Blockchain technology offers cost-saving and process efficiencies for the energy sector that are too compelling to ignore, write Luis Colasante and Taniga Krish for Oilprice.com. But it does require a clear framework where all participants agree on the standards and rules. … [Read more...]
Archives for October 2017
German utilities are struggling with digitalization, especially in retail
German utilities claim that they are becoming consumer-centred, service-based organisations, but research from Oliver Wyman shows that in actual fact their market share in the digitalized retail market is very small, writes energy economist Marius Buchmann of Jacobs University in Bremen. But they may still deliver on their promise: they are ready to launch digital attackers. Article courtesy of Buchmann’s blog Enerquire. … [Read more...]
A solar transportation system?
Are solar-powered cars the future? According to David Hone, Chief Climate Change Advisor at Shell, solar augmentation, for example in the form of solar roofs, may become widespread by 2030. By 2050 a vehicle fleet requiring little to no net energy becomes a real possibility. Courtesy David Hone's Shell Climate Change blog. … [Read more...]
The uncertain future of fusion energy
With costs of solar and wind power dropping, investors may start to wonder whether putting money into fusion energy still makes sense. Independent energy consultant Daniel Kauffman discusses the uncertain future of fusion energy, in particular of the ITER project in France, but concludes that "putting more chips on the fusion table seems like a sensible hedge". … [Read more...]
Experts who sold the idea of oil exports proven very wrong very fast
Oil market experts all claimed that lifting the ban U.S. oil exports would not result in very large exports. They all turned out to be wrong very quickly, writes Justin Mikulka on DeSmog blog. American oil is even going to China these days. With devastating consequences for the environment and the climate. … [Read more...]
Want energy storage? Here are 22,000 sites for pumped hydro across Australia
Three researchers from Australian National University have conducted a study into the possibility for new pumped hydro storage capacity in Australia – with remarkable results. They have identified more than enough sites to provide all the energy storage Australia needs for an energy system based on renewables. Courtesy The Conversation. … [Read more...]
Exclusive interview: Bertrand Piccard will go around the world again – with 1,000 solutions
Bertrand Piccard, the man who flew around the world in a solar-powered airplane, will be taking another trip around the world. This time he will show governments 1,000 innovations that together will make it possible to reduce energy consumption and greenhouse gas emissions by half. “I want to show that it is possible and profitable for countries to be much more ambitious in their climate policies”, says Piccard, who considers this the second … [Read more...]
In the growing wave of climate litigation, could the automobile industry be next?
The oil industry is increasingly the focus of climate change litigation, writes Martin Olszynski, Assistant Professor at the Faculty of Law of the University of Calgary. Carmakers have so far not been targeted, but Olszynski thinks that could change – especially if they continue to urge lawmakers to relax environmental standards and promote the sales of light trucks and SUVs. … [Read more...]
Solar power alone won’t solve energy or climate needs
Recent reports that solar capacity will soon exceed nuclear capacity reveal an important fact. They also hide a crucial distinction needed to understand the context of energy production, and use and consequences of choices among supply options for the future, writes Jatin Nathwani of the University of Waterloo. Courtesy The Conversation. … [Read more...]
Chinese slowdown may end nuclear’s last hope for growth
This year has been catastrophic for nuclear power, and just when it seemed the situation couldn't get any worse for the industry, it did, writes Jim Green, editor of Nuclear Monitor: there are clear signs of a nuclear slow-down in China, the only country with a large nuclear new-build program. According to Green, if this program stalls, nuclear power looks headed for an irreversible decline. Courtesy Nuclear Monitor. … [Read more...]
The Clean Growth Strategy puts faith in energy efficiency – here’s how to do it
The UK government’s new Clean Growth Strategy gives quite a lot of priority to energy efficiency. That’s good news, write Jan Rosenow and Richard Cowart of the Regulatory Assistance Project (RAP). What’s needed next is to develop the policies that actually deliver the goods. This can be done by following the principle of Efficiency First. … [Read more...]
Underestimating the contribution of solar PV risks damaging policy making
The continuing lack of realism in projections for solar PV - by the IEA and others - risks damaging policy making by misdirecting effort in developing low carbon technologies, writes climate change economist Adam Whitmore. … [Read more...]
European business angels are rediscovering cleantech
Private investors often lack knowledge about the latest trends in cleantech, says Candace Johnson, president of the European Business Angel Network (EBAN) in an interview with Energy Post. But they are catching up quickly. EBAN has started a partnership with sustainable energy accelerator InnoEnergy to learn more about what is happening in the cleantech sector. “Business angels have more patience than venture capitalists”, notes Johnson. “We … [Read more...]
Britain’s switch to low-carbon energy could give a £21 billion boost to the economy
The UK’s transition to a low-carbon economy will lead to new markets being created which could generate up to ÂŁ21 billion in value annually for utilities, according to new research from Stephen Hall of the University of Leeds and Jeffrey Hardy of Imperial College London. Their research, which focuses on the effects of energy policy on the creation of new markets, can help companies plan for the future. Courtesy The Conversation. … [Read more...]
Dutch coalition accord: the Netherlands goes for climate leadership in Europe
While the U.S. government is abandoning Obama’s Clean Power Plan and taking the U.S. back to the age of fossil fuels, the new Dutch government has presented an unexpectedly ambitious climate and energy policy. The Netherlands will adopt a Climate Law and a minimum CO2 price and it wants to persuade the EU to increase its CO2-reduction ambition from the current 40% in 2030 to 55%. It also intends to close all its coal-fired power stations by 2030 … [Read more...]