#Sustainability

Concentrating solar power is poised on the cusp of a major advance as the goal of integrating grid-scale thermal energy storage appears within reach.

Already able to produce utility-scale amounts of renewable electricity cost-effectively, scientists and engineers have been focusing on developing new, more efficient and cheaper thermal energy storage systems and integrating them into CSP plants. That goal now appears within reach...

Brandon Baker With more than $750 billion of holdings in its sovereign wealth fund, Norway is on the brink of potentially making renewable energy investments around the world.

Erna Solberg, who will be named Norway’s second female prime minister, has already heard proposals from her government to use sovereign wealth fund money to invest in sustainable companies and projects in developing countries, Climate News Network reported today. Leader of the conservative party, Solberg won the election in September.
She hasn’t publicly discussed the specific companies and projects the country might invest in, but there are already high hopes.
“If Norway actually does this, it will be an unprecedented shift in the global investment community and also for tangible action on climate change,” said Samantha Smith, head of the global climate and energy initiative at the World Wildlife Fund (WWF).
Financial analysts predict that other nations will follow Norway’s lead and also invest in renewable energy projects. Pension funds in Denmark and the Netherlands already support the renewables sector.

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