Researchers from the Russian Academy of Sciences’ Far East branch say they are building a facility to make gold out of coal.
Although the science is no fairy tale, to the dismay of business owners, the process is not as productive as they might hope – burning a ton of coal yields one gram of gold, tops.
At present, the scientists are setting the bar even lower, expecting a yield of 0.5 grams, or 1,500 rubles, per ton. Continue reading »
Guest essay by Eric Worrall
Indonesia’s coal consumption remains high: BP
The BP Statistical Review 2016 revealed on Wednesday that Indonesia’s coal consumption had doubled since 2010. Last year, coal became the country’s dominant source of fuel, accounting for 41 percent of total energy consumption. Continue reading »
As if burning cars were not enough.
Waiting for the first Tesla solar powered house to burn to the ground.
During a press event at Universal Studios in L.A., Elon Musk announces that Tesla will build and sell its own line of solar panels with integrated batteries. Coupled with the also unveiled PowerWall 2, it will allow residential homeowners to replace their entire roof with solar panels, making it much simpler for homes to be entirely powered by solar power.
H/t reader kevin a.
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India will become the world’s number 2 miner of coal by 2020, overtaking the US. There are plans to ramp up from mining 634 million tons to 1.5 billion metric tons by 2020. That’s only 3 years away. China’s total coal use doesn’t even fit on this graph. As best as anyone can guess, China uses 3.7 billion ton each year.
H/t reader kevin a.
A gasoline pipeline spill is currently unfolding in the South. The leak has prompted Alabama Gov. Robert Bentley, Tennessee Gov. Bill Haslam, and Georgia Gov. Nathan Deal to declare states of emergency… “You’re going to see some places without gasoline… It’s like a mini-hurricane.”
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Sorry but seriously!!
The average forward price-earnings ratio for the Energy sector has been 15.8x.
At the current 97x forward P/E, S&P Energy stocks trade 20 standard deviations rich to history!!
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The entire Los Angeles metropolitan area and most of Southern California can expect blackouts this summer.
The power grid is under direct threat as a result of the unprecedented, but little reported, massive natural gas leaks at Alisco Canyon that was ongoing for four months as an intense summer heat wave sets in.
According to Reuters:
California will have its first test of plans to keep the lights on this summer…
With record-setting heat and air conditioning demand expected in Southern California, the state’s power grid operator issued a so-called “flex alert,” urging consumers to conserve energy to help prevent rotating power outages – which could occur regardless. Continue reading »
Inspired by the geniuses Nikola Tesla and Albert Einstein, teenager Max Loughan loves to invent things, in fact, he says he has known his entire short life that his purpose was to change the world with his inventions. And he may just do it.
“As cheesy as this sounds, from day one, on this planet that I knew I was put here for a reason,” said Max. “And that reason is to invent, to bring the future.” [Source]
Wearing a lab coat while speaking in a televised interview with KTVN Channel 2 in Reno and Tahoe, Nevada, Max explains the free energy device that he made in his parents’ boiler room turned laboratory. Continue reading »
Dubai received bid of $.0299/kWh for 800MW of solar power. This price represents the lowest yet recorded for solar power (and might not represent the end of the price drops…).
Dubai Electricity and Water Authority (DEWA) has received 5 bids from international organisations for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park, said HE Saeed Mohammed AlTayer, MD & CEO of DEWA. The lowest recorded bid at the opening of the envelopes was US 2.99 cents per kilowatt hour. The next step in the bidding process will review the technical and commercial aspects of the bids to select the best one.
One month ago we were quite amused by what at that time was one of the most ridiculous short squeezes we have ever seen when the stock of Peabody Energy, exploded higher from $2 to about $6 in days on… nothing.
Many scratched their heads at this move as nothing fundamentally had changed in the company’s deteriorating operations, and its bonds are among the most distressed issues trading currently. The move was even more bizarre when just a few days later Peabody warned it may file for bankruptcy protection imminently.
And earlier today, it did just that, when in a historic event, one which is perhaps the lowlight of the sad demise of the US coal industry, U.S. coal giant Peabody Energy, the world’s largest coal producer, which employs 8,300 workers, filed for bankruptcy on Wednesday, the most powerful convulsion yet in an industry that’s enduring the worst slump in decades. The stock has finally responded accordingly.
The company filed Chapter 11 petitions for most of its U.S. entities in U.S. Bankruptcy Court in St. Louis Wednesday, listing $10.1 billion in debt. All of Peabody’s mines and offices are continuing to operate and are expected to continue doing so for the duration of the process. Continue reading »
Solar tax to delay solar a desperate money making move, says solarcity CEO
Auckland, 6 April 2016 – New Zealand’s leading solar energy services provider, solarcity, has condemned Trustpower’s support of a residential solar tax as a “desperate move to squeeze every last dollar out of a dying business model”.
