According to BP's CEO, the fossil fuel consumption peak is now!

As presented earlier this week by Bernard Looney (B.P. CEO) , we may have reached the liquid oil consumption peak this year. This can be explained by soaring energy demand amid COVID-19 scars, subsequent fossil fuel frozen investments and by increasing renewable energy production capacity at a higher rate than total world energy demand increase.

This is the first time a Major oil company integrate officially this trend in it's long term strategic plan, and shift radically from the "business as usual" model.

Full article can be read here

Good news on energy side! Unfortunately, COVID-19 pandemic has disastrous effect on hundred millions inhabitants, especially the poorest ones.

Comments

Carbon Sources & Sinks

By not distinguishing between a fact and an opinion, by dint of confusing orders of magnitude and time scales, I wanted to find the large masses of carbon production and carbon sinks and share them here. We have included in the site under the "fact" tab the data we found in "the Project Drawdown - March 2020" and which states, by order of magnitude: Carbon sources 1. Electricity production : 25% 2. Cultivation & agriculture : 24% 3. Industry : 21% 4. Transportation : 14% 5. Building : 6% 6. Rest : 10% Carbon sinks 1. Land : 24% 2. The oceans : 17% 3. The Atmosphere : 59% What about taking another source: the book of Bill Gates, "How to avoid a

Hydrogen fuel cartridge .. let's power bikes ?

As "green" hydrogen production and storage has become an EU green deal central strategic axis, more and more innovative solutions emerge from academic and industrial players. Early this month, the Fraunhofer institute published an article presenting a prototype of what we can call "hydrogen power paste": hydrogen power paste (source : Fraunhofer institute) The principle behind is to create a magnesium hydride paste (whereas a high quantity of hydrogen is stored). When water is added to the mix, hydrogen gas is produced and can be used in a fuel cell to create electricity. In the previously published article describing hydrogen fuel principles and applications, we mentioned that this H2 energy source was particularly suited for heavy transportation such as trains, trucks, or boats. This power paste concept is particularly interesting for light mobility or applications where there are no refill stations neither H2 storage tanks easily available. One can think of Hyd

3, 2, 1, ZERO Waste!!! A company and a city in California, the perfect match to save the planet by making waste more valuable than ever. Solena Group and Lancaster City are embarking on the production of greener-than-green hydrogen and will transform Lancaster City into the alternative energy capital of the world. The Lancaster plant will be ready to produce 11,000 kg per day. Working 24/7, 8,000 hours a year, the facility will be able to supply 3.8 million kg, the equivalent of 3,800 tons of green hydrogen per year. This project will allow the Lancaster facility to become three times larger than any other green hydrogen supplier already in existence and with the advantage of using a method that will allow having clean hydrogen without going through methods that will increase the final price. The primary material, which is waste, will be provided by the City of Lancaster. This project will allow the company to produce clean hydrogen from 40,000 tons of waste per year and will s

Bay2Bay

Search This Blog