The Oil and Gas Climate Initiative (OGCI) formed by ten of the worldâs largest oil companies including Shell, BP, Total, Statoil and Saudi Aramco, has announced it will spend $1 billion over the next ten years âto accelerate the development of innovative low-emission technologiesâ. According to Stuart Haszeldine, Professor of Carbon Capture and Storage, at the University of Edinburgh, this is âsmall change compared to the size of the problem. … [Read more...]
The five S’s that will define the new energy order
Digitalisation has already had a huge impact on the energy sector, yet we are only at the start of a revolution that will rip apart any business that is too slow to embrace it, writes Gerard Reid, founding partner of Alexa Capital, financial analyst and co-founder of the Energy and Carbon blog. According to Reid it is the combination of five Sâs â software, semiconductors, sensors, solar and storage â that will define the new energy order. And it … [Read more...]
For China 2016 has not been the Year of Nuclear Power
For Chinaâs nuclear industry, 2016 has been a frustrating year. So far, construction has started on only one new plant, and its target of bringing 58 gigawatts of nuclear capacity in service by 2020 seems impossible to meet, writes Steve Thomas, professor of Energy Policy at the University of Greenwich in London. Article courtesy of China Dialogue. … [Read more...]
Peak car ownership will speed up peak oil demand
In a new report, the Rocky Mountain Institute makes the stunning prediction that car ownership will peak by 2020. New ownership models and technological advances such as driverless cars will utterly transform the mobility market, concludes Fereidoon Sioshansi, president of Menlo Energy Economics and publisher of the newsletter EEnergy Informer. The big casualty will be oil companies, which are still in denial. … [Read more...]
The Nordic countries on Nord Stream 2: between scepticism and neutrality
Sweden, Finland and Denmark are unlikely to block or slow down the procedures of issuing national approvals for the construction of Nord Stream 2, write Justyna Gotkowska and Piotr Szymaáč ski of OSW, the Centre for Eastern Studies, in Poland. But according to the authors the Nordic countries do expect the European Commission to assess the compliance of Nord Stream 2 with the EUâs Third Energy Package. In addition, Stockholm and Copenhagen in … [Read more...]
Russia keeps expanding oil production despite low oil prices
Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices, reports the US Energy Information Administration (EIA). However, whereas western oil companies have slashed their spending, Russian oil and natural gas companiesâ capital investment programs have been less affected, if at all. As a result, Russian oil production has hit a post-Soviet record high. Article courtesy of US EIA. … [Read more...]
The slow death of fast reactors
Generation IV 'fast breeder' reactors have long been promoted by nuclear enthusiasts, writes Jim Green, editor of Nuclear Monitor, but Japan's decision in September to abandon the Monju fast reactor is another nail in the coffin for this failed technology. According to Green, fast reactors arenât becoming mainstream, despite the claims of nuclear lobbyists. … [Read more...]
Peter Carlsson, business angel (ex-Tesla): âBattery breakthrough 5-8 years awayâ
Europe is behind the US and Asia in battery development, but it can catch up if it sets aggressive goals and tough standards, says  California-based entrepreneur and investor Peter Carlsson. After leaving Tesla Motors last year, the supply chain expert is helping a host of cleantech start-ups profit from the energy transition. Within 5-8 years, batteries will break through big-time, he predicts. Grid storage will be done in stationary batteries … [Read more...]
Electric car revolution may drive oil âinvestor death spiralâÂ
Advanced batteries could âtip the oil market from growth to contraction earlier than anticipated,â concludes credit rating agency Fitch in a new study. Bloomberg New Energy Finance (BNEF) has already told investors to expect the âbig crashâ in oil by 2028âââand as early as 2023. Joseph Romm  Joseph Romm, founding editor of the influential weblog Climate Progress, warns of the âinvestor death spiralâ that may await the oil industry. Article … [Read more...]
Using clean cars as power plants: it can be done in the UAE
The combined engine capacity of the new cars we build in just one year is more than the entire electricity generation capacity in the world. If we power our cars with fuel cells, we can use them as clean power plants the 96% of the time we are not driving in them, generating all the electricity we need, at competitive costs, with zero emissions. Frank Wouters, Director of the EU-GCC Clean Energy Network, and Ad van Wijk, Professor Future Energy … [Read more...]
Why most âgreenâ electricity in Europe isnât green
Brussels is on course to deliver a big shake-up of the EUâs energy markets this December by trying to put consumers in the driving seat of the energy transition. Millions of consumers have already made the switch to âgreenâ electricity tariffs. Or so they think. But these tariffs are misleading and consumers are, in many cases, actually supporting fossil fuels or nuclear plants which are hidden behind a green façade, writes Jörg MĂŒhlenhoff, … [Read more...]
Hereâs how to build 100% clean renewable energy in the US before 2040
There really is a feasible way to build our way out of the climate crisis in time to avoid the worst effects of global warming, writes Tom Solomon of 350 New Mexico. We do it by rapidly replacing all fossil fuel-based energy with renewable energy built with current technology, installed in a smart grid. We pay for it without damaging the economy and actually save money vs. our current reliance on fossil fuels. The âside benefitsâ include cleaner … [Read more...]
Marie Fossum StrannegĂ„rd, VP Energy Ericsson: âFuture of smart metering depends on regulatory frameworkâ
Utilities are moving into a world where they have to handle lots of data real time, very similar to what the telecoms sector went through, says Marie Fossum StrannegĂ„rd, who is in charge of the energy business at Ericsson, in an interview with Energy Post. The Swedish telecommunications giant is a new player in energy, focusing â for now â on smart metering services. According to Fossum StrannegĂ„rd the future of smart metering depends heavily on … [Read more...]
Payment day for nuclear addiction in France
French year ahead power prices have risen sharply over the last few weeks amid worries over the reliability of EDFâs nuclear output in the coming winter. The situation in France demonstrates that nuclear power is neither as cheap nor as reliable as its proponents claim, writes Benedict de Meulemeester, Managing Director of Brussels-based E&C Consultants. According to De Meulemeester, the French market model, based on centralized power … [Read more...]
Who is afraid of Nord Stream 2?
Nord Stream 2, the new gas pipeline that Gazprom is planning to build from Russia through the Baltic Sea to Germany, has been criticised for reducing Europeâs diversification of energy sources and energy security. But according to Energy Postâs editor in chief Karel Beckman, the EU should welcome the pipeline, despite deteriorating relations with Russia. According to Beckman, Nord Stream 2 has a sound economic rationale behind it and the EUâs … [Read more...]
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