Energy Update
Two weeks of climate talks organized by the United Nations finished with developing countries demanding more clarity from their richer counterparts on when a promised package of $100 billion in aid will materialize.
Power Ledger co-founder David Martin said that as utilities move from a one-way flow of electricity to a distributed platform, the blockchain software can help manage and verify what will be many more transactions.
Although growth is generally a good thing for the economy, it challenges nations—particularly ones that are water-stressed—to better manage their limited water resources and invest in the right energy systems.
By taking an inventive approach to purchasing and shipping imported thermal coal, South Korean buyers have been able to keep in check the marketing muscle of traditional suppliers and save money on power station fuel costs.
(Fri, 11 May 2018) Planned coal-fired capacity additions from a number of countries in and around the Middle East will add 41 gigawatts (GW) of new electric generating capacity over the next decade, based on announced projects and projects currently in the permitting process. Another 3 GW of coal-fired capacity is currently under construction in these countries.
Shell Ventures this week co-led a $7.6 million Series-A round of funding for ice storage provider Axiom Energy, joining previous investor Telsa CTO JB Straubel.
Environmental Protection Agency Administrator Scott Pruitt recently told a group of forestry executives and students that from now on the U.S. government would consider burning wood to generate electricity, commonly known as forest or woody biomass, to be “carbon neutral.”
Hydrogen stored in Britain’s gas grid could be more effective for making use of excess renewable power than batteries.
Energy efficiency building standards officially adopted by California yesterday will require new homes in the state to have solar PV systems starting in 2020.
(Thu, 10 May 2018) EIAâs May <em>Short-Term Energy Outlook</em> (STEO) forecasts that Brent crude oil prices will average $71 per barrel (b) in 2018, $7/b higher than forecast in last monthâs STEO. Correspondingly, EIAâs forecast for regular gasoline retail prices increased to an average of $2.79/gallon (g) in 2018, $0.15/g higher that in last monthâs STEO.
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