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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 EIA forecasts that retail sales of electricity to the industrial sector will grow by 2.8% million barrels per day this year and 12.8

Oil 344
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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

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Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.

Wind 195
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Ørsted and partners secure funding for H2RES project; offshore wind power to produce renewable hydrogen for road transport

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The plant will use electricity from offshore wind turbines to produce renewable hydrogen for buses, trucks and potentially taxis. The daily hydrogen production is expected to total around 600kg, enough to power 20-30 buses, while also making testing its use in trucks and taxis possible. Avedøre Power Station on Avedøre Holme.

Wind 259
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s.

Wind 220
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SAF company DG Fuels closes investments with two Japanese companies

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These facilities typically use approximately one ton of coal to produce one BBL of hydrocarbons, with a life cycle CO 2 emissions calculation that is slightly worse than equivalent fuels derived from conventional oil refining. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming.

Companies 370
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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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The system uses proprietary technology to autonomously orchestrate the lifting and lowering of the bricks, storing the potential energy in the elevation gain, and generating then discharging electricity as the bricks are lowered. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming.

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Wind-to-Hydrogen Tech Goes to Sea

Cars That Think

Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables. Some of the wind farms instead sit in clusters more than 100 kilometers out at sea.

Wind 93