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NewBase Energy News 21 November 2020 - Issue No. 1388 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 nuclear plant Unit 1 reaches 80pc power capacity
Gulftoday + NewBase
Nawah Energy Company (Nawah), the joint venture nuclear operations and maintenance subsidiary
of the Emirates Nuclear Energy Corporation (Enec) and Korea Electric Power Corporation (Kepco),
have announced that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 80%
of the Unit 1 reactor’s rated capacity power.
The milestone is an important step in the ongoing Power Ascension Testing (PAT) of Unit 1, which
involves slowly raising the reactor power levels while collecting data and tuning control and safety
systems.
Throughout this process, the systems of Unit 1 are monitored and tested to ensure their compliance
with national regulatory requirements and the highest international standards of safety, quality,
security and reliability.
The PAT is being conducted under the oversight of the UAE’s independent nuclear regulator, the
Federal Authority for Nuclear Regulation (FANR), which has conducted more than 280 inspections
since the start of Barakah’s development.
These national reviews have been supported by more than 40 assessments and peer reviews by
the International Atomic Energy Agency (IAEA) and World Association of Nuclear Operators
(WANO).
www.linkedin.com/in/khaled-al-awadi-38b995b
Copyright © 2020 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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Nawah’s operations team at Unit 1 are now working to increase the plant’s electricity production to
100% capacity, marking the final stage of PAT. Following the achievement of 100% power, Unit 1
will be gradually shut down to enable the commencement of a Check Outage.
During the Check Outage, which takes place over a period of several months, Unit 1’s systems will
be carefully examined, and any planned or corrective maintenance will be performed to ensure its
safety, reliability and security prior to the commencement of commercial operations.
TRANSCO has constructed 952 kilometres of 400 kV overhead lines to connect the Barakah
Nuclear Energy Plant Unit 1 to the Abu Dhabi electricity grid to ensure the power generated at
Barakah is safely, securely and reliably delivered to consumers across the UAE.
Dr Afif Saif Al Yafei, Chief Executive Officer of TRANSCO, said, "TRANSCO is proud to have
partnered with ENEC and its operation and maintenance subsidiary, Nawah, and we look forward
to advancing our partnership for the next stages of the project."
Unit 1's nuclear operators will begin the process of gradually raising the power levels, known as
Power Ascension Testing (PAT) and once the process is completed, Unit 1 will deliver at full
capacity.
ENEC recently announced the construction completion of Unit 2, with operational readiness
preparations now underway by Nawah. Construction of Units 3 and 4 of the Barakah Nuclear Energy
Plant are in their final stages.
Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
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Saudi Arabia Aim Next to Be Largest Exporters of Hydrogen
Bloomberg - Verity Ratcliffe, Salma El Wardany, and Matthew Martin
The world’s biggest oil exporter has set its sights on also becoming the largest supplier of hydrogen,
a fuel seen as pivotal for curbing climate change.
Saudi Arabia has “ambitious” plans and “will not be challenged in its record of being the biggest
exporter of hydrogen on earth,” Energy Minister Prince Abdulaziz bin Salman said at a news briefing
in Riyadh.
The kingdom’s large natural gas reserves enable it to produce blue hydrogen, he said, referring to
a form of the fuel that’s made when gas is reformed and the carbon dioxide byproduct is captured.
In September, the country shipped the world’s first cargo of blue hydrogen, which was converted
into ammonia, to Japan.
The kingdom also plans to generate hydrogen from solar power -- so-called green hydrogen -- at
a $5 billion facility in Neom, a futuristic city being built on the Red Sea, starting in 2025.
By adding hydrogen to its mix, Saudi Arabia hopes to preserve its role as an important energy
supplier as more countries shift away from pollution-emitting fossil fuels.
Yet, hydrogen is difficult to transport and requires plenty of energy to produce, making it expensive.
Green hydrogen costs between 3.50 euros ($4.15) and 5.00 euros per kilogram, according to the
International Energy Agency.
That compares with around 1.5 euros for the conventional, dirtier process that produces so-called
grey or brown hydrogen. The cost of producing blue hydrogen lies in between these two levels.
World’s Largest Green Hydrogen Project Unveiled in Saudi Arabia
Air Products, the world’s leading hydrogen producer, plans to power a huge green hydrogen plant
using 4 gigawatts of Saudi renewable electricity.
Massive green hydrogen facility would be part of Saudi Arabia's planned Neom "smart city" project.
Copyright © 2020 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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Air Products & Chemicals, the U.S. industrial gas giant, announced plans on Tuesday to build a
green hydrogen plant in Saudi Arabia powered by 4 gigawatts of wind and solar power, the world's
largest such project announced so far.
The $5 billion plant will be jointly owned by Air Products, Saudi Arabia's ACWA Power and Neom, a
new mega-city planned near Saudi Arabia’s borders with Egypt and Jordan.
The completed facility will produce 650 tons of green hydrogen daily, enough to run around 20,000
hydrogen-fueled buses, Air Products said. The fuel will be shipped as ammonia to end markets
globally then converted back to hydrogen. Ammonia production is expected to start in 2025.
The project would be a big step forward for Saudi Arabia's ambition for Neom to become an
important global center for renewable energy and green hydrogen. The country is establishing
Neom as a special economic zone, with an ambition to host 1 million people from around the world.
"This is a pivotal moment for the development of Neom and a key element in Saudi Vision 2030
contributing to the Kingdom’s clean energy and circular carbon economy strategy," Neom
CEO Nadhmi Al Nasr said in a statement.
Speaking to analysts on a conference call on Tuesday, Air Products CEO Seifi Ghasemi said the
company is confident the project will be viable without subsidies given the accelerating global race
for low-carbon transport fuels. Any government support would be "icing on the cake."
“There are 260 million commercial vehicles in the world. If 1 percent converts to hydrogen, you end
up with huge numbers that would require 50 plants like this," Ghasemi said. "We’ve been working
on this for four years, and our strategy was to be the first to build a mega-scale plant."
In addition to the $5 billion plant, the project will require $2 billion of new distribution infrastructure,
to be owned by Air Products.
A price premium for green hydrogen?
Asked whether the project economics would stand up to current hydrogen prices, Ghasemi said
yes, before correcting himself and saying that green hydrogen will garner a premium.
Green hydrogen is currently uncompetitive with its gray cousin, which is produced using natural gas.
