11.20.24- Why Big Oil Is Scaling Back Renewables Investment Europe’s biggest oil and gas companies have changed their approach to energy supply twice over the past five years. First came the ambitions to become major players in the renewables sector and goals to reduce oil and gas production by the end of the decade. That was in 2019 and early 2020 when Big Oil firms were racing to announce major shifts in strategy toward conventional and green energy. Read More |
11.19.24- First onshore wave energy project in the US gets official nod Back in 2022, Eco Wave Energy announced plans to relocate its wave energy array from Gibraltar to the Port of Los Angeles. Now the company has secured final approval for what will become the first onshore wave energy project in the US. The idea behind the setup is to mount a number of floaters on coastal infrastructure, which rise and fall to the motion of waves. This drives hydraulic pistons to move fluid to an accumulator, which is then released to produce electricity via a generator. Read More |
11.18.24- Bourbon distilleries: A new source of renewable energy In Kentucky, bourbon demand is expected to double in the next five years, while the state's cattle population has now reached its lowest point since 1951. Here's how these two facts could combine to turn bourbon distilleries into a new source of biofuels. At the end of the bourbon distilling process, producers are left with a substance known as stillage. This material consists of the grains used to feed the yeast that created the bourbon as well as dead yeast cells and other fermentation products. It is a high protein material and is most commonly used to feed cattle and other livestock. In Kentucky alone, 127.2 million gallons of bourbon were produced when the last comprehensive count was done in 2020 and for each gallon of spirits made, there is 10 times as much stillage produced. Read More |
11.16.24- Shale Industry Wants Liberty CEO Wright as U.S. Energy Secretary Chris Wright, founder and CEO of fracking services company Liberty Energy, is a top pick among shale industry executives to lead the U.S. Department of Energy in the coming Trump Administration. Wright, who advocates for “better human lives by expanding access to abundant, affordable, and reliable energy,” does not have political experience, but is being endorsed by his peer executives to be the next U.S. Secretary of Energy. Read More |
11.15.24- Electrochemical reactor grabs 97.5% of lithium from geothermal sources Lithium-ion batteries power everything from our vape pens to electric cars, but they have one glaring issue: they rely on lots of hard-to-harvest lithium. A new reactor from Rice University is set to make the whole process easier and safer. It's hard to pick up any rechargeable device these days that doesn't have a lithium-ion battery inside. While there have been alternatives floated, such as those based on potassium or sodium, lithium is currently where it's at in the contemporary battery market. That's primarily because, despite occasionally bursting into flames, Li-ion batteries have an excellent energy density that lets them hold a lot of charge in a relatively small size. Read More |
11.14.24- Three Key Energy Moves Trump Plans for His First 100 Days Crucially for President-Elect Donald Trump’s second term in office, he will have considerable personal influence over the Senate (in which his Republican Party now holds a majority) and over the Supreme Court (where conservatives hold a six-to-three majority). His Party – and few can argue that it is now truly that – may also secure a majority in the second of the two institutions of Congress, the House of Representatives (at the time of writing, the Republicans had secured 213 of 218 seats needed for a majority in the House, with counting still ongoing). Read More |
11.13.24- The Future of Nuclear Power is Wrought with Challenges It is easy to get the impression that proposed new modular nuclear generating units will solve the problems of nuclear generation. Perhaps they will allow more nuclear electricity to be generated at a low cost and with much less of a problem with spent fuel. As I analyze the situation, however, the problems associated with nuclear electricity generation are more complex and immediate than most people perceive. My analysis shows that the world is already dealing with “not enough uranium from mines to go around.” In particular, US production of uranium “peaked”about 1980. Read More |
The End of Globalism: Navigating the Transition to a Sustainable World Back in 2016 a month before Donald Trump was elected for the first time, I wrote a piece that I'm revisiting here. So much of what I said then still applies that I encourage you to read that piece. My thinking was heavily informed by a lecture by the now late French philosopher Bruno Latour entitled "Why Gaia is not the Globe." Latour made the case that Trump's perplexing popularity could be traced to his ability to give voice to the anger and fear generated by the effects of Globalism. In fact, Latour noticed that the anger and fear were actually widespread and reflected in Great Britain's exit from European Union and the many right-wing movements in European countries that now are all too familiar eight years later. Read More |
11.11.24- Here's Why These Geopolitical And Financial Chokepoints Need Your Attention...
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11.09.24- Three Mile Island's Clean Energy Comeback Fueled by Tech Giant Demand Three Mile Island, the site of one of the world’s most famous nuclear accidents, is set to reopen several years after its closure. On September 20th, Baltimore-based Constellation Energy and Microsoft announced that they had reached a deal that would mean the reopening of the 835 MW Three Mile Island Unit 1 nuclear plant in Pennsylvania. Unit 2 has been shut down since its partial core meltdown in 1979 and is currently being decommissioned. However, as Unit 1 was not damaged during the accident, it continued operating until 2019, when it eventually closed for financial reasons. Read More |
11.08.24- And Now, for Someting Entirely Different: Ivy Day Thoughts If you were to ask an American to name a corrupt country, he would most likely pick one from what we used to call the third world. To a great degree, this is how we now define the term “third world”. It simply means corrupt. First world countries have transparency and the rule of law, while third world countries are opaque, and the rules are not always clear to the citizens of those countries. These days it is not unusual to hear Russia or China called third world, for example. Read More |
11.07.24- Solar And Wind Won't Replace Natural Gas For Decades: They Will Depend On It Solar and wind are rolling out rapidly in the U.S. They account for about 19 percent of energy generation today, and could reach more than 40% by 2030. This clean energy will rapidly replace coal, and many expect it will simply replace natural gas as well. But that’s a mistake: In fact, solar and wind will depend on gas for decades to come. Today, solar and wind are relatively low cost, and prices will likely fall further. But they are not like fossil fuels—they are what’s known as variable renewable energy (VRE)—meaning they only produce electricity when the sun shines or the wind blows. Read More |
US Treasury yields jumped and Bitcoin surged to a new record as markets reacted to Donald Trump’s victory in the presidential election. Republicans have taken back control of the Senate, while Trump is due to return to the White House after winning the crucial battleground of Pennsylvania. Trump declared victory in a speech in Florida after having earlier won the key swing states of North Carolina and Georgia. The win was officially called by media outlets later in the morning. Read More |
11.05.24- Looming Oil Glut to Reshape Global Energy Landscape We’re headed for a historic supply-demand gap in oil markets, the size of which has only been seen twice since the mid-nineteenth century, when the oil industry was born. A report this week from the World Bank has set off alarm bells about a coming oil glut that has the potential to seriously disrupt global economics and trade patterns. "Next year, the global oil supply is expected to exceed demand by an average of 1.2 million barrels per day," World Bank stated in its latest Commodity Markets Outlook report. The scale of this oversupply is difficult to overstate; these numbers have only been exceeded twice in history, in 1998 and 2020. As a result, a barrel of oil could cost less than $60 within the next six years. Read More |
11.04.24- China sets launch date for world’s first thorium molten salt nuclear power station Construction of a molten salt nuclear power plant that uses thorium as fuel instead of uranium is set to begin in the Gobi Desert China plans to start building the world’s first molten salt reactor power station next year in the Gobi Desert. Read More |
11.02.24- USGS Finds Enough Lithium to Meet Annual Demand Nine Times Over The United States Geological Survey (USGS) and the Arkansas Department of Energy and Environment's Office of the State Geologist have discovered a vast lithium reserve containing more than nine times the International Energy Agency's projection of global lithium demand for electric vehicles in 2030. A relic of an ancient sea that left an extensive, porous, and permeable limestone geologic, the Smackover Formation extends under parts of Arkansas, Louisiana, Texas, Alabama, Mississippi, and Florida, and could contain between 5 and 19 million tons of lithium reserves. Read More |
11.01.24- New Survey Shows Grim Outlook For Oil Markets A Reuters poll released Thursday paints a lackluster future for oil in 2025, with a cocktail of sluggish demand growth and supply glut concerns pulling prices down. Analysts now see Brent crude averaging $80.55 per barrel this year and $76.61 in 2025— a steady downgrade from earlier projections. Read More |
10.31.24- The Race for Nuclear Fusion Scientists have been searching for a way to produce a nuclear fusion reaction for decades, to develop commercial operations that can provide abundant clean energy. Several breakthroughs in the U.S. and U.K. in the past couple of years have shown great promise for the future of nuclear fusion, but many scientists believe we still have a long way to go before the technology can be deployed on a commercial scale. Meanwhile, China’s heavy investment in fusion research and development could put it ahead of the competition in the coming years. Read More |
10.30.24- Small Nuclear Reactors to Power Czech Republic's Green Energy Shift Rolls-Royce has sold a minority stake in its small nuclear reactor division to Czech power company CEZ. The Derby-headquartered giant has handed a 20 per cent share in Rolls-Royce SMR in a deal worth hundreds of millions of pounds. CEZ plans to build the first small modular reactor at the existing Temelin nuclear plant in the first half of the 2030s. Read More |
10.29.24- It's not a tiny home. It's actually a nuclear microreactor powerplant How would you like to visit your local nuclear power facility and maybe go for a swim in its indoor pool? Or hang out and look at art ... Maybe even just sit with friends and enjoy a cup of coffee in the warm glow of nuclear power? With backing from Sam Altman, the CEO of OpenAI and makers of ChatGPT, Oklo Inc. – a company that recycles nuclear fuel and uses it in its nuclear fission microreactor dubbed Aurora – says this will be possible. Not only possible, but in Oklo's plans. Read More |
10.28.24- The Green New Scam Is Dying It’s no secret that the vast majority of the so-called elites are advocates of climate alarmism and are taken in by the Green New Scam. Whether this preference is based on ignorance of the science, ideological zeal, a willful desire to hurt American growth or simple greed because of their investments in Green New Scam infrastructure varies case by case. Read More |
10.26.24- Big Tech's Nuclear Gamble Could Change The Course of the Energy Transition Microsoft recently struck a deal to restart of the Three Mile Island nuclear power plant. Google partnered with small modular reactor developer Kairos to build 500MW of generation capacity. Amazon bought stock in another SMR developer, X-energy. Big Oil loves nuclear. This could change the course of the energy transition. Read More |
10.25.24- Oxford Claims to Have Produced Mater-Antimatter Plasma Well, I am still sitting here waiting for the inspector to show up, and thus still trying to catch up on this week’s blogs, and this story is a humdinger of a whopper doozie, if true. It was shared by M.D., with our dep gratitude, and, as the headline observes, comes from my alma mater, the University of Oxford: Read More |
10.24.24- Planet's largest wind turbine record broken again at 26-MW China, the undisputed global leader in wind energy, has just set another world record for the world's tallest and highest-capacity offshore wind turbine, taller than the Eiffel Tower, The Chrysler Building, and longer than the longest US aircraft carrier. The nacelle hub height sits at 607 ft (185 m), while the blade diameter is a whopping 1,107 ft (310 m). It has a blade swept area of 812,424 square feet (75,477 sq m). Do you know what else has about that much wingspan? Twelve Boeing 747s. You'd need an area the size of 14 NFL football fields, or a decent city block, to lay it down. It's a bit big. Read More |
10.23.24- Why Is Smart Money Betting Against Renewable Energy Last week, we reported that bearish sentiment in oil markets had sunk to levels last seen during the 2008 global financial crisis. According to commodity analysts at Standard Chartered, the main themes currently dominating oil markets are expectations of macroeconomic hard landings, extreme oil demand weakness, and persistent fears of oversupplied oil markets in 2025. Read More |
10.22.24- Wave-resistant PV platform explores offshore solar potential Fields turned over to solar farms are becoming a more common sight as we look towards a zero-carbon future. But like wind turbines, massive PV installations may soon be heading offshore. China is looking to lead the charge, and is embarking on sea trials of a wave-resistant hexagonal floating platform. Read More |
10.21.24- Scientists To Drill Volcano In Search Of Unlimited Super-Hot Energy An international team of scientists is preparing to drill into an active volcano in Iceland in search of a better understanding of the properties of the molten rock, magma, deep underneath. Apart from gaining better insights into the processes taking place under the surface of the Earth, the researchers plan, via a testbed under the Krafla volcano, to look into the potential of super-hot geothermal energy. Read More |
