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IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

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While there are many effective solutions for daily energy storage, the most common being batteries, a cost-effective long-term solution is still lacking. The investment costs of UGES are about 1 to 10 US$/kWh and power capacity costs of 2.000 US$/kW. An open-access paper on the work is published in the journal Energies.

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EIA: US ammonia prices rise in response to higher international natural gas prices; up by a factor of 6 in two years

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US ammonia prices closely follow international ammonia prices because approximately 14% of total US ammonia consumption is met by imports. Because the global ammonia market is highly interconnected, the US price of ammonia closely follows international ammonia prices rather than only US natural gas prices. MMBtu in March 2021.

Price 259
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.

Gas 243
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IIASA study proposes solid air hydrogen liquefaction as efficient addition to hydrogen liquefaction supply chain

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One of the challenges of constructing a global hydrogen economy is hydrogen transportation by sea. An open-access paper on the work is published in the International Journal of Hydrogen Energy. International Journal of Hydrogen Energy doi: 10.1016/j.ijhydene.2023.03.405 —Julian Hunt Resources Hunt, J., Montanari, P.,

Hydrogen 273
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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.

Russia 150
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Global aerospace study finds fuel costs continue as major airline concern

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Airline executives continue to express concern about rising fuel costs, according to a new global aerospace study released today by CIT Group Inc., 82% of respondents said they were extremely concerned (51%) or very concerned (31%) about fuel supply and costs. 2011 Global Aerospace Outlook Challenges of an.

Global 199
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UCL-led study finds climate impact caused by growing space industry needs urgent mitigation

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Global revenue generated from this industry is forecast to grow from 350 million USD in 2019 to more than 1 trillion USD by 2040 (Morgan Stanley, 2020). Decline in global stratospheric O 3 is small (0.01%), but reaches 0.15% in the upper stratosphere (?5 Effect of rocket launch and re-entry emissions on global climate forcing.

Climate 428