London, 12 September, 2023, (Oilandgaspress) :Ember’s Global Electricity Review revealed that to meet climate targets, solar generation needs to sustain the rate of growth seen between 2015 and 2022, increasing by 25% every year throughout the rest of the decade. It has been the fastest rising source of electricity generation for the 18th year running.
The U.S. Environmental Protection Agency (EPA) released a new report that finds that President Biden’s Inflation Reduction Act – the largest climate investment ever – spurs major carbon dioxide (CO2) emission reductions from the U.S. electricity sector and across the economy. The report, “Electricity Sector Emissions Impacts of the Inflation Reduction Act: Assessment of projected CO2 emissions reductions from changes in electricity generation and use,” relies upon results from state-of-the-art models to assess how the Inflation Reduction Act’s investments in clean electricity and other climate solutions across sectors will reduce emissions. Since taking office, the Biden-Harris Administration has delivered on the most ambitious climate agenda in history, which is lowering energy costs for families, creating jobs across the country, and protecting lands and waters for future generations.
EPA’s analysis finds that the Inflation Reduction Act:
Lowers economy-wide CO2 emissions, which include electricity generation and use, by 35 to 43% below 2005 levels in 2030.
Spurs CO2 emissions reductions from the electric power sector of 49 to 83% below 2005 levels in 2030.
* Reduces CO2 emissions in all end-use sectors, most significantly in residential and commercial buildings followed by industry and transportation. Read More
Workers at Chevron Corp.’s liquefied natural gas (LNG) facilities in Australia started their planned strike of at least three weeks on Friday, which could threaten supply to Asian markets. Most of the output from Chevron Australia Pty. Ltd’s Gorgon and Wheatstone projects, as well as the North West Shelf facility in which it holds a non-operated stake, goes to Asian countries, with whom it has long-term contracts, according to the company. Read More
2024 Toyota Grand Highlander. Toyota is taking a larger-than-life approach for the most powerful Midsize SUV the brand has ever built in the new marketing campaign, “Life’s Grander in the Grand Highlander.” “The campaign shines a spotlight on the first-ever 2024 Grand Highlander – the latest addition to Toyota’s bold SUV lineup,” said Lisa Materazzo, group vice president, Toyota Marketing, Toyota Motor North America. “Featuring the Grand Highlander’s beautiful design and spacious interior the campaign is inspired by the reality that life, with all its unexpected surprises, is pretty grand.”
Toyota developed the integrated Grand Highlander campaign with its Total Toyota (T2) model in mind. The T2 model integrates efforts to create a cohesive marketing approach inclusive of multicultural marketing and the mainstream market. Read More
Designed from the inside out: The interior of the new Audi Q6 e‑tron model series is tailored more closely than ever to the user’s needs and has been reimagined accordingly. For example, the three-dimensional, high-contrast design deliberately places elements in the foreground or background, creating a three-dimensional spatial architecture with aesthetics and ergonomics perfectly tuned to the occupants. The Audi Q6 e‑tron is the first model series based on the newly developed Premium Platform Electric (PPE) and the new E3 electronics architecture. Both serve as the basis for rethinking the interior’s design and range of functions. Technology, aesthetics, and sustainability are in perfect balance in the Audi Q6 e‑tron.
“All-encompassing digitalization, the central importance of sustainability and personal freedom, new definitions of time well spent and luxury – we unquestionably live in the most exciting times in the history of automotive design. So it is exactly the right moment for brave and creative minds to ask innovative questions and leave the well-trodden path to find intelligent answers elsewhere,” says Head of Audi Design Marc Lichte. “One of these questions forms the starting point of our new design process: What do our customers want to experience in and with their vehicle? Because their needs and desires uniquely shape the space, the architecture, and the functions. By understanding the interior as the center of our customers’ lives and experiences, we are rejecting the status quo and systematically designing the vehicle from the inside out. With the Q6 e‑tron, we are giving our vision concrete form in the present.”
Interior: Design unified: The interior features clear structures and emphasizes a cozy ambiance. The so-called Softwrap extends from the doors through the entire cockpit to the center console, creating a homogeneous and welcoming feeling of space. The colors and high-quality materials, some of which are made from recycled materials, are also used in the seats. Read More
Electricity at its cleanest, as wind and solar generate 12% of global power
The carbon intensity of global electricity generation fell to a record low of 436 gCO2/kWh in 2022, the cleanest-ever electricity. This was due to record growth in wind and solar, which reached a 12% share in the global electricity mix, up from 10% in 2021. Together, all clean electricity sources (renewables and nuclear) reached 39% of global electricity, a new record high. Solar generation rose by 24%, making it the fastest-growing electricity source for 18 years in a row; wind generation grew by 17%. The increase in global solar generation in 2022 could have met the annual electricity demand of South Africa, and the rise in wind generation could have powered almost all of the UK. Over sixty countries now generate more than 10% of their electricity from wind and solar. However, other sources of clean electricity dropped for the first time since 2011 due to a fall in nuclear output and fewer new nuclear and hydro plants coming online. Read More
The speed at which solar has become cheaper is demonstrated in the latest global IPCC scenarios (April 2022), which show triple the solar in 2030 as the previous IPCC release in 2019. The scenario average envisions solar rising to 23% of global electricity production by 2030.
