Tag: Energy

Posted on by

Russia Takes Second Place in Petroleum Exports to U.S.

According to the U.S. Energy Information Administration (EIA), Russia ranked second in total petroleum shipments to the United States in May 2021, with record-breaking deliveries totaling 26.17 million barrels.
The previous high was achieved in May 2009, when Russia shipped 25.08 million barrels of crude oil and petrochemicals to the United States, TASS reports.

With 125.75 million barrels sent to the United States in May, Canada leads the list of petroleum exporters to the United States, followed by Mexico (22.56 mln barrels).
The majority of Russian petroleum products are sent to the United States. Crude oil exports totaled barely 8.6 million barrels, yet this is the …

Read More

Posted on by

Tesla’s solar and energy storage business rakes in $810M, finally exceeds cost of revenue

Tesla’s primary source of revenue comes from the sale of its electric vehicles, but its latest quarterly earnings report showed growth in its energy storage and solar business.
The demand picture will get even sunnier for the division if the company can access enough chips for its energy storage products, according to Tesla CEO Elon Musk.
Tesla on Monday reported $801 million in revenue from its energy generation and storage business — which includes three main products: solar, its Powerwall storage device for homes and businesses, and its utility storage unit Megapack — but that’s just a sliver of the nearly $12 …

Read More

Posted on by

Russian Diplomat: Moscow Has Never Used Energy as a “Weapon”

Moscow has never used energy as a “weapon” or a tool of pressure, and the manner of the Nord Stream 2 deal between Germany and the US is unacceptable, Russian Ambassador to Germany Sergey Nechaev said on Thursday.
“We are quite shocked by the substance and tone of the Joint Statement of the United States and Germany on Support for Ukraine, European Energy Security, and our Climate Goals,” the diplomat told TASS.

“Threats have been made to ‘punish’ our nation for utilizing energy as a ‘weapon’ by imposing further sanctions and employing ‘other tools.’ In reality, an ultimatum has been issued …

Read More

Posted on by

Kremlin Not Familiar with Specifics about U.S.-Germany Deal on Nord Stream 2

Image credit: EPA
Chancellor Angela Merkel and U.S. President Donald Trump struck a firm agreement on the Nord Stream 2 gas pipeline during Merkel’s visit to the U.S., but the specifics are still undisclosed to the Kremlin, according to Presidential Spokesperson Dmitry Peskov, as reported by TASS.
The Wall Street Journal earlier claimed, citing sources, that the US and Germany might announce a Nord Stream 2 agreement as early as July 21.

The American government, according to the publication, will abandon its opposition to the gas pipeline proposal. Simultaneously, Germany will pledge to assist Ukraine with energy projects and diplomacy.







…

Read More

Posted on by

Leap, a ‘social learning’ platform aimed at over 55s, raises a $3.1M seed round

Leap, a platform for people over 55 to learn via social interaction, has raised $3.1 million in a seed round led by European early-stage investor Creandum and SF-based South Park Commons. Also participating was Learn Start/Learn Capital, alongside angels Michelle Kennedy (Peanut founder), Sahil Lavingia and Tim Tuttle.
Leap members gather online to collectively “learn, connect and grow together,” says the company, via small online groups built around shared interests. Users connect over audio and video, in groups of between five and 10. The current beta features conversations and classes hosted by specially recruited members.
Leap was founded by Swedish entrepreneur Caroline …

Read More

Posted on by

Gazprom to Continue Investments in Serbia

Gazprom Neft will continue to invest in Serbia’s NIS (a joint asset of Gazprom Neft and the Serbian government), while also executing a large-scale social investment program, said Alexander Dybal, Deputy Chief Executive Officer of Russia’s oil producer, in an interview with TASS.
“We will continue to invest in NIS development.” Last autumn, President [of Serbia Aleksandar] Vucic took part in the launch of the deep refining complex at the Pancevo oil refinery. Following the completion of the complex, the Pancevo facility now has a refining depth of 99 percent. In this regard, the Pancevo refinery is among the …

Read More

Posted on by

BMW is finally producing its retro-futuristic CE 04 electric scooter, but at $12K will anyone buy it?

