The Trudvang license is located in the Norwegian North Sea. The reservoir itself is located in the Utsira Formation.
ACWA Power announced the signing of three new strategic agreements, potentially worth up to USD 2.5bn, with The Ministry of Energy of Uzbekistan to amplify power generation and develop technical expertise.
DNV GL, the risk management and system assurance company, has launched a venture fund in response to the challenges of the âdecade of transformations,â? which will be defined by the energy transition and the fourth industrial revolution.
NeSSIE (North Sea Solutions for Innovation in Corrosion for Energy) is a project designed to tap into the existing knowledge of anti-corrosion technology / novel materials solutions in the maritime sector supply chain to develop demonstration projects for offshore renewables in the North Sea. The corrosion solutions, when developed and commercialised, will provide global growth and job creation opportunities in remote regions in the EU.
Until recently, green revolution in energy was held up by lack of storage, which meant that efficient electricity production depended on an impossibility; namely uninterrupted wind and sunshine. Conversely, the excess energy produced during strong wind or sunshine could not be stored for later use. Now a revolution in energy storage is occurring, and it is possible not only to store green energy but to convert it to other uses, in other words to recycle it.
In the past, a severe shortcoming of renewables has been that they are intermittent: the power stays on only as long as the wind blows or the sun shines; if the wind blows too hard, the turbines must stop turning in order not to overload the grid. Newer and more efficient storage techniques are changing the equation. It is now possible to store excess power and tap into it during periods of power shortage. This article outlines some of the many technologies employed.