Competitively priced green hydrogen will require low power prices and high electrolyzer utilization
rates. Air Products believes it can secure both with a large pool of offtakers and access to Saudi
Arabia’s vast renewable energy resources.
ACWA Power has delivered a series of major solar projects in recent years and has previously
achieved record-low solar prices in the region.
German's thyssenkrupp will supply the electrolyzers. Last month the company revealed its
electrolyzer manufacturing capacity had reached 1 gigawatt, with the option to ramp up further.
Norwegian firm Nel and the U.K.’s ITM Power are also developing electrolyzer gigafactories.
A number of major oil and industrial players are rapidly accelerating their investments into green
hydrogen. BP is studying the feasibility of an ammonia plant in Australia, powered by 1.5 gigawatts
of wind and solar, previously thought to be the largest such plan.
"Hydrogen is not niche anymore," Christoph Noeres, head of energy storage and hydrogen at
thyssenkrupp, told GTM in an email. “It will enable the sector coupling [required] to reach the Paris
Agreement’s climate goals. Hydrogen has been identified to be the key element for sustainable fuels
and chemicals and can reduce or avoid CO2 in sectors where electrification is not possible.”
Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
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Saudi Aramco Turns to Bonds to Help Fund $75 Billion Dividend
Bloomberg - Ken McCallum
Saudi Aramco, the world’s biggest oil company, is set to return to the bond markets for the first time
since April of last year as it seeks to fund a $75 billion dividend commitment.
The company, which hired banks including Goldman Sachs Group Inc. for the bond sale, needs to
raise debt after slumping crude prices caused profit to fall by 45% in the third quarter. That’s left it
unable to generate enough cash to fund the investor payouts, most of which go to the Saudi
government, which needs the money to plug a widening budget deficit.
Aramco has slashed spending, cut jobs, and is considering selling some assets. Despite these
efforts to conserve cash, its gearing -- a measure of debt as a percentage of equity -- has risen to
21.8%, above its target range of 5% to 15%.
Read more: Saudi Arabia’s Stretched Finances Entangle Cash Cow Aramco
The state-controlled energy firm, which sold shares on the Saudi stock exchange last year, will hold
calls with fixed-income investors starting from Monday, according to a person familiar with the
matter. A dollar deal with tranches maturing in three, five, 10, 30 and 50 years may follow, depending
on investor demand, the person said.
Aramco would look at using “all the instruments available to us,” Chief Executive Officer Amin
Nasser said in June.
Aramco’s debut bond sale last year raised $12 billion and was one of the most oversubscribed debt
offerings in history, attracting more than $100 billion in investor orders.
The other banks chosen by Aramco as active bookrunners for the new deal are Citigroup Inc., HSBC
Holdings Plc, JPMorgan Chase & Co., Morgan Stanley and Riyadh-based NCB Capital.
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U.S: Trump to Rush plans to auction Drilling Leases in Arctic
Bloomberg + NewBase
The Trump administration is advancing plans to auction drilling rights in the U.S. Arctic National
Wildlife Refuge before the inauguration of President-
elect Joe Biden, who has vowed to block oil
exploration in the rugged Alaska wilderness.
The Interior Department is set to issue a formal “call
for nominations” as soon as Monday, kick-starting a
final effort to get input on what tracts to auction
inside the refuge’s 1.56-million-acre coastal plain.
The plans were described by two people familiar
with the matter who asked not to be named detailing
administration strategy.
Biden has pledged to permanently protect the refuge, saying drilling there would be a “big disaster.”
But those efforts could be complicated if the Trump administration sells drilling rights first. Formally
issued oil and gas leases on federal land are government contracts that can’t be easily yanked.
The U.S. Geological Survey has estimated the refuge’s coastal plain might hold between 4.3 billion
and 11.8 billion barrels of technically recoverable crude. Yet it’s unclear how many oil companies
would have the appetite to mount costly operations in the remote Arctic wilderness amid low crude
prices, steep public opposition, and regulatory uncertainty. Major U.S. banks have sworn
off financing Arctic drilling projects, and conservationists are also pressuring oil executives to rule
out work in the region.
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Truly Wild
Environmentalists argue Arctic oil development imperils one of the country’s last truly wild places -
- a swath of northeast Alaska populated by polar bears, caribou, and more than 200 species of
birds.
The Trump administration is also fast-tracking a proposal to conduct 3-D seismic surveys inside the
refuge before Jan. 20. The surveys can help pinpoint possible underground oil reserves, but
environmentalists warn they are large industrial operations that threaten polar bears hidden in snow-
covered dens.
Oil companies that buy leases in the refuge might never get the opportunity to use them while Biden
is in the White House. Even if leases are sold and issued before Jan. 20, companies will need
permits governing air pollution, animal harm, water usage and rights of way that the new
administration could stall or deny.
Congress mandated the Interior Department hold two auctions of coastal plain oil leases before
Dec. 22, 2024. But environmentalists, states and indigenous groups have already mounted legal
challenges against the leasing plan. Any victory by the conservationists or settlement with the Biden
administration requiring more environmental review could jeopardize leases.
Interior Department representatives didn’t immediately respond to an emailed request for comment.
The “call for nominations” will help Interior’s Bureau of Land Management decide the contours of an
auction. The agency still must issue a formal “notice of sale” before holding one.
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UK plans to ban sales of diesel and petrol cars from 2030
CNBC - Anmar Frangoul + NewBase
The U.K. will stop selling new diesel and petrol (gasoline) cars and vans from 2030 under plans
announced by Prime Minister Boris Johnson. The move is part of a wider 10-point plan for a so-
called “green industrial revolution” aimed at generating as much as 250,000 jobs and combatting
climate change.
Announced late Tuesday night in an article written by Johnson in the Financial Times, and published
on the government’s website Wednesday morning, the plan will focus on a range of areas including
carbon capture and storage, low-carbon hydrogen generation, offshore wind and nuclear energy.
The vehicle ban represents an acceleration of prior targets; U.K. authorities had previously said the
sale of new petrol and diesel vans and cars would end in 2040. In February, they announced
an ambition to bring this forward to 2035.
The new 2030 target comes after what the
government described as “extensive
consultation with car manufacturers and
sellers.” The government will, however,
continue to “allow the sale of hybrid cars and
vans that can drive a significant distance with
no carbon coming out of the tailpipe until
2035.”
In terms of funding, £1.3 billion (around $1.72
billion) will go towards improving electric
vehicle (EV) charging infrastructure, while
£582 million will be set aside for grants to lower
the cost of electric vehicles and encourage
uptake.
