Indonesia has Highest Capex on Crude and Natural Gas Projects in Southeast Asia Over Next Seven Years, says GlobalData
Indonesia has highest capital expenditure (capex) on planned and announced crude and natural gas projects in Southeast Asia over the period 2018–2025, according to GlobalData, a leading data and analytics company. The company’s report: ‘Q4 2018 Quarterly Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia – Indonesia has Highest Capex on New-Build Projects’ reveals that Indonesia leads in Southeast Asia with 23 planned and announced proje...
Battery Energy Storage System Uses Artificial Intelligence to Lower Energy Bills and Provide Utility Grid Services
NEW YORK - Peak Power Inc., a leading energy services provider, announced today that it has successfully completed the installation of 375 kW / 940 kWh of battery energy storage with GHP Realty, a division of Houlihan-Parnes Realtors, LLC, at their headquarters at 4 West Red Oak Lane, White Plains, New York. This project was funded in part through an incentive from a Con Edison Energy Efficiency program. "Peak Power is proud to partner with GHP Realty, a well-respected leader in the New York...
E.ON Energy Services Reaches Milestone with 100th Self-lifting Crane Deployment
AUSTIN, Texas - E.ON Energy Services (EES) announced today it has reached a significant milestone with the 100th deployment of its self-lifting crane on a maintenance job at the Loraine Wind Farm, near Sweetwater, Texas. "Because of EON's commitment to safe, cutting edge technology E.ON Energy Services was able to bring a lower cost solution to wind asset owners in the North American market," said Kurt Anderson, Vice President of Business Development for EON Energy Services. "The resulting be...
Fast-Track Power Plant Delivered to Mexico with O&M Agreement, Wärtsilä Supplies the Complete Package
A 130 MW power plant, delivered on an Engineering, Procurement and Construction (EPC) basis by the technology group Wärtsilä, has commenced full operations. Wärtsilä also operates and maintains the facility under a three-year operation and maintenance (O&M) agreement. The natural gas fuelled plant was ordered in October 2017 by Pemcorp, a Mexico-based independent power producer, on behalf of the owners, Texas-based Arroyo Energy Investors, specialists in power generation projects. The plant oper...
TCI and CIER Partners With The Climate Group to Help Taiwanese Companies Commit to 100% Renewable Electricity
TAIPEI, Taiwan - The Taiwanese market links the global supply chain; from Apple to IKEA Group, Google to Unilever it creates products and services the world depends on. These companies have also all committed to using 100% renewable electricity, now Taiwanese companies are making the shift. The CIER-RE100 Partnership Launch event happened on November 12th and was hosted by the first Taiwanese company to make that commitment, TCI Co., Ltd. TCI has committed to sourcing 100 percent of its elect...
China, India and US will Drive Global Power Transmission and Distribution Conductors Markets over Next Four Years, says GlobalData
China, India and the US will be the driving forces for the global transmission and distribution conductors markets over the next four years, according to GlobalData, a leading data and analytics company. The company’s report: ‘Power Transmission and Distribution Conductors, Update 2018’ reveals that the aggregate global market value of power transmission and distribution conductor markets were valued at $25.99bn and $103.50bn during the period 2013–2017 and are estimated to be valued at $29.5...
PSEG is Powering Progress Toward a Sustainable Energy Future
NEWARK, N.J. - Public Service Enterprise Group (NYSE:PEG) today published its 2018 Sustainability Report, updating stakeholders on its efforts to provide clean and affordable energy while supporting the diverse communities it serves. The 2018 Sustainability Report provides an accounting of the company's achievements that set a foundation for reshaping its business to meet the evolving needs of its customers and society. The full report is available online at www.pseg.com/sustainability. Th...
Why the Upsurge in Microgrid Development?
For more than a century, advanced economies abided by the ‘bigger is better’ philosophy for electric power supply. The world built massive grids that connected power plants to homes and businesses via wires that traversed thousands of miles. As a result, the US grid, alone, now contains enough high-voltage transmission wire to circle the Earth six times over, making it what some describe as the world’s biggest machine. The grid build-out served its purpose well; 84 percent of the global popul...
To Address Climate Change, New ITIF Report Calls for Robust Energy Innovation Agenda
WASHINGTON — Addressing climate change requires dramatically reducing carbon pollution. Toward this end, a new report released today by the Information Technology and Innovation Foundation (ITIF), the world’s leading think tank for science and technology policy, offers an energy innovation agenda that would tackle the hardest challenges impeding the transition to a low-carbon energy system. The report diagnoses the limits of the current clean energy innovation agenda, identifies sectors and tech...
Hungary Marks Eastern Europe’s Move Away From Traditional Energy Sources By Aiming To End Coal Power By 2030
Following yet another hike in the European Union’s emissions trading system (ETS) in its fight against climate change, Hungary has announced that it aims to phase out its use of coal and be fully reliant on renewable energy sources by 2030. Hungary, along with neighbouring Poland, the Czech Republic, and Bulgaria, is one of the EU’s most coal-dependent member states - in 2016, it sourced 18% of its electricity from coal, 50% from nuclear, and 20% from gas. At present, lignite produces 14...