Energy economics

Berkshire Hathaway Energy and Dominion Energy Agree to Terminate the Sale of Questar Pipeline Group

Retrieved on: 
Monday, July 12, 2021

Berkshire Hathaway Energy and Dominion Energy today announced they have agreed to terminate the planned sale of Questar Pipeline Group to Berkshire Hathaway Energy.

Key Points: 
  • Berkshire Hathaway Energy and Dominion Energy today announced they have agreed to terminate the planned sale of Questar Pipeline Group to Berkshire Hathaway Energy.
  • The decision has no impact on the sale of gas transmission and storage assets to Berkshire Hathaway Energy completed in November 2020.
  • From our roots in renewable energy, Berkshire Hathaway Energy has grown to a $127.5 billion portfolio of locally managed businesses that share a vision of being the best energy company in serving our customers, while delivering sustainable energy solutions.
  • These statements are based upon Berkshire Hathaway Energy Companys current intentions, assumptions, expectations and beliefs and are subject to risks, uncertainties and other important factors.

Building a Better, Decarbonized World Means Improving Energy Efficiency in all Buildings, New and Old

Retrieved on: 
Thursday, July 8, 2021

This starts with raising our standards and working to ensure that the solutions we deploy are energy efficient, open, interoperable, and future proof.

Key Points: 
  • This starts with raising our standards and working to ensure that the solutions we deploy are energy efficient, open, interoperable, and future proof.
  • We know that today, Schneider Electric estimates that 82 per cent of the potential means to reduce energy waste in buildings alone remains untapped.
  • By 2035, the International Energy Agency (IEA) estimates that US$550-billion will be invested per year in energy efficiency solutions.
  • Schneider's purpose is toempower all to make the most of our energy and resources, bridging progress and sustainabilityfor all.

IGU 2020 Wholesale Gas Price Survey: 2021 continues liberalisation trend, gas continues its journey towards true global commodity market

Retrieved on: 
Thursday, July 8, 2021

BARCELONA, Spain, July 8, 2021 /PRNewswire/ - The International Gas Union (IGU) today releases its 2021 Wholesale Gas Price Survey Report.

Key Points: 
  • BARCELONA, Spain, July 8, 2021 /PRNewswire/ - The International Gas Union (IGU) today releases its 2021 Wholesale Gas Price Survey Report.
  • Global gas markets saw a continuation of the strong trend toward competitive gas-on-gas pricing in 2020.
  • Between 2005 to 2020, the GOG share of global gas consumption rose from 31.3% to 49.3%, with the OPE (oil price escalation / linked) share falling from 24.4% to 18.6%.
  • LNG's market pricing % grew faster than pipeline.LNG's inherent flexibility when combined with significant global demand for gas drove the move towards greater GOG pricing.

IGU 2020 Wholesale Gas Price Survey: 2021 continues liberalisation trend, gas continues its journey towards true global commodity market

Retrieved on: 
Thursday, July 8, 2021

BARCELONA, Spain, July 8, 2021 /PRNewswire/ -- The International Gas Union (IGU) today releases its 2021 Wholesale Gas Price Survey Report.

Key Points: 
  • BARCELONA, Spain, July 8, 2021 /PRNewswire/ -- The International Gas Union (IGU) today releases its 2021 Wholesale Gas Price Survey Report.
  • Global gas markets saw a continuation of the strong trend toward competitive gas-on-gas pricing in 2020.
  • Between 2005 to 2020, the GOG share of global gas consumption rose from 31.3% to 49.3%, with the OPE (oil price escalation / linked) share falling from 24.4% to 18.6%.
  • LNG's market pricing % grew faster than pipeline.LNG's inherent flexibility when combined with significant global demand for gas drove the move towards greater GOG pricing.

Government makes major investment in one of Canada's leading clean technology firms

Retrieved on: 
Wednesday, July 7, 2021

Canadian companies and innovators are leading in the growing market for clean technologies, which will help us meet our ambitious climate goals and build a more resilient economy.

Key Points: 
  • Canadian companies and innovators are leading in the growing market for clean technologies, which will help us meet our ambitious climate goals and build a more resilient economy.
  • This project will help the Burnaby-based company to manufacture its proprietary solid filter and machine products at a commercial scale.
  • Clean technologies contributed more than $28.8 billion to the Canadian economy in 2019, including the export of approximately $7.05 billion worth of clean technology goods and services.
  • The government is investing $8 billion over seven years to accelerate decarbonization projects with large GHG emitters, the transition to clean technologies, and Canada's industrial transformation across all sectors.

Electriq Power CEO Frank Magnotti to Speak at TD Securities Technology and Energy Transition Conference

Retrieved on: 
Wednesday, July 7, 2021

SAN LEANDRO, Calif., July 07, 2021 (GLOBE NEWSWIRE) -- Electriq Power (Electriq), a leading provider of intelligent and integrated home energy storage, management, and monitoring solutions, announces that Frank Magnotti, Chief Executive Officer, will speak at the TD Securities Technology and Energy Transition Conference on Tuesday, July 13 at 9:25 am EDT.

