Conclusion of Cooperation agreement with Wiren Board

We are pleased to announce, that today our Russian Branch concluded a Cooperation agreement with Wiren Board a well-known Russian designer and manufacturer of electronics for automation and monitoring.

Equipment of this manufacture has been used on all our projects so far and which we intend to use further to develop the product which we will soon announce. This remarkable event is another small step to our strategic goal to become a global provider of efficient and economic solutions to small and midsize users and clients to manage energy consumption and improve profitability of operations.

Further information about Wiren Board and it's products can be obtained from Company's web site
World Nuclear Performance Report 2020

Electricity generated from the world's nuclear reactors increased for the seventh consecutive year in 2019, with electricity output reaching 2657 TWh. This was an increase of 95 TWh on the previous year, and the second highest ever output.
Nuclear generation nears record high

Nuclear generation reached a near-record high in 2019, with output reaching 2657 TWh, enough to meet more than 10% of the world's electricity demand. However, action is needed now to kick-start more than 100 new reactor construction projects that would generate jobs, boost economies and make a major contribution to a clean energy future.
These points are highlighted in the World Nuclear Association Performance Report 2020, which was published today. Launching the report, Agneta Rising, Director General of World Nuclear Association said;

"In 2019, nuclear electricity generation rose for the seventh year running, demonstrating excellent performance. In 2020 the world's nuclear reactors have shown resilience and flexibility, adapting to changes in demand while ensuring stable and reliable electricity supplies."

Growth was particularly strong in Asia, where nuclear generation rose by 17% in 2019. China has more than tripled nuclear generation in six years, from 105 TWh in 2013 to 330 TWh in 2019, and is now responsible for more than half of nuclear generation in Asia.

While the performance of the world's operating reactors continued to improve, the pace of new nuclear start-ups needs to increase to meet the nuclear industry's Harmony goal. Six reactors, with a combined capacity of 5.2 GWe started supplying electricity, compared to an average annual objective for 2016-2020 of 10 GWe.

Agneta Rising commented;

"Globally there are more than 100 nuclear new build projects that are ready to begin. Each would generate thousands of jobs during construction and hundreds of jobs during 60 years or more of operation. They would help contribute to economic recovery plans and deliver the clean and reliable electricity needed to meet sustainable development goals."

Other key findings from the report

  • Six reactors started up in 2019, four large PWRs commenced operation, one in South Korea, one in Russia and two in China. In addition, two small reactors started up on the world's first purpose-built floating nuclear plants, harboured at Pevek on the northeast Russian coast.
  • Nuclear generation fell fractionally in North America and in West & Central Europe, but rose in Africa, Asia, South America and East Europe & Russia.
  • The average global capacity factor for reactors generating electricity in 2019 rose from 79.8% to 82.5%.
  • More than two-thirds of the world's reactors achieved a capacity factor greater than 80%, This maintains the significant improvement there has been since the 1970s, when fewer than 30% achieved this level of performance.
  • Five reactors reached 50 years of operation in 2019.
  • There is no age-related decline in capacity factor seen in nuclear reactor performance, with average capacity factors increasing with age for reactors between 40 and 50 years old.
  • Thirteen reactors shut down in 2019, four in Japan had not generated since 2011 and three were shut down due to phase-out policies in South Korea, Germany and Taiwan.
  • Construction started on five reactors in 2019, two in China and one each in Iran, Russia and the UK.
  • Median construction time for reactors starting up in 2019 was 117 months. This is above the average achieved since 2001. This is in part due to the majority of reactors entering service in 2019 being first of a kind, or reactors that started construction soon after the initial FOAK reactor.
  • The construction of a new design need not result in a long construction time, Yangjiang 6, the second ACPR-1000 unit to be built, was completed in 66 months.

Flat carbon output in 2019 raises hope that emissions have peaked

The head of the International Energy Agency is "hopeful" that global carbon dioxide emissions have peaked after global output flatlined in 2019.

Carbon emissions from energy fell in advanced economies including the EU and US, where the use of coal — the most polluting fossil fuel — declined by between 15 and 25 per cent. Total emissions from advanced economies' power sectors fell to levels "last seen in the late 1980s", the IEA said.
Fatih Birol, chief of the global energy agency, said strong growth in wind and solar power, large scale transitions from coal to natural gas and higher use of nuclear power all contributed to the fall in CO2 emissions, even as developing economies in Asia continued to burn more coal.

