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Colin Bennett

Environmental Economics: Sustainability and Resilience - 0 views

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    A philosophical diatribe to start your week.
Hans De Keulenaer

The Oil Drum: Europe | New Nuclear Reactors For The UK: Is This Really A Good Idea? - 0 views

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    This is a guest article by Dr. David Fleming. Fleming is the Founder Director of the Lean Economy Connection, and an independent writer in the fields of energy, environment, economics, society and culture. The article is based on Fleming's recent 56-page booklet, The Lean Guide to Nuclear Energy, which expands and references the arguments presented. The booklet is available to download here: The Lean Guide to Nuclear Energy
Hans De Keulenaer

Energy Outlook | The Oil Price Tax - 0 views

  • An article in today's Washington Post compared the recent rise in oil prices to a $150 billion dollar-per-year tax on the US economy, enough to negate the various economic stimulus plans being discussed by the Congress and White House. It's a shocking figure, and it helps feed the forecasts of recession, which tend to be at least partially self-fulfilling. But before we accept that $150 million figure at face value--despite its impressive pedigree--it's worth spending a moment on a few ballpark validations. Above all, we should remind ourselves that if high oil prices are a tax, they tax producers, not consumers, who rarely purchase crude oil to use in our homes or vehicles.
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    Another example of pass-through pricing. At least it happens where I take my fuel.
Hans De Keulenaer

Climate Change Debate Hinges On Economics - washingtonpost.com - 0 views

  • Most of the technologies that could reduce greenhouse gases are not only expensive but would need to be embraced on a global scale, scientists say. Many projections for 2030 include as many as 1 million wind turbines worldwide; enough solar panels to cover half of New Jersey, massive reforestation; a major retooling of the global auto industry; as many as 400 power plants fitted with pricey equipment to capture carbon dioxide and store it underground; and, most controversial, perhaps 350 new nuclear plants around the world.
Hans De Keulenaer

New Publication: Study on climate change and employment - 0 views

  • The main finding is that even moderate climate change will affect economic activity and employment in Europe, with some regions and economic sectors being particularly vulnerable. Increased warming will be likely to have very damaging consequences.
Colin Bennett

Prospects for the Global Wind Energy Industry Are Still Strong Despite Recession, Says ... - 0 views

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    BOULDER, Colo. -- May 4 2009 - The wind energy industry has been battered by the global economic crisis, with market participants being dealt a severe blow by the credit crunch that began in 2008. However, the future prospects for wind energy remain bright, according to a new report from Pike Research. The cleantech market intelligence firm forecasts that total installed wind generation capacity will reach 320 gigawatts (GW) in 2015, representing a 165% increase over 2008 levels.
Colin Bennett

US Wind in 2009 - 0 views

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    Building off sharp growth in 2007‐2008, US wind power development in 2009 has been impacted dramatically by the current economic climate-and US wind players must readjust their strategies in the wake of this new competitive environment. The US wind power industry finished 2008 at a record pace with 8,546 MW of new wind plant added, led by Texas, Iowa, New York, Kansas, and Wyoming. EER forecasts a sharp decline in 2009, but a rebound in 2010 and growth of 12 GW per year on average from 2010‐2020 to supply nearly 14% of total US power demand.
Gina-Marie Cheeseman

Increasing Efficiency In Wind Power - - 0 views

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    Despite the current economic crisis, there is good news for the U.S. wind power sector: R&D is paving the way for increased efficiency in wind power.
Phil Slade

2010 Peak Oil Report | The Peak Oil Group - 1 views

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    "Business calls for urgent action on "oil crunch" threat to UK economy Taskforce warns Britain is unprepared for significant risk to companies and consumers Poorest to be hit hardest by price rises for travel, food, heating and consumer goods New policies must be priority for whoever wins the General Election Recommended packages include legislation, new technologies and behaviour-change incentives Fundamental change in demand patterns triggered by emerging economy countries London, 10 February, 2010: A group of leading business people today call for urgent action to prepare the UK for Peak Oil. The second report of the UK Industry Taskforce on Peak Oil and Energy Security (ITPOES) finds that oil shortages, insecurity of supply and price volatility will destabilise economic, political and social activity potentially by 2015. Peak Oil refers to the point where the highest practicable rate of global oil production has been achieved and from which future levels of production will either plateau, or begin to diminish. This means an end to the era of cheap oil."
Colin Bennett

Specialist Lighting Solutions Reap Economic Rewards For Industry - 0 views

  • Lighting is a significant energy user and, in an effort to green their activities further, many companies are now reaping economic rewards as they turn to innovative solutions. Nicola Martin explains.
Energy Net

BBC News - The power, glory and controversy - 0 views

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    First Minister Alex Salmond believes Scotland has hit the energy jackpot for the second time. First came North Sea oil. Now, it's Scotland's abundance of wind and water which could prove to be our economic saviour. The big question is: How can Scotland cash in on its good fortune? Wind farms have become a common feature of the Scottish landscape. Indeed, many would argue they are all too common. The power companies themselves admit they are finding it harder and harder to identify suitable sites for new onshore wind farms.
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    First Minister Alex Salmond believes Scotland has hit the energy jackpot for the second time. First came North Sea oil. Now, it's Scotland's abundance of wind and water which could prove to be our economic saviour. The big question is: How can Scotland cash in on its good fortune? Wind farms have become a common feature of the Scottish landscape. Indeed, many would argue they are all too common. The power companies themselves admit they are finding it harder and harder to identify suitable sites for new onshore wind farms.
F F

