Energy Update
Claimed to be the world’s first of its kind, the Academik Lomonosov floating nuclear power unit is owned by state-owned atomic energy corporation Rosatom.
The FPU, once loaded with fuel, will be towed to the town of Pevek in Chukotka, Russian Far East. It will be connected to the grid to replace the Bilibino nuclear power plant and Chaunskaya Thermal power plant that are technologically outdated.
The financing has been subscribed by a group of international financial institutions and the contribution of local banks.
These financial entities comprises Natixis, Deutsche Bank, Société Générale, ABN AMRO, Santander, Commerzbank and BTG Pactual as well as other institutional investors in a tranche parallel to the bank financing.
Today’s topics include the impact of section 201 tariffs on module supply and prices. Will they go up? We’ll also talk about developing the next generation solar workforce based on a new report about energy jobs in the U.S.
Vermont Coffee Company has been trying to get to this place—roasting coffee with 100% renewable energy—for a very long time.
Vermont Coffee Company founder and CEO Paul Ralston said: “Renewable electricity was the easy part. The real challenge was getting a renewable thermal energy source to replace propane.”
Why is there so little noise about the emerging oligopoly in one of the hottest elements on the periodic table, lithium? Tianqi Lithium Corp. will pay $4.1 billion to buy Nutrien Ltd.’s 24 percent stake in Soc. Quimica & Minera de Chile SA, or SQM, in a deal that will entangle the biggest and fourth-biggest producers of the battery metal.
The Australian energy company’s board said that the offer made in late April is not in its best interests of AGL or that of its shareholders.
Further, AGL said that the offer from the duo significantly undervalues its future cash flows of operating the Liddell coal power plant until 2022 and the subsequent repurposing of the site.
The new battery system shares electrical infrastructure with wind farm. By storing electricity produced by the wind farm, it will help the UK National Grid maintain frequency levels and reliability of electricity supply.
The battery system is made up of six shipping container sized units, five of which house 500 i3 BMW manufactured battery packs. The energy storage facility uses new lithium-ion batteries with a capacity of 33 kilowatt hours (kWh) supplied by BMW.
The Canadian mineral exploration company said that one of the key findings from the metallurgical test work program was the confirmation of 77.5% average gravity recovery. The company could also confirm 98.9% of total recovery at 106 µm grind size and 24hr cyanide leach.
Further, the results showed that the average recovered head grade was 8.73g/tAu, in comparison to estimated grade of 6.66 g/t Au.
The company expects JRG to immediately start mobilization of plant and equipment with an objective to break ground on the lithium project in the coming weeks.
JRG is engaged into large-scale earthworks, civil construction and infrastructure development.
Prospect said that it likely to secure a funding of more than $55m to execute the first phase of the Arcadia Lithium project which will see the company produce lithium concentrates for export by 30 June 2019.
The award covers onshore project management, engineering and offshore operations utilising a variety of vessels within the DeepOcean fleet of high quality vessels. Offshore operations may include life of lield services such as standard inspection and survey work involving use of Work Class and Observation class ROVs, installation and replacement of subsea modules and X-mas trees using Module Handling Systems as well as scale squeeze operations and installation of structures.
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