Prometheus Institute

Switch from coal by China and other Asian countries will drive increase, says report via Financial Times – Energy https://ift.tt/nSj1ako

Saudi Aramco’s decision to halt an expansion of its output capacity is because of the energy transition, Energy Minister Prince Abdulaziz bin Salman said. Aramco isn’t necessarily abandoning the expansion, and Saudi […]

This impressive expansion of the utility-scale market over the past four years has occurred despite significant headwinds. The US solar market has weathered the same ‘perfect storm’ of a global pandemic, a […]

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 […]

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 […]

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 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 […]

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 […]

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 […]

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 […]