Energy Update
A U.K. company that turns used electric vehicle battery packs into stationary energy storage has secured a £3 million (US$4.1 million) investment from Macquarie Group and French utility ENGIE.
Australia, one of the world’s biggest users of rooftop solar panels, likely added the most new capacity on record last year as electricity users sought to ease escalating power bills.
Nigeria is bracing itself for another stern test this year as it hopes to restore its oil production fully while at the same time maintaining the fragile peace in the restive Niger Delta.
The share of renewables in the Middle East energy mix is forecast to triple over the next 17 years — but natural gas will remain the dominant power source in the region. That’s one of the key findings of a new report published this week by Siemens.
Today, subscriptions are available to just about anything: TV streaming services, at-home meal kits, clothing and more. Now we’re welcoming energy to the subscription economy.
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.
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