This will require extraordinary growth rates, but the technology is modular, easily mass-produced, and improving in efficiency every day. China doubled its solar PV manufacturing capacity in 2021. Where local production doesn’t exist, solar panels must be imported, and tariffs often complicate imports and the rapid scale-up of solar power. Solar power only generates electricity during the day, so works best when paired with energy storage. The declining cost of lithium-ion batteries has seen increasingly large projects appear in areas with abundant spare land like Australia (13% of generation from solar in 2022). However solar is also growing fast in more crowded countries like the Netherlands, where rooftop installation is key (15% of generation from solar in 2022). It also works best when electricity demand is shifted towards sunny hours, for example for electricity-thirsty air conditioners.
Only 1% of global solar generation rise since 2015 was in African countries and 2% in Middle Eastern countries, despite their enormous potential. Ember has shown that where solar succeeds is not just down to sunshine, but to government policy. Read More
In South Australia, winemaker Joseph Evans faced an annual electricity bill that had climbed to 6,000 AUD at his Barossa Valley vineyard, Ballycroft. Evans saw solar power, V2G, and his Nissan LEAF as the solution. Read More
Saab and the Swedish Defence Materiel Administration (FMV) have entered into an agreement regarding new functionality and adjusted delivery schedules for Gripen E and Gripen C/D. The agreement relates to the period 2023-2030 and the order value is approximately SEK 5.8 billion.
FMV and Saab have agreed to revise their existing agreement regarding development and production of Gripen E by adding new functionality, which includes changes to the electronic warfare-, communication- and reconnaissance systems, as well as changes to the delivery schedules for Gripen E and Gripen C/D.
In order to secure the Swedish Armed Forces’ operative fighter capability, the Armed Forces, FMV and Saab have agreed on adjusted development- and delivery plans, enabling continued development and operation of Gripen C/D after 2030 in parallel with the introduction of the next generation fighter, Gripen E.
“This agreement further underlines the very close collaboration between Saab, FMV and the Swedish Armed Forces. I am very proud that we are contributing to the operative capability of the Armed Forces by further strengthening the capability of the Gripen system, which is a world-class fighter aircraft,” says Lars Tossman, head of Saab’s business area Aeronautics. Read More
PetroChina has acquired 100 per cent of electric vehicle (EV) charging firm Potevio New Energy Co Ltd in the latest lower-carbon investment by China’s top oil and gas company, parent CNPC said on Friday.
Set up in 2010, Potevio New Energy was among China’s first state-owned companies engaged in EV charging network building and operations.
It ran 50,000 charging points in more than 50 Chinese cities as of end-2021, according to its official WeChat account.
CNPC did not disclose the cost of the acquisition. A PetroChina spokesperson did not immediately respond to a request for comment. Read More
The Formula One Singapore Grand Prix (GP) will be using cleaner fuels this year as part of efforts to halve its existing carbon emissions from energy consumption by 2028. Energy consumption from lighting up the street circuit and powering different facilities accounted for 96 per cent of its carbon emissions last year, Singapore GP’s first carbon footprint report released on Friday (Sep 8) found.
Transport and waste took up only a small fraction. Ahead of the race on Sunday, organisers are actively working towards F1’s sustainability goal of net-zero by 2030, said Singapore GP director of sustainability Sasha Rafi. Read More
PetroChina has acquired 100% of electric vehicle (EV) charging firm Potevio New Energy Co Ltd in the latest lower-carbon investment by China’s top oil and gas company, parent CNPC said on Friday. Set up in 2010, Potevio New Energy was among China’s first state-owned companies engaged in EV charging network building and operations. It ran 50,000 charging points in more than 50 Chinese cities as of end-2021, according to its official WeChat account. Read More
1PointFive, a carbon capture, utilization and sequestration company, today announced that Amazon (NASDAQ: AMZN) has agreed to purchase 250,000 metric tons of carbon dioxide removal (CDR) credits over 10 years. The agreement furthers Direct Air Capture (DAC) as a viable carbon removal solution to help organizations further their climate goals.
The CDR credits for Amazon will be enabled by STRATOS, 1PointFive’s first commercial-scale DAC plant, currently under construction in Texas. The plant is designed to capture up to 500,000 metric tons of CO2 annually when fully operational, making it the largest plant in the world, and a milestone in reaching climate relevant scale.
According to the Intergovernmental Panel on Climate Change (IPCC), the world needs to remove roughly 1 trillion tons of CO2 from the atmosphere over the course of this century to keep global warming below the 1.5 degrees Celsius limit set by the Paris Climate Agreement.
