Ne base 09 april 2018 energy news issue 1157 by khaled al awadi-compressed

Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
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NewBase Energy News 09 April 2018 - Issue No. 1157 Senior Editor Eng. Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
UAE: Annual Investment Meeting lines up top-notch experts
DUBAI, (WAM)
The 2018 edition of Annual Investment Meeting (AIM) is taking place at the backdrop of global
economic recovery. A number of global inspiring business and thought leaders will lead interesting
discussions on investment trends, public-private partnerships, sustainability, investment promotion,
cryptocurrencies, and sovereign wealth fund at the forthcoming AIM to be held at the Dubai World
Trade Centre from April 9 to 11.
The prestigious line-up of speakers and panelists include Cheremin Sergey, Minister and Head of
Department for Foreign Economic Activity and International Relations of Moscow City Government,
Huda Al Lawati, Chief Investment Officer of Savola Group, Henrik Von Scheel, Father of the Fourth
Industrial Revolution, Joao Vasconcelos, Senior Advisor of Clearwater International and Former
Secretary of State of Industry for the Portuguese Government, Khalfan Juma Belhoul, CEO of Dubai
Future Foundation, Michael Maduell, President of Sovereign Wealth Fund Institute, Sindiso
Ngwenya, Secretary General of Common Market for Eastern and Southern Africa, and Yonov Agah,
Deputy Director-General of World Trade Organization.

According to the World Investment Report 2017 published by the United Nations Council on Trade
and Development (UNCTAD), "Higher economic growth expectations across major regions, a
resumption of growth in trade and a recovery in corporate profits could support a small increase in
foreign direct investment (FDI). Global flows are forecast to increase to almost $1.8 trillion in 2017,
continuing to $1.85 trillion in 2018."
In AIM 2018, eighteen countries / investment destinations will take part in country presentation
arranged by AIM organizing committee, which will allow various municipalities, cities, and countries
as a whole to promote investment opportunities to potential investors and highlight the prospective
of different sectors they are promoting.
This significant feature of AIM will include countries such as UAE, China, Georgia, Italy, India, South
Korea, Russia, Egypt, The Democratic Republic of Congo, Mali, Jordan, Botswana, Cameroon, and
Nigeria. The presentations will be highly informative emphasizing important economic features and
conditions as well as investment data including fascinating details about the investment environment
in these countries.
AIM will mainly focus on promoting FDIs and effective ways to attract investors to various economic
sectors. The UAE ranked 11 for being the largest FDI recipient in Asia, according to World
Investment Report.
The three-day conference will be covering several key topics with series of interactive presentations,
debates, interviews and discussions on regional investments which will be facilitated by a faculty of
global experts. The important topics and highlight issues of the conference comprise of sustainable
development through FDI, new trends in economic opportunity & digital innovations, understanding
the potential of Blockchain, how to compete for investment in Industry 4.0, sovereign wealth funds
and sustainable investment.
The first session will take place after the opening ceremony on 9th of April. It will be a Global Leaders
Debate on the topic "Driving Sustainable Development through FDI". This will explore how foreign
direct investment can be used as a vehicle to drive sustainable development. The limelight session
will uncover the ways in which governments can promote FDI linkages between developed countries
and emerging markets, with a view of bolstering sustainable development, ensuring equality of
opportunity, and an unbiased regulatory landscape.
The high-level panel will convene heads of state, academia, heads of international institutions and
investors from Developing and Mature Economies.
"Understanding the Promise of Blockchain" is the topic for the second session. The session will
examine Blockchain technology and its promise to contribute to economic productivity, transparency
and environmental responsibility, while exploring the opportunities its implementation will hold for
private and public sector in Dubai, focusing on key industries such as banking and fin-tech, energy,
healthcare, e-commerce, transportation, smart-cities and tourism. There will two more conferences
concentrating on Trade and FDI.
Session three is on The Rise of Protectionism which will focus on exploring why world trade and
FDI are growing slowly and what the implications for sustainable development are, in particular in
emerging markets but also in developed market.
The second day will start with the conference focusing on "How to Compete for Investment in
Industry 4.0". This session will explore how governments can capture more sophisticated
investment with a higher technology content.
The next session will emphasise on the evolution of FDI and how technology is changing the future
of productivity and growth. This session will explore how multi-stakeholder collaboration and

