Efficient energy allocation through mathematical optimisation Photo of power pylons at sunset. Source: image by Matthew Henry from Unsplash. We are currently in an era where the equilibrium between energy supply and demand has become particularly important. Traditional energy sources like oil and gas are facing difficult challenges like geopolitical factors such as the Russian-Ukrainian conflict, which has disrupted natural gas supplies, and the overall depletion of natural reserves. On the other hand, there is also a growing demand for energy, particularly as more countries transition from developing to developed status. This economic growth signifies an increased need for energy to fuel production and industrial processes. The urgency of addressing climate change further emphasises the need for renewable energy sources. Combining all factors, this means that achieving a well-balanced energy supply and demand has only become increasingly crucial.
DeSmog
Jan 20, 2019 @ 05:35
Near the end of 2018, the U.S. Department of Energy (DOE) hired the leading promoter within academia of a massive and multi-faceted petrochemical complex proposed for West Virginia. A month later, the agency issued a report favoring the construction of such a complex.
On November 9, the Energy Department’s National Energy Technology Laboratory (NETL) named as its new director former West Virginia University Professor Brian Anderson.
NETL, which spearheads federal energy-related research and development (R&D) efforts, is currently deciding whether to grant $1.9 billion in R&D money toward building out the proposed petrochemical complex, known as the Appalachian Storage Hub.