Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries
Copenhagen, Denmark – Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to a new report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns....
Enabling the Energy Transition with Blockchain
A new survey highlights shifting priorities in the energy sector with an accelerating transition towards digitailisation, decentralisation and decarbonisation. On a global scale, innovative technologies such as electric storage, renewable energies and market design are impacting top action priorities for energy leaders globally in 2018. Blockchain technology is ranked high in impact and uncertainty within every region identified in the survey of more than 1,200 energy leaders in 95 countries....
TCarta Delivers Satellite Derived Bathymetry Data to Total for Hydrocarbon Exploration Project
BRISTOL, United Kingdom – TCarta, a global provider of marine geospatial products, has delivered satellite derived bathymetry (SDB) to Total SA, one of the world’s largest oil and gas producers. Total will use the water depth data for preparing seismic survey works off the coast of Myanmar. “Our processing team delivered the satellite derived bathymetry just a few weeks after Total placed the order,” said TCarta CEO David Critchley. “Traditional airborne or shipborne bathymetric mapping...
ScottMadden Releases Latest Semi-Annual Energy Industry Update to Assess How the Industry Is Recalibrating to Anticipate a “New Normal”
ScottMadden, Inc., one of North America’s leading energy consulting firms, has released its latest edition of The Energy Industry Update (EIU). Themed “Recalibration,” this EIU examines some of the emerging and continuing trends in the industry, with the hope that it will help energy executives “recalibrate” as our industry anticipates, and creates, the next “new normal.” We are well over a year into a new Presidential administration, changes in policy and priorities—as well as changes i...
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...
Video: New Roundabout Under Construction at McIver and Old Florence Roads in Darlington County
Promenade at The Point
June Issue 2026
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