The world energy industry has reached a fundamentally new level of socio-economic development recently, when the key question has switched from “What do we use for fuel?” to “How do we fuel?”. The industry offers many different energy options from coal to tidal energy. At the same time, humanity makes its choice, turning away from the cheapest and most affordable sources that used to be the trend thirty years ago, to the most environmentally friendly and energy-efficient energy sources. The key global players such as the European Union, Japan, USA, China and Russia are now busy establishing conditions for investment in the development of new energy technologies. One of the most promising options may be the widespread use of hydrogen as fuel and energy storage.
BBC News reported that Segway would stop production of its famous two-wheeled scooter, the Segway Personal Transporter, on July 15.
According to Fitch Solutions experts solar power capacity in the world will grow by 125% over the next ten years, mainly due to China, India and the U.S.
General Electric will build the world's tallest wind turbine with a 3D printed concrete base. GE Renewable Energy, COBOD and LafargeHolcim will design a 160-meter tower for the turbine.
On Wednesday the price of Brent dropped by about 5% , from a peak of $43.1 per barrel to $39.98 per barrel. The U.S. WTI also dropped sharply, from $43.18 per barrel to $37.8 per barrel.
Professor Fedor Voitolovsky, director of IMEMO RAS, believes that the price of $40 per barrel of oil will allow American shale producers, which he calls "market animals", to recover.
Verkhnebalkarskaya Small Hydro Power Plant (HPP) starting to operate is an energy landmark, said Oleg Popel, Doctor of Technical Science, Physical and Technical Energy Issues Advisor to Director of JIHT RAS, to the Global Energy Association.
The Russian government has increased subsidies for conversion of cars from gasoline to gas. The corresponding decree was signed by Prime Minister Mikhail Mishustin.
Academician Valentin Parmon, the Global Energy Prize laureate, President of Siberian Branch of the Russian Academy of Sciences said that the production of hydrogen from gas is currently the most economically profitable.
Yamil Quispe de Argentina participó en la discusión de online sesión económica «Covid-19: Impacto global» que tuvo lugar la semana pasada con participación de los expertos internacionales. Habló sobre la gran importancia de los corredores bioceánicos para promover el comercio internacional. Especialmente para la Asociación «Energía global» Quispe siendo el líder de la iniciativa latinoamericana Pacífica que promueve la idea de integración entre Chile y Argentina, escribió este artículo, y con mucho gusto lo presentamos a nuestros lectores.
Danish investment company Copenhagen Infrastructure Partners has launched a fund to become the world's largest in the field of green energy. The fund will be able to support alternative projects in this area up to 14 billion euros worldwide, the CIP said itself.
Yury Kvashnin, Head of Center for European Studies at IMEMO, believes that in the nearest future there will be a sharp decline in the share of coal in the European energy industry.
The Minister of Energy of Russia Alexander Novak in a conversation with the President of the Global Energy Association Sergey Brilev at the online conference " COVID-19: accelerating the transition to the energy of the future for all” assessed the prospects of the energy sector.
The ‘COVID-19: Accelerating a Better Energy Future for All’ online conference took place on 17 June, marking the launch of the Road to Congress 2022 online event series. Minister of Energy of the Russian Federation Alexander Novak and Secretary General and CEO of the World Energy Council Angela Wilkinson were joined by leading experts in the energy sector to discuss their vision of the transition to a ‘new normal’ after the crisis. The conference was organized by the Roscongress Foundation and the World Energy Council with the support of the Global Energy Association and Rosseti.
Job preservation will be one of the main issues after the Coronavirus pandemic, said Sergey Brilev, President of the Global Energy Association, on Monday. He took part in the online session "Economic Impact, Path to Recovery and Evolving Perspective".
Tom Blees, a member of the Global Energy Prize International Award Committee, resumed the discussion on the prospects of creating modular nuclear power sources using power vessels with MSRs.
Yuri Manevich, Deputy Minister of Energy of the Russian Federation said on Thursday that the department will make proposals to the government on the development of microgeneration in the electrical energy industry in the third quarter of this year.
Russian LNG, together with other alternative energy sources, could play a positive role in India's ambitious plan to shift its car fleet from internal combustion engines to electric vehicles. This topic was discussed during the Primakov Readings online session, organised by IMEMO and Interfax with the support of the Global Energy Association.
The Russian government approved the Energy Strategy of Russia until 2035, the corresponding document was signed by Prime Minister Mikhail Mishustin on June 9.
The meeting of OPEC and non-OPEC energy ministers was positive and productive.The joint online-session was extremely short. Minister of Energy of the Russian Federation Alexander Novak explained that all decisions were worked out in advance in personal chats and phone conversations.
A new development, an industrial system for electricity storage, was presented in Chelyabinsk by the Scientific and Technical Center "Drive Technology", and it was immediately evaluated by experts of the Global Energy Association.
Academician Ashot Sarkisov from the Institute for the Safe Development of Nuclear Energy of the Russian Academy of Sciences considers the idea of Thomas Blees, a member of the Global Energy Prize International Award Committee, about developing the technology of modular nuclear power sources to be promising, but considers it is important to use a different type of reactor.