To meet the rising demand for energy and the increase in global renewable energy capacity, there is a clear need to expand critical mineral mining activities. Mining for metals and minerals, such as cobalt, copper, and lithium, has increased significantly in recent years and is expected to keep rising in …
Read More »The Hidden Price of “Cheap” Russian Gas
For years, Russian gas was seen as the bedrock of Europe’s industrial competitiveness, reliable, abundant, and above all, cheap. But as Europe transitions away from Russian energy, the true cost of that dependency is finally coming into view. This article reconsiders the myth of cheap Russian gas, showing that beyond …
Read More »Egypt is Scrambling for Cheap Oil and LNG as its Energy Crisis Deepens
Egypt is once again facing a resurgence of natural gas shortages, drawing headlines as the country enters the peak summer season. With soaring temperatures above 40°C expected in the coming months, electricity demand—driven largely by air conditioning—is putting intense pressure on the national grid. In response, the Cairo government is …
Read More »AI Boom Favors Natural Gas Over Coal
Many U.S. coal-fired power plants will be around producing electricity longer than previously planned—but no thanks to President Donald Trump’s vocal support for the “beautiful, clean” coal. After a decade of flat U.S. electricity consumption, surging power demand due to the AI and data center boom has prompted some utilities …
Read More »China’s Debuts Record-Breaking 25-Megawatt Wind Turbines
Last year, China’s renewable energy sales and investments hit a record 13.6tn yuan ($1.9tn), dwarfing the global fossil fuel funding total of $1.12 trillion. China’s installed capacity for renewable energy, including wind and solar, reached 1,410 gigawatts, surpassing coal. China has become especially dominant in solar energy manufacturing, having invested …
Read More »Orsted’s U.S. Struggles Deepen as Trump Derails Offshore Wind Ambitions
Europe’s wind energy and renewable companies were pressured after President Trump signed an executive order on Monday to halt US offshore wind lease sales in federal waters temporarily. Adding to the industry-wide gloom, Danish offshore wind developer Orsted revealed impairment charges that exceeded Wall Street analyst expectations. Shares of Orsted …
Read More »AI and Chip Manufacturing Drive Japan’s Nuclear Energy Expansion
The world continues to “warm” back up to nuclear, with the latest example coming out of Japan, where its Shimane nuclear power station in western Japan has been restarted for the first time since the 2011 Fukushima meltdown. Japan’s long-delayed restart of the 820 MW No. 2 reactor at the …
Read More »Coal Dominates China’s Energy Mix despite Renewables Push
News of record installations of so-called renewable energy electric generation in China may have kindled the hopes of those supporting the “green” agenda and hostile to fossil fuels. However, China is in no position to give up hydrocarbons, particularly coal. During the first half of 2023, China approved 52 gigawatts …
Read More »Europe’s Renewables Landscape Transforms with Rooftop Solar Adoption
Europe’s solar installation levels are exceeding expectations, with the amount installed in October 2023 already matching the total installed in all of last year. Rystad Energy modeling forecasts new solar capacity additions will grow 30% this year versus 2022, surpassing 58 gigawatts direct current (GWDC) of new panels by the …
Read More »Solar Power Stocks Crash after Demand Warning Across Europe
The renewable energy meltdown continues as solar power company stocks tumbled on Friday morning after solar equipment maker SolarEdge Technologies warned of sliding European demand. “During the second part of the third quarter of 2023, we experienced substantial unexpected cancellations and pushouts of existing backlog from our European distributors,” said …
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