Energy Update
Saudi Arabian energy company ACWA Power has started to use a blockchain currency. ACWA is utilizing SolarCoin, a crypto-currency that is rewarded to generators of solar power.
(Thu, 18 Jan 2018) In its January 2018 <em>Short-Term Energy Outlook</em> (STEO), EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units (Btu) in 2018, the highest level of production on record. EIA expects total fossil fuel production to then set another record in 2019, with production forecast to rise to 75 quadrillion Btu
Shearwater GeoServices (Shearwater) has been awarded a 10,000km2 marine seismic acquisition services contract by Total and Eni for their 2018 exploration program located approximately 300km offshore Myanmar.
ITM Power, the energy storage and clean fuel company, and Shell have agreed to build a new hydrogen electrolysis plant, which would be the largest of its kind in the world.
Members of the European Parliament (MEPs) voted yesterday to approve and adopt a sweeping set of measures that will ensure the growth of renewable energy, energy efficiency, electric vehicles and advanced biofuels in the region.
Ugo Salerno, CEO of RINA Consulting explained in an interview that to date Egypt gets only 1 percent of its energy from renewables. With Salerno’s company’s help, however, Egypt will soon be the home of one of the largest solar PV projects in the world.
It’s just over one month since the Hornsdale Power Reserve was officially opened in South Australia. The excitement surrounding the project has generated acres of media interest, both locally and abroad.
Google this week won the Zayed Future Energy Prize for Best Corporation. The award is a public endorsement of the giant corporation’s work in renewables and clean energy — the company has been carbon neutral since 2007.
(Wed, 17 Jan 2018) Wholesale electricity prices at major trading hubs in the eastern United States during 2017 were relatively unchanged from 2016, while average monthly wholesale prices in California and Texas increased by 18% and 27%, respectively, in 2017.
US-based natural gas compression services provider USA Compression Partners (USAC) has agreed to acquire Energy Transfer Partners's (ETP) compression business in a deal worth $1.8bn.
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