GASIFY OR ELECTRIFY? Pathways for the Zero-Carbone Energy Future ÉDITO
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ORES Assets Scrl
ORES Assets scrl ANNUAL REPORT 2017 1 TABLE OF ORES Assets scrl ANNUAL REPORT 2017 CONTENTS I. Introductory message from the Chairman of the Board of Directors and the Chief Executive Officer p.4 II. ORES Assets consolidated management report p.6 Activity report and non-financial information p.6 True and fair view of the development of business, profits/losses and financial situation of the Group p.36 III. Annual financial statements p.54 Balance sheet p.54 Balance sheet by sector p.56 Profit and loss statement p.60 Profit and loss statement by sector p.61 Allocations and deductions p.69 Appendices p.70 List of contractors p.87 Valuation rules p.92 IV. Profit distribution p.96 V. Auditor’s report p.100 VI. ORES scrl - ORES Assets consolidated Name and form ORES. cooperative company with limited liability salaries report p.110 VII. Specific report on equity investments p.128 Registered office Avenue Jean Monnet 2, 1348 Louvain-la-Neuve, Belgium. VIII. Appendix 1 point 1 – List of shareholders updated on 31 December 2017 p.129 Incorporation Certificate of incorporation published in the appen- dix of the Moniteur belge [Belgian Official Journal] on 10 January 2014 under number 14012014. Memorandum and articles of association and their modifications The memorandum and articles of association were modified for the last time on 22 June 2017 and published in the appendix of the Moniteur belge on 18 July 2017 under number 2017-07-18/0104150. 2 3 networks. However, it also determining a strategy essen- Supported by a suitable training path, the setting up of a tially hinged around energy transition; several of our major "new world of work" within the company should also pro- business programmes and plans are in effect conducted to mote the creativity, agility and efficiency of all ORES’ active succeed in this challenge with the public authorities, other forces. -
U.S. Energy in the 21St Century: a Primer
U.S. Energy in the 21st Century: A Primer March 16, 2021 Congressional Research Service https://crsreports.congress.gov R46723 SUMMARY R46723 U.S. Energy in the 21st Century: A Primer March 16, 2021 Since the start of the 21st century, the U.S. energy system has changed tremendously. Technological advances in energy production have driven changes in energy consumption, and Melissa N. Diaz, the United States has moved from being a net importer of most forms of energy to a declining Coordinator importer—and a net exporter in 2019. The United States remains the second largest producer and Analyst in Energy Policy consumer of energy in the world, behind China. Overall energy consumption in the United States has held relatively steady since 2000, while the mix of energy sources has changed. Between 2000 and 2019, consumption of natural gas and renewable energy increased, while oil and nuclear power were relatively flat and coal decreased. In the same period, production of oil, natural gas, and renewables increased, while nuclear power was relatively flat and coal decreased. Overall energy production increased by 42% over the same period. Increases in the production of oil and natural gas are due in part to technological improvements in hydraulic fracturing and horizontal drilling that have facilitated access to resources in unconventional formations (e.g., shale). U.S. oil production (including natural gas liquids and crude oil) and natural gas production hit record highs in 2019. The United States is the largest producer of natural gas, a net exporter, and the largest consumer. Oil, natural gas, and other liquid fuels depend on a network of over three million miles of pipeline infrastructure. -
Climate and Energy Benchmark in Oil and Gas Insights Report
