Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says

Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says

Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says Energize Weekly, June 19, 2024 The scale and speed of the energy transition risks project delays and setbacks leading to cost overruns of 15 percent to 20 percent, equal to $150 billion a…

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U.S. natural gas output rises as methane emissions fall, pointing to pollution control gains

U.S. natural gas output rises as methane emissions fall, pointing to pollution control gains

U.S. natural gas output rises as methane emissions fall, pointing to pollution control gains Energize Weekly, June 12, 2024 U.S. natural gas production rose by 40 percent between 2015 and 2020, while methane emissions from drilling and extraction fell by 37 percent – pointing to significant gains in pollution control,…

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AI is poised to drive a doubling in data center electricity demand by 2030, studies say

AI is poised to drive a doubling in data center electricity demand by 2030, studies say

AI is poised to drive a doubling in data center electricity demand by 2030, studies say Energize Weekly, June 5, 2024 Data centers, spurred by increased artificial intelligence applications, could double their demand for electricity in the U.S. reaching 9.1 percent of the nation’s electricity load by 2030, according to…

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A record hurricane season may pose risks to Gulf oil production, refining and LNG exports

A record hurricane season may pose risks to Gulf oil production, refining and LNG exports

A record hurricane season may pose risks to Gulf oil production, refining and LNG exports Energize Weekly, May 29, 2024 The prospect of a record-breaking hurricane season in 2024 poses risks for U.S. oil and gas production, refining and liquefied natural gas (LNG) exports, according to the federal Energy Information…

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FERC adopts sweeping transmission planning regulations with the aim of speeding projects

FERC adopts sweeping transmission planning regulations with the aim of speeding projects

FERC adopts sweeping transmission planning regulations with the aim of speeding projects Energize Weekly, May 22, 2024 The Federal Energy Regulatory Commission (FERC) adopted a sweeping new regulation, on May 13, aimed at spurring the planning and construction of new transmission lines to meet the growing needs of the nation’s…

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Replacing old coal-fired plants with small nuclear reactors could be an economic boon

Replacing old coal-fired plants with small nuclear reactors could be an economic boon

Replacing old coal-fired plants with small nuclear reactors could be an economic boon Energize Weekly, May 8, 2024 The steady pace of coal-fired plant closures in the U.S. is leaving gaps in the economies of dozens of communities and creating risks to electricity reliability. One solution addressing multiple problems could…

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Oil and gas mergers set to cool after a hot first quarter in 2024 with $51 billion in deals

Oil and gas mergers set to cool after a hot first quarter in 2024 with $51 billion in deals

Oil and gas mergers set to cool after a hot first quarter in 2024 with $51 billion in deals Energize Weekly, May 1, 2024 Mergers and acquisitions (M&A) in the U.S. upstream oil and gas sector in the first quarter of 2024 kept up last year’s record-setting pace with $51…

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New LNG facilities boost U.S. exports even as Biden administration pauses new approvals

New LNG facilities boost U.S. exports even as Biden administration pauses new approvals

New LNG facilities boost U.S. exports even as Biden administration pauses new approvals Energize Weekly, April 24, 2024 Bolstered by new of liquefied natural gas (LNG) export terminals, U.S. natural gas exports are projected to grow more than 25 percent by 2025 to 16.4 billion cubic feet a day, according…

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Reconductoring transmission lines could be one solution to the growing demands on the grid

Reconductoring transmission lines could be one solution to the growing demands on the grid

Reconductoring transmission lines could be one solution to the growing demands on the grid Energize Weekly, April 17, 2024 Faced with a soaring demand for transmission capacity in the U.S. and a dwindling number of new transmission projects, one strategy could be to upgrade the existing transmission network to carry…

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Tri-State G&T faced with co-ops leaving and a stalled rate increase sees bond ratings drop

Tri-State G&T faced with co-ops leaving and a stalled rate increase sees bond ratings drop

Tri-State G&T faced with co-ops leaving and a stalled rate increase sees bond ratings drop Energize Weekly, April 10, 2024 Facing the departure of four member cooperatives and the failure to get federal regulators to approve a rate increase, Tri-State Generation and Transmission Association bonds were downgraded by two rating…

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Baltimore bridge collapse likely to pinch coal exports and energy-related imports

Baltimore bridge collapse likely to pinch coal exports and energy-related imports

Baltimore bridge collapse likely to pinch coal exports and energy-related imports Energize Weekly, April 4, 2024 The collapse of the Francis Scott Key Bridge, after being hit by a container vessel, has blocked the Port of Baltimore, throttling imports and exports of a wide range of goods, including cars, sugar,…

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The U.S. is facing an “unprecedented” shortage of electric transformers, NREL says

The U.S. is facing an “unprecedented” shortage of electric transformers, NREL says

