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Archive for the ‘energy’ category: Page 89

May 26, 2023

Hyundai Motor Group, LG Energy to build $4.3 billion EV battery plant in US

Posted by in categories: energy, policy, sustainability, transportation

Biden’s energy policy is paying off big time.


SEOUL, May 26 (Reuters) — South Korea’s Hyundai Motor Group and LG Energy Solution Ltd (LGES) (373220.KS) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits.

Manufacturers must adhere to new U.S. sourcing requirements for EV battery components and critical minerals so that buyers of their vehicles can qualify for up to $7,500 in tax credits under the Inflation Reduction Act (IRA).

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May 25, 2023

Salt-Based Battery Could Unleash Cleaner Energy for Electric Cars

Posted by in categories: energy, sustainability, transportation

Researchers from the UK and China developed a greener battery than the lithium-ion alternative.

May 24, 2023

Gaia: Asia’s largest wooden building sets new sustainable standard in Singapore

Posted by in categories: business, energy, sustainability

It is fireproof and produces 2,500 fewer tonnes of CO2 in comparison to traditional buildings.

Singapore is now home to the largest wooden building in Asia. Named after the Greek goddess of Earth, Gaia is a 6-story structure inside the Nanyang Technological University (NTU) in Singapore. Students and the Nanyang Business School faculty will use the 43,500m square-meter facility.

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May 23, 2023

Warren Buffett’s hand-picked successor will have big shoes to fill in someday replacing the 92-year-old investing icon: ‘He’s not going to screw this up’

Posted by in categories: business, energy

Many investors worry about the future of Berkshire Hathaway after its legendary CEO Warren Buffett is gone, but most of the conglomerate’s companies have already made the transition to reporting to the man who will eventually replace the 92-year-old.

Buffett himself and executives at Berkshire Hathaway companies like See’s Candy and Dairy Queen say they don’t have any qualms about Vice Chairman Greg Abel’s ability to lead the conglomerate. Abel already oversees all of Berkshire’s noninsurance businesses. So the main parts of the CEO job he’s not already doing are overseeing the insurance side of the company and deciding how to invest Berkshire’s nearly $131 billion in cash.

Buffett reassured investors at Saturday’s annual meeting that he believes Abel is the right man for the job and that he does know how to allocate capital following the same model Buffett uses even if he’s not making those spending decisions now. Plus, Abel did help oversee a number of large acquisitions at Berkshire’s utility unit that he led from 2008 until 2018, including the purchases of NV Energy in Nevada for $5.6 billion and Canadian power transmission firm Altalink for nearly $3 billion.

May 20, 2023

Wireless power demonstration overcomes a major hurdle

Posted by in categories: energy, internet

Wireless power would be worth the hype if it were widespread — modern life is burdened by a tangle of power cables and an endless hunt for plugs. But despite its potential, wireless power technology is still limited by range.

But Ericsson and PowerLight Technologies have made one dramatic form of wireless power, called optical beaming, work in a proof-of-concept experiment. Their demonstration showed that laser delivery of power to a portable 5G base station could be just around the corner.

The promise of wireless power: Wireless power is straight out of a sci-fi film: electrical power transmitted from place to place through a vacuum or the air. There is no need for wires, poles, outlets, or those pesky USB cubes, which are always lost when you need them most.

May 17, 2023

Exciting battery technology breakthrough announced

Posted by in categories: energy, sustainability, transportation

CATL, a Chinese battery manufacturer, has created a condensed battery that it says could help power electric aircraft while meeting the required safety and energy standards.

The company claims the battery’s energy density is 500 watt-hours per kilogram, making it much more robust than it looks. This means that the battery can push out more power from a lighter component than the current options.

The belief is that condensed batteries will open the door to improved power systems for both electric cars and even the aviation field. Finding more efficient ways to handle power generation while also remaining lightweight is essential for both these fields, especially as electric cars try to offer longer ranges.

May 16, 2023

Researchers develop a paper-thin loudspeaker

Posted by in category: energy

The flexible, thin-film device has the potential to make any surface into a low-power, high-quality audio source.

May 12, 2023

Canada’s largest oilsands companies being investigated over allegations they made false environmental claims

Posted by in categories: business, energy, government

Canada’s largest oilsands companies under the umbrella of the Pathways Alliance are accused of greenwashing and making false environmental claims. via @torontostar


Greenpeace Canada alleges the consortium’s ad campaign, “Let’s clear the air,” is greenwashing — when a company makes false or misleading claims about the environmental attributes of their business.

“Our request to the Competition Bureau regarding the Pathways Alliance’s misleading ad campaign was accepted and has set off an official inquiry into the dubious advertising practices of the Pathways Alliance,” Greenpeace Canada’s senior researcher and writer, Nola Poirier, said in a statement. “We think the public deserves to be told the truth about the environmental harm caused by fossil fuel production, not fed misleading sound bites by industry.”

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May 12, 2023

Helion Energy will provide Microsoft with fusion power starting in 2028

Posted by in categories: energy, futurism

Helion, the clean energy company with its eye firmly on the fusion prize, announced a couple of years ago that it had secured $2.2 billion of funding to help it develop cleaner, safer energy at a commercial scale in November 2021. Today, it is starting to reap the fruits of its labor, announcing an agreement to provide Microsoft with electricity from its first fusion power plant, with Constellation serving as the power marketer and managing the transmission for the project.

Fusion has been the energy goal for over 60 years, as it produces next to no waste or radioactivity while processing and is far less risky than fission. But achieving the same process that occurs in stars has proved mighty difficult to contain, with it taking more energy to keep the reaction under control than it can generate. Progress has been slow and steady, with the potential rewards keeping companies such as Helion focused on the reaction. Helion has been working on its fusion technology for over a decade. To date, it has built six working prototypes and it expects its seventh prototype to demonstrate the ability to produce energy in 2024.

With this in mind, Helion’s plant is expected to be online by 2028 and has a power generation target of 50MW, or greater, with a one-year ramp-up period. While that might seem a long way into the future still, it’s significantly sooner than the projections had suggested.

May 11, 2023

Interdependent superconducting networks

Posted by in categories: economics, energy, internet, physics

In 2010 Prof. Shlomo Havlin and collaborators published an article in the journal Nature proposing that the abrupt electricity failure causing the famous 2003 Italy blackout was a consequence of the inter-dependency of two networks. According to Havlin’s theory the dependency between the power network and its communication system led to cascading failures and abrupt collapse. Havlin’s seminal work ignited a new field in statistical physics known as “network of networks” or “interdependent networks” and paved the way for understanding and predicting the effects of the interaction between networks.

The main novelty of Havlin’s model is the existence of two types of links that represent two qualitatively different kinds of interactions. Within networks, links between nodes describe connectivity such as or communication connections. Between networks, on the other hand, links describe dependency relationships in which the functionality of a node in one network depends on the functionality of a node in the other. The communication hubs need electricity and the electric power stations depend on communication control. This dependency leads to a cascading effect in which failure of a single node in one of the networks could lead to an abrupt breakdown of both networks.

Over the past decade or so since, Havlin, from the Department of Physics at Bar-Ilan University in Israel, and others have applied this concept to a variety of abstract systems, such as the internet, road traffic, the economy, infrastructure, and more. But being a theorist, Havlin was unable to manifest the hypothesis on real experimental physical systems and thus the theory couldn’t be confirmed in controlled experiments, nor could it be implemented for device-type applications.

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