Energy Archives - Page 2 of 10 - AfricaBusiness.com

24Jun

By Africa BusinessNo Comments

Energy, Green Energy

New thermal battery and solar tech help mining companies get rid of diesel

247Solar launches HeatStorE™, a long duration thermal battery made for adding more renewables to remote mining operations, industrial and grid solutions than is feasible with conventional batteries Great Falls, VA, USA, June 24th, 2021 – A robust new battery from 247Solar Inc., a spinoff of MIT, operates almost like an electrochemical battery but has significant advantages at longer durations. The basic principle of the thermal battery is rather simple. Electric resistance coils heat an inexpensive thermal storage medium (silica sand) using low-cost excess electricity, e.g., from intermittent solar and wind power sources. Energy is stored as ultra-high temperature heat (up to 1000℃/1850℉) – at a fraction of the cost of batteries. Whenever needed, a specialized turbine reconverts the heat t...

17Jun

By Africa BusinessNo Comments

Energy, Green Energy, South Africa News

Africa Energy Week 2021, Taking Place in Cape Town; Will Focus on Investment, Oil and Gas, Renewables and Energy Transition

The African Energy Chamber is set to host the first-ever African Energy Week (AEW) in Cape Town on 9th – 12th November 2021. Replacing Africa Oil Week, the four-day interactive conference seeks to unite industry stakeholders, international speakers and movers and shakers from the African oil and gas sector. The conference comprises high-class networking events, innovative exhibitions, and one-on-one private meetings, with a golf tournament on the final day, providing a one-of-a-kind experience for stakeholders interested in the growth and success of the African energy sector. The African Energy Chamber (AEC) is excited to announce the official launch of African Energy Week (AEW) 2021, taking place in Cape Town on 9th – 12th November 2021. AEW 2021 will showcase the first-ever Afric...

25May

By NJ AyukNo Comments

Energy, Green Energy, South Africa News

Net Zero? Not for Africa. Not Yet. Africa Must Fight Energy Poverty with Oil and Gas Development

By NJ Ayuk, Executive Chairman, African Energy Chamber On May 18, 2021, the International Energy Agency (IEA) released “Net Zero by 2050: A Roadmap for the Global Energy Sector,” which outlines plans for the global energy sector to reach “net zero” greenhouse gas emissions by 2050. Achieving net zero emissions means the amount of greenhouse gases being emitted into the atmosphere would equal the amount being removed. Achieving this balance, the IEA maintains, would require more than aggressive carbon-capture measures: It would call for a swift and immediate shift from petroleum energy sources to energy provided through naturally replenished sources like wind, water, and solar power. From an environmental standpoint, this is a great concept. But we live in reality. And today, in real-world...

11May

By Africa BusinessNo Comments

Energy, Events, Main

African Energy Chamber calls for more US-Africa Energy investments with series about unjustified risk perceptions on Africa

Following President Biden's Interim National Security Strategic Guidance signalling for continued growth in partnerships with African economies, at the African Energy Chamber ("AEC"), we believe it is vital to engage U.S. companies and investors to counter the often-wrong preconceptions about investing in the continent, as Africa has some of the fastest-growing economies globally and possesses significant investment and development opportunities for U.S. firms. U.S. companies stand to play a significant role in the road to a lower-carbon future in the continent., and to continue leading some of the most important markets in the energy industry. From majors like Chevron, ExxonMobil and Kosmos Energy making significant discoveries and operating in multiple countries like Angola, Mozambique,...

4May

By Annemarie RoodbolNo Comments

Energy, Events

Enlit Africa to return in June with focus on 5Ds as industry prepares for energy transition

Longstanding energy platform gathers all role players to discuss and do deals Enlit Africa will kickstart its return on 8 June with a visionary discussion on the “5Ds of the energy transition”, namely: decarbonisation, decentralisation, democratisation, digitalisation and deregulation. The opening session will feature local and global experts unpacking how the evolution of the power and energy sector globally will also affect local supply and opportunities, focusing on technology, policy and funding. Among the local experts is South African Minister of Mineral and Energy Resources Gwede Mantashe who will be providing the opening address for the event. Same inspiration, different look Enlit Africa, taking place from 8 to 10 June, is the new brand for the Cape-town based African Utility Week...

