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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.
SAFE and the Electrification Coalition (EC) released a report highlighting policy opportunities to accelerate the adoption of vehicle-to-grid (V2G) technology. The transition to transportation electrification reduces dependency on oil and improves energy and national security.
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.
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.
The technology could fundamentally transform the way electricity is stored on the grid, making power from renewable energy sources such as wind and sun far more economical and reliable. Quinones are abundant in crude oil as well as in green plants. You could theoretically put this on any node on the grid. —Michael J.
Dina Star with Onboard DC Grid. ABB, the power and automation technology group, released third-party testing results showing that ABB’s Onboard DC Grid helps vessels reduce their fuel consumption, cut noise and trim their environmental impact. Onboard DC Grid system. ABB’s Onboard DC Grid concept. Click to enlarge.
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.
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.
Livestock were the single largest source of methane gas emissions in the United States in 2004, releasing 70% more into the atmosphere than the oil and gas industry as estimated by other inventories, according to a new study by a team from Harvard University, JPL/CalTech and UC Irvine. million tons) came from the oil and gas industries.
An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million (US$12.8
The California Air Resources Board (CARB) Executive Officer has certified the 2020 annual update to the carbon intensities (CI) of the lookup table pathways for a) California Average Grid Electricity Used as a Transportation Fuel in California and b) Electricity Supplied under the Smart Charging or Smart Electrolysis Provision. gCO 2 e/MJ.
One of the most common nonsense things we hear about EVs is that electric grids cant support them. After all, it takes a lot of energy to move a vehicle and its cargo, and if everyone did that with electricity, all of the energy coming from oil today would have.
Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. Utilities and oil and gas companies were involved in seven battery storage funding deals in 2019.
electricity provider National Grid faces a problem every time there is a soccer match on (or any other widely viewed televised event for that matter): During half-time, or a commercial break, an inordinate number of viewers go to turn on their tea kettles. These and other such products can help smooth out load fluctuations on the grid.
Hydrogen—a more versatile commodity than electricity—can be stored and used for a wide range of applications, eliminating carbon emissions from maritime transport, agriculture, aquaculture, fishing, tourism, leisure, Petro-chemicals, road transport, rail transport and grid balancing.
Flexible performance provides a proven capability to stabilize modern renewable heavy electric grids, including fast load change capabilities to support variations in demand. This brings licensing advantages and substantially reduces delivery risk for customers in the utility, oil & gas and industrial space.
According to Rystad Energy research, Spain, France, and Germany are among the countries committed or considering cross border pipelines to facilitate energy flows, while the UK with its extensive gas grid finds itself in a strong position to switch from natural gas to hydrogen. Repurposing natural gas pipelines.
This collaboration will help realize the decarbonization goals of industrial steel, wood products, concrete, oil and gas, and port operations markets. Adding H2ICE to the mix of zero-carbon solutions will also reduce the load required from already stressed utility grids. liter and 15-liter hydrogen engines into the Taylor product line.
While any project that meets the eligibility requirements is eligible to apply, the Department has identified five key technology areas of interest: advanced grid integration and storage; drop-in biofuels; waste-to-energy; enhancement of existing facilities; and efficiency improvements. Advanced Grid Integration and Storage.
Today, most hydrogen gas is produced using oil and gas.—Grey It is not connected to the gas grid. It only uses power from the grid in the winter. One family would need about 4 cubic meters of storage—the size of a regular oil tank. —KU Leuven researcher Jan Rongé.
In the Reference case, petroleum and other liquids (mainly motor gasoline and distillate fuel oil) are the primary fuels consumed in the US transportation sector. Onsite electricity generation, primarily from solar photovoltaics (PV), grows faster than purchased grid electricity for buildings through 2050. Source: U.S.
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.”.
Alberta’s oil sands operations accounted for 28.8% From 2005 to 2016, natural gas purchased by oil sands projects more than tripled, from 0.73 Natural gas is largely used in the oil sands to generate steam for in situ oil production, and in situ growth has been the main driver behind increased oil sands demand for natural gas.
Hydrogen demand is currently concentrated in oil refining and ammonia production, but nearly 90% of projected demand growth through 2050 comes from new sectors like heavy-duty transportation, steel production, and long-term energy storage. According to S&P Global Commodity Insights’ hydrogen outlook, global hydrogen demand grows from 70.4
Renewables will be the primary source for new electricity generation, but natural gas, coal, and increasingly batteries will be used to help meet load and support grid reliability. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies. —Stephen Nalley.
