High pump prices the result of a suite of market issues and not simply price gouging, study says Energize Weekly, May 18, 2002 Oil companies have been in the crosshairs of lawmakers for either price gouging or not producing enough oil as gasoline pump prices have soared, but a new…
U.S. and European EV sales climb but more chargers will be needed to sustain growth Energize Weekly, May 11, 2022 Electric vehicle (EV) sales in both the U.S. and Europe are posting strong gains, but to reach the market penetration governments are targeting – the Biden administration goal is 50…
Renewable generation making major inroads on the grid in Texas and California Energize Weekly, May 4, 2022 The steady increase in renewable energy generation – primarily wind and solar – is beginning to show signs of dramatically impacting electric grids around the country as it claims a larger and larger…
Biden administration unveils $6 billion program to keep nuclear power plants from closing Energize Weekly, April 27, 2022 The federal government has launched a $6 billion program to support the operation and prevent the closure of any of the nation’s nuclear reactors – seen by the Biden administration as a…
Higher prices and oil market uncertainty spur record activity in the Permian Basin Energize Weekly, April 20, 2022 In a response to high oil prices, rising demand and supply concerns in international oil markets, monthly drilling permits for new wells in the Permian Basin hit a record in March, according…
Supply-chain issues hobble storage projects but installation still set a record in 2021 Energize Weekly, April 13, 2022 Even in the face of supply-chain problems, energy storage installations set a record in the U.S., and the forecasts have domestic and global capacity growing twentyfold by 2030, according to industry analyses.…
Environmental campaign targets Bitcoin miners in an effort to curb greenhouse gases Energize Weekly, April 6, 2022 Environmental groups are taking aim at the power-hungry Bitcoin cryptocurrency seeking to get it to change the way it operates and thereby cut its greenhouse gas emissions. The “Change the Code, Not the…
War in Ukraine scrambles world oil markets, offers a spur to U.S. production Energize Weekly, March 30, 2022 The war in Ukraine is leading to a pinch in Russian oil – through operational problems and sanctions – that could lead to a restructuring of world oil markets and a boost…
Supply chain problems and rising prices are pinching the U.S. solar industry Energize Weekly, March 23, 2022 Facing supply chain problems and rising prices, the U.S. solar industry delayed about a third of its utility-scale capacity in the fourth quarter of 2021, and installations are projected to be down in…
U.S. natural gas production and LNG exports projected to rise as foreign markets grow Energize Weekly, March 16, 2022 Natural gas production in the U.S. is poised to increase through 2050, spurred by exports – with a likely rise in shipments to Europe in the wake of the Russian invasion…
Russian invasion of Ukraine and West’s economic sanctions roil global energy markets Energize Weekly, March 9, 2022 The Russian invasion of Ukraine and the broad sanctions by western nations in its wake are roiling energy markets from Europe to Asia and may lead to structural changes in regional and global…
Global methane emissions seriously under reported, IEA analysis finds Energize Weekly, March 2, 2022 Global energy sector methane emissions are an estimated 70 percent higher than the figures reported by countries to the United Nations, according to the International Energy Agency (IEA). Nations report emissions to the United Nations Framework…
Clean power faced headwinds in 2021 and the pace of installations faltered Energize Weekly, February 23, 2022 Clean power installations – wind, solar and battery storage – were down slightly in 2021 as the various sectors face challenges ranging from tariffs to expiring tax credits to regulatory uncertainty, according to…
New clean generation technology is needed for the West to achieve 100 percent clean electricity Energize Weekly, February 16, 2022 The West could run on 90 percent clean electricity by 2040 with existing renewable generation and storage, but to get to 100 percent, new, clean generation filling the same baseload…
After a record-breaking 2021, global EV sales are set for another surge in 2022 Energize Weekly, February 9, 2022 After a record-breaking 2021, global electric passenger vehicle (EV) sales are poised to surge again in 2022, reaching 10.5 million, a nearly 60 percent annual increase, according to new analyses of…
Cleantech investments soar to a record $755 billion in 2021, BNEF says Energize Weekly, February 2, 2022 A record $755 billion was invested in energy-transition technologies in 2021 – a 27 percent increase over 2020, according to energy consultant BloombergNEF (BNEF). In addition, climate-tech companies raised $165 billion in equity…
A rise in U.S. renewable generation to reduce fossil-fuel electricity in coming years Energize Weekly, January 26, 2022 Generation from renewable energy sources, primarily wind and solar, will reduce fossil-fuel generation over the next two years in the U.S., even as the country’s energy-related carbon dioxide emissions are set to…
