Power Generation

Source: Oil Price

U.S. to back Nevada lithium project with $2.26 billion loan

Oil Price


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 …

Source: Oil Price

Xcel Energy may have triggered wildfires in Texas

Oil Price


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 …

Source: Reuters

Biden’s scaled-back power rule raises doubts over US climate target

Nasdaq


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 …

Source: Reuters

Duke Energy misses Q4 profit estimates on higher interest costs, raises capex

Yahoo Finance


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 …

Source: Oil Price

Emissions pressure turns oil drillers into grid drainers

Oil Price


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 …

Source: Reuters

Surging electricity demand increases the risk of blackouts in the U.S.

Oil Price


Back in the middle of 2023, the International Energy Agency reported that electricity demand is on the decline in advanced economies. The IEA said at the time that demand for electricity in the U.S. alone was set to …

Source: Oil Price

Only half of all ford dealers agree to sell EVs next year

Oil Price


Ford said on Thursday that half of all 1,550 Ford dealers chose to sell electric vehicles in 2024—down from two-thirds that said this time last year that they would opt in to sell EVs for 2023. The other …

December 22, 2023 - 10:30 am Closing Bell Story‎, Energy News, Gasoline, Power Generation
Source: Reuters

Ukraine says 500 settlements without power as energy consumption hits record

Nasdaq


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 …

December 8, 2023 - 10:30 am Closing Bell Story‎, Energy News, Europe, Power Generation
Source: Oil Price

$11-billion takeover bid for Australia’s top utility collapses

Oil Price


Not enough shareholders of Australia’s top energy retailer, Origin Energy, backed on Monday a takeover bid from a Brookfield-led consortium of investors, leading to a collapse of a proposed $11-billion deal.

A total of 68.92% of the votes …

Source: Reuters

The pricey reality behind Biden’s EV aspirations

Oil Price


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 …

Source: Reuters

INSIGHT-Giant batteries drain economics of gas power plants

Nasdaq


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 …

November 21, 2023 - 11:30 am Closing Bell Story‎, Energy News, Finance, Power Generation
Source: Reuters

U.S. renewable, grid battery projects battle transformer shortage

Nasdaq


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 …

Source: Reuters

Exxon to start lithium production for EVs in the US by 2027

Yahoo Finance


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 …

Source: Reuters

Texas grid seeks more power capacity to avoid winter shortages

Investing


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 …

Source: Reuters

US power grids must adapt to rapid electrification, operators say

Nasdaq


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 …

Source: Oil Price

A critical mineral cartel would be worse than OPEC

Oil Price


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 …

Source: Reuters

Manchin pushes for faster permitting of high-voltage power lines

Oil Price


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 …

Source: Oil Price

McKinsey: Key metals shortages could slow the energy transition

Oil Price


Looming shortages of critical metals enabling the energy transition could slow the uptake of renewables and low-carbon solutions, McKinsey & Company warns. Supply of nickel, copper, lithium, cobalt, tin, iridium, and rare-earth element dysprosium faces shortages this decade, …

Source: Reuters

Activist investor Elliott calls for new CEO at NRG Energy

US News


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

Source: CNBC

Saudi energy minister defends voluntary oil cuts as precautionary

CNBC


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.…

Source: Oil Price

The grid needs a $20 trillion upgrade to support energy transition

Oil Price


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, …

Source: Reuters

Texas battery rush: Oil state’s power woes fuel energy storage boom

Nasdaq


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, …

Source: Reuters

Power blackouts will be part of this summer in the U.S.

Oil Price


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, …

May 12, 2023 - 3:30 pm Closing Bell Story‎, Energy News, Power Generation
Exclusive Interview: Mobius Risk Group previews commodity and physical energy risk at EnerCom Dallas

Exclusive Interview: Mobius Risk Group previews commodity and physical energy risk at EnerCom Dallas

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

Exclusive Interview: Trinity Refining and Safety Systems – Dramatically extending engine and oil life, while reducing emissions and costs

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

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

Exclusive Interview: LiTHOS Technology – Building the future of sustainable lithium production

Exclusive Interview: LiTHOS Technology – Building the future of sustainable lithium production

Publisher's Note: Dan Genovese with EnerCom met with Scott Taylor, President and CEO of LiTHOS Technology to discuss their goal to be the leader in the application of Direct Lithium Extraction (DLE) technology for economic, environmentally efficient, and sustainable lithium

Exclusive Interview – Pioneer Energy designing and manufacturing processing equipment that decarbonizes the oil and gas industry

Exclusive Interview – Pioneer Energy designing and manufacturing processing equipment that decarbonizes the oil and gas industry

Publisher's Note: Dan Genovese with EnerCom met with Eyal Aronoff, Chief Executive Officer of Pioneer Energy to discuss Pioneer’s innovative, proprietary hydrocarbon processing systems that capture or eliminate emissions sources and turn otherwise wasted or flared gas and liquid streams

Liberty launches Liberty Power Innovations

Liberty launches Liberty Power Innovations

Oil and Gas 360


DENVER, April 10, 2023–(BUSINESS WIRE)– Liberty announced today the commercial launch of Liberty Power Innovations (LPI), an integrated alternative fuel and power solutions provider for remote applications. LPI’s initial focus is on compressed natural gas (CNG) …

Source: Oil Price

U.S. and Japan close critical minerals deal to counter China’s EV dominance

Oil Price


The United States and Japan have sealed a deal to cooperate on critical minerals for batteries that will see the two try and move EV supply chains away from China.

 

According to the deal, per the Wall …