Grid battery integrator NEC Energy Solutions is winding down, Bloomberg reported.
The numbers show the volume of electrochemical storage in operation reached 1.7 GW at the end of 2019 as China’s cumulative storage capacity, including physical and thermal facilities, topped 32.4 GW.
The Covid-inflicted oil price crash has left oil and gas companies facing two distinct choices, a new PwC report said. They can either become broader energy firms or oil and gas specialists.
According to the Energy Information Administration (EIA) for the first time in 135 years, last year U.S. consumption of renewables surpassed consumption of coal.
The point is that the oil resource is enormous, and much of it can be produced profitably at $50.
The pandemic-induced global economic meltdown has triggered a drop in energy demand and related carbon emissions that could transform how the world gets its energy – even after the disease wanes, according to a report by the International Energy Agency (I
Undoubtedly, the dominant factor in the oil market for the next twelve to twenty-four months will be the progress of the pandemic, which will reduce economic activity and thus oil demand to an uncertain degree and with unpredictable timing.