Oil and Gas M&A activity rebounds in 2021, but is still off pre-pandemic pace Energize Weekly, January 19, 2022 Oil and gas industry upstream mergers and acquisitions (M&A) rebounded in 2021 rising 25 percent to $66 billion compared to pandemic-hobbled 2020, according to a report by industry analyst Enverus. After…
Western and Midwestern grids may face supply shortfalls as early as this summer, NERC says Energize Weekly, January 12, 2022 The Midwest and Western grids could face shortfalls in electricity supply and generating capacity as early as this summer as baseload plants retire and weather-related disruptions become more common, according…
Pandemic-hobbled economy in 2020 led to the lowest U.S. carbon emissions in 37 years Energize Weekly, January 5, 2022 The COVID pandemic depressed U.S. economic activity so much in 2020 that carbon emissions dropped to their lowest level since 1983, with an 11 percent decrease in emissions over 2019 to…
After two years of belt tightening, shale drillers’ capital budgets are set to rise in 2022 Energize Weekly, December 29, 2021 The shale oil sector’s recent financial recipe of generating cash flow and tamping down capital expenditures may change in 2022 as drilling budgets increase due to factors ranging from…
Renewable and coal-fired power generation surge in 2021 led by India and China Energize Weekly, December 22, 2021 The global profile for electricity generation in 2021 is a tale of surging old and new power as both renewable energy and coal-fired generation are set to reach record highs, according to…
U.S. set to become the world’s largest LNG exporter with Asia and Europe as its biggest customers Energize Weekly, December 15, 2021 The U.S. is poised to become the world’s largest liquified natural gas (LNG) exporter in 2022 with the addition of two new liquefaction units coming online along the…
New York State OKs transmission projects to bring clean energy to New York City Energize Weekly, December 8, 2021 Setting the stage for its biggest transmission initiative in 50 years, New York State has struck agreements for two high-tension lines to bring more than 2 gigawatts of wind, solar and…
U.S. grid ready for winter, NERC says, New England and California may face fuel pinch Energize Weekly, December 1, 2021 Winter electricity-generating resources across the North American grid are forecast to be adequate, although weather and fuel access issues may create challenges for New England, California and parts of Canada.…
EV sales poised to set a record in 2021, forecast to reach a 20 percent market share by 2025 Energize Weekly, November 24, 2021 A booming global electric vehicle (EV) market is forecast to post more than 7 million in sales of battery-electric and hybrid plug-in cars in 2021, double…
Infrastructure bill offers a $30 billion down payment on upgrading the nation’s grid Energize Weekly, November 17, 2021 The federal infrastructure bill signed by President Joe Biden this week, includes a nearly $30 billion down payment in grants and loan authorities to upgrade the nation’s aging and challenged electric grid.…
Global initiatives take aim at ending the use of coal, financing to be trimmed by 99 percent Energize Weekly, November 10, 2021 Global momentum to end of the use of coal-fired generation is growing as more than 40 countries last week pledged to end the use of coal, and key…
Clean tech investment soars in 2021, IEA says it has to go much higher to curb emissions Energize Weekly, November 3, 2021 Clean tech investment, from both the public and private sectors, has been growing rapidly in 2021, but it still may not be fast enough to alter global emissions…
Western U.S. could reap $2 billion in benefits from a regional electricity market Energize Weekly, October 27, 2021 The American West – one of only two regions in the country without a regional electricity market – could see benefits of as much as $2 billion a year by creating a…
Climate-driven weather disasters threaten global energy infrastructure, IEA says Energize Weekly, October 20, 2021 Energy and infrastructure systems built over the last century are becoming more vulnerable to the ravages of climate change-driven extreme weather events, according to a series of reports. “Extreme weather events over the past year have…
World energy consumption to rise 50 percent by 2050 with fossil fuels still dominant, EIA says Energize Weekly, October 13, 2021 Global energy consumption is forecast to increase 50 percent over the next 30 years if no policies or new technologies are introduced to curb demand, according to the U.S.…
Most battery storage is now being paired with solar generation, the EIA says Energize Weekly, October 6, 2021 Battery storage is increasingly being twinned with photovoltaic solar installations, and in the next three years, 63 percent of all projected storage, 9.4 gigawatts (GW), will be co-located with solar arrays, according…
