power generation Archives - Page 4 of 32

US power grids must adapt to rapid electrification, operators say

September 29, 2023

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 Security Subcommittee of the U.S. House of Representatives, officials from all seven of the country’s grid operators said multiplying electricity demand will

A critical mineral cartel would be worse than OPEC

September 15, 2023

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 of these raw materials for energy, after which she went on to slam China for unfair market practices. Was she

Manchin pushes for faster permitting of high-voltage power lines

July 26, 2023

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 for provisions in the reform for the federal government to intervene when electric transmission projects get “stuck at the state level,”

McKinsey: Key metals shortages could slow the energy transition

July 5, 2023

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, which would raise metals prices, supply chain pricing, and the price of finished products such as EV batteries or solar panels,

Activist investor Elliott calls for new CEO at NRG Energy

June 27, 2023

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 candidates to replace the U.S. power company’s CEO as well as other top executives, the report said. In a statement

Saudi energy minister defends voluntary oil cuts as precautionary

June 5, 2023

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. On April 3, several producers of the Organization of the Petroleum Exporting Countries and its partners — collectively known as

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

June 2, 2023

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, dispatchable power generation to distributed, intermittent generation is possible without a massive grid overhaul. Back in 2020, BloombergNEF estimated the cost of

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

May 31, 2023

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, developers and suppliers. Projects coming online are generating returns of around 20%, compared with single digit returns for solar and

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

May 12, 2023

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, New England—as well as Ontario—as temperatures rise. Last year, the warnings of power blackouts were less severe, in part because they didn’t

Exclusive Interview: Qnergy – stirling engines for addressing methane emissions - oil and gas 360

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

April 19, 2023

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, April 18-19, 2023 at Hotel Crescent Court, Uptown Dallas. They will be giving a presentation entitled Refining and Natural Gas

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

April 17, 2023

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 filtration in the oil and gas, renewable natural gas (RNG) and marine industries. Trinity Refining & Safety Systems is a

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

April 17, 2023

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 startups transforming the global energy transition. SixLab was founded in 2020 as part Studio X and invests in early stage startups with

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