We’ve been hearing about BMW’s electric city scooters, not to be confused with electric kick scooters, for years. The German automaker came out with the BMW Motorrad Concept Link in 2017, a concept vehicle that imagines the future of expensive micromobility. After revealing the latest concept scooter, the CE 04, in November 2020, BMW is now actually going through with production.
On Wednesday, the company announced the new CE 04 will officially be a part of its 2022 lineup, with an expected global market launch of Q1. It’s a sweet-looking ride, with a decidedly retro-futuristic vibe, harkening back to what people in …

Read More

Posted on by

Hear top VCs Albert Wegner, Jenny Rooke, and Shilpi Kumar talk green bets at the Extreme Tech Challenge finals

This year, TechCrunch is proudly hosting the Extreme Tech Challenge Global Finals on July 22. The event is among the world’s largest purpose-driven startup competitions that are aiming to solve global challenges based on the United Nations’ 17 sustainability goals.
If you want to catch an array of innovative startups across a range of categories, all of them showcasing what they’re building, you won’t want to miss our must-see pitch-off competition.
You can also catch feature panels hosted by TechCrunch editors, including one of the most highly anticipated discussions of the event, a talk on “going green” with guest …

Read More

Infrastructure, Energy, Space, Manufacturing, Transportation | Day 5 | 2021 Leading Entrepreneurs of the World Conference

2021 LEW Conference | Day 5 | Friday, June 25

9:40 AM
The future of Space
Matt Griffin, Founder & CEO, 311 Institute

10:00 AM
Space: Advanced Earth Intelligence for Sustainable Growth
Peter Platzer, Founder & CEO, Spire Global

10:20 AM
AI, Robotics and the Future of Humanity
Steven Hoffman, Founder & CEO, Founders Space

10:40 AM
Space Manufacturing: Designing the Next Generation of Materials
Ioana Cozmuta, Co-Founder and CEO, G-Space, Inc.

11:00 AM
Reusable Satellites Making Space Safe
Scott Weintraub, Founder & CEO, Modularity Space

11:20 AM
Making Spaceflight Safer
Siamak Hesar, Co-founder & CEO, Kayhan Space

11:40 AM
High-Power Innovation: The Methodology Behind Product Development and Commercialization
John Cooley, Founder, Chief of Products & Innovation, Nanoramic Laboratories

12:00 PM
Here to Anywhere: Closing the Digital Divide Right Now
Daniel Turner, founder & CEO, TRAXyl

12:20 PM
Making Roads Safer
Marcus Newbury, Co-founder & COO, Driver Technologies

12:40 PM
Fair Insurance For All: Community-Powered Car Insurance
Carey Anne Nadeau, Co-CEO, Loop Insurance

1:00 PM
Bringing Consumers Directly Into The Innovation And Research & Development Process
Michael Georgakopoulos, Founder & CEO, Satori Analytics

1:20 PM
Power Anywhere: The Future of Wireless Power Distribution
Sam White, CBO, Emrod & Co-founder, Director Greetown Labs

1:40 PM
Solar Shines: The Key To Sustainable Success
Carlos Barreta, Co-Founder and CEO, Atlas Renewable Energy

3:40 PM
Digitizing Last Mile in the Big & Bulky
Yosh Rozen, Founder & CEO, PartRunner

2:20 PM
Disruptive Life Support Tech for Professionals Operating in Extreme Environments
William Messner, Founder & CEO, PonyPak Systems Inc.

2:40 PM
New Business Models to Solve Complex Environmental Issues
Hunter Swisher, Founder & CEO, Phospholutions, Inc.

3:00 PM
Photos are Data: Extracting Useful Information from Imagery
Don Cummins, Founder & President, Air Data Solutions

3:20 PM
Fund Raising Strategies for Technology
John Pennett, Partner, EisnerAmper

Posted on by

Nuclear waste recycling is a critical avenue of energy innovation

Tristan Abbey
Contributor

Tristan Abbey is President of Comarus Analytics LLC. He served as senior policy advisor at the U.S. Senate Committee on Energy and Natural Resources and as director for strategic planning at the National Security Council.

No single question bedevils American energy and environmental policy more than nuclear waste. No, not even a changing climate, which may be a wicked problem but nonetheless receives a great deal of counter-bedeviling attention.
It’s difficult to paint the picture with a straight face. Let’s start with three main elements of the story.
First, nuclear power plants in the …

Read More