In addition, almost £500 million will be spent
across the next four years on “the development
and mass-scale production of electric vehicle
batteries.”
Given that internal combustion engine vehicles still represent the majority of vehicles driven on U.K.
roads, there are clear hurdles to overcome if the 2030 target is to be met.
“Less than 10% of cars sold in the U.K. during 2020 so far have been battery EVs,” Tom Heggarty,
a principal analyst at Wood Mackenzie, said in a statement.
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“Getting to 100% will require a huge effort across the entire supply chain, as well as ensuring that
enough fast charging infrastructure is available to keep all new electric vehicles … on the road,” he
added.
The U.K. is one of many countries looking to end the sale of petrol and diesel vehicles.
Denmark, for example, has proposed a phase-out of new diesel and petrol car sales in 2030.
And Norway, long recognized as a world leader in the adoption of electric vehicles, wants all new
light vans and passenger cars sold to be zero emission by the year 2025.
Back in the U.K. Mike Hawes, who is chief executive of the Society of Motor Manufacturers and
Traders (SMMT), said the “new deadline, fast-tracked by a decade, sets an immense challenge.”
Hawes went on to add that the SMMT was pleased to see the government “accept the importance
of hybrid transition technologies” and “commit to additional spending on purchase incentives.”
“Investment in EV manufacturing capability is equally welcome as we want this transition to be
‘made in the U.K.’, but if we are to remain competitive – as an industry and a market – this is just
the start of what’s needed.”
Copyright © 2020 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 November 21-2020 Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Oil Rises for Third Straight Week on Covid-19 Vaccine Optimism
Bloomberg + NewBase
Oil rose to the highest in nearly three months with positive Covid-19 vaccine developments paving
the way for a more sustained recovery in oil demand.
West Texas Intermediate for December delivery, which expired Friday, rose 41 cents to settle at
$42.15 a barrel. The January contract rose 52 cents to end the session at $42.42 a barrel
Brent for January settlement gained 76 cents to $44.96 a barrel. The contract rose 5.1% this week
Futures rose 5% in New York this week for a third straight weekly gain as Pfizer Inc. and BioNTech
SE requested emergency authorization of their Covid vaccine Friday. Moderna Inc. also released
positive interim results from a final-stage trial and said it’s close to seeking emergency authorization.
Still, further gains were limited by broader market declines amid a dispute between the White House
and the Federal Reserve over emergency lending programs.
Oil price special
coverage
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“All the incremental vaccine updates are good news for 2021,” but in the meantime, “the virus spread
is just going to get worse,” said Edward Moya, a senior market analyst at Oanda Corp. “We don’t
have the two most important working arms of the government working together and this is going to
weigh on risk appetite.”
Even with vaccines on the horizon, a recovery in oil demand faces obstacles with governments
under pressure to tighten restrictions and curb the spread of the virus. U.K. Prime Minister Boris
Johnson’s officials are considering tougher pandemic rules placed on broader regions of England
next month after a national lockdown is set to end and the country returns to its tiered system.
Meanwhile, the shift toward working from home may have a lasting chill on gasoline demand,
according to Federal Reserve Bank of Kansas City President Esther George.
The recent climb in headline prices has been accompanied by significant moves in timespreads,
where traders bet on the price of oil in different months. The spread between West Texas
Intermediate for December 2021 delivery and the following month moved to backwardation, while
the closely watched gap between December 2021 and 2022 WTI contracts is close to also flipping.
“The far out months are being bid up pretty good,” said Phil Streible, chief market strategist at Blue
Line Futures LLC in Chicago. “People believe that it’s going to take some time to distribute the
vaccine once they’re approved. Then things will really open up probably second half of next year.”
Pfizer and BioNTech’s vaccine could be the first to be cleared for use, but first it must undergo a
thorough vetting. The filing could enable its use by the middle to the end of December, the
companies said in a statement. Yet, it could take at least three weeks for a U.S. Food and Drug
Administration decision.
Copyright © 2020 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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This week, crudes in West Texas rose to the highest premiums against Nymex oil futures in several
months as ongoing shale production cuts have reduced supply and Asian demand has picked up.
WTI in Midland is trading at 35 cents per barrel above WTI futures, the highest premium since July.
On the Gulf Coast, the same grade is trading at 80 cents over Nymex crude futures, the widest
premium since September.
Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
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NewBase Special Coverage
The Energy world – Nov. 21 -2020
Virtual power plants are transforming energy. Here's how
Today, it is a tourist destination that also points towards the future of energy, as home to one of
Europe’s largest virtual power plants – a digital control system connecting energy generators and
storage systems that monitors the grid and makes ongoing adjustments to balance, supply and
demand.
Virtual power plants not only add stability to the grid, they make it more efficient and more
sustainable – and they create profit opportunities for businesses.
The Terhills site hosts 140 lithium-ion batteries with a total energy capacity of 18 megawatts. The
battery storage there is combined with the energy flexibility of factories and other major energy
producers in Belgium to create a 32MW virtual power plant.
This represents an “always on” energy capacity the equivalent of 10 wind turbines, which can be
made available to the grid at a speed 100 times faster than switching on a traditional gas plant.
At the Terhills site, there are two main elements: energy storage and flexible energy demand.
The fastest-growing form of energy storage being developed today is industrial-scale batteries that
are being used for innovative solutions. There are two main types:
Rechargeable cell-based batteries - these comprise one or more electrochemical cells of varied
shapes and sizes. Lithium-ion batteries are the most popular, found in everything from smartphones
to electric vehicles to virtual power plants on Belgian holiday resorts.
Flow batteries - a rechargeable battery that normally uses two liquid electrolytes stored in separate
tanks. The liquid in one tank is positively charged and in the other negatively charged. These two
liquids are pumped into the battery when required.
One of Europe’s largest battery storage projects is Centrica Business Solution’s 49MW Roosecote
battery in Barrow, Cumbria.
Copyright © 2020 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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The Roosecote battery is made from more than 100,000 lithium-ion battery cells. The energy from
these is enough to power 50,000 homes, and can be made available to the grid in half a second.
On-site battery storage offers businesses security of supply and the potential to decarbonise their
energy use.
These benefits go hand-in-hand with the move to onsite energy generation, something that,
according to a poll by Centrica Business Solutions in 2019, the majority of businesses are
considering. The survey of businesses in North America and Europe found that two-thirds of
businesses are generating more than 10% of their energy on-site already, with 80% anticipating
they will increase use of on-site generation over the next 5 years.
