According to a new report from the Institute of New Economic Thinking at the University of Oxford, previous estimates about how quickly the price of renewables will fall have consistently underestimated reality (We think they are pointing their fingers at the International Energy Agency here.) Here’s the first few paragraphs of the report: “Rapidly decarbonizing
Environment
Oil prices could experience an “off the charts spike” as winter approaches and OPEC and its allies stick to their earlier pact on oil output, a strategist told CNBC. OPEC+ — the Organization of the Petroleum Exporting Countries, with their allies including Russia — have been under pressure from top consumers, such as the United
Genex Power, which is focused on developing a portfolio of renewable energy generation and storage projects across Australia, has announced the execution of a supply agreement contract with Tesla for its Bouldercombe Battery Project in Queensland. The company noted that the Tesla energy storage devices are some of the best products available on the market
In this article TSLA F DAI-DE A Volvo C40 Recharge photographed in Stockholm, Sweden, on March 2, 2021. CLAUDIO BRESCIANI | AFP | Getty Images The CEO of Volvo Cars has told CNBC that the automaker’s shift to electric vehicles is the reason behind its planned listing on the Nasdaq Stockholm stock exchange. The company
Right now, as I’ve highlighted briefly before, there’s a hot negotiation underway between almost every other Democrat in the House & Senate and two Democratic Senators — Kyrsten Sinema and Joe Manchin. Republican Party politicians are non-existent in the negotiations*, and since the US Senate is split 50–50, with Vice President Kamala Harris as the
Workers cut up coal carts in Dec. 2019 at a coal mine in Mentougou, west of Beijing, where many mines have been shut as China scrambles to cut carbon emissions. Greg Baker | AFP | Getty Images China needs to bolster its coal supply to avoid an economic slowdown this quarter, but Beijing’s icy relations
Cooling towers at the Tricastin Evolutionary Power Reactor nuclear power plant in France. Bloomberg | Bloomberg | Getty Images LUXEMBOURG — France is pushing the EU to reduce its energy dependency on foreign countries as gas prices soar across the continent. The EU has been grappling with higher energy costs in recent weeks, prompting governments in Spain, Italy, Greece,
British army personnel at the BP fuel terminal in Hemel Hempstead, U.K., on Monday, Oct. 4, 2021. Chris Ratcliffe | Bloomberg | Getty Images LONDON — British soldiers have begun delivering fuel in the U.K., as panic buying of gasoline continues in some parts of the country. Around 200 military personnel are to be deployed
Wall Street may be on the verge of an uncharacteristically painful quarter. Wharton finance professor Jeremy Siegel, who’s known for his positive market forecasts, is sounding the alarm on the market’s ability to cope with inflation. “We’re headed for some trouble ahead,” he told CNBC’s “Trading Nation” on Friday. “Inflation, in general, is going to
The YouTube channel “Corridor Crew” has shared an awesome video demonstrating just how many solar panels it would take to power the world. The video starts off with the host showing us a future time, 2100, and what it would be like if the world successfully transitioned to sustainability and there were no more climate
BOULDER, Colorado — Feeling overwhelmed with details when it comes to going solar? Don’t know where to start? Need to see the numbers for yourself? Check out your neighbor’s solar system and decreased energy bills! The American Solar Energy Society (ASES) invites you to attend their 26th annual ASES National Solar Tour this weekend, October 2-3.
Steam rises from the cooling towers of the Lippendorf power plant south of Leipzig, Germany. picture alliance | picture alliance | Getty Images LONDON — Euro zone inflation hit its highest level in 13 years in September, as the bloc battles surging energy costs. Headline inflation came in at 3.4% last month, according to preliminary
Climate activists have been turning up the heat on two Democratic holdouts who are on the verge of smothering President Biden’s ambitious climate plans, the well known coal stakeholder Senator Joe Manchin of West Virginia and the somewhat lesser known but spotlight-grabbing Senator Kyrsten Sinema of Arizona. Whether or not they continue to hold out
Aerial view of the Diablo Canyon Nuclear Power Plant which sits on the edge of the Pacific Ocean at Avila Beach in San Luis Obispo County, California on March 17, 2011. Mark Ralston | AFP | Getty Images California is not keeping up with the energy demands of its residents. In August 2020, hundreds of
As we trend toward more renewables and distributed energy resources (DERs), the design of the electric distribution system itself imposes physical limitations. These system constraints could lead to issues like overloaded power lines and faults that propagate freely. But what if we could restructure the underlying system to support greater renewable integration and system resilience?
Originally published by Oak Ridge National Laboratory. A team led by the Department of Energy’s Oak Ridge National Laboratory has found a rare quantum material in which electrons move in coordinated ways, essentially “dancing.” Straining the material creates an electronic band structure that sets the stage for exotic, more tightly correlated behavior — akin to tangoing