Daily Archives: August 6, 2010

Masa Serdarevic

The smart electricity market in the European Union is expected to expand rapidly in coming years, according to a report by Greenbang, an independent sustainability research house, which sees the meter market hitting between $24bn and $26bn by 2020

Government initiatives, growing demand for energy, and rising oil prices are all expected to result in between 133m to 145m new smart meters being installed by the end of the decade. Recently the EU set the target of installing smart meters in 80 per cent of households by 2020.

The report stated:

The top countries for this market will probably be those that haven’t yet implemented smart metering on any meaningful scale: Germany, the UK and Poland. France and Spain are also set to make a significant impact in the next few years, with announced projects already in the
early stages.

It is estimated that only about 53m smart meters are currently installed across Europe.

Masa Serdarevic

Elsewhere this Friday,

- How an oil supply crunch can lead to lower prices (at least for a while!)

- What the Zapatistas can teach us about the climate crisis

Energy independence in the US in 15 years?

- What’s holding biofuels back?

- US sanctions on Iran could exempt oil exports

- Interactive timeline: BP oil spill disaster

Masa Serdarevic

- Cement finally seals BP’s Macondo oil well – FT

- New spat over BP Macondo disaster – FT

- BP offers Asian and Venezuelan projects to Rosneft and TNK-BP, Vedmosti reports – Bloomberg

- Rio reaps benefit of iron ore surge – FT

- Ferrexpo to double iron ore output – FT

- Indian Oil may sell new shares if government cuts holdings in company – Bloomberg

- Chevron urges arbitration in $27bn Ecuador case – Reuters

- Pressure intensifies on nickel tycoon – FT

- Pemex delays drilling in Gulf to test deep-water equipment – Bloomberg

- EDF deal shows Li’s faith in the old order – FT

- Development of Delaware offshore wind project delayed by BP spill – Green Energy Reporter

- Australian firm signs forest CO2 deal with Malaysia tribes – Reuters

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