Petroleum and liquid fuel consumption will increase 38 percent globally by 2040, according to the US Energy Information Administration. Developing parts of the Middle East and Asia account for 85 percent of that increase. In 2040, 92 percent of liquid fuel will be consumed by the transportation and industrial sectors. Liquid fuel use by the residential, commercial and electric power sectors is expected to decrease. Fuel consumption in areas with established oil markets, including the US and Europe, has probably already peaked. Read more at Green Car Congress, or in the press release below.

California is funding $13.3 million worth of programs for manufacturing zero-emission vehicles and advanced vehicle technology. The California Energy Commission's Zero Emission Vehicle Readiness grants, worth $3.3 million, will go toward planning for plug-in hybrid and fuel cell vehicles. Advanced Vehicle Technology Manufacturing grants, worth $10 million, will fund manufacturing lines for alternative fuel vehicles. That includes lines that manufacture complete vehicles, as well as ones that build power- or drivetrain components for those vehicles. The grants require a 50 percent cost share with the awardees. Read more at Green Car Congress.

Local Motors is currently making its 3D printed car, called Strati, at the International Manufacturing Technology Show in Chicago. The design, created by Italy's Michele Anoé, was chosen in the 3D Printed Car Design Challenge earlier this year. Printing began Sunday, and is expected to finish this Saturday. The Strati is being made using the Big Area Additive Manufacturing machine - which can print 10 pounds of plastic per hour - with carbon reinforced ABS plastic. If successful, the Local Motors team will drive the Strati away from McCormick Place, where the printing is taking place. Read more at 3D Print, or see the printing process in the video below.

Proterra has chosen Toshiba as the battery supplier for its electric bus. The Toshiba battery is the Rapid Recharge SCiB battery, which is capable of at least 10,000 charge-discharge cycles, as well as vehicle-to-grid operation. The Proterra bus' fast charge system can charge the battery in less than 10 minutes, making it ideal for the demands of public transit. Read more in the press release, below.
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World liquid fuels use projected to rise 38% by 2040, spurred by growth in Asia and Middle East

World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to projections in International Energy Outlook 2014 (IEO2014), released today by the U.S. Energy Information Administration (EIA).

"The growth outlook for liquid fuels use will be largely driven by demand in the developing world, especially in Asia and the Middle East," said EIA Administrator Adam Sieminski. "Those two regions combined account for 85% of the total increase in liquid fuels used worldwide over that period."

World markets for petroleum and other liquid fuels have entered a period of dynamic change-in both supply and demand. The changes in the overall market environment have led EIA to reassess its outlook for long-term global liquid fuels markets in IEO2014. IEO2104 is an abbreviated edition of the report that focuses on world liquid fuels markets. A full edition of the report that includes projections of supply and demand for all energy sources will be released in 2015.

Some key IEO2014 findings:

World liquid fuels use is projected to grow from 87 million barrels per day (MMbbl/d) in 2010 to 119 MMbbl/d in 2040. The potential for growth in demand for liquid fuels is focused on the emerging economies of China, India, and the Middle East, while liquid fuels demand in the United States, Europe, and other regions with well-established oil markets seems to have peaked (Figure 1). After a long period of sustained high oil prices, efficiency and fuel switching have reduced or slowed the growth of liquid fuels use among mature oil-consuming countries. Developing Asian countries (including China and India) account for 72% of the world increase in liquid fuels consumption, with Middle East consumers accounting for another 13%.

OPEC oil producers are the largest source of additional liquid fuel supply between 2010 and 2040. OPEC crude and lease condensate accounts for 14 MMbbl/d of the 33 MMbbl/d increase in total liquid fuel supply (Figure 2). The IEO2014 Reference case assumes OPEC producers invest in incremental production capacity that enables them to maintain a share of between 39% and 44% of total world liquid fuels production throughout the projection. The Middle East OPEC member countries alone account for 90% of the total growth in projected OPEC crude and lease condensate production.

Non-OPEC crude and lease condensate production increases by 10 MMbbl/d. Rising world oil prices attract investment in areas previously considered uneconomic. Potential new supplies of oil from tight and shale resources have raised optimism for large, new sources of global liquid supplies to meet growing demand. Compared to previous reports, IEO2014 incorporates larger new supplies of tight oil from the United States and Canada. However, other countries, including Mexico, Russia, Argentina, and China, begin producing substantial volumes of tight oil between now and 2040.

Other IEO2014 highlights:

- Since July 2012, North Sea Brent crude oil spot prices have generally remained in the range of $100 to $115 (nominal dollars) per barrel. Supply disruptions in several oil-producing regions, notably in North Africa and the Middle East, have been largely offset by increasing liquids supplies from the United States and Canada. In the IEO2014 Reference case, oil prices are expected to increase over the long term, with the world oil price in real 2012 dollars reaching $141 per barrel in 2040.
- Liquids other than crude and lease condensate-including natural gas plant liquids (NGPL), biofuels, coal-to-liquids (CTL), gas-to-liquids (GTL), kerogen (oil shale), and refinery gain-currently supply a relatively small portion of total world petroleum and other liquid fuels, accounting for about 14% of the total in 2010. However, they are expected to grow in importance, rising to 17% of total liquid fuels in 2040.
- Rising prices for liquid fuels improve the cost competitiveness of other fuels, leading many users of liquid fuels outside the transportation and industrial sectors to switch to other sources of energy when possible. The transportation and industrial sectors account for 92% of global liquid fuels demand in 2040. Consumption of liquid fuels in the other sectors (residential, commercial, and electric power) decreases over the projection period.
- In addition to the Reference case, the IEO2014 includes a low-oil-price scenario and a high-oil-price scenario with prices that reach $75 and $204 (real 2012 dollars) per barrel, respectively, in 2040. The price cases examine a range of potential interactions of supply, demand, and prices in world liquids markets.

