The ocean of energy news is wrapping you in a refreshing adventure. Join the Ukrenergoship navigating the most impressive latest news. Every Friday we moor it to tell you about the discoveries in the far-off seas.
We bring to your attention the following:
- Big DATA searching for energy sources. Scientists searching for everything from oil and gas to copper and gold are as well searching for mineral deposits analyzing vast amounts of data (Вig Data). The method has alreadyhelped to discover 10 carbon-bearing minerals and could be widely applied to exploration, they wrote in the journal American Mineralogist. The technique goes beyond traditional geology by amassing data about how and where minerals have formed, “Minerals occur on Earth in clusters,” said Robert Hazen, executive director and scientist. The technique is also like Amazon, which recommends books based on a client’s previous orders, or by media streaming company Netflix, which proposes movies based on a customer’s past viewing habits. Thus, if you were searching for the oil once, it would be much easier to find new deposits due to researches of the Carnegie Institution for Science in Washington.
- Energy innovation? We are here for you! The World Energy Counciland the German Energy Agency (dena) are joining forces for the ‘Start Up Energy Transition’ (SET) initiative, which will promote innovationin the sector. SET will identify the top 100 innovators in five to seven categories in the field of sustainable energy solutions. The partnership will also support co-operation between energy leaders and countries in tackling the energy trilemma and climate change challenges. Andreas Kuhlmann, Chief Executive of dena said: “SET will build on critical insights and create opportunities for the identification and promotion of energy system innovators and start-ups who deliver measures to achieve the energy transition through strategic partnership of the SET.”
- New era?Energy from offshore wind in the UK will be cheaper than electricity from new nuclear power for the first time. Two firms said they were willing to build offshore wind farms for a guaranteed price of £57.50 per megawatt hour for 2022-23. This compares with the new Hinkley Point C nuclear plant securing subsidies of £92.50 per megawatt hour. The figures for offshore wind, from the Department for Business, Energy and Industrial Strategy, were revealed as the result of an auction for subsidies, in which the lowest bidder wins. Thus, the mentioned wind power market price is quite real. However, the nuclear industry said that because wind power is intermittent and dependent on climate, nuclear energy would still be needed. The importance of the fact though is significant. Michael Grubb, professor of energy policy at University College London, called the cost reduction “a huge step forward in the energy revolution”.
4. E-fuels replacing the traditional ones? First, there was mail and then came email; the ‘e’ version of the original is so common in daily life. However… How about the e-fuels? Electrofuels (e-fuels) is an umbrella term for liquid or gaseous fuels that are produced using electricity as the primary source of energy. E-fuels use common constituents such as carbon dioxide, nitrogen and water to form chemical compounds that can serve as fuels or feedstock. E-fuels may have the potential to disrupt the existing fuels space in the long-term, with drop-in fuels (such as e-diesel), if power is at sufficiently low cost. The energy needed for CO2 conversion to liquid fuels or chemicals is considerable. Only further technology development may influence the following kind of energy and will replace the traditional energy sources.
5. Big Tech Enters The Energy Markets. Imagine a situation where Google or Apple have the motive, means and opportunity to supply energy with one click. In June 2016, Apple Energy received federal approval to sell wholesale electricity into the national grid. Prior to that, Google Energy received approval to do the same. Apple, Google and ore of the world’s most influential companies have joined RE100, a collaborative of businesses who are committed to only using electricity generated from renewable sources. The global situation will change as more and more companies will produce the energy necessary for their operation and for sale as well.