10.19.24- Controversial Study Claims LNG is Dirtier Than Coal A new article in Financial Times discusses a controversial academic paper by Cornell University professor Robert Howarth that has reignited the debate over liquefied natural gas (LNG) and its environmental impact. Howarth’s peer-reviewed paper, published in Energy Science and Engineering, claims that LNG has a 33% larger emissions footprint than coal over a 20-year period, challenging the oil and gas industry’s assertion that LNG is a cleaner alternative. Read More |
10.18.24- Ultra-deep fracking for limitless geothermal power is possible: EPFL The prospect of virtually unlimited clean geothermal power is now substantially brighter. EPFL’s Laboratory of Experimental Rock Mechanics (LEMR) has shown that the semi-plastic, gooey rock at supercritical depths can still be fractured to let water through. Read More |
Google goes nuclear in world-first small reactor agreement In what it calls "the world's first corporate agreement to purchase nuclear energy from multiple small modular reactors," Google has taken another step toward its goal of achieving net-zero emissions from its operational chain by 2030. In terms of developing cleaner, carbon-free energy, Google is certainly putting its money where its mouth is. Just last year the company switched on an advanced geothermal plant in Nevada that has already made impressive gains in developing its technology for using heat from beneath the Earth's surface to generate power. Read More |
10.15.24- Billionaire Robinhood Co-Founder Eyes Solar from Space
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10.11.24- Solar power project hits the rails with between-track panel pilot Even on busy rail networks, the gap between lines can spend much of its time doing little but face skyward, so why not put that space to good use? Swiss startup Sun-Ways is looking to do just that by installing solar panels in between railway tracks. Despite many household and business rooftops rocking solar panels, and dedicated "farms" also soaking up the Sun's energy, there's still huge potential for harvesting much more. Read More |
10.10.24- Declining North Sea Oil Patch Could Make Way For Geothermal Boom Oil and gas fields in Europe’s North Sea are in terminal decline. Last year, the oil basin produced 34 m tonnes of oil, its lowest since production in the North Sea was established in the 1970s. Scores of Big Oil companies have been pulling out of the aging oil basin, with production expected to continue shrinking despite the UK government recently issuing a raft of licenses since Russia’s invasion of Ukraine. Read More |
10.09.24- Nuclear Power Likely To Grow By Getting Smaller In the midst of growing demand for low-carbon base-load electricity, nuclear power is increasingly regarded as a clean, reliable option; but multi-year regulatory approval processes, a dearth of capital, and chronic cost overruns when constructing new plants have made utilities reluctant to build. For many in the nuclear power industry, one way to address these issues is to become smaller. Read More |
10.08.24- And Now, for Something Entirely Different: Traitors to America Should be |
10.07.24- Is Nuclear Power the Future of Green Energy for Big Tech? Following the news of the Three Mile Island restart plans to power Microsoft's AI data centers and the revival of Holtec's Palisades nuclear plant in Michigan, Google CEO Sundar Pichai revealed in an interview with Nikkei Asia in Tokyo on Thursday that the tech giant is exploring the use of nuclear energy as a potential 'green' source to power its data centers. Read More |
10.05.24- Will EU's EV Tariffs Ignite a Global Trade War? Bloomberg reports that EU member states have voted to slap tariffs of up to 45% on Chinese-made electric vehicles, ignoring warnings from some members that this dangerous move risks sparking an "economic cold war" with Beijing. The European Commission, the bloc's executive arm, recently concluded its anti-subsidy investigation into Chinese imports of battery electric vehicles. The findings supported the Commission's move to implement the duties, which would last for five years. Read More |
10.04.24- Oil Stocks To Watch As Middle East Conflict Intensifies Crude oil futures surged as much as 5% in Thursday’s intraday session after President Biden said his administration would support Israel striking Iran's oil facilities, adding that the option is being discussed. Brent crude for November delivery gained 4.8% to trade at $77.44 per barrel at 12.50 pm ET while WTI crude was changing hands at $73.65 per barrel after gaining 5.1%. Read More |
10.03.24- Robots are Making Nuclear Energy Safer and More Efficient Innovations in technology are helping boost safety in nuclear energy operations through the use of robots, which can decrease human exposure to operational hazards. Energy companies around the globe are integrating autonomous smart technologies into operations to improve health and safety, reduce costs, and enhance remote access. Robots have become widely used in both fossil fuels and renewable energy operations worldwide and now their role in nuclear energy projects is expanding. Nuclear companies are increasingly using robotics for decommissioning activities, as well as monitoring operations. The use of robots is expected to grow in the coming years thanks to continual technological innovations and a greater openness to modernisation through digitalisation. Read More |
10.02.24- U.S. Port Strike Could Trigger New Wave of Inflation More than 45,000 International Longshoremen's Association (ILA) members from over three dozen facilities across 14 Gulf and East Coast ports went on strike early Tuesday, marking the largest labor action at US ports in nearly 50 years. The labor action, driven by disputes over automation and wages in a new multi-year labor contract, threatens to disrupt supply chains nationwide. If the strike persists for more than a week, retailers could face shortages of certain goods (read: here), potentially sparking another wave of inflation. Read More |
10.01.24- 3 Stocks To Play The Nuclear Renaissance After decades of being treated as the black sheep of the energy universe, nuclear energy is enjoying a renaissance in the U.S. and other countries around the world thanks to the need for decarbonization and growing power demand. Indeed, the world is witnessing unprecedented electricity demand growth. Last year, power sector consulting firm Grid Strategies published a report titled “The Era of Flat Power Demand is Over,” which pointed out that United States grid planners--utilities and regional transmission operators (RTOs)--had nearly doubled growth projections in their five-year demand forecasts. For the first time in decades, demand for electricity in the U.S. is projected to grow by as much as 15% over the next decade driven by the Artificial Intelligence (AI), clean energy manufacturing, and cryptocurrencies boom. Read More |
09.30.24- eVinci nuclear microreactor moves towards commercialization Westinghouse Electric Company is advancing its revolutionary eVinci nuclear microreactor. Based on space nuclear technology, it boasts a tiny footprint, no moving parts, and can be swapped out for refueling, much like replacing a used gas bottle. In the wake of climate change concerns, nuclear energy is experiencing a resurgence. With its zero-emissions principle and ability to generate large amounts of power, it can address many of the challenges facing the energy sector. However, the nuclear industry must overcome issues related to safety (perceived or otherwise), availability, and cost, while also significantly speeding up the construction process, which traditionally takes years. Read More |
09.28.24- An Electric Investment! When I travel by air, which I do often, I usually choose a window seat. Looking out over the American landscape, I’ve noticed some changes in recent years. Among the forests, fields, farms, housing and office park developments, I see many solar panel arrays. But there’s something else as well, and a lot of it. I’m talking about data centers. They’re especially common in northern Virginia, outside D.C. Northern Virginia is home to 70% of the world’s data centers. Read More |
09.27.24- How China Could Win The Nuclear Fusion Race It’s been seven decades ever since scientists started working on nuclear fusion technology, with the allure of almost limitless clean energy proving too powerful to resist. The U.S. was among the world’s first countries to bet big on this futuristic gambit, working on fusion research in earnest since the early 1950s. China’s foray came much later. Read More |
09.26.24- Thermoelectric generator pulls energy from room temperature heat Scientists in Japan have developed a new organic device that can harvest energy from heat. Unlike other thermoelectric generators, this one works at room temperature without a heat gradient. Thermoelectric devices are designed to tap into a simple law of physics: heat energy moves from hotter regions to colder ones. In these devices, electrons move from the warmer surface to the cooler one, which produces an electric current. In theory, thermoelectric generators, materials and paints could produce electricitytemperature differences in engines, power plants, even body heat. Read More |
09.25.24- Coal's Resurgence Challenges Global Energy Transition Despite efforts to decarbonize the economy, global coal consumption surpassed 164 exajoules for the first time in 2023. The fossil fuel still accounts for 26% of the world’s total energy consumption. In this graphic, Visual Capitalist's Bruno Venditti shows global coal consumption by region from 1965 to 2023, based on data from the Energy Institute. Read More |
09.24.24- Three Mile Island Nuke to Reopen with Microsoft Contract On Friday (September 20th) Baltimore-based Constellation Energy and Microsoft jointly announced an agreement to reopen the shuttered 835 mw Three Mile Island Unit 1 nuclear plant located near Harrisburg, PA. Its more famous twin, unit 2, has been closed since its partial core meltdown in 1979–the single worst accident in US commercial nuclear operating history. Unit 2 is presently being decommissioned. Unit 1 was unscathed by the accident and continued operating until its 1999 closure for economic reasons. Read More |
09.23.24- U.S. Solar Energy Soars Despite Chinese Competition The U.S. is seeing record solar energy capacity growth each year, thanks to greater public and private investment in the sector. The already rapidly growing solar industry boomed following the introduction of the Inflation Reduction Act (IRA) and other favourable policies. This growth is expected to continue, with several large-scale solar farms in the pipeline for the coming decade, supported by the deployment of utility-scale battery storage across the country. The solar boom has supported growth in the U.S. manufacturing sector and led to the creation of thousands of jobs. However, competition with China and tariffs on renewable energy equipment has cast a shadow over the U.S. solar industry at a time when it should be untouchable. Read More |
09.21.24- Gazprom Accelerates Pipeline Gas Transports To China Russia is accelerating its natural gas exports to China through the Power of Siberia pipeline, aiming to hit maximum capacity by the end of 2024—a full year ahead of schedule.Gazprom, Russia's state-run energy giant, has agreed with China National Petroleum Corporation (CNPC) to boost December supplies, reaching the pipeline's designed capacity of 38 billion cubic meters (bcm) annually. Read More |
09.20.24- Glowing crystal-powered nuclear battery boasts 8,000x efficiency boost When you picture a sci-fi energy source, glowing green crystals are right up there. Scientists in China have now demonstrated just that, in the form of a “micronuclear battery” that can provide continuous low levels of power for decades. Read More |
09.19.24- Oil Net Short For First Time in History
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09.18.24- Sunlight turns CO2 and methane into valuable gases for fuel and industry Taking a leaf out of the book of plants, scientists have used a photosynthesis blueprint to harness the power of sunlight and turn two of the most destructive greenhouse gases into useful, prized chemicals that can be then used for the production of fuels and play a vital role in manufacturing. Researchers from McGill University have developed a novel process known as photo-driven oxygen-atom-grafting, which uses gold, palladium and gallium nitride as a catalyst to chemically transform carbon dioxide and methane into carbon monoxide and green methanol when exposed to sunlight. Read More |
09.17.24- Solar Pumps Poised to Revolutionize Global Water Access
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09.16.24- New grid battery packs record energy density into a shipping container China leads the world in terms of renewable energy resources like solar power. And not just by a small margin either, making over twice as much solar power as the next highest country, the USA. Where do you store any excess solar energy for use when the sun isn't shining? Answer: in ridiculously big batteries. Read More |
09.14.24- Next-Gen Nuclear Power: Oracle's Solution for Energy-Hungry AI Oracle chairman Larry Ellison announced this week that AI's growing electricity demand is pushing Oracle to consider next-gen nuclear power. During an earnings call, Ellison said the company is designing a data center that will need over a gigawatt of electricity, which would be supplied by three small nuclear reactors, according to CNBC. Read More |
09.13.24- Russia's Nuclear Ambitions in Central Asia Hoping to drum up some much-needed cash to help fuel the Kremlin’s war effort in Ukraine, Rosatom, Russia’s state-controlled nuclear entity, is hyping atomic energy as a “green” solution to Central Asia’s power problems. But Rosatom’s efforts to assuage Central Asian citizens on the safety and greenness of Russian nuclear solutions are undermined by reports of haphazard operational practices. Read More |
09.12.24- California Launches America’s First Hydrogen-Powered Passenger Train San Bernardino, a Southern California city, has unveiled the first-ever hydrogen-powered passenger train in the United States, an important milestone as California ramps up efforts to meet its 2045 carbon neutrality goals. Dubbed Zemu for Zero-Emission Multiple Unit, the $20 million train uses a hybrid hydrogen fuel cell and battery system to power the lightweight vehicle capable of ferrying 108-seated passengers on a 9-mile line known as the Arrow Corridor. San Bernardino is notorious for its poor air quality thanks to a high concentration of freeways, rail yards and industrial facilities. Read More |
