EU Unveils $220B Escape Route from Russian Fossil Fuels by 2027
The European Commission on Wednesday unveiled a 210 billion euro [about $220 billion] plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away from Moscow to quicken its transition to green energy.The invasion of Ukraine by Russia, Europe's top gas supplier, has prompted the European Union to rethink its energy policies amid sharpened concerns of supply shocks.
A&P Group Now Works on Renewables Only
The global ship repair, conversion and fabrication specialist A&P Group is now using 100% renewable energy across all three of its facilities as it aims to improve its green credentials and meet Government targets.The UK-based A&P Group with three shipyards located in Hebburn, Middlesbrough and Falmouth said it is committed to improving the sustainability…
ABB Tests Subsea Power Technology System
The completion of a final 3,000-hour test phase of the Swiss-Swedish technology multinational ABB’s subsea power infrastructure signals the culmination of a $100m partnership with world oil majors.The company has officially announced the completion of shallow water test proving that its subsea power distribution and conversion technology system for the offshore oil and gas industry is commercially viable.For the first time worldwide…
EU Lawmakers Set Energy Efficiency, Renewables Targets
European Union lawmakers on Tuesday targeted energy savings of 32.5 percent and a renewable energy uplift of 32 percent by 2030, in a push to meet the bloc's pledge under the Paris climate accord to curb global warming.National governments now have until the end of the year to draft their own plans for implementing the bloc's overall climate goal of lowering greenhouse gas emissions by at least 40 percent from 1990 levels by 2030…
LNG Carrier Seri Camar Delivered to MISC
Malaysian shipping firm MISC Group has taken delivery of Seri Cemara, the final vessel in a series of five MOSS-Type liquefied natural gas (LNG) carriers built for long-term charter to Petronas.The 150,200 CBM LNG carrier has been built for MISC by South Korean shipbuilder Hyundai Heavy Industries Co., Ltd. (HHI). Upon its delivery, Seri Cemara joins her sister MOSS-Type carriers Seri Camellia…
Yaskawa Invests In Large-capacity Kinetic Energy Storage Company, Teraloop
Yaskawa Electric Corporation has completed a strategic investment in Helsinki-based Teraloop, a startup grid- and utility-scale kinetic energy storage company. This equity investment aims to help Teraloop accelerate the steps needed to bring its patent-pending storage solution to the market within the next two years. The financing will allow the prototype to be finalized for a complete simulation in commercial working conditions.
ExxonMobil inks patent agreement with Pason Systems
ExxonMobil has awarded to Pason Systems, Inc. the first global license of its patented Drilling Advisory System, a key component of the company’s Fast Drill technology suite. The licensing agreement accelerates the technology’s commercialization by combining Pason’s expertise in drilling data and ExxonMobil’s experience in drilling surveillance and optimization.
IEA Urges Poland to Clean Up its Energy Sector
Poland's new energy strategy should put the country on a pathway towards a cleaner energy system while strengthening energy security, the International Energy Agency said in its latest review of the country's energy policies. The forthcoming energy strategy is likely to prioritise long-term energy security, placing a strong emphasis on reducing greenhouse gas (GHG) emissions and air pollution…
Technip, Chemetry Ink eShuttle Technology Deal
Technip and Chemetry have signed an exclusive cooperation agreement for the licensing and engineering of Chemetry’s eShuttle technology for the production of ethylene dichloride (EDC). EDC is a commodity chemical produced worldwide and used primarily for PVC(1) plastic production. The technology significantly lowers energy use, reduces the carbon footprint and improves the safety of the chlor-alkali and EDC industries.
Dutch Government: May Meet 2020 Carbon Emission Goals After All
The Dutch government may meet its 2020 carbon dioxide emission goals after all, it said on Friday, thanks to a more rapid rollout of wind energy and 100 million euros ($110 million) in extra spending. Prime Minister Mark Rutte called the goal "within grasp" after the Dutch Environmental Assessment Agency estimated carbon reduction by 2020 will be around 23 percent, compared to 1990 levels, up from a previous estimate of only 17 percent.
