Energy

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

Amazon, Google sign pledge to support tripling of nuclear energy capacity by 2050

Reuters | March 12, 2025 | Energy | Alternative

Major companies such as Amazon and Google on Wednesday signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050, on the sidelines of the CERAWeek conference in Houston.

U.S. battery capacity increased 66% in 2024

AJOT Newsroom | March 12, 2025 | Energy | Alternative

In the United States, cumulative utility-scale battery storage capacity exceeded 26 gigawatts (GW) in 2024, according to our January 2025 Preliminary Monthly Electric Generator Inventory.

Baltic Exchange introduces biofuel blends in latest expansion of its emissions calculator

Baltic Exchange has introduced a series of green fuel options to its FuelEU voyage and compliance cost calculator as more shipowners, traders and charterers seek to understand the commercial implications of this regulation on their voyage costs.

International Windship Association launches new survey to gauge perception of low/zero emission vessels and wind propulsion technology

The first Odfjell vessel is equipped with bound4blue suction sails

Ready to cross the Atlantic to document energy-saving capacity

Virginia governor say US must develop fusion or fall behind China on energy

Reuters | March 12, 2025 | Energy | Alternative

The United States must expedite its development of fusion energy or risk falling behind China on energy dominance, said Virginia Governor Glenn Youngkin at the CERAWeek energy conference in Houston on Tuesday.

EU lawmaker group to challenge combustion engine ban this year

Reuters | March 12, 2025 | Energy | Green Shipping

The European Parliament's biggest lawmaker group said on Wednesday it will attempt to overturn the European Union's main climate policy for cars - a 2035 ban on sales of new CO2-emitting vehicles - during a review of the plan this year.

Kazakhstan was the main laggard in OPEC+ oil pact in February, OPEC data shows

Reuters | March 12, 2025 | Energy

Kazakhstan contributed more than a half of overall OPEC+ oil production rise in February, lagging behind its pledges to reduce production, OPEC data showed on Wednesday.

Ukraine bets on US LNG as gas import needs rise

Reuters | March 12, 2025 | Energy

Ukraine may import large volumes of U.S. gas this year via terminals in Germany, Greece, Lithuania and Poland, its state gas operator said, as Kyiv struggles with the impact of Russian attacks on its infrastructure.

Europe’s biggest battery hope Northvolt files for bankruptcy

Reuters | March 12, 2025 | Energy | Alternative

Battery cell maker Northvolt has filed for bankruptcy in Sweden, the company said on Wednesday, marking one of the country's largest corporate failures and effectively ending Europe's best hope of developing a rival to challenge China.

Bolivia turns to crypto for energy imports amid dollar, fuel shortages

Reuters | March 12, 2025 | Energy

Bolivia's state energy firm YPFB will use cryptocurrency to pay for energy imports amid a painful shortage of dollars and fuel in the landlocked South American nation, a company spokesperson and a government official told Reuters on Wednesday.

Energy

AJOT Newsroom | March 12, 2025

First liquefied natural gas cargo produced at Corpus Christi Stage 3 export facility

In February 2025, Corpus Christi Stage 3, an expansion of the existing Corpus Christi liquefied natural gas (LNG) export facility, produced its first LNG cargo, according to the developer Cheniere Energy. Corpus Christi Stage 3 started producing LNG in December 2024.

Driving change: DB Schenker supplies Mercedes-Benz with record SAF volume

SAF powers air shipments from Germany to China • Record purchase enables significant CO2e savings • Collaboration advances low-emission logistics

Small nuclear power struggles at cusp of US electricity demand boom

Reuters | March 11, 2025 | Energy | Alternative

Everyone from the U.S. energy secretary to Big Tech touts small modular nuclear reactors as a potential answer to booming power demand, but the technology is struggling to become commercial due to costs and regulatory hurdles.

Republicans seek to protect green tax credits in budget bill

Reuters | March 11, 2025 | Energy | Alternative

A group of Republican lawmakers urged the House committee drafting President Donald Trump's proposed tax cuts in the upcoming budget reconciliation bill to preserve key clean energy tax credits enacted under the Biden administration to protect private sector investments in their districts, according to a letter circulated on Monday.

Solar accounted for 84% of new US power added in 2024, report says

Reuters | March 11, 2025 | Energy | Alternative

Solar energy accounted for 84% of new electricity generation capacity added to the U.S. power grid last year, but the industry faces a challenging future with the new U.S. administration's energy policies, a report published on Tuesday said.

Australia’s nuclear debate to shape election, but immediate energy security hinges on gas / Rystad Energy

AJOT Newsroom | March 11, 2025 | Energy

Energy policy is set to take center stage at Australia’s upcoming federal election, which will be held on or before 17 May 2025. The election will serve as a referendum on nuclear energy, aiming to address the country’s long-term energy needs while tackling rising energy prices and the high cost of living.

Energy

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