09.11.24- Watch: Giant multibody wave energy converter flaps its way toward launch If you find yourself in the Australian port city of Albany and spot a humongous yellow machine bobbing in the waves of King George Sound, don't be alarmed. It's just a generator prototype making a case for renewable wave energy. Developed by the University of Western Australia's Marine Energy Research Australia knowledge hub, the device is called the Moored MultiMode Multibody (M4) Wave Energy Demonstration Project. Read More |
09.10.24- And Now, for Something Entirely Different: The Mediocrity Downspiral A walking tour of emergent institutional submergence How do whole agencies, companies, and cultures that were once high function succumb to mediocrity and then collapse into incompetence and nepotism? It seems like poison or like plan, but mostly, i suspect it’s not. it’s just self-assembling self-disassembly. Read More |
09.09.24- Motionless turbines deliver super-efficient wind energy to BMW's factory Houston-based Aeromine Technologies has fitted a bunch of silent and motionless wind energy harnessing airfoils on the roof of BMW's MINI manufacturing plant in Oxford, UK. They're meant to complement the factory's solar panels to produce clean energy, while taking up a lot less space. Read More |
09.07.24- Why Has the Green Hydrogen Hype Faded? Green hydrogen was the buzzword on everyone’s lips a couple of years ago, but the initial hype seems to have faded away as the industry takes time to build capacity and overcome production and transportation hurdles. Several countries have set out ambitious green hydrogen production aims for the coming decades, as they strive to decarbonise hard-to-abate industries. However, as governments and the private sector increase investments in green hydrogen, the sector is taking time to develop. Researchers are constantly looking at ways to reduce production costs, which are elevated at present, as well as overcome transport restrictions. While there are high hopes for the development of a global green hydrogen market, it could take a decade or more before we see greater production and use of the clean fuel. Read More |
09.06.24- Groundbreaking Study Confirms Human Emissions Have ‘Zero Impact’ on Climate Change Despite the endless barrage of propaganda by the mainstream media and global elites, it turns out that man-made fossil fuel emissions have “zero impact” on climate change. A groundbreaking new study challenges the belief that human emissions are the primary driver of increasing atmospheric carbon dioxide (CO2) concentrations. The research, published in the Science of Climate Change, concludes that sea surface temperatures (SST) play a far more significant role than anthropogenic (human-caused) factors in determining annual changes in atmospheric CO2 levels. Read More |
09.05.24- Global Solar Generation Overtakes Wind Power Global electricity generation from solar farms has exceeded power generation from wind farms since May, marking the longest stretch in history where solar has surpassed wind as the top utility-scale renewable power source. Solar electricity generation exceeded wind generation by 1.65 terawatt hours (TWh) in May and 9.57 TWh in June, energy think tank Ember has revealed. Power generation data for July and August is yet to come out; however, the two months are likely to see a continuation of this trend considering that July is usually the peak month for solar output across the northern hemisphere while August is usually the second highest solar generation month. Previously, solar power generation exceeded wind generation in August and June of 2023 but has never before strung together such a sustained stretch of higher generation. Read More |
09.04.24- World's first zinc-ion battery megafactory opens for business Sweden’s Enerpoly has flung open the doors to its zinc-ion battery megafactory in the north of Stockholm – making it the first manufacturing facility to use this battery technology at a large scale in the world. Dubbed the Enerpoly Production Innovation Center, the 70,000-sq-ft (6,500-sq-m) factory is designed to achieve a capacity throughput of 100 MWh annually. That’ll be in a couple of years though: while the company has begun commissioning already, it’s slated to reach full production capacity only in 2026. Read More |
09.03.24- Nuclear Fusion, a Perpetually Distant Dream, Moves Closer to Reality Generating nearly limitless, clean, carbon-free energy from nuclear fusion—a vision that seems to be perpetually out of reach—has taken major steps in the past several years toward becoming a reality. Read More |
09.02.24- Energy Majors Say Oil is Here to Stay While several international energy organisations and leading sectoral experts expect the global oil demand to begin decreasing by the end of the decade, some oil majors expect oil demand to remain high for decades to come. ExxonMobil and Aramco are just some of the companies that have said they will continue pumping crude in anticipation of the continued high demand for fossil fuels into the next decade and beyond. Read More |
08.31.24- Hydrogen stored in iron: A cheap, scalable grid battery for the winter While hydrogen's high energy per mass makes it an excellent fuel, it's awfully hard and expensive to store long-term. That could change, thanks to the work of researchers at Switzerland's ETH Zurich. They've worked out a way to store hydrogen in ordinary steel-walled containers for months without losing it into the atmosphere – using iron. Read More |
08.30.24- H2Starfire engine: A new and insanely efficient type of rotary Astron aerospace has shown a partial prototype of a new rotary combustion engine it claims runs at an extraordinary 60% thermal efficiency, burning totally clean with zero NOx emissions and nothing but fresh water out of the tailpipe. With internal combustion engines (ICE) on the way out and electric vehicles (EV) on the way in – both politically and environmentally – innovative ways of using renewable energy for clean transportation are at the forefront of many engineering minds. Read More |
08.29.24- World's first green ammonia plant is now open for business Three Danish energy tech firms have flung open the doors to the first ever green ammonia plant in the world, in the town of Ramme, Denmark. The plant is said to be capable of producing 5,000 tons of green ammonia per year, entirely from solar and wind energy. Topsoe reports that this effort will prevent 8,200 tons of carbon dioxide emissions annually. Read More |
08.28.24- Nuclear reactors a mile underground promise safe, cheap power Startup Deep Fission has come up with a new way to deal with the economic and safety problems of nuclear power that is, to say the least, novel. The idea is to build a reactor that's under 30 inches (76 cm) wide and stick it down a mile-deep (1.6-km) drill shaft. With its promise of limitless energy by breaking down matter itself, nuclear power has long held a utopian promise for humanity. However, economic and safety considerations, along with political opposition, have hindered its development – especially in the very countries that developed the technology. Read More |
08.27.24- Oil Prices Soar as Geopolitical Risk Rises Rapidly Oil prices spiked dramatically on Monday morning, with Brent breaking above $81 and WTIrising toward $77. While hopes of an interest rate cut had already boosted bullish sentiment in markets, it is geopolitics and supply risks that sent prices soaring on Monday morning. A combination of Israel launching strikes against Hezbollah in Lebanon, Russia launching a major missile and drone attack on Ukraine, and the Libyan government in Benghazi declaring force majeure on all oil facilities drove oil prices up dramatically. Read More |
08.26.24- Are We Headed for Another Great Depression?
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08.24.24- US Natural Gas Is America's Clean Energy Standard Abundant and affordable energy drives America’s powerful and productive economy. That’s been true throughout our nation’s history, and America’s recent achievement of energy independence provides the most concrete& illustratio of that fact. But to keep our nation firing on all eight cylinders, we need government policies that prioritize providing adequate, reliable and secure domestic energy supplies. Read More |
08.23.24- Global Offshore Wind Installations to Surpass 520 GW by 2040 Global offshore wind projects have faced significant headwinds due to recent inflationary pressures and supply chain disruptions, exemplified by postponed permitting processes, delayed auctions and slow supply chain build-ups. Despite these challenges, the sector staved off challenges in 2023, seeing a 7% increase in new capacity additions compared to the previous year. This momentum is expected to accelerate this year, with new capacity additions expected to grow by 9% to over 11 gigawatts (GW) by the end of the year. Rystad Energy expects this growth for the offshore wind sector to continue at a steady pace, and estimates that global installations, excluding mainland China, will exceed 520 GW by 2040. Read More |
08.22.24- Spaceship tech slashes energy usage of existing AC systems by 50% As we experience temperature extremes more often as a result of climate change, it predictably leads to an uptick in the use of air conditioning systems. This of course results in higher energy use, which, if it’s not coming from renewable sources, means more greenhouse gas emissions, and the vicious cycle continues. Although today’s AC units are more efficient than ever, they’re still a major drain on electrical grids, and updating to newer, more efficient units can be expensive – particularly for owners of large commercial systems. Helix Earth Technologies is looking to address this problem by repurposing a technology originally developed to filter air on spacecraft, which was developed by company CEO Rawand Rasheed and his team when he was at NASA. Read More |
08.21.24- A New Era for Nuclear Power The U.S. Palisades Power Plant could become the first nuclear plant to reopen in the U.S. after shutting down, potentially signaling a new era for U.S. nuclear power. As the U.S. government supports a new wave of nuclear reactor development, in support of a green transition, the reopening of existing plants could help the country develop its nuclear power capacity more rapidly. The Biden administration has provided financial support to several struggling nuclear plants to help them keep their doors open, and the Inflation Reduction Act (IRA) and other recent policies are encouraging the development of new nuclear operations. Pressure from the government to decarbonize the economy and financial incentives for companies pursuing green energy could also support alternative nuclear developments, such as the restoration and reopening of old reactors. Read More |
08.20.24- Big Oil Cashes In as Clean Fuel Startups Falter The Inflation Reduction Act of 2022-IRA was supposed to accelerate the transition from petroleum-based fuels to what the act termed “Cleaner Transportation Fuels.” The IRA provided billions of dollars in tax credits and direct subsidies to encourage private industry to move forward with the implementation of so-called “Cleaner”-(a catchall term including, liquid hydrogen, biodiesel, ethanol, and renewable natural gas-RNG), new fuels that would help the country meet climate goals. Read More |
08.19.24- The U.S. Is Quietly Building Several Renewable Energy Megaprojects After soaring during the global energy crisis triggered by the Covid pane3dmic and Russia’s war in Ukraine, the renewable energy sector has fallen back to earth, with high interest rates and a weaker global economy acting as headwinds for clean energy equities. The sector’s favorite benchmark, iShares Global Clean Energy ETF (NASDAQ:ICLN), is deeply in the red, with a -18.2% return in the year-to-date, compared to a 6.6% gain by its fossil-fuel equivalent, the Energy Select Sector SPDR Fund (NYSEARCA:XLE) and 12.1% return by the S&P 500. Thankfully, the clean energy revolution does not appear to be running out of steam. Read More |
08.17.24- The Rise of Geothermal Power Networks As governments rapidly search for ways to accelerate the shift away from fossil fuels to renewable alternatives, there could be huge potential for developing natural geothermal resources underground. Investing in networked geothermal power could provide abundant clean heating and electricity for millions of households and businesses worldwide. Although countries with abundant geothermal resources have been tapping into the natural power source for thousands of years, governments have only recently funded greater research into the use of advanced geothermal systems aimed at expanding the use of the energy source. Read More |
08.16.24- Samsung’s new silver solid-state batteries are poised to revolutionize EVs with an impressive 600-mile range, 9-min full charge, and 20-yr lifespan.
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08.14.24- Giant dual-rotor wind turbine takes to the seas The world's largest single-capacity floating wind platform has set to sea and the builder released images of the operation. Mingyang’s OceanX is set to travel 191 nm (220 miles, 354 km) over the next three days to its final offshore destination. When we first reported on Mingyang’s OceanX, it was already causing a bit of a stir thanks to its dual-rotor design. Now, it has launched from its building site at Guangzhou, China and is heading towards the Qingzhou IV Offshore Wind Farm in Yangjiang, Gangdong to showcase its remarkable technology. Read More |
08.13.24- How Mayonnaise Could Help Scientists Advance Nuclear Fusion Efforts
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08.12.24- Geopolitical Tensions Are Transforming the Rare Earth Market The rare earth market is undergoing a shift in geographical supply chain concentration, spurred by Western efforts to reduce reliance on China off the back of growing demand, focus on national security, and the strategic importance of the materials. Over the last decade, annual rare earth supply has tripled, setting global production records almost every year – from 142,000 tonnes in 2013 to 359,000 tonnes of rare earth oxide equivalents mined last year. Read More |
08.10.24- Can Nuclear Power Help Achieve Carbon Neutrality? Nuclear power is a controversial topic as it is seen by some as a key solution to achieving a carbon-neutral future, while others view it as a potential disaster waiting to happen. With the global population projected to reach 10bn by 2050, the demand for electricity is expected to double at the time when the world is looking to transition away from fossil fuels. This raises the question of how to power the future. Read More |
08.09.24- Gazprom Exports To Europe Via Ukraine Continue Despite Fighting Russian gas exports to Europe have continued despite reports of Ukrainian forces seizing a key gas metering station near the Russia-Ukraine border.
