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Convert Oil Wells to Solve the Solar Storage Problem

Similar mismatches in supply and demand contributed to massive cascading blackouts in August 2003 in the northeastern United States and Canada, in July 2012 in India, and in March 2019 in Venezuela. The situation is unlikely to get better anytime soon, for three reasons. First, as countries everywhere move to decarbonize, the electrification of transportation, heating, and other sectors will cause electricity demand to soar. Second, conventional coal and nuclear plants are being retired for economic and policy reasons, removing stable sources from the grid. And third, while wind and…

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Coal Threatens a Comeback as the EU Pulls Away From Russian Oil

But experts believe the short term will be more complicated and could spark a resurgence of fossil fuels. In the first week of March, power plants in Europe burned 51 percent more coal than a year earlier, according to data from research institute Fraunhofer ISE. The world’s biggest private coal producer, Peabody Energy, posted record results in February, reaching net earnings of $513 million in the final three months of 2021, up from a loss of $129 million a year before. In Europe last year, coal power registered its first…

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