Energy Efficiency

Saudi Aramco Wants To Stop Time, Slow Tesla & Electric Vehicle Progress Via More Efficient…

Big Oil isn’t ready to cede the automotive market to companies like Tesla. After all, vehicle electrification poses a potential threat to their business. Just how serious is that threat? Wood Mackenzie, one of the world’s most influential oil consultancies, forecasts (via Financial Times) that oil demand will peak within 20 years due to a “tectonic” shift in the transport sector as electric vehicles gain traction.

Where Are New Grid Tech Investments Going?

On July 24, Mercom Capital Group (MCG) released its “Q2 2018 Battery Storage, Smart Grid and Efficiency Funding and M&A Report.” The report is available online, though it is a bit pricey at $299 to $499.

Mercom Capital Group is a highly regarded clean energy consulting firm with worldwide influence. Its new report provides a picture of mergers and acquisitions (M&A) and other funding that took place during the second quarter in the fields of battery storage, smart grid, and energy efficiency.

Global Energy Spending Totaled $1.8 Trillion In 2017 As Clean Energy Investment Dropped 3%

Total global energy investment fell by 2% in 2017, totaling $1.8 billion according to the International Energy Agency’s World Energy Investment 2018 report which was published this week, which also showed $750 billion was spent on the electricity sector, compared to only $715 billion on oil & gas supply, while investment in renewables and energy efficiency fell by 3%.