Latest news
Israeli company collected $2 million funds to construct a pipeline
An Israeli wave energy company has collected $2 million (£1.3m) of funds to construct a pipeline. It comes after the firm’s ‘Second Generation’ electricity station which was installed last month at Jaffa Port, Israel.
read more... 20/08/2015
Daily: WTI crude plunges to six-and-half-year low on unexpected stockpiles hike
WTI crude oil decreased more than 4 percent on Wednesday to reach a 6-1/2-year low and almost break below $40 per barrel, dragged down by a massive unexpected inventories hike in the United States which intensified worries about growing global oversupply. U.S. front-month futures contract, which expires on Thursday, declined $1.82, or 4.3 percent, to settle at $40.80 a barrel. It fell as low as $40.46 during the session, its lowest level since March 2009. The front-month in Brent, the global benchmark for oil, lost $1.65, or 3.4 percent, at $47.16 a barrel. It continued to slip to $2 in post-settlement trade.
read more... 20/08/2015
Germany: RWE’s power-to-gas plant opens
RWE’s power-to-gas plant has officially been opened in Ibbenbüren, Germany. It is an energy storage technology which connects the supply of local power, natural gas and district heating.
read more... 19/08/2015
Phoenix Solar will construct PV power plant of 6.9 MWp in Turkey
Phoenix Solar AG (Sulzemoos, Germany), an international photovoltaic system integrator, and its associate Asunim Yenilenebilir Enerji Teknolojileri Ins. Muh. San. Tic. Ltd. Sti. (Ankara, Turkey), a member of the Asunim group, have been jointly granted an order by a Turkish conglomerate to construct an array of six photovoltaic power plants with a total capacity of 6.9 MWp in the surroundings of the city of Kayseri in central Anatolia, as declared by Phoenix Solar in a press release.
read more... 19/08/2015
Daily: European spot electricity prices jump on lower wind output in Germany, higher electricity demand in France
Crude oil prices increased on Tuesday, with WTI crude soaring as much as 2 percent, spurred by optimistic economic figures and bets for weaker crude inventories in the United States, the largest oil consumer in the world. WTI crude rose by 75 cents to settle at $42.62 a barrel. Brent, the London-traded global benchmark for oil, boosted 7 cents to settle at $48.81, snapping a three-day loss. Brent declined initially on Tuesday morning after a stock market collapse in China, the No. 2 oil consumer.
read more... 19/08/2015