Romania has the third largest natural gas reserves within the European Union (EU) and new reserves are still being discovered. With domestic gas production within the EU declining, the country could play an important role in the regional market. But for this to happen, interconnections need to be expanded and the liberalization of the market needs to be completed, write Ramona Visenescu and Henry Bartelet of the independent international think … [Read more...]
US shale oil: the limits to growth
With technological progress slowing down and financiers becoming more reluctant to invest, estimates of future US shale oil production are becoming more conservative, writes geophysicist Jilles van den Beukel. By the early 2020s, the ability of US shale oil to provide a ceiling on oil prices will be significantly diminished. … [Read more...]
Shell, BP climate disclosures ‘just a marketing tool’, says ShareAction
Two years after BP and Shell shareholders resoundingly passed resolutions requiring the oil majors to factor climate change risks into their corporate strategy and accounting, the two companies are disclosing no more than bare minimum, a new report from a U.K.-based NGO has found. Article by Kyla Mandel of DeSmog. … [Read more...]
How blockchain is transforming the energy industry
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...]
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...]
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...]
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...]
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...]
Electric vehicles and the $5 trillion dollar market transition
Change in the world of wheels is accelerating! Momentum is building and some days it’s hard to keep up. Every week, the assumptions about the future of transportation, and the energy systems that turn our wheels, are becoming more Jetson-esque. Peter Tertzakian of Oilprice.com tries to distinguish the reality from the hype. "An electric car is not like a smartphone or a Netflix subscription." … [Read more...]
Battery startup Brill Power wins New Energy Challenge
UK start-up company Brill Power has won the top prize at the New Energy Challenge 2017 in Amsterdam. The company has developed new technology that greatly increases the lifetime and reliability of lithium-ion batteries. … [Read more...]
Energy traders sound alarm: “electricity borders in the EU are closing instead of opening”
Regulations governing the EU wholesale electricity market have become so complex that the integration of the market is regressing instead of progressing, says Peter Styles, Chairman of the Electricity Committee of the European Federation of Energy Traders (EFET), in an interview with Energy Post. He notes TSOs (transmission system operators) on average now make less cross-border electricity transmission capacity available on the EU high voltage … [Read more...]
Interview Claude Fischer Herzog: “EU needs a nuclear industrial policy”
Europe is in danger of losing its leading position in nuclear power, warns Claude Fischer Herzog, Director of ASCPE-Les Entretiens EuropĂ©ens et Eurafricains, a prominent Paris-based pro-nuclear civil society organisation. Fischer calls on the EU to develop an industrial policy of which nuclear power will form an integral part. … [Read more...]
The future for gas guzzlers lies in hybridization
The car of the future will be a hybrid, writes independent researcher Schalk Cloete in the second part of a short series in which he compares costs and performance of various drivetrains. According to Cloete, improvements and cost reductions in electric motors and batteries will, ironically, help the internal combustion engine (ICE) through hybridization. These cost reductions combined with substantial engine downsizing can make hybrid … [Read more...]
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