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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.
The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). million barrels per day this year and 12.8
Battery electric vehicles are only as clean as the energy source used to generate the electricity that powers them. These results indicate that coal and oil are the energy sources leading to most emissions, and that hydro, wind, and nuclear are the energy sources leading to least emissions.
Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.
In the first half of 2022, motors with oil cooling became the dominant form in the electric car market, taking 50% market share, according to a report from IDTechEx. IDTechEx is predicting oil to gain an even greater market share with purely water jacket-cooled motors remaining in a significant way.
At Motor Bella 2021, Bosch is introducing its new efficient 230 electric motor for commercial and medium-duty vehicles. The new 230 electric motor has a rated voltage of 800 volts and is designed for long service life. Bosch‘s electric motor 230 for commercial vehicles. This results in a system efficiency of up to 97%.
by Michael Sivak, Sivak Applied Research The overall advantage of battery electric over gasoline vehicles, in terms of well-to-wheels emissions of greenhouse gases, has been well documented. However, the emissions of electric vehicles depend greatly on the energy source used to generate the electricity that powers them.
Battery electric vehicles are only as clean as the energy source used to generate the electricity that powers them. These results indicate that coal and oil are the energy sources leading to most emissions, and that hydro, wind, and nuclear are the energy sources leading to least emissions. Energy source. Natural gas.
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.
At IAA Mobility 2021 in Munich, Porsche is presenting the Mission R concept electric car that combines advanced technologies and sustainable materials, such as natural fibre-reinforced plastics, with a passion for racing. The electric motor on the front axle produces up to 320 kW (435 PS) in race mode.
Petrochemicals are rapidly becoming the largest driver of global oil demand. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. Source: IEA. —Dr Fatih Birol, IEA Executive Director.
The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its first phase and determined that wind power could be used to power offshore water injection. WIN WIN uses a floating wind turbine as a platform for an autonomous water injection system.
DSIC) has delivered the wind-assisted Very Large Crude Carrier (VLCC) New Aden to China Merchant Energy Shipping Co., This system can monitor the status of power supply, communication self check, hydraulic lifting and electric rotation, so that a fault source can be quickly located. Dalian Shipbuilding Industry Co. Ltd (CMES).
Vehicle technologies span a range from new Si/graphene Li-ion anode materials and composites for motor windings to diesel aftertreatment and advanced lubricants. Hybrid Electric Turbocharger for Exhaust Energy Recovery and Transient Lag Reduction. Hybrid Electric Turbocharger for Exhaust Energy Recovery and Transient Lag Reduction.
During the EVS 25 electric vehicle expo in Shanghai earlier this months, Honda engineers presented a glimpse into the development of an advanced high-performance electric motor that Honda had designed as part of a KERS (Kinetic Energy Recovery System) intended for its 2009 Formula One race car. oil circuit and reduce losses.
LDVs powered by fuels other than gasoline, such as diesel, electricity, or E85, or equipped with hybrid drive trains, such as plug-in hybrid or gasoline hybrid electric, increase modestly from 18% of new sales in 2012 to 22% in 2040. Natural gas overtakes coal as the largest fuel for US electricity generation.
China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Oil use grows, but in a narrowing set of markets.
In the 800-volt variant of the electric motor, Bosch has increased the power density. This improves the semiconductors’ electrical conductivity. Due to the use of I-pin bar winding, the motor’s efficiency, compactness, and level of automation in production can be further improved. These increase efficiency, and thus also range.
In today’s Electrek Green Energy Brief (EGEB): Saudi Arabia’s first wind farm is now connected and producing clean energy. Arizona may get its very first electricity provider that offers 100% clean energy. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates.
Statoil has made the final investment decision to build the world’s first floating wind farm: The Hywind pilot park offshore Peterhead in Aberdeenshire, Scotland. The wind farm will power around 20,000 households. Statoil is proud to develop the world’s first floating wind farm. Production start is expected in late 2017.
Bentley Motors has launched a three-year research study on electric vehicle powertrains, utilizing a fully integrated, free from rare-earth magnet e-axle that supports electric vehicle architectures. This reinforces Bentley’s ambition to lead sustainable luxury mobility and introduce the first fully electric Bentley by 2026.
EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production. per gallon in 2024.
In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power.
Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Electricity demand is set to increase 62%, resulting in global generating capacity almost tripling between 2018 and 2050.
