How Iceland Extracts CO2 From The Air, Geothermal - "Begga" Olafsdottir, CEO of ON Power, Iceland
Release Date: 05/18/2023
Financial Support For Exporting, Trade – Judith Pryor, Export Import Bank of U.S.
Electric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
Financial Support For Exporting, Trade – Judith Pryor, Export Import Bank of U.S. “We help anyone in the United States who wants to sell their good or service overseas through short, medium, and long-term financing tools for international buyers. It's usually medium term and long term. We provide foreign buyers with the ability to purchase U.S. goods and services. So we're debt financiers to buyers of American goods and services. On the flip side of that, and more often with small businesses than not, we provide export credit insurance, which is short term, 30, 60, 90 days to ensure...
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SEC Climate Rules Unlock Business Value – Kristen Sullivan, Deloitte Audit, Sustainability
Electric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“Regulation can really be a catalyst for transformation, for business transformation, because this is so much more than a disclosure and compliance exercise. “When you think about the mechanisms, the infrastructure, the data that will emerge from instituting more discipline and rigor around these disclosure objectives, (it) is absolutely critical to surface more timely where risk disruption can emerge. They give insight into choices that can be made.” Kristen Sullivan on Electric Ladies Podcast The SEC released its final climate risk disclosure rules after a two year process...
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Transforming America’s Transportation System – Polly Trottenberg, Deputy Secretary, US DOT
Electric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“We have on our website what's called the . Sounds wonky, but go take a look. It is a wealth of information about all our grant programs, and you can answer a series of questions and it can help point you in the right direction. We also have a team of folks here who are dedicated to technical assistance and capacity building. So, if you go to our website, you can find a lot of resources and, I would recommend potentially for firms, one nice thing we have is we have a division administration, federal Highways division administration office in all 50 states in the state...
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Electric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“Women are very worried about these (extreme weather) events, and they're the ones that really worry about the impact on communities.…They want to leave a better country for their children...They will say that climate change is something that really is on my agenda more because my children talk to me about it and they listen to their children and grandchildren. That said, the urgency around climate change ebbs and flows a little bit. Many of the single issue climate change voters are also single issue war and Gaza voters. So that's pushed this issue out a little bit. But in the long run,...
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Electric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“During the pandemic, a lot of companies underwent digital transformations…At the same time that that was happening, sustainability was really catching wind, particularly in places like Europe.… (I)f you are a non-manufacturing company, your largest source of operational emissions is probably your IT. So…CIOs now have these mandates trickling down from their CEO or whomever that they need to reduce their energy consumption and their emissions. And they're saying, how do I do that while also meeting these business imperatives?” Monica Batchelder on Electric Ladies Podcast ...
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Electric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“The link for us with (the WHO) is about universal health coverage and the sustainable development goal number three, which obviously the WHO places in the middle of the wheel of all the sustainable development goals. But on top and behind and with each other is climate action. We cannot have one without the other. And our role is to remind a lot of people that when they're making policies, they're talking about human beings.” Emma O’Brien on Electric Ladies Podcast Climate change has a real impact on public health, from asthma and other respiratory illnesses due to CO2 and...
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“Corporate America has a very important role to play in this transition. They have the resources, they have the talent, and they are being nudged by their customers, their employees, even their suppliers, their investors, and obviously regulators to do this work. They know it's the right thing to do…Just as a quick thing to think about is it used to be that the people who were in sustainability were kind of on the sidelines…Now their talent is being tapped into the C-suite because it's like, wait a minute, we don't have a choice. We have to do this. And now we have the regulators and we...
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Electric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
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Electric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“We start to look at the advantages of the technology, and we start to really focus in on where can we go forward? What are the things we're doing and how do we get there collectively so that it is the industry, and the infrastructure side actually coming together and making those choices and implementing these safety features or implementing these (technologies)… There's no one right solution…It's collaboration and it will always have to be.” Michele Mueller on Electric Ladies Podcast There’s a reason automakers are calling themselves “mobility” companies today, not just...
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Electric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
Mobilize, Measure, Manage ESG – Evelyn Saelens, ESG Advisory at UL Solutions “These climate events, they're impacting our everyday lives. They're making the world unsafe…Sometimes it might feel that it's hard to get to solid, tangible information. It's hard to know that what you're doing is meaningful, that it really has an impact. So the, what made it extremely interesting at being able to develop these ESG programs at UL Solutions is that the science and the standards driven angle always flows through what we aim to do.” Evelyne Saelens on Electric Ladies Podcast While...
info_outline“At ON Power, we operate three power plants… and combined we produce just under 20% of the energy produced in Iceland…. We are removing carbon from our operations. So… there are low emissions associated with the production ther, from our operations. There's around seven grams of CO2 per produced kilowatt hour, compared to 800, if you produce the electricity using coal.”…Plus, we have been operating a carbon removal station, since then, mineralizing and removing from the atmosphere just over 10,000 tons (of emissions) a year.”
Begga Olafsdottir on Electric Ladies Podcast
To expand on a CBS News’ “60 Minutes” segment this past weekend on how Iceland is capturing CO2 and storing it underground, here is a replay of an in-depth interview I did in Iceland last year about this issue, and how this small Arctic country became an 85% renewable energy economy.
Listen to this fascinating interview, live in Reykjavik, Iceland, with Berglind “Begga” Olafdottir, CEO of ON Power , with Electric Ladies Podcast host Joan Michelson. ON Power operates the largest geothermal plant in the country, which produces 20% of the total energy Iceland produces. It’s also partnering with its sister company Carbfix to remove CO2 from the air.
You'll hear:
- How ON Power captures the CO2 it emits and mineralizes it.
- How ON Power is partnering with its sister company Carbfix and with Climeworks to bring ground-breaking technology to market that captures CO2 from the air. not just their own emissions.
- About their business parks that only take tenants that can share products and byproducts of other tenants, creating a circular economy in each park.
- How geothermal energy works in Iceland.
- Plus, great career advice....such as:
“Women, we have a tendency of underestimating ourselves in general, and I think my advice would be that, if you’re mid- career and you want to take a step up in the corporate ladder…I think it's important for women not to discount their experience and the knowledge. Try to be a bit bold. If you're applying for something that is advertised, don't not submit the application because you don't check all the boxes, because people are also hired on potential….and you might be the right person.” Berglind “Begga” Olafsdottir on Electric Ladies Podcast
You'll also like:
- Halla Hrund Logadottir, Director-General, Iceland’s National Energy Authority, on how the country has become 85% renewable energy.
- Birta Kristin Helgadottir, Director of Green By Iceland, on their unique business parks that are each circular economies.
- Sarah Golden, VP of Energy at Greenbiz, on how geothermal energy works (Sarah traveled to Iceland with Joan in 2022)
- Kathryn Pavlovsky, Deloitte Energy, Resources & Industrials, on the energy transformation and ESG
- Jennifer Gerbi, Ph.D., Deputy Director and Acting Director, ARPA-E, the innovation arm of the Department of Energy
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