Power storage specialist Qinous is being expanded into Rolls-Royce’s new Mircogrid Competence Center. The UK engine maker acquired a 73.1% stake in the Berlin-based startup in January with a view to pooling its microgrid and energy storage business in one of Europe’s largest renewable energy markets.
Imports of Canadian pipeline gas to the western United States have fallen substantially as spot prices at the NOVA/AECO-C (AECO) trading hub in Alberta reached near parity with Henry Hub. In April and May, imports fell to an average of 6.2 billion cubic feet per day (Bcf/d), according to Genscape pipeline flow estimates.
The Asian Development Bank (ADB) bank has vowed to enact “stricter criteria for clean energy,” scrutinize all fossil projects and “firmly exclude” the financing of coal power. At this week’s Asia Clean Energy Forum (ACEF) 2020, the bank had to concede not all its current clean energy investment is climate-friendly.
The 2020 US gas storage refill season (April 1 - Oct 31) has started out strong, exceeding 100 billion cubic feet (Bcf) in four out of the past six weeks. “No other refill season recorded more than three triple-digit net injections at this point in time,” analysts said, pointing at slow domestic demand and exports.