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Understanding Energy Crises of the 1970s and Avoiding Problems Today

March 29, 2021
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The post Understanding Energy Crises of the 1970s and Avoiding Problems Today appeared first on POWER Magazine.

If you were alive and living in the U.S. during the 1970s, you probably remember waiting in long lines to fill your car with fuel. Yet, gasoline wasn’t the only item in short supply during the “Me Decade”—natural gas was seemingly running out and electricity demand was growing so much that new power plants were going up all over the country.

“I would argue, and I think a lot of historians would agree with me, that the 1970s was the most important decade in U.S. energy history, and I say that because of the gasoline interruptions. We had three big crises in the Middle East that reduced our supplies of oil, and that got so bad that at one point, in some states, less than 50% of the stations had any gasoline to sell at all,” Jay Hakes, author of the forthcoming book Energy Crises: Nixon, Ford, Carter, and Hard Choices in the 1970s, said as a guest on The POWER Podcast.…

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Is It Safe to Invest in Mexican Energy Projects?

March 19, 2021
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The post Is It Safe to Invest in Mexican Energy Projects? appeared first on POWER Magazine.

In late 2013, Mexico embarked on a path to transform its energy markets. Then-President Enrique Peña-Nieto oversaw constitutional reforms that ended state-run monopolies, and opened Mexico’s power market to competition and investment from foreign and private companies.

By most accounts, the policies were highly effective in spurring investments in renewable energy and efficient natural gas-fired power projects. A great deal of money has been funneled into Mexico by investors from as many as 45 countries since the law was enacted.

“The result of that was dramatically successful. I mean, you have millions and millions of dollars that were sunk into the power sector bringing in modern equipment, environmentally friendly, because there were a lot of renewable projects that went online. You see how the percentage of renewables changed in the last 10 years—you can see that it has been successful,” Roberto Aguirre Luzi, a partner with King & Spalding, said as a guest on The POWER Podcast.…

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Rosatom Group Building Energy Storage Portfolio

March 6, 2021
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The post Rosatom Group Building Energy Storage Portfolio appeared first on POWER Magazine.

Russia’s state-owned nuclear power company Rosatom continues to diversify, as one of the group’s subsidiaries has acquired a major stake in a South Korean manufacturer of energy storage products.

RENERA LLC, which is Rosatom’s integrator company for the energy storage business, and also a subsidiary of TVEL Fuel Company of Rosatom, on March 5 announced it has finalized the deal to acquire a 49% share of Enertech International. Enertech makes electrodes, lithium-ion storage cells, and energy storage systems.

The agreement also includes the opportunity for RENERA to build a manufacturing facility for  lithium-ion cells and energy storage systems in Russia, with at least  2 GWh of production capacity by 2030. The plan is for that facility to begin production in 2025. Rosatom on Friday said the lithium-ion batteries made in Russia are earmarked for use in electric vehicles (EVs), in what it called “special equipment,” and for battery energy storage systems (BESS) attached to the power grid.…

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The POWER Interview: Climate Change and Renewable Energy in 2021

January 31, 2021
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The post The POWER Interview: Climate Change and Renewable Energy in 2021 appeared first on POWER Magazine.

With the start of a new year comes new year resolutions, new campaigns, new administrations, new policy goals, and new initiatives. To kick off 2021, POWER talked with Jens Wolf, vice president and general manager of Europe at Enviva, a renewable energy company and the world’s largest producer of industrial wood pellets.

Wolf has more than 20 years of experience working across the value chain within the power, heat, and biomass industries, and has expertise in renewable energy, sustainability, and new market development. From his office in the UK, he works with customers, regulators, policy-makers and external stakeholders to grow his company’s market and customer footprint, and expand the use of its sustainable wood biomass product across Europe.

Jens Wolf

Wolf previously was the commercial director for Drax, where he was responsible for the development, logistics, trading, and sourcing of biomass on behalf of the company. Prior…

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The POWER Interview: Evaluating Energy Investments

January 9, 2021
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The post The POWER Interview: Evaluating Energy Investments appeared first on POWER Magazine.

Global upheaval in energy markets has been exacerbated by the coronavirus pandemic, and by ever-changing political winds, with energy investors at times torn between finding the best returns while also considering the impact of climate change.

Many economies depend on fossil fuels, so moves away from coal-fired power and other forms of thermal generation can have large economic consequences. There also have been concerns about maintaining reliable—and resilient—supplies of electricity as baseload power sources are shuttered and retired. Governments setting carbon-neutral and other climate goals must consider the importance of providing reliable power to national, state and provincial, and local regions, while minimizing economic impacts. 

Shilpa Kokate

Several analysts who have spoken to POWER in the past year have discussed the balancing act facing investors, including many of the world’s largest banks and financial institutions, when it comes to performing fiduciary duties for their clients while at the same time pursuing environmental, social, and governance (ESG) strategies.…

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How to Plan a Successful Energy Construction Project

November 13, 2020
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The post How to Plan a Successful Energy Construction Project appeared first on POWER Magazine.

construction

These Ten Steps May Help Power Companies Avoid Headaches, Delays, Higher Costs, and Legal Complications

Jacqueline Greenberg Vogt, Esq. and Robert C. Epstein, Esq.

The International Energy Agency projects the rapid growth of renewables, with solar at the center of this new constellation of electricity generation technologies. Hydropower remains the largest renewable source of electricity, but solar is the main driver of growth as it sets new records for deployment each year after 2022, followed by onshore and offshore wind.

Construction projects in the U.S. and throughout the world will be necessary as the pace of change in the electricity sector puts an additional premium on robust grids and other sources of flexibility. Storage plays an increasingly vital role in ensuring the flexible operation of power systems, with India becoming the largest market for utility-scale battery storage, and new construction projects are necessary to support that growth.…

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