Energy Update
Blockchain, the distributed ledger technology which was possibly the hottest tech topic in the energy sector in 2017 has still to prove itself as more than hype in the oil sector.
Doubts over the future of the global oil and natural gas industry could be stoked further this year if appetites for lending and investment in the fossil fuel sector continue to wane. Climate change, the rise of renewable energies and the prospect of peak oil demand are already knocking dents into the long-term investment outlook for the oil sector.
The shutdown of nearly half the UK's oil output due to a hairline fracture in the Forties pipeline in December has added to doubts about the long-term future of the North Sea oil industry.
Invenergy Future Fund, an investment fund linked to the largest closely held U.S. wind developer Invenergy LLC, provided funding for a cybersecurity technology provider, a sign of growing interest in protecting power plants from potential threats.
The California Public Utilities Commission approved an order Thursday that will require PG&E Corp., the state’s biggest utility, to change the way it supplies power when demand peaks. Instead of relying on electricity from three gas-fired plants run by Calpine Corp., PG&E will have to use batteries or other non-fossil fuel resources to keep the lights on in the most-populated U.S. state.
Fluence Energy, the energy storage joint venture launched last year by Siemens and AES, said it will begin offering leasing and project finance options for energy storage projects.
Part one of this article identified changes in the energy storage market that are driving deployment and improving the economics of storage technologies. Market stakeholders face many risks, from regulation to litigation, but there are mechanisms available to mitigate them.
Palo Alto-based software provider Aurora Solar said this week that Connecticut Green Bank authorized Aurora's remote shading simulation software as an acceptable replacement for the onsite solar project inspections previously required when applying for rebates associated with system installations.
(Fri, 12 Jan 2018) During the recent cold weather event that affected much of the eastern United States, more natural gas was withdrawn from storage fields around the country than at any other point in history. Net withdrawals from natural gas storage totaled 359 billion cubic feet (Bcf) for the week ending January 5, 2018, exceeding the previous record of 288 Bcf set four years ago.
Zenith Energy has entered into an exclusivity agreement for the acquisition of various production and exploration licenses in a Central Asian country.
Pages
GET IN TOUCH
- 1875 I Street NW, International Square,
Washington, District Of Columbia, 20006 - Phone: +1 (888) 317-3839
- Email: info@mglllc.com
About
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.