The energy industry has been responding to these market signals, as highlighted in the government’s latest generation investment survey.
Committed and actively pursued projects will double generation capacity by the end of the decade. This will come largely from solar (6.4GW) and onshore wind (2.9GW), with smaller contributions from geothermal (0.6GW) and grid-scale batteries (0.6GW).
Geothermal energy is sometimes seen as one of the sustainable alternatives to fossil fuels. However, not much is heard about it and it is not as widely used as solar or wind energies are.
So, why isn’t geothermal energy used today?
Geothermal energy isn’t more used today mostly because of three reasons. First, the high costs it has compared to other energy sources. Second, the limited locations it can be installed in. And third, because of the risk of earthquakes its installation brings.
Challenges and Disadvantages of geothermal energy
There are some challenges and disadvantages associated with the production of geothermal energy, being this all the reasons why geothermal energy is not used more often.
Retirement crisis looms as households dip into savings
New Zealanders are feeling financial strain which is threatening emergency and retirement savings.
One in five retirees have less than a year's worth of savings to maintain their current lifestyle.
50 percent of people reported the economy has had a negative impact on personal finances.
Renters are less likely to manage through these tough conditions compared to homeowners.
A new report shows short term financial strain is leading to a looming retirement savings crisis.
The Financial Services Council's latest research reveals households are facing the choice between relieving immediate financial pressures or saving for the future.
Its latest Money & You research showed 94 percent of people are concerned about their finances as the cost of food, petrol, rent, rates and insurance hits households.
Acting chief executive Haydee Stroud said people's retirement savings are sitting on the back burner.
"New Zealanders are having to make a trade off between the short term and the long term, often prioritising the short term just to get through paying heating bills or putting food on the table," Haydee Stroud said.
The Government’s attempt to revive oil and gas exploration has hit another snag with Todd, one of New Zealand’s largest energy companies, confirming today it has plans to shed jobs. The announcement came on the day legislation to repeal the offshore oil and gas ban was introduced to Parliament.
Todd’s fields are mainly onshore. Todd Energy, a subsidiary, owns 26% of the offshore Pohokura field, which is operated by OMV NZ, which has the majority stake. However, the job losses, which the company partly blamed on declining gas reserves, suggest overturning the ban would not automatically lead to large amounts of new oil and gas being unlocked.
A Todd spokeswoman told the Herald it was “reviewing its operations with a focus on simplification and efficiency”.
“Our refocus on New Zealand, coupled with declining gas reserves, means that Todd is adopting a simplified structure. Unfortunately, this will also result in a reduction of jobs.
“Business decisions that adversely affect our employees are never easy, especially given the challenging economic environment. Todd is committed to supporting our affected employees throughout this process.”
The energy sector faces many challenges: declining reserves, years without significant new finds, and the fear the next Labour-led Government would ban exploration again, which is stifling investment.
Associate Energy Minister Shane Jones said he had been encouraging Todd to “put some drills in the earth and get some more gas”.
“There’s rumours swirling around about their economic strength and whatnot, but that’s why we need to reverse the oil and gas ban and attract investment into the industry.”
How floating solar panels on wastewater ponds could help solve NZ's electricity security crisis
Wastewater ponds may seem an unlikely place to look for solutions to New Zealand's electricity security crisis. But their underutilized surfaces could help tackle two problems at once—high power prices and algal growth.
Floating solar panels on wastewater ponds offer a multifaceted answer. They generate renewable energy, improve water quality in the treatment ponds and reduce costs.
Wellington cafe suffers 'worst sales day ever' as public sector job cuts bite
He said while the year had started well for The Hangar, April was 5% behind budget, while May was 22% and June 10% back. July was worse still, at 25% down.
“We expected headwinds this year, but nothing as drastic as a reduction of revenue by 20 to 25%,” he said.
“The volatility and unpredictability of the hospitality market at this time makes it near impossible to run a cafe with any certainty of a profitable outcome. This, coupled with oversupply, is why we are seeing the closure and sale of so many cafes and for the first time in 20 years, a contraction of the hospitality market in New Zealand.”
Someone is buying it, so they must have found a use for it: ingredient in another chemical process to produce products that you would recognize: Google or other search engines are your friend.
The energy industry has been responding to these market signals, as highlighted in the government’s latest generation investment survey.
Committed and actively pursued projects will double generation capacity by the end of the decade. This will come largely from solar (6.4GW) and onshore wind (2.9GW), with smaller contributions from geothermal (0.6GW) and grid-scale batteries (0.6GW).
https://au.news.yahoo.com/nz-energy-crisis-electricity-demand-185647362.html
This is what Germany did... and now they have some of the most expensive electricity prices in the world
Why Isn’t Geothermal Energy Used More Often?
Geothermal energy is sometimes seen as one of the sustainable alternatives to fossil fuels. However, not much is heard about it and it is not as widely used as solar or wind energies are.
