelve has received $645 million in funding, which includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C financing and an additional $45 million in credit facilities from funders in the renewable energy sector." - GreenAir

🚀 The OnLocation team recently came together for our quarterly all-staff corporate strategy meeting 🚀 We discussed some exciting milestones and future goals, including: 🎉 A look back at our 40th anniversary, reflecting on the impact we've made over the years. 💡 The success of our recent Energy Horizons and Data Center webinars, which sparked important conversations about the future of energy and data sustainability. We're proud of what we've accomplished and are ready to keep pushing the boundaries in modeling and analytic challenges as we look ahead! #OnLocation #CorporateStrategy #40YearsOfImpact #EnergyHorizons #DataCenters #Innovation #Teamwork Pictured left to right (back, middle, front rows): A. Michael Schaal Jefferson Riera Francisco de la Chesnaye, Ph.D. Tom Sterle Peter Whitman Delia Morris Andrew Simler Jasmine Sirko, DPA, MPA Tracy Damico Amogh Prabhu Sharon Showalter Banafsheh Jabarivelisdeh Maria Paula Lopez Moreno Samaneh Babaee Not pictured: Frances Wood Hao Deng

Widespread deployment of geothermal energy can provide more resilient and reliable electrical infrastructure for all Americans and ultimately drive down overall energy costs. A key piece of deploying geothermal technologies broadly is growth in the geothermal workforce. The Geothermal Technologies Office’s (GTO) Geothermal Collegiate Competition (GCC) serves as an important part of this, creating an engaging pathway for students to explore geothermal careers. The competition provides students the opportunity to solve real-world problems and teaches the critical need of interacting directly with communities. The GCC challenges teams of students from any major, minor, or career path to develop real-world geothermal solutions in two competition tracks: technical and policy. Each team chooses a community to collaborate with and discuss needs and desired outcomes from a geothermal heating and cooling project. The students then get to work designing geothermal systems or analyzing the feasibility for a proposed system, depending on their track. First-place teams receive prize money, as well as funding to host an engagement event to discuss their proposed projects with the local residents of their partnered community. Follow on the Geothermal Collegiate Competition webpage on Department of Energy! 📷: U.S. Department of Energy (DOE), 2023 Winners: The University of Oklahoma