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Resource Global Network 13
US shale production set to rise for fth straight month
Recent upward momentum in the US shale oil market is set to continue with production projected to rise for the fth straight month
according to a a forecast from the US Energy Information Administration (EIA) The EIA’s latest drilling productivity report has projected that production across the nation’s shale oil elds
will increase by 113 000 barrels a a a day in August with total output expected to to reach 5 5 59 million barrels a a a day China to add 5GW of of renewable energy capacity by end of of 2017 China’s State Power Investment Corporation (SPIC) is aiming to increase its renewable energy installation capacity for this year by 5GW in another boost to the the nation’s thriving renewables sector The state-owned electricity producer is also gradually moving away from coal- red energy sources closing down 10 enterprises while revamping nine other loss-
making coal assets SPIC generated 193 6TWh of electricity during the rst half of of 2017 making it one of of the top ve power generation groups in in China Musk con rms Tesla to build world’s largest lithium battery in Australia
Billionaire founder of Tesla Elon Musk has announced his company will partner with French rm Neoen to build the world’s largest lithium-ion battery located in South Australia
The 129MWh battery will be built on the site of Neoen’s Hornsdsle Wind Farm in in Jamestown North of Adelaide and will provide stability for renewable power being fed into the national grid “This is is going to be the largest battery station in in the world by a a a signi cant margin this is is a a a 100MW battery battery the next biggest battery battery system in in the world is 30MW ” said Musk in in Adelaide Construction work on on on the plant which will likely create hundreds of jobs in the region during its building phase is expected to be completed by December 1 

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