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 …
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 …
Latin America is poised to play an increasingly important role in the global transition to cleaner energy sources, the International Energy Agency (IEA) said on Wednesday in its first-ever energy outlook on the region.
Latin America and the …
The U.S. offshore wind industry is “fundamentally broken” and needs a reset, a clean energy executive at supermajor BP said at the FT Energy Transition summit on Wednesday. But the regulatory and permitting environment for the industry can …
(Bloomberg) – bp Plc’s temporary boss gave a robust defense of the company’s strategy, batting away suggestions that he needs to follow the big oil deals done by U.S. competitors Exxon Mobil Corp. and Chevron Corp.
“We’re focused …
LONDON – Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits, it said on Wednesday.
The staff
PARIS – Droughts limiting hydro-electric generation globally prevented a fall in the energy sector’s overall carbon emissions in the first half of 2023 despite the growth of wind and solar power, climate think tank Ember said in a report …
Europe and the United States risk missing their ambitious wind power installation targets as soaring costs, supply chain delays, and low electricity prices at auctions hamper development and lead to a cancelation of offshore wind projects.
Government targets …
A government shutdown could slow down U.S. clean energy investments as it could delay billions of dollars worth of incentives under the Inflation Reduction Act (IRA) for which the Administration is still fine-tuning the details, according to senior …
LONDON – Shell SHEL.L CEO Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not to scale back investments in renewable energy, sparking an …
An advisor to President Biden is the latest to call on the U.K. and Europe to follow in the footsteps of the U.S. and increase their investment in green technology. The U.K. and the rest of Europe have …
President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders.
The 2030 …
SINGAPORE – Chinese oil refiners and petrochemical companies are investing tens of billions of dollars to produce high-end chemicals for solar panels and lithium-ion batteries to profit from growing demand for energy transition technologies.
The investments illustrate
While U.S. gasoline demand is unlikely to rescale the pre-pandemic peaks of 2018 as the energy transition accelerates, the pace of its decline is uncertain, illustrating the challenge for industry and the government in planning the shift to a …
(Bloomberg) – Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said. The UK energy giant is working with advisers to study …
Without a single sales contract in hand, Dutch fertilizer company OCI OCI.AS is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency …
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, …
The Biden administration’s climate agenda is facing an unexpected challenge in drought-prone Corpus Christi, Texas, where a proposed clean hydrogen hub would require the installation of energy-intensive, expensive and potentially environmentally damaging seawater desalination plants.
The Gulf Coast port …
Record increases in solar and wind installations in 2022 failed to cut into the massive 82% share of fossil fuels in global energy consumption amid turbulent energy markets and energy security concerns, the annual Statistical Review of World …
Vancouver, British Columbia, June 26, 2023 – Total Helium Ltd. (TSX-V: TOH), (OTCQB: TTLHF), (FRA: Y02.F) (“Total Helium” or the “Company”) is pleased to provide a follow-up operational update on its Pinta South Project in the …
FRANKFURT – A record sell-off in Siemens Energy ENR1n.DE shares has laid bare a major loss of confidence by investors in the group’s ability to fix its struggling wind turbine division, leaving them fearful of what else to expect …
Environmentalists and critics are having a field day after a second international energy major scaled back its renewable development ambitions in the space of just a few months. But Big Oil’s renewed focus on profitable projects in oil …
The European Union has plans to boost its wind and solar power generation capacity by orders of magnitude in order to hit decarbonization goals. That capacity is heavily reliant on software. And software can be hacked.
“Cyber risks …
The U.S. Administration this week issued a much-anticipated guidance on tax credits in the Inflation Reduction Act (IRA), giving access to tax credits to local governments and non-profits to join the clean energy transition.
The U.S. Department of …
The United States and Australia agreed this weekend on a clean energy manufacturing pact with a focus on the energy transition and emissions reduction.
The so-called Climate, Critical Minerals, and Clean Energy Transformation Compact establishes climate and …
Tesla this week broke ground on a lithium refinery in Texas in the company’s latest move aimed at ensuring a sufficient supply of critical materials for the manufacturing of its cars.
It is also part of a …
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
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
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