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08.08.24- Geothermal Market Poised for Accelerated Growth in Coming Years Geothermal energy is set to play a significant, albeit small role in the power mix of the future, building on its currently modest 0.3% share of the world’s power supply. As global economies ramp up their efforts to decarbonize, the importance of renewable baseload energy sources such as geothermal is expected to increase in the coming years. Installed geothermal power generation capacity currently stands at 16.8 gigawatts electric (GWe) worldwide, with almost 800 megawatts electric (MWe) expected to be added this year. This year’s growth, mainly stemming from project start-ups in Indonesia and New Zealand, is expected to bring in investments worth $6.9 billion – a record high in recent years. Read More |
08.07.24- Supercritical geothermal power: Limitless promise or impossible dream? Supercritical geothermal power holds the promise of meeting humanity's energy needs for millions of years, but how practical is it? A new analysis by Karthik Subramanian of Lux Research suggests that it may lie somewhere between improbable and impossible. At first glance, geothermal power seems like a brilliant energy source. It's clean, there's enough heat in the Earth to power civilization for any foreseeable future, and all you have to do is drill down to tap it.Read More |
Cheap heat-storing 'firebricks' projected to save industries trillions Transitioning to 100% renewable energy globally would be cheaper and simpler using firebricks, a form of thermal energy storage with roots in the Bronze Age, to produce most of the heat needed for industrial processes, according to a new Stanford study. Today’s industries require high temperatures for manufacturing, which are achieved largely by continuously burning coal, oil, fossil gas, or biomass. With much of the world focused on reducing emissions by transitioning away from fossil fuels to renewable sources like wind, solar, and hydro, the question is how to provide industries with on-demand continuous heat in a 100% renewable world. Read More |
Ivermectin is continuing to stun the scientific community as the “wonder drug” is being used to treat a growing list of various ailments in humans. During the pandemic, the corporate media and bureaucratic health officials attempted to smear ivermectin as a “horse dewormer” after it was found to be successful in treating Covid patients. Read More |
08.03.24- Can Nuclear Power Help Achieve Carbon Neutrality?
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08.02.24- U.S. Oil & Gas Jobs are Disappearing Despite Record Production U.S. oil production is breaking records, but employment numbers have dropped in five out of six months this year as operational efficiencies allow operators to continue to boost production with fewer rigs and workers, the Texas Oil & Gas Association (TXOGA) said last week in a cautionary note. Texas, home to the biggest shale basin, the Permian, has seen crude oil production grow this year, and the share of Texas of total U.S. production has further increased, according to data from the industry association. Read More |
08.01.24- Microwave technique recovers 87% of batteries' lithium in 15 minutes Lithium is a finite resource, and the more we lock inside rechargeable batteries, the less we have to use. A new speedy method to free the element from such sources could be a game changer in terms of the material's availability. Thanks to our modern day way of purchasing rechargeable everything – including cars – the demand for the lithium-ion batteries that power much of our consumer technology has been skyrocketing. Currently valued at approximately $65 billion, the market for lithium-ion batteries is expected to grow by 23% in the next eight years. Read More |
07.31.24- Peak Summer is Here Again, Busting All-Time Records that Were Never Actually Set
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07.30.24- World-first space-based energy grid outlined by Star Catcher Star Catcher Industries has secured US$12.25 million in seed funding for its ambitious plan to build the world’s first “space-based energy grid.” A network of satellites would gather energy from the Sun and beam it at higher concentrations to other satellites in orbit. Read More |
07.29.24- What Are America’s In the evolving global energy landscape, renewable sources are becoming increasingly cost effective. Even without subsidies, renewables are often the cheapest option available. This chart, created by Visual Capitalist's Selin Oguz and Ryan Bellafontaine, in partnership with the National Public Utilities Council, shows which electricity sources are the most and least expensive in 2024, using data by Lazard. Read More |
07.17.24- Seawater-slurping hydrogen reactor able to power a sub for 30 days MIT scientists have discovered an intriguing new way to produce hydrogen fuel, using just soda cans, seawater and coffee grounds. The team says the chemical reaction could be put to work powering engines or fuel cells in marine vehicles that suck in seawater. Hydrogen is an important player in the game for decarbonizing energy production – it’s clean-burning, energy-dense, and when used in fuel cells the only by-product is water. But one major hurdle is that it’s hard to store and transport, because the tiny molecules tend to leak right through containers and piping. Not only does that mean losses, but excess hydrogen can wreak havoc in the atmosphere. Read More |
07.26.24- Revolutionary grid-scale wave energy generator deployed in Hawaii Ocean Energy has deployed its 826-tonne wave energy converter buoy OE-35 at the US Navy's Wave Energy Test Site off the coast of the island of Oahu ahead of it being hooked up to Hawaii's electricity grid. Measuring 125 x 59 ft (38 x 18 m) with a draft of 31 ft (9 m), the OE-35 was already a familiar sight in Kaneohe Bay on the Windward side of Oahu. Fixed just north of M?kapu Peninsula, which is home to a US Marine Corps base that I became very familiar with years ago when its F-18 fighters used to go blasting over my anchored boat in the early morning. Read More |
07.25.24- Inside the High-Stakes Battle for The race is on to unlock a technology capable of creating scalable, commercial nuclear fusion. Nuclear fusion has been viewed as the elusive ‘holy grail’ of energy for a century now, always growing closer to reality, but always just out of reach. But now, advances in nuclear fusion experiments are increasing rapidly, and success is in sight. As such, deep-pocketed superpowers around the world are heavily investing in fusion research in a bif to become the first nation to harness the form of energy that powers our own sun, providing nearly limitless clean energy. Read More |
07.24.24- Offshore wind farm charges floating boats in world first In the Belgian North Sea, maintenance vessels are now able to tether to an automatic cable at a wind farm to get their batteries topped up. The innovative system is the first of its kind and a major step in keeping electric vessels as green as possible. Read More |
07.23.24- Massive 40-MW floating wind turbine array wins major tick of approval While the quest for pulling more megawatts from wind turbines has generally led to bigger and bigger rotors on turbines of conventional design – like this monster 22-MW number in China – Norway’s Wind Catching Systems (WCS) has taken a different path. It claims its mega-array of smaller rotors arranged in a grid would achieve up to 126 MW, or five times the energy of a 15-MW single-rotor turbine, in North Sea conditions – and even more in some other locations around the world. Read More |
07.22.24- China Has Just Gained First-Mover Advantage In Nuclear Fusion It’s been seven decades ever since scientists started working on nuclear fusion technology, with the allure of almost limitless clean energy proving too powerful to resist. Unfortunately, milestones have fallen time and again, giving rise to the running joke that a practical nuclear fusion power plant could be decades, if not centuries, away. Read More |
07.20.24- Africa Emerges As Focal Point In Global Oil & Gas Exploration The skewed activity is highlighted by explorers demarcating assets within their portfolios as ‘core’ areas of operations, with the majority of guided exploration spending being directed towards exploring these areas. Secondly, the acceleration of development of proven basins amid the rise of renewable sources of energy has been demonstrated by the recent flurry of activity within the Guyana Basin and Namibia’s sector of the Orange Basin. These basins have not only seen an increase in activity but have also in recent years contributed significantly towards global conventional discovered volumes, which have been declining. Additionally, the availability of vast resources within technically and financially challenging offshore areas has been exemplified by an increase in deepwater and ultra-deepwater activity and the announcement of standout discoveries from these areas. Read More |
07.19.24- Oil and Gas Are Here To Stay The energy transition is showing signs of losing momentum over the past few months. EV sales are slowing, wind and solar capacity additions are not expanding fast enough, and electricity is getting more instead of less expensive. With those signs, others have been flashing red, too. Despite the push against oil and gas, these are here to stay for the long haul—and demand won’t even decline that much after peaking, according to the latest energy outlook of BP. Read More |
07.18.24- "Smart soil" grows 138% bigger crops using 40% less water Watering and fertilizing crops to provide enough food for a changing world is a major challenge in agriculture. Now, scientists at the University of Texas at Austin have developed a “smart soil” that can keep plants better hydrated and provide a controlled release of nutrients. In tests it drastically improved crop growth while using far less water. It’s been estimated that around 70% of the world’s freshwater usage goes towards agriculture. |
07.17.24- Energy: The Foundation Of Modern Economies I am generally pessimistic about the future of the U.S. due to recent energy policies at the federal and state levels that favor "green" energy technologies, primarily solar and wind. These policies often distort the economics of power production, leading to a massive misallocation of capital and overinvestment in unreliable solar and wind projects. Reliable electricity supply requires consistency every second of the day, not just minute-by-minute, but also over weeks, months, and years. My past experience in forecasting electricity demand for a five-year horizon showed that wind and solar forecasts fail to meet this requirement. Read More |
07.16.24- The Offshore Wind Energy Scandal Is Even Worse Than You Think These 11 charts show how America’s biggest NGOs are colluding with foreign corporations that want to industrialize our oceans with thousands of turbines that will hurt whales and ratepayers Two of Europe’s biggest energy companies are abandoning the SS Offshore Wind. Read More |
07.15.24- Houston we Have a Problem Hurricane Beryl barreled through Houston last Monday leaving over three million electric utility customers without power in the sweltering summer heat. Hurricanes, despite appearing with increasing frequency and greater force, are still relatively infrequent in terms of devastating any given electric utility’s service area. There are things that management routinely prepares for and executes and there are unexpected severe weather events no matter how accurately forecasted. In the latter case, management can only respond. They can't retroactively “harden” their distribution system after the lines are down and the poles are lying in the street. Read More |
07.13.24- India Looks to Russia for Reliable Uranium Supply For the first time in five years, Indian Prime Minister Narendra Modi landed in Russia for a state visit on Monday, where he is holding talks with President Vladimir Putin to help re-energize relations between the two countries, with an eye on strategic deals. One item on the top of the agenda is Modi’s desire to finalize a long-term uranium supply deal with Russia, in a bid to secure a stable and reliable source of uranium for India's expanding nuclear power sector. Read More |
07.12.24- Has The Extreme Bear Market in Natural Gas Come to an End? In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. Read More |
07.11.24- The Nationwide 500,000 The word charade has several meanings, and including an act or event that is clearly false (Cambridge Dictionary), something done just for show (Vocabulary.com), or a situation in which people pretend that something is true when it clearly is not (Oxford Leaner’s Dictionary). The charade I refers to is President Biden’s $7.5 billion dollar investment to install 500,000 electric charging stations along America’s highways by 2030. A reliable and convenient public EV charging infrastructure is critical to achieve the President’s goal of meeting the recent EPA CO2 emission regulation that require nearly 72% of U.S. new light vehicle sales to be fully electric or plug-in hybrid by 2032. Read More |
07.10.24- Why U.S. Oil and Gas Production Is Slowing Down Slowing drilling activity in the U.S. shale patch is capping oil production growth while natural gas output is down from year-ago levels amid above-average inventories and unsustainably low prices earlier this year. Oil and gas prices have dropped since the highs from the summer of 2022 when they spiked following the Russian invasion of Ukraine. Read More |
07.09.24- Fusion energy companies unite to accelerate commercial power A recent ITER workshop bringing together almost 50 CEOs and senior scientists from private fusion startups suggests that combining the technologies from magnetic and laser fusion experiments could accelerate the development of practical fusion power. Though the field of fusion energy research is dominated by a few major efforts, there are today about 50 privately funded fusion startups in 12 countries that have garnered over US$5.6 billion in investments. Most of them claim that they will be able to achieve commercial fusion power by 2030. Read More |
07.08.24- And Now, for Something Entirely Different: The ATF Has Resumed Openly Murdering Americans Many people who know anything about the Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE, or ATF for short) will know they started off as a “harmless” tax collecting agency that eventually turned into a law enforcement agency in its own right. In other words, they evolved from a bunch of glorified robbers with mechanical calculators and spreadsheets into a gang of violent thugs with guns and badges. This transformation became obvious to the world in the famous Ruby Ridge (1992) and Waco (1993) incidents, both having had heavy ATF involvement and with the latter event culminating in an open massacre of the Branch Davidians that included women and children. Read More |
07.06.24- Why U.S. Oil and Gas Production Is Slowing Down Slowing drilling activity in the U.S. shale patch is capping oil production growth while natural gas output is down from year-ago levels amid above-average inventories and unsustainably low prices earlier this year. Oil and gas prices have dropped since the highs from the summer of 2022 when they spiked following the Russian invasion of Ukraine. Read More |