Climate and Energy Benchmark in Oil and Gas Insights Report Partners XxxxContents Introduction 3 Five key findings 5 Key finding 1: Staying within 1.5°C means companies must 6 keep oil and gas in the ground Key finding 2: Smoke and mirrors: companies are deflecting 8 attention from their inaction and ineffective climate strategies Key finding 3: Greatest contributors to climate change show 11 limited recognition of emissions responsibility through targets and planning Key finding 4: Empty promises: companies’ capital 12 expenditure in low-carbon technologies not nearly enough Key finding 5:National oil companies: big emissions, 16 little transparency, virtually no accountability Ranking 19 Module Summaries 25 Module 1: Targets 25 Module 2: Material Investment 28 Module 3: Intangible Investment 31 Module 4: Sold Products 32 Module 5: Management 34 Module 6: Supplier Engagement 37 Module 7: Client Engagement 39 Module 8: Policy Engagement 41 Module 9: Business Model 43 CLIMATE AND ENERGY BENCHMARK IN OIL AND GAS - INSIGHTS REPORT 2 Introduction Our world needs a major decarbonisation and energy transformation to WBA’s Climate and Energy Benchmark measures and ranks the world’s prevent the climate crisis we’re facing and meet the Paris Agreement goal 100 most influential oil and gas companies on their low-carbon transition. of limiting global warming to 1.5°C. Without urgent climate action, we will The Oil and Gas Benchmark is the first comprehensive assessment experience more extreme weather events, rising sea levels and immense of companies in the oil and gas sector using the International Energy negative impacts on ecosystems. -
Nuclear Hvac
NUCLEAR HVAC ENGIE Axima, your key partner ENGIE Axima your local partner for engineering, procurement, construction and operation maintenance of your nuclear HVAC projects. Gravelines With a network of GravelinesDunkerque Lille Boulogne-sur-Mer Dunkerque Lille Boulogne-sur-MerPenly St-Omer Dieppe Chooz Cherbourg Penly St-Omer Amiens Paluel Dieppe Chooz FlamanvilleCherbourg Amiens Compiègne Cattenom officies Paluel Rouen Flamanville Compiègne Cattenom Phalsbourg Engineering Procurement Construction Rouen PARIS Saint-Brieuc Caen Reims Metz ENGIE_axima RÉFÉRENCES COULEUR Brest Phalsbourg Haguenau • Design of HVAC & air treatment systems, • Qualification of the equipment (either • Installation of HVAC systems in in France ChartresPARIS Nogent/Seine gradient_MONO_WHITE Saint-Brieuc MontaubanCaen Reims Metz 22/10/2015 Brest Nancy HaguenauSTRASBOURG Landivisiau de Bretagne LeChartres Mans Nogent/Seine Troyes 24, rue Salomon de Rothschild - 92288 Suresnes - FRANCE of process fluids, process vacuum, and by analysis or testing). coordination with other work packages. Montauban Tél. : +33 (0)1 57 32 87 00 / Fax : +33 (0)1 57 32 87 87 Quimper Web : www.carrenoir.com WHITE cooling systems, including the preparation Landivisiau de BretagneRennesLe Mans Orléans Troyes Nancy Epinal STRASBOURGColmar Lorient Chaumont • Long-term partnership with reputable • Testing, commissioning, acceptance, Quimper Angers Fessenheim of the technical specifications for the VannesRennes St-LaurentOrléans Epinal MulhouseColmar suppliers for the procurement of all operation -
Digital Twin Modeling of a Solar Car Based on the Hybrid Model Method with Data-Driven and Mechanistic
applied sciences Article Digital Twin Modeling of a Solar Car Based on the Hybrid Model Method with Data-Driven and Mechanistic Luchang Bai, Youtong Zhang *, Hongqian Wei , Junbo Dong and Wei Tian Laboratory of Low Emission Vehicle, Beijing Institute of Technology, Beijing 100081, China; [email protected] (L.B.); [email protected] (H.W.); [email protected] (J.D.); [email protected] (W.T.) * Correspondence: [email protected] Featured Application: This technology is expected to be used in energy management of new energy vehicles. Abstract: Solar cars are energy-sensitive and affected by many factors. In order to achieve optimal energy management of solar cars, it is necessary to comprehensively characterize the energy flow of vehicular components. To model these components which are hard to formulate, this study stimulates a solar car with the digital twin (DT) technology to accurately characterize energy. Based on the hybrid modeling approach combining mechanistic and data-driven technologies, the DT model of a solar car is established with a designed cloud platform server based on Transmission Control Protocol (TCP) to realize data interaction between physical and virtual entities. The DT model is further modified by the offline optimization data of drive motors, and the energy consumption is evaluated with the DT system in the real-world experiment. Specifically, the energy consumption Citation: Bai, L.; Zhang, Y.; Wei, H.; error between the experiment and simulation is less than 5.17%, which suggests that the established Dong, J.; Tian, W. Digital Twin DT model can accurately stimulate energy consumption. Generally, this study lays the foundation Modeling of a Solar Car Based on the for subsequent performance optimization research. -
