Energy Update

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Atlanta-based utility Southern Company and its Gulf Power subsidiary last week said it has launched an energy storage research project in Pensacola, Fla. The project will test and evaluate a 250-kW/1-MW Tesla Powerpack lithium-ion industrial energy storage system over a two-year period. 

The future cost of energy storage technologies can now be predicted under different scenarios, thanks to a new tool created by Imperial researchers. Using a large database, the team can predict how much consumers will have to pay in the future for energy storage technologies based on cumulative installed capacity, current cost and future investment.

Solar plants that supply electricity at competitive prices after the sun goes down are about to become a reality in the Middle East, according to one of the region’s biggest developers of power plants.

Validation comes in many different ways. Presently, New York State, NYSERDA, and now Dandelion are working toward implementation of geothermal heating and cooling. Ontarians are embarking on a similar path. Geothermal is needed infrastructure, just like the electric grid or city water mains. This has to happen, and now, it’s underway.

Baker Hughes has bagged a contract from the Iraqi government to develop advanced solutions for flare gas at the Nassiriya and Al Gharraf oilfields using its modular gas processing technology.

Petrochemical giant ExxonMobil and the University of Wisconsin-Madison (UW-Madison) have extended their agreement to research by two more years for conversion of biomass into transportation fuel.

The expected startup of new US methanol capacity during the second half of the year is prompting a bearish outlook for some market participants heading into the third quarter.

(Tue, 18 Jul 2017) Coal exports for the first quarter of 2017 were 58% higher than in the same quarter last year, with steam coal exports increasing by 6 million short tons (MMst) and metallurgical coal exports increasing by 2 MMst. Most of these exports were shipped from Atlantic Coast and Gulf of Mexico ports.

(Tue, 18 Jul 2017) This report presents the major assumptions of the National Energy Modeling System (NEMS) used to generate the projections in the Annual Energy Outlook 2017, including general features of the model structure, assumptions concerning energy markets, and the key input data and parameters that are the most significant in formulating the model results.

Highly anticipated industry guidelines designed to boost production efficiency in the UK Continental Shelf have been published by Oil & Gas UK.

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