Category Archives: Energy

Legal Protocols, Lack of Funding Stall Geothermal Development in Indonesia

#Jakarta. Despite #Indonesia already having several plants and government plans to develop the #Geothermal industry, progress has been stalled by legal protocols and a lack of funding, the #WorldBank says.

Read more at: http://jakartaglobe.beritasatu.com/business/legal-protocols-lack-funding-stall-geothermal-development-indonesia/

3 New Technologies Shaping General Electric Company’s Future

GE-HA Turbine

Three new technologies
The three technologies in question are industrial gas turbines, aircraft engines, and locomotives, and investors hope orders expand as planned. A  brief look at them:

  • CFM International’s (a joint venture between General Electric and France’s Snecma) LEAP aircraft engine is rapidly expanding sales on the Airbus A320neo and Boeing 737 MAX.
  • The new HA gas turbine already has 16 units in backlog and could expand orders as the first turbines are delivered and put into service this year.
  • GE’s Evolution Series Tier 4 Locomotive is the first to meet federal Tier 4 regulations (a tighter set of emissions standards) as already in production in 2015.

Management recently estimated that LEAP would generate $200 billion in sales over its lifetime, while the HA turbine is forecast to bring in $100 billion and the Tier 4 locomotive about $40 billion. To put these figures into context, the total company backlog stood at $263 billion at the end of the first quarter. 3

Read more at: http://www.fool.com/investing/general/2015/07/02/general-electric-company.aspx

US Gov’t offers $20 million to projects aimed at recovering rare earths from coal

US Gov’t offers $20 million to projects aimed at recovering rare earths from coalThe US Department of Energy (DOE) has set aside about $20 million to fund projects aimed to quickly develop bench scale and pilot scale plans for recovering Rare Earth Elements (REE) from coal and coal by-products.

Last year, the National Energy Technology Laboratory (NETL) begun investigating the economic feasibility of recovering the coveted elements — used as ingredients in magnets, batteries, catalytic converters and high-tech products—from coal.

Read more at: http://www.mining.com/us-govt-offers-20-million-to-projects-aimed-at-recovering-rare-earths-from-coal/

Canada picks engineering group to operate nuclear labs

AECL

Ottawa says it has completed a multi-year restructuring of Canada’s nuclear operations with the selection of a preferred bidder to operate a nuclear laboratory in eastern Ontario that is one of the world’s largest producers of medical isotopes.

Canadian National Energy Alliance was chosen Friday over three other engineering groups to manage and operate Canadian Nuclear Laboratories (CNL), a subsidiary of Atomic Energy of Canada Ltd.

The consortium includes SNC-Lavalin, CH2M HILL Canada Ltd., Fluor Government Group Canada Inc., Energy Solutions Canada Group Ltd. and Rolls-Royce Civil Nuclear Canada Ltd.

Read more at: http://www.theglobeandmail.com/report-on-business/canada-picks-engineering-group-to-operate-nuclear-labs/article25130863/

Obama To Launch $4 Billion Clean Energy Initiative

A coalition of companies are working to increase private and public investments, with Goldman Sachs committing $500 million and the Sierra Club promising $4 million for climate control solutions.

Read more at: http://www.talkradionews.com/top-stories/2015/06/16/obama-to-launch-4-billion-clean-energy-initiative.html#.VYBZie_bKUl

BHP Billiton gets tough as prices stay low

Commodity prices are depressed, but cut-throat manoeuvres may keep the mining firm competitive

Mining juggernaut BHP Billiton is determined to put a brave face on a situation in which commodity prices could stay low for a prolonged period. The £73 billion business is adapting to lower metal and energy prices by streamlining operations, rethinking growth projects and driving through cost efficiencies.

Read more: http://www.theweek.co.uk/63921/bhp-billiton-gets-tough-as-prices-stay-low#ixzz3cYx3AWCd

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