• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 37 mins Would bashing China solve all the problems of the United States
  • 3 hours Let’s Try This....
  • 3 hours COVID 19 May Be Less Deadly Than Flu Study Finds
  • 4 hours Chicago Threatens To Condemn - Possibly Demolish - Churches Defying Lockdown
  • 1 hour 60 mph electric mopeds
  • 1 hour Pompeo's Hong Kong
  • 2 hours New Aussie "big batteries"
  • 6 hours China to Impose Dictatorship on Hong Kong
  • 21 hours The CDC confirms remarkably low coronavirus death rate. Where is the media?
  • 4 hours Monetary and Fiscal Policies in Times of Large Debt:
  • 3 hours Oil Markets Could Soon Face A Devastating Supply Crunch
  • 17 hours Backlash Against Chinese
  • 2 days Iran's first oil tanker has arrived near Venezuela
5 Points To Consider Before Buying Oil Stocks In 2020

5 Points To Consider Before Buying Oil Stocks In 2020

For contrarian investors, there may…

Oil Slides As Russia Plans To Raise Production

Oil Slides As Russia Plans To Raise Production

Reports that Russia plans to…

Richard Branson’s Renewable Playground for the Rich and Famous

Billionaire Richard Branson’s Necker Island for the rich and famous will go 75% renewable energy, with solar, wind and smart-technology energy storage in a massive new project dubbed “Demo Island”.

The project is being led by NRG Energy and Branson’s Virgin Limited Edition luxury resort group, and is called “Demo Island” because it intends to be the first example of breaking the dependency of expensive, luxurious Caribbean islands on fossil fuels, particularly diesel.

The Caribbean region has vast renewable resources but very low energy security and presently gets most all of its energy from plants burning imported oil and diesel.

The project is the brain child of Branson’s “Carbon War Room”, which in working on the “Ten Island Challenge”, of which Necker Island is only the first target.  

Related article: Bill Gates Backs Renewable Battery Startup

“While small compared to island nations, Necker is an ideal ‘guinea pig’ for the Carbon War Room’s Ten Island Challenge and will be able to show the potential of ‘state-of-the-art’ technologies in renewable energy,” Branson said in a statement.

According to NRG CEO David Crane, “retail electricity prices in the Caribbean are among the highest in the world, hindering economic development, job creation and quality of life.”

NRG will deliver a “renewables-driven micro-grid” to Necker Island, a small island of only 74 acres in the British Virgin Islands. The entire island can be rented out for a whopping $60,000 per night.

No specific details on the new micro-grid have been released yet.

On 4 February, the Necker Island “eco-resort” played host to a three-day renewable energy summit for Caribbean politicians and renewable power experts. Political delegations from 13 countries and territories attended.

"We're hoping to get a number of islands to sign up to get as carbon-neutral as they can over the next few years," Branson told the Associated Press in a phone interview from Necker.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News