Another key benefit of battery storage for businesses is the ability to generate additional revenues,
by feeding electricity back into the grid or by reducing their demand at peak times and using energy
from the grid when it is cheapest. This also provides the opportunity to participate in the flexibility
and demand-response markets run by European and North American operators.
While battery storage offers valuable extra capacity to grid operators struggling to balance supply
with demand, it comes into its own when businesses also have the ability to flex their demand. It is
at this point that the energy they are offering can start to be considered "virtual".
Flexibility and demand-response markets are well established on both sides of the Atlantic.
However, in the past flexible energy supply
has meant starting up a diesel generator,
while demand-response markets – where
major energy users cut their use at peak
times – were planned far in advance.
Today, batteries can provide flexible
supply in a fraction of the time it takes to
start up a generator. Similarly,
technologies such as the Internet of Things
and Artificial Intelligence are combining to
make demand response calls by grid
operators something that can now happen
in seconds, without impacting significantly
on business operations.
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Software such as Centrica Business Solutions' Flexpond connects to thousands of IoT sensors in
factories and commercial buildings, and can adjust their demand within seconds.
It has built-in AI that learns how and when machines use energy, and can then target the most
appropriate machines for energy reduction during a demand response call by the grid.
The near-instantaneous response of such systems provides virtual energy capacity for grid
operators, and it is proving popular with major users.
The demand-response market is growing rapidly in North America, the UK and Europe. In North
America alone, the market is estimated to more than double in value to $18 billion in 2022 from $8
billion in 2018.
More than half of that will come from industrial users. The next largest element will come from
residential premises, as smart homes and smart metering technologies combine with AI to finetune
domestic consumers’ energy use in real time.fo
From the latest lithium-ion batteries to AI-controlled energy use, the growth of virtual power plants
is indicative of how technology is transforming energy today.
Firstly, technology is helping decarbonise energy. Battery storage is helping make renewables a
more reliable source for both grid operators and businesses. Smarter energy sensing through
everything from smart meters to AI-enabled IoT devices also means we can all understand and
control our use more efficiently.
Secondly, technology is helping to decentralise energy. Fifty years ago, the energy map of most
industrialised nations was that of a handful of centralised, large-scale power plants pushing energy
out across the grid.
In just a few years’ time, that energy map will have completely transformed to an intricate network
of thousands of small generators – real and virtual – and storage facilities all moving energy within
Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
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their local areas. The solar panels on the roofs of homes and offices, the batteries in factories and
holiday resorts will all play a key role in the future of energy.
Reducing energy costs and driving growth,How energy optimisation can help reduce costs, increase
flexibility and improve resilience.
Why the energy revolution starts at home
Carl Bayliss, Centrica’s Vice President, Mobility & Home Energy, tells us more about the future of
energy in the home. Ovo Energy Ltd has partnered with a Royal Dutch Shell Plc subsidiary to offer
rooftop solar and batteries to homes in Spain.
The deal is the latest in a trend where energy suppliers offer complete energy systems that turn
households into virtual power plants. Ovo’s Spanish offering is similar to Tesla Inc’s tariff launched
in the U.K. last month that combines solar panels and a battery. Ovo is also carrying out a home
battery trial in the U.K. with Sonnen.
The company entered the Spanish market last year and now has thousands of customers.
Residential solar in Spain is forecast to reach 1 million rooftops by 2025 and is expected to be a
large contributor to meeting the nation’s 74% renewable generation goal by 2030.
“The Spanish grid already has a significant amount of solar from the first wave of installations which
happened about 10 years ago, and we’re expecting to see another wave as the cost of solar has
come down,” Toby Ferenczi, Director of Ovo International said in an interview.
Sonnen is the world’s largest manufacturer of residential batteries and it is providing the storage
technology. Ovo provides the customers and uses its Kaluza technology to optimize deployment of
the battery to the grid. Spanish company Webatt Energy will install the kit in people’s homes.
The grid in Spain is set up so that households can sell excess energy to their neighbors in the local
distribution grid. Those who sign up to the plan will be able to either power their homes directly by
solar energy, store it, or sell it back to the grid in times of peak demand.
Ovo is focused on making the offering cost competitive, Ferenczi said. “What’s important is making
these solutions deliver savings over the long-term,” he said. “You can see it as an investment
product, where the end user or homeowner is investing to save, but they’re getting a return on that
investment over the long period.”
The plan will be available to Ovo customers in Catalonia, Madrid, Valencia and Andalusia before
being expanded to other regions. Ovo is the U.K.’s second-biggest energy supplier after Centrica
Plc and is also a supplier in France, Spain and Australia.
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Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 17
NewBase Energy News 21 November 2020 - Issue No. 1388 call on +971504822502, UAE
The Editor:” Khaled Al Awadi” Your partner in Energy Services
NewBase energy news is produced Twice a week and sponsored by Hawk Energy Service – Dubai, UAE.
For additional free subscriptions, please email us.
About: Khaled Malallah Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
www.linkedin.com/in/khaled-al-awadi-38b995b
Mobile: +971504822502
khdmohd@hawkenergy.net or khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with over 30 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 the UAE operations base. Khaled is the Founder
of NewBase Energy, and an international consultant, advisor, ecopreneur and
journalist with expertise in Gas & Oil pipeline Networks, waste management, waste-
to-energy, renewable energy, environment protection and sustainable development.
His geographical areas of focus include Middle East, Africa and Asia. Khaled has
successfully accomplished a wide range of projects in the areas of Gas & Oil with
extensive works on Gas Pipeline Network Facilities & gas compressor stations.
Executed projects in the designing & constructing of gas pipelines, gas metering &
regulating stations and in the engineering of gas/oil supply routes. Has drafted &
finalized many contracts/agreements in products sale, transportation, operation & maintenance agreements.
Along with many MOUs & JVs for organizations & governments authorities. Currently dealing for biomass
energy, biogas, waste-to-energy, recycling and waste management. He has participated in numerous
conferences and workshops as chairman, session chair, keynote speaker and panelist. Khaled is the Editor-
in-Chief of NewBase Energy News and is a professional environmental writer with more than 1400 popular
articles to his credit. He is proactively engaged in creating mass awareness on renewable energy, waste
management and environmental sustainability in different parts of the world. Khaled has become a reference
for many of the Oil & Gas Conferences and for many Energy program broadcasted internationally, via GCC
leading satellite Channels. Khaled can be reached at any time, see contact details above.
