February 24 -- There are more than one billion cars on the road worldwide today, and only one tenth of one percent of them have a plug. OPEC contends that even in the year 2040, EVs will make up just one percent. But don't be so sure. By 2020, some electric cars and SUVs will be faster, safer, cheaper, and more convenient than their gasoline counterparts. What if people just stop buying oil? In the first episode of our animated series, Sooner Than You Think, Bloomberg's Tom Randall does the math on when oil markets might be headed for the big crash.
Like this video? Subscribe to Bloomberg Business on YouTube: http://www.youtube.com/Bloomberg
Wave energy developer Eco Wave Power Ltd is pleased to announce that Eco Wave Power's Energy Project was formally opened by the Chief Minister, Hon. Fabian R Picardo and by the Minister of Health, Environment and Climate Change, Hon. Dr. John Cortes, and is now exporting electricity into Gibraltar's power grid.
Tel Aviv, Israel – June 1st, 2016 –
The Gibraltarian Project was officially "switched-on" by the Chief Minister of Gibraltar, Hon. Fabian R Picardo and by the Minister of Health, Environment and Climate Change, Hon. Dr. John Cortes. Gibraltar Electric Authority (Gibraltar's National Electric Company) is the purchaser of the entire Project's power.
The Project is the first grid connected Eco Wave Power plant and the only wave power plant anywhere in Europe, operating multiple wave units, under Commercial PPA terms.
"In the last 4.5 years, we have been through a lot. People were coming with these magic black boxes, they told us you give us some funding and we will give you the power. They never came up with anything. Nothing ever worked. This is clearly working. I think that the future is bright and the future like the past all those six million years ago is in the power of the sea all around us"
To view the multimedia release go to:
http://www.multivu.com/players/uk/7851451-eco-wave-europe-first-grid-connected-energy/
Wave energy developer Eco Wave Power Ltd is pleased to announce that Eco Wave Power's Energy Project was formally opened by the Chief Minister, Hon. Fabian R Picardo and by the Minister of Health, Environment and Climate Change, Hon. Dr. John Cortes, and is now exporting electricity into Gibraltar's power grid.
Tel Aviv, Israel – June 1st, 2016 –
The Gibraltarian Project was officially "switched-on" by the Chief Minister of Gibraltar, Hon. Fabian R Picardo and by the Minister of Health, Environment and Climate Change, Hon. Dr. John Cortes. Gibraltar Electric Authority (Gibraltar's National Electric Company) is the purchaser of the entire Project's power.
The Project is the first grid connected Eco Wave Power plant and the only wave power plant anywhere in Europe, operating multiple wave units, under Commercial PPA terms.
"In the last 4.5 years, we have been through a lot. People were coming with these magic black boxes, they told us you give us some funding and we will give you the power. They never came up with anything. Nothing ever worked. This is clearly working. I think that the future is bright and the future like the past all those six million years ago is in the power of the sea all around us"
To view the multimedia release go to:
http://www.multivu.com/players/uk/7851451-eco-wave-europe-first-grid-connected-energy/