So, why isn’t geothermal energy used today?
Geothermal energy isn’t more used today mostly because of three reasons. First, the high costs it has compared to other energy sources. Second, the limited locations it can be installed in. And third, because of the risk of earthquakes its installation brings.
Challenges and Disadvantages of geothermal energy
There are some challenges and disadvantages associated with the production of geothermal energy, being this all the reasons why geothermal energy is not used more often.
https://architreecture.com/why-isnt-geothermal-energy-used-more-often/
Retirement crisis looms as households dip into savings
New Zealanders are feeling financial strain which is threatening emergency and retirement savings.
One in five retirees have less than a year's worth of savings to maintain their current lifestyle.
50 percent of people reported the economy has had a negative impact on personal finances.
Renters are less likely to manage through these tough conditions compared to homeowners.
A new report shows short term financial strain is leading to a looming retirement savings crisis.
The Financial Services Council's latest research reveals households are facing the choice between relieving immediate financial pressures or saving for the future.
Its latest Money & You research showed 94 percent of people are concerned about their finances as the cost of food, petrol, rent, rates and insurance hits households.
Acting chief executive Haydee Stroud said people's retirement savings are sitting on the back burner.
"New Zealanders are having to make a trade off between the short term and the long term, often prioritising the short term just to get through paying heating bills or putting food on the table," Haydee Stroud said.
https://www.rnz.co.nz/news/national/527014/retirement-crisis-looms-as-households-dip-into-savings
The Government’s attempt to revive oil and gas exploration has hit another snag with Todd, one of New Zealand’s largest energy companies, confirming today it has plans to shed jobs. The announcement came on the day legislation to repeal the offshore oil and gas ban was introduced to Parliament.
Todd’s fields are mainly onshore. Todd Energy, a subsidiary, owns 26% of the offshore Pohokura field, which is operated by OMV NZ, which has the majority stake. However, the job losses, which the company partly blamed on declining gas reserves, suggest overturning the ban would not automatically lead to large amounts of new oil and gas being unlocked.
A Todd spokeswoman told the Herald it was “reviewing its operations with a focus on simplification and efficiency”.
“Our refocus on New Zealand, coupled with declining gas reserves, means that Todd is adopting a simplified structure. Unfortunately, this will also result in a reduction of jobs.
“Business decisions that adversely affect our employees are never easy, especially given the challenging economic environment. Todd is committed to supporting our affected employees throughout this process.”
The energy sector faces many challenges: declining reserves, years without significant new finds, and the fear the next Labour-led Government would ban exploration again, which is stifling investment.
Associate Energy Minister Shane Jones said he had been encouraging Todd to “put some drills in the earth and get some more gas”.
“There’s rumours swirling around about their economic strength and whatnot, but that’s why we need to reverse the oil and gas ban and attract investment into the industry.”
https://www.nzherald.co.nz/nz/politics/gas-crisis-todd-energy-proposes-job-cuts-as-government-moves-to-overturn-the-oil-and-gas-ban/H44Q5SR42BE5RLBHIENRXZ4QIM/
Bring Ardern back and the Dunce can mandate drilling ... for gas that is not there :)
Hahahahaha
How floating solar panels on wastewater ponds could help solve NZ's electricity security crisis
Wastewater ponds may seem an unlikely place to look for solutions to New Zealand's electricity security crisis. But their underutilized surfaces could help tackle two problems at once—high power prices and algal growth.
Floating solar panels on wastewater ponds offer a multifaceted answer. They generate renewable energy, improve water quality in the treatment ponds and reduce costs.
https://www.msn.com/en-us/money/companies/how-floating-solar-panels-on-wastewater-ponds-could-help-solve-nz-s-electricity-security-crisis/ar-AA1r7HlJ
Barnyard animals will believe anything - if you are in NZ - sell everything and leave
Wellington cafe suffers 'worst sales day ever' as public sector job cuts bite
He said while the year had started well for The Hangar, April was 5% behind budget, while May was 22% and June 10% back. July was worse still, at 25% down.
“We expected headwinds this year, but nothing as drastic as a reduction of revenue by 20 to 25%,” he said.
“The volatility and unpredictability of the hospitality market at this time makes it near impossible to run a cafe with any certainty of a profitable outcome. This, coupled with oversupply, is why we are seeing the closure and sale of so many cafes and for the first time in 20 years, a contraction of the hospitality market in New Zealand.”
https://www.nzherald.co.nz/business/wellington-cafe-suffers-worst-sales-day-ever-as-public-sector-job-cuts-bite/H66PW6KWWFA57EMX3NYQWGDH2A/
What use is methanol other than a poison?
https://en.wikipedia.org/wiki/Methanol
What use is diesel and gasoline... other than a poison?
Someone is buying it, so they must have found a use for it: ingredient in another chemical process to produce products that you would recognize: Google or other search engines are your friend.