Global CO2 emissions from energy use — which make up the largest portion of green house gases by far — remained unchanged at 33 gigatonnes in 2019 on the year before, data from the IEA data show, even as the world economy expanded by almost 3 per cent.

The new IEA numbers are a welcome surprise. Energy-related CO2 output rose in both 2017 and 2018 and earlier studies had suggested this trend was set to continue, casting doubt on efforts to drastically cut emissions to mitigate climate change. Mr Birol acknowledged that emissions would need to fall more sharply still to meet the goals of the Paris climate agreement, which aims to keep global temperature increases to less than 2 degrees on average.

But he said the first step was to stop them from rising. "We have the energy technologies to do this, and we have to make use of them all," Mr Birol said. "2019 is a year that gives me hope that the 2020s will be a decade of relief." Mr Birol said the new numbers were evidence that the world's governments are capable of doing more. "We are making a big push in the power sector . . . but governments need to increase the focus on energy in transport and energy in industry."
World's largest fund manager BlackRock cuts thermal coal exposure on climate concerns
BlackRock, which has nearly $US7 trillion in funds under management, revealed the policy shift in letters published on its website.

It follows activist pressure on BlackRock as a major shareholder of fossil fuel companies
In his annual letter to the bosses of the companies BlackRock invests in, chief executive Larry Fink said climate change has become a factor in companies' long-term prospects.

"I believe we are on the edge of a fundamental reshaping of finance," Mr Fink wrote.

Mr Fink said BlackRock will require companies to improve their financial disclosure to shareholders in relation to climate risks and sustainability.

"In the absence of robust disclosures, investors, including BlackRock, will increasingly conclude that companies are not adequately managing risk," he wrote.

The majority of BlackRock's funds under management are invested in passive products, such as index-tracking funds.

The $US1.8 trillion in assets it actively manages will no longer be invested in companies that generate more than 25 per cent of their revenue from thermal coal production.

BlackRock's alternative investments business will make no new direct investments in companies that fall under the same criteria.
JaNuary 15 2020, ABC News
Germany 'wrong to ditch nuclear power'
Germany was wrong to abandon nuclear power, the energy spokesman for Angela Merkel's party has said.

The last atomic energy plants are due to be shut by the end of 2022, leaving the country struggling to plug the gap in its electricity generation and meet its climate targets as it prepares to abolish its coal industry.
Business leaders and conservative politicians have begun to demand a stay of execution amid soaring energy costs and a looming shortfall in capacity.

Germany will have to replace more than 40 per cent of its electricity sources over the next two decades. Coal-fired power stations still account for more than a third of its generation, with the seven remaining nuclear plants supplying about a tenth.
Japan's Kawasaki set to trial Australian hydrogen exports in 2020

Japan's Kawasaki Heavy Industries on Friday began building facilities in Australia to liquefy and ship hydrogen, aiming to start exporting the fuel in a trial in the second half of 2020.

The A$500 million ($355 million) pilot project in Victoria state is one of several Japan is betting on in a push by Prime Minister Shinzo Abe to put hydrogen into vehicles, homes and power stations, with the Tokyo Olympics as a showcase in 2020.
"The hydrogen economy is already materializing in Japan, and it is wonderful to now be breaking ground here in Australia," Kawasaki board chairman Shigeru Murayama said in a statement.

The demonstration project, backed by the Japanese and Australian governments and the state of Victoria, will produce hydrogen from brown coal from Australia's largest coal mine, Loy Yang, owned by AGL Energy.

The process involves coal reacting with oxygen under high pressure at high temperatures to form syngas, a mixture of mostly carbon monoxide and hydrogen. The carbon monoxide is then converted to carbon dioxide with steam, and the hydrogen is separated out.

The hydrogen gas will then be sent by trailer to be liquefied at the plant that KHI is building and shipped in a specialized ship to Japan.

The project has sparked protests from the local community, which is opposed to the coal industry in the Latrobe Valley and concerned about the impact of shipping on wetlands at the Port of Hastings.

July 19 2019, Reuters