EIA forecasts higher U.S. heating bills this winter

U.S. ENERGY INFORMATION ADMINISTRATION

WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
October 13, 2021

The U.S. Energy Information Administration (EIA) expects that U.S. households will spend more money on heating costs this winter and consume more energy to keep homes warm. In its Winter Fuels Outlook, EIA forecasts an increase in average heating prices this winter for all regions of the United States and all heating fuels under a wide variety of weather conditions.

Compared with last winter’s heating costs, EIA forecasts U.S. households will spend 54% more for propane, 43% more for heating oil, 30% more for natural gas, and 6% more for electric heating. U.S. households will spend even more if the weather is colder than expected.

“As we have moved beyond what we expect to be the deepest part of the pandemic-related economic downturn, growth in energy demand has generally outpaced growth in supply,” said EIA Acting Administrator Steve Nalley. “These dynamics are raising energy prices around the world.”

In addition to higher fuel costs, the National Oceanic and Atmospheric Administration expects a slightly colder winter this year than last year. EIA expects those colder temperatures to increase U.S. energy consumption for heating this winter.

“The higher global and domestic energy prices that are resulting from economies beginning to grow again are going to translate into larger household bills for energy this winter,” Nalley said.

The Winter Fuels Outlook is a supplement to EIA’s Short-Term Energy Outlook (STEO). Other highlights from this month’s STEO include:

  • EIA revised its Henry Hub natural gas spot price forecasts to average $5.80 per million British thermal units in the fourth quarter of 2021, 45% higher than last month’s estimate. “Increased natural gas demand in Europe and Asia is supporting record U.S. LNG exports to those regions,” Nalley said. “Low natural gas inventories in the United States and Europe make our price forecasts very uncertain, because a severe cold snap could lead to significant price effects.”
  • Brent crude oil prices averaged more than $80 per barrel (b) so far in October, a nearly seven-year high, as Hurricane Ida reduced U.S. oil production and OPEC+ announced it would stick to its plan of increasing crude oil production by 400,000 barrels per day in November. EIA estimates that Brent crude oil will average $81/b for the remainder of 2021, $10 higher than its previous estimate. “We expect U.S. crude oil production to ramp up in 2022 as tight oil production rises, which should help moderate prices from this level next year,” Nalley said.

The entire Short-Term Energy Outlook is available on the EIA website.

The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

EIA Program Contact: Tim Hess, [email protected]

EIA Press Contact: Chris Higginbotham, [email protected]

EIA projects increases in global energy consumption and emissions through 2050

U.S. ENERGY INFORMATION ADMINISTRATION

WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
October 6, 2021

The U.S. Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency.

If current policy and technology trends continue, global energy consumption and energy-related carbon dioxide emissions will increase through 2050 as a result of population and economic growth.
According to the IEO2021 Reference case, which projects future energy trends based on current laws and regulations, renewable energy consumption has the strongest growth among energy sources through 2050. Liquid fuels remain the largest source of energy consumption, driven largely by the industrial and transportation sectors.

“Even with growth in renewable energy, without significant policy changes or technological breakthroughs, we project increasing energy-related carbon dioxide emissions through 2050,” said EIA Acting Administrator Stephen Nalley.

Renewables will be the primary source for new electricity generation, but natural gas, coal, and increasingly batteries will be used to help meet load and support grid reliability.
EIA projects electricity generation to almost double in developing non-OECD countries by 2050. Falling technology costs and favorable laws and regulations mean that much of the new electricity generation will come from renewable energy sources, although natural gas, coal, and batteries will remain critical parts of the electric grid, backing up solar and wind resources.

“The worldwide push to generate more electricity from renewables and also increase electric grid reliability could push more expansion of battery storage on a global scale,” Nalley said.

Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.
Driven by increasing populations and fast-growing economies, EIA projects that consumption of liquid fuels will grow the most in non-OECD Asia, where total energy consumption nearly doubles from 2020 to 2050. EIA projects that consumption will outpace production in these countries, driving an increase in imports of crude oil or finished petroleum products, primarily from the Middle East.