While oil will remain the most widely used fuel, overall energy demand will be reshaped by a continued shift toward less-carbon-intensive energy source as well as steep improvements in energy efficiency in areas such as transportation, where the expanded use of advanced and hybrid vehicles will help push average new-car fuel economy to 48 mpg (4.9
BP Wind Energy, through its wholly-owned subsidiary Rolling Thunder I Power Partners LLC, has signed a purchase agreement to install a high-storage battery at its Titan 1 Wind Farm in South Dakota. Situated on 7,500 acres in Hand County, Titan 1 Wind Farm is wholly owned and operated by BP Wind Energy.
The Brent crude oil spot price averaged $112 per barrel in 2012, and EIA’s July 2013 Short-Term Energy Outlook projects averages of $105 per barrel in 2013 and $100 per barrel in 2014. The use of liquids declines in the other end-use sectors and for electric power generation. Liquid fuels.
For example, a typical medium-sized family car will create around 24 tonnes of CO 2 during its life cycle, while an electric vehicle (EV) will produce around 18 tonnes over its life, the report said. A similar electric vehicle will have embedded production emissions of 8.8tCO 2 e, 43% of which arise from the battery. Neville Jackson.
Although all-electric vehicles (EVs) produce zero tailpipe emissions, there are upstream emissions of greenhouse gases from electricity production. Using electricity production data by source and state, the DOE’s Alternative Fuels Data Center has estimated the annual carbon dioxide (CO 2 e)-equivalent emissions of a typical EV.
The system uses proprietary technology to autonomously orchestrate the lifting and lowering of the bricks, storing the potential energy in the elevation gain, and generating then discharging electricity as the bricks are lowered. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming.
Lamborghini unveiled the Lanzador electric concept at Monterey Car Week—a vision of a future purely-electric fourth series production Lamborghini. A key advantage of electric sports cars with two motors is the precise torque distribution for enhanced driving dynamics. Active Aerodynamics. Torque Distribution.
In Brazil, the rebound of road transport activity after the April low drove a recovery in oil demand, while increases in gas demand in the later months of 2020 pushed emissions above 2019 levels throughout the final quarter. As travel and economic activities pick up around the world, oil consumption and its emissions are rising again.
Infinitum Electric , developer of ultra high-efficiency, durable, lightweight and cost-effective electric motors built with patented printed circuit board (PCB) stator technology and integrated control systems, has closed a $1.8-million Infinitum Electric’s fully-integrated 5HP motor for HVAC.
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. —Pensana’s Chairman, Paul Atherley.
The Front-Loading Net Zero report states that electricity production costs could be reduced by up to 50% by 2050 if countries and states adopt 100% renewable systems faster than currently planned. The report says that carbon neutral systems can provide cheaper electricity compared to current fossil-fuel-based systems.
Ørsted, the world’s leading offshore wind developer, together with the major industrial companies in the North Sea Port cluster, have launched the SeaH2Land vision for a gigawatt scale project to reduce carbon emissions in the Dutch-Flemish industrial cluster with renewable hydrogen.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Project VGV uses surplus electricity generated by renewable and nuclear sources to produce hydrogen via electrolysis. Click to enlarge.
The growth reflects an expected 90% increase in electricity use, led by developing countries where 1.3 billion people are currently without access to electricity. Over the same period, electric and plug-in vehicles are expected to grow to about 70 million cars, or less than 5 percent of the total fleet. Transportation.
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.
Oil accounts for most of this decline as, for the first time, global consumer spending on oil is set to fall below the amount spent on electricity. Global investment in oil and gas is expected to fall by almost one-third in 2020. At the same time, many national oil companies are now desperately short of funding.
In a paper in Nature , they suggest that the use of such redox-active organic molecules instead of redox-active metals represents a new and promising direction for realizing massive electrical energy storage at greatly reduced cost. Quinones are abundant in crude oil as well as in green plants.
ZF is presenting new electric drives for passenger cars and light commercial vehicles. ZF’s new electric drive. ZF’s new generation of electric drives is based on a modular overall concept with integrated electric motor, inverter, transmission, and software. E-Motor Stator with new braided winding.
It aims to experiment, test and develop energy solutions based on hydrogen, solar, tidal and wind power. The green hydrogen used by Energy Observer is made from seawater using on-board renewable sources of electricity (solar, wind and hydropower).
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel? —Baker Institute report Need Nickel?
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