Energy Efficiency Gains Ground Despite Lower Energy Prices -IEA
As governments focus on implementing their commitments to save energy and reduce carbon emissions under the recently ratified Paris agreement, a new report from the International Energy Agency (IEA) highlights the progress made by energy efficiency policies around the world over the past year, particularly in China and other emerging economies. The role…
ABB Debuts Energy Saving Transformer
Breakthrough technology delivers significant weight reduction and energy savings in rail transportation. ABB unveiled its next-generation traction transformer designed to reduce the weight of on-board components and ensure more energy-efficient rail networks, two of the rail industry’s priority objectives. Named Effilight, the product was unveiled as a ‘world premiere’ at InnoTrans…
California to Adopt Energy-saving Rules for Computers
California regulators moved a step closer on Friday to the first mandatory U.S. energy efficiency standards for computers and monitors, gadgets that account for 3 percent of home electric bills and 7 percent of commercial power costs in the state. The latest draft standards issued by the California Energy Commission, marking the second revision of rules first proposed in March 2015…
EU Regulators Poised to Seek Deeper Cut in Energy Use
EU regulators are poised to propose a binding target to cut energy use by 30 percent by 2030, a more ambitious goal than previously discussed, according to a draft document seen by Reuters. The draft law, which the European Commission is expected to publish next month, is part of a set of proposals to implement 2030 goals on cutting emissions, increasing renewable energy use and preventing energy waste.
CSG Selects Bluetracker for Energy Savings
In an effort to take energy efficiency to the next level, the Hamburg Süd subsidiary Columbus Shipmanagement GmbH (CSG) and INTERSCHALT maritime systems GmbH, the software provider for cargo operations and fleet performance, concluded a contract for equipping a total of 46 container ships with the fleet performance management software Bluetracker on September 08 at the SMM trade fair in Hamburg.
Voith Debuts BHS AeroMaXX for Turbo Parallel-Shaft Gears
Voith will debut the new BHS AeroMaXX technology for turbo parallel-shaft gear units at Power-Gen Europe 2016 (booth 3HD128). The inner housing and optimized sleeve bearings reduce power loss and oil consumption by 30 percent or more. The solution has a passive-mechanical character and does not require any additional accessories. Operators profit from identical design standards…
Obama, Merkel inspired by ABB's Smart Sensor at Hanover Fair
German Chancellor Angela Merkel and US President Barack Obama were the first to experience ABB's groundbreaking new smart sensor at Hanover Fair on Monday. The two leaders were shown how ABB’s smart sensor can improve the productivity of hundreds of millions of electric motors by connecting them for the first time to cloud-based services. "The smart sensor enables transcontinental industrial digitalization," said Spiesshofer.
Portugal to Build Sustainable Energy System
Portugal must maintain its efforts to deliver a financially sustainable energy system, the International Energy Agency (IEA) said today as it also urged the Portuguese government to build stronger energy links between the Iberian Peninsula and France. Speaking at the launch of an IEA review of Portuguese energy policies, IEA Executive Director Fatih Birol encouraged Portugal to maintain efforts to resolve the so-called tariff deficit…
Colombia to Decide Whether to Ration Energy Due to Drought
Colombia's government will decide within a week whether to declare energy rationing amid a serious drought, President Juan Manuel Santos said on Tuesday, as the country continues to battle the fallout from El Nino. Around 70 percent of the country's energy is generated at hydroelectric plants, which have suffered damage due to low water levels at reservoirs as the El Nino weather pattern cuts rainfall.
MHI Bags Okochi Memorial Technology Prize
A technology developed by Mitsubishi Heavy Industries, Ltd. (MHI) to capture carbon dioxide (CO2) from flue gases (so called "KM CDR Process") has received the Okochi Memorial Technology Prize at the 62nd annual Okochi Memorial Awards from the Okochi Memorial Foundation. The process's groundbreaking technology was recognized for its superior reliability and economy…