investment can optimize the potential of the adult workforce. It will identify how emerging market
governments can better understand and anticipate investor needs, creating the types of skills that
investors require.
Following session targets to better understand how Sovereign Wealth Funds (SWF’s) incorporate
Sustainable Development Goals into their investment strategies.
Last two sessions highlight on the Public-Private Partnerships for Public Infrastructure Development
and Incentives Policies for the Benefit of Nations. The first one will examine the scope for PPPs with
foreign investors – which in most cases originate from developed countries – as a means for
emerging economies to build and manage their public infrastructure. And for the other one, expert
panelists will discuss how incentives can be used to ensure they do actually make a difference and
maximise benefits for the country - not just the company.
On the third and last day session, the panel will assess the economic landscape of national
economies and its resulting impact on the regional economic ecosystem, while identifying areas
and industries where economic growth can be expected and opportunities to invest on. This session
will start with investment perspective in Latin America and the Caribbean, followed by Africa, and
highlight economic landscape and its resulting impact on the regional economic ecosystem, while
identifying areas and industries where economic growth can be expected.
The forum will assemble key policy-makers, institutional and non-institutional investors, as well as
heads of international institutions, political economists and key experts.
Dawood Al Shezawi, CEO of AIM Organizing Committee, said, "In the past seven years, the Annual
Investment Meeting has established itself as a leading platform which helped to strengthen UAE’s
role as a distinctive investment destination and has brought together thousands of exhibitors and
participants to create network, promote projects and attract investments.
"Registration of AIM is still open, which unlocks the doors to the investors, government policy
makers, project developers, and promoters of large-scale communities, industries, financial
institutions to network and create a win-win situation for all.
"AIM Investors’ hub will give opportunities to access to top investors and government leaders and
arrange B2B and G2B meetings which can be the groundwork for future partnerships.
"Moreover, through the exceptionally unique conferences, the participants will get to know about
latest location developments, investment promotion, FDI trends, challenges and solutions from
more than thousand experts and FDI specialists."
The Annual Investment Meeting (AIM) is the largest investment conference and exhibition in the
Middle East. Being an initiative from the Ministry of Economy of the United Arab Emirates – AIM
takes place every year from its inauguration in 2011.
Annual Investment Meeting is the largest international gathering of its kind that promotes Foreign
Direct Investment (FDI) that helps accelerate economic growth and assures to produce an
outstanding investment conference with top-notch global experts, renowned academics and
experienced consultants to educate AIM audiences with contemporary investment trends in an ever-
changing domain of FDI.
AIM 2017 Conference, which was the seventh edition of AIM, gathered more than 100 powerful FDI
intellectuals and renowned experts offering participants the latest investment aptitude, trends and
updates on international investment. It also offered parallel sessions which focused on some sector-
specific issues such as FDI in agriculture, energy, infrastructure, finance and innovation.

