THE DAILY ROUNDUP – Monday

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Hi! Here is your daily dose of articles related to renewable energy, sustainability, and technology. Stay safe!


West Africa needs enabling climate to exploit significant gas potential

British oil major BP and partners Kosmos Energy and NOC late last year disclosed the discovery of high-quality natural gas reservoirs offshore Senegal and Mauritania, which was the deepest and largest all throughout the year, according to independent energy research firm Rystad Energy. The exploration area is estimated to hold as much as 50 trillion…


Why BP’s Terrible Q2 Earnings Report Was So Earth-Shattering

I never thought I’d hear a big oil CEO come right out and say that oil is a terrible investment — but that’s practically what BP’s (NYSE:BP) Bernard Looney said in the energy supermajor’s second-quarter earnings report on Aug 4. He made other big announcements at the time, too, revealing that BP was cutting its dividend in half and that the…


Why Solar Stocks Will Thrive During a Recession

Technically, the U.S. is already in recession territory but we may only be at the beginning of the long-lasting impacts of COVID-19’s economic fallout. Unemployment is staying stubbornly high just as stimulus checks and generous unemployment benefits run out. Meanwhile, companies are running out of reserves and their own stimulus funds…


Revolutionising Energy in the UAE

As we face unprecedented times in the world, many would argue that we are also seeing a transitional shift in the world’s intellectual competency that seems to be heading back to the East. In the euphoria of this transition has emerged a genius from Pakistan by the name of Waseem Ashraf Qureshi, CEO, Founder and Partner of Infusion…

Our supercap can last 20 years.

Waseem Ashraf Qureshi, CEO, Founder and Partner of Infusion Group

Offshore wind will ‘surge’ to over 234 GW by 2030; India lags behind

New Delhi: While India is set to miss its first national offshore wind target, global offshore wind capacity will surge to over 234 GW by 2030 from 29.1 GW at the end of 2019, led by exponential growth in the Asia-Pacific region and continued strong growth in Europe, a new report by the Global Wind Energy Council (GWEC) said on Wednesday…

Over the coming decade we will see emerging offshore markets like Japan, Korea and Vietnam move to full deployment, and see the first offshore turbines installed in a number of new countries in Asia, Latin America and Africa.

GWEC CEO Ben Backwell

This Renewable Energy Company Sees a Bright Future for Solar

Brookfield Renewable (NYSE:BEP)(NYSE:BEPC) is a global leader in producing hydroelectric power. It has 7.9 gigawatts (GW) of hydropower plants currently operating, which account for 64% of its cash flow. It’s also a large-scale wind energy producer, with 4.7 GW of installed capacity, contributing 27% of its annual cash flow…

As a result of technology advances and reductions in construction costs, solar can stand on its own without subsidies and more importantly, is now among the lowest cost sources of conventional power globally. To put this in perspective, solar costs over the last five years — the period in which we have built our solar business — have gone from over $4 per watt to install, to less than a $1 per watt in almost all jurisdictions around the world.

CEO Sachin Shah

Energy secretary dedicates Richland site of $75M building to win ‘battery arms race’

The nation’s energy secretary was in Richland on Friday to dedicate the site of what will be Pacific Northwest National Laboratory’s newest state-of-the-art facility — a center for advancing storing energy in batteries at the electricity grid scale. The yet-to-be-named facility will help the Department of Energy begin to scale up energy storage technology from…


Concentrated solar power plants to produce electricity at night thanks to storage technology

Thermal energy storage (TES) systems can boost the conversion of solar thermal into electricity. They allow the efficient storage of heat during the day so that electricity production continues at night. Currently, the expansion of small and midsized concentrated solar power plants is limited because of the shortage of tailor-made TES systems…


One Sun, One World, One Grid: All you need to know about mega solar plan

Prime Minister Narendra Modi in his Independence Day address on Saturday mentioned about the mega plan of “One Sun, One World, One Grid” (OSOWOG) or a trans-national electricity grid supplying solar power across the globe. The idea was first floated by Modi in 2018 during the first assembly of the International Solar Alliance (ISA)…


Sustainable, all-in-one, fully-integrated energy storage is here.

For decades, Sungrow has been a trusted partner for energy companies and commercial and industrial customers, working to optimize production while also helping to tailor maintenance programs to control costs and maximize asset uptime. Check the video to see how Sungrow ESS makes grids and companies fit for the future…


Thai energy giant PTT Group eye $500 mn Renew buy-in

Thailand’s state-owned energy giant PTT Group, also its biggest conglomerate, is in talks with Goldman Sachs Group to buy a stake in ReNew Power, one of India’s clean energy company, underpinning the rising interest of southeast Asian oil and gas majors to back green ventures in the region. The transaction could lead to the Wall Street…


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