May 9, 2016

Oil prices remain unstable as Canada fire slows

Admin
2 min
Growing caution among investors has been blamed for a drop in oil prices -- despite the wildfire currently raging over 1,500 square kilometres of Can...

Growing caution among investors has been blamed for a drop in oil prices -- despite the wildfire currently raging over 1,500 square kilometres of Canada’s oil sands region.

This follows a significant spike in crude prices last week amid supply constraints and the closure of energy facilities in and around the city of Fort McMurray.

On Friday, BP warned that it would be unable to deliver on some of its Canadian oil contracts, and on Sunday Syncrude Canada Ltd. closed its Northern Alberta oil sands mines and evacuated 1,200 staff.

The rally that has been driving oil prices up following January’s lows has been attributed in part to outages.

It’s estimated that the blaze has reduced Canada’s oil production capacity by over a million barrels per day – well over a third of normal daily production.

While rain and favourable winds have reportedly slowed the fire’s progress, some officials have warned that it could be years before Fort McMurray is running normally again.

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Growing caution among investors has been blamed for a drop in oil prices -- despite the wildfire currently raging over 1,500 square kilometres of Canada’s oil sands region.

This follows a significant spike in crude prices last week amid supply constraints and the closure of energy facilities in the north of the Alberta province.

On Friday, BP warned that it would be unable to deliver on some of its Canadian oil contracts, and on Sunday Syncrude Canada Ltd. closed its Northern Alberta oil sands mines and evacuated 1,200 staff.

The rally that has been driving oil prices up following January’s lows has been attributed in part to outages.

It’s estimated that the blaze has reduced Canada’s oil production capacity by over a million barrels per day – well over a third of normal daily production.

While rain and favourable winds have reportedly slowed the fire’s progress, some officials have warned that it could be years before the region is running normally again.

Follow @EnergyDigital

Read the May 2016 issue of Energy Digital magazine

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Jul 28, 2021

UK Nissan fleet owners receive commercial charging service

EDF
Nissan
Automotive
electricvehicles
Dominic Ellis
3 min
V2G technology developed by DREEV can recharge an EV battery when electricity is at its cheapest, and discharge excess energy to sell back into the grid

UK fleet owners of Nissan Leaf and e-NV200 models can avail of a new commercial charging service using vehicle-to-grid (V2G) technology.

The service, designed to support the grid through low carbon energy consumption, is being provided by EDF, through Group subsidiary DREEV, in partnership with Nissan.

The V2G technology developed by DREEV, which is a joint venture between EDF and Nuvve, which specialises in V2G technology, allows for two-way energy flow; both recharging an EV’s battery when electricity is at its cheapest, and discharging excess energy to sell back into the grid. 

Fleet customers will save around £350 savings per charger each year, which equates to approximately 9,000 miles of driving charge per year.

EDF’s V2G business solution includes:

  • The supply and installation of a two-way connected compact 11kW charger capable of fully charging a Nissan LEAF, depending on the battery model, in 3 hours and 30 minutes - 50 per cent faster than a standard charger - with integrated DREEV technology.

  • A dedicated DREEV smart phone app, to define the vehicles’ driving energy requirements, track their state of charge in real time, and control charging at any time

Philip Valarino, Interim Head of EV Projects at EDF, said today’s announcement marks an important step on the UK’s journey towards electric mobility. "By combining the expertise and capabilities of EDF, Nissan and Dreev we have produced a solution that could transform the EV market as we look to help the UK in its journey to achieve Net Zero," he said. “Our hope is that forward-thinking businesses across the country will be persuaded to convert their traditional fleets to electric, providing them with both an environmental and economic advantage in an increasingly crowded market.”

Andrew Humberstone, Managing Director, NMGB, said Nissan has been a pioneer in 100% electric mobility since 2010, and the integration of electric vehicles into the company is at the heart of Nissan's vision for intelligent mobility.

He added the Nissan LEAF, with more than half a million units already sold worldwide - is the only model today to allow V2G two-way charging and offers economic opportunities for businesses "that no other electric vehicle does today". Click here for more information. 

US updates

FirstEnergy Corp, which aims to electrify 30% of its approximately 3,400 light duty and aerial fleet vehicles by 2030, has joined the Electric Highway Coalition. The group of electric companies, which has grown to 14 members, is committed to enabling long-distance EV travel through a network of EV fast-charging stations connecting major highway systems.  

The Edison Electric Institute estimates 18 million EVs will be on US roads by 2030. While many drivers recognize the benefits of driving an EV, some are concerned with the availability of charging stations during long road trips. Through their unified efforts, the members of the EHC are addressing this "range anxiety" and demonstrating to customers that EVs are a smart choice for traveling long distances as well as driving around town.

Volta Industries has installed new charging stations at Safeway in Upper Marlboro, Maryland, and Renton, Washington.

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