Energy
COVID-19 Forcing Petrochemical Leaders to Rethink Industry’s Future
Petrochemical industry leaders and financial investors need to update their strategic agendas and focus on recovery scenarios, regionalized supply chains, and capital productivity. That is, if they want to minimize the negative impact of the coronavirus pandemic on the industry, according to McKinsey & Company. In a recent analysis, the global consulting firm wrote that slowing…
Is Solar Power Industry Breakthrough Close?
Sheikh Zaki Yamani, a former oil minister for Saudi Arabia, once observed that the end of the oil age was near. Close to two decades later, the world seems to be as addicted to the ‘black gold’ as during the oil embargo of the ‘70s. Interestingly, the threat of a “cataclysmic crash in the price of oil,”…
Green hydrogen Role in Global Energy Transformation
Green hydrogen has surfaced as a potential alternative to fossil fuels with nations as Australia, the largest exporter of natural gas, taking steps towards developing this yet controversial source of energy. The switch to a hydrogen economy could be challenging. To get an in-depth understanding of the most abundant element in the universe, hydrogen, we…
Renewable Energy Holds Huge Potential to Replace Fossil Fuels. Here Is a Breakdown of the Industry.
The year 2019 has experienced vicious wildfires in California, Australia, and many parts of the world. In California, experts warn that there is a threat of more fires going forward due to warming climate. On the other hand, the wildfires in Queensland and New South Wales in Australia have been blamed on an abnormally long drought season. Interestingly,…
No Light at the end of the Tunnel: Venezuela’s Electric System Crisis
MARACAIBO, Venezuela (ViaNews) – One of the most recent consequences of the Venezuelan crisis has been the total collapse of the national electrical system. Venezuela’s power system had presented serious issues from time to time in the past due to lack of maintenance but this year has been, by far, the worst. “Electrical system in…
Argentina: Power Grid Becomes Digital With First 5000 Smart Meters Installed in Buenos Aires
MONTEVIDEO, Uruguay (ViaNews) – Smart meters are devices that measure the energy consumption digitally. The digital energy technology is well known in Europe and giving its first steps in Argentina. The Enel Group, through its Argentinian subsidiary, Edesur, has launched its most ambitious plan to date in the country. The pilot plan consists in having…
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