Saudi Aramco looks to expand largest U.S. refinery
Reuters +NewBase
Saudi Aramco IPO-ARMO.SE took the first steps toward expanding the largest U.S. refinery on
Saturday, which is operated by its subsidiary Motiva Enterprises.
Aramco’s Chief Executive Amin Nasser signed agreements with Honeywell UOP, (HON.N) and
Technip FMC (FTI.N) to study petrochemical production technology for use in a multi-billion-dollar
chemical plant the company is considering building at the Port Arthur refinery.
“These agreements signal our plans for expansion into petrochemicals,” said Motiva’s Chief
Executive Brian Coffman. Coffman also said Motiva is evaluating boosting the 603,000 barrel-per-
day (bpd) refinery’s capacity to 1 million or 1.5 million bpd, which would make it the largest in the
world.
Saudi Arabia’s Crown Prince Mohammed bin Salman, who is finishing a two-week visit to the United
States, Saudi Energy Minister Khalid al-Falih and U.S. Energy Secretary Rick Perry were present
at the signing.
The aromatics unit for which Honeywell UOP’s technology is being considered would convert
benzene and paraxylene, byproducts of gasoline production, into 2 million tons annually of
feedstocks for chemicals and plastics.
The Technip FMC technology would produce 2 million tons a year of ethylene, which is used to
make plastics, Motiva said. The final investment decision on the Port Arthur petrochemical plant is
not expected until 2019, Motiva said in a statement.
Coffman did not provide a timeline for the possible expansion of the Port Arthur refinery’s crude oil
processing capacity. “That’s something we’re evaluating, we’re studying for in the future,” he said.
The 1.2-million bpd Reliance Industries (RELI.NS) refinery in Jamnagar, India, has the world’s
largest crude oil processing capacity. Aramco last year said it would invest $18 billion in Motiva to
expand the refinery and move into petrochemical production.

Other U.S. companies, including Chevron Phillips Chemical Co - a joint venture of Chevron Corp
(CVX.N) and Phillips 66 (PSX.N) - and Exxon Mobil Corp (XOM.N), have recently opened plants,
like the one Motiva is considering, to process ethane into ethylene.
The price tag for a large ethane cracker is typically over $6 billion, according to analysts. In addition
to taking refining byproducts, ethane crackers provide hydrogen for refineries to use in making motor
fuels.
Saudi Aramco now owns approximately 300 MBbl/d more of the US domestic refining capacity. This means that Saudi
Arabia now has the ability to send more of its own crude into the US refining fleet, making the volume of “sticky” imports
(those crude oil imports that are difficult to replace due to contractual obligations or foreign ownership stakes in
refineries) higher than it was previously.
Saudi Arabia is already the second largest source of US crude imports behind Canada. According to the EIA, the US
imported 1.34 MMBbl/d from Saudi Arabia in February. Paired with the distribution terminals and rights to sell Shell
branded gasoline, it is also a strategic move on the part of Saudi Aramco to capture the value add from refining and
distribution in the US.
Saudi Aramco also acquired the value of optionality: They can create additional demand for their own crude or decide
to buy advantaged feedstock from US or Canada if they wish to take advantage of any arbitrage opportunities in the
market. In effect, this refinery creates a market share luxury for them.
Saudi Aramco, with their newly held 100% ownership of the Port Arthur, TX refinery will be in a prime position to use
their refining capacity to suit their purposes. They can:
 Import Saudi crude grades into the refinery to keep their US import market share, in effect forcing US production
to find a home elsewhere in the global refining fleet.
 Import Saudi crude grades into the refinery for processing and sell the added value refined products to US or
global consumers.
 Take advantage of proximity to discounted US and Canadian feedstock to generate optimal refinery returns
while keeping the option of exploiting arbitrage opportunities for their crude oil production open.

Saudi Sabic to Boost Chemicals Output Capacity 70% by 2025
Bloomberg + NewBase
Saudi Basic Industries Corp. plans to boost production capacity 70 percent by 2025 as the Middle
East’s dominant chemical maker works with new joint-venture partners and expands its footprint in
the heart of the U.S. shale boom.
Increasing chemical production is crucial to Saudi Arabia’s “Vision 2030” blueprint, which envisions
creating higher-value products and jobs, Yousef al Benyan, chief executive officer of the company
known as Sabic, said in an interview Saturday.
The kingdom has hired longtime Dow Chemical CEO Andrew N. Liveris to act as an advisor after
he departs the Dow DuPont Inc. unit on July 1, al Benyan said. Sabic is also proposing to build
a Houston headquarters for its Western Hemisphere operations as the company capitalizes on the
surge in cheap natural gas supplies from North American shale fields.
A final decision on the Houston project will be contingent on receiving local and environmental
permits, according to a Sabic statement Saturday. The announcement coincided with the final stop
by Saudi Crown Price Mohammed Bin Salman on his three-week U.S. tour.
Abundant Shale
Sabic “has designated the United States as a focus of its future growth plans, capitalizing on the
abundance of shale gas,” according to the statement.
At home in Saudi Arabia, a plant being designed with Saudi Aramco would turn crude directly into
chemicals, yielding about 9 million metric tons of products a year. The $20 billion project would turn
45 percent of each barrel of oil directly into chemicals, a record-high conversion rate, al Benyan
said in the interview outside Houston.
Sabic has formed a joint
venture with Exxon Mobil
Corp. to build an ethylene
plant near Corpus Christi,
Texas, with a final
investment decision
expected this year. The
heart of the project features
what would be the world’s
largest ethane cracker,
capable of producing 1.8
million metric tons of
ethylene.
Fracking and horizontal
drilling in shale formations

