I was reading an article about the speed of decarbonization, and the expansion of grids in China v's the EU:
China Will Electrify & Decarbonize Much Faster Than Europe Unless EU Puts Act In Action
It starts off:
But then as I was reading away, I found this:This week I had the privilege of speaking in Brussels, steps from the European Parliament, among a group of speakers that included the Belgian energy minister and a member of European parliament, then participating in a panel discussion. The event was a launch of the second edition of Supergrid Super Solution: A Handbook for Energy Independence and a Europe Free from Fossil Fuels, available soon through all major book outlets.
That's news to me, so I've been off Googling and found this, which includes an explanatory vid (the cable is for RE transmission):I’m peripherally involved with the NATO-L project, a 3,600-kilometer 6 GW interconnector between Europe and North America, envisioned and being developed by Laurent Segalen, who was key to creating the Scope 1, 2, and 3 emissions definitions, a cleantech investor, and host of the top ranked energy transition podcast, Redefining Energy.
World’s ‘most ambitious’ subsea interconnector igniting zest for clean power superhubs: Embracing NATO-L to reinforce energy security bonds between America and Europe
Edit - Should have included this rather vague cost estimate:Various geopolitical risks to energy security, the 2022 gas crunch in Europe, and the ensuing global energy crisis, entwined with scorching heatwaves engulfing the globe as climate change tightens its grip on energy policy, have spurred greater innovation in greening the electricity grid with subsea cables and interconnectors emerging as the go-to solution to link and interlink countries with clean power.
This trend seemingly resonates with proponents of the North Atlantic Transmission One–Link (NATO-L), which aims to deliver a 6 GW high-voltage direct current (HVDC) set of subsea cables across the Atlantic to link North America and Western Europe, forging clean energy bonds between allied nations to ensure “a secure and cost-effective source of carbon-free power.”
With a cable length of 3,500 km or 2,200 miles, the North Atlantic Transmission One-Link is said to be “the most ambitious and beautiful infrastructure project in the world,” according to proponents, who claim this development will bring green electricity to connect North America to Western Europe via Eastern Canada and the UK and Ireland to foster energy independence.
Even though the current energy market dynamics and the uncertainty looming over the proposed NATO-L project make the final bill calculation challenging, the costs will likely surpass $25 billion and stay below $60 billion. This project has a long way to go and will most likely face several hurdles during its development road, thus, the proponents think that the short-term capital will probably not be deployed at this stage.
So ....... Iceland, Morocco and now Canada. Stranger things have happened, or should I ask, have stranger things happened?
Psst - Dan could get very busy trying to follow all of this.