NewBase: For discussion or further details on the news above you may contact us on +971504822502, Dubai, UAE
NewBase 2020 K. Al Awadi
Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 18
Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 19
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New base energy news 21 november 2020 issue no-1388 senior editor eng- khaled al awadi

  • 1. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 1 NewBase Energy News 21 November 2020 - Issue No. 1388 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 nuclear plant Unit 1 reaches 80pc power capacity Gulftoday + NewBase Nawah Energy Company (Nawah), the joint venture nuclear operations and maintenance subsidiary of the Emirates Nuclear Energy Corporation (Enec) and Korea Electric Power Corporation (Kepco), have announced that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 80% of the Unit 1 reactor’s rated capacity power. The milestone is an important step in the ongoing Power Ascension Testing (PAT) of Unit 1, which involves slowly raising the reactor power levels while collecting data and tuning control and safety systems. Throughout this process, the systems of Unit 1 are monitored and tested to ensure their compliance with national regulatory requirements and the highest international standards of safety, quality, security and reliability. The PAT is being conducted under the oversight of the UAE’s independent nuclear regulator, the Federal Authority for Nuclear Regulation (FANR), which has conducted more than 280 inspections since the start of Barakah’s development. These national reviews have been supported by more than 40 assessments and peer reviews by the International Atomic Energy Agency (IAEA) and World Association of Nuclear Operators (WANO). www.linkedin.com/in/khaled-al-awadi-38b995b
  • 2. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 2 Nawah’s operations team at Unit 1 are now working to increase the plant’s electricity production to 100% capacity, marking the final stage of PAT. Following the achievement of 100% power, Unit 1 will be gradually shut down to enable the commencement of a Check Outage. During the Check Outage, which takes place over a period of several months, Unit 1’s systems will be carefully examined, and any planned or corrective maintenance will be performed to ensure its safety, reliability and security prior to the commencement of commercial operations. TRANSCO has constructed 952 kilometres of 400 kV overhead lines to connect the Barakah Nuclear Energy Plant Unit 1 to the Abu Dhabi electricity grid to ensure the power generated at Barakah is safely, securely and reliably delivered to consumers across the UAE. Dr Afif Saif Al Yafei, Chief Executive Officer of TRANSCO, said, "TRANSCO is proud to have partnered with ENEC and its operation and maintenance subsidiary, Nawah, and we look forward to advancing our partnership for the next stages of the project." Unit 1's nuclear operators will begin the process of gradually raising the power levels, known as Power Ascension Testing (PAT) and once the process is completed, Unit 1 will deliver at full capacity. ENEC recently announced the construction completion of Unit 2, with operational readiness preparations now underway by Nawah. Construction of Units 3 and 4 of the Barakah Nuclear Energy Plant are in their final stages.
  • 3. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 3 Saudi Arabia Aim Next to Be Largest Exporters of Hydrogen Bloomberg - Verity Ratcliffe, Salma El Wardany, and Matthew Martin The world’s biggest oil exporter has set its sights on also becoming the largest supplier of hydrogen, a fuel seen as pivotal for curbing climate change. Saudi Arabia has “ambitious” plans and “will not be challenged in its record of being the biggest exporter of hydrogen on earth,” Energy Minister Prince Abdulaziz bin Salman said at a news briefing in Riyadh. The kingdom’s large natural gas reserves enable it to produce blue hydrogen, he said, referring to a form of the fuel that’s made when gas is reformed and the carbon dioxide byproduct is captured. In September, the country shipped the world’s first cargo of blue hydrogen, which was converted into ammonia, to Japan. The kingdom also plans to generate hydrogen from solar power -- so-called green hydrogen -- at a $5 billion facility in Neom, a futuristic city being built on the Red Sea, starting in 2025. By adding hydrogen to its mix, Saudi Arabia hopes to preserve its role as an important energy supplier as more countries shift away from pollution-emitting fossil fuels. Yet, hydrogen is difficult to transport and requires plenty of energy to produce, making it expensive. Green hydrogen costs between 3.50 euros ($4.15) and 5.00 euros per kilogram, according to the International Energy Agency. That compares with around 1.5 euros for the conventional, dirtier process that produces so-called grey or brown hydrogen. The cost of producing blue hydrogen lies in between these two levels. World’s Largest Green Hydrogen Project Unveiled in Saudi Arabia Air Products, the world’s leading hydrogen producer, plans to power a huge green hydrogen plant using 4 gigawatts of Saudi renewable electricity. Massive green hydrogen facility would be part of Saudi Arabia's planned Neom "smart city" project.
  • 4. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 4 Air Products & Chemicals, the U.S. industrial gas giant, announced plans on Tuesday to build a green hydrogen plant in Saudi Arabia powered by 4 gigawatts of wind and solar power, the world's largest such project announced so far. The $5 billion plant will be jointly owned by Air Products, Saudi Arabia's ACWA Power and Neom, a new mega-city planned near Saudi Arabia’s borders with Egypt and Jordan. The completed facility will produce 650 tons of green hydrogen daily, enough to run around 20,000 hydrogen-fueled buses, Air Products said. The fuel will be shipped as ammonia to end markets globally then converted back to hydrogen. Ammonia production is expected to start in 2025. The project would be a big step forward for Saudi Arabia's ambition for Neom to become an important global center for renewable energy and green hydrogen. The country is establishing Neom as a special economic zone, with an ambition to host 1 million people from around the world. "This is a pivotal moment for the development of Neom and a key element in Saudi Vision 2030 contributing to the Kingdom’s clean energy and circular carbon economy strategy," Neom CEO Nadhmi Al Nasr said in a statement. Speaking to analysts on a conference call on Tuesday, Air Products CEO Seifi Ghasemi said the company is confident the project will be viable without subsidies given the accelerating global race for low-carbon transport fuels. Any government support would be "icing on the cake." “There are 260 million commercial vehicles in the world. If 1 percent converts to hydrogen, you end up with huge numbers that would require 50 plants like this," Ghasemi said. "We’ve been working on this for four years, and our strategy was to be the first to build a mega-scale plant." In addition to the $5 billion plant, the project will require $2 billion of new distribution infrastructure, to be owned by Air Products. A price premium for green hydrogen? Asked whether the project economics would stand up to current hydrogen prices, Ghasemi said yes, before correcting himself and saying that green hydrogen will garner a premium. Green hydrogen is currently uncompetitive with its gray cousin, which is produced using natural gas. Competitively priced green hydrogen will require low power prices and high electrolyzer utilization rates. Air Products believes it can secure both with a large pool of offtakers and access to Saudi Arabia’s vast renewable energy resources. ACWA Power has delivered a series of major solar projects in recent years and has previously achieved record-low solar prices in the region. German's thyssenkrupp will supply the electrolyzers. Last month the company revealed its electrolyzer manufacturing capacity had reached 1 gigawatt, with the option to ramp up further. Norwegian firm Nel and the U.K.’s ITM Power are also developing electrolyzer gigafactories. A number of major oil and industrial players are rapidly accelerating their investments into green hydrogen. BP is studying the feasibility of an ammonia plant in Australia, powered by 1.5 gigawatts of wind and solar, previously thought to be the largest such plan. "Hydrogen is not niche anymore," Christoph Noeres, head of energy storage and hydrogen at thyssenkrupp, told GTM in an email. “It will enable the sector coupling [required] to reach the Paris Agreement’s climate goals. Hydrogen has been identified to be the key element for sustainable fuels and chemicals and can reduce or avoid CO2 in sectors where electrification is not possible.”
