Energy Update
Sumitomo Heavy Industries has completed the acquisition of circulating fluidised bed (CFB) boiler business from Amec Foster Wheeler for around $170m.
(Tue, 27 Jun 2017) U.S. crude oil and petroleum product gross exports have more than doubled over the past six years, increasing from 2.4 million barrels per day (b/d) in 2010 to 5.2 million b/d in 2016. Exports of distillate, gasoline, propane, and crude oil have all increased, but at different paces and for different reasons.
President Trump has uncorked yet another controversy over energy vs the environment and it promises to be a heavyweight battle. Bob Williams elaborates.
Concentrating solar power (CSP) has existed since 1866, but for the last couple of decades, photovoltaic (PV) has been the dominant solar technology. Now with technological advancements and energy storage, CSP is poised to make a significant comeback.
In April, solar reached a new milestone, providing more than 2.3 percent of U.S. electrical supply, according to the latest issue of the U.S. Energy Information's (EIA) Electric Power Monthly, with data through April 30, 2017. Consequently, solar has now moved into third place among renewable sources — behind hydropower and wind but ahead of biomass and geothermal.
The New York State Legislature has sent to Gov. Andrew Cuomo companion bills that would lead to the development of an energy storage procurement target for the state.
The European Commission (EC) last week said that it has approved state aid for the conversion of a coal plant to biomass in Kalundborg, Denmark.
(Mon, 26 Jun 2017) EIA projects that trends in coal production in the United States could range from flat to continuing declines through 2040. Electric power generation accounts for more than 92% of U.S. coal demand, and domestic coal production has declined significantly over the past decade as coal has been displaced by natural gas and renewables in electric generation.
There are 185 sites in South Australia that are potentially suitable for off-river pumped hydro storage, according to the results of research at The Australian National University.
NYSERDA announced that up to $6.3 million is available for energy storage technologies that have not yet been commercialized but could support renewable power sources in New York State
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