On Wednesday 12 December, the Financial Times carried an article from Seoul, South Korea, stating that over the next ten years Hyundai, the world’s fifth largest car manufacturer, will commit US$6.7 Billion to the hydrogen economy. The article stated that this will raise their production capacity for fuel-cell systems and cars to 700,000 units a [...]
On Thursday 15 November 2018, the European Court of Justice (ECJ) surprised some observers by its ruling in favour of a case brought by a British clean energy technology company, Tempus Energy, against the European Commission and the British Government over the UK system of managing back-up power. Tempus did not call the capacity market [...]
The market seems to have welcomed last week’s announcement that Scottish Power Ltd (wholly owned by Iberdrola, the Spanish electric utility company) was to sell all its non-wind generating capacity to Drax for a consideration of £702 million. This in pursuance of Iberdrola’s expressed intention of lowering its carbon emissions. Iberdrola shares showed a modest, [...]
There have been many studies examining whether energy can be produced entirely by renewable sources. For example, two papers, one by Heard et al1arguing that it has not been proved, and another by Brown et al2arguing that it has, both give more than 150 references. It is worth considering some of the factors that frame [...]
The overall picture given by the Survey is somewhat mixed. Renewable power grew by 17 per cent, the largest increase on record and accounted for almost half the growth in power generation. Yet, as Bob Dudley points out in his introduction, “There has been no improvement in the mix of fuels feeding the global power [...]
When the going gets tough in the sometimes heated debate in the UK, Germany and elsewhere about the optimum place of renewables in electricity generation, it may be refreshing to point out that there are places in the world where renewables are the whole answer to the question. Most of them are small, with only [...]
I first knew Dan Southerland from our reporting days in Southeast Asia in the 1970s. He worked for the Christian Science Monitor and then The Washington Post and did long stints in Indochina (Vietnam, Cambodia and Laos) and China. He covered energy issues for The Washington Post for a few years when he was working [...]
Germany was perhaps the first major industrial power to embrace renewables, so it may be instructive to look at the lessons to be derived from their experience so far. Maybe the first point to make is that “the market rules” does not mean that commercial companies necessarily prioritise the future of the planet. When the [...]
When I started Greenbarrel.Com in its latest incarnation last year I knew it was going to be a different experience from my first venture into internet publishing in 2003, even though the business model is similar. The first venture was Oilbarrel.com, an online platform for investors interested in putting money into small oil and gas [...]
Almost exactly twelve months ago a report was issued noting that China was reinforcing its increasing dominance in renewable energy by a programme of aggressive investment both at home and around the globe. That report came from the Institute for Energy Economics and Financial Analysis (IEEFA). On 9 January 2018 IEEFA produced a follow-up report [...]