The U.S. is facing an “unprecedented” shortage of electric transformers, NREL says Energize Weekly, March 27, 2024 The U.S. is facing an “unprecedented” shortage of electric distribution transformers creating challenges for the nation’s utilities, according to a study by the National Renewable Energy Research Laboratory (NREL). The nation’s grid faces…

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Methane emissions were flat in 2023 but still too high to curb climate change, IEA says

Methane emissions were flat in 2023 but still too high to curb climate change, IEA says

Methane emissions were flat in 2023 but still too high to curb climate change, IEA says Energize Weekly, March 20, 2024 Methane emissions from the production and use of fossil fuels reached 20 million tons in 2023, and while levels have been generally flat for the past five years, they…

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Poor grid interconnection policies are causing project backups across the U.S., study says

Poor grid interconnection policies are causing project backups across the U.S., study says

Poor grid interconnection policies are causing project backups across the U.S., study says Energize Weekly, March 6, 2024 The grid interconnection process in the U.S. is so “dysfunctional” that more than two million megawatts of generation and storage are waiting to be hooked up, according to an analysis by Advanced…

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Natural gas-fired generation, the backbone of U.S. electricity generation, varies by region

Natural gas-fired generation, the backbone of U.S. electricity generation, varies by region

Natural gas-fired generation, the backbone of U.S. electricity generation, varies by region Energize Weekly, February 28, 2024 Natural gas generation is the largest source of electricity in the U.S. and is used across the country, but the scale and efficiency of that generation varies region by region, according to an…

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Growing electricity demand from electric vehicles poses risks to the bulk power system, NERC says

Growing electricity demand from electric vehicles poses risks to the bulk power system, NERC says

Growing electricity demand from electric vehicles poses risks to the bulk power system, NERC says Energize Weekly, February 21, 2024 The growing demand for electricity to charge electric vehicles (EVs) – depending upon the timing of the charging – could threaten the bulk power system, according to a study by…

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Facing a growing crypto-mining sector, the U.S. to require reports of power use by miners

Facing a growing crypto-mining sector, the U.S. to require reports of power use by miners

Facing a growing crypto-mining sector, the U.S. to require reports of power use by miners Energize Weekly, February 14, 2024 Faced with a burgeoning cryptocurrency market and its rising demand for electricity, the U.S. government is going to collect monthly data on the industry’s use of power. The federal Energy…

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Global investment in clean tech and energy transition reached a record $1.8 trillion in 2023

Global investment in clean tech and energy transition reached a record $1.8 trillion in 2023

Global investment in clean tech and energy transition reached a record $1.8 trillion in 2023 Energize Weekly, February 7, 2024 Global investments in the energy transition from fossil fuels to clean tech climbed 17 percent in 2023 to a record $1.8 trillion, according to a study by the energy research…

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Record M&A in the fourth quarter of 2023 is driven by ExxonMobil and Chevron deals

Record M&A in the fourth quarter of 2023 is driven by ExxonMobil and Chevron deals

Record M&A in the fourth quarter of 2023 is driven by ExxonMobil and Chevron deals Energize Weekly, January 31, 2024 Upstream oil and gas mergers and acquisitions hit a record $144 billion in the fourth quarter of 2023 driven by two mega-deals – ExxonMobil’s $65 billion acquisition of Pioneer Natural…

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Solar generation continues expand rapidly on the U.S. grid while coal continues its decline

Solar generation continues expand rapidly on the U.S. grid while coal continues its decline

Solar generation continues expand rapidly on the U.S. grid while coal continues its decline Energize Weekly, January 17, 2024 Solar and coal-fired electricity generation are continuing to head in opposite directions over the next two years with solar being the leading source of new generation and coal activity falling to…

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Coordination of Texas electric and natural gas sectors key in dealing with blackouts

Coordination of Texas electric and natural gas sectors key in dealing with blackouts

Coordination of Texas electric and natural gas sectors key in dealing with blackouts Energize Weekly, January 10, 2024 Better coordination between the Texas electric and natural gas industries is key to getting individual generating facilities up and running – a so-called blackstart – after a cold-weather blackout, according to a…

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FERC sets exit fee formula ending four-year battle between Tri-State G&T and its largest co-op

FERC sets exit fee formula ending four-year battle between Tri-State G&T and its largest co-op

FERC sets exit fee formula ending four-year battle between Tri-State G&T and its largest co-op Energize Weekly, January 3, 2024 After a four-year battle over how much it will cost the Colorado electric cooperative United Power to leave its wholesale power provider, Tri-State Generation and Transmission Association, federal regulators settled…

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New manufacturing facilities and data centers are driving increased electricity demand

New manufacturing facilities and data centers are driving increased electricity demand