Key Points: 
  • SAN LEANDRO, Calif., July 07, 2021 (GLOBE NEWSWIRE) -- Electriq Power (Electriq), a leading provider of intelligent and integrated home energy storage, management, and monitoring solutions, announces that Frank Magnotti, Chief Executive Officer, will speak at the TD Securities Technology and Energy Transition Conference on Tuesday, July 13 at 9:25 am EDT.
  • The conference, held via live webcast on July 12 and 13, will host energy leaders that have developed the expertise to transform the industry and facilitate the transition toward global decarbonization.
  • Electriq Power is an energy storage company developing hardware and software solutions for the clean energy transition.
  • Electriq Power is dedicated to moving the world to a cleaner and more sustainable energy future.

Johnson Controls Launches OpenBlue Net Zero Buildings as a Service

Retrieved on: 
Wednesday, July 7, 2021

CORK, Ireland, July 7, 2021 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced OpenBlue Net Zero Buildings as a Service.

Key Points: 
  • CORK, Ireland, July 7, 2021 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced OpenBlue Net Zero Buildings as a Service.
  • Johnson Controls will provide a one-stop shop for companies looking to achieve net zero carbon and renewable energy goals.
  • Buildings represent about 40% of global emissions and Johnson Controls is uniquely positioned to help customers around the world pursue their net zero carbon goals," said George Oliver, chairman and CEO of Johnson Controls.
  • Supporting this need, Johnson Controls has created a game-changing new offering called OpenBlue Net Zero Advisor.It will deliver real-time, AI-driven tracking and reporting ofsustainability metrics, helping facilities managers ensure and prove the net zero carbon reduction and renewable energy impact of their buildings.

Longevity Power Enters into Partnership with LevelTen Energy to Help Businesses Reach Net-Zero Carbon Commitments

Retrieved on: 
Wednesday, July 7, 2021

SEATTLE, July 7, 2021 /PRNewswire-PRWeb/ -- Today, Longevity Power , a global clean energy solutions company, and LevelTen Energy , the leading provider of renewable transaction infrastructure, announced a partnership that provides Longevity Power with direct access to the LevelTen Platform, enabling the solutions company to source off-site renewable energy for its clients.

Key Points: 
  • SEATTLE, July 7, 2021 /PRNewswire-PRWeb/ -- Today, Longevity Power , a global clean energy solutions company, and LevelTen Energy , the leading provider of renewable transaction infrastructure, announced a partnership that provides Longevity Power with direct access to the LevelTen Platform, enabling the solutions company to source off-site renewable energy for its clients.
  • Longevity Power, a subsidiary of Longevity Partners, works with a wide global audience to deliver on their net-zero carbon commitments.
  • The firm's offering centres around four core services: Renewable energy strategy; On-site renewable energy implementation; Off-site energy procurement with PPAs; and Electric vehicle infrastructure deployment.
  • "LevelTen Energy and Longevity Power share the same mission; to help more companies get to net zero, faster," said Flemming Srensen, Vice President - Europe, LevelTen Energy.

Where the Sun Meets the Sea: Offshore Floating-PV Powers Singapore's Journey Toward Carbon Neutrality

Retrieved on: 
Tuesday, July 6, 2021

The vision is to achieve net-zero emissions by 2050, but this can only be reached if the nation significantly reduces its reliance on fossil fuels.

Key Points: 
  • The vision is to achieve net-zero emissions by 2050, but this can only be reached if the nation significantly reduces its reliance on fossil fuels.
  • Finding alternative methods to generate electricity is therefore essential, as natural gas is responsible for 97% of electricity generation in Singapore.
  • Restricted by its small size, Singapore lacks access to natural and renewable energy sources such as wind and hydroelectric power.
  • I hope, in the future, Sunseap and Huawei will continue to contribute to the clean energy landscape here in Singapore."

China's Environmentally Friendly Automotive Energy Saving Balance System Reached the Leading Level in China

Retrieved on: 
Monday, July 5, 2021

Recently, "R&D and Industrialization of Holographic Energy Saving System, an environmentally-friendly automobile energy saving balance system", sponsored by China High-tech Industrialization Research Association and applied by Guangzhou Future New Energy Technology Co., Ltd., has successfully passed the evaluation of national scientific and technological achievements with its leading technical level.

Key Points: 
  • Recently, "R&D and Industrialization of Holographic Energy Saving System, an environmentally-friendly automobile energy saving balance system", sponsored by China High-tech Industrialization Research Association and applied by Guangzhou Future New Energy Technology Co., Ltd., has successfully passed the evaluation of national scientific and technological achievements with its leading technical level.
  • According to Du Junhua, Chairman of Guangzhou Future New Energy Technology Co., Ltd., the energy-saving balance system of environment-friendly automobile consists of four parts: energy-saving chip, energy-saving earthworm, energy network and Hologhraphic liquid water.
  • It is installed on the automobile without changing the original circuit of the automobile and replacing any parts in the automobile.
  • The evaluation committee considers that the technology has independent intellectual property rights and the technical level reaches the domestic leading level.