“The fast-growing economies in Asia could combine to become the largest importer of natural gas and crude oil by 2050, given their significant increase in energy consumption,” Nalley said.

The full IEO2021 is available on the EIA website.

IEO2021 contains energy consumption projections for 16 regions of the world. Projections for the United States in IEO2021 are consistent with those released in the Annual Energy Outlook 2021. EIA does not develop the IEO2021 Reference case as the most probable prediction of the future, but rather as a baseline for estimating the effects of policy or technology changes. The four side cases show the effects of changing key model assumptions about economic growth and world oil price.

Sign up to receive an email notification for future IEO2021 release materials.

The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

EIA Press Contact: Chris Higginbotham, [email protected]

Media Advisory: EIA leaders discuss findings of International Energy Outlook 2021

U.S. ENERGY INFORMATION ADMINISTRATION
WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
October 5, 2021

U.S. Energy Information Administration (EIA) Acting Administrator Stephen Nalley will present findings from the International Energy Outlook 2021 (IEO2021) during a virtual event hosted by the Center for Strategic and International Studies (CSIS) in Washington, DC, on October 6, at 9:00 a.m. ET.

The IEO2021 presents long-term projections of world energy supply and demand by region and primary energy source, electricity generation by energy source, and energy-related carbon dioxide emissions. The full IEO2021 report and data tables will be released at the conclusion of the event.

Press can register online to attend the presentation.

More information about the IEO and the complete IEO2021 forecast are available at eia.gov.

What:

International Energy Outlook 2021 discussion of findings

When:

Wednesday, October 6, 2021, at 9:00 a.m. ET

Where:

Virtual event with the Center for Strategic and International Studies

Who:

Stephen Nalley, Acting Administrator, EIA

Angelina LaRose, Assistant Administrator for Energy Analysis, EIA

Additional EIA experts will be available for discussion and to answer questions.

Register:

https://www.csis.org/events/us-eias-international-energy-outlook-2021

Contact:

EIA Press Contact: Chris Higginbotham, [email protected]

EIA releases new data on U.S. commercial buildings

U.S. ENERGY INFORMATION ADMINISTRATION

WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
September 21, 2021

Commercial buildings in the United States are getting larger, and they more commonly include features like LED lighting and emerging technologies such as electric vehicle (EV) charging stations. According to the U.S. Energy Information Administration’s Commercial Buildings Energy Consumption Survey (CBECS), the number of U.S. commercial buildings grew 6% from 2012 to 2018, and the total floorspace of commercial buildings increased by 11%.

CBECS provides building characteristics information for the estimated 5.9 million commercial buildings in the United States. CBECS data include number of buildings and floorspace by characteristics such as geographic region, building activity, size and age, employment and occupancy, energy sources used, and energy-related equipment.

“How commercial buildings consume energy has major impacts on the U.S. energy sector,” said EIA Acting Administrator Steve Nalley. “CBECS data show that while commercial buildings are growing in size, they are also adopting new technologies and practices that help improve energy efficiency.”

Notable takeaways from commercial building characteristics in 2018 include:

  • More than 2.5 million commercial buildings used LED lights, five times the number of buildings that used LEDs in 2012.
  • Larger commercial buildings were most likely to have EV charging stations; more than one-third of buildings over 500,000 square feet had EV charging stations. Lodging and service buildings were most likely to have installed EV charging stations.
  • About 10% of commercial buildings and 30% of commercial floorspace could generate electricity. All inpatient health care buildings used electricity generation technologies.
  • An estimated 5% of buildings used internet-connected (smart) thermostats.
  • Warehouse and storage, office, and service buildings were the most common building types.
  • Half of all main shift workers in the United States worked in office and education buildings.

EIA will publish the raw data files for building characteristics in November and preliminary estimates of energy consumption and expenditures for electricity, natural gas, fuel oil, and district heat in spring 2022. CBECS is the only independent, statistically representative source for commercial building characteristics and energy use in the United States.

