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Category: energy – Page 169

With the war in Ukraine raging and gas and energy prices climbing across world markets, there is one piece of good news for European energy markets.

Economists from Poland’s state Pekao bank are reporting a large reduction on the price of CO2 emission certificates. The prices have fallen dramatically from €95 to €62 per ton. This is especially good for countries like Poland, which are forced to pay a premium for energy derived from “dirty” sources like coal. The fall in the price of this “tax” is expected to make the cost of energy especially more bearable for many of Europe’s poorer nations.

The CEO of Poland’s Development Fund, Paweł Borys, also commented on the issue on Twitter. “It is significant how CO2 prices have collapsed, falling by 30 percent since they peaked in February. This is good news, as it means that electricity prices may fall, thereby reducing inflationary pressure that have been exacerbated by hikes in oil and food prices.”

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A global hunt for spare barrels of crude is underway as sanctions slam Russia, the world’s second largest exporter, following its invasion of Ukraine.

But don’t expect Saudi Arabia to step in to fill the gap, at least for now.

What’s happening: The kingdom could help ease global oil prices, which have spiked to their highest level since 2014. Saudi Arabia has the capacity to raise production by 2 million barrels per day, according to Claudio Galimberti, senior vice president of analysis at Rystad Energy.

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Nikola Tesla’s vision of the world is about to become reality.

#engineering

Wireless electricity is a 100-year-old dream that just might turn into reality in the coming years. The advent of wireless charging, electric vehicles, 5G, and the need for greater sustainability have led to a push for the development of fully operational wireless transmission technology in different parts of the world.

Continue reading “Tesla Said It Was Possible, Now Wireless Electricity Is Finally Becoming Reality” | >

The material could replace rare metals and lead to more economical production of carbon-neutral fuels.

An electrochemical reaction that splits apart water molecules to produce oxygen is at the heart of multiple approaches aiming to produce alternative fuels for transportation. But this reaction has to be facilitated by a catalyst material, and today’s versions require the use of rare and expensive elements such as iridium, limiting the potential of such fuel production.

Now, researchers at MIT and elsewhere have developed an entirely new type of catalyst material, called a metal hydroxide-organic framework (MHOF), which is made of inexpensive and abundant components. The family of materials allows engineers to precisely tune the catalyst’s structure and composition to the needs of a particular chemical process, and it can then match or exceed the performance of conventional, more expensive catalysts.

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“Aside from vastly expanding the geographic coverage of this energy source, the sheer feat of engineering involved deserves a mention. Until now, the deepest artificial point on Earth has been the Kola Superdeep Borehole in Russia. That Soviet-era project reached 12,262 metres (40,230 ft) below ground. Quaise would smash that record if achieving the full potential of 20,000 metres (65,600 ft).” https://www.futuretimeline.net/blog/2022/02/28-geothermal-en…nology.htm

A new drilling technology able to reach depths of 20 km could enable geothermal power to be accessed almost anywhere in the world.

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