Surplus fossil fuels expected to exceed carbon budget

See on Scoop.itGreen & Sustainable News

It won’t be difficult to blow by the 1-trillion ton threshold based on the amount of fossil fuels still in the ground. As Amy Myers Jaffe remarks, “scarcity will not be the force driving a shift to alternative energy. Climate and energy policy initiatives will have to take into consideration the possibility of oil and gas surpluses and lower fossil fuel prices.”

Duane Tilden‘s insight:

>The lesson here is that the economics are still in favor of producing fossil fuels. The cyclical nature of energy prices suggests that higher prices will spur development of technologies to reach more difficult energy deposits. This doesn’t mean that oil and natural gas prices will be low for the rest of time, but it does reflect how high energy prices in the 2000s led not only to funding and research in alternative fuels (particularly biofuels), but also in oil and gas technologies. This investment coupled with decades of U.S. government and academic research proved fruitful with the combination of horizontal drilling and hydraulic fracturing becoming a deployable technology.

We have now entered a period of energy surplus where we produce energy from “unconventional sources” using technological breakthroughs like horizontal drilling and hydraulic fracturing in places like North Dakota, south Texas, Lousiana, and Pennsylvannia. (and soon to be California?).<

See on blogs.scientificamerican.com

Government Shutdown Damages U.S. Energy Innovation

See on Scoop.itGreen & Sustainable News

The federal government has officially shutdown as of midnight, October 1st 2013 due to Congress’s failure to pass a budget. The 2013 fiscal year ends on September 30th and the government required a new budget to continue operations.

See on www.renewableenergyworld.com

UK renewables Power Production at record rate

See on Scoop.itGreen & Sustainable News

Statistics published today by the Department of Energy and Climate Change (DECC) showed that the amount of electricity generated from renewable energy sources in the UK reached a new record high of 15.5% of total electricity generation in the…

Duane Tilden‘s insight:

>Generation from onshore wind was up 70% on the same time last year, while offshore wind showed an increase of 51%, due to increased capacity onshore and offshore, as well as high wind speeds, according to DECC. Nearly half of the total generation from renewables came from wind (48%).

 “This confirms what we have been seeing for some time, which is renewables steadily becoming more important in meeting our electricity needs, and wind being responsible for the lion’s share of the progress,” said Maf Smith, deputy chief executive of RenewableUK. “That this period coincided with one of the coldest Springs on record means that wind was providing this power at a crucial time.<

See on www.renewableenergyfocus.com

Virtual Power Plants: A New Paradigm in aggregating Power Production & Utilities

See on Scoop.itGreen Energy Technologies & Development

Today’s global energy market is in the midst of a paradigm shift, from a model dominated by large centralized power plants owned by big utilities to a mixed bag of so-called distributed energy generation facilities — smaller residential, commercial…

Duane Tilden‘s insight:

>Virtual Power Plants

One distributed generation technology with significant growth potential is the virtual power plant (VPP). In the VPP model an energy aggregator gathers a portfolio of smaller generators and operates them as a unified and flexible resource on the energy market or sells their power as system reserve.

VPPs are designed to maximize asset owners’ profits while also balancing the grid. They can match load fluctuations through forecasting, advance metering and computerized control, and can perform real-time optimization of energy resources.

"Virtual power plants essentially represent an ‘Internet of Energy,’ tapping existing grid networks to tailor electricity supply and demand services for a customer," said Navigant senior analyst Peter Asmus in a market report. The VPP market will grow from less than US $1 billion per year in 2013 to $3.6 billion per year by 2020, according to Navigant’s research — and one reason is that with more variable renewables on the grid flexibility and demand response are becoming more crucial.

Asmus called VPPs "an ideal optimization platform for the coming transformation of the power grid," adding that both supply and demand flexibility will be increasingly necessary to accommodate fast ramping periods and address corresponding supply forecast errors.<

 

See on www.renewableenergyworld.com

Completion of a Clean Energy Storage Project in British Columbia

See on Scoop.itGreen Energy Technologies & Development

FIELD, B.C. — David Wilks, Member of Parliament for Kootenay–Columbia, on behalf of the Honourable Joe Oliver, Canada’s Minister of Natural Resources, today attended a ribbon-cutting ceremony to mark the completion of a clean energy storage project.

 

Duane Tilden‘s insight:

>The Government of Canada’s Clean Energy Fund and BC Hydro each provided $6.5 million for this new one-megawatt battery unit. This facility is the first of its kind in Canada and will help provide a reliable supply of energy to the community of Field. The unit will store clean energy produced by BC Hydro that can be used to help meet the area’s electricity needs in the event of a power outage and reduce system load during peak demand periods. Ultimately, this will reduce the costs and environmental impact compared with other options such as diesel-generated power.<

 

See on www.nrcan.gc.ca