Energy Update
China and Pakistan signed a US$50 billion memorandum of understanding (MoU) on May 13 to develop and complete the Indus River Cascade, according to information from the China-Pakistan Economic Corridor (CPEC). The MoU was one of several signed related to improving and developing Pakistan’s infrastructure.
On Tuesday May 9, Rocky Mountain Institute announced that ten energy companies from nine nations, including Sempra and Royal Dutch Shell, had joined the Energy Web Foundation (EWF), a nonprofit comprising of Rocky Mountain Institute and Grid Singularity, with a mission to accelerate the commercial deployment of blockchain technology in the energy sector.
Over R130 billion (roughly US$10 billion) is spent on energy products such as charcoal, kerosene and candles across Africa annually. However, the work being done in South Africa with solar power means that number could drop drastically over the next decade or two.
At the storage industry matures, larger companies are starting to purchase some of the original start-ups.
Vulnerabilities in the power grid are one of the most prevalent national security threats. The technical community has called for building up the resiliency of the grid using distributed energy and microgrids for stabilization.
Fluor has started the mechanical construction for The Dow Chemical's new ethylene derivative plant in Freeport, Texas, US.
Companies led by SoftBank Group Corp. of Japan and Taiwan’s Foxconn Technology Co. Ltd. are bringing India some of the cheapest solar power in the world, helping Prime Minister Narendra Modi reach his ambitious clean-energy goals.
Calls from the industry and utilities including Vattenfall AB for Germany to auction more offshore wind blocs are unlikely to fall on sympathetic ears until voters elect a new parliament.
Two industrial gas turbines, manufactured by Siemens, are being transported 16,000km from Sweden to the Termoeléctrica del Sur power plant in Bolivia.
Anyone looking for clues as to the direction of global oil demand would be well advised to count the number of electric bicycles dodging traffic in China’s streets.
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