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EIA: high prices for natural gas this winter as global consumption remains high and inventories low

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The US Energy Information Administration (EIA) expects higher-than-average natural gas prices globally as demand remains high this winter in the United States, Europe, and Asia, and inventories remain low. That price will be the highest inflation-adjusted monthly average price since 2008. —EIA Administrator Joe DeCarolis.

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Market Update: How Battery Pack Costs Declined Since 2008

Blink Charging

Electric vehicles, renewable energy systems, and grid energy storage all rely on efficient and affordable energy storage solutions, primarily lithium-ion batteries. The Dramatic Decline in Battery Costs The Energy Battery Pack in electric vehicles is a key component in storing the energy needed to power the vehicle’s electric motor.

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MIT and IEA reports take different views of the future of natural gas in transportation

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MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. The IEA takes a more conventional approach, assessing the impact on the penetration of vehicles burning gas as their fuel. Earlier post.)

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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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The partnership with AVL has already resulted in bringing to production the TECO Future Funnel, a complete exhaust gas cleaning system. IMO, the International Maritime Organization, targets carbon emission cuts of 40% by 2030 and 70% by 2050, compared to 2008 values. The plan is to start fuel cell production in 2022.

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CARB releases 2022 draft Scoping Plan update

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The California Air Resources Board (CARB) has released the draft 2022 Climate Change Scoping Plan —the third update to the state’s initial 2008 Scoping Plan. That broad-based coordination lays the foundation for a whole of government approach to future implementation. 100% of LDV sales are ZEV by 2035.

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Fossil Fuel Production Up in 2008 Despite Recession

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World production of fossil fuels—oil, coal, and natural gas—increased 2.9% in 2008 to reach 27.4 By 2008, coal production represented a third of fossil energy production. Mtoe per day in 2008, representing 39% of fossil energy production and slightly above the level in 2006, the next-highest production year. Mbpd in 2005.

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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

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The American Power Act, released as a discussion draft, targets reducing greenhouse gas (GHG) emissions by at least 4.75% compared to 2005 levels by 2013; by at least 17% compared to 2005 levels by 2020; by at least 42% compared to 2005 levels by 2030; and by at least 83% compared to 2005 levels by 2050. Natural Gas.