07.05.24- Beryl May Threathen Core of U.S. Refining Industry The National Oceanic and Atmospheric Administration's (NOAA) National Hurricane Center (NHC) downgraded Hurricane Beryl to a Category 4 storm from a Category 5 on the Saffir-Simpson Hurricane Wind Scale on Wednesday morning. Beryl is the earliest hurricane on record to strengthen into a Category 5 as it churns across the southeastern Caribbean Sea. It is forecasted to hit the Yucatán Peninsula on Friday and afterward poses a threat to US oil and energy critical infrastructure on the Gulf Coast. Read More |
07.04.24- World's biggest geothermal power purchase agreement now in the bag Just a year ago, Fervo Energy successfully demonstrated the effectiveness of its horizontally oriented geothermal system. Now the company has landed a massive contract for providing its clean, virtually endless power to the California grid. It's only been one year since Fervo Energy unveiled a novel concept in geothermal energy harvesting at its Project Red pilot plant in Nevada. Instead of drilling vertical bores that deliver water into the hot rocks lying beneath the Earth's surface, it used techniques from the oil and gas industry to break up rocks, drive water through them horizontally, and collect the resultant steam to drive turbines at the surface. Read More |
07.03.24- Offshore wind turbine platform pivots downwind like a weathervane A new offshore wind farm system that promises faster, cheaper installation and operations will be tested in the Mediterranean. Called the NextFloat+ Project, it received a €13.4-million (US$14.4-million) grant from the European Commission. Setting up wind farms at sea seems like a logical idea. Sea breezes tend to blow regularly and open water provides a more predictable and dependable wind pattern than on land. Plus you don't have to worry so much about compulsory purchase of the building site. Read More |
07.02.24- Transatlantic Energy Highway: Is a Global Power Grid on the Horizon? There are a great number of challenges standing between the current global energy landscape and decarbonization. Even though the installation of renewable energy production capacity is picking up speed, experts say that the growth rate is insufficient to achieve the goals set forth by the Paris Climate Agreement. However, in some places, the amount of renewable energy currently being produced is already too much for the grid to handle in some locations, with prices even going negative when supply and demand are severely mismatched. Read More |
07.01.24- U.S. Oil, Gas Drilling Activity Plummets The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 7 to 581 this week, compared to 674 rigs this same time last year. The number of oil rigs fell by 6 this week, after falling by 3 in the week prior. Oil rigs now stand at 479—down by 66 compared to this time last year. The number of gas rigs fell by 1 this week to 97, a loss of 27 active gas rigs from this time last year. Miscellaneous stayed the same at 5. Read More |
06.29.24- Fast-charging sodium-ion battery uses anodes made from trees A month after Natron Energy began its first-of-kind sodium-ion battery mass production, Swedish sodium-ion developer Altris has identified a means of making the lithium-free batteries even more sustainable. Together with partner Stora Enso, it's adapting tree pulp-sourced carbon toward use as an anode material. A byproduct of wood pulp manufacturing, lignin has long been investigated for possible use as a more sustainable electrode material. Finnish renewable materials company Stora Enso made headlines in 2022 when it partnered up with Swedish battery manufacturer Northvolt toward using its proprietary Lignode material in lithium-ion battery anodes. Stora Enso describes Lignode as a hard carbon material refined from lignin. Read More |
06.28.24- Is This The World's Very Last In late March, the president of Guyana, Irfaan Ali, lectured—in his own words—the BBC's Stephen Sackur, who tried to suggest during an interview that Guyana would do better to think about protecting its environment than developing its oil resources. Ali's lecture went viral as he slammed Sackur and the West for benefiting from the advantages of oil and gas for decades and now having the hypocrisy of trying to lecture poorer countries about their own plans for using oil and gas to their advantage. Guyana's oil wealth is also, in a sense, going viral. Read More |
06.27.24- Renewable Energy Growth Fails To Offset Fossil Fuel Dominance At a time when the peak of "green" virtue signaling has come and gone, we regret to inform you that all that jawboning and posturing has achieved... absolutely nothing because according to the Statistical Review of World Energy report released on Thursday, global fossil fuel consumption and energy emissions hit all-time highs in 2023 (even as fossil fuels' share of the global energy mix decreased slightly on the year). Read More |
06.26.24- U.S. Remains The World’s Most Attractive Renewables Market The United States kept its number one spot on EY’s Renewable Energy Country Attractiveness Index in the latest ranking of the world’s top markets on the attractiveness of their renewable energy investment and deployment opportunities. EY’s Renewable Energy Country Attractiveness Index (RECAI) has ranked the top 40 markets to reflect its assessments of market attractiveness and global market trends. Read More |
06.25.24- Citi Forecasts Oil Price Drop Citi predicts that oil prices will plummet to the $60s range by 2025 as inventories build following a tight market this summer, signaling a bearish outlook despite current robust demand and higher prices. Oil has recouped the losses from early June when the OPEC+ group's indication that it could begin returning some supply to the market in the fourth quarter sent bearish signals across the market. Read More |
06.24.24- Is Big Solar Beating Big Oil in 2024? Some of the world’s biggest and oldest oil & gas companies aka Big Oil are credited with powering the Second Industrial Revolution that kicked off in the late 19th century and ushered in the modern tech era as we know it. Oil accelerated industrial production and reshaped networks by allowing faster transportation thanks to being cheaper and packing a much higher energy density than other fuels. However, solar energy could become the primary power source of the Fourth Industrial Revolution, thanks to its simplicity, longevity, low cost, and overall efficiency. Indeed, Bloomberg has revealed that the seven largest solar companies--all located in China--already are supplying more energy to the world than the seven biggest fossil fuel producers. Read More |
06.22.24- Green hydrogen breakthrough swaps in water for iridium Hydrogen holds the most promise when it is produced via green methods Hydrogen shows a lot of promise as a powerful, clean fuel source – as long as the process that creates it is also green. A new report shows how tough it might be to get to truly green hydrogen, while a new study removes a barrier to its creation. Read More |
06.15.24- Canada Poised to Reclaim Top Spot as World's Largest Uranium Producer Canada was the world's top uranium producer for years until Kazakhstan dethroned it in 2009. Fast forward to 2022, and Canada held the second spot, pumping out 15% of the global supply. By 2023, Canada became the top uranium supplier to the US, delivering 27% of total deliveries. With uranium prices soaring in the last several years, primarily because of the 'Next AI Trade' theme (laid out for pro subs), Canada's uranium mining boom could lead it to reclaim the top spot. A new report from Bloomberg highlights that Canada's Saskatchewan province is the epicenter of the country's uranium mining boom:Read More |
06.14.24- OPEC Slams IEA For "Dangerous" Forecast Of Peak Oil Demand By 2030 Peak oil demand is not on the horizon, OPEC Secretary General Haitham Al Ghais said on Thursday, blasting the International Energy Agency’s prediction that global oil demand will peak before 2030. Some net-zero scenarios suggest that oil should not be part of a sustainable energy future, Read More |
06.13.24- U.S. LNG Shipped to Asia Is Still The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipped over long distances, according to new research from Rystad Energy. Natural gas that is produced and liquified in the US and shipped to Asia on return journeys of about 23,000 miles could emit up to 50% less than even the cleanest coal power plants. However, there are significant variations between US LNG sources, coal sources and types, and power plants, as well as uncertainties regarding methane emissions through both value chains. Read More |
06.12.24- The Hydropower Industry Is Facing an Existential Threat Clean hydropower is produced in several parts of the world with around 60 percent coming from China, Brazil, the United States, Canada, Russia, India, Norway, Venezuela, Sweden, and Japan. Now, more countries want to exploit their hydropower potential as governments worldwide push for a green transition. However, the industry faces a multitude of challenges, mainly associated with climate change. Recent periods of drought in several countries around the globe have driven down hydropower production rates and threaten future output. Read More |
06.11.24- Mesmerizing vertical turbine wall to enter customer trials this year Since revealing a concept for an energy generating wall back in 2021, designer Joe Doucet has been working on bringing the idea to life. That time is here with the launch of Airiva, a modular rotary wind turbine wall destined for installation on city buildings and infrastructure. The idea in 2021 was to build a mesmerizing wall of 25 vertical-axis turbines, each connected to a generator for a total peak power output of 10 kilowatts. Read More |
06.10.24- Scientists Inch Closer to the Holy Grail of Clean Energy After several decades of failed attempts, scientists believe they are finally edging closer to achieving nuclear fusion at the scale needed to produce abundant clean energy. Several successful tests in recent years have made energy experts optimistic about the future of nuclear fusion, although some believe we are still a long way off achieving commercial-scale fusion. Nevertheless, the achievements seen at the Lawrence Livermore National Laboratory in the U.S. and other labs around the globe have encouraged companies to invest heavily in the sector. Read More |
06.08.24- HotTwist water-based thermal system cuts heating bills by 75% Water can hold a huge amount of thermal energy, and a new system to tap into this resource is being trialed in Scotland. A startup called SeaWarm uses heat stored in bodies of water for buildings, pulling four times more heat out than electricity used. Simply put, heat pumps are designed to take thermal energy (heat) from one medium and give it to another. Your fridge, for instance, takes heat from the air inside and pumps it outside, cooling the interior. An air conditioner works in a similar way, cooling the inside of your house (or heating it in winter). Read More |
06.07.24- So-Called “Green Economy” International Man: Politicians, the media, and large corporations promote solar and wind energy as replacements for fossil fuels. Western governments are trying to pick winners and are subsidizing wind and solar energy to the tune of billions. What’s going on here? Doug Casey: Solar and wind energy can be useful. But generally only for special applications or remote locations where regular power is uneconomic or unavailable. Read More |
06.06.24- China's Abundant Solar and Wind Resources Drive Green Hydrogen Projects Mainland China's national plan identifies hydrogen as a key element in its low-carbon energy transition strategy. The nation is committed to using hydrogen for decarbonization, with Rystad Energy projecting the installation of approximately 2.5 gigawatts (GW) of hydrogen electrolyzer capacity by the end of the year. This capacity is expected to produce 220,000 tonnes per annum (tpa) of green hydrogen, 6-kilotonnes-per-annum (ktpa) more than the rest of the world combined. Under its national plan, China is targeting green hydrogen production of 200,000 tpa by the end of 2025, but our analysis shows it will exceed that volume by the end of this year. Read More |
06.05.24- Occidental Joins Berkshire In New Lithium JV Occidental Petroleum has entered into a joint venture with Berkshire Hathaway’s BHE Renewables in a tie-up to extract and produce lithium compounds, Occidental said in a news release on Tuesday. The merger isn’t out of left field. Occidental’s wholly-owned subsidiary TerraLithium has patented DLE technologies that can process any lithium-containing brine “into a responsibly sourced supply of high-purity lithium,” Oxy said. As for BHE, it operates 10 geothermal power plants in California that process 50,000 gallons of lithium-rich bring every minute, producing 345 MW of “clean energy”. Read More |
06.04.24- 3 Reasons There’s Something Sinister With the Big Push for Electric Vehicles That’s how much the additional electricity consumption per household would be if the average US home adopted electric vehicles (EVs). Congressman Thomas Massie—an electrical engineer—revealed this information while discussing with Pete Buttigieg, the Secretary of Transportation, President Biden’s plan to have 50% of cars sold in the US be electric by 2030. Read More |
06.03.24- Global Investment Surges in Green Ammonia Research and Development
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06.01.24- Small modular nuclear reactors get a reality check in new report
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05.31.24- World's Largest Nuclear Plant Remains Idle Despite Energy Crisis We don't think it'll be long before nuclear power once again has a renaissance, as we've written about extensively. But for now, the world's largest nuclear power plant, the Kashiwazaki Kariwa Nuclear Power Plant in Japan, is sitting idle even as the world's energy needs continue to grow. Bloomberg reported this week that the Kashiwazaki Kariwa Nuclear Power Plant, recognized by Guinness World Records for its potential 8.2 gigawatt output, stands idle despite being central to Japan's goal of deriving 50% of its energy from nuclear power by 2030. Read More |
05.30.25- White House Embraces Nuclear, Makes Biggest Push In Five Decades The Biden administration is finally taking significant steps to revitalize America's nuclear power industry, a move likely to upset radical leftist environmentalists funded by shady non-governmental organizations. The administration recognizes that nuclear power is critical to reaching 100% reliable carbon pollution-free electricity by 2035 rather than relying solely on unreliable solar and wind energy sources for the power grid (after all, AI data centers need reliable power). This nuclear renaissance has been a ZH theme for several years. Read More |
05.29.24- Solar Power Set to Soar Renewables capacity in the Middle East is set to soar in the coming years, with green energy sources outpacing fossil fuel usage in the power sector by 2040, according to Rystad Energy's latest research. Solar photovoltaic (PV) is expected to emerge as the predominant source, accounting for more than half of the region’s power supply by the middle of the century, up from 2% last year. By 2050, renewable energy sources, including hydro in addition to solar and wind, are expected to constitute a staggering 70% of the Middle East's power generation mix. This marks a monumental leap from the mere 5% recorded at the end of 2023, signaling a transformative shift in the region's energy landscape. Despite the coming surge of clean energy installations, the region will continue to rely heavily on natural gas in the short term, and usage will continue to grow until it peaks around 2030. Read More |
