Innovation

Norway, Sweden to meet green energy target under joint scheme

Green energy to amount to 28.4 terawatt-hours by 2020 OSLO, June 9 (Reuters) – Norway and Sweden’s joint scheme to boost green energy generation, set up in 2012, is on track to deliver 28.4 terawatt-hours (TWh) by 2020, Norway’s energy regulator said on Thursday. The scheme, the only one of its kind in the world, pays energy producers a […]

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Self driving vehicle sales set to reach 21 Million globally by 2035, IHS Says

The US will lead the world in initial deployment and early adoption of autonomous vehicles The latest forecast from IHS Automotive calls for sales of nearly 21 million autonomous vehicles by 2035. It’s a substantial increase from previous estimates, influenced by recent research and development by automotive OEMs, supplier and technology companies who are investing

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German battery maker sonnen GmbH wins backing from GE

Sonnen launching scheme to connect homes, solar panels in energy sharing platform FRANKFURT, June 6 (Reuters) – German battery maker sonnen GmbH on Monday said it has secured financial backing from GE Ventures, General Electric’s venture capital subsidiary, to develop its brand of residential power storage systems. The company, formerly called Sonnenbatterie, is a start-up

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Innovative well-cleaning technology boosts multi-stage horizontal production by 400%

Quantum Downhole Systems successfully cleans sand to stage #10 – case study After a conventional clean out failed to restore acceptable production, Quantum Downhole System used its patented JetVak technology process to clean the wellbore of sand and significantly exceed production targets. Background Well location: Kaybob field, Fox Creek, Alta., Canada in the Montney Oil

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BMW i electric car division revamped to focus on self-driving tech

BMW i3 failed to gain traction in sales last year By Edward Taylor and Irene Preisinger MUNICH, June 2 (Reuters) – The BMW i division has been transformed into a development centre for self-driving cars, a board member told Reuters, a major strategic shift for the unit previously focused on making a family of lightweight electric vehicles. While

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