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IBM introduces new wind and solar forecasting system for utilities; big data analytics and weather modeling to predict output

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The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy. By utilizing local weather forecasts, HyRef can predict the performance of each individual wind turbine and estimate the amount of generated renewable energy.

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MOL joins “Wind Hunter Project” for combination of sails and fuel cells on ships

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MOL) has joined a wide-ranging corporate-academic partnership in a zero-emission initiative called the “Wind Hunter Project,” seeking new applications for hydrogen fuel and wind power. The Wind Hunter Project combines wind propulsion sailing technology and wind energy converted to generate a stable supply of hydrogen.

Wind 243
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IndianOil and Nuclear Power Corporation sign JV agreement for setting up nuclear power plants

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Indian Oil Corporation Ltd., India’s flagship national oil company, and Nuclear Power Corporation of India Ltd. It is also pushing into renewable energy sources such as solar, wind, bio-fuels, and hydrogen. NPCIL) recently entered into a joint venture agreement for setting up nuclear power plants across the country.

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New Road Map to a US Hydrogen Economy

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A coalition of major oil & gas, power, automotive, fuel cell, and hydrogen companies have developed and released the full new report, a “ Road Map to a US Hydrogen Economy. ” Analytical support was provided by McKinsey and scientific observations and technical input was provided by the Electric Power Research Institute.

Economy 521
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ExxonMobil Outlook projects hybrids and advanced vehicles to account for nearly 50% of cars globally by 2040; fuel demand for for personal vehicles to peak and decline, while commercial transportation demand rises 70%

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Exxon Mobil Corporation’s new The Outlook for Energy: A View to 2040 , released last week, projects that global energy demand in 2040 will be about 30% higher than it was in 2010 as population grows to 9 billion and global GDP doubles. The mix of fuels used to produce electricity will change significantly. Click to enlarge.

Personal 408
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Hydrogenics wins order from E.ON for power-to-hydrogen-gas energy storage project in Germany

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Electrolysis company Hydrogenics Corporation has received an order from E.ON for a “Power-to-Gas” project in Germany. The 2 MW energy storage facility, to be located in Falkenhagen in northeast Germany, will use surplus renewable energy sources to produce hydrogen for storage in the country’s existing natural gas pipeline network.

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Pensana plans $125M rare earth separation facility in England

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The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment. China currently supplies 98% of Europe’s rare earth magnets.

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