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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. thousand terawatt-hours in 2018, up from 6.4

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

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Low global oil inventories coupled with continued high demand for gasoline, diesel, and other petroleum products means that increased production likely won’t have much impact on prices in the short term. in the commercial sector. Other key findings from the May 2022 STEO forecast include: Solar and wind power will provide 11.1%

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NETL framework for assessing economic viability of recovering REEs from unconventional sources

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China has been the dominant global supplier of REEs since 1988, providing up to 95% of the global REE market annually. Unconventional REE sources such as domestic coal and coal waste could yield the materials needed for the strong magnets necessary to turn wind into electricity and operate electric vehicles.

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Wind-to-Hydrogen Tech Goes to Sea

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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.

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Intermountain Power Agency orders MHPS JAC Gas Turbine technology for renewable-hydrogen energy hub, operated by LA DWP

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This award marks the first Advanced Class Gas Turbines in the industry specifically designed and purchased as part of a comprehensive plan to sequentially transition from coal, to natural gas and finally to renewable hydrogen fuel, and creates a roadmap for the global industry to follow. and Hitachi, Ltd.

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Consortium developing green hydrogen megaproject in Oman

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An international consortium comprising OQ, which is the Sultanate of Oman’s global integrated energy company, InterContinental Energy, the leading dedicated green fuels developer, and EnerTech, a Kuwait government-backed clean energy investor and developer, is developing an integrated green fuels mega project in Oman. trillion market by.

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UK to award £54M to 15 projects developing innovative carbon removal technology

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million, taking their projects through to the demonstration phase, and towards the successful commercialization of their technologies. The novel SMART-DAC technology is a natural wind driven process that captures CO 2 directly from air using membrane gas absorption with a liquid absorbent and regeneration of the absorbent by electrodialysis.

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