05.28.24- U.S. Remains Painfully Dependent on China for Silicon and Solar Panels The Renewables MMI (Monthly Metals Index) continued its slight downward trend month-on-month, dropping by 3.8%. Two large components of the index, silicon and cobalt prices, continue to experience drops due to lingering renewable energy supply bottlenecks from 2023. This, along with falling grain-oriented electrical steel prices, brought the index down Silicon for Solar Panels: A Geopolitical Imbalance? Read More |
05.27.24- Thermal power cell harvests electricity from heat at record efficiency A new heat-to-energy converter has reached a record efficiency of 44% – the average steam turbine manages about 35%, for comparison. This thermophotovoltaic cell is a major step on the way to sustainable, grid-scale renewable energy storage. With renewable energy prices dropping fast, the barrier now is their intermittency – the first point any renewable energy skeptic will throw at you is “but what happens at night or when the wind isn’t blowing?” A little thing called “batteries” can help there, and there’s no shortage of grid-scale storage systems that can save energy for (literally) rainy days. That includes scaling up classics like lithium-ion batteries, or more experimental designs like iron-air, water-in-salt, flow batteries, or a variety of gravity-based systems. Read More |
05.25-24- Copper prices to quadruple on surging green demand, legendary oil trader Pierre Andurand says Hedge fund manager Pierre Andurand, one of the world's best-known commodity traders, thinks the copper price rally has much farther to run and could nearly quadruple to $40K/metric ton in the next few years, as supply struggles to keep up with surging demand. Read More |
05.23.24- China’s Rapid Nuclear Expansion Is Threatening U.S. Dominance in the Sector China’s runaway nuclear energy expansion has competitors biting their fingernails. As nuclear energy regains traction around the world as a promising baseload power source for a decarbonized future, it’s also become more and more of a geopolitical battleground. As countries scramble to keep a strategic foothold in a rapidly changing energy landscape, becoming a nuclear energy powerhouse is suddenly important for world superpowers. And China seems to be winning this race. Read More |
05.23.24- China’s Rapid Nuclear Expansion Is Threatening U.S. Dominance in the Sector China’s runaway nuclear energy expansion has competitors biting their fingernails. As nuclear energy regains traction around the world as a promising baseload power source for a decarbonized future, it’s also become more and more of a geopolitical battleground. As countries scramble to keep a strategic foothold in a rapidly changing energy landscape, becoming a nuclear energy powerhouse is suddenly important for world superpowers. And China seems to be winning this race. Read More |
05.22.24- A Promising Solution to Boosting Ethanol Production Osaka Metropolitan University researchers have found that persimmon tannin, known for its antioxidant properties, improves the growth of yeast in the presence of ethanol. It’s a case of naturally derived antioxidants improving growth of yeast strain in presence of ethanol. The findings have been published in the Journal of the Science of Food and Agriculture. Read More |
05.21.24- What is residential energy storage and how does it work? Home energy storage consists of a battery that allows you to store surplus electricity for later consumption, and when combined with solar power generated by your photovoltaic system, the batteries allow you to store energy generated during the day for use around the clock. Since battery energy storage systems are capable of optimizing the use of electricity, they ensure the most effective operation of your home solar power system. At the same time, they also guarantee continuity in case of temporary disruptions in the power supply, with extremely low response times. Home energy storage further supports energy self-consumption: the surplus energy produced during the daytime from a renewable source can be stored locally to use at a later time, thus reducing the degree of dependency on the electricity grid. Read More |
05.20.24- Russia Discovers Massive Oil and Gas Reserves in British Antarctic Territory Russia has found huge oil and gas reserves in British Antarctic territory, potentially leading to drilling in the protected region. The reserves uncovered contain around 511bn barrels worth of oil, equating to around 10 times the North Sea’s output over the last 50 years. Read More |
05.18.24- Oil, Gas Activity in U.S. Holds Steady The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count rose by 1 to 604 this week, compared to 720 rigs this same time last year. Read More |
05.16.24- 40% of US lithium needs could come from unlikely source in Pennsylvania Runoff from fracking operations is not usually considered a good thing, but a new finding reveals it could be a source of a very valuable metal Thanks to the increase of electric vehicles and other battery-using technologies, the demand for lithium is expected to skyrocket in the coming years. One odd but potent source of the metal is a Pennsylvania wastewater stream, says a new study. Read More |
05.15.24- Machine Learning Could Make Geothermal Energy More Affordable As governments and private companies pump funds into research and development, aiming to achieve the innovation needed to advance renewable energy operations, we are seeing greater progress in the global green transition. With major advances in artificial intelligence (AI) and other digital offerings in recent years, some energy experts believe that this technology can now be used to enhance energy production, boosting the potential of the world’s geothermal energy output. Read More |
05.14.24- Volcanic ash: The cheapest battery for solar energy storage It's rarely great news when an area gets blanketed in volcanic ash – but University of Barcelona researchers have discovered it has a rare combination of useful properties, which make it remarkably useful as an energy storage medium. We've written a number of times about super-cheap thermal energy storage, and a number of other times about highly efficient heat batteries operating at super-high temperatures. The cheapest of these 'brick toasters' use the most abundant of materials, and the most efficient can handle extraordinarily high temperatures using materials like liquid tin and carbon materials – but volcanic ash, as it turns out, might offer a kind of goldilocks proposition in the middle for certain applications. Read More |
05.13.24- World's highest-efficiency hydrogen system scales up for mass production Hysata claims its capillary-feed electrolyzer is the world's most efficient, using some 20% less energy to produce hydrogen while also being cheaper to install and maintain Hysata promises the world's cheapest hydrogen, thanks to a remarkable device that splits water into H2 and O2 at 95% efficiency – some 20% higher than the best conventional electrolyzers. The company has raised US$111 million to scale up production. Read More |
05.11.24- Nuclear Energy: The New Geopolitical Battleground While the west has had a considerable amount of success imposing energy sanctions on Russia in response to the ongoing war in Ukraine, Russian nuclear sector exports have proven harder to kick. But now, as more western nations get serious about cutting Russia out of their nuclear energy supply chains, they are pushing more and more economic and geopolitical power into the hands of China. Read More |
05.10.24- China Controls 80% of World's Solar Panel Supply Chain In 2023, solar energy accounted for three-quarters of renewable capacity additions worldwide. Most of this growth occurred in Asia, the EU, and the U.S., continuing a trend observed over the past decade. In this graphic, Visual Capitalist's Bruno Venditti illustrates the rise in installed solar photovoltaic (PV) capacity in China, the EU, and the U.S. between 2010 and 2022, measured in gigawatts (GW). Bruegel compiled the data... Read More |
05.09.24- Argentina To Mine Bitcoin With Stranded Gas An Argentinian energy company has partnered to launch a gas flare-powered Bitcoin mining facility, using stranded gas to mitigate emissions. Argentina's energy sector is increasingly turning to Bitcoin, this time with a state-owned facility using stranded natural gas from oil fields that would otherwise be wasted. Read More |
05.08.24- Drilling into magma: Risky plan takes geothermal to supercritical extremes The Krafla Magma Testbed will attempt to harness the power of magma beneath the Earth's surface to generate more efficient geothermal energy The Krafla Magma Testbed (KMT) "has the potential to be for geoscientists what the Large Hadron Collider has been for particle physicists." So say researchers working on the project to drill straight into a magma chamber to explore massive geothermal power. Read More |
05.06.24- Sea-bed 'air batteries' offer cheaper long-term energy storage BaroMar says its undersea compressed energy storage system creates an air battery cheaper than any other for long-duration storage Israeli company BaroMar is preparing to test a clever new angle on grid-level energy storage, which it says will be the cheapest way to stabilize renewable grids over longer time scales. This innovative system lets water do the work. Read More |
05.04.24- "I've Been Totally Ghosted": After Install, Solar Panels Become The green new deal and switch to "alternative' energy looks like it's going exactly as planned: costing the taxpayer trillions of dollars and generally pissing everybody off. That was the case with a number of solar panel owners who are now finding it difficult to get their panels serviced, according to WBAL TV. Solar panel installation is touted as offering benefits like reduced energy costs, environmental friendliness, and significant rebates. However, many homeowners have discovered a concerning issue within the industry: addressing technical problems can be exceedingly challenging -- if not outright impossible. Read More |
05.03.24- Lithium-free sodium batteries exit the lab and enter US production Blue has become Natron Energy's signature color owing to the patented Prussian Blue electrons it uses for the fast, frequent transfer of sodium ions that underpin its claims of 10 times lithium-ion's cycling speeds and a 50,000-cycle lifespan Two years ago, sodium-ion battery pioneer Natron Energy was busy preparing its specially formulated sodium batteries for mass production. The company slipped a little past its 2023 kickoff plans, but it didn't fall too far behind as far as mass battery production goes. It officially commenced production of its rapid-charging, long-life lithium-free sodium batteries this week, bringing to market an intriguing new alternative in the energy storage game. Read More |
05.02.24- The Stage Is Set for a Resurgence of Nuclear Power in the U.S. The United States is about to experience a resurgence in nuclear energy. The federal government is expected to continue restarting shuttered nuclear power plants in the coming years to meet the increasing demand for clean, dependable energy essential for powering the economy of tomorrow. "There are a couple of nuclear power plants that we probably should, and can, turn back on," Jigar Shah, director of the US Energy Department's Loan Programs Office, told Bloomberg in an interview. Read More |
A truck carries containers with low-enriched uranium to be used as fuel for nuclear reactors, at a port in St. Petersburg, Russia > With shares of CCJ tumbling earlier today after the company reported soggy Q1 earnings, despite its recent initiating coverage report by an enthusiastic Goldman Sachs which sees the Uranium company at the forefront of the "Next AI trade" and slapped it with a $55 price target (as we reported previously), the uranium trade suddenly found itself in need of a miracle. Read More |
03.18.24- The U.S. Is Betting Big on Small Nuclear Reactors The U.S. is set to accelerate the rollout of new nuclear power plants and reactors following the passing of new legislation this month. This follows a movement away from nuclear power for several decades due to the poor political and public perception of nuclear power due to several notable nuclear disasters. Now, in line with plans for a green transition, the U.S. is once again turning to nuclear power to provide abundant low-carbon energy and help decarbonize its economy. Read More |
03.16.24- U.S. Uranium Producers Reviving Abandoned Mines Amid Supply Squeeze As the AI craze continues to hog the limelight, another asset class has been enjoying a similar boom, albeit under the radar. Over the past couple of years, uranium and shares in companies that mine it have gone on a tear amid a spike in demand and looming shortages. After being ostracized for decades as the black sheep of the alternative energy industry, nuclear energy is back in fashion as the global energy and climate crisis are forcing policymakers to return to the drawing board.Last year’s COP28 held in the United Arab Emirates made history as the first ever climate summit to back nuclear energy among low-emissions technologies. Read More |
03.15.24- Elon Musk: AI will run out of electricity and transformers in 2025 "I've never seen any technology advance faster than this." The chip shortage may be behind us, but AI and EVs are expanding at such a rapacious rate that the world will face supply crunches in electricity and transformers next year, says Elon Musk. In a dial-in Q&A to close the Bosch Connected World conference, the recent Nobel Peace Prize nominee spoke about self-driving cars and humanoid robots, and hinted at what's coming next from Tesla in electric vehicles – but he clearly wanted to send the clearest possible signal to industry as well: Get going on clean energy generation, and make as many electrical transformers as you can. Read More |
03.14.24- Can Nuclear Power “Decarbonize” the Oil and Gas Industry? Governments and private companies worldwide have been exploring the idea of reducing emissions from oil operations by using nuclear energy. There is increasing pressure for oil and gas firms to reduce their greenhouse gas emissions to support a global green transition and reduce the effects of climate change on the environment, yet this can be extremely difficult to achieve. Much of the focus has been on retroactive carbon-capture operations, using carbon capture and storage (CCS) technology. Many environmentalists believe that the retroactive approach does not make a meaningful change and that fossil fuel companies must reduce their production rates, as well as decarbonise operations at the source. In response, companies worldwide are exploring the potential for nuclear energy to power operations to reduce the emissions created during production and processing activities. Read More |
03.13.24- IEA, OPEC Divergence on Oil Demand Becomes Too Big To Ignore Ever since the International Energy Agency switched from a pure-play information provider to an advocate of the energy transition, its forecasts about oil demand have shifted to increasingly reflect this advocacy. This has led to a growing divergence between the IEA's and OPEC's outlooks on the future of the commodity, increasing the risk of confusion among analysts and investors. The question "Who's right?" has become a legitimate one. Read More |
