The US Energy Information Administration projects that, based on current construction plans, by 2020 the US will have the third-largest liquefied natural gas (LNG) export capacity in the world after Australia and Qatar. China is expected to become the leading importer of LNG, consuming about 40% of world supply. Natural gas liquids are sought by the steel, chemical and fertilizer industries. They are comprised of such chemicals as butane, ethane, methane and propane — all of which can serve as the foundation for finished goods that are consumed around the globe.

According to the US Energy Information Administration, in 2000 shale gas accounted for 5% of all US natural gas production. Today, it is about 60%.

The heat trapped in just the upper six miles of our Earth’s crust represents 50,000 times more energy than all of the world’s crude oil and natural gas combined, according to recent estimates by the US Department of Energy. Currently some countries are using that heat to produce geothermal energy to produce electricity – Iceland, the US state of California etc. A study led by the Massachusetts Institute of Technology concluded that US geothermal energy could provide 100 gigawatts or more by the year 2056 or enough to power some 100 million homes.

India’s renewable energy program is proceeding at such a rapid pace that there are suggestions its contribution to total electric power generation will equal that of coal in 2026 and surpass it the following year. Presently, India’s installed electric power capacity is 327 gigawatts (GW) of which coal comprises 55% of the total and renewable energy 18% of the total. India has set a goal of 175 GW of renewable power capacity by 2022 and 275 GW by 2027.

India has installed more solar energy capacity in the first half of this year than it did in all of 2016. The south Asian country installed about 4.8 gigawatts of new solar capacity between January and June of this year compared to 4.3 gigawatts all of last year. About 90% of this new capacity was for industrial use and 10% for residential. India currently has some 12.2 gigawatts of large-scale solar projects in various stages of development.

The Coopers Gap Wind Farm, to be located 250 kilometers north west of the city of Brisbane in Australia, is expected to become the country’s largest wind farm. When it becomes operational in 2019 the 453 megawatt capacity will produce around 1.51 million megawatt hours of renewable electricity each year. This would be enough to power the equivalent of 260,000 Australian homes. The wind farm will be comprised of 91 3.6 megawatt turbines and 32 3.8 megawatt turbines.

German onshore wind costs fell 25% in the latest auction. The average price in Germany’s second onshore wind tender fell to 4.28 euro cents per kilowatt-hour, down from the average price of 5.71 euro cents in May. Bloomberg New Energy Finance says the result confirms that the wind farms due to be built in the next decade are among the cheapest forms of electricity, rivaling fossil fuels including coal and natural gas.

The Australian state of Tasmania has set a goal of running on 100% renewable electricity by 2022.  Currently, 93% of the electric power Tasmania uses is renewable, predominantly from hydro plants. New wind farms are expected to add a further 6 to 7% of renewable power generation.

A joint study by the UN Development Programme and Asian Development Bank projects the south Asian country of Sri Lanka can be 100% renewable electricity by 2050.  To achieve this goal Sri Lanka will need investment of US $50 billion. By mid century, the country’s installed electricity generation capacity needs will increase to about 34 gigawatts (GW). This will consist of 15 GW of wind energy and about 16 GW of solar energy. The remaining 3 GW is expected to be met by hydro and biomass based power plants. However, given the large amount if intermittent wind and solar power, the country will also require to stabilize the electricity grid with energy storage capacity of 15,000 megawatt-hours.

Hyundai claims its new hydrogen fuel cell car to be sold next year will have a 580 kilometer (360 mile) range. The automaker says it will start in temperatures as cold as –30° C (–22° F). The SUV will be available in South Korea, North America and Europe.

Tags: , , , , , , , , , , , , , , , , , , , ,