2014-07-17 Energy Week

Please note: this post is still being developed.

Friday, July 11

¶   The White House threatened to veto a proposed $34 billion House bill setting FY 2015 spending for the DOE, the Department of Interior, and the Army Corps of Engineers, saying it “significantly underfunds” investments to develop clean energy technologies. [POWER magazine]

¶   Global oil production advanced in 2013 by 557,000 barrels per day (bpd), an increase of 0.6 percent over 2012 and a new all-time high of 86.8 million bpd. After declining in 2009, global crude oil production has now increased 4 years in a row. [EnergyTrends Insider]

Saturday, July 12

¶   There may now be 6.5 million direct and indirect jobs in renewable energy, according to new data from the International Renewable Energy Agency. Global PV employment is estimated to be 2.3 million in 2013, with 1.45 million in biofuels and 834,000 in windpower. [Emirates 24/7]

¶   German hard coal consumption for power generation was down by 11% year-on-year in the first quarter of 2014 as the use of coal in electricity production gave way to higher renewable power production, coal importers lobby VDKI said on Friday. [Reuters]

¶   Facing strong opposition from students, faculty and nearby residents who opposed a fossil fuel plant did due to its carbon footprint, the University of Delaware has scrapped plans for a 279 MW natural gas burning co-generation power plant. [Natural Gas Intelligence]

Sunday, July 13

¶   A geothermal project valued at $958 million was approved by the Costa Rican Legislative Assembly last week. Over $600 million of the total will potentially be funded by two sources: the Japanese International Cooperation Agency and European Investment Bank. [CleanTechnica]

¶   NTR is lining up a €400m investment in wind energy on the island of Ireland as it seeks to diversify its US-focused power business. The company has just announced its first annual profit since the financial crash in 2008. [Irish Independent]

Monday, July 14

¶   On Saturday and Sunday in Oklahoma, there were seven earthquakes. As of last month, Oklahoma had surpassed California in the number of earthquakes. It’s possible that hydraulic fracturing, or fracking, could have played a role in causing them. [CNN]

¶   Despite ‘best efforts’ by the Punjab government, it is not getting the coal supply from the Centre to run its newly-commissioned thermal plants, which would easily give the state more than 2,000 MW. Punjab is in a desperate need of coal to power irrigation for crops. [Hindustan Times]

Tuesday, July 15

¶   California-based Siva Power has an ambitious cost roadmap for its thin-film solar modules. Siva says its first 300-MW production line will manufacture modules at 40¢ per watt, but believes it can get all-in costs down to 28¢ per watt after another two years of operation. [Energy Collective]

¶   Minnesota Power has taken delivery of equipment for Bison 4, a 205–MW addition to a wind farm. Once operational, Bison 4 will push Minnesota Power past the 25% renewable energy goal established by state legislators, 11 years ahead of the 2025 deadline. [Northland’s NewsCenter]

¶   Global clean energy investment surged to $63.6 billion in the second quarter of 2014, up 33% compared to the first quarter and 9% compared to Q2 2013, according to the latest authoritative figures from research company Bloomberg New Energy Finance. [Commodities Now]

¶   “Electric Cars Will Change the Way You Power Your Home” When you put a solar panel on your roof, your home becomes a mini-power plant. When you buy an electric vehicle, you suddenly control an automobile-shaped energy-storage device. [TIME]

Wednesday, July 16

¶   Japanese authorities have declared that two nuclear reactors at Sendai meet new standards put in place after the 2011 Fukushima disaster and are safe enough to be restarted, paving the way for the revival of the country’s atomic energy industry. [Washington Post]

¶   Rather than simply working against the (likely inevitable) spread of distributed generation, Vermont’s Green Mountain Power has been transforming itself into a company with a business model that puts renewable energy and distributed generation at its core. [CleanTechnica]

¶   Just when Cape Wind officials thought it was safe to go back in the water, the GOP-controlled House approved an energy and water appropriations bill that included a measure to bar a $150 million federal loan guarantee for the Nantucket Sound offshore wind farm. [RenewablesBiz]

Thursday, July 17

¶   The Australian Senate voted on Thursday to scrap the country’s carbon tax and plans for emissions trading, a major victory for conservative Prime Minister Tony Abbott that leaves uncertainty about how the country will meet its carbon reduction goals. [Gulf Times]

¶   Following two record-setting months in May and June of this year, total American EV sales have surged past 222,000 units since late 2010, and while the Nissan LEAF and Chevy Volt remain the dominant players, there are many more options now. [CleanTechnica]

¶   The U.S. will build 351,000 MW of new electric generation capacity by 2040, according to an Energy Department forecast. The agency projects new capacity over the next three decades will be 73% natural gas, 24% renewable and 3% nuclear. [FuelFix]

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