Energy Shortage

Cal on December 11th, 2017

  ITER, an international project to build a prototype nuclear fusion reactor in southern France, said it is facing delays if the US does not reconsider budget cuts. ITER’s director said the US contribution had been cut from a planned $105 million to $50 million this year and its 2018 budget cut from a planned […]

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Cal on October 25th, 2017

The International Energy Agency (IEA) has published a special report on energy access. Around the world, more than a billion people still lack access to electricity. The IEA says this number will shrink by a third by 2030, with 60% of these gains supplied by renewable energy sources. The past two decades have seen spectacular gains in providing […]

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Cal on October 16th, 2017

MarketResearchFuture says the global energy storage market is about to grow 20% annually between now and 2023. Energy storage ranges from small to very large systems. It is segmented into mechanical energy storage, electro-chemical energy storage, thermal storage, and chemical storage. Energy storage systems have become important for storing renewable energy in recent years because of […]

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Cal on September 29th, 2017

Hedge fund Bridgewater Associates believes that almost half of the jobs in the next two decades will be replaced by artificial intelligence. CEO Ray Dalio said: “By in large, the world is going to largely consist of people who can take language and put it into code, which then allows the computer to operate like a […]

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Cal on September 11th, 2017

The Australian Energy Market Operator (AEMO) is forecasting a crippling 1 gigawatt energy shortfall in 2022, as Australia’s coal power plants begin to shut down, potentially leading to electric power shortages and rising prices for consumers. In particular, the proposed closure of the Liddell coal-fired power station in 2022 will materially increase the risk of […]

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Cal on June 29th, 2017

Have you ever wondered what goes on inside a nuclear fusion reactor?  See the video here. The US is now supplying liquefied natural gas (LNG) to South Korea. One of the largest buyers of LNG in the world, the Korea Gas Corp. has entered into a 20-year sales and purchase agreement with Cheniere Energy Inc., which operates […]

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Cal on June 15th, 2017

Globally, more people live in urban areas than in rural areas, with 54% of the world’s population residing in urban areas in 2014. By 2050, 66% of the world’s population is projected to be urban. About half of urban dwellers reside in relatively small settlements of less than 500,000 inhabitants, while nearly one in eight live […]

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Cal on April 5th, 2017

The International Energy Agency (IEA) said it does not expect a major increase in global crude oil prices despite the recent 1.8-million-barrel supply cut by OPEC and its allies. The IEA bases its judgment on the extraordinary size of the global oil glut, and the likelihood that any substantial price increase would bring more oil from the […]

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