Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 billion, as big oil benefits from higher prices and
Environment
Originally published by UC Berkeley Goldman School of Public Policy To meet the development needs of a growing population, Africa’s electricity sector requires a major transformation. Despite important changes over the past decade, efforts to expand and modernize the sector need to be redoubled. Indeed, current electrification rates, generation-capacity levels, and security-of-supply indicators underscore that
Anyone considering investing in solar panels will of course expect that it will be a while before they have paid for themselves producing valuable electricity. How long it will take to reach break even depends on many factors: The initial price of the system including full installation, the longevity of the hardware components of the
Energy’s rough patch may not last long. The year’s top-performing sector — the worst performer in the past month — should maintain the No. 1 spot as investors realize the depth of the demand-supply imbalance in energy, BK Asset Management’s Boris Schlossberg told CNBC’s “Trading Nation” on Thursday. Though concerns around the Covid-19 delta variant
Standing hundreds of feet above ground, wind turbines — like tall trees, buildings, and telephone poles — are easy targets for lightning. Just by virtue of their height, they will get struck. Lightning protection systems exist for conventional wind turbine blades. But protection was needed for blades made from a new type of material—thermoplastic resin
In this article 9107.T-JP 9502.T-JP Laszlo Podor | Moment | Getty Images Two Japanese firms have entered into a joint development agreement with Ireland-headquartered DP Energy to work on the initial phase of a tidal energy project in Canada. In statements released earlier this week Chubu Electric Power and Kawasaki Kisen Kaisha, or “K” Line,
The Western Australia Labor state government is moving forward with Project Symphony in a plan to link over 500 homes and businesses equipped with rooftop solar and home batteries in a virtual power plant. They plan also includes large appliances like air conditioners and electric hot water systems. Virtual Power Plants (VPP) manage the flow
Fruit and vegetable allotments on the outskirts of Henley-on-Thames, England. David Goddard | Getty Images News | Getty Images From oranges and lemons grown in Spain to fish caught in the wilds of the Atlantic, many are spoiled for choice when it comes to picking the ingredients that go on our plate. Yet, as concerns
Nova Innovation Tidal energy business Nova Innovation has said it is able to move forward with a project centered around scaling up the production of tidal turbines after receiving funding from the Scottish government. The £2 million ($2.78 million) funding boost, announced Thursday, will be used to support the company’s Volume Manufacturing and Logistics for
Mining in Australia is big business, very big business. The royalties fund much of the government spending at the state and federal level. Providing over 10% of Australia’s GDP, or $200 billion AUS, Australia’s mining companies demand to be listened to. So, when BHP sells its coal and oil assets and starts talking up electric
Ambient air carbon capture has come in for its share of ridicule over the years, but fans of the technology finally have something to cheer about. As applied to farming, carbon can be plucked from the air to boost crop yields. All that’s needed is an assist from solar power and some other equipment. An
Solarflux, a company specializing in parabolic dish concentrator technology, has developed the FOCUS parabolic dish concentrator, which converts 72% of the solar energy it gets into usable heat. This news comes from Solarflux, which just announced the results of an independent report by Lehigh University’s Energy Research Center. The report was conducted in close accordance
In this article REGI SEDG FSLR TAN Solar stocks could outperform as analysts get bullish on the group. That’s according to Matt Maley, equity strategist at Miller Tabak, who says the Invesco Solar ETF (TAN) and one of its holdings in particular could extend its climb. “You look at both First Solar and the TAN
Originally published on The Beam. By Emanuela Barbiroglio Born and raised in the German city of Schönau, Sebastian Sladek learned the meaning of the word “community” quite soon. Words like “energy,” “power,” and “rebellion” immediately followed. “Our city was small and traditionally conservative, a rural area in the middle of the Black Forest. My parents
Iran’s President-elect Ebrahim Raisi attends a news conference in Tehran, Iran June 21, 2021. Majid Asgaripour | WANA News Agency | Reuters U.S. officials say they are still trying to determine exactly what’s happening, but numerous reports say there’s potentially one hijacked ship in the Gulf of Oman and the status of several others is
A little bit of background: the Northern Territory covers almost one and a half million square kilometres (or 520,902 square miles), and has a population of only 246,500. 49% of the land in the Northern Territory is owned by the indigenous population. The economy is based largely on mining and petroleum. Most of the population
Lithium-ion batteries are the most common battery in consumer electronics. They are used in everything from cellphones to power tools to electric cars and more. However, they have well defined characteristics that cause them to wear out, and understanding these characteristics can help you to double the life of your batteries — or more. This
BP logos are seen at a BP petrol and diesel filling station southeast of London on June 15, 2020. BEN STANSALL | AFP | Getty Images LONDON — Oil and gas giant BP beat second-quarter earnings expectations on Tuesday, while expanding its dividend and share buyback program. The U.K.-based energy major said it will buy
The Sunshine State has set some ambitious targets in its efforts to go renewable. The state government target is 50% by 2030. RenewEconomy’s live feed indicates that as of 12 noon, the state is living up to its nickname, with 30% of its electricity coming from the sun. Still in the pipeline are wind farms
RIYADH, SAUDI ARABIA – JULY 19: (—-EDITORIAL USE ONLY â MANDATORY CREDIT – ” ROYAL COURT OF SAUDI ARABIA / HANDOUT” – NO MARKETING NO ADVERTISING CAMPAIGNS – DISTRIBUTED AS A SERVICE TO CLIENTS—-) Crown Prince of the United Arab Emirates (UAE) Mohammed bin Zayed Al Nahyan (L) meets with Crown Prince of Saudi Arabia