Entries tagged with “norway”
Articles
4 articles found for norway:
- Security of Natural Gas Supply (Europe)
Prices of gas and electricity increased substantially across Europe in 2021–22 and are expected to rise further in 2022–23, as Russia began limiting gas supply to the region in response to the sanctions imposed. However, individual countries have taken several initiatives such as expanding storage capacity and coal and oil generation to reduce dependency on gas; reducing industrial, residential, and commercial demand; increasing imports from other countries; and investing in new infrastructure that would help secure supply and ultimately lead to stability in prices.
- Exploring the Factors Behind Volatility in the Silicon Market
The high volatility of silicon metal prices impacted multiple end-use industries over 2021–22. Prices spiked multi-fold in 2021 compared with 2020, but declined by 60–70% in 4Q22, primarily driven by supply-demand dynamics and varying cost of production.
- Floating Offshore Wind Energy
The need for environment-friendly resources and technology is rising. Renewable energy resources are gaining popularity, with wind energy being the second largest source. Though offshore wind is the fastest growing source, floating offshore wind source is also emerging as a powerful source of energy. Platforms and turbines are being developed to garner this energy. Though the resource faces challenges in implementation, it is a viable and economic option, and if a few measures are taken, it can easily become a main contributor of renewable energy.
- The Future of Internal Combustion Engine
In 2021, the worldwide internal combustion engine (ICE) market was approximately worth USD 58,514.15 billion and is predicted to reach USD 93,615.18 billion by 2029, growing at a CAGR of 6.05% between 2022 and 2029 showing tremendous growth. It is likely to expand further as demand for passenger and commercial vehicles rise in both established and emerging markets. Electric powertrains are increasingly coupled with ICE to enhance vehicle fuel efficiency, which is driving industry development. The demand for ICE is growing exponentially in industries such as agriculture, construction, mining, and power generation. The global lack of EV infrastructure availability is partly responsible for the ICE market's growth.