The 2018 Commercial Buildings Energy Consumption Survey building characteristics data tables and flipbook are available on the EIA website.

The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

EIA Press Contact: Chris Higginbotham, [email protected]

EIA expects higher natural gas prices as production reductions remain following Hurricane Ida

U.S. ENERGY INFORMATION ADMINISTRATION

WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
September 8, 2021

The U.S. Energy Information Administration expects that natural gas prices will remain higher in the coming months following Hurricane Ida. In its September Short-Term Energy Outlook (STEO), EIA forecast fourth-quarter Henry Hub spot prices to average $4.00 per million British thermal units (MMBtu), a 16% increase from its August forecast.

EIA also revised its 2022 forecast of the average U.S. natural gas price to $3.47/MMBtu, a 13% increase over its previous forecast.

“Hurricane Ida affected natural gas production at a time that the United States was already experiencing higher natural gas prices due to growth in exports, strong domestic natural gas consumption, and relatively flat natural gas production,” said EIA Acting Administrator Steve Nalley. “Lost production from the storm combined with these current market conditions has limited our ability to build up natural gas inventories, and we expect that will keep prices higher in the short term than we had previously thought.”

Hurricane Ida led producers to close more than 90% of natural gas and crude oil production capacity in the Gulf of Mexico region as the storm approached. Significant production and refining capacity remains offline in the region. EIA expects that production and refining activity will gradually be brought back online through September.

U.S. natural gas prices ended August at $4.33/MMBtu, bringing the monthly average to $4.07/MMBtu, a 77% increase over August 2020.

Also in the STEO:

  • Brent crude oil prices averaged $71 per barrel in August, down $4 per barrel from July, but up $26 per barrel over August 2020. EIA expects Brent crude oil to average $71 for the fourth quarter of 2021 and $66 in 2022.
  • EIA forecasts small-scale solar capacity—primarily from residential rooftop solar panels—to increase by more than 11.5 gigawatts (GW) in 2021 and 2022. Small-scale solar capacity increased by 4.5 GW in 2020.

The entire Short-Term Energy Outlook is available on the EIA website.

The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

EIA Program Contact: Tim Hess, [email protected]

EIA Press Contact: Chris Higginbotham, [email protected]

Centrica signs strategic partnership with ENSEK to accelerate digital transformation and help position the company for growth

UK, 18th August, 2021 – Centrica plc has today signed a strategic partnership agreement with ENSEK, the leading global retail energy Software as a Service provider, which will see the company transfer over 7 million UK domestic and small business energy supply customers to the platform.

Becoming one of the lowest-cost energy suppliers in the market is a key pillar of the turnaround of Centrica and moving customers to ENSEK’s Ignition platform underpins this. With the focus on delivering net zero for customers in a way which is affordable, the partnership will see Centrica scale up its offer of market-leading innovative products and services and improve the customer experience.

Following the launch of British Gas Evolve last year, which uses ENSEK’s Ignition platform, alongside software from Amazon and Salesforce, Centrica already has 250,000 customers on the simpler, digital first platform. This allows them to take more control of their account to understand, manage, and control energy consumption and bills.

With many legacy processes now automated, there is more time to focus on meeting our customers’ needs. This is already showing positive results with British Gas Evolve seeing a 74 per cent uplift in “promoters” of the customer experience[1].

Chris O’Shea, Group Chief Executive at Centrica, said: “We are the UK’s largest supplier of zero carbon electricity and our partnership with ENSEK is another great example of how we are using the right technology to deliver a more affordable, sustainable and simpler experience for our customers. We have already seen the benefits that ENSEK has brought to our ways of working and the customer experience with British Gas Evolve, and we now plan to replicate this across our entire UK energy supply business.”

Jon Slade, CEO of ENSEK, commented: “We are delighted to continue our work with Centrica to support its turnaround. By leveraging ENSEK’s modern and flexible platform, Centrica is empowered to take greater control of its key customer touchpoints and respond quickly to customer needs in a rapidly evolving market. Continuous innovation is at the core of ENSEK’s strategy, as we look to enable digital transformation in the energy sector and accelerate the energy transition.”

