EUCI Blog

By Mark Jaffe, EUCI energy writer Growth in spending and production in the U.S. oil industry are projected to slow over the next few years, after a boom in drilling and capital spending between 2015 and 2024, according to an International Energy Agency (IEA) analysis. Upstream oil investments are on track to fall by nearly…

By Mark Jaffe, EUCI energy writer The solar industry posted a solid first quarter in 2025, but is already seeing a slowdown that will continue through 2030 due to federal tax and tariff policies, according to a Wood Mackenzie-Solar Energy Industries market analysis. The industry installed 10.8 gigawatts (GW) of solar generating capacity in the…

By Mark Jaffe, EUCI energy writer The U.S. Department of Energy (DOE) has canceled $3.7 billion in grants to industries aimed at cutting carbon emissions and improving energy efficiency at facilities ranging from cement kilns to a ketchup factory. “DOE found that these projects failed to advance the energy needs of the American people, were…

By Mark Jaffe, EUCI energy writer The repeal of renewable energy tax credits, part of the proposed Republican budget bill, would lead to a 15% decline in wind, solar, and battery storage capacity by 2035 and an increase in wholesale and retail electricity prices, according to an S&P Global forecast. “As renewable generators lose the…

By Mark Jaffe, EUCI energy writer Wholesale electricity prices in the U.S. are projected to rise by an average 12% this summer, and while the margin between demand and generation capacity will be thinner, there should be adequate capacity, according to a Federal Energy Regulatory Commission (FERC) assessment. Electricity demand this summer is expected to…

By Mark Jaffe, EUCI energy writer Electricity consumption in the U.S. is forecast to reach an all-time high by 2026, driven mainly by commercial and industrial demand, according to the federal Energy Information Administration (EIA). During the same 2025-2026 period, retail electricity prices are set to increase from 13% to 18%, depending on the region,…

By Mark Jaffe, EUCI energy writer The combination of coal-fired power plant closures, spurred by state and federal initiatives, and generous tax credits for new electric generation under the Inflation Reduction Act created a flood in renewable energy projects now waiting to get connected to the grid. “The surge in investment and development has overwhelmed…

By Mark Jaffe, EUCI energy writer In the face of tariffs and economic and political uncertainties, the performance of clean energy technologies remains robust with 59 gigawatts (GW) of renewable generation and 31 GW of battery storage set to be installed in 2025, according to two market reports. “Investors and businesses navigating the energy transition…

By Mark Jaffe, EUCI energy writer Upstream oil and gas mergers and acquisitions opened 2025 with $17 billion in deals, the second-best start since 2018, but it was largely powered by one company. Prospects for the rest of the year are uncertain, according to Enverus Intelligence Research. Diamondback Energy dominated the quarter with its $4.08…

By Mark Jaffe, EUCI energy writer As data centers multiply and with them a sharp increase in the demand for electricity, nuclear power is poised for a resurgence providing as much as 10% of data center power in the next decade, according to a report by Deloitte. “Nuclear energy presents a potential solution for meeting…

By Mark Jaffe, EUCI energy writer The Trump administration’s goal of “energy dominance” and its mantra of “drill, baby, drill” have run into production limitations, economic uncertainty caused by the administration’s tariff policies, and increased output from OPEC+. In his first weeks in office, President Donald Trump issued executive orders to speed permitting, reduce regulations,…

By Mark Jaffe, EUCI energy writer In the last 10 years more than $230 billion has flowed into energy startups, but in the face of economic and political uncertainty, that funding stream has slowed, according to the International Energy Agency (IEA). Between 2015 and 2022, funding for a broad range of startups rose 570%, but…