We forecast natural gas consumption by the U.S. electric power sector this summer will remain near recent highs and set a record next summer in our May Short-Term Energy Outlook (STEO). Despite […]
PI News Feed
Vanadium Batteries Could Break Lithium’s Grip on Energy Storage
next-gen battery systems that form the future of energy storage and break lithium’s chokehold on global clean energy tech supply chains. The batteries show particular promise for energy storage applications, and could […]
Public Service Commission Passes Georgia Power’s Costs to Ratepayers
ATLANTA — Today, despite the efforts of two commissioners, the Georgia Public Service Commission agreed to allow Georgia Power to continue automatically passing along all of its fuel costs to ratepayers rather […]
The direct air capture debate is missing the point
As Occidental Petroleum and BlackRock prepare to bring Stratos — the world’s largest direct air capture plant — online in the Permian Basin, a familiar debate has reignited: Does direct air capture […]
Supermajor Warns Oil Prices Could Hit $160 Within Weeks
Just about two months ago, JPMorgan did the math on "How Long Before The World Hits Crude Oil Operational Minimum." The punchline was that while the market can hold hundreds of millions […]
The Economic Path to Climate Justice
Policymakers have used the concept of a “just transition” to make a morally and emotionally compelling case for decarbonization. But the experiences of Ethiopia, Pakistan, and South Africa show that rapid renewable-energy […]
A Searing Asian Summer Will Add to Risk of Surging Gas Prices
As the global gas market grapples with the Strait of Hormuz being all-but closed for nearly three months, traders are fixated on two wildcards: China and the weather. Summer forecasts are pointing […]
Australia awards 7.8GW of renewable energy under Capacity Investment Scheme Tender 7
Eight of the 19 selected projects are hybrid developments, combining wind or solar generation with battery storage to deliver over 2GW/7.9GWh of storage to the grid. The hybrid projects reflect the continued […]
Oil market at ‘tank bottoms’ in Asia, and Europe isn’t far behind, warns market veteran Jeff Currie
Cracking towers stand beside access roads at the Ruwais refinery and petrochemical complex, operated by Abu Dhabi National Oil Co. (ADNOC), in Al Ruwais, United Arab Emirates. Bloomberg | Bloomberg | Getty […]
Strait of Hormuz Crisis Triggers Global Fertilizer Supply Shock
The closed Strait of Hormuz has created a major fertilizer shock and threatens food security in developing nations as sulfur and phosphate exporters from the Middle East struggle to ship supply to […]
Prometheus Institute 