[1] customers that score their experiences as nine out of ten or higher.

-Ends-

About Centrica
Centrica is a leading energy services and solutions provider founded on a 200-year heritage of serving people. We are the UK’s biggest retailer of zero carbon electricity, serving around 10 million customers across the UK, Ireland and Continental Europe through brands such as British Gas, supported by around 9,000 highly trained engineers and technicians. Centrica’s purpose of helping customers live sustainably, simply and affordably drives our strategy and our People and Planet Plan.

Centrica’s partnership with ENSEK was established in 2017. It enabled the development of Centrica’s SME offer ‘British Gas Lite’, where ENSEK provided the core platform to facilitate its online-serviced electricity product.

About ENSEK
ENSEK’s purpose is to accelerate the digital energy transition.

As the business-critical technology to the world’s leading energy suppliers, ENSEK’s cloud native SaaS platform enables radical transformation – creating lean, customer-centric and adaptive retail businesses that are empowered to play their leading role in achieving net zero.

Beyond supply, the ENSEK platform aims to connect, orchestrate and optimise the billions of smart devices and assets that are key to a decentralised, digitised and decarbonised energy future.

For more information, please contact:
Alan McLaughlin
Centrica
Tel: +44 (0)1784 843 000
Email: [email protected]

Kalim Hawkins
ENSEK
Tel: +44 (0)7824 861 564
Email: [email protected]

Source: RealWire

Personnel boost at bullfinch

Climate FinTech hires all-star management team

Frankfurt am Main, Germany, August 18, 2021 – bullfinch completes its management team by hiring top-level executives.

Niko von Tippelskirch has been newly appointed to the executive management board and will take on the position of Chief Operating Officer (COO). Gabriele Donino has joined bullfinch as Chief Technology Officer (CTO) to lead the development of the FinTech platform, which is a key component in the financing and operations of decentralized green energy projects.

bullfinch’s Clean-Energy-as-a-Service technology platform bridges the gap between capital and investment opportunities. Strategic partnerships with major investors, utilities, energy hardware providers and installers enable a faster transition to clean energy. Running all these processes is difficult. To help accomplish this task, Martin Hintz has been appointed as the Head of Asset Operations along with Nicola Timoncini as the Head of Platform Engineering. Finally, the hiring round has been completed with the most recent appointments of Alexander Schütz as Chief Risk Officer (CRO), Annie Dalietou (Head of Finance), Tim Baack as Chief Commercial Officer (CCO) and Massimo Bozza (Head of Cybersecurity). They all come with deep expertise in their respective domains.

Niko von Tippelskirch appointed to executive board and as COO of bullfinch
Von Tippelskirch was formerly a member of the board at DWS Group, the listed Asset Manager, and worked in Senior executive functions for more than 20 years at Deutsche Bank. Commenting on the appointment of von Tippelskirch, Simon Bartmann said, “We are thrilled that we were able to win Niko as a board member for bullfinch. He has many years of relevant industry experience in leading positions and will make a significant contribution to the development of a state-of-the-art organization and will help implement an effective second line of defense.” As COO, he will be responsible for operations, risk, finance, legal, compliance & governance as well as investor relations.

Von Tippelskirch is equally enthusiastic about his new position, “I am delighted to be here as part of a highly innovative and dynamic team of entrepreneurs and investors. We are firmly on the way to making bullfinch the leading Climate FinTech.”

Gabriele Donino appointed as CTO
Donino was previously Head of Digital Solutions & A.I. at Swiss Re and later Group COO at expert.ai, a global AI software provider based in Modena and Boston. Robin Haack, CEO of bullfinch, is excited to have Donino on the management team: “His record in promoting technological excellence is outstanding, as is his direct experience with Artificial Intelligence in financial services. Gabriele will bring the necessary expertise and innovative thinking that will help our customers in this rapid growth phase – to enable them to exploit the full value of the digital bullfinch ecosystem.”

