Dive Brief: Adding one hour of energy storage to wind and solar plants in transmission-constrained regions increases the energy value — based on real-time electricity market prices — of plants near load […]
Solar and batteries steal the show, but world needs more renewables quickly to meet 1.5°C target
The International Energy Agency has highlighted the falling cost of solar and lithium battery technology in its latest World Energy Outlook, which points to a surge in renewable energy deployments, an imminent […]
Global Electricity Demand Is Rising Faster Than Expected, I.E.A. Says
Demand for electricity around the world is rising faster than expected, making it harder for countries to slash their emissions and keep global warming in check, the International Energy Agency said on […]
Why Have Tesla Model S & Model X Sales Crashed?
Going through Kelley Blue Book’s latest data on US EV sales, one thing that jumped out to be was how much Tesla Model S and Model X sales crashed year over year. […]
IEA: ‘Major risks’ to energy security as clean transition gathers pace
On a broad scale, it highlighted the conflicts which have ignited in the Middle East and the ongoing war in Ukraine which have the potential to destabilise fossil fuel supply, as happened […]
U.S. coal exports from the Port of Baltimore rebounded two months after bridge collapse
U.S. coal exports from the Port of Baltimore rebounded at the end of May 2024, according to recently released data from the U.S. Census Bureau. Shipments from the port’s two coal-loading terminals […]
Gas Crunch Looms as Demand Outpaces Supply Growth
Natural gas demand is set to increase more than previously expected, the International Energy Agency reported recently. Demand will remain strong next year as well, the agency predicted, warning that this might […]
US energy transition path currently in line with 2.6 degrees Celsius temperature rise: BNEF
This audio is auto-generated. Please let us know if you have feedback. Dive Brief: The U.S. energy transition is on track to correlate with an additional 2.6 degrees Celsius global temperature rise […]
Platts Survey: OPEC+ Oil Production Drops by 500,000 Bpd
A halt in Libya’s oil production and improved compliance from OPEC’s second-largest producer Iraq pushed the total output of the OPEC+ group down by around 500,000 barrels per day (bpd) in September, […]
US banks largely lagging on implementing best practices for net-zero: report
Dive Brief: An examination of 2030 energy sector targets, exclusion policies and climate-related disclosures for the six major U.S. banks found that — while the entire group has 2050 net-zero targets — […]