1PointFive is progressing the development of Carbon Engineering’s Direct Air Capture technology, alongside other decarbonization solutions, at an industrial scale to help organizations achieve their net zero goals. Under the agreement with Amazon, the captured CO2 underlying the CDR credits will be stored in saline reservoirs that are not associated with oil and gas production. “Amazon’s purchase and long-term contract represent a significant commitment to direct air capture as a vital carbon removal solution,” said Michael Avery, President and General Manager of 1PointFive. “The addition of 1PointFive’s high-integrity, quantifiable carbon removal credits support Amazon’s path to achieve net zero and shows the growing role that DAC technology will play in decarbonization pathways. We are excited to collaborate with Amazon to help them achieve their sustainability goals.”
“Amazon’s primary focus is to decarbonize our global operations and reach net-zero carbon by 2040 through our transition to renewable energy, building with more sustainable materials and electrifying our delivery fleet and global logistics. We are also pursuing changes such as reducing the weight of packaging per shipment for our customers. At the same time, we also need to seek every possible avenue to reduce carbon in the atmosphere,” said Kara Hurst, vice president of worldwide sustainability at Amazon. “These investments in direct air capture complement our emissions reductions plans and we are excited to support the growth and deployment of this technology.” Read More
The start of regular production of the New Fiat 600e at the Stellantis plant in Tychy has kicked off on September 7th. The first 600e produced is the top-of-the-range La Prima version in “Sun of Italy” orange color. The New Fiat 600e takes the best of the B and B-SUV worlds to offer a beautiful, joyful, and pampered driving experience, marking the Brand’s return to the B-segment. It is the ideal solution for city lovers and is the perfect embodiment of the brand’s values of Italian style and sustainability.
The model features great electric capability, with an electric range of more than 400 km in the WLTP combined cycle and more than 600 km in the urban cycle and offers state-of-the-art safety features. Available in 2 different full-electric versions, New Fiat 600e La Prima and New Fiat (600e)RED, the New Fiat 600e is a family friendly solution to fully experience pure Italian Dolce Vita, with an eye to the environment and a care for social causes. Read More
By 2025, PEUGEOT will offer the widest range of electric cars of any generalist brand in Europe, and as of now, PEUGEOT is replacing its best-seller with an all-new electric fastback SUV: the Next-Level E-3008.
PEUGEOT has transformed the E-3008, taking to a whole new level the creativity of its design and the driving pleasure and electric performance it offers to its users:
ALLURE of a fastback SUV with a reinvented and efficient design.
EMOTION produced by the next-gen PEUGEOT Panoramic i-Cockpit® which takes driving pleasure to a whole new level.
EXCELLENCE 100% electric range (up to 700km) and performance, thanks to the new STLA Medium platform from Stellantis.
The current PEUGEOT 3008 is a best-seller that has charmed more than 1,320,000 customers in 130 countries over the past 7 years. PEUGEOT is committed to offer a complete EV line-up as soon as 2025 and 100% of the brands’ sales in Europe will be electric by 2030. PEUGEOT is entering a new era with the unveiling of its new E-3008. The PEUGEOT E-3008 is the first model to use Stellantis’ brand new STLA Medium platform, which takes the brand to the next level. This innovative platform has been designed to offer best-in-class performance for the most important criteria for customers: range (up to 700km), recharge time (30 minutes), driving pleasure, performance, efficiency and connected services and functions (Trip Planner, Smart charging,Vehicle to load and Over The Air updates). Read More
After three seasons of the ADAC Opel Electric Rally Cup “powered by GSe”, the most important finding is: electric rallying works. Opel has been delivering solid proof since 2021 with the cars, the charging infrastructure and the rallies themselves. Motorsport that is fun and focused on the future. The 100 kW/136 hp, technically identical Opel Corsa Rally Electric cars are robust, fast and reliable; the events are hard-fought. The positive perception of the world’s first electric one-make rally cup is continuously spreading. This season, participants from seven different nations (Germany, Austria, France, the Netherlands, Spain, Sweden and Romania) are fighting for points, prize money and trophies. The rallies take place in five countries (Germany, Austria, Switzerland, France and the Czech Republic). Applicants for further international appearances in 2024 are literally queuing up. Impressive performance and high reliability
The rapid Opel battery-electric cars perform impressively on gravel as well as asphalt. Thanks to 260 Newton meters of torque and well-balanced handling, the special stage times of the production-near cup machines are often on the same level as Rally5 cars, which have around 30 kW/40 hp more power. At the Rallye Vosges Grand-Est in June, the Corsa Rally Electric lost on average only two seconds per kilometre to the conventionally powered Rally4 cars with more than 154 kW/210 hp! Read More
|Oil and Gas Blends||Units||Oil Price $||change|
|Crude Oil (WTI)||USD/bbl||$88.51||Up|
|Crude Oil (Brent)||USD/bbl||$91.65||Up|
|OPEC basket 11/09/23||USD/bbl||$93.12||Up|
The UAE, Saudi Arabia, India, and the US will announce an agreement to build shipping and railway links that will connect Europe and the Middle East to India, according to a top US official. The announcement is expected to be made today on the sidelines of the G20 summit in New Delhi. The proposal will create an economic corridor linking Middle Eastern countries through rail links, which will be connected to India through shipping lanes. The European Union will also be part of the deal. Read More
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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