Donino, with a clear vision for bullfinch’s future technological trajectory, announces his plans for growth: “I am delighted to be part of such a talented group and to help expand bullfinch’s leading position in the GreenTech financing market. My focus will be on scaling the digital ecosystem, and enriching it with advanced AI data products, thereby supporting the growth of our partners, helping to bridge the financial gaps for clean energy opportunities and accelerating the energy transition.”

With the hiring of Nicola Timoncini as Head of Platform Engineering, previously Senior Engineer at Google and Facebook and more recently Head of DevOps at expert.ai, and the hiring of Massimo Bozza as Head of Cybersecurity, previously Senior Security Manager at Yoox, bullfinch has secured additional senior technology expertise.

Tim Baack joins as Chief Commercial Officer
Tim Baack will lead the commercial department and will build and manage relationships with partners and investors, evaluate and negotiate business opportunities and jointly with the investment team, execute transactions. “We will work with our partners to deliver attractive products for their customers and create bankable financial solutions for professional investors”, says Baack.

Alex Schütz takes on the Chief Risk Officer role
As CRO, Alexander Schütz will work closely with internal and external stakeholders to identify, measure, report and mitigate risks across bullfinch´s products and processes. Schütz has more than 25 years of experience in the financial industry and worked with hedge funds and start-up companies, where he led diverse management and transformation projects across Europe, Asia and the Middle East.

Further management team additions
bullfinch’s asset operations team will be led by Martin Hintz, formerly head of Allianz’s microinsurance platform, who took on his role at bullfinch in May. His role is crucial to ensure long-term performance of the assets and monitor the daily operations of bullfinch’s cleantech partners and the asset production data. Hintz’s team also provides rapid on-ground response to any servicing, maintenance, and insurance issues.

With more than 10 years’ experience in equity capital markets positions for American investment banks and financial management of start-ups, Annie Dalietou as Head of Finance will be responsible for overseeing and directing the company’s financial operations, ranging from financial planning to performance monitoring and reporting.

CEO Robin Haack is very excited about the new team members. “I am happy to have these top executives on the team. Each of them has a great track record of success in their own field. With them, bullfinch can achieve its goals and visions even better.”

About bullfinch
Bullfinch Asset AG, based in Frankfurt am Main, was founded in 2019 by CEO Robin Haack. The company is committed to a world powered by renewable energy: The Clean-Energy-as-a-Service technology platform enables the bundling, financing, standardization and management of sustainable facility and plant infrastructure to make this vision a reality. The company’s solutions encompass four vertical areas: power generation, clean mobility, energy storage and smart buildings. bullfinch’s partnerships with institutional investors and innovative energy hardware providers close the gap between capital and opportunity and enable the accelerated global transition to clean energy.

Press Contact
Bullfinch AG
Tilmann Rohlf c/o BETTERTRUST GmbH, Luisenstraße 40, 10117 Berlin
Tel: 030 / 340 60 10 – 94
[email protected]

Source: RealWire

U.S. large-scale battery storage power capacity increased 35% in 2020

U.S. ENERGY INFORMATION ADMINISTRATION

WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
August 16, 2021

The United States continued a trend of significant growth in large-scale battery capacity, with U.S. battery power capacity reaching 1,650 megawatts (MW) by the end of 2020. According to EIA’s report, Battery Storage in the United States: An Update on Market Trends, U.S. battery power capacity grew by 35% in 2020 and has tripled in the last five years.

EIA expects the trend to continue; utilities have reported plans to install over 10,000 MW of additional large-scale battery power capacity from 2021 through 2023.

“Growth in U.S. battery systems is critical as the United States faces new hurdles to reliable electricity delivery,” said EIA Acting Administrator Steve Nalley. “Energy stored in batteries can react to second-to-second fluctuations in the electric grid, protecting grid power quality and improving the grid’s efficiency.”

Much of the recent increase in new storage capacity comes from battery energy systems co-located with or connected to solar projects.

“Battery systems can help store electricity generated from solar or other renewables so that electricity is available at times when demand is peaking, but generation from renewables is lower,” Nalley said.

