Israel started exporting natural gas to Europe in December 2020, through a pipeline connecting its offshore Leviathan gas field to Egypt and then to the European market via the existing pipeline infrastructure. The exported gas comes from the Leviathan field, which is located in the eastern Mediterranean and is one of the largest natural gas fields discovered in the past decade. Compared to other gas exporters to Europe, Israel's exports are relatively small. However, the withdrawal from Russian recources as the largest supplier of natural gas to Europe (accounting for more than 40% of the region's gas imports in 2020) means that Europe is aggressively looking for any option. Other significant suppliers to Europe include Norway, Algeria, and Qatar and over the past year also US and others stepped in to replace Russian supply.
System Marginal Price (SMP) refers to the electricity market clearing price for a particular time period in a specific location. It is the price at which the wholesale electricity market operates to balance the supply and demand of electricity in real-time. The SMP is determined by the marginal cost of the most expensive generator that is needed to meet the demand at any given moment. This generator is known as the "marginal unit." The SMP is also influenced by other factors such as transmission constraints, weather conditions, and demand fluctuations. In short, the System Marginal Price represents the real-time cost of electricity in a particular location and is a key factor in determining the profitability of power generation and demand-side management strategies.
This outlook summarizes the latest trends and achievements in orbital, interplanetary and interstellar propulsion and makes a preliminary outlook for the upcoming decades. While interplanetary propulsion is a reality, we are approaching an interstellar propulsion ability which may realize sometime in the next decades or centuries. Despite the progress, we are still many many decades away from realizing plans to reach the Oort cloud and the nearby stars. Nevertheless, technological progress is pushing the ability of space travel towards an incremental step from interplanetary exploration to interstellar exploration. Several technologies and concepts may enable this dramatic transition. Those are mainly having to do with the developing ability to harness and concentrate immense quantities of energy and the development of reactionless highly-energy efficient propulsion concepts.
The Eastern Mediterranean (EastMed) has produced significant discoveries of hydrocarbon resources since the late 1990s and has become a strategic point of international cooperation, though also a focal point for potential conflict in the region. This overview summarizes discoveries of natural gas resources, which had prompted Israel and Egypt to begin massive industrial gas production offshore projects in the Levant Basin, whereas Cyprus and Palestinian Gaza which do pocess proven resources in their economic zones are yet to begin explotation and monetization. As for Lebanon, the country is yet to prove actual gas resources despite promising prospects, while Turkish attempts to drill around the island of Cyprus on behalf of Northern Cyprus has fallen short. Finally, Syrian offshore zones couldn't yet produce any find due to long-lasting security crisis in the country.
The rapid expansion of Lithium ion (Li-ion) battery production worldwide and parallel driven expansion of lithium mining continues. This survey brings the updated 2022 analysis of raw Lithium production worldwide, providing supply and demand projections for the mid and long-term. The study implies that Li-ion is due to retain its role as the dominant technology for electric energy storage through this decade, but critical outlook on global Lithium resources in terms of supply and demand is important in order to prepare for potential disruptions in this market. Shifts in production and consumption may also contain hints to upcoming Lithium-ion utilization trends and the competitiveness of alternative battery technologies.
Rechargeable batteries, encompassing secondary electrochemical cells, have a profound role in multiple industries and hold the potential to become a disrupting element for future infrastructures. The market of rechargeable batteries is rapidly expanding, fueled by the growing utilization of rechargeable cells and packs in portable electronic devices, electric mobility solutions, grid energy storage and also a growing use within the general industry. This survey brings the 2022 comparative progress map of innovative rechargeable battery technologies, with a commercialization status of each technology. This analysis is aimed to assist corporate innovation managers and empower strategic decision makers towards future market developments in the energy storage sector.
This study summarizes the 2021 solar irradiance figures on the ground level in the Eastern Mediterranean and makes a preliminary estimate for 2022. Regional solar irradiance data is analyzed in order to estimate and project the normalized output of solar power facilities in the region, considering the strong link between the two variables. The average solar energy cumulative flux, measured at the IMS station in Bet Dagan in Israel's Central Coastal Plane during 2021, was 5,556 Wh/m^2 per day, which is 8.6% higher than the 1965-2014 multi-year annual solar flux average. The anomaly was out of the standard annual deviation of ±4.0% during the reference period and the highest annual average to date. An estimate for 2022 based on measurements during the first nine months of the year is 5,430±55 Wh/m^2 per day. Hence, 2022 is also expected to show above average solar irradiance figures in the Eastern Mediterranean region, continuing the high-level solar irradiance trend, though not as extreme as during 2021.
This report overviews the 2021-22 developments in the Israeli electricity market with emphasis on the power generation segment. Despite delays attributed to the pandemic lockdowns, a significant progress continued in the renewables segment with integration of hundreds of MWp in 2021 and 2022, led by the solar segment. By the end of 2021, Israeli national electric generation capacity was at 21.5 GWp, with IEC making up 54.4% of total grid-connected capacity, while private producers made up the remaining 45.6%. In terms of electricity generation and supply, 74.0 million kWh were produced in 2021 in the Israeli market, up from 72.8 million kWh in 2020. The 2021 generation segment was relying on a mix of fuels, dominated by natural gas and coal - both utilized by the Israel Electric Corp (IEC) as primary fuels. Secondary fuels of the IEC were diesel, oil fuel and methanol. Private power generation facilities were primary relying on natural gas, while diesel, oil fuel, kerogen and renewables were secondary energy sources.
This research estimates the size and trend of the global solar photovoltaic (PV) operation and maintenance (O&M) market as of 2022. The methodology for this work includes segmentation of the global market to multiple countries, with each country having a different ratio of residential, commercial and utility scale solar installations. The result of this study for 2022 - global solar PV O&M market size cap is 11.7 billion USD, composed of distributed (residential and commercial) 5.3 billion USD and solar fields (large industrial and utility-scale) 6.4 billion USD segments. The current estimate is that by 2025 the global solar PV O&M market would grow to a total of 20.2 billion USD, composed of 10.8 billion USD distributed and 9.4 billion USD solar fields segments.
How would you know if PV systems perform well amidst the climatic anomalies worldwide and can you make residential and commercial PV system sizing more accurate? Learn on advanced methodologies to assess decentralized solar PV performance and the related technology edge, as well as advantages of such techniques for improving finance reports and decreasing financial risks. This event is designated for professionals affiliated with distributed solar PV, including solar integrators, solar financing professionals, solar policy advocates and solar association members.
LNRG Technology has initiated a collaboration with the European energy forecasting leader AleaSoft in deploying the unique AI-powered SMP (System Marginal Price) electricity price forecasting model for the Israeli electricity market. AleaSoft provides energy forecasting solutions for a variety of purposes within multiple markets, including electricity demand and price forecasting for the short, mid and long-term scenarios. The AleaSoft forecasting service can be provided as a customized application for the short-term forecasting or as a periodical forecast report for all ranges.
This study provides a projection for average crude oil pricing during 2022, utilizing predictive analysis methods correlated with fundamental analysis. The year 2021 was a bullish year in the oil market, reaching a multi-year record towards the end of the year. During 2021, Brent oil traded at an average pricing of 70.86 USD per Brent oil barrel and vast range of 54.77-83.54 USD on monthly basis. Evidently, predictive analysis provides a statistical probability range with a fair rate of accuracy. Find out more with the premium access option, which also provides the monthly Brent oil price forecast for the upcoming 12 months.