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Author: Team Ignite

Team Ignite

Scatec’s moonshot: Green ammonia and hydrogen

This month, Ignite News is featuring three companies with big ideas and big goals for this decade. Moonshot or not? You decide.

Scatec CEO Terje Pilskog is focused on continuing the company’s bold mission to bring cleaner, greener power to places where the energy gap persists.

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Top stories shaping your industry for the month of April 2022

Emmanuel Macron wins France’s presidential election: After defeating rival Marine Le Pen, Macron now has an opportunity to not only transform France, but to shape Europe’s future.

More supply chain disruptions: Recent covid-related shutdowns in Shanghai are heaping more pressure on global supply chains.

The war in Ukraine rages on: The World Bank announced that the war “will mean high food and energy prices for three years”, the biggest commodity shock since the 1970s.

China lags behind on promises on climate: Officials in China have approved plans to build more coal-fired power to inject money into the economy and revive growth.

The US needs stronger power grids: A new federal proposal would require transmission providers to develop bigger, stronger, and smarter grids to support the energy transition.

Climate change in action: Due to decades-long drought combined with abundant dry vegetation, the American Southwest is facing another challenging year with wildfires.

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This year’s CERAWeek was different. Here’s why

Paula Doyle, senior vice president of Energy at Cognite, looks back at this month’s big energy industry event.

Like we didn’t have enough to talk about already.

I traveled to Houston earlier this month with high expectations. The stage was set for the first in-person CERAWeek in three years. Big names and even bigger topics: the energy transition, the post-pandemic economic boom, Europe’s energy crisis. All of this and more was on the agenda.

The war in Ukraine changed all of that. Overnight, the war exposed the fragility and instability of our energy system and injected fresh insecurity into global markets. Everything we had planned to talk about in Houston had to be reframed.

Looking back at CERAWeek this year, I see a few key takeaways that stand out:

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Top stories shaping your industry for the month of March 2022

Supply chains will never be the same: The Ukraine-Russia war could permanently reshape global supply chains. Fast Company explains why.

In fact, the war has created the greatest global food crisis since World War II: France’s ambassador to the UN, Nicolas de Rivière, said “Russia’s aggression against Ukraine is increasing the risk of famine around the world” and that populations in developing countries would be the first to be affected.

CO2 emissions peaked in 2021: Global CO2 emissions reached the highest level in history in 2021, as the world bounced back from the pandemic, according to an analysis by the IEA.

‘Mixed bag’ of data: The US Securities and Exchange Commission (SEC) has proposed a plan that would require all public companies to provide uniform, comparable disclosures on climate risk.

Data is the barrier: Most CFOs and executives in the US say that proper access to reliable data is the main hurdle in ESG reporting, a survey by Deloitte found.

US-EU energy cooperation: This month, the US and the European Commission announced a strategic energy cooperation to strength Europe’s energy security and reduce the continent’s dependence on Russia’s fossil fuels.

Ukraine, Moldova plug in to Europe: The electricity grids of Ukraine and Moldova have been successfully synchronized with the Continental European Grid. Engineers accomplished “a year’s work in two weeks,” according to Kadri Simson, the European Union’s Commissioner for Energy.

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Industrial cyberthreat risk continues to rise

Telenor’s Øystein Berg, Chief Security Architect for the telco’s Norwegian operations, talks to Ignite about the most common threats to industrial assets and what can be done to mitigate them.

Are industrial assets often a target for cyberattacks?

Øystein: Industrial systems are very much a target for cyberattacks, and given today’s security situation, these attacks can come daily and hit society hard. And many of the industrial assets under attack are important control systems that we depend on, such as access to petrol, food, heat, and electricity. These types of resources are often targeted because the gains can be substantial in terms of industrial espionage, geopolitical events, military strategy, or financial conditions.

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SuperNode bets on superconductors to solve our renewable energy transmission problem

SuperNode Chief Public Affairs Officer Christian Kjær talks about why he joined the company and why they’ll still be pushing boundaries 10 years from now.

In late 2020, Christian Kjær flew to Dublin to meet with SuperNode founder Eddie O’Connor and CEO John Fitzgerald. The two leaders told him of their vision to create a superconducting cable system to move vast quantities of energy across Europe, and they wanted to know if Kjær was interested in joining.

“I’d made my decision before even boarding the plane,” Kjær said.

It was about 20 years earlier that Kjær first met O’Connor. They were both in Brussels, advocating for wind energy and raising awareness about what was then considered an immature technology. Kjær remembers that O’Connor’s vision was already bigger than most others, as he insisted that wind technology must eventually move offshore to reach its full potential. Turns out O’Connor was on the right track; he was just a bit early.

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What do the Olympics and the EU taxonomy for sustainable activities have in common? More than you think

The European Union’s new taxonomy for sustainable activities went into effect on January 1, bringing with it a deluge of reporting requirements that determine if a company’s activities can be labeled sustainable.

To make sense of what the new reporting requirements mean for European companies and the wider green finance movement, we sat down with Petter Reistad, CEO of the sustainability scoring startup Celsia.

Sustainability reporting is a bit like the Olympics, Reistad explained. Coming in first and climbing to the top of the podium feels amazing, but just participating is an experience in itself. What you don’t want to do, however, is finish last.

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