Energy Update

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U.S. private equity and hedge funds are backing an effort by Ethiopia to turn itself into an exporter of electricity to the region, channeling at least $4 billion into geothermal projects across the nation.

South Australia plans to roll out solar panels and Tesla Inc. batteries to at least 50,000 homes to form what its government says will be the world’s largest virtual power plant.

In this minicast, countries talk Paris Agreement compliance as a cornerstone for trade agreements, and coal’s downtrend makes a visible symbol for addressing climate change.

As oil prices recover from the lows of 2014, US shale producers face a choice: continue to invest in record production or start returning cash to investors who helped them weather the downturn.

(Mon, 05 Feb 2018) China surpassed the United States in annual gross crude oil imports in 2017, importing 8.4 million barrels per day (b/d) compared with 7.9 million b/d for the United States. China had become the world’s largest net importer (imports minus exports) of total petroleum and other liquid fuels in 2013.

China surpassed the US in annual gross crude oil imports in 2017, importing 8.4 million barrels per day (b/d) compared with 7.9 million b/d for the US.

Power generated by wind, solar and biomass in the European Union overtook coal for the first time in 2017, a report by Germany’s climate lobbyist Agora Energiewende and U.K. think tank Sandbag showed.

Tesla Inc. is planning a major expansion of its solar division at Home Depot Inc., embarking on a critical test of the mainstream appeal of its renewable energy products.

Rajit Gadh of the Smart Grid Energy Research Center breaks down the sectors involved in vehicle-to-grid technology, identifying the path to widespread adoption for V2G and the resulting benefits to the power grid.

(Fri, 02 Feb 2018) In July 2017, California’s state legislature passed assembly bill (AB) 398 to reauthorize and extend until 2030 the state’s economy-wide greenhouse gas (GHG) reduction program. The bill sets a new GHG target of at least 40% below the 1990 level of emissions by 2030. As of 2015, about 86% of California’s GHG emissions were related to the consumption of energy.

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