  • 5. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 5 Saudi Aramco Turns to Bonds to Help Fund $75 Billion Dividend Bloomberg - Ken McCallum Saudi Aramco, the world’s biggest oil company, is set to return to the bond markets for the first time since April of last year as it seeks to fund a $75 billion dividend commitment. The company, which hired banks including Goldman Sachs Group Inc. for the bond sale, needs to raise debt after slumping crude prices caused profit to fall by 45% in the third quarter. That’s left it unable to generate enough cash to fund the investor payouts, most of which go to the Saudi government, which needs the money to plug a widening budget deficit. Aramco has slashed spending, cut jobs, and is considering selling some assets. Despite these efforts to conserve cash, its gearing -- a measure of debt as a percentage of equity -- has risen to 21.8%, above its target range of 5% to 15%. Read more: Saudi Arabia’s Stretched Finances Entangle Cash Cow Aramco The state-controlled energy firm, which sold shares on the Saudi stock exchange last year, will hold calls with fixed-income investors starting from Monday, according to a person familiar with the matter. A dollar deal with tranches maturing in three, five, 10, 30 and 50 years may follow, depending on investor demand, the person said. Aramco would look at using “all the instruments available to us,” Chief Executive Officer Amin Nasser said in June. Aramco’s debut bond sale last year raised $12 billion and was one of the most oversubscribed debt offerings in history, attracting more than $100 billion in investor orders. The other banks chosen by Aramco as active bookrunners for the new deal are Citigroup Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Morgan Stanley and Riyadh-based NCB Capital.
  • 6. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 6 U.S: Trump to Rush plans to auction Drilling Leases in Arctic Bloomberg + NewBase The Trump administration is advancing plans to auction drilling rights in the U.S. Arctic National Wildlife Refuge before the inauguration of President- elect Joe Biden, who has vowed to block oil exploration in the rugged Alaska wilderness. The Interior Department is set to issue a formal “call for nominations” as soon as Monday, kick-starting a final effort to get input on what tracts to auction inside the refuge’s 1.56-million-acre coastal plain. The plans were described by two people familiar with the matter who asked not to be named detailing administration strategy. Biden has pledged to permanently protect the refuge, saying drilling there would be a “big disaster.” But those efforts could be complicated if the Trump administration sells drilling rights first. Formally issued oil and gas leases on federal land are government contracts that can’t be easily yanked. The U.S. Geological Survey has estimated the refuge’s coastal plain might hold between 4.3 billion and 11.8 billion barrels of technically recoverable crude. Yet it’s unclear how many oil companies would have the appetite to mount costly operations in the remote Arctic wilderness amid low crude prices, steep public opposition, and regulatory uncertainty. Major U.S. banks have sworn off financing Arctic drilling projects, and conservationists are also pressuring oil executives to rule out work in the region.
  • 7. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 7 Truly Wild Environmentalists argue Arctic oil development imperils one of the country’s last truly wild places - - a swath of northeast Alaska populated by polar bears, caribou, and more than 200 species of birds. The Trump administration is also fast-tracking a proposal to conduct 3-D seismic surveys inside the refuge before Jan. 20. The surveys can help pinpoint possible underground oil reserves, but environmentalists warn they are large industrial operations that threaten polar bears hidden in snow- covered dens. Oil companies that buy leases in the refuge might never get the opportunity to use them while Biden is in the White House. Even if leases are sold and issued before Jan. 20, companies will need permits governing air pollution, animal harm, water usage and rights of way that the new administration could stall or deny. Congress mandated the Interior Department hold two auctions of coastal plain oil leases before Dec. 22, 2024. But environmentalists, states and indigenous groups have already mounted legal challenges against the leasing plan. Any victory by the conservationists or settlement with the Biden administration requiring more environmental review could jeopardize leases. Interior Department representatives didn’t immediately respond to an emailed request for comment. The “call for nominations” will help Interior’s Bureau of Land Management decide the contours of an auction. The agency still must issue a formal “notice of sale” before holding one.
  • 8. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 8 UK plans to ban sales of diesel and petrol cars from 2030 CNBC - Anmar Frangoul + NewBase The U.K. will stop selling new diesel and petrol (gasoline) cars and vans from 2030 under plans announced by Prime Minister Boris Johnson. The move is part of a wider 10-point plan for a so- called “green industrial revolution” aimed at generating as much as 250,000 jobs and combatting climate change. Announced late Tuesday night in an article written by Johnson in the Financial Times, and published on the government’s website Wednesday morning, the plan will focus on a range of areas including carbon capture and storage, low-carbon hydrogen generation, offshore wind and nuclear energy. The vehicle ban represents an acceleration of prior targets; U.K. authorities had previously said the sale of new petrol and diesel vans and cars would end in 2040. In February, they announced an ambition to bring this forward to 2035. The new 2030 target comes after what the government described as “extensive consultation with car manufacturers and sellers.” The government will, however, continue to “allow the sale of hybrid cars and vans that can drive a significant distance with no carbon coming out of the tailpipe until 2035.” In terms of funding, £1.3 billion (around $1.72 billion) will go towards improving electric vehicle (EV) charging infrastructure, while £582 million will be set aside for grants to lower the cost of electric vehicles and encourage uptake. In addition, almost £500 million will be spent across the next four years on “the development and mass-scale production of electric vehicle batteries.” Given that internal combustion engine vehicles still represent the majority of vehicles driven on U.K. roads, there are clear hurdles to overcome if the 2030 target is to be met. “Less than 10% of cars sold in the U.K. during 2020 so far have been battery EVs,” Tom Heggarty, a principal analyst at Wood Mackenzie, said in a statement.
