Utility-linked smart thermostats to account for 36% of $75bn automated home market by 2025, says GlobalData
The automated home market exceeded $23bn in 2018 and is expected to reach $75bn by 2025, at an impressive compound annual growth rate (CAGR) of 18%, according to GlobalData, a leading data and analytics company. GlobalData’s latest theme report, ‘Thematic Research: Automated Home and Utilities’, states that growth will mostly be driven by smart thermostats, which are becoming increasingly common as consumers and governments look to control energy consumption. In fact, over $7bn of the 2018 fi...
Ørsted to Build 230 MW Wind Farm in Nebraska
CHICAGO - Ørsted’s U.S. onshore company, Lincoln Clean Energy (LCE), a leading developer of U.S. renewables, issued the Final Notice to Proceed on its Plum Creek wind facility in Wayne County, Nebraska. This follows the final investment decision from Ørsted’s Board of Directors. The 230MW wind farm is expected to be operational in 2020 and will generate enough energy to power up to 100,000 homes annually. Upon issuance, LCE now has 670MW of wind facilities under construction across three sta...
Rice Reactor Turns Greenhouse Gas into Pure Liquid Fuel
Rice University engineer Haotian Wang adjusts the electrocatalysis reactor built in his lab to recycle carbon dioxide to produce liquid fuel. The reactor is designed to be an efficient and profitable way to reuse the greenhouse gas and keep it out of the atmosphere. (Credit: Jeff Fitlow/Rice University) HOUSTON – A common greenhouse gas could be repurposed in an efficient and environmentally friendly way with an electrolyzer that uses renewable electricity to produce pure liquid fuels....
New Wärtsilä 31DF Engine Makes Entry to Energy Industry with Unprecedented Efficiency with Fuel and Operational Flexibility
The technology group Wärtsilä introduces its latest engine and power plant solution to the power generation markets. The Wärtsilä 31DF multi-fuel engine offers unequalled open-cycle efficiency, fuel choice flexibility, and unparalleled dynamic operational features. It offers an excellent solution for markets where a gas supply is anticipated but not yet available, or where there are concerns regarding the availability or price of gaseous fuel. The Wärtsilä 31DF engine is specifically designed...
APAC Will Continue to Lead Global Wind Turbine Market with 33.14GW Capacity by 2023, Says GlobalData
Asia-Pacific (APAC) is expected to lead the wind turbine market with an annual installation capacity of 33.14 gigawatt (GW) by 2023, largely driven by onshore deployment; followed by EMEA and Americas with capacities of 19.9GW and 11.7GW, respectively, according to GlobalData, a leading data and analytics company. The company’s latest report ‘Wind Turbine, Update 2019 – Global Market Size, Competitive Landscape and Key Country Analysis to 2023’ reveals that the buoyancy in the market is large...
China Set to Contribute 34% of Asia and Oceania’s Crude Distillation Units’ Capacity Growth by 2023, Says GlobalData
China is expected to drive capacity growth of 34% in Asia and Oceania’s refinery crude distillation units (CDUs) from planned and announced (new-build) projects between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Refining Industry Outlook in Asia and Oceania to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Refineries’, reveals that China is expected to have new-build CDU capacity of 2,021 thou...
New Urban Land Institute Report Reflects Decade of Progress in Improved Environmental Performance in the Built Environment
WASHINGTON (August 28, 2019) – A new report from from the Urban Land Institute’s (ULI) Greenprint Center for Building Performance shows that the real estate industry has made significant progress over the past 10 years in reducing carbon emissions and energy consumption while increasing asset value. The Greenprint Center, which is celebrating its tenth anniversary, comprises an alliance of the world’s leading real estate owners, investors, and financial institutions who are committed to improvi...
Renewables 'Eliminate' Base Load Reliance in South Australia
Picture: Nathan Rodriguez. An Australian state once ridiculed for its reliance on renewable energy sources is being used as a global example of how traditional “base load” generation can be eliminated from the electricity supply system. South Australia already leads the nation in the uptake of wind energy and roof-top solar with renewable sources accounting for more than 50 per cent of the electricity generated in the state. This followed the closure of the state’s last coal-fired...
Asia-Pacific power plant tenders activity down 17% in July 2019
T&D Project stood at first place when compared with other power tender categories in the Asia-Pacific region in July 2019 with 300 tenders and a 48% share, followed by T&D Equipment with 126 tenders and a 20.2% share and Generation Equipment with 99 tenders and a 15.8% share during the month. The proportion of tenders by category tracked by GlobalData in the month was as follows: Project Implementation: 75 tenders and an 89.3% share Repair, Maintenance, Upgrade & Others: six tenders a...
New Ranking Shows Norway, Finland, Japan, U.S. Lead in “Mission Innovation” Clean Energy Commitments
WASHINGTON—As part of the 2015 Mission Innovation initiative, 23 countries and the European Union committed to double their public investments in clean energy research, development, and demonstration (RD&D) within five years. As the five-year mark approaches, a new Global Energy Innovation Index from the Information Technology and Innovation Foundation (ITIF)—the world’s top-ranked think tank for science and technology policy—finds that, among the member countries, Norway, Finland, Japan, and th...