Crude Oil Plummets to 18-Year Low
Source: Refinitiv Eikon Desperate Times, Desperate Measures Today US WTI Crude oil prices dropped below $20 and have seen the lowest price since 2002. It’s impossible to predict where the prices will go from here, but as demand continues to weaken and the clash between Saudi Arabia and Russia continue, lower seems likely. With the US and China struggling with COVID-19 and the repercussions on the Supply Chain, the world’s two biggest oil consumers are not looking at a recovery a...
Lithuania’s Solar Scene to launch World's First Online Consumer Platform for Purchasing Solar Energy in Remote Solar Plants
Lithuanian companies launch the first in the world online consumer platform where everyone can purchase a part of remote solar plant. New legislation in the country, changing consumer needs and growing demand for solar energy inspired a project called “Solar Community” (Lith. “Saulės bendruomenė”). Andrius Terskovas, Managing Partner and Chief Business Development Officer of Sun Investment Group - the company behind the project - explains how this model can benefit individual consumers, and help...
Poland Quadruples Solar Energy Output, Becomes 5th Largest Producer in Europe
Source of the photo: Unsplash The European Union increased its solar energy market by more than 100% making 2019 the most successful year so far. Being one of the five countries contributing to this growth the most, Poland has almost quadrupled its solar capacities in one year to reach 784MW. The leading solar developer in the region, Sun Investment Group, credits the self-consumption model and government efforts for unprecedented growth. Last year was the most fortunate year for the Eu...
New ASCE Publication Provides Safety Recommendations for New and Existing Petrochemical Facilities
Reston, Va. – Seismic Evaluation and Design of Petrochemical and Other Industrial Facilities, Third Edition, provides practical recommendations affecting the safety of new and existing petrochemical and other industrial facilities during and following an earthquake. In the area of new design, this book emphasizes the interpretation of building codes' intent and gives practical guidance on design details and considerations, which are not included in building codes. For existing facilities, eva...
Wärtsilä power plant will add reliability to Guyana’s electricity supply and support future use of renewables
The technology group Wärtsilä and electric utility Guyana Power and Light Inc. (GPL) have signed an Engineering, Procurement and Construction (EPC) contract for a 46.5 MW dual-fuel power plant at the Garden of Eden Generating Complex in the Cooperative Republic of Guyana. The project will be an immediate boost to the reliability of Guyana’s electricity system and will support near term integration of renewables into the grid. The order was booked with Wärtsilä in December 2019. Oil exploratio...
Azelio inaugurates its renewable energy storage at Noor Ouarzazate solar complex in Morocco
Azelio has completed the installation of its renewable energy storage with 24h clean power production at Noor Ouarzazate solar complex in Morocco. An inauguration ceremony was held on March 5, 2020 together with the Moroccan Agency for Sustainable Energy (Masen) and invited prominent guests. A well-attended inauguration ceremony of Azelio's renewable energy storage took place at the Noor Ouarzazate solar complex in Morocco on March 5th, in the presence of government representatives from sev...
Wärtsilä signs 15-year Operation and maintenance agreement for El Salvador power plant
Wärtsilä will operate and maintain Energía del Pacífico’s 378 MW power plant in El Salvador for the next 15 years when the plant commences operations at the end of 2021. The technology group Wärtsilä has signed a long-term Operation & maintenance (O&M) agreement with Energía del Pacífico for a 378 MW power plant in El Salvador. The 15-year agreement was signed in Q4 2019 and will take effect when the plant commences operations at the end of 2021. Wärtsilä will start to recognise order intake...
IQGeo Helps Peninsula Light Create Digital Twin of Electric Network
Cambridge – IQGeo (AIM: IQG), developer of mobile-first geospatial productivity and collaboration solutions for the telecoms and utility industries, is helping Peninsula Light to create a digital twin of its electric network and a new mobile meter deployment capability. IQGeo’s software has enabled Peninsula Light to digitize the rollout a major meter upgrade project that will see line crews and operational personnel using the IQGeo mobile software to install 33,000 new meters during 2020....
Helsinki searches sustainable city heating solutions: Global challenge competition launches today
In a drastic turn to eliminate coal as the main source of district heating, The City of Helsinki today kicks off the Helsinki Energy Challenge – a global one million euro competition to find the future of urban heating. With the aim to find a solution sustainable in the long term, ideas presented must not rely on fossil fuel or biomass fired heating. With the aim of becoming carbon-neutral by 2035 and with coal banned from energy production in Finland from 2029, Helsinki is strongly dedicated...
Lux Predicts Energy Storage Market Will Hit $500 Billion by 2035
BOSTON, MA – The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. The report, “Global Energy Storage Market 2019,” estimates that the three main drivers of energy storage – mobility applications, electronic devices, and stationary storage – will reach an annual combined deployment level of 3,046 GWh over the next 15 years, up from the current 164 GWh, with mobility applications making up the lion’s share...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
TriMet’s Banfield Type 1 Substation Replacement Project
February Issue 2026