INTERNATIONAL ASSOCIATION for ENERGY ECONOMICS BIOGRAPHICAL SKETCHES 2020 ELECTION BALLOT (Listed in Alphabetical Order)
INTERNATIONAL ASSOCIATION FOR ENERGY ECONOMICS BIOGRAPHICAL SKETCHES 2020 ELECTION BALLOT (Listed in alphabetical order) JACQUELINE BOUCHER – for IAEE Vice President for Business & Government Affairs (2021-2022) Current Affiliation: Carbon Neutral Transformation Project Manager ENGIE, Brussels, Belgium; Board Member ENGIE Energy Management (Brussels), Laborelec (Belgium) and ENGIE Energy Management Gmbh, Köln, Germany; Lecturer Ecole Polytechnique UCLouvain, Louvain-la-Neuve, Belgium and ICHEC Business School, Brussels Education: PhD in Mathematics, University of Namur, Belgium; Specialized Ms In Economics Energy, UCLouvain, Louvain-la-Neuve, Belgium Former Affiliations: Chief Power Asset Manager and Member of the Management Committee, ENGIE Global Energy Management, Paris (France) & Brussels (2016-20); SVP Economic and Modeling Studies, GFDSUEZ Strategy, Paris & Brussels (2010-15); Board Member Elia SA, Brussels (2007 – 2009) and Fluxys SA, Brussels (2006 – 2009); SVP Strategy Electrabel, Brussels (2005-09); Chief Risk Officer & Head of Risk and Asset Liability Management, Electrabel, Brussels (2002-05); Head of Microeconomics & Regulation / Quantitative Analysis, Electrabel, Brussels (1994-2002); Start-up co- founder and senior consultant, COHERENCE , Louvain-la-Neuve, Belgium (1989-1994); Researcher, CORE, UCLouvain, Louvain-la-Neuve (1980-1994) IAEE Activities: Board Member (2012-14) JEAN-MICHEL GLACHANT – for IAEE Vice President for Communications (2021 to 2022) Current Affiliation: Professor at Loyola de Palacio Chair in European Energy Policy, Robert Schuman Center, European University Institute, Florence; and Director of Florence School of Regulation (FSR); since 1st Oct. 2008 Education: PhD in Economics, La Sorbonne University, Paris, France. Former Affiliations: Professor and Dean for Economics, Faculté d’Orsay, Université Paris - Sud (2000-2008); Lecturer, associate Professor in economics, La Sorbonne University, Paris (1982-2000) IAEE Activities: Member since 1997. -
Case Study Report: Energiewende – Mission-Oriented R&I Policies
Mission-oriented R&I policies: In-depth case studies Case Study Report Energiewende Hanna Kuittinen, Daniela Velte January 2018 Mission-oriented R&I policies: In-depth case studies European Commission Directorate-General for Research and Innovation Directorate A – Policy Development and coordination Unit A6 – Open Data Policy and Science Cloud Contact Arnold Weiszenbacher E-mail [email protected] [email protected] [email protected] European Commission B-1049 Brussels Manuscript completed in January 2018. This document has been prepared for the European Commission however it reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein. More information on the European Union is available on the internet (http://europa.eu). Luxembourg: Publications Office of the European Union, 2018 PDF ISBN 978-92-79-80159-4 doi: 10.2777/835267 KI-01-18-150-EN-N © European Union, 2018. Reuse is authorised provided the source is acknowledged. The reuse policy of European Commission documents is regulated by Decision 2011/833/EU (OJ L 330, 14.12.2011, p. 39). For any use or reproduction of photos or other material that is not under the EU copyright, permission must be sought directly from the copyright holders EUROPEAN COMMISSION Mission-oriented R&I policies: In-depth case studies Case Study Report: Energiewende Hanna Kuittinen Daniela Velte 2018 Directorate-General for Research and Innovation Table of Contents 1 Summary of the case study ................................................................................... 3 2 Context and objectives of the initiative ................................................................... 5 2.1 Origins of initiative and the main contextual factors ........................................ -
The Best Energy Mix and the Need for Comprehensive Viewpoints
