Batteries

Cal on July 17th, 2017

The Daily Beast tells us How Nikola Tesla Sparked the Electric Age. Although many say Tesla invented the twentieth century, it is more fitting to say he invented the twenty-first century, Kenny Breuer, Professor of Engineering at Brown University says most of Tesla’s inventions became “winners” later, “so for years no one really appreciated his achievements. […]

Continue reading about Energy Facts of the Day

Cal on July 14th, 2017

Global research institute McKinsey & Company has analyzed current energy storage prices and concludes that commercial businesses are getting the economic benefits of cheaper batteries and recent price falls in lithium-ion technology. With battery-pack costs now down to less than $230/kilowatt-hour (vs $1,000/kWh in 2010) storage demand is on the rise across Europe, Asia and the […]

Continue reading about Energy Facts of the Day

Cal on July 5th, 2017

Recent estimates of methane gas hydrate deposits around the world suggest that they contain perhaps more organic carbon than all the world’s crude oil, natural gas, and coal combined. Once extracted, 1 cubic metre of methane hydrate releases 164 cubic metres of conventional natural gas. Estimates very from 10,000 trillion cubic feet to more than 100,000 […]

Continue reading about Energy Facts of the Day

Cal on July 3rd, 2017

German automaker Porsche CEO Oliver Blume expects half of its production to be electric vehicles by 2023. The Mission E will be Porsche’s first all-electric vehicle which is planned to enter production in 2019 with 20,000 units. This is 10% of the company’s current production. Porsche is preparing for a capacity of 60,000 EVs per year at its Zuffenhausen […]

Continue reading about Energy Facts of the Day

Cal on June 26th, 2017

Synthetic Genomics and ExxonMobil announced the development of a modified algae strain that could push algae-based energy closer to being a commercially viable alternative energy source. Bloomberg New Energy Finance projects that over the next two decades, the cost of solar power will still drop another two-thirds, onshore wind costs will be cut nearly in […]

Continue reading about Energy Facts of the Day

Cal on June 13th, 2017

Last year, for the 5th straight year, the US was the world’s largest producer of petroleum and natural gas hydrocarbons. US hydrocarbon production in energy content terms is almost evenly split between petroleum and natural gas. US crude oil production will, for the first time in nearly 50 years, climb to 10 million barrels per day […]

Continue reading about Energy Facts of the Day

Cal on June 6th, 2017

The International Energy Agency (IEA) reported that global new nuclear capacity additions totaled 10 gigawatts last year, the highest rate since 1990. The IEA also said that from 2010 to 2015, renewable power generation grew by more than 30% and is forecast to grow by another 30% between 2015 and 2020. A new study from […]

Continue reading about Energy Facts of the Day

Cal on June 3rd, 2017

Oilprice makes the case that China, not OPEC, now sets the level of world oil prices. OPEC is working hard to try to keep world crude oil prices high as their members need the oil revenues to finance the increasing demands on government expenditures. But China is the largest crude oil importer in the world and […]

Continue reading about Energy Facts of the Day