The staff of the National Renewable Energy Laboratory (NREL) owes a lasting debt to former U.S. President Jimmy Carter, who passed away on December 29, 2024. “President Carter was a visionary and a man of science who realized the potential of solar power and renewable energy,” NREL Director Martin Keller said. “The Solar Energy Research Institute (SERI) began under his…
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China has approved the construction of a “Super Dam” on the Brahmaputra River, a project poised to dwarf the Three Gorges Dam in power generation capacity. This mega-dam will reportedly produce an astonishing 300 billion kilowatt-hours of electricity annually—three times more than the output of the Three Gorges Dam. The Yarlung Zangbo River, as it is known in Tibet, becomes…
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NEW YORK: Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed by a larger-than-expected drawdown from US crude inventories last week. Brent crude futures rose 91 cents, or 1.2%, to settle at $74.17 per barrel. US West Texas Intermediate crude futures rose 98 cents, or 1.4%, to…
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LONDON: Oil prices edged up on Monday in thin holiday trade at the end of the year, as traders awaited more Chinese and U.S. economic data later this week to assess growth in the world’s two largest oil consumers. Brent crude futures rose 20 cents to $74.37 a barrel by 1208 GMT. The more active March contract was at $74.00…
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SINGAPORE: China has issued at least 152.49 million metric tons of crude oil import quotas to independent refiners in a second batch for 2025 so far, several trade sources said on Monday. These quotas are being issued in batches by provinces this year and follow a recent small batch of 5.84 million tons that was issued in November, the sources…
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Stanford Researchers Pioneer Nighttime Solar Technology In a groundbreaking innovation, researchers at Stanford University have developed solar panels capable of generating electricity at night using the phenomenon of radiative cooling. This technology holds promise for revolutionizing renewable energy, especially in off-grid and remote areas. Harnessing Radiative Cooling for PowerRadiative cooling occurs on clear nights when heat escapes from the Earth’s…
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Islamabad, Dec 28th, 2024 – The Minister for Power, Sardar Awais Ahmed Khan Leghari, presented a year-end review highlighting key achievements and ongoing initiatives aimed at transforming Pakistan’s power sector. Through innovative policies, substantial investments, and bold reforms, significant progress has been made towards ensuring energy sustainability, reducing electricity costs, and driving economic growth. The Minister stated, “The power sector…
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<><><><> Electricity prices witnessed RS 11.33 per unit for industrial and Rs.4.66 per unit domestic decrease since June 2024 Rs. 150 Billion eliminated in cross-subsidies for industrial sector Rs 55 billion earmarked for 27000 tubewells Agreemnets with IPPs results in Rs.411 billion national saving Bijli Sahulat Package with special tariff of Rs.26.07 per unit introduced Minister for Power, Sardar Awais…
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KARACHI: The Management Board of Pakistan State Oil Company Limited (PSO), a leading state-owned oil marketing company, has approved the execution of a Sale and Purchase Agreement (SPA) with the State Oil Company of the Republic of Azerbaijan (SOCAR). As per a notice issued to the Pakistan Stock Exchange (PSX), PSO received the signed agreement from SOCAR on December 24.…
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BANGKOK, THAILAND – Media OutReach Newswire – 27 December 2024 – PTT Oil and Retail Business Public Company Limited (OR) is driving international growth and sustainable innovation, leveraging its diverse portfolio to navigate volatile global markets. Amid geopolitical uncertainties and fluctuating oil prices, OR has posted robust financial results and unveiled a strategic roadmap aimed at transforming its business for…
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