NREL, Cost and Performance Assumptions for Modeling Electricity Generation Technologies... - 6 views

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    **Extremely useful comparison + charts** Covers 11 technologies from 6 data sources. Source detail included in appendix. Costs: capital, fixed, operating, learning factor; Technical: size, heat rate, [potential] capacity factor, service life. Note on unit life: not all data sets include this, some run as long as plant is economic (no pre-determined retirement age), can represent max service life or is just used to compute economics (e.g. LCOE).
Colin Bennett

World is entering an era of volatile transitions and intensified economic cycles | Shell - 3 views

  • Even Royal Dutch Shell is starting to sound the alarms about our inability to keep up with the growing demand for energy and how this is contributing to profound uncertainty around the world.
Hans De Keulenaer

Grid-scale energy storage applications in renewable energy integration: A survey - 2 views

  • This paper examines both the potential of and barriers to grid-scale energy storage playing a substantive role in transitioning to an efficient, reliable and cost-effective power system with a high penetration of renewable energy sources. Grid-scale storage is a term that describes a number of different technologies with a wide range of characteristics. This versatility leads to the use of storage to perform a number of grid-services. We first enumerate these services, with an emphasize on those that are best suited to mitigate the effects of uncertainty and variability associated with intermittent, non-dispatchable renewable energy sources. We then provide an overview of the current methods to evaluate grid-integrated storage, summarize key findings, and highlight ongoing challenges to large-scale adoption of grid-scale energy storage. We focus on one particular area that is critical to both the efficient use of energy storage in the power grid and its long-term economic viability: the conflict between the technical benefits of this resource, which can provide both power and energy related grid-services (in some cases simultaneously), and the economic challenges of compensating these services within the current market structures. We then examine recent progress in addressing these issues through regulatory changes and other initiatives designed to mitigate previous market failures. This discussion is followed by some remarks about ongoing regulatory and market design challenges. The paper closes with a summary of the ideas presented and a discussion of critical research needs.
Pannir selvam

http://www.sealab.gr/download/attachments/6619619/Small+scale+biodiesel+production+econ... - 1 views

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    Raw materials and utilities cost Biodiesel is the product obtained when a vegetable oil or an animal fat reacts chemically with an alcohol to produce fatty acid alkyl esters. A catalyst such as sodium or potassium hydroxide is required. Glycerol is produced as a co-product (Van Gerpen et al., 2004). The most common stoichiometries description of the reaction is: 1000 kg of oil þ 110 kg of methanol/1000 kg of biodiesel þ 110 kg of glycerol
Colin Bennett

Water-to-water Heat Pumps to the Rescue? - 0 views

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    By Jorge Moreno, Environmental and Building Technologies, Frost & Sullivan With more end users focusing on reducing energy costs, energy-saving water-to-water heat pump (WTWHP) chillers are being deployed to reduce a facility's utility bills. A WTWHP chiller is a water-cooled chiller that is designed to produce hot water at a specified temperature. The use of a WTWHP chiller is very similar to a conventional centrifugal chiller except for the fact that it uses two compressors, slightly different piping configurations, and more advanced controls in order to balance cooling and heating loads. In a conventional chiller, cold water is produced for comfort cooling, and the hot water that is extracted from the refrigeration process goes into a cooling tower and is released into the atmosphere. In a WTWHP chiller, this hot water is captured and relocated to a second heating stage, where the temperature is raised and the water is used as a heating source for a building's heating requirements. The key strength of WTWHP chillers is the high coefficient of performance (COP) that translates into significant energy savings and a shorter payback period. On the other hand, the key weakness is that it can only provide such benefits in a narrow range of applications primarily due to its coincident need for cooling and heating requirements throughout the year to ensure efficiency. A coincident need means that the application demands sizable water heating load along with the typical high cooling requirements in summer, and a sizable chilled water load along with the typical heating requirements during winter. Cooling output is directly dependent on the demand for heating, and vice versa. Consequently, in the absence of sufficient heating requirements, there is only a limited amount of cooling that can be produced. Any excess heating or cooling cannot be stored and hence, it is critical to align the cooling with the expected heating requirements. Coincidentally, in the absence of suf
Hans De Keulenaer

Economic viability of small to medium-sized reactors deployed in future European energy... - 2 views

  • Future plans for energy production in the European Union as well as other locations call for a high penetration of renewable technologies (20% by 2020, and higher after 2020). The remaining energy requirements will be met by fossil fuels and nuclear energy. Smaller, less-capital intensive nuclear reactors are emerging as an alternative to fossil fuel and large nuclear systems. Approximately 50 small (<300 MWe) to medium-sized (<700 MWe) reactors (SMRs) concepts are being pursued for use in electricity and cogeneration (combined heat and power) markets. However, many of the SMRs are at the early design stage and full data needed for economic analysis or market assessment is not yet available. Therefore, the purpose of this study is to develop “target cost” estimates for reactors deployed in a range of competitive market situations (electricity prices ranging from 45–150 €/MWh). Parametric analysis was used to develop a cost breakdown for reactors that can compete against future natural gas and coal (with/without carbon capture) and large nuclear systems. Sensitivity analysis was performed to understand the impacts on competitiveness from key cost variables. This study suggests that SMRs may effectively compete in future electricity markets if their capital costs are controlled, favorable financing is obtained, and reactor capacity factors match those of current light water reactors. This methodology can be extended to cogeneration markets supporting a range of process heat applications.
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