IEO2014 is available at http://www.eia.gov/forecasts/ieo/.


Toshiba to Provide Rapid Recharge SCiB™ Batteries for Proterra Zero-Emission Bus Fleet

Toshiba has been selected as the battery supplier for the all-electric, zero-emission bus from Proterra Inc., the leading electric vehicle transit bus manufacturer. The new fleet will use Toshiba's Rechargeable Batteries (SCiB™), a safe rechargeable battery solution with high-rate performance and long-life capabilities that is used in a wide range of applications, from EVs to grid energy storage.

Toshiba announced today that it has been selected as the battery supplier for the next generation, all-electric, zero-emission bus from Proterra Inc., the leading electric vehicle (EV) transit bus manufacturer. The new fleet will use Toshiba's Rechargeable Batteries (SCiB™), a safe rechargeable battery solution with high-rate performance and long-life capabilities that is used in a wide range of applications, from EVs to grid energy storage.

"With a rapid recharge capability and outstanding life performance, Toshiba's SCiB battery is ideally suited for zero-emission public transit," said Greg Mack, Vice President of Toshiba International Corporation's (TIC) Power Electronics Division. "Toshiba has decades of experience in transportation and we see the SCiB battery as key to expanding environmentally-friendly modes of transportation with optimum power performance in North America."

Proterra has led the way in creating the quietest, most fuel-efficient and environmentally sustainable transit bus on the market today, helping cities across the United States reduce their carbon footprints and improve quality of life for residents. In addition to having nearly six times the fuel economy per kilometer/mile (when translated into conventional fuels) of a diesel bus and being a true zero-emission means of transport, Proterra buses feature a fast charge system that takes less than 10 minutes to charge during regularly scheduled route stops, making the buses well-suited to transit applications.

"Because safety and performance are paramount to Proterra, we are very deliberate in each part we select for our buses, putting vendors through a rigorous qualification process," said Proterra Inc. CEO, Ryan Popple. "Battery quality is critical to the performance of Electric Vehicles; partnering with a world-class team like Toshiba and utilizing SCiB technology will enable Proterra to offer its customers the highest-performance, safest, and most reliable urban transit vehicles."

The SCiB is part of a wide range of solutions designed to enable smarter communities. Leveraging expertise cultivated since the company's foundation, Toshiba is committed to being a global leader in smart community solutions that enrich the quality of life for people throughout the world. The Toshiba Group has already participated in more than 30 smart community demonstration projects highlighting battery storage and cloud-based solutions for social infrastructure that satisfy the differing needs in developing and developed countries. With a wide range of experience and know-how acquired from the stable operation of social infrastructure over many years, Toshiba is confident in its ability to present more effective and more sophisticated solutions based on precise simulations and highly accurate predictions.

Toshiba's SCiB batteries have excellent thermal performance, enabling their high-rate charging capability. The lithium-titanate chemistry contained in SCiB makes the batteries highly resistant to thermal runaway and lithium metal plating, providing exceptional battery safety characteristics.

SCiB products also offer minimal capacity degradation and are capable of 10,000 or more charge-discharge cycles, depending on operating conditions. This operational life often exceeds that of the applications in which they are used, eliminating the need for battery replacement and reducing the environmental impact of waste batteries.

More online information about SCiB:
• SCiB Battery website http://www.toshiba.com/tic/industrial/rechargable-battery
• SCiB Battery video http://youtu.be/7ffXunML8jY
• SCiB Battery white paper http://www.slideshare.net/TOSHIBA-CORPORATION/toshibabatterywhaitepapersample

About Toshiba
Toshiba Corporation, a Fortune Global 500 company, channels world-class capabilities in advanced electronic and electrical product and systems into five strategic business domains: Energy & Infrastructure, Community Solutions, Healthcare Systems & Services, Electronic Devices & Components, and Lifestyles Products & Services. Guided by the principles of The Basic Commitment of the Toshiba Group, "Committed to People, Committed to the Future", Toshiba promotes global operations towards securing "Growth Through Creativity and Innovation", and is contributing to the achievement of a world in which people everywhere live in safe, secure and comfortable society.

Founded in Tokyo in 1875, today's Toshiba is at the heart of a global network of over 590 consolidated companies employing over 200,000 people worldwide, with annual sales surpassing 6.5 trillion yen (US$63 billion). To find out more about Toshiba, visit www.toshiba.co.jp/index.htm.

About Toshiba International Corporation
TIC is a Toshiba America Inc. (TAI) Group Company, a wholly owned subsidiary of Toshiba Corporation. TIC is headquartered in Houston, Texas and employs approximately 2,000 people. TIC provides application solutions to a wide range of industries including industrial, power systems, and transmission and distribution systems. For more information about TIC, please visit www.toshiba.com/tic.

About Proterra
Proterra is a leader in the design and manufacture of clean technology and clean energy, providing zero emission vehicles that enable bus fleet operators to significantly reduce operating cost while delivering clean, quiet power to the community. With unmatched durability and energy efficiency based on rigorous industry testing at Altoona, the Proterra product is proudly made in America and the company based in Greenville, SC. For more information about Proterra, please visit www.proterra.com.


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