Oil and Gas 360 Publisher’s Note: Industrial power company One Energy to host a virtual analyst and investor day on Monday, July 1, 2024, from 1:00 p.m. to 2:30 p.m. (ET). Registration is required: registration link. FINDLAY, Ohio–(BUSINESS WIRE)–One Energy Enterprises Inc. (“One Energy”), an industrial power company, announced today that it will host a Virtual Analyst and Investor Day
Oil Price China issued on Wednesday new guidelines for its lithium-ion battery industry in a bid to put quality over quantity in battery manufacturing, whose boom led to overcapacity and eroded prices for companies in the sector. “China’s Ministry of Industry and Information Technology on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen standardized management and promote high-quality
Yahoo PJM Interconnection, the biggest U.S. power grid operator said on Friday that it is ready to meet anticipated electricity demand during a predicted heat wave. Temperatures are expected to soar for the next ten days across the PJM region, the operator noted in its press release. “While PJM has sufficient generation and transmission capacity to meet demand during the
Oil and Gas 360 A first in decades for lower-48 electricity trade with the U.S.’ northern partner. Mobius Intel Brief: The Canadian power grid’s significant exposure to hydropower output means it’s particularly vulnerable to variable weather patterns. This Spring’s low water levels flipped the U.S.-Canada power relationship on its head, with the United States becoming a net exporter of electricity
Oil Price Intelligent, responsive, and flexible computing systems are essential for meeting global climate goals, as they can help optimize energy production and consumption. As the world keeps consuming more and more energy, the likelihood that we’ll be able to reach net zero by midcentury is seeming more and more like a pipe dream. The U.S. Energy Information Administration (EIA)
Oil Price Americans continue to be fans of gasoline-powered vehicles and prefer them to electric vehicles (EVs) and hybrids, a new study by KPMG has shown. Assuming all costs and features are the same, just 21% of consumers prefer an EV, the inaugural KPMG American Perspectives Survey found. The survey assessed the views of 1,100 adults nationwide to understand their outlook
Oil Price Last year, the U.S. made major lithium breakthroughs with the potential to make the country self-sufficient in the critical battery metal for decades. In September, a group of scientists funded by Lithium Americas Corporation (NYSE:LAC) reported that the McDermitt Caldera, a volcanic crater on the Nevada-Oregon border, houses 20 to 40 million metric tons of lithium deposits. For perspective, that volume is
Oil Price BP has cut over a tenth of its workforce in its EV charging business, BP Pulse, as the supermajor is downsizing the division and retreating from several countries to focus on just four key markets, Reuters reported on Monday, quoting sources at the company. BP has cut more than 100 out of BP Pulse’s 900 jobs, but many of the
Yahoo Finance 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 10 U.S. electric utilities said data centers were a main source of customer growth, leading many to revise up capital
Oil and Gas 360 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 the U.S. generation fleet. Forecasts from institutions like the IEA see global power demand from data centers, AI, and cryptocurrency
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 dependence on Chinese supply. Lithium Americas’ Thacker Pass project in Humboldt County, Nevada, is located next to a mine site that contains
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 responsible for igniting the recent Smokehouse Creek fire—the largest wildfire in the state’s history. The Smokehouse Creek wildfire began February
