Although the region was slow out of the blocks in the race to develop alternative power technologies, several high-profile projects show it is catching up fast, Tony Glover writes The rate of adoption of solar energy is accelerating in markets such as Europe and the US, while the Middle East has generally been slow in … Continue reading
The energy outlook for the next two years is surprisingly diverse. Oil and its liquid derivatives will remain fairly high priced, but natural gas will continue to cheapen, increasing the spread between the two fuels to unprecedented levels. Global oil supply has increased modestly. Gains have been driven by new technology (fracking and horizontal drilling) … Continue reading
ArcelorMittal Steel USA is finding an uncommon way to beat the competition: It is cutting energy consumption at one of its steel plants in Chicago by re-using heat to make electricity. It says that it is saving $100 million a year by creating an extra 75 megawatts of emissions-free electricity.