Energy Update
The World Bank last week approved $55.25 million in funding to support the Geothermal Energy Upstream Development Project in Indonesia, which aims to facilitate investment in geothermal power generation in the country.
TerraCOH's vision is grand. The fledgling firm would use carbon dioxide emissions - a nemesis to the planet - to power a Âgeothermal energy system, which would in turn produce low-cost, clean electricity. And TerraCOH's patented geothermal technology could serve as a big underground battery, effectively storing renewable - but intermittent - wind and solar energy.
The Cleantech Forum, organized by the Cleantech Group, took place on January 23-25. President Trump’s inauguration provided the backdrop for entrepreneurs, investors and experts to emphasize the need for technological solutions that can accelerate the transition towards a low-carbon economy.
China installed almost three times more wind power than the U.S. last year, continuing its clean-energy investment blitz to reduce greenhouse gas emissions and increase air quality.
(Wed, 15 Feb 2017) Oil plays a crucial role in the global economyâfrom the production of goods to the transportation of people and freight. For this reason, economic activity and oil consumption tend to move together, particularly in developing economies. This relationship makes gross domestic product (GDP) an important driver of oil consumption.
Zhejiang Petrochemical (ZPC) has selected Honeywell to provide process technology, engineering design, catalysts and automation control technologies for a new integrated refining and petrochemical complex in Zhoushan, Zhejiang Province.
Up to 6,000 homes in the U.K. are now receiving electricity from the first producing wind turbine on Dudgeon Offshore Wind Farm. When fully operational later in 2017 the offshore wind power farm will provide electricity to over 400,000 homes.
The Australian Renewable Energy Agency this week said it has committed $4.1 million in funding for Sydney-based company Ecoult to commercialize its battery technology.
Southwest Power Pool set a wind-penetration record of 52.1 percent at 4:30 a.m., Feb. 12, becoming the first regional transmission organization (RTO) in North America to serve more than 50 percent of its load at a given time with wind energy. The milestone beats a previous North American RTO record of 49.2 percent that SPP set April 24, 2016.
Sandia National Laboratories last week said that its researchers are studying corrosion on solar panels to help industry develop long-lasting PV panels and increase PV system reliability.
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