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The Charging Station - Issue No. 8
Length: 432 words, time to read: 2 minutes
Let’s get to this week’s most interesting energy news.
2035 - Saudi Aramco used a forecast in its IPO prospectus from industry consultant IHS Markit Ltd. that predicts oil demand will peak around 2035. In an accompanying chart, the Saudi oil giant showed global oil demand lower in 2045 than in 2040. (Bloomberg)
$1,000,000- The amount of funding Bill Gates-backed TerraPower received to work on an emissions free process that turns coal into carbon fiber. (GeekWire)
12,000 - In 2019, so far, Florida Power and Light has covered more than 12,000 miles with drones for repairing and maintaining overhead power lines, more than 3X the miles covered in 2018. (GovTech)
Our Latest Post
No new post this week, but highlighting an old post that hasn’t appeared in the newsletter yet:
How grid modernization effects us all - Most of the arguments against grid modernization have been some form of “this will result in higher rates for the consumer.” Yet, this leaves out very important counterpoints like what can grid modernization do for consumption? what can it do for public health? See: PG&E
Power Sector’s Digitization Accelerates - The pace at which new digitalization technologies are being adopted in the power sector is dizzying, but news from major players suggests it will only accelerate. (PowerMag)
Capacity Markets a Barrier to Cutting Emissions - The introduction of capacity markets has a skewed effect on investment in the electricity sector, disproportionately rewarding fossil fuel generators at the expense of renewables, a new research paper has argued. (Renew Economy)
This Week’s Non-Energy Related Read
The Seductive Path of Good Enough - So much of success is just showing up day after day and grinding away at the hard parts in a deep and focused way. However simple that sounds, it’s not easy. And that’s why most of us struggle to get better.
This newsletter is our side-hustle. We hope it equips you with data and insights on the energy sector to inform your decision-making process in the best way possible. If you have feedback, let us know!
Enjoy the rest of your weekend!
The Charging Station
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