World’s first grid scale liquid air energy storage (LAES) plant launched

The UK firm Highview Power launched the world’s first gird scale Liquid Air Energy Storage (LAES) plant, with 5MW/15MWh energy storage capacity at Bury, UK. The LAES plant is developed in partnership with recycling and renewable energy company Viridor with over £8 million (~$10.6 million) funding from the UK government. The plant is a pilot
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Green for Growth Fund (GGF) to co-finance Serbian wind energy sector at its inception

GGF announced to provide about $37.6 million to Serbia for developing large scale wind power plants to help diversify the country energy sector and reduce emissions. The funds will co-finance the 42 MW Alibunar wind farm and the 158 MW Čibuk 1 wind farm. It is expected that these projects will reduce the emissions by
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Power theft and lack of proper energy policies are primarily responsible for power outages in South Asia

Power outages are very common in South Asia, particularly in small cities and rural areas. It is caused due to insufficient power generation capacity, poorly managed infrastructure and underfunded electricity generation capacity. The inconsistency and the lack of a serious government action plan also compounded the situation. Some countries do not have clear long-term policies
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The Global Wind Energy Market Outlook 2018-2028

The trend towards clean, affordable and reliable power remains one of the key drivers behind the growth in renewable energy. Unlike solar energy, wind power has a huge CapEx. So, to encourage private investors, governments around the world have been providing subsidies and incentives. The strict environmental regulations also supported the market, particularly in matured
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Automaker Peugeot PSA withdraws from Iran, others likely to follow as the deadlines approach

French automaker Peugeot PSA has halted its investments in Iran in response to the US decision to withdraw from the Iran nuclear deal. PSA was in joint ventures with Iranian carmakers Iran Khodro Industrial Group and Saipa. However, it is now seeking a waiver from the US with the French government support. Commodity Inside View:
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AK Steel makes technical advancements to help improve its share in the grain oriented electrical steel market

AK Steel launched a new family of high-permeability grain oriented electrical steel (GOES), which is specially designed for high- and ultrahigh-voltage transformers. The company disclosed that its new TRAN-COR X family of grain oriented electrical steel is a step improvement over its current TRAN-COR H steels. It is expected that the new grade steels will
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Following steel, auto tariffs can be the next to hit NAFTA. Would comparative disadvantage work for the US?

The North American automotive industry is highly integrated. Vehicles are built on shared platforms, enhancing the whole supply chain across the region. Robust demand in the regional automotive industry attracted all major global OEMs to the region which created fierce competition and sophisticated network of OEMs and auto parts suppliers. This enables them to source
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Seamless steel pipe demand to be supported by rising oil prices

Oil and gas industry is one of the largest consumers of seamless tube and pipes. However, demand for pipes remained comparatively low over the past few years due to subdued oil prices. Recently, with the pullout of the US from the Iran nuclear deal sent oil prices to four-year high reaching $80/barrel. Indeed there would
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China closes excess capacity, but diminishing demand will undermine the efforts

China is going to close its outdated steel capacity which will bring the country total steel capacity below one billion tonnes by 2025, according to China Iron and Steel Association (CISA). Commodity Inside understands that this is in line with the country efforts on improving environmental conditions as well with the current Sino-US trade tensions.
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Apple increases its fleet of autonomous cars for open roads tests

Apple has recently added a further 28 autonomous test cars. It has now 83 autonomous test cars in California, according to the state’s Department of Motor Vehicles (DMV). The company is now well ahead of traditional players such as Waymo with 51 cars, Tesla with 39 cars, and Drive.ai with 14 cars. Commodity Inside understands
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