03.12.24- Giant 'sand battery' holds A new industrial-scale 'sand battery' has been announced for Finland, which packs 1 MW of power and a capacity of up to 100 MWh of thermal energy for use during those cold polar winters. The new battery will be about 10 times bigger than a pilot plantthat’s been running since 2022. The sand battery, developed by Polar Night Energy, is a clever concept. Basically, it’s a big steel silo of sand (or a similar solid material) that’s warmed up through a heat exchanger buried in the center, using excess electricity from the grid – say, that generated during a spike from renewable sources, when it’s cheap. Read More |
03.11.24- New Lithium Ion Conductor Redefines Solid-State Battery Design University of Liverpool researchers have discovered a solid electrolyte material that rapidly conducts lithium ions. The discovery of new Li ion conductor unlocks a new direction for sustainable batteries. The discovery is discussed in a paper published in the journal Science. Read More |
03.09.24- China’s Rare Earth |
03.08.24- Texas Wildfires Underscore Increasing Risk for Utilities Warren Buffett fretted, in his annual report, that wildfires threatened his electric utility investments. He specifically cited the stock price carnage experienced by two US utilities, Pacific Gas & Electric and Hawaiian Electric, as the basis for his concern. Barely a week later, the Smokehouse fire in the Texas Panhandle has burned over a million acres of brush and timber in the heart of cattle country. This time it is Minneapolis-based Xcel Energy and its utility subsidiary, Southwestern Public Service that is at risk. The company filed an 8-k with the US Securities and Exchange Commission on February 29 stating that a lawsuit had been filed in Texas blaming the utility's inadequate pole maintenance practices as being the cause of the wildfires. Shares of Xcel Energy have declined about 20% in response thus far. Read More |
03.07.24- Cutting-Edge AI Identifies New Catalysts for Hydrogen Electrolysis A National Institute for Materials Science, Japan research team has developed an AI technique capable of expediting the identification of materials with desirable characteristics. Using this technique, the team was able to discover high-performance water electrolyzer electrode materials free of platinum-group elements – substances previously thought to be indispensable in water electrolysis. These materials may be used to reduce the cost of large-scale production of green hydrogen – a next-generation energy source. Read More |
03.05.24- Startups and Big Oil Use Fracking Tech To Unlock Geothermal Energy Big Oil is using its deep pockets and expertise in well geology to back and partner with energy startups that are looking to unlock renewable energy from beneath the earth’s surface. Geothermal energy, which has been around for decades, has received new momentum with the net-zero targets of many economies, including the United States. Read More |
03.04.24- Solar Stocks Rally on Optimistic Guidance The solar sector has snapped from a months-long selloff after the largest U.S. solar module manufacturer, First Solar Inc. (NASDAQ:FSLR), beat Wall Street’s earnings estimate and also issued robust 2024 guidance. First Solar reported Q4 2023 GAAP EPS of $3.25, $0.13 above the Wall Street consensus while revenue of $1.16B was good for a healthy 16.0% Y/Y growth despite missing the consensus by $160M. Fourth-quarter earnings swung to a profit of $349M from a loss of $7.5M in the year-earlier quarter. First Solar finished the year with net bookings of 28.3 GW at a base ASP of 31.8 c/w and net cash balance of $1.6 billion. Read More |
03.02.24- Seawater plant will capture 10 tons of CO2 and make 300 kg of H2 per day After successful pilot programs, UCLA has partnered with Singapore’s national water agency and others to build the world’s largest ocean-based carbon dioxide removal plant capable of removing 3,650 metric tons (8,046,873 lb) of the greenhouse gas per year while producing 105 metric tons (231,000 lb) of carbon-negative hydrogen. According to the World Bank, average global carbon dioxide (CO2) emissions in 2020 were 4.3 metric tons (9,500 lb) per capita. With this figure in mind, researchers from the UCLA Samueli School of Engineering have been working to trap atmospheric CO2 from the oceans in an effort to reduce it. Read More |
03.01.24- Elon Musk: AI will run out of electricity and transformers in 2025 "I've never seen any technology advance faster than this." The chip shortage may be behind us, but AI and EVs are expanding at such a rapacious rate that the world will face supply crunches in electricity and transformers next year, says Elon Musk. In a dial-in Q&A to close the Bosch Connected World conference, the recent Nobel Peace Prize nominee spoke about self-driving cars and humanoid robots, and hinted at what's coming next from Tesla in electric vehicles – but he clearly wanted to send the clearest possible signal to industry as well: Get going on clean energy generation, and make as many electrical transformers as you can. Read More |
02.29.24- This Might Be The Fastest Way to Double U.S. Grid Capacity The Biden administration has set an ambitious target to generate 80% of the United States’ electricity from renewables by 2030 and 100% carbon-free electricity by 2035. However, the country’s aging infrastructure is already struggling to keep pace with the rapid growth of renewable energy, with experts saying a massive grid overhaul is required to make intermittent generation possible. Read More |
02.28.24- Europe Set for 50 TWh Solar Power Boom in 2024 Despite a record-breaking 60 gigawatts direct current (GWDC) of solar PV capacity expansion in 2023, solar power generation in Europe saw a modest increase of about 20%. This year, however, will be another story. Read More |
02.27.24- Could Solar Power Become America’s Leading Electricity Source? Solar energy operations have been flourishing in recent years, following decades of sustained investment and recent innovations in solar panel technology. There has been a solar manufacturing boom, which is expected to continue at a faster pace. Countries worldwide are investing heavily in increasing their solar energy capacity in support of a green transition, with China and the U.S. leading the way. Read More |
02.26.24- Bumpy solar cells could harvest up to 66% more energy A new solar cell design consisting of "hemispheres" on the surface, like braille dots, could improve efficiency Solar cell efficiency may get a bump from bumps. New research suggests that building tiny domes into the surface of organic solar cells could boost their efficiency by up to two-thirds, while capturing light from a wider angle. Read More |
02.24.24- EVs Are a Bust We are living through one of history’s longest and most excruciating versions of “We told you so.” When in March 2020, the world’s governments decided to “shut down” the world’s economies and throttle any and all social activity, and deny kids schooling plus cancel worship services and holidays, there was no end to the warnings of the terrible collateral damage, even if most of them were censored. Read More |
02.23.24- Trillions of tons of buried hydrogen: Clean energy gold rush begins There's enough natural hydrogen trapped underground to meet all projected demands for hundreds of years. An unpublished report by the US Geological Survey identifies it as a new primary resource, and fires the starter pistol on a new gold rush. Read More |
02.22.24- Nuclear SMR welding breakthrough: Small Modular Reactor (SMR) construction shifts into high gear, as UK company Sheffield Forgemasters welds a full-size nuclear reactor vessel in under 24 hours instead of the usual 12 months. The rollout of this game-changing tech could be massive. Modular reactors have the potential to revolutionize the nuclear power industry by turning nuclear generating plants from major civil engineering projects to factory-produced commodities. Instead of being essentially one-offs, modular reactors have a standardized design, can be mass produced, installed in any number required to serve local needs, and don't require the incredibly expensive buildings conventional reactors depend upon. Read More |
02.21.24- World On Threshold Of Natural Hydrogen "Gold Rush," Geologists Say Speaking this weekend at a Denver meeting of the American Association for the Advancement of Science, geologists heralded a coming, game-changing surge in mankind's harvesting of a resource long thought impractical to collect: naturally-occurring or "geologic hydrogen." The scientists provided a first look at the findings of an as-yet-unpublished study performed by the US Geological Survey (USGS). The key takeaway: naturally-occurring hydrogen is far more abundant near the Earth's surface than previously known. Researchers say the planet holds upwards of 5 trillion tons of hydrogen, trapped in underground pockets. Read More |
02.20.24- And Now, for Something Entirely Different: Congress Is Broken The recent retirement announcements of two talented and patriotic Republican congressmen bodes ill for our nation. “In this present crisis, government is not the solution to our problem; government is the problem.” So said Ronald Reagan on January 20, 1981, in his first inaugural address. We were reminded of these words last Wednesday when Tennessee Republican Congressman Mark Green said, “I have come to realize our fight is not here within Washington, our fight is with Washington” (emphasis added). Read More |
02.19.24- 10 Reasons Why The World Can't Run Without Fossil Fuels
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02.17.24- Solar Panel Waste is Becoming Numerous factors continue to pull at the Renewables MMI (Monthly Metals Index) as it moves through Q1. This past month, the index largely moved sideways, only exhibiting a slight upward movement of 1.66%. Meanwhile, renewable energy news indicated that metals like cobalt and silicon could remain in oversupply for some time. Moreover, expanding mining operations in DRC continue to add cobalt to the already-abundant global stockpile. With steel prices flattening, the index continues to move steadily sideways. Read More |
02.16.24- Advanced geothermal drilling is 70% faster and 50% cheaper than 2022 Geothermal development company Fervo Energy has announced impressive strides being made at its Cape Station facility in southern Utah. The results could lead to a quicker and more widespread uptake of this super-clean energy production process.Read More |
02.15.24- Wyoming Rare Earth Discovery Could Shake Up Global Markets Month-on-month, rare earths prices exhibited sharp downward movement. While weaker downstream demand could potentially prove one culprit in the dropping prices, another potential factor is an increase in global rare earth production outside of China. If true, China could find itself bumped down the totem pole in terms of rare earth magnets dominance. Meanwhile, China’s economy continues to waver due to the weakened property sector, which could also potentially impact prices. For now, China continues to hold its spot as the top global rare earths producer. Read More |
02.14.24- Why Are China’s Solar Panels The US wants to break into the solar panel business. Doing so, if its possible at all, means costs of the solar panels and electricity will surge... China’s Grip on Solar The Wall Street Journal asks Can the U.S. Break China’s Grip on Solar? Read More |
02.13.24- Historic fusion ignition in a lab experiment confirmed Lawrence Livermore National Laboratory has published an extensive paper confirming the validity of its 2022 fusion experiment where multiple lasers focused on a sphere of deuterium and tritium to achieve the first fusion ignition in a laboratory. Creating nuclear fusion is relatively easy to produce. All you need are the conditions that place hydrogen isotope ions under the right conditions of heat and pressure to cause them to fuse into helium. In fact, it's so easy that it was the centerpiece of a General Electric exhibit that ran for 10 hours a day at the 1964 World's Fair. Read More |
02.12.24- Fusion Breakthrough Could Spark AI and Quantum Computing Boom A recent physics breakthrough that could serve as a proof-of-concept for the development of nuclear fusion reactors capable of producing near-unlimited energy has finally passed its official peer-review successfully. On December 5th, 2022 a team of researchers at the United States National Ignition Facilityin California recorded data indicating that it had achieved a nuclear fusion reaction that created more energy than it took to produce. The reported results were the first of their kind.Read More |
02.10.24- Nuclear Energy's Role It’s the coldest time of the year and the demand for energy is significantly higher as people try to warm their homes. According to the U.S. Energy Information Administration (EIA), in Alabama seven out of ten homes rely on electric heating during the winter months. Increasing demand is placing a strain on our power grid, and the Biden administration has no solution to the problem. Read More |
02.09.24- The Delusions Of Davos And Dubai, Part Three: Alternatives To Wind & Solar Energy Wind and solar energy cannot lift humanity into prosperity. But as an impressive fleet of private jets has recently migrated from the COP 28 Summit in Dubai to the World Economic Forum in Davos, carrying the hoi polloi of the world from one elitist summit to another, this delusion was the dominant sentiment. Read More |
02.08.24- Is the Push for Electric Vehicles Outpacing Market Readiness? All components of the Automotive MMI moved sideways or down month-on-month. Moreover, January saw prices flatten out across the steel market, causing hot-dipped galvanized steel prices to trend close to support zones. Meanwhile, China’s wavering economy continues to prove a concern for global markets because the country is such a large steel demand driver. Many fear that if HDG demand were to drop too much within China, it could impact global demand overall. Therefore, HDG buyers for vehicle manufacturers should to keep a close eye on China’s economy for the foreseeable future. Read More |
02.07.24- Self-extinguishing lithium battery puts out its own fires High-density lithium batteries hold vast amounts of energy – and when they drop their guts, they can do so in absolutely spectacular destructive fashion. So researchers have built fire extinguishing capabilities right into the cells themselves. Read More |
02.06.24- And Now, for Something Entirely Different: Brace for Impact “It’s not enough to say it’s nuts, you have to explain why it’s so nuts.” – Terrance McKenna
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02.03.04- Global Plant Growth Accelerates Thanks to Higher Carbon Dioxide Levels, New Study Finds The rate of global greening caused by recent increases in atmospheric carbon dioxide has accelerated during the last two decades, according to important new findings recently published by a group of Chinese scientists. About 55% of global land mass revealed an “accelerated rate” of vegetation growth, compared with only 7.3% showing increased decline or ‘browning’. Read More |
