The world needs to spend at least $US12 trillion, or more than $A18 trillion, over the next six years on renewables and grid infrastructure if it is to meet the climate targets […]
US seeks to standardise acquisition of DER aggregation services
The North American Energy Standards Board (NAESB) is looking to develop a standardised contract model for the acquisition of distribution services from DER aggregations. At the request of the US Department of […]
Norway’s Top Oilfield Could Hit Peak Production by Year-End
The Johan Sverdrup oilfield in Norway, Western Europe’s biggest oilfield which came online in 2019, will likely reach peak production rates by late 2024, earlier than expected, Upstream reported on Tuesday. While this is […]
Barclays Halts Financing of Upstream Expansion
Barclays has said it will no longer finance upstream oil and gas expansion projects or related infrastructure. According to the bank’s updated climate change statement, it will no longer provide project finance […]
Giant four-hour battery lands “biggest”debt financing for an Australia big battery
The owners of a giant four-hour battery project on the outskirts of Melbourne say they have closed the “largest” non-recourse debt financing package for an Australian grid scale big battery, and the […]
Germany To Replace Nuclear With Natural Gas Plants for $16B
Last April, Germany shut down its last three nuclear power stations, marking the end of the country’s atomic age. The controversial decision came at a time when Europe and the German public […]
U.S. Merger Boom Could Slow Shale Production Growth
Some private oil producers in the Permian will hit the brakes on output growth as they have been acquired by large publicly traded companies, which now value returns to shareholders more than […]
From Coal to Clean: The Economic Challenge of Shifting Energy Paradigms
A total switch to renewable energy is going to wreak havoc on job markets in the United States. In some places, this will be a great thing – huge numbers of well […]
New study suggests the Atlantic overturning circulation AMOC “is on tipping course”
A new paper was published in Science Advances today. Its title says what it is about: “Physics-based early warning signal shows that AMOC is on tipping course.” The study follows one by […]
Connecticut Green Bank more than doubles funding for commercial-scale solar projects to US$110 million
The green bank also announced that its Solar Marketplace Assistance Program has received additional funding, with its support tripling from US$20 million to US$60 million. The programme aims to assist “state properties […]
Prometheus Institute 