NewsRoom Articles - Page 150 of 195

ThursdayNov 04, 2021 12:30 pm

Honeywell Launches New Flow Battery Technology for Energy Storage

Honeywell Sustainable Technology Solutions recently launched its new flow battery technology, which uses renewable energy sources to satisfy the rising demand for sustainable energy storage. This flow battery makes use of a safe and incombustible electrolyte that generates electricity from chemical energy before storing it for future use, while satisfying the safety, longevity and environmental objectives of different utilities. The company’s new technology affords extended duration and more flexibility to utility companies. The flow battery technology stores energy that can be utilized when a location’s power grids are at capacity, when there’s a power outage or when solar and wind…

WednesdayNov 03, 2021 3:15 pm

World Bank Report Projects Precious Metals Price Recovery

During this year’s third quarter, the Precious Metals Index dropped by 3%. The latest report released by the World Bank notes that this drop was caused by reduced physical demand, a stronger U.S. dollar and decreasing investor sentiment from rising real interest rates. The World Bank projects that in the short term, the average price of these metals will increase heading into 2022, with many expecting a tightened monetary policy. Some risks to this outlook include more persistent inflation, intense geopolitical tensions and the threat of new variants of the coronavirus. The report also notes that the price of gold…

TuesdayNov 02, 2021 1:15 pm

U-Battery Exhibits Full-Scale Modular Nuclear Reactor Model

Last month, Cavendish Nuclear and U-Battery unveiled a full-scale model of U-Battery’s advanced modular reactor. The event was held at the Whetstone facility, which is located in Leicestershire and owned by Cavendish Nuclear. This full-scale model shows how the reactor can be constructed using modular techniques. The project was financed under the Advanced Manufacturing and Materials Program by the United Kingdom’s Department for Business, Energy and Industrial Energy. U-Battery general manager Steve Threlfall stated that building a full-scale model allowed the company to ascertain the requirements for the reactor’s concept design and confirm the operational safety case of the nuclear…

MondayNov 01, 2021 3:15 pm

Ameresco to Address Electricity Supply Issues in California Through Battery-Storage Solutions

Last week, Ameresco partnered with Southern California Edison to provide storage systems leveraging battery technology. The clean-energy solutions provider stated that the contract entails the provision of three 4-hour duration battery-energy storage system projects. Each of these systems has been designed to cushion the reliability issues affecting the electricity system that supplies most of California, with each being connected to a distribution network substation pocket. The electricity-supply shortage that plagues the state of California is especially critical during wildfire risks or during heat waves that occur in summer and other climate or weather-related occurrences. This shortage recently led the state’s…

FridayOct 29, 2021 12:00 pm

Former Goldcorp Executives Expect Dramatic Gold Price Rally

Pandemic aftershocks have stressed supply chains, which has led to the surge in the price of various commodities, including natural gas and aluminum, with some believing that gold may soon experience a rally as well. Rob McEwen and David Garofalo, former Goldcorp Inc. chiefs, expect investors to realize soon that international inflationary pressures are more intense and less transitory than consumer price indexes and central bankers suggest. Once investors do so, Garofalo expects that the inflation-protection appeal of gold will cause the precious metal’s price to move from its current $1,800 per ounce price to about $3,000 per ounce. In…

ThursdayOct 28, 2021 12:45 pm

IAEA Makes Case for Nuclear Energy

In a recently released report, the director general of the International Atomic Energy Agency, Rafael Mariano Grossi, made a case for the deployment of nuclear energy to allow for coal to be phased out. The agency plans to argue nuclear’s case during the UN Climate Change Conference, which will take place next month. In the report’s introduction, Grossi stated that nuclear had to have a seat at the table at any given time when climate and energy policies were being discussed. Grossi noted that an unwillingness to embrace the use of nuclear energy could cause virtually no growth in capacity…

WednesdayOct 27, 2021 2:45 pm

Huawei Lands Major Energy-Storage Contract in Saudi Arabia

Last week, Huawei entered into a contract with SEPCOIII for an energy-storage project. SEPCOIII is a power plant operator and a construction and engineering companys that operates in China. The battery-energy storage project, which has been dubbed the Red Sea Project, is considered to be a major project in Saudi Arabia’s vision 2030 initiative. The project has SEPCOIII handling EPC services and playing the role of general contractor. It was developed by ACWA Power. The country’s 2030 initiative features a smart city that will be known as Neom and will be situated on the coast of the Red Sea, in…

WednesdayOct 27, 2021 9:00 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Acquires Bear Head Gold Project Along Meen-Dempster Greenstone Belt; Property Offers Promising Drilling History

StraightUp has incorporated Bear Head Gold Project into its cache of properties, which already include RLX North & South Projects, Belanger Project, and the Ferdinand Gold Project The Meen-Dempster Greenstone Belt produced the Golden Patricia, a lucrative mine with rich drilling history Bear Head Gold Project historical drilling in 1989 yielded 11.09 g/t Au over 1.79m, 3.98 g/t Au over 2.3m, and 3.08 g/t Au over 2.5m, associated with iron formation and silicified mafic volcanos Acquisition of West Cat Mine in the state of Nevada and offers the company expansion opportunities into new areas of exploration Canada-based mineral exploration and…

TuesdayOct 26, 2021 2:00 pm

Scientists Suggest More Eco-Friendly Gold Extraction Process

Scientists from the Aalto University in Finland recently published a study in which they describe a new, nontoxic and scalable way to extract gold from metal ore. Their study was published in the “Chemical Engineering” journal. This new method uses chloride, which is one of a major pair of elements in table salt. It involves the leaching and recovery of the yellow metal. Leaching refers to the process that is commonly used to extract metals by treating a metal’s ore with chemicals that convert the metals into soluble salts. The impurities from the ore usually remain insoluble during this process.…

MondayOct 25, 2021 11:30 am

Uranium Exchange-Traded Funds Enjoying Price Rally

Last week, the Global X Uranium ETF and the NorthShore Global Uranium Mining ETF stocks increased by 11.6% and 13.5% respectively, delivering new gains to investors. The rally for these exchange-traded funds focused on uranium occurred after investors injected more than $1 billion into the funds earlier in the year as many expected a resurgence in the demand for nuclear power. The surge puts an end to October’s unsteady start for both exchange-traded funds, which had been impacted by the increasing prices of fossil fuels. The growing interest in nuclear power has been facilitated by the worsening power shortages, the…

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