Hydropower output plummets in parched U.S. West with no quick end in sight Energize Weekly, September 29, 2021 The heat wave that blanketed the western United States this summer drained the region’s hydropower output, a situation that will likely continue in 2022 and may even get worse, according to reports…
Oil and gas sector shows recovery in second quarter led by private companies, higher prices Energize Weekly, September 22, 2021 The U.S. onshore oil and gas industry saw the beginnings of a rebound in the second quarter of 2021 buoyed by strong commodity prices, strategic mergers, and increased efficiency, according…
Solar could power 45 percent of U.S. electricity by 2050 with multi-billion dollar investment, DOE says Energize Weekly, September 15, 2021 The U.S. could get 40 percent of its electricity from solar installations by 2035 and 45 percent by 2050 – through $225 to $560 billion in the power grid…
Global EV sales bounce back from the pandemic, set to hit 14 million vehicles by 2025 Energize Weekly, September 8, 2021 Global electric vehicle sales have rebounded from the pandemic with a forecast of reaching 16 percent of all passenger car purchases by 2025, but the pace remains far short…
Clean power capacity surges in second quarter marked by a record rise in energy storage Energize Weekly, September 1, 2021 A record-breaking 5,620 megawatts (MW) of clean power capacity was installed in the second quarter of 2021 with battery storage becoming a bigger portion of the mix, according to an…
U.S. shale sector rebounds in 2021 on higher oil prices and market discipline Energize Weekly, August 25, 2021 After years of red ink and a string of bankruptcies, the U.S. shale oil sector is staging a rebound, buoyed by higher oil prices and continued financial discipline, according to analyses by…
PJM puts transmission upgrades for onshore renewables and offshore wind at up to $3.2 billion Energize Weekly, August 18, 2021 The PJM Interconnection – the nation’s largest grid operator – estimates that it will take between $2.2 billion and $3.2 billion in new transmission investments by 2035 to accommodate the…
Global clean energy technology investment reached a record $500 billion in 2020 Energize Weekly, August 11, 2021 Global investment in clean energy technologies reached a record $501.3 billion in 2020, with renewable energy generation accounting for 60 percent of the total, according to a BloombergNEF analysis. The 2020 figure represents…
Incentives, reliability concerns spur adoption of home solar+storage, but not economics Energize Weekly, August 4, 2021 The twinning of residential solar arrays and batteries, which rose from near zero in 2016 to about 550 megawatts (MW) of combined storage by 2020, is being driven by government and utility incentives and…
Global coal-fired generation rebounds in 2021 with continued expansion in some countries Energize Weekly, July 28, 2021 Global coal-fired electricity generation is making a rebound in 2021 as billions of dollars in government support continue to flow to the sector and new coal-fired plants are being built or planned around…
Oil industry mergers and acquisitions bounce back in the second quarter of 2021 Energize Weekly, July 21, 2021 Mergers and acquisitions among oil and gas producers rebounded in the second quarter of 2021 with more than 40 deals totaling $33 billion, with seven deals each worth more than $1 billion,…
Western drought hurts hydropower production, California among the hardest hit states Energize Weekly, July 14, 2021 The drought conditions smothering the West are crippling hydropower production with hydro-generation’s share of energy production forecast to be 6.5 percent this year – the lowest it has been since 2015, according to the…
More than half the U.S. faces electricity supply problems in the face of a long, hot summer Energize Weekly, July 7, 2021 More than half the U.S. – primarily in the West, Texas, Midwest and to a lesser extent, New England – is at risk of energy emergencies this summer,…
IOUs cut carbon emissions in 2020, though the footprint remains big for some Energize Weekly, June 30, 2021 Coal-fired generation and carbon emissions are down among the largest investor-owned utilities, but even with sharp drops in emissions, the carbon footprint for some companies remains large, according to survey data from…
Solar installations break records in Q1 of 2021, but face rising costs and supply chain issues Energize Weekly, June 23, 2021 A record-breaking 5 gigawatts (GW) of solar capacity was installed in the first quarter of 2021, pushing total installed U.S. capacity to 100 GW – more than doubling in…
North Carolina joins other East Coast states in push for 36 gigawatts of offshore wind Energize Weekly, June 16, 2021 North Carolina is the latest state to set big offshore wind power goals – 2.8 gigawatts (GW) of generation by 2020 and 8 GW by 2040 – joining seven other…
U.S. shale oil companies keeping production and budgets tight 2021 and beyond Energize Weekly, June 9, 2021 U.S. shale drillers are continuing to limit production and spending with the return to pre-pandemic levels years off, according to Oslo-based energy analyst Rystad Energy. Oil output is projected to drop 5.2 percent, about…
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