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 said the IRA has created…
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 to industry consultant Rystad Energy.…
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 shut down when their remote…
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 – are also setting records.…
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. “This trend reflects the greater…
U.S. energy sector employment rebounds after pandemic led by the oil and gas sector Energize Weekly, July 19, 2023 Energy sector jobs in the U.S. rebounded from the pandemic by 2022, outpacing national job growth. While clean energy jobs grew fastest overall, the lion’s share of new jobs was in oil and gas, according to…
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 an analysis by BloombergNEF (BNEF).…
Colorado and Wyoming, at odds over energy policy, find common ground on carbon capture Energize Weekly, July 5, 2023 When it comes to energy policy, there isn’t a lot that Wyoming and Colorado see eye to eye on, but the two neighbors have common ground on capturing carbon dioxide from the air. Wyoming Gov. Mark…
U.S. solar industry sets record in the first quarter of 2023 but faces a host of challenges Energize Weekly, June 28, 2023 After a record-setting first quarter in 2023, the U.S. solar industry is poised for rapid growth while facing a spate of challenges including system underperformance, labor shortages and the risk posed by extreme…
Global oil and gas investment rises even as demand slows risking overcapacity in the sector Energize Weekly, June 21, 2023 Global demand for oil is set to slow in the next five years even as investment in oil industry infrastructure is projected to grow, risking an overcapacity in production, according to the International Energy Agency…
Local opposition to wind and solar development growing across the country, survey finds Energize Weekly, June 14, 2023 The number of local regulations on renewable energy projects, which could hamper, delay or block development, is on the rise in the U.S., according to a report by the Columbia University Sabin Center for Climate Change Law.…
Storage battery installations surge in first quarter of 2023 led by Texas and California Energize Weekly, June 7, 2023 Total battery storage installations in the U.S. are surging with first quarter 2023 capacity up 52 percent to 10.8 gigawatts (GW) with another 3.2 GW slated for the second quarter, according to S&P Global Commodity Insights.…
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