IEEJ: April 2013 All Right Reserved The Best Energy Mix and the Need for Comprehensive Viewpoints Wednesday, November 16, 2011 Masakazu Toyoda The Institute of Energy Economics, Japan IEEJ: April 2013 All Right Reserved Contents 1. The Best Energy Mix from Comprehensive Viewpoints 2. Overall, There Is No Perfect Energy Option 3. Short- to Mid-Term Challenges to Achieving the Best Energy Mix 4. Mid- to Long-Term Challenges to Achieving the Best Energy Mix Unauthorized reproduction is prohibited. 2 IEEJ: April 2013 All Right Reserved 1. The Best Energy Mix from Comprehensive Viewpoints 1. When reviewing the energy mix, we must solve simultaneous equations with many variables. This requires objective and quantitative analyses. 2. The following variables are important: 1) S (safety) 2) Three Es (i) Energy security (ii) Economic efficiency (particularly in terms of cost) (iii) The environment (compatibility with mitigating global warming) 3) M (impacts on the macro economy) Unauthorized reproduction is prohibited. 3 IEEJ: April 2013 All Right Reserved 1. The Best Energy Mix from Comprehensive Viewpoints 1) S (safety) ● Safety is a prerequisite for energy policies and the activities of the energy industry itself. ● Safety is a measure of the overall competence in various areas including technology, appropriate regulatory framework, cooperation among national and local governments, and the allocation of responsibility among the national government, local governments and utilities. ● Since other energy options also have their advantages and disadvantages (in terms of supply stability, economic efficiency, global warming mitigation, etc.), completely phasing out nuclear power would incur significant risk. Japan must develop safer nuclear power, which is supported by people. -
Oil Analyses Condition Assessment of Transformers and Rotating Machinery
Oil Analyses Condition assessment of transformers and rotating machinery • Detecting and preventing faults • Increasing availability • Optimizing maintenance Transformers Prevent failures A sudden breakdown of a power or industrial transformer usually means unforeseen costs for maintenance, new investments to be made, or unexpected production interruption. As many transformers in companies throughout Europe become older, the probability of such a breakdown increases. What you should know about transformer failures • The average transformer age at failure is 18 years. • The largest financial losses are due to failures of industrial and generator step-up transformers (study by the Hartford Insurance Company). • Insulation failure is the leading cause (responsible for one fourth of all failures). • The cost of insulation failures alone accounts for more than half of all failure costs. • Large power transformers have delivery times between 18 and 24 months. Check your transformer’s health The insulating oil in a transformer can tell you a lot about the actual state of your transformer and its remaining lifetime. Based on this information, you can anticipate potential failures and put in place a precisely targeted maintenance or replacement plan. What your transformer oil can tell you An in-depth analysis of your transformer’s oil gives you a Electrabel power plant good insight into the condition of your transformer and its Herdersbrug, Bruges (B) electrical insulation. ‘Thanks to the early detection of a hotspot, irreversible damage to the transformer — and in the • Internal faults: you can detect the presence of electrical worst case an explosion — was avoided.’ or thermal faults and determine its exact type (partial discharges, hot spots, arcing, et cetera). -
Thin Film Silicon Solar Cells: Advanced Processing and Characterization - 26 101191 / 151399
April 2008 Photovoltaic Programme Edition 2008 Summary Report, Project List, Annual Project Reports 2007 (Abstracts) elaborated by: NET Nowak Energy & Technology Ltd. Cover: Zero-Energy Building: Support Office of Marché International, Kemptthal / ZH 44,6 kWp Solar Power System with Thin Film Solar Cells (Photos: Front cover: SunTechnics Fabrisolar, Back cover: Büro für Architektur Beat Kämpfen, Photo Willi Kracher) Prepared by: NET Nowak Energy & Technology Ltd. Waldweg 8, CH - 1717 St. Ursen (Switzerland) Phone: +41 (0) 26 494 00 30, Fax. +41 (0) 26 494 00 34, [email protected] on behalf of: Swiss Federal Office of Energy SFOE Mühlestrasse 4, CH - 3063 Ittigen postal addresse: CH- 3003 Bern Phone: 031 322 56 11, Fax. 031 323 25 00 [email protected] www.bfe.admin.ch Photovoltaic Programme Edition 2008 Summary Report, Project List, Annual Project Reports 2007 (Abstracts) Contents S. Nowak Summary Report Edition 2008 Page 5 Annual Project Reports 2007 (Abstracts) Page C. Ballif, J. Bailat, F.J. Haug, S. Faÿ, R. Tscharner Thin film silicon solar cells: advanced processing and characterization - 26 101191 / 151399 F.J. Haug, C. Ballif Flexible photovoltaics: next generation high efficiency and low cost thin 27 film silicon modules - CTI 8809 S. Olibet, C. Ballif High efficiency thin-film passivated silicon solar cells and modules - 28 THIFIC: Thin film on crystalline Si - Axpo Naturstrom Fonds 0703 C. Ballif, F. J. Haug, V. Terrazzoni-Daudrix FLEXCELLENCE: Roll-to-roll technology for the production of high efficiency 29 low cost thin film silicon photovoltaic modules - SES-CT-019948 N. Wyrsch, C. Ballif ATHLET: Advanced Thin Film Technologies for Cost Effective Photovoltaics - 30 IP 019670 A. -
Euro Stoxx® Multi Premia Index
EURO STOXX® MULTI PREMIA INDEX Components1 Company Supersector Country Weight (%) SARTORIUS STEDIM BIOTECH Health Care France 1.59 IMCD Chemicals Netherlands 1.25 VOPAK Industrial Goods & Services Netherlands 1.15 BIOMERIEUX Health Care France 1.04 REMY COINTREAU Food, Beverage & Tobacco France 1.03 EURONEXT Financial Services France 1.00 HERMES INTERNATIONAL Consumer Products & Services France 0.94 SUEZ ENVIRONNEMENT Utilities France 0.94 BRENNTAG Chemicals Germany 0.93 ENAGAS Energy Spain 0.90 ILIAD Telecommunications France 0.89 DEUTSCHE POST Industrial Goods & Services Germany 0.88 FUCHS PETROLUB PREF Chemicals Germany 0.88 SEB Consumer Products & Services France 0.87 SIGNIFY Construction & Materials Netherlands 0.86 CARL ZEISS MEDITEC Health Care Germany 0.80 SOFINA Financial Services Belgium 0.80 EUROFINS SCIENTIFIC Health Care France 0.80 RATIONAL Industrial Goods & Services Germany 0.80 AALBERTS Industrial Goods & Services Netherlands 0.74 KINGSPAN GRP Construction & Materials Ireland 0.73 GERRESHEIMER Health Care Germany 0.72 GLANBIA Food, Beverage & Tobacco Ireland 0.71 PUBLICIS GRP Media France 0.70 UNITED INTERNET Technology Germany 0.70 L'OREAL Consumer Products & Services France 0.70 KPN Telecommunications Netherlands 0.68 SARTORIUS PREF. Health Care Germany 0.68 BMW Automobiles & Parts Germany 0.68 VISCOFAN Food, Beverage & Tobacco Spain 0.67 SAINT GOBAIN Construction & Materials France 0.67 CORBION Food, Beverage & Tobacco Netherlands 0.66 DAIMLER Automobiles & Parts Germany 0.66 PROSIEBENSAT.1 MEDIA Media Germany 0.65 -
Reference Document 2008
REFERENCE DOCUMENT 2008 REDISCOVERING ENERGY REFERENCE DOCUMENT 2008 Incorporation by reference Pursuant to Article 28 of European Regulation No. 809/2004 of April 29, 2004, this Reference Document incorporates by reference the following information to which the reader is invited to refer: • with regard to the fiscal year ended December 31, 2007 for Gaz de France: management report, consolidated financial statements, prepared in accordance with IFRS accounting principles and the related Statutory Auditors’ reports found on pages 113 to 128 and pages 189 to 296 of the Reference Document, registered on May 15, 2008 with l’Autorité des Marchés Financiers (French Financial Markets Authority, or AMF), under R. 08-056; • with regard to the fiscal year endedD ecember 31, 2007 for SUEZ: management report, consolidated financial statements, prepared in accordance with IFRS accounting principles and the related Statutory Auditors’ reports found on pages 117 to 130 and pages 193 to 312 of the Reference Document, filed onM arch 18, 2008 with l’Autorité des Marchés Financiers (French Financial Markets Authority, or AMF), under D. 08-0122 as well as its update filed on June 13, 2008 under D. 08-0122-A01; • with regard to the fiscal year ended December 31, 2006 for Gaz de France: management report, consolidated financial statements, prepared in accordance with IFRS accounting principles and the related Statutory Auditors’ reports found on pages 105 to 118 and pages 182 to 294 of the Reference Document, registered on April 27, 2007 with l’Autorité des Marchés Financiers (French Financial Markets Authority, or AMF), under R. 07-046; • with regard to the fiscal year ended December 31, 2006 for SUEZ: management report, consolidated financial statements, prepared in accordance with IFRS accounting principles and the related Statutory Auditors’ reports found on pages 117 to 130 and pages 194 to 309 of the Reference Document, filed on April 4, 2007 withl’Autorité des Marchés Financiers (French Financial Markets Authority, or AMF), under D.