Five states account for more than 70% of U.S. battery storage power capacity as of December 2020, with California alone accounting for 31% of the U.S. total (506 MW). Texas, Illinois, Massachusetts, and Hawaii each have more than 50 MW of power capacity.

More than 400 MW of small-scale total battery storage power capacity also existed in the United States as of 2019, with California accounting for 83% of the capacity. Small-scale batteries have a nameplate power capacity of 1 MW or less.

Power capacity measures the maximum amount of power a battery system can discharge in an instant. Large-scale batteries can also be measured by energy capacity—the amount of energy a battery system can store. U.S. battery system energy capacity also continued to increase, reaching 1,688 megawatthours at the end of 2019, a 30% increase from 2018.

The entire report is available on the EIA website.

The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

EIA Press Contact: Chris Higginbotham, [email protected]

EIA expects 7% increase in U.S. energy-sector carbon dioxide emissions as economic activity increases during 2021

U.S. ENERGY INFORMATION ADMINISTRATION

WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
August 10, 2021

Increased economic activity and a changing fuel mix in the electric power sector in 2021 will lead to a significant increase in energy-related carbon dioxide emissions this year, according to the U.S. Energy Information Administration’s (EIA) August Short-Term Energy Outlook (STEO). After decreasing by 11% in 2020, U.S. energy-related CO2 emissions will increase by 7% to reach 4.9 billion metric tons this year.

EIA forecasts coal-related CO2 emissions will increase by 17% in 2021 because the share of U.S. electricity generated by coal has increased significantly this year.

“Despite significant growth in energy-related CO2 emissions as the U.S. economy opens up, we don’t see these emissions returning to pre-pandemic levels, at least in the short term,” said EIA Acting Administrator Steve Nalley.

EIA expects overall energy-related CO2 emissions to increase an additional 1% in 2022, and emissions from coal to decrease 7%.

Also in the STEO:

  • U.S. consumption of natural gas will decrease 1.0% in 2021, largely due to less electricity generated from natural gas. We forecast an 87% increase this year in delivered natural gas prices for the electric power sector, and these higher prices will make natural gas a less competitive electricity source.
  • Gasoline prices averaged $3.14 per gallon in July, the highest monthly average since October 2014. We expect prices to average $3.12 per gallon in August and $2.82 per gallon for the last quarter of 2021.
  • We expect that U.S. consumption of gasoline will average 9.0 million barrels per day in the second half of 2021, which remains below the 2019 average of 9.3 million barrels per day.

The entire Short-Term Energy Outlook is available on the EIA website.

The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

EIA Program Contact: Tim Hess, [email protected]

EIA Press Contact: Chris Higginbotham, [email protected]

Bamboo Systems Models How to Reduce Data Center Carbon Footprint with Arm Servers

Bamboo’s new whitepaper crunches the numbers on x86 powered data centers vs those utilizing Arm servers

CAMBRIDGE, ENGLAND AND SAN JOSE, CA – July 13, 2021Bamboo Systems, a provider of revolutionary Arm-based, enterprise-classed servers architected to meet the needs of today’s software design and data center demands, today released a whitepaper “Reducing Your Data Center Carbon Footprint with Bamboo Arm Servers” which analyzes the energy used by different types of data centers. Bamboo found that an Arm server-powered data center reduces CO2 production by 74 percent, equivalent to almost half a million barrels of oil.

Bamboo’s whitepaper model calculated the energy used by a medium-sized data center with 750 racks of conventional 1U servers, assuming the servers comprise about two-thirds of the floor space and that the equipment space accounts for 65 percent of the total. This translates to a roughly 62,000 square-foot data center. Knowing server power consumption and the ratios for the various equipment categories, the model uses simple algebra to calculate the energy consumption for each subsystem.

Using the formula, Bamboo calculated the amount saved by using energy-efficient Arm servers, like the B1000N, and compared it to a standard 1U x86 system. Each Arm server required about one-quarter the electricity of a standard server. The algebra shows an Arm data center uses only 26 percent as much electricity (152,409 MWh/year) compared to one based on x86 systems.