02.02.24- Uranium Prices Soar As World Turns As the need for abundant and expedient carbon-free energy intensifies and solar and wind power deployment hit some major speedbumps, more and more industry experts are calling for a resurgence of nuclear energy. While nuclear power has been out of vogue for decades now, proponents argue that its myriad values can no longer be ignored. Read More |
02.01.24- Home Battery Storage Explained Batteries for solar energy storage are evolving rapidly and becoming mainstream as the transition to renewable energy accelerates. Until recently, batteries were mainly used for off-grid solar systems. However, the giant leap forward in lithium battery technology has seen immense interest in people wanting to store excess solar energy, increase self-consumption and become more energy-independent. Additionally, with frequent extreme weather events causing grid-wide blackouts, households and businesses are looking for ways to ensure a reliable electricity supply during prolonged disruptions. Read More |
02.31.24- Battery-free sensor harnesses the power of speech Researchers have developed a battery-free sensor that reacts to sound waves, such as particular spoken words, producing enough vibrational energy to power an electronic device. The novel sensor would not only reduce battery waste but could also power medical devices like cochlear implants or monitor buildings for faults. Read More |
01.30.24- Navigating the Land Crunch in Renewable Energy Expansion Building out solar and wind power generation capacity at the scale and pace needed to meet global climate pledges will require some serious problem-solving. There are a handful of key challenges facing renewable scaling, the three most prominent of which are aging and unsuitable power grids, arduous and lengthy permitting processes, and securing enough land to build utility-scale solar and wind farms. Read More |
This is a truly incredible development. Joe Biden has just halted all new LNG exports from the United States and this comes after the US Navy destroyed the Nord Stream pipelines feeding energy to Europe. In addition, Qatar has just announced a halting of LNG exports due to the risk of ships being damaged in the conflict between the Yemen rebels and the US Navy in the Red Sea. Read More |
01.27.24- New Law Could Put Geothermal On Equal Footing With Oil And Gas Nearly two decades ago, President George W.Bush’s administration passed the Energy Policy Act of 2005 that ‘‘…provides categorical exclusions from National Environmental Policy Act reviews for permitting for drilling in public lands where drilling has occurred within the last five years, or where an approved environmental evaluation was completed within the last five years”.Interestingly, this special privilege only applies to oil and gas fields but not to geothermal energy, despite the latter being a much cleaner energy source.Read More |
01.26.24- Why Lithium Prices Crashed by 80% Slowing growth in electric vehicle sales, including in the top EV market, China, and a market oversupply in battery metals sent lithium prices crashing by 80% in the past year, prompting lithium miners to pause and scale back expansion projects. China's EV sales continued to grow last year but fell short of expectations. On the other hand, raw material providers, which had rushed to mine lithium in the past two years to meet growing demand, have outproduced the current demand. As a result, lithium prices crashed last year by over 80% to the lowest level since 2020, at $13,200 per ton, Benchmark Mineral Intelligence says, as carried by the Financial Times. Read More |
01.25.24- Self-powered emergency seawall could generate power during tsunamis Self-deploying sea barriers offer coastal towns some protection from the destructive forces of tsunamis – but one problem can arise when power goes out in a disaster scenario. Hence this Japanese proposal for a wall that generates its own power. There are only around two tsunamis a year worldwide that cause death or damage, according to the US Tsunami Warning System. Larger ones capable of causing death or damage more than 1,000 km (620 miles) from their point of origin happen at a rate around two per decade. Read More |
01.24.24- Floating Solar Farms: Southeast Asia's Answer to Land Scarcity Solar photovoltaic (PV) capacity additions are poised to be a central pillar of Southeast Asia’s energy future, with floating installations primed to play a critical role. Mirroring the broader Asian region’s dominance of the global floating PV (FPV) market, Rystad Energy research shows that Southeast Asia will account for 10% of the region’s total solar capacity by 2030, encompassing ground-mounted, rooftop and FPV installations. Countries such as the Philippines, Indonesia and Thailand are well-positioned to be at the forefront of this growing trend, using FPV to increase clean energy generation capacity. Read More |
01.23.24- "Power plant" generates electricity via the wind and rain on its leaves The artificial "power plant," with nonfunctional green leaves and beige leaves that are actually energy collectors – in real-world use, all of the leaves could be colored green While renewable energy sources certainly are more eco-friendly than fossil fuels, most of them only produce electricity in one way, such as using sunlight … which isn't always available. A new system, that has been built into an artificial plant, uses both wind and rain. Read More |
01.22.24- Canada Dominates Global Uranium Production Uranium production in Cigar Lake, Canada is the highest-grade in the world. Since 2014, the site has mined 105 million pounds of the radioactive metal, which is naturally occurring on Earth. It is the largest uranium mine on the planet. Read More |
01.20.24- Protecting Coasts and Powering Homes: The Tidal Range Revolution Lancaster University researchers David Vandercruyssen, Simon Baker, David Howard and George Aggidis from the School of Engineering have said that tidal range schemes are vital to protect habitats, housing and businesses from a rising sea level estimated to be over one meter within 80 years. The research report published in Energy (an open access paper), follows on from earlier Lancaster University research into a combined tidal range electricity generation and cost model demonstrating the viability of tidal range energy in the UK. This showed how it is possible to maintain the full tidal range within existing dams or weirs. Read More |
01.19.24- Space-Based Solar Farms Could Power the Planet from Orbit The variability of renewable energy is one of the key hurdles standing between us and a net-zero future. Unlike baseload fossil fuels, which can be easily manipulated to produce enough supply to meet demand at any given time, renewable energy sources like solar and wind power depend on uncontrollable elements like the weather and the time of day. Finding a way to better match renewable energy supply with demand will therefore be critical to meeting global decarbonization goals. Read More |
01.18.24- New Methane Emission Laws Could Transform U.S. Energy Sector The U.S. Environmental Protection Agency (EPA) could introduce new emissions fees for the production of methane in oil and gas projects across the country if approved. This month, the EPA proposed a new rule to encourage clean energy deployment and decarbonisation, as well as to reduce methane emissions, aimed at some of the country’s biggest emitters. Some companies in the oil and gas industry continue to emit higher levels of greenhouse gases than permitted by Congress under the Inflation Reduction Act (IRA). If approved, this rule would charge companies that produce excess emissions. The EPA hopes that the rule will encourage companies to invest in carbon capture and storage technologies, as well as follow best practices to support decarbonisation and the curbing of methane emissions before it comes into place. Read More |
How stupid is BC’s energy policy? We could be the Saudi Arabia of electricity for the price of one $16-billion Site C dam In British Columbia, the cost of building a Site C, a massive hydroelectric dam on the Peace River, is now estimated at CAD$16 billion, following numerous cost overruns. BC taxpayers will also cough up $5.3 billion worth of tax breaks for a liquefied natural gas (LNG) plant and pipeline called LNG Canada — three more LNG projects are proposed, all connected by pipelines, to ship natural gas fracked from BC gas fields to customers in Asia. Read More |
01.16.24- "Dirt-powered fuel cell" draws near-limitless energy from soil A Northwestern University team has demonstrated a remarkable new way to generate electricity, with a paperback-sized device that nestles in soil and harvests power created as microbes break down dirt – for as long as there's carbon in the soil. Microbial fuel cells, as they're called, have been around for more than 100 years. They work a little like a battery, with an anode, cathode and electrolyte – but rather than drawing electricity from chemical sources, they work with bacteria that naturally donate electrons to nearby conductors as they chow down on soil. Read More |
01.15.24- Copper's Critical Role In the Autumn of 2023, the International Copper Study Group (ICSG) forecast that the copper market was likely to experience a significant surplus of the metal in 2024 after several companies worldwide ramped up their operations in response to the growing global demand. However, by the end of the year, updated forecasts suggested that copper prices would skyrocket in 2024, as the world faces deficits of the critical metal driven by more ambitious climate pledges from various countries around the globe. So, what can we expect for copper in the coming year? Read More |
01.13.24- Geopolitical Risks Push Oil Prices Higher Oil prices are being pushed higher by renewed geopolitical risk after the UK and the U.S. launched an attack on Houthi positions in Yemen. Brent temporarily climbed above $80 before falling back slightly. Read More |
01.12.24- Uranium's "Third Bull Market" So far this week, spot prices for yellowcake - uranium concentrate used in nuclear power generation - reached a new 16-year high, climbing to $92.45 per pound. Reflecting on our December 2020 note to readers in "Buy Uranium: Is This The Beginning Of The Next ESG Craze," yellowcake prices have risen 217%. The uranium market is only getting hotter, and continued tightness could push prices over $100, analysts from Bank of America and Berenberg Bank wrote in two separate notes. Read More |
01.11.24- Scientists Present New Solid State Lithium Battery That Lasts 6000 Cycles Harvard’s John A. Paulson School of Engineering and Applied Sciences researchers have developed a new lithium metal battery that can be charged and discharged at least 6,000 times. That’s more than any other pouch battery cell – and can be recharged in a matter of minutes. The cycle count equals more than 16 years of daily charge /discharge cycles. Read More |
01.10.24- This Is What They Don’t Want You to Know About the Climate Agenda |
01.09.24- Big Oil’s Ambitious Decarbonization Strategies Have Gone Bust Back in February 2020,British oil and gas multinational BP Inc. (NYSE:BP) announced an ambitious goal to become net-zero by 2050 through, among other things, aggressively cutting oil and gas production and also undertaking one of the industry’s most expansive renewable electricity build-outs. In April of the same year, deep in the throes of the oil price crash, BP’s Dutch peer Shell Plc (NYSE:SHEL) warned that global oil demand had been permanently destroyed and effected its biggest dividend cut since the Second World War. Read More |
01.08.24- Germany Leads the Way in Solar Energy Across Europe According to assessments by the International Renewable Energy Agency in 2022, Germany had an installed photovoltaic capacity of around 67 gigawatts, making it the European country with the greatest solar energy potential. As Statista's Anna Fleck details below, the capacity of the Federal Republic in that year was more than twice as high as Italy's, which ranked second with 25 gigawatts. Read More |
01.06.24- Home Battery Storage Explained Batteries for solar energy storage are evolving rapidly and becoming mainstream as the transition to renewable energy accelerates. Until recently, batteries were mainly used for off-grid solar systems. However, the giant leap forward in lithium battery technology has seen immense interest in people wanting to store excess solar energy, increase self-consumption and become more energy-independent. Additionally, with frequent extreme weather events causing grid-wide blackouts, households and businesses are looking for ways to ensure a reliable electricity supply during prolonged disruptions. Read More |
01.05.24- Chinese Carmakers Launch Sodium-Ion Battery-Powered EVs Two Chinese state-owned carmakers have launched electric vehicles (EVs) powered by sodium-ion batteries, considered an alternative to the conventional lithium-ion batteries used in most EVs, Caixin Global reports. Yiwei, a new EV subsidiary of JAC Group and backed by Volkswagen, debuted the first sodium-ion battery-powered electric car on Wednesday. Back in 2021, Volkswagen invested 1 billion euros in JAC Group for a 50% stake with the giant German automaker before full control of management of the EV joint venture with a 75% stake. Read More |
01.04.24- Is It Time To Refill America’s Strategic Petroleum Reserve? In late 2021, President Biden ordered the release of 50 million barrels of crude from the Strategic Petroleum Reserve to bring down the price of gasoline. Then, in the spring of the next year, he ordered the release of another 130 million barrels. Prices at the pump fell between $0.17 and $0.42 per gallon. With the massive withdrawals and previously scheduled mandatory sales, the SPR shed 270 million barrels and fell to the lowest in 40 years.Read More |
01.03.24- 2023 May Have Been the U.S. Oil Industry’s Best Year Yet Last year, U.S. crude oil production broke another record. This in itself is not exactly news. The shale oil industry has been breaking records for breakfast for years. But that was before the pandemic. After the pandemic, many pronounced the shale boom dead. Of course, those same people found out in 2023 that this wasn’t strictly true. Despite a continued focus on capital discipline and the flurry of cash they returned to shareholders, U.S. drillers managed to boost their overall output to over 13.2 million barrels daily in September. And they did it with fewer rigs, at that. And with zero—if not negative—support from the federal government. Read More |
01.02.24- We’re on the Verge of a Reset of Expectations in the Oil Sector Despite a late Santa rally in the oilpatch this week, it's probably time to recognize that we are on the verge of a reset of expectations for the oil sector in the developing, likely 2024 price environment for WTI and Brent. We are about one inventory build away from a trip back into the $60's for WTI and the low $70's for Brent. Do we stay there for long? I doubt it, and will discuss why in this article, but it could happen. In this article I will discuss what I see as the most likely scenario for 2024. Read More |
01.01.24- Next-Gen Solar Cells: Smaller, Cheaper, More Efficient The cells, with a size twice the thickness of a strand of hair, have significant advantages over conventional solar technologies, reducing electrode-induced shadowing by 95% and potentially lowering energy production costs by up to three times. Read More |
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