have unleashed torrents of low-cost U.S. natural gas that made the country among the most
profitable places to produce chemicals, beating the Middle East in attracting projects.
The company is also pursuing a project with Shenhua Ningxia Coal Industry Group to convert coal
to chemicals in China.
Strategic Markets
Acquisitions could supplement the company’s organic growth, al Benyan. Saudi Arabia is increasing
chemical production with demand for motor fuels expected to slow amid tightening fuel efficiency
standards and the rise of electric vehicles.
In addition, Sabic is considering potential projects in Latin America and Africa, he said. North Africa
could develop into a strategic market for the company, al Benyan said.
Sabic in January acquired a 25 percent stake in Swiss chemical maker Clariant AG for about $2.5
billion, its biggest deal since acquiring General Electric Co.’s plastics business for $11.6 billion in
2007. It’s premature to comment on whether Sabic might increase its stake until regulators approve
the transaction, likely in the third quarter, al Benyan said.

India: Engie wins 200 MW wind project in India
Engie + NewBase
Engie, a French multinational electric utility company, has won a 200 MW wind project in the State
of Tamil Nadu, in India, in addition to another 50 MW wind project that had been won in that State
last month.
Earlier this year, Engie had marked its first success in wind in India with a 30 MW project to be
developed in Gujarat State .All these successes bring a total of 1 GW of renewable energy
generation capacities in India for Engie, installed or being built.
For the200 MW onshore wind project, Engie proposed a tariff of INR2.51/kWh $39/MWh) for a 25-
year power purchase agreement. This project is part of a 2,000 MW wind tender floated by Solar
Energy Corporation of India (SECI).
Sébastien Arbola, CEO of Engie Middle East, South & Central Asia and Turkey, said: “We are very
proud of our numerous successes in India in wind, but also in solar PV as for example the Mirzapur
solar power plant we inaugurated a few weeks ago with French President Macron, Indian Prime
Minister Modi and Engie CEO Isabelle Kocher.
“Engie is committed to help the Indian Government to reach its ambition to promote the development
of renewable electricity and to increase the share of renewables in the energy mix. All these projects
are also a significant achievement of our commitment to build harmonious progress in the country
and all over the world”.
Present for over two decades in India, Engie has an installed capacity of 810 MWp in solar and a
capacity of 280 MW in wind (being built), and employs around 1,000 people in power generation,
engineering and energy services.
The Engie Group is currently the largest independent electricity producer in the world. Renewable
energy represents 23 per cent of its global generation capacity (24 GW out of 102.7 GW, end of
2017), and its objective is to commission 14 GW of additional renewable capacity by 2022.

NewBase April 09 - 2018 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Oil prices firm, but trade dispute and Syria keep market on edge
Reuters + NewBase
Oil markets stabilized on Monday after slumping around 2 percent last Friday on concerns over an
intensifying trade dispute between the United States and China, as well as increased U.S. drilling
activity.
Markets on Monday were also eyeing the situation in Syria after reports - denied by the Pentagon -
that U.S. forces had struck a major air base there.
U.S. WTI crude futures CLc1 were at $62.34 a barrel at 0355 GMT, up 28 cents, or 0.45 percent,
from their previous settlement. Brent crude futures LCOc1 were at $67.43 per barrel, up 32 cents,
or 0.5 percent.
Oil prices fell about 2 percent on Friday after U.S. President Donald Trump threatened new tariffs
on China, reigniting fears of a trade war between the world’s two largest economies that could hurt
global growth.
Oil price special
coverage

