Power Grid – Oil & Gas 360

U.S. Electricity Demand Surge: Forecasts and investment outlook: by Oil & Gas 360- oil and gas 360

The Power Behind the AI Boom: Why U.S. electricity demand is rising again: by Oil & Gas 360

March 16, 2026

(By Oil & Gas 360) – For nearly two decades, electricity demand in the United States remained largely unchanged. Efficiency improvements, slower industrial growth, and shifts in the economy kept overall power consumption relatively flat. That period may now be ending. Electricity Demand Outlook A combination of artificial intelligence infrastructure, data center expansion, electrified transportation, and the reshoring of manufacturing is beginning

RWE to invest $19 billion in U.S. gas power as demand jumps

March 12, 2026

(Oil Price) – Germany-based utility giant RWE is expanding its U.S. portfolio beyond renewables, focusing a large part of planned $19 billion investments in the United States by 2031 on gas-fired power generation. RWE – which ditched U.S. offshore wind last year after the Trump Administration signaled renewables would not be a priority and wouldn’t be supported going forward – is now betting

Barclays warns grid constraints could strand renewables assets

March 4, 2026

(Oil Price) – Investors may be underestimating the risk that renewables could become stranded assets, as grid constraints and congestion and supply chain hurdles limit the value that these assets could deliver, Barclays said in a recent white paper on “energy transition realism”. “The classic stranded-asset story focused on fossil fuels, but what we are now seeing is stranded-like outcomes also emerging for

BlackRock, EQT to acquire AES Corp. in $33.4B deal

March 2, 2026

(Oil Price) – A consortium led by BlackRock’s Global Infrastructure Partners (GIP) and U.S. gas giant EQT Corp. (NYSE:EQT) have agreed to acquire global power utility, AES Corp. (NYSE:AES), for $15 per share in cash, totaling an enterprise value of approximately $33.4 billion. The deal, which includes major pension and investment funds, represents a ~40% premium for AES shares and includes the assumption of debt with a

US offers largest ever energy loan with $26.5 billion to Southern Co

February 26, 2026

(BOE Report) – The U.S. Energy Department has offered a $26.54 billion loan to subsidiaries of Southern Co to increase grid reliability, the largest ever such financing by its loan office, the department said on Wednesday. The loans will save power customers in Georgia and Alabama more than $7 billion, the department said, without detailing how. Southern said last year

Texas producers gain access to new electricity procurement platform through TIPRO partnership

February 20, 2026

(World Oil) – The Texas Independent Producers & Royalty Owners Association (TIPRO) has launched a new electricity procurement initiative aimed at helping oil and gas operators manage rising power demand and costs across Texas. The TIPRO Power Texas program, developed in partnership with Arise Energy, provides member companies with access to competitive electricity sourcing options through a digital procurement platform that connects users

Berkshire Hathaway’s PacifiCorp sells Washington assets for $1.9 billion

February 17, 2026

(Oil Price) – Portland General Electric Company has agreed to buy select power plants and utility operations of Berkshire Hathaway’s PacifiCorp in Washington State for $1.9 billion, the Portland-based firm said on Tuesday. The price of the acquisition represents a purchase price multiple of 1.4 times the estimated 2026 rate base. As part of the deal, Portland General Electric (PGE) will buy three

Electricity demand is surging—The grid isn’t ready

February 11, 2026

(Oil Price) – Global electricity demand is rising at the fastest pace in 15 years and will continue to do so at least until the end of the decade as AI infrastructure, advanced manufacturing, and electrification have ushered in The Age of Electricity, the International Energy Agency (IEA) says. Global power demand is expected to grow by more than 3.5% per

Power plant outages leave largest US regional grid with thin operating margin

January 27, 2026

(BOE Report) – The largest U.S. regional electric grid on Tuesday reported nearly 18 gigawatts of power plant outages, leaving a region of 67 million people with a thin buffer of power supplies against frigid weather and a forecast for record-breaking winter demand. The PJM Interconnection reported that most of the generation outages are due to power plants being forced

Japan restarts its largest nuclear plant thirteen years after Fukushima

January 21, 2026

(Oil Price) – Japan’s Tokyo Electric Power Co. will today restart its first nuclear reactor after the Fukushima disaster. Reactor #6 at the Kashiwasaki Kariwa power plant will be switched on after 7 pm local time, Bloomberg reported, citing a company news release. The reactor has a capacity of 1.36 GW, Reuters noted in a report on the news. Kashiwasaki Kariwa is the world’s

Trump orders emergency power auction for big tech AI data centers

January 16, 2026

(Oil Price) – U.S. President Donald Trump is taking action to protect American consumers from soaring electricity bills with plans to direct the biggest U.S. grid operator, PJM, hold an emergency power auction in which Big Tech would bid for power supply for their new data centers and effectively pay for new power plants. President Trump and governors of several U.S. states, including

What DECARBON 2026 Reveals About the Industry’s Next Move- oil and gas 360

What DECARBON 2026 Reveals About the Industry’s Next Move on February 9-10, 2026

January 12, 2026

(Oil & Gas 360) – The oil and gas industry is moving from intention to action. With a focus on sustainability and operational advancements, this sector is investing in groundbreaking technologies to meet new demands. Find out how the Oil and Gas Decarbonisation Congress (DECARBON) 2026 is driving this transformation and reshaping the global energy landscape. The oil and gas sector

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