Data source: U.S. Energy Information Administration, State Energy Data System Note: GDP=gross domestic product In 2021, the amount U.S. consumers spent on energy (energy expenditures) grew to over $1.3 trillion when adjusted for inflation, a […]
Saudi Arabia’s Budget Deficit Jumps By 80% Due To Lower Oil Revenues
Higher expenditures on diversification from oil amid lower oil export revenues resulted in a widening budget deficit in Saudi Arabia, the world’s largest crude oil exporter. Saudi government deficit jumped by 80% […]
Batteries Now Can Replace Old Power Plants
Most of the oldest fossil fuel power plants in the United States are located near or in cities, making it more urgent — and more difficult — to shut them down. Now, […]
First new U.S. nuclear reactor since 2016 is now in operation
A new reactor at Georgia’s Vogtle nuclear power plant is now in commercial operation, according to an announcement from Georgia Power, one of the plant’s owners. It is the first new nuclear […]
Young workers are flocking to renewable jobs, but the sector remains short on labor, reports show
This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Two new reports examining hiring and recruitment data for companies in the renewable energy sector show them ramping […]
Dwindling Rig Count May Finally Lead To Lower Shale Oil Output
Despite record U.S. oil production last year, output this year is set to decline, with the oil rig count dropping over the last three months. The U.S. saw increased activity in its […]
World EV Sales Now 19% Of World Auto Sales!
Global plugin vehicle registrations were up 38% in June 2023 compared to June 2022, rising to 1,260,00 units. In the end, plugins represented 19% share of the overall auto market (13% BEV […]
FERC publishes new guidance for US grid interconnections
“This new rule will enable America’s vast power generation resources to connect to the grid in a reliable, efficient, transparent and timely manner, and in doing so, help provide more reliable, resilient […]
Incandescent lightbulbs are now banned in the US
The Department of Energy (DOE) rules around lightbulbs have long been a lightning rod of sorts in American politics. Former president Barack Obama tried to phase out inefficient bulbs, but his successor […]
Geothermal Energy: The Hot New Trend In Renewable Power
An increasing number of countries are exploring the potential to develop their geothermal energy capacity as governments look to expand their energy portfolios to include a broader range of renewable sources. As […]
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