Group items tagged

Wood Mackenzie expects 350 megawatts of floating offshore wind in operation by 2022 at various demonstration projects, and up to 10 gigawatts by 2030 with the right policy frameworks in place. Europe currently has a total of less than 50 megawatts of floating wind installed.

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.

The U.S. Energy Information Administration (EIA) today released the complete version of the Annual Energy Outlook 2010 (AEO2010), which includes 38 sensitivity cases that show how different assumptions regarding market and policy drivers affect the Reference case projections that EIA previously released in December, 2009. In addition to considering alternative scenarios for oil prices, economic growth, and the uptake of more energy-efficient technologies, the AEO2010 includes cases that examine the impact of changes in selected policies, such as the extension of existing policies that are currently scheduled to sunset as well as the sensitivity of natural gas shale production to variations in drilling activity and the size of the resource base.

The renewable energy super-grid is planned to become operational in 2020 and will involve Europe's leading utilities, who will share part of the massive price tag.   The project would be the first multinational grid designed to address the fluctuating nature of green power generation, one of the main challenges slowing down the share of renewables in the baseload energy mix.   Energy from power produced from the wind farms at night could be stored in Norway's hydropower facilities to be released the following day; helping to secure a more stable energy supply.

This new certification program, according to UL Environment, will be called Energy Efficiency Certification (EEC). It will test consumer focused items, including appliances, heating, air conditioning and refrigeration systems, high tech equipment, and lighting products, against energy efficiency standards and regulations like Energy Star, Natural Resources Canada (NRCan) and California Energy Commission (CEC). Those products which are proven to meet these standards will get yet another shiny label to put on product packaging – UL Environment’s leaf encapsulating the familiar “UL” initials and including the words “Energy Verified” in black text.

India's National Solar Mission made public India's intent to increase to 20,000 Megawatts its solar installation by 2022. Burdened by permanent electricity shortages and complicated energy needs, India has the type of population and economic growth – as well as a geographic landscape naturally primed to support PV implementation – that bodes well for a future of clean tech and growing PV business opportunity. According to Vishal Shah, the Indian market is very promising.