New manufacturing facilities and data centers are driving increased electricity demand Energize Weekly, December 27, 2023 The U.S. electric grid is ill-prepared for a surge in demand coming from new manufacturing, data centers and in future years, electrification of transport and building heating. Meanwhile, the queue of generation projects waiting…

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Major oil companies atop a cash-flow wave reduce debt, increase shareholder payouts

Major oil companies atop a cash-flow wave reduce debt, increase shareholder payouts

Major oil companies atop a cash-flow wave reduce debt, increase shareholder payouts Energize Weekly, December 20, 2023 The world’s five largest oil companies, riding a wave of high energy prices, pulled in $613 billion in cash flow between January 2021 and September 2023, which they used to reduce debt and…

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Solar generating capacity to set a record 33 gigawatts of new installations in 2023

Solar generating capacity to set a record 33 gigawatts of new installations in 2023

Solar generating capacity to set a record 33 gigawatts of new installations in 2023 Energize Weekly, December 13, 2023 Bolstered by a strong third quarter, a record 33 gigawatts (GW) of solar capacity were installed in 2023, even as the sector faces headwinds in 2024, according to a market report.…

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IEA takes aim at oil and gas sector at COP28, industry offers an agreement to cut methane

IEA takes aim at oil and gas sector at COP28, industry offers an agreement to cut methane

IEA takes aim at oil and gas sector at COP28, industry offers an agreement to cut methane Energize Weekly, December 6, 2023 As the climate conference – COP28 – opened in Dubai, the International Energy Agency (IEA) fired a shot across the bow of the oil industry with an analysis…

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Clean energy jobs growth worldwide surpasses fossil-fuel sector jobs which saw a decline

Clean energy jobs growth worldwide surpasses fossil-fuel sector jobs which saw a decline

Clean energy jobs growth worldwide surpasses fossil-fuel sector jobs which saw a decline Energize Weekly, November 29, 2023 Clean energy employment is growing more rapidly than fossil-fuel jobs across the globe and accounted for the majority of the 67 million jobs in the energy sector in 2022, according to an…

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Global LNG market stable for this winter, but there will be more volatility down the road

Global LNG market stable for this winter, but there will be more volatility down the road

Global LNG market stable for this winter, but there will be more volatility down the road Energize Weekly, November 22, 2023 Ample gas inventories in the U.S. and Europe and increased liquified natural gas (LNG) export and import capacity will likely meet global needs this winter, but growing demand over…

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Fossil-fuel producing countries set to blow past climate targets for oil, natural gas, and coal

Fossil-fuel producing countries set to blow past climate targets for oil, natural gas, and coal

Fossil-fuel producing countries set to blow past climate targets for oil, natural gas, and coal Energize Weekly, November 15, 2023 Fossil-fuel producing countries are set to turn out double the amount of coal, oil, and natural gas between now and 2050 needed to keep the increase in global warming to…

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Clean power installations set a Q3 record even as the sector faces headwinds

Clean power installations set a Q3 record even as the sector faces headwinds

Clean power installations set a Q3 record even as the sector faces headwinds Energize Weekly, November 8, 2023 New clean power utility-scale installations set a record in the third quarter of 2023, bringing online 5.6 gigawatts (GW) of generation and storage capacity, even as the sector was coping with troubling…

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U.S. DOE awards $3.5 billion for 58 projects to make electric grids safer and more resilient

U.S. DOE awards $3.5 billion for 58 projects to make electric grids safer and more resilient

U.S. DOE awards $3.5 billion for 58 projects to make electric grids safer and more resilient Energize Weekly, October 25, 2023 The U.S. Department of Energy (DOE) has made $3.5 billion in grants to utilities in 44 states to improve grid reliability and to take measures to meet the risks…

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EVs could capture 80 percent of new car sales in China, Europe, and the U.S. by 2030

EVs could capture 80 percent of new car sales in China, Europe, and the U.S. by 2030

EVs could capture 80 percent of new car sales in China, Europe, and the U.S. by 2030 Energize Weekly, October 11, 2023 While it took six years for electric vehicles (EVs) to climb to from 1 percent to 10 percent of the passenger car market, in another seven, they could…

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Favorable economics, the need for new reserves boost global oil exploration investments

Favorable economics, the need for new reserves boost global oil exploration investments

Favorable economics, the need for new reserves boost global oil exploration investments Energize Weekly, October 3, 2023 Global oil and gas exploration and production investments are set for a big rebound, according to energy analysts Wood Mackenzie and Rystad Energy. While not reaching the levels of the 2006-to-2014 boom years,…

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U.S. solar installations to set a record in 2023 despite tariff, supply chain, and funding uncertainties

U.S. solar installations to set a record in 2023 despite tariff, supply chain, and funding uncertainties

