'Store more Energy in water', says Scottish Power

It says the UK will need much more energy storage capacity as renewables increase on the National Grid.

It says it can add 400 megawatts (MW) of on-demand electricity by building a new dam in front of the existing dam.

But it says the £300-£400m cost is prohibitive unless it can get a guaranteed floor price for its use from the government.

In return, Scottish Power says it will accept a cap on profits.

The Cruachan plant near Oban in Scotland pumps water 400m uphill at night when energy prices from wind farms are cheap.

It then lets the water flow downhill in daytime in order to generate electricity when demand peaks and power prices are expensive.

Five ways to keep your tech swag despite high electricity tariffs

The Nigeria Labour Congress and the Trade Union Congress have been kicking against it all week, but many Nigerians who are already feeling the bite of hike in electricity charges imposed by the ministry of power, works and housing. You’re most likely too busy hustling for your daily bread to embark on any protests, but here are some ways to make this new development easier on your pocket:

 

• Energy saving bulbs

Economic growth slows rapidly-US

Gross domestic product grew at an annualised pace of 1.5% between July and September, according to the Department of Commerce, down from a rate of 3.9% in the second quarter.

The slowdown was partly due to companies running down stockpiles of goods in their warehouses. 

 

On Wednesday, the Federal Reserve kept rates unchanged and said the economy was expanding at a "moderate" pace.

UK Power Electricity Supplies enough for winter

Gas supplies are expected to be "comfortable", while electricity margins, at 5.1%, are "manageable", the grid said in its Winter Outlook.

This means supply is expected to exceed peak demand by 5.1%.

CBN: N213bn NEMSF fund will change economics of power sector

The Central Bank of Nigeria (CBN) said its N213 billion Nigeria Electricity Market Stabilisation Facility (NEMSF) would improve generation, distribution and transmission of power in the country.

 

Special Assistant to CBN Governor on Energy Sector, Mr Yinka Balogun, said this in Abuja on Monday at a round table on “Releasing Private Sector Capital for Investment in the Power Sector”.

Energy Storage, Clean and Simple.

You wouldn't think it but this battery enables

 Our technology is based on a simple idea: In order to meet the challenges of the world’s growing energy needs

SunPower Puts Total on the Cutting Edge of Solar

Today, the world is facing a dual challenge: meeting global energy needs and finding ways to solve climate change by emitting less carbon. At Total, we know we can do both, by diversifying the kinds of energy we use. That’s why we are actively involved in solar photovoltaics¹ through our majority interest in SunPower, the world’s second-largest solar energy company. SunPower’s solar panels are 

among the most reliable and efficient in the world, with a conversion rate of 21.5%.