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Convert Oil Wells to Solve the Solar Storage Problem

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A possible answer, though, might lie in oil wells. The California-based Hyperlight Energy will be piloting an installation where they plan to use existing oil wells as solar thermal wellsprings, with the stored energy being converted back to clean electricity when required. But we can still reduce the carbon [cost] of that oil.”

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UC Riverside opening Sustainable Integrated Grid Initiative; integration of solar energy, battery storage and electric and hybrid vehicles

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Schematic of the “New Grid Testbed” components, including renewable energy generation, energy storage, smart distribution and electric transportation Click to enlarge. Energy monitoring, management and control tools developed by UC Riverside engineering students to ensure energy grid stability, reliability and efficiency.

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Jordan signs $2B oil shale investment agreement with Saudi company

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The government of Jordan and the Saudi Arabian Corporation for Oil Shale (SACOS) recently signed a $2-billion agreement under which the government grants the Saudi company the right to extract and to develop the oil shale resources in the Attarat Um-AL-Ghudran region covering an area of 11 square kilometers.

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Mercom: battery storage, smart grid, and efficiency companies raise $210M in VC funding in Q1 2019, down 55.5% YoY

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A combined $210 million was raised by battery storage, smart grid, and energy efficiency companies in Q1 2019—a 55.5% Smart Grid. Total corporate funding in Smart Grid came to $32 million in 16 deals compared to $272 million in 10 deals in Q4 2018. There were no battery storage project M&A transactions in Q1 2018.

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Lux: Total is leading example of oil supermajor expanding into solar plus storage and distributed generation

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France-based Total is the first oil supermajor aggressively to enter new areas of business including solar plus storage and distributed generation, notes Lux Research in a new report : “Superpower Darwinism: What Big Oil Can and Cannot Do About Total’s Billion-Dollar Battery Move.”.

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Rystad Energy expects strong growth in hydrogen pipelines through 2035

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Globally, Europe is at the forefront of efforts to produce and import green hydrogen and its attention is now turning to building the necessary infrastructure to get it to demand centers. Europe, with its extensive gas grid, is well placed to make the jump. Switching infrastructure from gas to hydrogen is possible and cost effective.

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Shell moves ahead with 80,000 barrel per day Carmon Creek oil sands project

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Royal Dutch Shell plc will proceed with its Carmon Creek project in Alberta, Canada, expected to produce up to 80,000 barrels of oil per day. At Carmon Creek, the design includes a novel well delivery system and the use of cogeneration that will also feed power into the Alberta grid; enough to power half a million homes.

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