U.S. solar installations to set a record in 2023 despite tariff, supply chain, and funding uncertainties Energize Weekly, September 27, 2023 Solar installations in the U.S. are poised to reach a record 32 gigawatts (GW) of new capacity in 2023, a 52 percent increase over last year, even as the…

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Increased U.S. natural gas production in 2023 is boosting LNG and ethane exports

Increased U.S. natural gas production in 2023 is boosting LNG and ethane exports

Increased U.S. natural gas production in 2023 is boosting LNG and ethane exports Energize Weekly, September 20, 2023 Record U.S. natural gas production in 2023 is leading to a record ethane production and liquified natural gas (LNG) exports, according to the federal Energy Information Administration (EIA). The EIA is forecasting…

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Losing member co-ops, Tri-State seeks to sell its electricity on the wholesale power market

Losing member co-ops, Tri-State seeks to sell its electricity on the wholesale power market

Losing member co-ops, Tri-State seeks to sell its electricity on the wholesale power market Energize Weekly, September 13, 2023 Tri-State Generation and Transmission Association, a wholesale power supplier for rural electric cooperatives, is seeking to sell excess power on the open market as it loses some of its biggest members.…

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Solar panel shipments set a record in 2022 but uncertainty over tariffs loom in the future

Solar panel shipments set a record in 2022 but uncertainty over tariffs loom in the future

Solar panel shipments set a record in 2022 but uncertainty over tariffs loom in the future Energize Weekly, September 6, 2023 Solar photovoltaic panel shipments in the U.S. rose 10 percent in 2022 year-over-year, setting an annual record of 31.7 million peak kilowatt-hours of modules, with 88 percent of the…

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Global oil and gas exploration spending is up at $50 billion in 2023 but reserves are down

Global oil and gas exploration spending is up at $50 billion in 2023 but reserves are down

Global oil and gas exploration spending is up at $50 billion in 2023 but reserves are down Energize Weekly, August 30, 2023 Conventional oil and gas exploration is on the upswing and spending is expected to reach $50 billion in 2023 – the highest in five years – but discovered…

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Inflation Reduction Act could unleash $3 trillion in renewable energy investments

Inflation Reduction Act could unleash $3 trillion in renewable energy investments

Inflation Reduction Act could unleash $3 trillion in renewable energy investments Energize Weekly, August 23, 2023 The $1.2 trillion in incentives proposed under the U.S. Inflation Reduction Act (IRA) will spur about $3 trillion investment in renewable energy technology over the next decade, according to Goldman Sachs Research. Goldman Sachs…

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A surge in carbon capture and storage projects brings promise, mergers and challenges

A surge in carbon capture and storage projects brings promise, mergers and challenges

A surge in carbon capture and storage projects brings promise, mergers and challenges Energize Weekly, August 16, 2023 Initiatives in the carbon capture market are surging with new projects, acquisitions, and a swell in government funding, but the sector could face challenges in permitting, capital costs and adequate subsidies, according…

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Cyberattacks on the power grid are on the rise as utilities seeking security play catch-up

Cyberattacks on the power grid are on the rise as utilities seeking security play catch-up

Cyberattacks on the power grid are on the rise as utilities seeking security play catch-up Energize Weekly, August 9, 2023 In the summer of 2022, the Colorado Springs Utilities alerted its customers that their data from its system had been hacked. Several months later, 2,000 wind turbines in Germany were…

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Global temperatures are rising in 2023 and so is worldwide consumption of coal and oil

Global temperatures are rising in 2023 and so is worldwide consumption of coal and oil

Global temperatures are rising in 2023 and so is worldwide consumption of coal and oil Energize Weekly, August 2, 2023 As the world sizzles, with July the hottest month on Earth since records have been kept, consumption of coal and oil – the two main sources of climate-warming greenhouse gases…

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Congestion on the U.S. electric grid added $20.8 billion in costs in 2022

Congestion on the U.S. electric grid added $20.8 billion in costs in 2022

Congestion on the U.S. electric grid added $20.8 billion in costs in 2022 Energize Weekly, July 26,2023 The increasingly choked U.S. electric grid – sometimes preventing the cheapest generation from getting online – cost consumers $20.8 billion in 2022, a 55 percent year-over-year increase, according to utility consultant Grid Strategies.…

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Global EV sales set to triple by 2026 led by China, Europe, and the U.S.

Global EV sales set to triple by 2026 led by China, Europe, and the U.S.

Global EV sales set to triple by 2026 led by China, Europe, and the U.S. Energize Weekly, July 12, 2023 Electric vehicle (EV) sales are projected to almost triple between 2022 and 2026, reaching nearly 27 million vehicles as the technology pushes beyond automobiles to trucks and buses, according to…

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