Last week Hawke’s Bay electricity lines operator, Unison Networks, announced it was introducing a tax of up to 26% on solar power and batteries. (1) Yesterday Trustpower community services manager Graeme Purches came out in support of the tax saying it was “completely understandable”. Continue reading »
Way to go, Morocco! A solar mega-plant to deliver electricity to half the country’s population.
The current winner in the renewable energy push has to be the country of Morocco, which is building a solar energy plant that will leave every other effort in the dust. Or maybe we should say, in the dark.
Right now, Morocco imports 94 to 97 percent of its energy from fossil fuels, yet it gets 3,000 hours of sunshine per year. All of that desert sunshine is about to reverse the energy-importing trend, turning the country into a leading world source of solar energy. Continue reading »
“The UK’s remaining coal-fired power stations will be shut by 2025 with their use restricted by 2023,” says this article from the BBC.
Relying on “polluting” coal is “perverse,” says Energy Secretary Amber Rudd.
Instead, she will recommend that gas become “central” to the UK’s future, with building new gas-fired power stations an “imperative”. Continue reading »
One of the main reasons that solar energy is growing so fast in California is “net metering” … i.e. crediting rooftop solar users for surplus power their systems create, which is fed back into the grid for use by other customers.
Currently, rooftop solar owners are credited at the same rate they would pay the utility for electricity.
Not only is net metering a huge incentive to buy solar panels, but it is part of a wave of decentralized energy production which could help to solve our protect against terrorism, fascism and destruction of our health, environment and economy. Continue reading »
H/t reader Judyth:
“This video is worth watching if you are interested in the pyramids ability to generate electricity. Granite is not the main rock used in the construction, dolomite Limestone is. It is then insulated by an outer layer of tura limestone. Tura Limestone acts as the insulator and Dolomite acts as the conductor. The video explains in more detail and is definately worth a look if you are interested in the Pyramids. It is definately not a tomb. The ancients had incredible knowledge and were more in touch with the natural forces of our earth. “
– Egypt gas find sparks panic in Israel about Israeli reserves (AP, Sept 1, 2015):
Egypt’s new natural gas bonanza is causing an uproar in Israel, with energy stocks plummeting and recriminations over indecisiveness and infighting that have delayed production from the country’s own gas fields.
The government is currently struggling to get parliament to approve its natural gas business plan, but observers fear Israel may need to reassess everything now that Egypt, which had been cast as both an export destination and a partner, may have found its own independent solution. Continue reading »
– Goldman Hires Former Head Of NATO To Deal With DONG Scandal (ZeroHedge, Aug 9, 2015):
Back in January 2014, we reported that Goldman’s merchant banking unit rushed to buy an 18% in Denmark’s DONG Energy (that would be Danish Oil & Natural Gas) company for $1.5 billion. The result was an immediate grassroots resistance campaign, as hundreds of thousands of Danes refused to hand over their DONG to the vampire squid for various reasons, not the least of which was granting Goldman veto rights over changes to DONG’s leadership and strategy, a right usually reserved for buyers of 33% of an entity. A bigger reason for the Danish anger at the Goldman DONG deal, was that as The Local reported a few months later, the sale “did not include a massive deal that both parties knew was imminent, shortchanging the company’s value by as much as 20 billion kroner.”
– The Future of Wind Turbines? No Blades (Wired, May 15, 2015):
It’s no longer surprising to encounter 100-foot pinwheels spinning in the breeze as you drive down the highway. But don’t get too comfortable with that view. A Spanish company called Vortex Bladeless is proposing a radical new way to generate wind energy that will once again upend what you see outside your car window.
Their idea is the Vortex, a bladeless wind turbine that looks like a giant rolled joint shooting into the sky. The Vortex has the same goals as conventional wind turbines: To turn breezes into kinetic energy that can be used as electricity. But it goes about it in an entirely different way. Continue reading »
H/t reader squodgy:
“Is this the holy grail?”
– Fusion power: Scientists building mini-star to provide electricity of the future (Independent, May 15, 2015):
– Costa Rica powered with 100% renewable energy for 75 straight days (Science Alert, March 20, 2015):
And it’s mostly thanks to heavy rains and geothermal energy.
Well done Costa Rica, well done.
The Cental American country has achieved a major clean energy milestone, meeting 100 percent of its power demand with renewable energy for 75 straight days.
“The year 2015 has been one of electricity totally friendly to the environment for Costa Rica,” the state-owned power supplier Costa Rican Electricity Institute (ICE) said in a press release.
