Energy Update
Solar power could deliver $400 billion in environmental and public health benefits throughout the United States by 2050, according to a study from the U.S. Department of Energy (DOE)’s Lawrence Berkeley National Laboratory (Berkeley Lab) and National Renewable Energy Laboratory (NREL).
Tata Power Company Ltd. agreed to buy a 1.1-GW solar and wind portfolio from Welspun Renewable Energy Pvt in India’s biggest clean energy deal, according to an exchange filing.
TOKYO, June 14 (Reuters) - Nissan Motor Co said on
Tuesday it was developing fuel cell vehicle (FCV) technology
using ethanol as a hydrogen source in what would be an industry
first, and planned to commercialise its system in 2020 as part
of efforts to develop cleaner cars.
(Tue, 14 Jun 2016) The Tennessee Valley Authority's (TVA) Watts Bar Unit 2 was connected to the power grid on June 3, becoming the first nuclear power plant to come online since 1996, when Watts Bar Unit 1 started operations. Watts Bar Unit 2 is undergoing final testing, producing electricity at incremental levels of power, as TVA prepares to start commercial operation later this summer.
(Tue, 14 Jun 2016) For 2015, the U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $404 billion in net oil export revenues (unadjusted for inflation). This represents a 46% decline from the $753 billion earned in 2014, mainly as a result of a precipitous fall in average annual crude oil prices during the year, and to a lesser extent to decreases in the level of OPEC net oil exports.
(Tue, 14 Jun 2016) India was the third largest global energy consumer behind China and the United States in 2013. Despite having notable fossil fuel resources, India has become increasingly dependent on energy imports to meet its growing demand. As India?s population grows and its economy develops, the country will require more access to energy infrastructure, electricity, and fuel supply from various sources.
TOKYO, June 14 (Reuters) - Crude oil futures fell in Asian
trade on Tuesday, as investors ignored signs of market tightness
to focus on concerns over global growth and overnight declines
in stocks on the impending vote on Britain's possible European
Union exit.
BRASILIA, June 13 (Reuters) - The Supreme Court decided on
Monday to return a corruption investigation into former
Brazilian President Luiz Inacio Lula da Silva to a crusading
anti-corruption judge who is presiding over cases in the
sprawling Petrobras graft scandal.
CHICAGO, June 13 (Reuters) - CME Group on Monday
banned a former Delta Air Lines fuel trading executive
for using his wife's accounts to "front-run" the airline's
hedging positions - trades that netted him a profit of more than
$3 million.
TOKYO, June 14 (Reuters) - Crude oil futures fell in early
Asian trade on Tuesday, as investors ignored signs of market
tightness to focus on concerns over global growth and overnight
declines in stocks on the impending vote on Britain's possible
European Union exit.
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