Rhetoric over China’s land reclamation work, placed at more than 2,000 acres, on submerged reefs and inlets in the Spratly Islands in the South China Sea (SCS) has entered its fourth week. The latest installment of this high-stakes drama reignited in early May when US satellite images showed that China had been building artificial islands… Keep reading →
Berkshire Hathaway energy unit MidAmerican Power Holdings has agreed to buy wind turbines with an estimated value of more than $1bln from Siemens. IFM Investors has agreed to invest $1.3 billion in equity funding for the proposed three-train Freeport LNG natural gas liquefaction and export plant in Texas, sourced from a consortium of project finance ledners. The funding in question… Keep reading →
Sapphire Energy and refiner Phillips 66 – comprised of ConocoPhillips’ former refining assets – have announced a joint development agreement to commercialize Sapphire’s Green Crude, an algae-based crude oil. The two companies will expand Sapphire’s ongoing testing program to ensure that Green Crude can be processed in traditional refineries and meet Environmental Protection Agency standards under the… Keep reading →
Jellyfish in the cooling water intake have forced the shutdown of Sweden’s largest nuclear reactor, which generates about 10% of the country’s electricity. As bizarre as this sounds, jellyfish have caused problems at power plants in several countries, including the US. [CNN] Malaysian Prime Minister Najib Razak said that state-controlled energy company Petronas is going… Keep reading →
Despite its significant oil wealth, American companies have long shied away from doing business in Sudan, initially because of security concerns and later in response to U.S. sanctions against the government in Khartoum. The secession of South Sudan in July 2011, during which 80% of the country’s oil wealth went to the South, followed by… Keep reading →
Roughly 220,000 smart meters every single day; that’s the installation rate some smart grid players are anticipating in the rapidly-expanding Asian market over the next four years.
Rising populations and limited access to electricity in much of Asia is heightening local pressure to do more with less when it comes to power supply, and utilities are eyeing connecting 300 million more smart meters by 2016 in the region, Trilliant Managing Director for the Asia Region Bryan Spear told Breaking Energy in a recent call. Keep reading →
Asia is the world’s largest infrastructure market, with $4.1 trillion in power market spending expected over the coming decade, experts told industry participants and journalists at a recent quarterly power sector briefing held by infrastructure firm Black & Veatch. Keep reading →
