Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.


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Offshore wind boom set to drive further sales growth for Vestdavit after record 2022

AJOT | January 30, 2023 | Energy | Alternative | Project / Heavy Lift | Maritime Project

Norwegian boat-handling system supplier Vestdavit is targeting further growth in davit sales to the offshore wind sector, driven by increasing demand from SOV operators for its robust and proven solutions, after racking up a record MNOK 185 in new orders in 2022.

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Proved reserves of natural gas increased 32% in the United States during 2021

AJOT | January 30, 2023 | Energy

Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to our recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report.

KENC receives contract for US offshore wind farm lifting frame

AJOT | January 30, 2023 | Energy | Alternative | Project / Heavy Lift | Maritime Project

EU seeks to simplify rules in global race to boost clean tech

Bloomberg | January 30, 2023 | Energy | Alternative | International Trade

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UK sits out dispute between US and EU on green energy subsidies

Bloomberg | January 30, 2023 | Energy | Alternative

Britain has no plans to respond to US and European Union subsidies for green industries because the country “has nothing to subsidize,” a leading environmental economist said.

EU needs way to compete with US, China on clean energy, IEA says
Energy
Bloomberg | Top Story | January 28, 2023

EU needs way to compete with US, China on clean energy, IEA says

The US climate law will spur a wave of clean energy development and new technology critical to constraining global warming, intensifying the pressure for Europe to keep pace, the head of the International Energy Agency said Friday.
Traders cram Russian diesel into Europe as import ban looms

Bloomberg | January 27, 2023 | Energy | International Trade

Pricey SUVs emerge as hot point in debate over EV tax credits

Bloomberg | January 27, 2023 | Energy | Alternative

Port of Oakland’s solar energy use grows
Energy
AJOT | Top Story | January 27, 2023

Port of Oakland’s solar energy use grows

Port sells renewable power to airport, and seaport tenants. The Port of Oakland’s stake in a newly expanded solar array at Antelope Valley Solar Ranch has just come online. This solar project is now delivering renewable energy to the Port of Oakland.
European EV battery market estimated value at US$ 10.3 billion by 2032
Energy
AJOT | Top Story | January 27, 2023

European EV battery market estimated value at US$ 10.3 billion by 2032

Sales of electric vehicle batteries in Europe are valued at US$ 5.8 billion in 2022. The Europe electric vehicle battery market is predicted to rise at 5.9% CAGR to exceed a valuation of US$ 10.3 billion by end of 2032.
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Manchin rages against attempts to broaden EV tax credit

Bloomberg | January 27, 2023 | Energy | Alternative

Senator Joe Manchin is pushing back against efforts to apply broad interpretations to a tax credit for electric vehicles that he largely wrote.

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‘To hell with that’: Biden dismisses foreign complaints about US climate policy

Bloomberg | January 27, 2023 | Energy | Alternative

President Joe Biden sharply dismissed criticism that his signature legislative accomplishments are too protectionist, even as US allies complain the policies could cut them out of valuable trade deals.

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China mulls protecting solar tech dominance with export ban

Bloomberg | January 27, 2023 | Energy | Alternative | International Trade

China is considering an export ban that would help the nation maintain its substantial dominance in solar manufacturing just as other countries are trying to strengthen their industries.

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US and EU discuss deal to widen access to Inflation Reduction Act

Bloomberg | January 26, 2023 | Energy | Alternative

The US and the European Union are discussing a possible deal on minerals and critical raw materials in a bid to allow the EU to qualify for benefits in President Joe Biden’s massive new green investment plan, according to people familiar with the matter.

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Corvus Energy opens new US factory to meet demand for zero-emission solutions

AJOT | January 26, 2023 | Energy | Alternative | Maritime | Technology

Corvus Energy celebrated the grand opening of its new battery factory in Bellingham WA this week. The ceremony was held with distinguished guests such as the Governor of Washington, Jay Inslee, Norway's Ambassador to the USA, Anniken Krutnes and US representative Rick Larsen along with customers, industry partners, government agencies and others.

Top African coal port lifts European sales even amid disruptions

Bloomberg | January 26, 2023 | Energy | Maritime | Bulk | Ports & Terminals

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