With Chinese markets closed last Thursday and Friday, Shanghai crude futures ISCc1 played catch-
up on Monday, dropping 0.6 percent to around 400 yuan ($63.43) per barrel.
“Oil prices have been susceptible to the brewing trade tensions between China and the
U.S....However, fundamental support levels have been demonstrated with OPEC’s suggestion on
an production limit extension into 2019,” said Singapore-based Phillip Futures.
Oil prices have generally been supported by healthy demand as well as by supply restraint led by
the Organization of the Petroleum Exporting Countries (OPEC), which started in 2017 in order to
rein in oversupply and prop up
prices.
In physical oil markets, OPEC’s
number two producer Iraq said on
Monday that it is keeping prices for
its crude supplies in May steady.
In the United States, drillers added
11 rigs looking for new production
in the week to April 6, bringing the
total count to 808, the highest level
since March 2015, General
Electric’s (GE.N) Baker Hughes
energy services firm said on
Friday.
As a result, U.S. exports have soared in recent months, “more than offsetting the Venezuelan supply
disruption” as a result of the economic crisis in the South American OPEC-member, Innes said.

NewBase Special Coverage
News Agencies News Release April 09-2018
Tesla Gives Panasonic an Electric Shock
The Japanese company's reliance on its U.S. customer is a weakness.
By Anjani Trivedi
Hitching a ride on Tesla Inc. these days seems precarious at best, especially for its sole battery
supplier Panasonic Corp.
Shares of the Japanese company plunged as much as 9 percent after a spate of Tesla bad-news
stories over the past few weeks. First, the U.S. electric-car maker reported yet another fatal crash,
then a shortfall in production targets for its mass-market Model 3 and to top it off, a rating
downgrade by Moody's Investors Service on liquidity concerns. The cost to insure Panasonic's five-
year debt -- a broad gauge of risk -- has risen sharply.
That Panasonic is dancing to Tesla's tune is no big surprise -- it usually does. Investors have long
seen the electronics giant as a derivative play on its U.S. customer. Their thesis: more Teslas, more
batteries. To be fair, Panasonic does have solid battery technology -- better than the likes of
Samsung SDI Co. -- and has focused its efforts on the auto industry. In fact, moments of weakness
in Panasonic stock are often seen as an opportune time to buy. This time, there are other factors to
consider.
Out of Sync
Panasonic risks putting too many eggs in one basket
Bloomberg , Note: Indexed to 100.
First, the level of Panasonic's reliance. The Osaka-based company revised down its sales and
operating profit estimates for rechargeable batteries for the full fiscal year in February because it

had to push out sales plans in North America to “future periods.” Its hyped-up gigafactory
partnership with Tesla in Nevada has undershot expectations. Panasonic is piling capex into the $5
billion project, in part raising debt to do so. Moody's expects the company to shovel more than 50
percent of its capital spending into the automotive segment including battery plants.
Besides Tesla, Panasonic leans heavily on the broader electric-vehicle industry, where prospects
are dimming amid the Trump administration's lackluster interest in green policies. Earlier this month,
the U.S. Environmental Protection Agency said it was revising fuel-efficiency standards that allow
carmakers "to make cars that people both want and can afford." That damped enthusiasm for the
potential growth of electric cars.
Then, there's China, the world's largest electric-vehicle market. Panasonic, along with other foreign
battery makers, risks being shut out by new-energy policies aimed at cornering the global market.
China's own battery champion, Contemporary Amperex Technology Co., is shoving global
competitors aside as it ramps up production and pushes down prices, while reaching standards to
supply the likes of BMW AG.
Panasonic started making batteries for hybrid cars in the northeastern city of Dalian only last month,
entering a market that's increasingly looking saturated as growing volumes put pressure on margins.
Tesla, meanwhile, which sells in China only through exports, may also be at risk of being drawn into
the ongoing trade spat with the U.S.
Ahead of the Pack
Panasonic trades at a premium to its South Korea battery maker peers
Bloomberg
Panasonic stock is down around 7 percent this year in Tokyo and trades at a premium to its South
Korean battery peers on 14.4 times forward earnings. Tesla has rebounded from a beating in the
U.S. as the eternal optimists fueling its rise re-emerge. But investors should be careful about
jumping back into the batteries that power this ride.
This column does not necessarily reflect the opinion of NewBase and its owners.

