India

Cal on August 23rd, 2017

Investment banker Morgan Stanley is bullish on the market for electric grid storage products. “Demand for energy storage from the electric utility sector will grow more than the market anticipates by 2019–2020,” the company predicts in a recent report. Demand for grid-scale storage will increase from less than $300 million a year today to as much as $4 […]

Continue reading about Energy Facts of the Day

Cal on August 19th, 2017

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 […]

Continue reading about Energy Facts of the Day

Cal on August 13th, 2017

A review of trends in the electric vehicle market from the International Monetary Fund found that, in the four years ending in 2015, the pace of growth in EV sales was 120%. Using the transition in the 20th century from horse-drawn carriages to fuel-powered vehicles as a benchmark to measure progress, the report found that […]

Continue reading about Energy Facts of the Day

Cal on August 9th, 2017

“We won’t allow any technology that takes away jobs. In a country where you have unemployment, you can’t have a technology that ends up taking people’s jobs.” —-  Nitin Gadkari, India’s transport minister, explaining why his country will ban the adoption of autonomous (self-driving) vehicles

Continue reading about Quote of the Day

Cal on August 7th, 2017

The world’s first self-driving ship will sail next year. A Norwegian container ship, the Yara Birkeland, will be the world’s first electric, autonomous, zero-emissions ship. With a capacity of up to 150 shipping containers, the battery-powered ship is expected to mark the beginning of a transformation of the global shipping industry. The ship is small compared to modern standards […]

Continue reading about Energy Facts of the Day

Cal on August 5th, 2017

1,600 new coal plants are planned or under construction in 62 countries, 700 of these in China. These new plants would expand the world’s coal-fired power capacity by 43%. The New York Times commented: “The frenzied addition of coal plants underscores how the world is set to remain dependent on coal for decades,” Chinese companies are […]

Continue reading about Energy Facts of the Day

Cal on August 2nd, 2017

World crude oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, according to Royal Dutch Shell’s CEO.  Yet crude oil will still be needed for decades to come as it is likely to remain the main transportation fuel for planes, ships and heavy trucks. US crude […]

Continue reading about Energy Facts of the Day

Cal on June 21st, 2017

The International Energy Agency foresees the global oversupply of crude oil continuing through 2018. The driver is US shale oil production which will grow by 430,000 barrels per day this year and 780,000 next year. Total non-OPEC production including the US is forecast to grow by 1.5 million b/d next year. With global inventories currently […]

Continue reading about Energy Facts of the Day