May 17, 2020

Estonia's Potential Big Win in the Shale Oil Market

energy digital
shale
Natural Gas
Estonia
Admin
2 min
Jordan and the US to benefit from Estonia's expertise
Estonia, the birthplace of online voting and Skype, is now on a mission to lead the world in fracking technology, reports the AP. With a population of...

 

Estonia, the birthplace of online voting and Skype, is now on a mission to lead the world in fracking technology, reports the AP.

With a population of over 1.3 million people, the small East European country gets more than 90 percent of its electricity needs from shale oil, making it the world's most shale-dependent country.

“With interest in non-conventional energy resources surging globally, Estonia wants to carve its own niche by perfecting the technology needed to produce cleaner electricity and high-grade fuel products from oil shale — know-how it wants to export to distant places such as Jordan and the US,” according to the AP.

Of course, like the US, the practice of large-scale shale mining has environmentalists concerned about the level of pollution or contamination to underground water supplies such efforts would lead to. Unlike the US, however, Estonia's oil shale resources are very different from the deposits found in America. The shale rock in Estonia contains organic matter that can be used to produce a liquid oil similar to crude, whereas the shale formations in the US contain natural gas, which can be brought to the surface and sold with minimal processing.

So long as world oil prices remain high enough to keep shale viable, Estonia could have a very valuable set of expertise to export.

"We have almost a 100 years' experience working with oil shale in Estonia. If you know something, and if there's a market, you try to sell it," Tarmu Aas, a board member at Eesti Energia, told the AP.

Until recently, the market for shale oil has been virtually nonexistent. High crude oil prices have changed that. For the most part, analysts believe oil prices will remain between $80 and $100 a barrel as countries like China, India and others increase their consumption.

In addition to the US, shale could become particularly important in Jordan, where about 97 percent of oil and gas needs are imported and the country sits on about 34 billion barrels of shale oil. So long as world oil prices stay above $60 per barrel, Eesti Energia (aka Enefit) estimates that its Jordanian venture will be profitable.

"Everything depends on the oil price. The oil price moves this train," Aas told the Ap.

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Apr 16, 2021

Hydrostor receives $4m funding for A-CAES facility in Canada

energystorage
Canada
Netzero
Dominic Ellis
2 min
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction...

Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.

The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction. 

The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.

The project has support from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology Canada.

Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.

The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”

A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth. 

Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."

The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.

Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019. 

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