Your Future Home Might Be Powered By Car Batteries
By Stephen Stapczynski
New tech may turn your electric car into public power storage
Half of all new cars sold will be EVs by 2040, estimates say
Nissan’s vehicle-to-grid project in Cranfield, U.K. Source: Nissan Motor
When Damien Maguire moved to the countryside outside Dublin, he struggled to keep the lights on
at home because of the town’s constant power outages. He found a solution inside his electric cars:
their batteries.
A tinkerer who posts videos of his hand-built vehicles on Youtube, Maguire devised a wiring system
that lets him suck power out of them when they’re parked in the garage. Now that the house and
cars are connected, he can also use the batteries to store energy from his backyard solar panels,
another power source that’s not totally reliable given Ireland’s weather.
“You have the light-bulb moment,” said the 41-year-old electrical engineer. “There’s a big battery in
the car, so how about I use that?”
An even bigger light-bulb moment is happening for utilities and automakers, who want to use the
batteries inside electric cars as storage for the entire public power grid. The idea, known as “vehicle-
to-grid,” is to someday have millions of drivers become mini electricity traders, charging up when
rates are cheap and pumping energy back into the grid during peak hours or when the sun simply

isn’t shining. If it works — and it’s a big if — renewable energy could get much cheaper and more
widely used.
“We really, really need storage in order to make better use of wind and solar power, and electric
cars could provide it,’’ said Daniel Brenden, an analyst who studies the electricity market at BMI
Research in London. “The potential is so huge.’’
Today, fewer than one percent of the world’s vehicles are electric, but by 2040 more than half of all
new cars will run on the same juice as televisions, computers and hair dryers, according
to estimates by Bloomberg New Energy Finance. Once cars and everything else are fed from the
same source, they can share the same plumbing.
Battery Boom
Global storage in electric and hybrid vehicles forecast to grow 9-fold over the next decade
Source: BMI Research
Note: Figures from 2009 to 2017 are estimates and 2018 to 2027 are forecasts
As it stands, energy generated by wind and solar farms often goes to waste because there’s
nowhere to store it. South Australia solved the problem by investing an estimated $80 million to $90

million to build the world’s biggest lithium ion battery on the edge of the Outback. The result is a
massive cluster of white boxes that is essentially a huge reservoir for electricity. Inside are the same
batteries Tesla Inc. uses in its cars.
Tesla Powerpacks at the Hornsdale wind farm in Australia.
Source: Tesla
But what if that reservoir was divided between millions of cars already on the road? That’s the
vehicle-to-grid concept.
It’s promising because the newest electric vehicles can hold enough energy to power the average
U.S. home for several days. For most drivers, whose cars sit idle 90 percent of the time, sharing
their batteries would make good use of a very under-utilized resource. (It’s like Airbnb, but with car
parts instead of seldom-used apartments.) For the utilities, borrowing people’s batteries would mean
not having to build or buy them.
Sounds awesome.
In the real world, though, there’s a tangle of complications. Elaborate new computer networks would
have to be built, carmakers and power companies would have to collaborate, and people would
have to stop thinking of their cars as a private bubble. The main practical problem is getting drivers
to charge up when there’s a power surplus, and getting them to give back when the public grid has
a deficit, all the while making sure people’s cars never run out of juice.
To get a sense of the difficulties, consider the struggle the world’s No. 1 seller of electric cars, Nissan
Motor Co., has had convincing customers in Japan to try a simple system like the one Maguire jerry-
rigged for himself at his home in the Irish countryside.

