The Future of Energy Summit 2014
The great renewables race is on. A decade into the modern age of clean energy, and a decade into the U.S. gas boom, the global energy system dispatches more electrons and fuel than ever before. It's straining some of the energy industry's most established business models. Follow updates here from Bloomberg New Energy Finance’s 2014 Future of Energy Summit. Follow on Twitter with #BNEF2014
Scottish independence risks undermining investment in low-carbon energy because the smaller nation wouldn’t be able to afford the same level of subsidies as the U.K., the Department of Energy and Climate Change said.
Plug Power Inc., the best performer on the Nasdaq, is looking for new markets where its fuel cells can take on fossil fuels. First on the list: refrigerated delivery trucks and airport support vehicles.
Chancellor Angela Merkel’s cabinet backed changes to Germany’s clean-energy law to try to slow gains in power prices already the second-highest in the European Union and reduce dependence on fossil fuels.
Net oil imports to the U.S. could fall to zero by 2037 because of robust production in areas including North Dakota’s Bakken field and Texas’s Eagle Ford formation, according to a government projection released today.
Wind was responsible for 4.8 percent of America’s electricity used in January. That’s the highest January total ever, breaking the record from last January, which broke the record for the January before that, and so on.
Prime Minister Shinzo Abe’s government stopped short of setting goals for renewable energy in the final version of a draft plan that reinforces atomic power’s role in Japan’s energy future, calling it a vital source of generation.
Wind power in the U.S. is on a respirator.
The $14 billion industry, the world’s second-largest buyer of wind turbines, is reeling from a double blow -- cheap natural gas unleashed by the hydraulic fracturing revolution and the death last year of federal subsidies that made wind the most competitive of all renewable energy sources in the U.S.
Towering flames atop oil wells break the inky darkness in the badlands on North Dakota’s Fort Berthold Indian Reservation. The flares of natural gas set grass fires on the prairie where Theodora Bird Bear’s ancestors hunted buffalo and create a driving hazard on rural roads.
Jan Arps is the most influential oilman you’ve never heard of. In 1945, Arps, then a 33-year-old petroleum engineer for British-American Oil Producing Co., published a formula to predict how much crude a well will produce and when it will run dry.
Andre Boulet, chief executive officer of Inventys Thermal Technologies Inc. in Burnaby, British Columbia, holds up a 6-inch piece of charcoal, showing how light passes through toothpick-sized air shafts. He says the crevices in this filter offer a cheap way to capture carbon dioxide before it ascends into the atmosphere and haunts future generations.