Energy Update
(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.
One of the most abundant elements on earth is being used to create an energy storage system that can heat homes as well as store electricity.
Subsidiaries of a company owned by President Donald Trump’s regulatory czar, billionaire investor Carl Icahn, urged a federal appeals court to review the Environmental Protection Agency’s 2017 biofuel mandate.
The nation most identified with its massive oil reserves is turning to wind and solar to generate power at home and help extend the life of its crucial crude franchise.
(Tue, 14 Feb 2017) The mix of fuels used to generate electricity in the United States has changed in response to differences in the expected cost of fuels and electricity-generating technology costs and their deployment. These factors, together with policies affecting emissions from power generation, will determine the generation fuel mix of the future.
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