Energy Update
Freyr AS, a startup planning to build one of Europe’s first battery gigafactories in Norway, has a bigger vision for the region: a “Nordic Battery Belt.”
(Tue, 20 Aug 2019) The U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned almost $711 billion in net oil export revenue in 2018; however, EIA forecasts annual OPEC net oil export revenue will decline to $593 billion in 2019 and to $556 billion in 2020 as a result of decreasing production among a number of OPEC producers.
The financial benefits of buying and selling locally produced energy from rooftop solar, wind turbines and batteries within communities have been revealed in a test case run by energy tech firm LO3 Energy.
Virginia’s energy office is exploring whether to align the state with a billion-dollar New York clean energy financing program.
Europe can potentially generate 100 times the current amount of energy generated, and produce enough power to power the world until 2050, if it were to maximize land use for onshore wind capacity.
Energy Vault, the creator of a new way to perform utility-scale energy storage, announced that SoftBank Vision Fund (Vision Fund) invested $110 million in its Series B funding round. Energy Vault will use the funds to accelerate global deployment of its technology, which enables renewables to deliver baseload power for less than the cost of fossil fuels 24 hours a day, said the company.
The renewable energy transition promises to reduce carbon emissions, but it’s happening at different speeds around the world. Read on for some key insights from BloombergNEF’s New Energy Outlook 2019, which provides a detailed road map to the future.
The Australian Renewable Energy Agency (ARENA), on behalf of the Australian government, has announced up to $40 million in funding towards the deployment of a pumped hydro energy storage (PHES) project in South Australia.
A new battery made from affordable and durable materials generates energy from places where salt and fresh waters mingle. The technology could make coastal wastewater treatment plants energy-independent and carbon neutral.
The UK’s North West Hydrogen Alliance (NWHA) is calling for government investment in hydrogen projects to meet ambitious carbon reductions targets in Britain.
Pages
GET IN TOUCH
- 1875 I Street NW, International Square,
Washington, District Of Columbia, 20006 - Phone: +1 (888) 317-3839
- Email: info@mglllc.com
About
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.