Publisher's Note: Dan Genovese with EnerCom sat down with Drew Lichter and Zane Curry of Mobius Risk Group to preview their presentation and panel at EnerCom Dallas – The Energy Investment & ESG Conference + The Energy Venture Investment Summit
Power Generation
US electric utilities brace for surge in power demand from data centers
U.S. electric utilities predict a tidal wave of new demand from data centers powering technology like generative AI, with some power companies projecting electricity sales growth several times higher than estimates just months earlier.
Nine of the top …
The new era of power demand growth: How AI-driven power demand fits into a changing generation mix
Energy Shots By Mobius Risk Group
Summary:
- The New Era of Power Demand Growth: Two decades of sub-1% annual growth in electricity consumption is nearing its end as AI-fueled power demand sets a new course for
U.S. to back Nevada lithium project with $2.26 billion loan
Lithium Americas Corp has received a conditional commitment for a $2.26-billion loan from the U.S. Department of Energy to help it build lithium processing facilities in Nevada, as the Biden Administration looks to support America-produced lithium and reduce …
Xcel Energy may have triggered wildfires in Texas
Xcel Energy’s facilities in Texas may have been the cause of a spree of wildfires that ripped through the state.
Excel, based in Minneapolis, an electric utility and natural gas delivery company, said it very well may be …
Biden’s scaled-back power rule raises doubts over US climate target
The Biden administration’s decision to exclude the existing U.S. fleet of natural gas power plants from upcoming carbon emissions regulations raises questions over the nation’s ability to meet its climate goals, according to researchers.
Cleaning up the U.S. power …
Duke Energy misses Q4 profit estimates on higher interest costs, raises capex
Utility firm Duke Energy missed fourth-quarter profit estimates on Thursday on higher interest expenses and raised its five-year capex by $8 billion to support its transition to renewable energy.
The U.S. Federal Reserve’s interest-rate hikes to tame inflation …
Emissions pressure turns oil drillers into grid drainers
Something strange is happening in the U.S. oil patch. Oil drilling—an activity that has always been energy-intensive—has turned into a massive drain on the grid. The trend is an ironic twist to the U.S. grid problem, which is …
Ukraine says 500 settlements without power as energy consumption hits record
Ukrainian energy consumption hovered near record highs on Friday, increasing strains on the fragile power sector as nearly 500 settlements faced blackouts due to Russian shelling, air strikes and bad weather, officials said.
Ukraine, an exporter of electricity before …
The pricey reality behind Biden’s EV aspirations
The Biden administration is pushing for widespread electrification in less than 20 years through government subsidies and coercive regulations as part of its aggressive climate agenda. The truth is that President Joe Biden’s goals are an illusion at …
INSIGHT-Giant batteries drain economics of gas power plants
LONDON – Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide.
The long-term economics of gas-fired plants, used in Europe and …
U.S. renewable, grid battery projects battle transformer shortage
U.S. developers building renewable energy projects and power storage for grids are scrambling to procure critical components, leading to rising costs and project delays. Supply chain problems have tightened supply of high-voltage transformers necessary to connect wind and solar …
Exxon to start lithium production for EVs in the US by 2027
HOUSTON – Exxon Mobil said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries and advanced electronics.
Oil majors are investing in the …
Texas grid seeks more power capacity to avoid winter shortages
The Electric Reliability Council of Texas (ERCOT) sought bids from power producers on Monday to increase its operating reserves by around 3,000 megawatts in case of any unexpected spikes in demand during the upcoming winter season.
The Texas grid …
US power grids must adapt to rapid electrification, operators say
Rapid electrification poses risks to power grids across the United States that are straddling the twin goals of decarbonizing the sector and maintaining reliable supply, grid operators told U.S. lawmakers on Thursday.
Appearing before the Energy, Climate, and Grid …
A critical mineral cartel would be worse than OPEC
In her State of the Union address this week, EC President Ursula von der Leyen made a point about the EU’s growing independence in sectors such as energy, chips, and raw materials.
The official stressed the importance …
Manchin pushes for faster permitting of high-voltage power lines
Senator Joe Manchin is calling for faster approval of high-voltage power lines as part of the permitting reform he has been seeking to pass for months. Manchin, Chairman of the Senate Energy and Natural Resources Committee, is calling …
Activist investor Elliott calls for new CEO at NRG Energy
Activist investor Elliott Investment Management is increasing pressure on NRG Energy and seeking to oust its CEO Mauricio Gutierrez, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Elliott is in talks with potential
Saudi energy minister defends voluntary oil cuts as precautionary
Saudi Energy Minister Prince Abdulaziz bin Salman defended the voluntary output cuts announced by some allied oil producers in April, which he noted were first criticized as likely to spike crude prices — then, as failing to support them.…
The grid needs a $20 trillion upgrade to support energy transition
For the energy transition to happen, the world needs massive grid overhauls. This message has been overlooked for years as wind and solar stole the limelight, but now it’s back on the agenda. Because no transition from baseload, …
Texas battery rush: Oil state’s power woes fuel energy storage boom
BlackRock, Korea’s SK, Switzerland’s UBS and other companies are chasing an investment boom in battery storage plants in Texas, lured by the prospect of earning double-digit returns from the power grid problems plaguing the state, according to project owners, …
Power blackouts will be part of this summer in the U.S.
Blackouts are likely this summer in the United States, according to the North American Electric Reliability Corp.
The NERC warning came late on Wednesday, calling for “shortfalls” in power supplies to the U.S. West, Midwest, Texas, Southeast, …
Exclusive Interview: Trinity Refining and Safety Systems – Dramatically extending engine and oil life, while reducing emissions and costs
Publisher's Note: Dan Genovese with EnerCom met with Charlie Goodson, Chairman, and Don McGregor, Executive Vice President, of Trinity Refining and Safety Systems (TRSS) to discuss their transformative technology, with almost unlimited applications, but initially focused on high-value engine oil
Exclusive Interview-SixLab by Studio X, created by Shell, has a singular mission—to accelerate the pace of innovation in climate tech and energy transition
Publisher's Note: Dan Genovese with EnerCom sat down with Jeff Allyn, Chief Executive Officer of Studio X, a global innovation studio, to discuss SixLab by StudioX, the energy and climate tech accelerator program committed to supporting early stage