Energy Update
(Tue, 30 May 2017) The U.S. Energy Information Administration (EIA) is hosting its 2017 Energy Conference on Monday, June 26, and Tuesday, June 27, in Washington, DC. This two-day event provides an opportunity to meet and network with energy analysts, decision makers, and EIA staff.
Unlike the intermittent wind and solar power, baseload renewables are able to produce power with little fluctuation due to weather. Bioenergy, geothermal and hydropower technologies are able to provide power around the clock and do not depend on the sun shining or the wind blowing. Here's a look at what’s happening in these important renewable energy sectors.
On Friday, May 26, on what was expected to be one of the hottest days of the year, solar panels in the UK generated a record amount of power, enough to meet almost 25 percent of demand. This is according to data compiled by National Grid Plc and Sheffield University.
At noon London-time, 8.75 GW of power was being generated by the solar PV, breaking a previous record of 8.49 GW, overtaking nuclear power in the country.
SolarWorld AG’s U.S. unit joined a trade case asking the federal government to impose duties on low-cost imports that have fueled a nationwide boom in solar installations.
On a small island off the southern coast of Singapore, a French energy company is experimenting with what it hopes will be the future of renewable power storage.
Engie SA is helping build a small, self-contained power grid on Semakau Island to demonstrate the usefulness of hydrogen gas in converting intermittent power from solar panels and wind turbines into stored fuel that can generate electricity days or even months later, when the need is higher.
Frence IPP Neoen, and energy management company Schneider Electric last week signed a 750 MW Conext SmartGen multi-year framework agreement that covers solar assets on three continents. The scope includes: conversion stations composed of 1500V inverters, medium voltage switchgear, transformers, and complete monitoring and control system, as well as lifecycle maintenance services.
The recent announcement by Trina Solar that it had reached a new solar conversion efficiency record of 24.13 percent in a Changzhou, China laboratory for an interdigitated back contact (IBC) mono-crystalline silicon cell, is a “significant achievement,” according to a U.S. laboratory analyst.
Saudi Arabian state-run oil company Saudi Aramco is planning to invest $18bn in the next five years to expand its operations in the Americas.
(Fri, 26 May 2017) Gasoline prices heading into Memorial Day weekend average $2.40 per gallon (gal) nationally, up from last year's price of $2.30/gal. Despite the year-over-year increase, 2017 marks the second-lowest price ahead of the Memorial Day weekend since 2009, when the national average price of retail regular gasoline was $2.31/gal.
U.S. Secretary of Energy Rick Perry in April requested a study to assess the effect of renewable energy policies on nuclear and coal-fired power plants. Some energy analysts responded with confusion, as the subject has been extensively studied by grid operators and the Department of Energy’s own national labs. Others were more critical, saying the intent of the review is to favor the use of nuclear and coal over renewable sources.
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