Energy storage companies during the epidemic

How does energy demand affect the production of personal protective equipment (PPE)?

The energy demand for producing regular products (e.g. clothes and travel necessities) declines , but that for producing medical products and personal protective equipment (PPE) increases . The variations of projected energy intensities present geographical differences.

What happened to energy demand?

Several extreme events occurred due to dropped energy demands, such as the negative wholesale power prices in Germany and the negative oil prices in the USA . Global decision-makers were/are proposing emergency measures to conserve energy consumption and subsidise energy producers.

What are the challenges in conserving energy consumption during a crisis?

Regarding conserving the regular energy consumption, there are significant challenges, especially during the crisis period . Several extreme events occurred due to dropped energy demands, such as the negative wholesale power prices in Germany and the negative oil prices in the USA .

Is energy demand recovery on the way in India?

The energy consumption in India nearly returned to normal status but at the expense of the increasing number of daily COVID-19 cases. The energy demand recovery in the EU is on the way. The time period of energy recovery depends on policies, sociological factors and geographical factors.

How does a decline in energy demand affect the energy industry?

The decline in energy demand and consumption brings damage to the energy industry. For example, the COVID-19 pandemic caused bankrupts of at least 19 energy companies in the United States industry . Government interventions have been implemented promptly for energy industry responses .

How have government interventions impacted the energy industry?

Government interventions have been implemented promptly for energy industry responses . The latest data in July 2020 shows that, compared to the same period in 2019, the peak reduction rates of electricity consumption (weather corrected) in France, Germany, Italy, Spain, UK, China and India during the lockdown period were more than 10% .