  • 9. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 9 “Getting to 100% will require a huge effort across the entire supply chain, as well as ensuring that enough fast charging infrastructure is available to keep all new electric vehicles … on the road,” he added. The U.K. is one of many countries looking to end the sale of petrol and diesel vehicles. Denmark, for example, has proposed a phase-out of new diesel and petrol car sales in 2030. And Norway, long recognized as a world leader in the adoption of electric vehicles, wants all new light vans and passenger cars sold to be zero emission by the year 2025. Back in the U.K. Mike Hawes, who is chief executive of the Society of Motor Manufacturers and Traders (SMMT), said the “new deadline, fast-tracked by a decade, sets an immense challenge.” Hawes went on to add that the SMMT was pleased to see the government “accept the importance of hybrid transition technologies” and “commit to additional spending on purchase incentives.” “Investment in EV manufacturing capability is equally welcome as we want this transition to be ‘made in the U.K.’, but if we are to remain competitive – as an industry and a market – this is just the start of what’s needed.”
  • 10. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 10 NewBase November 21-2020 Khaled Al Awadi NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE Oil Rises for Third Straight Week on Covid-19 Vaccine Optimism Bloomberg + NewBase Oil rose to the highest in nearly three months with positive Covid-19 vaccine developments paving the way for a more sustained recovery in oil demand. West Texas Intermediate for December delivery, which expired Friday, rose 41 cents to settle at $42.15 a barrel. The January contract rose 52 cents to end the session at $42.42 a barrel Brent for January settlement gained 76 cents to $44.96 a barrel. The contract rose 5.1% this week Futures rose 5% in New York this week for a third straight weekly gain as Pfizer Inc. and BioNTech SE requested emergency authorization of their Covid vaccine Friday. Moderna Inc. also released positive interim results from a final-stage trial and said it’s close to seeking emergency authorization. Still, further gains were limited by broader market declines amid a dispute between the White House and the Federal Reserve over emergency lending programs. Oil price special coverage
  • 11. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 11 “All the incremental vaccine updates are good news for 2021,” but in the meantime, “the virus spread is just going to get worse,” said Edward Moya, a senior market analyst at Oanda Corp. “We don’t have the two most important working arms of the government working together and this is going to weigh on risk appetite.” Even with vaccines on the horizon, a recovery in oil demand faces obstacles with governments under pressure to tighten restrictions and curb the spread of the virus. U.K. Prime Minister Boris Johnson’s officials are considering tougher pandemic rules placed on broader regions of England next month after a national lockdown is set to end and the country returns to its tiered system. Meanwhile, the shift toward working from home may have a lasting chill on gasoline demand, according to Federal Reserve Bank of Kansas City President Esther George. The recent climb in headline prices has been accompanied by significant moves in timespreads, where traders bet on the price of oil in different months. The spread between West Texas Intermediate for December 2021 delivery and the following month moved to backwardation, while the closely watched gap between December 2021 and 2022 WTI contracts is close to also flipping. “The far out months are being bid up pretty good,” said Phil Streible, chief market strategist at Blue Line Futures LLC in Chicago. “People believe that it’s going to take some time to distribute the vaccine once they’re approved. Then things will really open up probably second half of next year.” Pfizer and BioNTech’s vaccine could be the first to be cleared for use, but first it must undergo a thorough vetting. The filing could enable its use by the middle to the end of December, the companies said in a statement. Yet, it could take at least three weeks for a U.S. Food and Drug Administration decision.
  • 12. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 12 This week, crudes in West Texas rose to the highest premiums against Nymex oil futures in several months as ongoing shale production cuts have reduced supply and Asian demand has picked up. WTI in Midland is trading at 35 cents per barrel above WTI futures, the highest premium since July. On the Gulf Coast, the same grade is trading at 80 cents over Nymex crude futures, the widest premium since September.
  • 13. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 13 NewBase Special Coverage The Energy world – Nov. 21 -2020 Virtual power plants are transforming energy. Here's how Today, it is a tourist destination that also points towards the future of energy, as home to one of Europe’s largest virtual power plants – a digital control system connecting energy generators and storage systems that monitors the grid and makes ongoing adjustments to balance, supply and demand. Virtual power plants not only add stability to the grid, they make it more efficient and more sustainable – and they create profit opportunities for businesses. The Terhills site hosts 140 lithium-ion batteries with a total energy capacity of 18 megawatts. The battery storage there is combined with the energy flexibility of factories and other major energy producers in Belgium to create a 32MW virtual power plant. This represents an “always on” energy capacity the equivalent of 10 wind turbines, which can be made available to the grid at a speed 100 times faster than switching on a traditional gas plant. At the Terhills site, there are two main elements: energy storage and flexible energy demand. The fastest-growing form of energy storage being developed today is industrial-scale batteries that are being used for innovative solutions. There are two main types: Rechargeable cell-based batteries - these comprise one or more electrochemical cells of varied shapes and sizes. Lithium-ion batteries are the most popular, found in everything from smartphones to electric vehicles to virtual power plants on Belgian holiday resorts. Flow batteries - a rechargeable battery that normally uses two liquid electrolytes stored in separate tanks. The liquid in one tank is positively charged and in the other negatively charged. These two liquids are pumped into the battery when required. One of Europe’s largest battery storage projects is Centrica Business Solution’s 49MW Roosecote battery in Barrow, Cumbria.
  • 14. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 14 The Roosecote battery is made from more than 100,000 lithium-ion battery cells. The energy from these is enough to power 50,000 homes, and can be made available to the grid in half a second. On-site battery storage offers businesses security of supply and the potential to decarbonise their energy use. These benefits go hand-in-hand with the move to onsite energy generation, something that, according to a poll by Centrica Business Solutions in 2019, the majority of businesses are considering. The survey of businesses in North America and Europe found that two-thirds of businesses are generating more than 10% of their energy on-site already, with 80% anticipating they will increase use of on-site generation over the next 5 years. Another key benefit of battery storage for businesses is the ability to generate additional revenues, by feeding electricity back into the grid or by reducing their demand at peak times and using energy from the grid when it is cheapest. This also provides the opportunity to participate in the flexibility and demand-response markets run by European and North American operators. While battery storage offers valuable extra capacity to grid operators struggling to balance supply with demand, it comes into its own when businesses also have the ability to flex their demand. It is at this point that the energy they are offering can start to be considered "virtual". Flexibility and demand-response markets are well established on both sides of the Atlantic. However, in the past flexible energy supply has meant starting up a diesel generator, while demand-response markets – where major energy users cut their use at peak times – were planned far in advance. Today, batteries can provide flexible supply in a fraction of the time it takes to start up a generator. Similarly, technologies such as the Internet of Things and Artificial Intelligence are combining to make demand response calls by grid operators something that can now happen in seconds, without impacting significantly on business operations.