Nissan’s electric ecosystem using the new LEAF.
Source: Nissan Motor
By allowing car batteries to serve as a residential power source, Nissan says its vehicle-to-home
service cuts utility bills by about $40 per month. Still, only about 7,000 car owners have adopted the
system in the six years since it started, a tiny number compared with the 81,500 Leaf EVs that
Nissan has sold so far in the country.
Declining to discuss any travails, a spokesman said the company is “very pleased” with its sales
and sees growing consumer interest in the technology.
Meanwhile, Nissan is trying other experiments. Last year, it partnered with Japan’s biggest utility,
Tokyo Electric Power Co., to design a vehicle-to-grid system that takes the Maguire idea and
ratchets-up the complexity.
A small test this winter showed how hard it is just to get people to charge their cars at the right time.
(Selling power back to the grid is a separate can of worms.) Nissan and the utility convinced 45 of
their own employees to install home chargers and try monitoring electricity demand on weekends,
using a smartphone app. Even though volunteers got free shopping points on Amazon as a reward
for buying power when there was glut, only about 10 percent succeeded.
The big takeaway was that, since most people aren’t home in the early afternoon, the system won’t
really work until there are fueling stations all around town at places like the mall or the park. The
company is looking at lots of different ways to boost participation, according to Yukio Shinoda, a
Tokyo Electric manager who helped organize the trial.

Nissan, Enel and Nuvve operate a commercial vehicle-to-grid hub in Denmark.
Source: Nissan Motor
The first company to offer an actual product that allows drivers to both buy and sell power is San
Diego-based Nuvve Corp., which has succeeded by focusing on business customers in Denmark,
a double-whammy of smart targeting. Company cars have predictable routines that make it easier
for Nuvve’s software to calculate how much electricity can be sold back to the grid without running
out of fuel on the road. (And Danes are seriously into renewable energy.)
Since 2016, ten businesses with a total of 50 vehicles have bought the service, according to Nuvve,
which teamed up on the project with Nissan and Italian utility Enel SpA. Tests are also underway at
a handful of locations in Amsterdam, where Nuvve is collaborating with Mitsubishi Motors Corp. and
Newmotion, a unit of Royal Dutch Shell Plc that operates charging stations throughout Europe.
It’s a slow beginning, but Nuvve Chief Executive Officer Gregory Poilasnesays vehicle-to-grid
systems could eventually speed up the adoption of electric vehicles once people realize their
batteries can earn them money. Poilasne says his clients make more than $1,000 per car each year
by trading power to the spot market.
For Maguire, the rural inventor, one thing that’s become clear is that car batteries can be a lot more
useful than most people think. His latest challenge is seeing whether he can convert his diesel-
guzzling BMW sedan into an electric car on a shoestring budget of less than 1,000 euro, or about
$1,250.
“I joke that one day I’m going to finish up these projects and take up golf,’’ he said. “But the more I
learn about these batteries, the more I try and the more I get out of them.’

NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
The Editor :”Khaled Al Awadi” Your partner in Energy Services
NewBase energy news is produced daily (Sunday to Thursday) and
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Khaled Malallah Al Awadi,
Energy Consultant
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Khaled Al Awadi is a UAE National with a total of 28 years of experience in
the Oil & Gas sector. Currently working as Technical Affairs Specialist for
Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy
consultation for the GCC area via Hawk Energy Service as a UAE operations
base , Most of the experience were spent as the Gas Operations Manager in
Emarat , responsible for Emarat Gas Pipeline Network Facility & gas
compressor stations . Through the years, he has developed great experiences
in the designing & constructing of gas pipelines, gas metering & regulating
stations and in the engineering of supply routes. Many years were spent drafting, & compiling gas
transportation, operation & maintenance agreements along with many MOUs for the local
authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE
and Energy program broadcasted internationally, via GCC leading satellite Channels.
NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
NewBase April 2018 K. Al Awadi

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Ne base 09 april 2018 energy news issue 1157 by khaled al awadi-compressed

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Ne base 09 april 2018 energy news issue 1157 by khaled al awadi-compressed