OPEC’s oil production dropping, DOE invests $40 million in additional carbon capture projects, and Echelon signs up its first customer for its new control system software platform.
According to a new survey released by Platts, OPEC’s August production of crude oil production dropped 110,000 barrels per day from July to an average of 29.11 million barrels per day. Many see this slide in production due to the highest-ever levels of petroleum inventory that currently sit in the US. Decreases came from the partner countries of Iran, Nigeria, Qatar, the United Arab Emirates (UAE) and Iraq. OPEC is expected to current production levels at a meeting in Vienna Austria on October 14th.
U.S. Secretary of Energy Steven Chu has approved an investment of up to $40 million of American Recovery and Reinvestment Act funding to begin the Carbon Capture and Storage Simulation Initiative The program will allow national labs and regional university alliances to collaborate on carbon capture and storage (CCS) research. The hope is to develop validated, predictive simulation tools to accelerate the development and deployment of industrial carbon capture and storage technology.
Echelon has announced that Duke Energy as its first customer to purchase a new Echelon Control System software platform (ECos). Duke Energy, which is the country’s 3rd largest electric utility, will spend more than $14.5 million to have a new open software platform for intelligent distributed control, and the ECN 7000 series of products for the smart grid integrated into Duke’s existing infrastructure and systems. Duke expects to have trial units of the ECN series in the field by the end of the year. This is an important purchase for Duke Energy because the ECoS system will offer the utility an open and secure application framework for monitoring and controlling devices at the edge of the grid which is the critical point where the distribution network connects to Duke Energy’s more than 4 million customers.
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