An Arm server-powered data center saves energy to the equivalent of:

  • 45,459 fewer cars on the road
  • 486,749 fewer barrels of oil used
  • 367,076 fewer passengers from JFK to LHR
  • 4357 fewer homes with emissions

“The proof is in the numbers. Arm server-powered data centers are more energy efficient and better for the environment. We’ve known that all along,” said Tony Craythorne, CEO, Bamboo Systems. “Now, we have the proof in a tangible and logical formula. In addition to the CO2 reduction gains, Arm-server powered data center emissions cuts are valuable in the market for carbon offset trading, generating more than $4 million annually depending upon the carbon trading requirement. It’s time for the world to embrace Arm server solutions.”

Bamboo Systems’ patented Parallel ARM Node Designed Architecture (PANDA) delivers more throughput performance in significantly less rack space than traditional servers. PANDA design delivers up to 75% less energy consumption and 74% less CO2 output at 50% of the cost compared with today’s typical data center architecture. Additionally, Bamboo PANDA-based Arm servers have been shown through many customer POCs to run both off-the-shelf and custom applications with no or minimal effort.

The whitepaper can be found on Bamboo Systems website at: www.bamboosystems.io

# # #

About Bamboo Systems:
Delivering the first Arm-based server designed for next generation data centers with the scale-out and high throughput computing required by cloud-targeted applications and modern highly parallel workloads. Bamboo’s servers consume one-quarter of the energy of today’s servers, one-tenth the rack space, at a fraction of the cost. Find out more at https://www.bamboosystems.io

For more information: Joanne Hogue Smart Connections PR (410) 658-8246 [email protected]

Source: RealWire

EIA expects growth in electricity sales and generation from renewables through 2022

EIA forecasts U.S. retail sales of electricity will increase by 2.8% in 2021, led by a 5.1% increase in sales to the industrial sector. In the most recent release of our Short-Term Energy Outlook (STEO), we forecast electricity sales will also grow in the commercial sector, though at a slower rate of 2.1%, as many workers continue working from home.

EIA expects Brent crude oil prices to stabilize then decline as global oil production increases

U.S. ENERGY INFORMATION ADMINISTRATION

WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
June 8, 2021

EIA forecasts in the June release of its Short-Term Energy Outlook (STEO) that global Brent crude oil prices will stabilize in mid-2021 and average about $68 per barrel (b) in the third quarter before decreasing to an average of $60/b in 2022. Brent crude oil prices averaged $68/b in May, a 25% increase from January’s average.

“In the coming months, we expect global oil production to catch up with the increases we’ve seen in demand in 2021,” said EIA Acting Administrator Stephen Nalley. “U.S. and global oil producers are increasing their production, which should help moderate oil prices that have increased significantly as global economic concerns about the COVID-19 pandemic have begun to ease.”

We expect global petroleum and liquid fuels consumption to grow by 6% in 2021, totaling 97.7 million barrels per day (b/d), and increase a further 4% in 2022, reaching 101.3 million b/d. In response to this increase in global demand, we forecast U.S. crude oil production will average 11.8 million b/d in 2022, up 4% from 2020. We expect OPEC production to reach 28.7 million b/d in 2022, an increase of 12% over 2020.

Also in the STEO:

  • We expect U.S. regular retail gasoline prices to average $2.92 per gallon for the summer driving season, which runs April through September. We expect monthly average gasoline prices this summer to peak in June at $3.03 per gallon.
  • We forecast an increase of 9 gigawatts of U.S. small-scale solar electricity capacity in 2021 and 2022.
  • We revised our forecast of U.S. coal production in 2021 to 600 million short tons, a 3% increase from our May forecast, because we raised our forecast of coal exports and inventory levels.

The entire Short-Term Energy Outlook is available on the EIA website.

The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

EIA Program Contact: Tim Hess, [email protected]

EIA Press Contact: Chris Higginbotham, [email protected]

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