Energy Update
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.
Arizona utility Tucson Electric Power (TEP) said this week that it will buy solar energy at a historically low price from a new local system large enough to power 21,000 homes.
Colocating energy storage with renewable generation resources seems like a natural partnership to reduce the intermittency of renewable generators. Several projects have been built across the country combining storage with wind or solar projects.
The average curtailment rate among wind power facilities across China remains a serious issue, at 17 percent, while full-year capacity of the idling facilities stood at 49.7 billion kWh for 2016, according to data from the China National Energy Administration.
BRS Resources announced that AleAnna Resources has secured the final approvals from the Italian Ministry of Environment and the Italian Ministry of Heritage and Culture on the production concession application for the Gradizza natural gas field development.
TMX Group has developed a blockchain-based prototype that will be utilized by its energy exchange subsidiary, Natural Gas Exchange (NGX).
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