26Apr

By African Energy ChamberNo Comments

Energy, Mozambique News

Total’s Force Majeure declaration on Mozambique LNG is a call for dialogue and a global firewall against terrorism

By African Energy Chamber We are disappointed about Total’s recent decision to declare force majeure on its Mozambique LNG Project. While the African Energy Chamber stands in solidarity with Mozambique and Total and all energy investors, we believe the declaration of force majeure could have been prevented and comes prematurely. We encourage all parties involved to have a better and more open conversation to find a practical and pragmatic commonsense solution for the force majeure event to cease and for the project to resume, for the benefit not only of Total, but also of international and local companies, and especially for Mozambique’s people. Force majeure is recognized under the Mozambique Petroleum Law, which provides that “petroleum operations rights holders may lawfully suspend perf...

13Apr

By African Energy ChamberNo Comments

Energy, Mozambique News, Senegal News, Tanzania News, Uganda News

African Energy Developments Demand Sustained Investment with new projects in Mozambique, Tanzania, Uganda, and Senegal

A recent uptick in direct investment activities in Africa’s energy sector sheds light on the role of sustained investor interest in catalyzing socio-economic growth. In the past twelve months, the African energy sector has seen several encouraging developments – in the form of both Foreign Direct Investment (FDI) and strategic partnerships – that have advanced the sustainable development of its natural resources. In fact, despite a global downturn in investment in 2020, FDI flows to developing economies accounted for 72% of global FDI, the highest share to date. Given the magnitude of Africa’s oil and gas reserves – not to mention its abundant renewable resource wealth – the continent remains a highly attractive market for inbound investment, which is vital for its growth. Take Ugan...

7Apr

By Africa BusinessNo Comments

Energy, Nigeria News

Wärtsilä Optimised Maintenance agreement supports growth ambitions of a privately-owned Nigerian supplier of energy to the national grid

The technology group Wärtsilä has signed a long-term Optimised Maintenance agreement covering power plants in three locations owned by Paras Energy, a 100 percent privately-owned Nigerian energy provider. The aim of the agreement is to ensure the plants’ continued high levels of availability, reliability and efficiency, while providing important cost predictability for future budgeting purposes. The agreement was signed with Wärtsilä in the first quarter of 2021. The plants covered by the five-year agreement are operated with Wärtsilä 34SG gas-fuelled engines producing a combined total output of approximately 132 MW. Based on an average connected capacity of some 6,5 kW for each Nigerian home, this will represent the annual consumption equivalent of close to 20,300 domestic households. “We...

7Apr

By Africa BusinessNo Comments

Energy, South Sudan

Ezra Power Plant Shut-Down Notice Republic Of South Sudan Government Fails To Make Promised Payments

Ezra Construction and Development Group (ECDG) hereby gives notice that the Juba power plant will cease to operate in the next few days. On 31 March, 2021, the company had notified Hon. Peter Marcello Nasir Jelenge, Minister of Energy and Dams, that it would be forced to take this drastic action unless the government of the Republic of South Sudan urgently made the US Dollar payment as set out in the PPA agreement signed on 16 August 2017. It is to be remembered that Ezra Construction and Development Group (ECDG) has built and is operating a power plant for the national grid of South Sudan. Ezra has made an extensive investment by the end of 2019 to make available over 230,000,000 kWh by the end of 2020. Over 64,000,000 kWh was consumed in 2020 alone by over 20,000 customers marking a succ...

6Apr

By Africa BusinessNo Comments

Energy

African Energy Thriller Becomes a Wall Street Journal Best-Seller List and tops US Market

Following the widely acclaimed release of NJ Ayuk, Managing Director of Centurion Law Group and Executive Chairman of the African Energy Chamber’s second book, Billions At Play: The Future of African Energy and Making Deals, the resourceful and bold book has become #1 Amazon Best Selling eBook overall, #2 Wall Street Journal Best Selling eBook, #4 USA Today Non-Fiction Business Best Selling eBook and #10 Wall Street Journal Non-Fiction Combined best seller. Billions At Play became number one on Amazon in several categories only a few days after its initial release in 2019, making it one of Africa’s energy best-sellers. This second edition, which opens once again on a foreword by H.E. Mohamed Sanusi Barkindo, Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC) and...