Financial Closing Gives Wärtsilä the Go-ahead for Building the New Hamina LNG Terminal
The LNG terminal to be built at the Finnish Port of Hamina by the technology group Wärtsilä under a turnkey contract has reached financial close and received the necessary building permits. Debt financing for the project has been concluded with Skandinaviska Enskilda Banken and Finnvera, the Finnish state-owned specialised financing company. The total investment is worth approximately 100 million euros. In addition to supplying the engineering, procurement, and construction of the terminal, W...
Energy Department’s Manufacturing USA Initiative Drives Energy Innovation, But New Report Highlights Need for Stable Funding
WASHINGTON—Energy innovation has the potential to strengthen U.S. manufacturing, but market failures lead to gaps in private sector investment. The U.S. Energy Department’s “Manufacturing USA” innovation institutes help bridge those gaps, according to new report released today by the Information Technology and Innovation Foundation (ITIF), but sustaining long-term energy innovation will require more stable funding and additional measures to build on the institutes’ early successes. ITIF, the lea...
Innovative Solar-Plus-Sharp SmartStorage Microgrids Installed in Santa Rita Union School District
SALINAS, Calif. - Generate Capital, MBL-energy, and Sharp Electronics Corporation’s Energy Systems and Services Group (Sharp) announced today that the solar PV plus SmartStorage® energy storage systems have been installed at six sites within the Santa Rita Union School District (SRUSD) in Salinas, California. The systems will provide up to seven hours of power at each school during a grid outage and will also offset the school’s energy and demand usage resulting in substantial savings on its uti...
US Sanctions Likely to Cut Demand for Iranian Crude and Limit Scope for New Developments, Says GlobalData
Following the news that the US government will withdraw from the nuclear accord with Iran or Joint Comprehensive Plan of Action (JCPOA) and re-impose sanctions on the country, Will Scargill, Senior Fiscal Analyst for Oil & Gas at GlobalData, a leading data and analytics company, considers the impact that this could have on Iranian oil production, ''Finding new investment to fund crude oil development projects in Iran has been a challenge and the imposition of new US sanctions is likely to...
Pasadena, California Fire Department Switches to Neste MY Renewable Diesel
The Pasadena Fire Department, a California city northeast of Los Angeles, has switched much of its fleet of apparatus from operating on petroleum diesel to using Neste MY Renewable Diesel™. The department plans to transition all its fleet apparatus to renewable diesel by 2019. Neste MY Renewable Diesel is a low-carbon diesel produced from 100 percent renewable and sustainable raw materials, such as waste animal and fish fat, vegetable oils and used cooking oil. It emits up to 80 percent less...
Renewable Energy Jobs Reach 10.3 Million Worldwide in 2017
Abu Dhabi, UAE — The renewable energy industry created more than 500,000 new jobs globally in 2017, a 5.3 per cent increase from 2016, according to the latest figures released by the International Renewable Energy Agency (IRENA). According to the fifth edition of Renewable Energy and Jobs – Annual Review, launched at IRENA’s 15th Council in Abu Dhabi today, the total number of people employed in the sector (including large hydropower) now stands at 10.3 million globally, surpassing the 10 millio...
BP and Alaska Gasline Development Corporation Sign Binding Gas Sales Precedent Agreement
(ANCHORAGE) — The Alaska LNG Project reached a historic milestone today as BP Alaska and Alaska Gasline Development Corporation (AGDC) announced the parties have agreed to key terms of a Gas Sales Agreement, including price and volume. The terms are captured in a Gas Sales Precedent Agreement signed May 4, 2018. The parties anticipate finalizing a long-term gas sales agreement in 2018 for AGDC to purchase BP Alaska’s share of 30 trillion cubic feet (TCF) of gas from the Prudhoe Bay and P...
EIA Releases May’s U.S. Short-Term Energy Forecast
The U.S. Energy Information Administration released its Short-Term Energy Outlook (STEO) on Tuesday, May 8, 2018 The full STEO can be downloaded at: http://www.eia.gov/forecasts/steo/ EIA’s STEO forecast on summer gasoline prices and demand/supply is at: https://www.eia.gov/outlooks/steo/pdf/sf01.pdf EIA’s STEO forecast on summer household electricity expenses is at: https://www.eia.gov/outlooks/steo/pdf/sf02.pdf Forecast Highlights Global Liquid Fuels Brent crude oil sp...
Energy Storage Company Launches Bid to Raise $50 Million
1414 Degrees Head of Corporate Service Penelope Bettison, Executive Chairman Dr Kevin Moriarty and Chief Technology Officer Matthew Johnson at the commpany's Lonsdale plant. South Australian energy storage company 1414 degrees has launched a bid to go public and raise up to A$50 million to fast track its operations. The company has spent a decade and $15 million developing its silicon storage technology and today announced it had lodged a prospectus for an Initial Public Offering (IPO) wit...
Moxie Solar Illinois Opens Headquarters in Dixon, Illinois
DIXON, IL- Moxie Solar Illinois LLC, in partnership with the City of Dixon, Lee County, Small Business Development Center of Dixon, Lee County Industrial Development Association, and Dixon Chamber of Commerce and Main Street, is proud to announce the opening of its headquarters and regional distribution center located in the former Walter C. Knack building in Dixon, IL. Dixon is the county seat of Lee County, and the boyhood home of former US President Ronald Reagan. Approximately 100 miles...
Video: Crashes Drop Measurably After Rural Road Safety Improvement Project on US 521 in Lancaster County
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June Issue 2026
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