SynTech Bioenergy Announces Advances in Biomass Renewable Technologies
Denver, Colo.: SynTech Bioenergy, a Denver based renewable energy technology company, is committed to delivering distributed clean energy through advanced thermal conversion of biomass and other wastes around the globe. The SynTech BioMax® systems are small, immensely scalable, easily transportable and affordable. As of May, SynTech has completed the installation of its newest facility which will convert pecan shells into electricity in Texas. Five similar plants are currently operating...
Dawn of the Digital Transformer
No matter how good a piece of technology is, there comes a time when it needs to evolve. The creation of the distribution transformer in the early 1880s was a technological marvel. For the first time, it allowed the high voltage flowing through the national grid to be safely and effectively reduced to end-user levels. They were originally built to feed electricity going in one direction and usually were not used at night, giving them time to cool down. “Transformer technology has advanced sig...
GE Ventures Launches Data-Driven Company to Advance Industry Inspection Services
BERLIN - Today at GE’s Minds + Machines Europe event, GE Ventures (NYSE:GE) announced the launch of Avitas Systems, a new company that will use predictive data analytics, robotics, and artificial intelligence to deliver advanced inspection services to the oil and gas, transportation, and energy industries. “Unplanned asset downtime is a top issue for the oil and gas industry, and can cost operators millions of dollars” Routine inspections can be slow and costly, and often include humans pe...
Sunnova Raises nearly $1 Billion Based on Strength of Business Approach
HOUSTON, June 13, 2017 — Sunnova Energy Corporation, a leading residential solar service provider in the U.S., announced today it has raised aggregate capital of nearly $1 billion in the past three months after closing a $140 million round of debt funding with CIT Group and other investors this past week. The amount raised in such a short amount of time, all while increasing customers' and investors' faith in the business, is further proof that Sunnova's innovative approach is driving solar i...
Reporting Oil Companies’ Proved Reserves in 2016 Decline for Second Consecutive Year
Annual reports of 68 publicly traded oil companies indicated that their aggregate proved liquids reserves declined in 2016 for the second consecutive year. The decline in proved reserves was heavily concentrated in a few companies that reduced their estimated reserves from Canadian oil sands projects. Downward revisions of existing resources, relatively low extensions and discoveries, and relatively high production also contributed to a decline in proved reserves. Source: U.S. Energy Infor...
NERC’s Summer Reliability Assessment Highlights Seasonal Electricity Reliability Issues
The North American Electric Reliability Corporation's (NERC) recent 2017 Summer Reliability Assessment finds that there are enough resources to meet this summer's projected peak electricity demand in all areas of the country. Anticipated reserve margins, the amount of expected unused electric generating capacity at the time of peak load, range from slightly less than 15% in New England to almost 29% in New York. In the absence of cost-effective, large-scale electricity storage,...
RigNet’s SI&A Business Unit Wins Systems Integration Contract For New North American Downstream Energy Facility
HOUSTON- RigNet, Inc. (NASDAQ:RNET), announced today that it was awarded a multi-million dollar contract to provide communications infrastructure for a new downstream energy facility in North America. The contract leverages the skills and knowledge of RigNet’s highly trained Systems Integration and Automation (SI&A) engineers responsible for developing robust and resilient infrastructures. RigNet’s scope of work includes the engineering, procurement and construction management for communicati...
IEA Calls for Clear and Consistent Policy Support for Nuclear Energy
The International Energy Agency (IEA) has called for nuclear energy to receive “clear and consistent policy support for existing and new capacity, including clean energy incentive schemes for development of nuclear alongside other clean forms of energy.” Agneta Rising, Director General, World Nuclear Association said, “The IEA’s report is clear: nuclear needs to be a major source of clean energy, reliably supplying the world’s future requirements.” The IEA made its recommendation in its pu...
Ohio Opt-Out Will Cost State Billions in Benefits
Our new research shows that utility customers would pay a hefty price if more large customers were allowed to opt out of energy efficiency programs. In Ohio's case, they would pay billions of dollars. Fundamental fairness suggests that because these programs benefit everyone, everyone should pay for them. The Ohio legislature is weighing whether to allow more large customers such as manufacturers to leave customer-funded energy efficiency programs. When a large customer opts out, it no l...
United States Remains the World’s Top Producer of Petroleum and Natural Gas Hydrocarbons
The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for both petroleum and natural gas relative to their 2015 levels. The United States has been the world's top producer of natural gas since 2009, when U.S. natural gas production surpassed that of Russia, and it has been the world's top producer of petroleum hydrocarbons since 2013, when its production exceeded Saudi Arabia’s. For the Uni...