Energy Update
Offshore wind developer Orsted is planning its first grid-scale energy storage project near Liverpool, England. The company said that the Carnegie Road battery storage project will be operational by the end of the year.
Stanford University researchers have developed a water-based battery that could provide a cheap way to store wind or solar energy generated when the sun is shining and wind is blowing so it can be fed back into the electric grid and be redistributed when demand is high.
Greece is preparing to auction 2.6 GW of solar and wind projects to attract investment and beef up the Mediterranean country’s clean-energy credentials.
In an Aug. 2 Renewable Energy World article, we reported “Achieving 100 Percent Residential Renewables in Hawaii with Solar+Multi-Storage” since April 2017, 500 hours off-grid and 220 hours grid-tied, using Tabuchi Electric hybrid solar inverter with single embedded battery (10 kWh) and an ROI of three years.
A rare cargo of Brazilian Polvo crude has made its way to the Louisiana Offshore Oil Port, according to data from US Customs and S&P Global Platts Analytics.
(Tue, 01 May 2018) U.S. tight oil production increased in 2017, accounting for 54% of total U.S. crude oil production, in part because of the increasing productivity of new wells. Since 2007, the average first full month of oil production from new wells in regions tracked by EIAâs <em>Drilling Productivity Report</em> (DPR) has generally increased.
In April, we witnessed two historic new laws that go further than ever before on changing utility business models, once again showcasing state leadership on clean energy. Hawaiian legislators passed the Ratepayer Protection Act, which directs utilities and the PUC to come up with mechanisms to reward utility performance such as affordability, reliability, customer engagement, integration of renewable energy and timely executive of competitive procurement.
US-based Marathon Petroleum (MPC) has agreed to acquire US-based independent refiner Andeavor (ANDV) for $23.3bn to create one of the largest integrated energy companies with an initial enterprise value of more than $90bn.
BHP Billiton will exit from the Minerva gas plant in the onshore Otway Basin in the Australian state of Victoria by selling its stake of 90% to Cooper Energy, AWE and Mitsui E&P Australia for an undisclosed price.
Petróleo Brasileiro (Petrobras) has completed sale of two of its downstream subsidiaries - Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe) to Mexico-based Alpek for R$1.523bn ($435m).
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