  • 15. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 15 Software such as Centrica Business Solutions' Flexpond connects to thousands of IoT sensors in factories and commercial buildings, and can adjust their demand within seconds. It has built-in AI that learns how and when machines use energy, and can then target the most appropriate machines for energy reduction during a demand response call by the grid. The near-instantaneous response of such systems provides virtual energy capacity for grid operators, and it is proving popular with major users. The demand-response market is growing rapidly in North America, the UK and Europe. In North America alone, the market is estimated to more than double in value to $18 billion in 2022 from $8 billion in 2018. More than half of that will come from industrial users. The next largest element will come from residential premises, as smart homes and smart metering technologies combine with AI to finetune domestic consumers’ energy use in real time.fo From the latest lithium-ion batteries to AI-controlled energy use, the growth of virtual power plants is indicative of how technology is transforming energy today. Firstly, technology is helping decarbonise energy. Battery storage is helping make renewables a more reliable source for both grid operators and businesses. Smarter energy sensing through everything from smart meters to AI-enabled IoT devices also means we can all understand and control our use more efficiently. Secondly, technology is helping to decentralise energy. Fifty years ago, the energy map of most industrialised nations was that of a handful of centralised, large-scale power plants pushing energy out across the grid. In just a few years’ time, that energy map will have completely transformed to an intricate network of thousands of small generators – real and virtual – and storage facilities all moving energy within
  • 16. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 16 their local areas. The solar panels on the roofs of homes and offices, the batteries in factories and holiday resorts will all play a key role in the future of energy. Reducing energy costs and driving growth,How energy optimisation can help reduce costs, increase flexibility and improve resilience. Why the energy revolution starts at home Carl Bayliss, Centrica’s Vice President, Mobility & Home Energy, tells us more about the future of energy in the home. Ovo Energy Ltd has partnered with a Royal Dutch Shell Plc subsidiary to offer rooftop solar and batteries to homes in Spain. The deal is the latest in a trend where energy suppliers offer complete energy systems that turn households into virtual power plants. Ovo’s Spanish offering is similar to Tesla Inc’s tariff launched in the U.K. last month that combines solar panels and a battery. Ovo is also carrying out a home battery trial in the U.K. with Sonnen. The company entered the Spanish market last year and now has thousands of customers. Residential solar in Spain is forecast to reach 1 million rooftops by 2025 and is expected to be a large contributor to meeting the nation’s 74% renewable generation goal by 2030. “The Spanish grid already has a significant amount of solar from the first wave of installations which happened about 10 years ago, and we’re expecting to see another wave as the cost of solar has come down,” Toby Ferenczi, Director of Ovo International said in an interview. Sonnen is the world’s largest manufacturer of residential batteries and it is providing the storage technology. Ovo provides the customers and uses its Kaluza technology to optimize deployment of the battery to the grid. Spanish company Webatt Energy will install the kit in people’s homes. The grid in Spain is set up so that households can sell excess energy to their neighbors in the local distribution grid. Those who sign up to the plan will be able to either power their homes directly by solar energy, store it, or sell it back to the grid in times of peak demand. Ovo is focused on making the offering cost competitive, Ferenczi said. “What’s important is making these solutions deliver savings over the long-term,” he said. “You can see it as an investment product, where the end user or homeowner is investing to save, but they’re getting a return on that investment over the long period.” The plan will be available to Ovo customers in Catalonia, Madrid, Valencia and Andalusia before being expanded to other regions. Ovo is the U.K.’s second-biggest energy supplier after Centrica Plc and is also a supplier in France, Spain and Australia. LEARN MORE
  • 17. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 17 NewBase Energy News 21 November 2020 - Issue No. 1388 call on +971504822502, UAE The Editor:” Khaled Al Awadi” Your partner in Energy Services NewBase energy news is produced Twice a week and sponsored by Hawk Energy Service – Dubai, UAE. For additional free subscriptions, please email us. About: Khaled Malallah Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Emarat member since 1990 ASME member since 1995 Hawk Energy member 2010 www.linkedin.com/in/khaled-al-awadi-38b995b Mobile: +971504822502 khdmohd@hawkenergy.net or khdmohd@hotmail.com Khaled Al Awadi is a UAE National with over 30 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 the UAE operations base. Khaled is the Founder of NewBase Energy, and an international consultant, advisor, ecopreneur and journalist with expertise in Gas & Oil pipeline Networks, waste management, waste- to-energy, renewable energy, environment protection and sustainable development. His geographical areas of focus include Middle East, Africa and Asia. Khaled has successfully accomplished a wide range of projects in the areas of Gas & Oil with extensive works on Gas Pipeline Network Facilities & gas compressor stations. Executed projects in the designing & constructing of gas pipelines, gas metering & regulating stations and in the engineering of gas/oil supply routes. Has drafted & finalized many contracts/agreements in products sale, transportation, operation & maintenance agreements. Along with many MOUs & JVs for organizations & governments authorities. Currently dealing for biomass energy, biogas, waste-to-energy, recycling and waste management. He has participated in numerous conferences and workshops as chairman, session chair, keynote speaker and panelist. Khaled is the Editor- in-Chief of NewBase Energy News and is a professional environmental writer with more than 1400 popular articles to his credit. He is proactively engaged in creating mass awareness on renewable energy, waste management and environmental sustainability in different parts of the world. Khaled has become a reference for many of the Oil & Gas Conferences and for many Energy program broadcasted internationally, via GCC leading satellite Channels. Khaled can be reached at any time, see contact details above. NewBase: For discussion or further details on the news above you may contact us on +971504822502, Dubai, UAE NewBase 2020 K. Al Awadi
  • 18. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 18
  • 19. Copyright © 2020 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 19 For Your Recruitments needs and Top Talents, please seek our approved agents below