Virtual Reality Paving the Way for Enhanced Safety and Efficiency in the Power Industry, Reveals GlobalData
Virtual reality (VR) technology can help the power industry to deliver workforce training and education in an immersive environment. The VR market, worth nearly $7bn in 2018, is set to become a $28bn industry by 2030, at a compound annual growth rate (CAGR) of 13% over the forecast period. GlobalData’s latest theme report, ‘Thematic Research: Virtual Reality in Power’, highlights that VR training could kick off in a big way and bring new value to the power industry. However, while VR vendors...
Highview Power and Encore Renewable Energy to Co-Develop the First Long Duration, Liquid Air Energy Storage System in the United States
Highview Power Storage, Inc., a global leader in long duration energy storage solutions, and Encore Renewable Energy, a developer of renewable energy generation and storage projects, today jointly announced plans to develop the United States’ first long duration, liquid air energy storage system. This facility will be a minimum of 50MW, provide in excess of eight hours of storage (400MWh) and will be located in northern Vermont. The project is the first of many utility-scale, liquid air energ...
UK owns seven of top ten mega capacity offshore wind projects globally, says GlobalData
The global offshore wind market is set to grow at a compound annual growth rate of 16.2% between 2019 and 2030, reaching a cumulative capacity of 142 gigawatts (GW) by 2030, compared to 23.2GW at the end of 2018, according to GlobalData, a leading data and analytics company. Currently, the largest markets in wind offshore development are the UK, Germany, China, Denmark and Belgium – representing almost 93% of the installed offshore wind capacity. The UK, which has around 35% of global offs...
New Report Underlines the Great Potential of Renewables as a Source of Reliable Power for Refugee Settlements
Geneva, Switzerland – On-site renewable energy solutions can cost-effectively supply refugee communities with low-cost, reliable electricity, according to the findings of a new report by the International Renewable Energy Agency (IRENA) in cooperation with UNHCR, the UN Refugee Agency. There are currently almost 26 million refugees in the world today. Unreliable energy exposes them to additional and associated risks which renewables can serve to overcome. Renewables for refugee settlements: Su...
Study Finds CEE Countries Like Poland Offer Huge Investment Opportunities in Renewables, Solar Companies Look Set to Capitalize
Seven countries in Central and Eastern Europe secured a ranking in the 2019 ‘CMS Infrastructure Index: Bridging Continents,’ with Poland on top of the list for investment attractiveness. One of the region’s largest investors in solar, Sun Investment Group, looks set to continue its growth. Central and Eastern European countries figure prominently in the 2019 CMS Infrastructure Index, with the region cited as among the most attractive destinations for infrastructure investment. Poland, in...
U.S. Solar Market and 15 States See Best Quarter Ever for Residential Solar
WASHINGTON, D.C. and HOUSTON, TX – The U.S. residential solar market reached record highs in the third quarter of 2019 with 712 megawatts of solar installed, according to the latest U.S. Solar Market Insight report from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA). The U.S. solar market added 2.6 gigawatts of solar photovoltaics in the third quarter, swelling total U.S. solar capacity to 71.3 gigawatts. The increase in residential installations helped t...
Renewable energy to become dominant energy source in France’s capacity mix by 2027, says GlobalData
Nuclear power, currently the dominant energy source in France, is expected to be overtaken by renewable energy by 2027. The share of renewable energy in France is expected to reach 42.9% of the country’s power mix by 2023, up from 19.9% in 2018, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, 'France Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive Landscape', reveals that in 2018 nuclear power dominated the cap...
New ASCE Manual of Practice Offers Best Practices for Use of Fiber-Reinforced Polymers for Utility Lines
Reston, Va. – ASCE’s new book, Recommended Practice for Fiber-Reinforced Polymer Products for Overhead Utility Line Structures, MOP 104, Second Edition, details best practices for the use of fiber-reinforced polymer (FRP) composite poles and crossarms in resilient conductor support applications. This new edition updates and expands on nearly every aspect of FRP pole and crossarm testing, design considerations, installation, and asset management, providing the line designer with another tool in t...
Rice University Launches Bold Climate Change Initiative with Shell
Rice University has launched Carbon Hub, a climate change research initiative to fundamentally change how the world uses hydrocarbons. Carbon Hub's goal is a zero-emissions future in which hydrocarbons are not burned. Instead, they are split to make clean hydrogen energy and valuable carbon materials. (Photo by Tommy LaVergne/Rice University) HOUSTON – (Dec. 9, 2019) – Rice University has launched Carbon Hub, a major research initiative to create a zero-emissions future in which oil and na...
New ASCE Publication Explores Using Biodiesel as an Alternative Fuel
Reston, Va. – As industrialization and population increases, the need for energy is also increasing. Petroleum diesel is a major fuel source worldwide that possesses many disadvantages including decreasing fossil fuel reserves and increasing atmospheric pollution. These pollutants have significant negative impacts on the global environment and human health. Thus, it is imperative to develop alternate fuels and renewable sources of energy that are environmentally sustainable, with biodegradabilit...