31 Dec
2020

Global energy storage boom to Increase 122-fold by 2040

first_imgGlobal energy storage boom to Increase 122-fold by 2040 FacebookTwitterLinkedInEmailPrint分享Utility Dive:Global energy storage deployment is expected to increase 122-fold over the next two decades to 1,095 GW/2,850 GWh by 2040, according to a new BloombergNEF (BNEF) report, published Wednesday.BNEF estimates this storage boom will require $662 billion of investment, even though the cost of lithium-ion batteries is expected to fall by 50% over the next decade.The research company also forecasts that renewables will account for almost 40% of the world’s electricity by 2040, up from 7% today, due to falling prices.The global transformation of the power grid toward renewable energy sources is expected to catapult the deployment of energy storage systems to new heights, while the anticipated electrification of the transportation sector and the power demand from that will help further reduce costs.BNEF pointed to the stationary storage and electric vehicle markets as the main drivers of the upcoming battery boom. “Two big changes this year are that we have raised our estimate of the investment that will go into energy storage by 2040 by more than $40 billion, and that we now think the majority of new capacity will be utility-scale, rather than behind-the-meter at homes and businesses,” Yayoi Sekine, energy storage analyst for BNEF and co-author of the report, said in a news release. Despite this positive outlook for the storage industry, S&P Global Platts Analytics identified raw material prices, fire protection and potential import tariffs as potential risks to future price reductions.More: Global storage deployments to hit 2,850 GWh by 2040, increasing 122-foldlast_img read more

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28 Sep
2020

Lithuania: Klaipeda LNG regas volumes soar in November

first_imgLiquefied natural gas (LNG) regasification volumes at Lithuania’s first and only import terminal in the port of Klaipeda soared during the month of November. The terminal operator Klaipedos Nafta’s data shows that the company’s LNG import terminal and its small-scale LNG facility have regasified and reloaded 2.74 TWh of natural gas in November, 226.3 percent above the 0.84 TWh recorded during the same period of 2018.During January-November of 2019, the company in total regasified and reloaded 18.24 TWh of the natural gas which compares to 8.65 TWh during the same period of 2018.Sales revenue from the LNG facility in November reached €6.3 million ($6.98 million) 18.9 percent above the €5.3 million reported in the corresponding month last year.The preliminary revenue of the LNG terminal for the January-November period comprises €65.8 million up by 11.1 percent compared to the €59.2 million reported in the same period of 2018.last_img read more

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19 Jan
2020

Trump makes racism ‘fashionable’ – LeBron

first_imgCleveland Cavaliers’ LeBron James. AP FILE PHOTOLOS ANGELES—Cleveland Cavaliers superstar LeBron James reacted swiftly Tuesday to US President Donald Trump’s repeated claim that there was “blame on both sides” in the deadly racial unrest in Charlottesville.“Hate has always existed in America. Yes we know that but Donald Trump just made it fashionable again!” James tweeted shortly after Trump angrily defended his controversial initial response to the white supremacist rally on Saturday that erupted in clashes with counter-demonstrators.ADVERTISEMENT View comments Don’t miss out on the latest news and information. James, who has long been outspoken about matters of race in America and endorsed Trump’s opponent Hillary Clinton for president, had tweeted his dismay at the events in Charlottesville over the weekend.“It’s sad what’s going on in Charlottesville,” James tweeted on Saturday. “Is this the direction our country is heading?“Make [America] Great Again huh?! He said that,” added James in a dig at Trump’s celebrated campaign slogan.While James has attempted to use his celebrity to combat racism, his wealth and fame haven’t made him immune.On the eve of the NBA Finals in June his house in an upscale Los Angeles neighborhood was daubed with a racial slur.ADVERTISEMENT Marcosian mode: Duterte threatens to arrest water execs ‘one night’ Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite Albay to send off disaster response team to Batangas Vilma Santos, Luis Manzano warn public of fake account posing as her End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend “Hate in America, especially for African-Americans, is living every day,” James said at the time.Sports Related Videospowered by AdSparcRead Next MOST READ LATEST STORIES Teen gunned down in Masbate 787 earthquakes recorded in 24 hours due to restive Taal Volcano 787 earthquakes recorded in 24 hours due to restive Taal Volcano Woods had marijuana, painkillers in system at arrest — report A suspected Nazi sympathizer plowed his car into a crowd of anti-racism demonstrators, leaving one woman dead and 19 injured.Trump’s reaction on Saturday, that there was violence “on many sides” provoked a backlash and on Monday he singled out the Ku Klux Klan and neo-Nazis involved as criminals.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’READ: Trump blames ‘many sides’ for violent clashes in VirginiaBut in an exchange with reporters at Trump Tower in New York on Tuesday, a clearly irked Trump again said that both groups were at fault in inciting violence and insisted that those who gathered to protest the removal of a statue of Confederate leader Robert E. Lee form a park were not all racist. Ai-Ai delas Alas on Jiro Manio: ‘Sana pinahalagahan niya ang naitulong ko’ 2 nabbed in Bicol drug stingslast_img read more

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