Renewable Energy

Renewable Energy

A study conducted at Uppsala University expounds that the Nordic countries could meet their energy requirements by solely depending upon renewable energy. One of the lead researchers stated that despite the difficulties associated with shifting energy needs on the renewable sector, it is still an effective and useful resort for the countries. The main problem of relying on renewable energy is that electricity requirements are pervasive and timeless. The energy

Global Oil Storage Market: Fluctuating Crude Oil Prices to Fuel the Market, says TMR

The global oil storage market is considerably consolidated as the top five players, namely NuStar Energy L.P., Buckeye Partners L.P., Oiltanking GmbH, Kinder Morgan Inc., and Royal Vopak N.V. held over 67% of global market in 2014. Transparency Market Research (TMR) has estimated that the degree of competition will escalate due to increasing investments by some of the key market players. The threat from new entrants is expected to remain

Global Production of Shale Gas to Stand at 17,201.6 Bcf by 2019 driven by Ambitious Investments

Shale gas is used for a range of applications which includes industrial, power generation, commercial, residential and transportation. It is basically a natural gas which is extracted from different shales. Some major shales are Marcellus, Eagle Ford, Niobrara, Barnett, Bakken among others. In industries, shale gas is used to produce ethane which is a feed stock for various industries. Shale gas itself is used as feedstock for fertilizer industry to

Global Oil Storage Market: Fluctuating Crude Oil Prices to Fuel the Market, says TMR

The beginning of 2016 marked a historic drop in oil prices, hitting a 12-year low. The plummeting prices reflected the drastic change in oil trends, wherein the global supply of crude oil surpassed its demand. The downturn in oil prices resulted in a severe oil glut, creating a storage crunch. Considering that more crude oil was being stored rather than sold or refined, the demand for oil storage facilities has

Global Solar Street Lighting Market to Expand Rapidly at 23.23% CAGR 2016-2024, Poised to Reach US$17.78 bn by 2024

Solar street lighting systems can be an ideal lighting solution for lighting up roadways, streets, yards, boulevards, car parking spaces, airports, parks, civilian and military security installations, and almost any outdoor space. The solar panel receives sunlight and converts it into electricity, storing thus obtained energy in rechargeable batteries. The light automatically turns on with nightfall and can be customized to the desired brightness and wattage. However, the installation of