CNBC China is leading the way when it comes to lithium — and the rest of the world has not been quick enough to respond to its dominance, according to the CEO of American Lithium. Speaking to CNBC’s “Squawk Box Europe” Monday, Simon Clarke discussed how China had secured its position of strength within the industry. “I just think the
Nasdaq Nov 18 – The White House announced through the Department of Energy (DOE) on Friday that it is soliciting grant applications for $13 billion in new financing under the bipartisan infrastructure bill for the expansion and modernization of the U.S. electric grid. The $1.2 trillion infrastructure law, passed last year, provides $10.5 billion to harden power systems against growing threats
Oil Price As the capacity to generate wind and solar power continues to expand around the world, hopes of accelerating the phase-out of coal as the leading source of electricity may depend on the expansion of a less discussed but equally important part of the energy supply chain: electricity grids. Countries around the world are working to shift to more sustainable
Reuters In a February meeting with mining executives, President Joe Biden laid out an aggressive goal for the United States to produce more of its own minerals for the electric vehicle revolution in ways that respected the environment. A “big part” of those efforts, the president said, was Berkshire Hathaway Inc’s plan to filter lithium from superhot geothermal brines
Oil Price Several Democratic Representatives have proposed new legislation that would allow the Department of Energy to buy and sell oil with the purpose of lowering gasoline prices and funding electric vehicle charging infrastructure. Congressman Frank Pallone, Jr. introduced on Monday the Buy Low and Sell High Act, new legislation under which an Economic Petroleum Reserve would be created. The
Oil Price California has made yet another step on its way to complete reliance on renewable energy by banning the use of gas-powered water heaters and furnaces from 2030. The proposal to ban these products was approved unilaterally by the California Air Resources Board yesterday, Bloomberg reports. “We’re really hopeful that this is the beginning of a domino effect and
CNBC An all-electric future depends heavily on copper, and looming supply shortfalls could hamper nations’ goals of reaching net-zero emissions by 2050, according to a new report from S&P Global. Unless significant new supply becomes available, climate goals will be “short-circuited and remain out of reach,” the report says. Electric vehicles, solar and wind power, and batteries for energy
Yahoo News LONDON- – U.S. energy tech firm Wildcat Discovery Technologies said on Wednesday that it has raised $90 million from investors to develop a high energy density battery cell for electric vehicles. The Series D funding round was led by Koch Strategic Platforms, the investment arm of industrial conglomerate Koch Industries, and included investments from Eastman Kodak and venture
Reuters The power grid in the Central United States could be forced to impose rotating blackouts on some of the hottest days of the summer due to rising demand and plant retirements, federal energy officials said in an online energy comment on Friday. Extreme weather is causing increasing challenges for power grids across the United States, and officials are concerned
US News Power demand in Texas reached the highest level ever recorded in the month of May on Tuesday and will likely break the record for June on Wednesday as economic growth boosts overall usage and hot weather causes homes and businesses to crank up their air conditioners. The Electric Reliability Council of Texas (ERCOT), which operates the grid for
Yahoo News The Texas power grid will be tested again early next week as another early spring heatwave blankets the state this weekend, prompting homes and businesses to crank up their air conditioners. The Electric Reliability Council of Texas (ERCOT), which operates the grid for most of the state, has said it expects to have enough electricity to meet demand.
Publisher’s Note: We were honored to host Chesapeake Energy CEO Nick Dell’Osso for EnerCom Dallas’ Day 1 keynote address on Wednesday April 6th. Mr. Dell’Osso provided a compelling and detailed presentation on the challenging supply-demand outlook for global energy markets. The presentation was informative and timely, given the recent surge in commodity prices, heated political rhetoric on the topic, and the
