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Category Archives: Energy

Chart: China Electricity Consumption Rose in June 2022

Source : 新华网

Chart: Coal and Natural Gas Still Dominate Global Power Source

Source : Caixin

Chart: China Imports of Russian Energy Up 72% YoY in June 2022

Source : China Custom

Chart: The Countries Reliant On Nuclear Power

Source : Statista

Infographic: Battery Vs. Hydrogen Fuel Cell Electric Vehicles

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Source : Visual Capitalist

China’s Refinery Output in First Annual Decline Since At Least 2011

Chen Aizhu wrote . . . . . . . . .

China’s refinery throughput for the six months to June marked the first annual decline for the period since at least 2011, data showed on Friday, as strict COVID-19 restrictions and fuel export curbs dampened production.

For June, output was 54.94 million tonnes, according to data from the National Bureau of Statistics (NBS), bringing January-June processing volumes to 332.22 million tonnes or 13.4 million barrels per day (bpd), down 6% from a year earlier.

The production in June was equivalent to 13.37 million bpd – up 5% from 12.7 million bpd in May, but about 10% below the all-time high of 14.8 million bpd reached in June 2021.

The month-on-month rebound came as some independent refiners began raising production late in May, after steep cuts between February and April, in response to a moderate pick up in demand as some COVID-19 curbs were eased.

The return of Sinopec Corp’s Yangzi and Hainan refineries from overhauls also contributed to the higher processing, though the state major had to close a 320,000 bpd plant in Shanghai due to a fire on June 18.

China’s demand for refined oil products has been falling since March amid strict curbs to contain the spread of COVID, with gasoline and aviation fuel the worst hit.

But analysts expect throughput to pick up in the third quarter as Beijing tweaks its COVID policy and accelerates infrastructure spending to help revive a flagging economy. read more

China has already issued fuel export quotas earlier than expected, which could help refiners boost output. read more

The NBS data showed China’s crude oil production rose 3.6% on the year to 17.19 million tonnes last month, with daily output hitting an all-time high at 4.18 million bpd.

Production in the first six months rose 4% versus a year earlier to 102.88 million tonnes (4.15 million bpd), as national oil firms accelerated developing conventional and unconventional resources on Beijing’s call to boost domestic supply security.

Despite record production, the increase remains marginal as China imports nearly three quarters of its crude oil needs.

Growth in natural gas production, however, slowed to 0.4% in June from a year earlier to 17.3 billion cubic meters, but output year-to-date rose 4.9%.

(tonne = 7.3 barrels for crude oil)

Source : Reuters

Charts: U.S. Strategic Petroleum Reserve Down Below 500 million Barrels

Source : Bloomberg

Infographic: Who’s Still Buying Fossil Fuels From Russia?

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Source : Visual Capitalist

Tesla Is Killing Off Coal and Gas Peaker Plants with Its Giant Battery Projects

Nicolás Rivero wrote . . . . . . . . .

In 2019, Tesla introduced the Megapack, a battery the size of a shipping container designed to kill coal- and gas-fired “peaker” power plants.

Peaker plants sit idle for most of the day, but fire up to provide extra energy whenever demand for electricity spikes and the power grid can’t keep up. Tesla pitched Megapack batteries as a more climate-friendly alternative to peaker plants because they can store renewable energy when electricity demand is low, and then pump power back onto the grid when demand peaks.

Over the past year, Tesla has stepped up the pace of its big battery projects—and the Megapack is starting to live up to its peaker-plant-killing promise.

Tesla built its biggest battery installation ever in April, which will help California power utility Pacific Gas and Electric replace natural gas plants it plans to phase out starting in 2023. Later this year, Tesla will build its second and third biggest-ever battery projects to shut down the last coal plant in Hawaii and help replace one of the most carbon-polluting coal plants in New Mexico.

Tesla is accelerating utility-scale battery construction

Megapacks are utility-scale batteries, meaning a power company can use them as a backup to store electricity for hundreds or thousands of customers. Each Megapack battery can store three megawatt-hours (MWh) of electricity, enough to power about 100 US homes for a day. Tesla’s biggest battery installation involves 256 Megapack battery units with a combined storage capacity of 730 MWh, enough to power about 25,000 US homes for a day or nearly 600,000 homes for an hour.

Tesla’s pace of utility-scale battery construction increased nearly 10-fold in 2021, according to the Tesla Megapack Tracker, an independent database run by software engineer Lorenz Gruber, who monitors battery projects with at least five megawatt-hours of storage capacity. If Tesla’s Hawaii and New Mexico battery projects come online later this year as expected, Tesla will break last year’s installation record by at least 50%.

Tesla isn’t the only company building utility-scale batteries. Rival battery makers including LG and Samsung, along with local power utilities, have built energy storage projects at similar scale. Meanwhile, Chinese firms are ramping up battery construction, and the country’s dominant utility, State Grid, has set aggressive goals to surpass the US in battery storage by 2030.

The race to build big batteries could build fortunes for the companies that come to dominate the industry—and will play a crucial role in weaning the world off of fossil fuels.

Source : QUARTZ

Chart: How Affordable is Gas in Latin America?