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Four of the world’s top carmakers have agreed to invest in thousands of fast-charging sites across Europe to boost mainstream acceptance of electric cars, the companies said on Tuesday.

Spurred by the success of U.S. rival Tesla, which has received huge pre-orders for its Model 3 car, German rivals Volkswagen, Daimler’s Mercedes, BMW an Ford Motor Co’s European division have entered a joint venture to develop 400 charging stations.

Overcoming “range anxiety,” the fear of running out of power before reaching a charging station, is key to widespread consumer acceptance of electric vehicles, which so far have filled only a niche market.

Figures on the total investment were not released.

A memorandum of understanding for the JV was reached late last week.

Government regulators have also been pushing electric vehicle infrastructure projects.

In the United States, it remains to be seen how an administration of Donald Trump will embrace such projects. The White House earlier this month, and a week before the presidential election, announced efforts to spur development of EV charging infrastructure.

After the German government agreed to help the auto industry with electric car subsidies, pressure has built for Germany’s carmakers to accelerate the development and rollout of electric car infrastructure.

German Economics Minister Sigmar Gabriel, a potential challenger to Angela Merkel in 2017, has called for Germany to become a leader in electric vehicle technology.

Electric vehicle infrastructure will also get a boost from Volkswagen’s diesel emissions settlement, which calls for investment in EVs, and Daimler recently announced investing 10 billion euros ($11 billion) in EVs.

Scarce charging points, as well as higher prices for electric cars compared with combustion models, have stifled mass-market demand despite sales incentives that often include government assistance.

“The availability of high-power stations allows long-distance electric mobility for the first time and will convince more and more customers to opt for an electric vehicle,” Daimler Chief Executive Dieter Zetsche said.

A goal is to make charging an electric vehicle as convenient as refuelling at conventional gas stations, the automakers said in a statement issued on Tuesday.

Executives across the industry predict electric cars will become increasingly popular due to advances that make batteries cheaper and more powerful. Also, the VW emissions scandal has sparked a regulatory backlash against diesel-engine vehicles.

Diesel-powered vehicles accounted for 52 percent of new passenger cars sold in Europe last year, although they are a small fragment of the U.S. market.

The joint venture, which is open to other automakers, is to fund the establishment of charging sites beginning in the first quarter of 2017, the carmakers said.

After reaching the initial goal of about 400 charging sites along major highways in Europe, the group aims to have “thousands of high-powered charging points” on the continent by 2020, the statement said.

The JV is to include Volkswagen’s Audi and Porsche brands.

A Ford spokeswoman in the United States, Angie Kozleski, said the JV is in discussions with power generation providers but is not ready to announce which company or companies will supply electricity to the charging stations.

The initial focus of the JV, Ford’s Kozleski said, “will be building the network in Europe and the joint venture will decide on possible expansion, based on market insights, when it is appropriate.”

She would not comment on Ford or other automakers’ efforts to develop charging networks in the United States or Asia.

In September, ChargePoint Inc, the world’s largest electric vehicle charging network, said the U.S. divisions of Volkswagen and BMW are collaborating on charging networks on the two U.S. coasts.

The European network will be based on so-called combined charging system technology, enhancing existing AC and DC charging standards and allowing for ultra-fast power levels of up to 350 kilowatt-hours.

Originally reported by the Reuters.

Remember, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialised units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries or to Request a Personal Quote Feel Free to Contact :

Mr. Francis Thomas Matthews,
Deputy Global Director, No. 8
Marketing Research & Development Division,
Email : deputy.gd.8@cwiilgroup.eu
Voice : +45.8176.1924
Connect : LinkedIn I Twitter I Facebook I Tumblr

For Queries Specific to the EU Region :
Email : eu@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
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Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

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For six months until September, more electricity came from sunlight than coal-fired power stations.

solarsussex

Solar panels generated more electricity than coal in the past six months in a historic year for getting energy from the sun in the UK, according to a new analysis.

Research by the Carbon Brief website found that solar generated nearly 7,000 gigawatt hours of electricity between April and September, about 10 per cent more than the 6,300GwH produced by coal during the same period.

The figures represent a dramatic turnaround in the UK’s electricity supplies.

The first ever day when solar produced more than coal was only on 9 April – when there was no coal-fired electricity for the first time since 1882. But then May became the first ever month when this happened.

Solar capacity nearly doubled in 2015, but has been hit hard by cuts to Government support, which is currently needed to persuade investors to build any kind of power generation, including fossil fuels.

James Court, head of policy at the Renewable Energy Association, said: “Solar overtaking coal this summer would have been largely unthinkable five years ago.

“This new data shows its popularity amongst homeowners and businesses and its falling costs. Now that we have a significant global and domestic industry, solar is one of the cheapest forms of power.

“Government policy stability is critical, however. Solar PV deployment in August 2016 was one third of what it was in August 2015 due to the sudden and severe changes to policy in the past year.”

The trend is unlikely to continue. Because there is less sunlight and a rise in demand for heating and lighting during the winter months, coal will once again overtake solar.

However scientists have recently been working on using a novel technology to store energy from the summer sun until it is needed in the winter.

And energy storage systems, which solve potential intermittency problems with some renewable generators, have been increasing.

“The role for solar is significantly expanding as we develop complementary energy storage technologies, but we need government support to continue to achieve its potential,” Mr Court said.

A report by the Renewable Energy Association found there were now 35 grid-scale electricity storage projects and at least 1,500 residential ones, totalling about 3.2GW.

These include hydro schemes, where electricity can be used to pump water uphill so that it can be used to drive turbines when needed.

Gluts of renewable electricity can cause prices to go very low or even negative, which happened in Germany among other countries.

The latter scenario means those with storage capacity can make money twice: once when they are paid to take electricity from the grid and again when the electricity is used at a time when electricity prices turn positive again.

Frank Gordon, a senior policy analyst at the Renewable Energy Association, said: “Energy storage has great potential in the UK, and can unlock billions worth of savings according to the Government’s advisers.

“Our research indicates that there are multiple gigawatts of capacity that are being proposed or are ready to be developed, but a joined-up and supportive policy structure is critically needed.”

The Government announced last year that it planned to phase out what it called “unabated” coal-fired power stations by 2025.

This suggests emissions would need to be at least partially “abated” or reduced by that date. The Government has not said what level would be allowed.

Juliet Davenport, chief executive of renewable energy supplier Good Energy, said: “Renewable energy has been an unbelievable success story in the UK and around the globe.

“When I started my company 15 years ago, you could fit the whole UK renewable energy industry into a small room, and now nearly 25 per cent of the UK’s power comes from renewables.

“We’ve also seen a renewable revolution on people’s rooftops with more than 750,000 UK homes generating their own energy from the sun.

“As clean technology advances, Britain is bidding farewell to coal. The transition to a 100 per cent renewable future is within Britain’s grasp.”

Originally reported by The Independent.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries or to Request a Personal Quote Feel Free to Contact :

Mr. Francis Thomas Matthews,
Deputy Global Director, No. 8
Marketing Research & Development Division,
Email : deputy.gd.8@cwiilgroup.eu
Voice : +45.8176.1924
Connect : LinkedIn I Twitter I Facebook I Tumblr

For Queries Specific to the EU Region :
Email : eu@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

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