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Sandia innovation eliminates reliance on rare-earth magnets for large-scale wind turbines

Green Car Congress

Motivated by the need to eliminate expensive rare-earth magnets in utility-scale direct-drive wind turbines, Sandia National Laboratories researchers have developed a fundamentally new type of rotary electrical contact. Most of the current utility-scale wind turbines are dependent on rare-earth magnets, Koplow said. 1 milliohm).

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BASF and RWE proposing 2GW offshore wind farm for green electricity and hydrogen for chemical industry

Green Car Congress

Markus Krebber (RWE), accompanied by Chairman of the Mining, Chemical and Energy Industries Union (IG BCE) Michael Vassiliadis, presented a project idea that envisions a new 2 GW offshore wind farm in the German North Sea to provide the Ludwigshafen chemical site with green electricity and enable CO 2 -free production of hydrogen.

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LME copper prices at 9-year high

Green Car Congress

On 19 February, LME cash prices for copper hit a nine-year peak of US$8,806.50/t. The true direction of prices in 2021 will only be revealed once Chinese traders return and assess their appetite for the metal in March, Roskill said. This is the highest level since 1 May 2012 when copper traded at US$8,528/t.

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LME copper prices hit 7-year high

Green Car Congress

On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By Copper prices plunged 27% to a low of US$4,617/t in late March as the global impact of COVID-19 became apparent, but copper stabilized and then began to rise, completing a full recovery to its January starting point by the end of July.

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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

Green Car Congress

Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.

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The US just proposed 18 GW of new offshore wind sales

Baua Electric

Hywind floating offshore wind turbine by U.S. The US announced two proposals for offshore wind sales that could generate more than 18 gigawatts (GW) of clean energy – enough to power more than 6 million homes. It’s the first in a five-year lease schedule that could see up to 12 separate offshore wind auctions.

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

Green Car Congress

Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). Higher electricity prices mean that the average US household will pay about the same amount for electricity this summer as last summer.

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