Strange bedfellows: Solar power meets oil drilling
A company that uses solar energy to recover crude has scored big financing from some major oil players—and highlights a growing niche of global oil exploration.
GlassPoint Solar last week landed a $53 million investment from Royal Dutch Shell and the sovereign investment fund of Oman for its enhanced oil recovery (EOR) technology. In a twist of irony, GlassPont's technology runs on solar power, which produces steam to help pump more fossil fuel from conventional crude plays.
GlassPoint has been using this technique in Oman since 2012, and it helped the firm score more than double its initial funding. Given the age of its oil fields, Oman relies on EOR—a complex process that extracts more oil than traditional drilling—to boost production.
Although EOR is common to the oil industry, using the power of the sun "is expanding very rapidly, and is a very new technology" said Rod MacGregor, GlassPoint's CEO, in an interview. "This application looks like the next step for solar."
Hudson Clean Energy Partners Closes $90M in Follow-on Financing
Partners support portfolio companies' growth in global renewable energy markets
World's Largest Single Rooftop Solar Power Project Commissioned In India
Indian solar energy companies are fast delivering world-class solar power projects as the market expands based on favorable regulatory and policy outlooks.
India’s largest engineering, procurement and construction (EPC) company in the solar power market has just commissioned the world’s largest single rooftop solar photovoltaic power project. The 7.52 MW solar power plant has been commissioned in the northern state of Punjab.
Larsen and Toubro has been involved in the construction of several solar power projects that will be seen as major milestones in India’s solar power infrastructure expansion. The company reported that it has already commissioned or is working on solar power projects with total capacity of 400 MW. This includes the largest solar thermal power plant in Asia – Reliance Power’s 125 MW linear Fresnel power project located in Rajasthan. The company has also worked on several other solar power projects under the National Solar Mission.
Punjab has some of highest power tariffs in the country. Being an agricultural state, power supply to the farmers is of paramount importance, while industries and commercial users are low on the priority list. In the absence of adequate supply, the utility procures power from short-term markets, which increases the overall costs which, in turn, is passed on the industrial and commercial consumers.
Clenergy launches its Integrated String Combiner Box into the global market
In early August 2014 Clenergy, the global solar solutions provider, released its Integrated String Combiner Box (ISCB series).
Clenergy receives thank you letters from FIJIAN school Children for its contribution to their Solar
Clenergy were very pleased recently to receive thank you letters from the children at Natusara and Namamanuca Primary Schools in Fiji.
Sunrun and SolarBuyer Launch Improved Quality Assurance Program for PV Modules and Inverters for Homeowners
Leading Residential Solar Company Continues Raising the Bar with Industry-Leading Practices that Ensure High Quality Customer Experience
Earn Your NABCEP Credits at GameChange Racking Training Session September 17th, Los Angeles
The training session will be located at Mitsubishi Electric's headquarters and will focus on commercial design considerations for inverter selection and the bankability and reliability of modules.
SEIA Applauds University's Decision to Expand Use of Solar
"As part of the ongoing fight against climate change, the University of California is leading by example"
Quick Mount PV Launches Company Blog
The new blog coincides with a website redesign aimed to highlight the company's unique value to its customers as well as enhance the user experience.
Start of the construction of the Lotnisko wind farm
One of the largest renewable energy projects in Poland
Solar Capacity in Central America to Surge, as Tenders Put Region on the Photovoltaic Map
Central America is attracting attention from PV developers from around the world
Baker Electric Solar Named One of San Diego's Largest Alternative Energy Suppliers
San Diego-based Baker Electric Solar announced today that it ranked No. 2 on the San Diego Business Journal's 2014 Alternative Energy Suppliers list based on its number of local employees as of July 1, 2014.
ISC KONSTANZ AND MEGACELL SRL SIGN LICENSE AGREEMENT FOR TRANSFER OF THE N-TYPE BISON SOLAR CELL TEC
ISC Konstanz and MegaCell Srl have signed an agreement for the licensing of ISC's bifacial BiSoN solar cell technology to MegaCell srl. The italian manufacturing lines will have a yearly capacity of 80 MWp for bifacial BiSoN solar cells featuring over 30% more energy yield (kWh/kWp).
UK Renewable Heat Market Warming up Under the New Domestic RHI
Energy website, Green Business Watch has released its latest UK Domestic Renewable Heat Update. The report analyses activity under the Domestic RHI and looks at early indications as to how the scheme has impacted the renewable heat market.
Since its launch on April 9th 2014, The Domestic Renewable Heat Incentive has racked up some fairly impressive application numbers. By the end of July, the scheme had seen 7,418 applications and of those, 4,961 are already approved and accredited.
seebaWIND Service Exchanges Gear Box in Record Time
In the middle of June, the manufacturer-independent service company seebaWIND Service GmbH exchanged the gear boxes in two 1.5 megawatt wind power plants at a Polish wind farm in Western Pomerania within only three days.
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