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.
Suncor’s operations include oil sands development, production and upgrading, offshore oil and gas, and petroleum refining in Canada and the US. In addition to supplying hydrogen to Suncor and the Alberta gas grid, the project would make hydrogen volumes available for Alberta’s other industrial, municipal and commercial transport users.
The Long-Term Electric Vehicle Outlook outlines two scenarios for the uptake of electric transport to 2050, and examines impacts on demand for batteries, materials, oil, electricity, infrastructure and emissions. million barrels of oil demand per day. —Aleksandra O’Donovan, head of electric vehicles at BloombergNEF.
is shown with both UK and French grid mixes. water, and non-renewable energies (crude oil, coal.) Quantifies the quantity of energy (crude oil, coal.) Further, due to the variation in the power grid mix from one country to another, the benefits of the EV varies significantly based on that grid mix. consumption. ?.
These partnerships will leverage the ability of electric car batteries to store energy and share it with homes, businesses and power grids—making electric vehicles even more useful, while promoting efficient energy use. million barrels of oil a year. The number of LEAF vehicles sold since 2010 is enough to save 3.8
To Nick de Vries, chief technology officer at the solar-energy developer Silicon Ranch , a transformer is like an interstate on-ramp: It boosts the voltage of the electricity that his solar plants generate to match the voltage of grid transmission lines. Their very durability shoulders the grid. The company isnt alone in its quandary.
BP Pulse, the charging-infrastructure unit of oil giant BP, is working with FreeWireTechnologies to get more of the company's mobile fast-charging stations installed in the United Kingdom. Under a $50 million agreement, BP Pulse will use FreeWire Boost Charger stations as part of a network buildout that will include 700 or more public.
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.”
The concept showcases alternative sources of energy and its reliability for off-grid situations. The next phase of WIN WIN will also help to further develop the economic feasibility of wind and potentially other renewables in complex environments with demanding functional requirements.
Widely ignored, although gaining attention, is China’s strategic positioning as a crucial gatekeeper to several key “green” technologies, including battery energy storage to support electric vehicles (EVs)—specifically, battery electric vehicles (BEVs)—along with stationary storage for power grids.
Oil accounts for most of this decline as, for the first time, global consumer spending on oil is set to fall below the amount spent on electricity. Global investment in oil and gas is expected to fall by almost one-third in 2020. At the same time, many national oil companies are now desperately short of funding.
Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel. Under the terms of the agreement, Energy Vault agreed to provide 1.6
The mobilization of CMA CGM will make possible the industrialization of new concrete energy solutions tested on board this floating smart grid. CMA CGM and Energy Observer R&D experts will pool their expertise and knowledge to develop technological solutions capable of limiting the environmental impact of shipping.
The hydrogen is combined with CO 2 to produce methane, which is pumped into and stored in the existing natural gas grid and used like natural gas for use in power generation, transportation, or other thermal and industrial uses. Gas produced by the VGV system would be bought on this basis.
In the near-term, the military is focusing on the adoption of microgrids, ADVs, and V2G (vehicle-to-grid) technologies within the military’s non-tactical vehicle fleet, Navigant said. The military is pursuing the development of microgrids in tandem with vehicle-to-grid (V2G)-enabled plug-in electric vehicles.
Total corporate funding (including venture capital funding, public market, and debt financing) for battery storage, smart grid, and efficiency companies in 1H 2019 was flat with $2.3 Smart Grid. VC funding in smart grid companies in 1H 2019 was 11% lower with $120 million compared to the $135 million raised in 1H 2018.
Neste Oil and SHV Energy have agreed that SHV Energy will market and sell biopropane to be produced at Neste Oil’s Rotterdam refinery. LPG already provides our customers with a cleaner rural energy choice to the high-carbon fuel alternatives many are dependent on in off-grid areas. Earlier post.)
A battery, based on electrodes made of sodium and nickel chloride and using thea new type of metal mesh membrane, could be used for grid-scale installations to make intermittent power sources such as wind and solar capable of delivering reliable baseload electricity. The work was supported by the French oil company Total S.A.
Two units have already been sold to utilities in the United States: NYSEG and RG&E, AVANGRID companies, and National Grid. The battery separately powers the drivetrain and hydraulic motors, resulting in hydraulic breakout forces equal to diesel-powered machines and improved performance during simultaneous loader and drivetrain operation.
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