The ICE says the country’s zero-emission milestone was enabled thanks to heavy rainfalls at four hydroelectric power facilities in the first quarter of 2015. These downpours have meant that, for the months of January, February and so far March, there has been no need to burn fossil fuels to generate electricity. Continue reading »
– Is Ukraine Hiding A Huge Radiation Leak At The Largest Nuclear Power Plant In Europe? (ZeroHedge, Dec 30, 2014):
Two days ago we reported of the odd coincidence of a 2nd emergency shutdown at Ukraine’s Zaporozhye Nuclear reactor – Europe’s largest nuclear power plant – following our earlier fears of disinformation. Today, we get information of a leaked report sourced from three different place – unconfirmed for now (but RT is trying to verify) – that Ukrainian nuclear scioentists misled the public and a radioactive leak has been detected – citing the country’s emergency services claiming that levels of radiation are 16.3 times the legally permitted norm.
A radioactive leak has been detected at Ukraine’s Zaporizhia Nuclear Power Plant, the largest in Europe, a media report says, citing the country’s emergency services. The report claims that levels of radiation are 16 times the legally permitted norm.
LifeNews published a leaked report by the State Emergency Service of Ukraine, which denies an earlier assessment by the plant’s authorities that the radiation at the facility is equal to the natural background following an incident on Sunday.
RT is trying to verify the report. Continue reading »
– Russian warning: No gas for Ukraine if it fails to pay $1.65bn debt in a week (RT, Dec 23, 2014):
Energy Minister Aleksandr Novak has threatened Russia may turn off the taps if Kiev doesn’t repay the remaining $1.65 billion of its gas debt by the end of December.
The warning comes less than a month after Russia resumed supplying Ukraine with gas.
— Sputnik (@SputnikInt) 23. Dezember 2014
Kiev had to pay $378 million in advance for December deliveries.
The prepayment regime introduced for Ukraine was just one part of the so–called ‘winter plan’ between Russia and Ukraine. The other critical term is that Kiev needs to repay the remainder of its multibillion dollar gas debt by the year end. Continue reading »
– Germany to be gas powered for next 70 years (RT, Dec 12, 2014):
Germany’s plan to phase out nuclear energy and switch to renewables by 2022 is unrealistic as the country is doomed to remain dependent on fossil fuels like oil and gas for the next 70 years, energy expert Matthias Dornfeldt told RT.
Renewables can’t replace fossil fuels overnight because there’s not enough infrastructure, said Dornfeldt in an interview with RT. He believes the 21st century will be the century of gas, as the 20th century was the century of oil.
“We are going to be dependent on oil as well as on gas, as I see, for the next 50, 60, 70 years”, he said, adding there is “a huge impact of fossil fuels on the national economy in Germany.” Continue reading »
– Europe Needs A New Source of Oil and Gas, Fast (Oil Price, Sep 4, 2014):
Summer is over and many Europeans may have to keep warm this coming winter by thinking about their summer holidays while wrapped in blankets, praying for a short winter or for the world to come to its senses. It both cases, they may well be disappointed.
The never-ending conflicts in the Middle East, mayhem in Libya, uncertainty in the Gulf and a war in Ukraine are all going to take a toll on the energy supplies this winter.
Russia sold 86 billion cubic meters of gas last year, all of which passed through Ukraine. Given what’s happening there now, it is highly unlikely that the Russians would allow their gas to transit a country they are (unofficially) at war with. Just as it is unlikely that Ukrainians would allow Russian gas access through its territory. Continue reading »
– Blackout alert – UK offices and factories to undergo electricity rationing this winter (Ice Age Now, Sep 3, 2014):
Power crunch worsens – Emergency measures introduced to prevent the lights going out this winter.
Offices and factories will be offered compensation to undergo 1970s-style energy rationing and shut down for up to four hours a day to prevent households being plunged into darkness.
Under the powers, businesses that sign up will be ‘bribed’ to shut down between 4pm and 8pm on any day between November and February. Continue reading »
– Soviet-era Tesla Tower restarted with spectacular lightning bolts (VIDEO) (RT, Aug 20, 2014):
A massive Soviet-built generator – once used for testing the resistance of aircraft to lightning, but now largely mothballed due to prohibitive costs – has staged a striking demonstration test at the behest of RT.
The 6-Megavolt device, one of the most powerful in the world, is capable of generating 200 meter-long lightning bolts, and was constructed in the 1970s at a closed facility outside Moscow, but fell into disuse after the collapse of the USSR.
The futuristic complex of entangled metal coils hidden in a secured virgin forest made it a cult object for urban explorers. Teams of camera-equipped youths navigated their way and documented the rusting coils and huge locks on their blogs. Continue reading »