Energy

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

Southern California Edison shares new details on transmission lines in Eaton amid wildfire probe

Reuters | January 28, 2025 | Energy

NextEra Energy’s XPLR Infrastructure shares tank on dividend suspension

Reuters | January 28, 2025 | Energy | Alternative

XPLR Infrastructure , a unit of utility firm NextEra Energy, said on Tuesday it will suspend its dividend for an indefinite period, sending the company's shares down 23% in premarket trade.

China ‘teapot’ refiners halt plants as new fuel tax bites, sources say

Reuters | January 28, 2025 | Energy

Several independent oil refineries in eastern China have halted operations, or plan to do so, for indefinite maintenance periods as new Chinese tariff and tax policies plunge them deeper into losses, refinery and trade sources said.

Siemens Energy reports preliminary quarterly revenue of about $9.4 billion

Reuters | January 27, 2025 | Energy | Alternative

Siemens Energy, the world's biggest maker of offshore wind turbines, reported on Monday a preliminary first-quarter revenue of 8.94 billion euros ($9.37 billion), up 18.4% on a comparable basis and slightly above consensus estimates.

Big Oil in no rush to ‘drill baby drill’ this year despite Trump agenda

Reuters | January 27, 2025 | Energy

Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus on generating shareholder returns, despite calls by President Donald Trump to "drill, baby, drill."

Russian oil refining rises as US sanctions target crude exports

Reuters | January 27, 2025 | Energy

Russian refineries are processing more crude oil in the hope of boosting fuel exports after new U.S. sanctions on Russian tankers and traders made exports of unprocessed crude more difficult, two industry sources said and data showed.

Forecast wholesale power prices and retail electricity prices rise modestly in 2025

AJOT Newsroom | January 27, 2025 | Energy

In our January Short-Term Energy Outlook (STEO), we expect that U.S. wholesale power prices will average slightly higher in 2025 in most U.S. regions than last year, except in Texas and in the Northwest.

Commerce celebrates groundbreaking of $1.2 billion lithium refinery in Muskogee

AJOT Newsroom | January 27, 2025 | Energy | Alternative

On Wednesday, representatives from the Oklahoma Department of Commerce were on hand in Muskogee, Oklahoma, to celebrate the groundbreaking of one of the largest lithium refineries in the country.

Kazakhstan’s daily oil output at record high amid Chevron-led expansion

Reuters | January 27, 2025 | Energy

Oil production in Kazakhstan reached a daily record high of 278,499 metric tons on Sunday just after it embarked on an expansion of its largest oilfield, Chevron-led Tengiz, according to official data.

New solar plants to power majority of US electricity generation growth, EIA says

Reuters | January 24, 2025 | Energy | Alternative

The U.S. Energy Information Agency expects growth in U.S. power generation over the next two years to be mostly driven by new solar plants, it said on Friday.

Shell completes acquisition of combined-cycle power plant in priority U.S. trading market

AJOT Newsroom | January 24, 2025 | Energy

OPEC+ yet to react to Trump call for lower oil prices

Reuters | January 24, 2025 | Energy

OPEC+ has yet to react to a call from U.S. President Donald Trump for lower oil prices, with delegates from the group pointing to a plan already in place to start raising oil output from April.

Blackstone to buy $1 billion Virginia power plant near data centers

Reuters | January 24, 2025 | Energy

The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers.

Louisiana’s Argent LNG sets deal with government of Bangladesh

Reuters | January 24, 2025 | Energy

Argent LNG, which is developing a 25 million metric tonnes per annum (MTPA) LNG facility in Louisiana, has signed a non-binding agreement with the government of Bangladesh to purchase up to 5 million metric tons of liquefied natural gas (LNG) annually, the company said in a statement on Friday.

Japan’s JERA plans to expand US LNG purchases to diversify energy supply

Reuters | January 24, 2025 | Energy

Worksport Ltd. ($WKSP) announces Global Patent Portfolio Growth, and joins LOT Network for enhanced patent protection

AJOT Newsroom | January 24, 2025 | Energy | Alternative

Today in Energy: New solar plants expected to support most U.S. electric generation growth

AJOT Newsroom | January 24, 2025 | Energy

In contrast to solar and wind, generating capacity for most other energy sources will remain mostly unchanged in 2025 and 2026. Natural gas-fired capacity growth slowed in 2024, with only 1 GW of capacity added to the power mix, but natural gas remains the largest source of U.S. power generation.

Alleima receives an order for mass production of fuel cells from Doosan Fuel Cell

AJOT Newsroom | January 24, 2025 | Energy | Alternative

Korean energy giant Doosan Fuel Cell, a leading global player in the field of hydrogen energy, is targeting both maritime and stationary applications for its fuel cells. Mass production of SOFC will start in 2025 at a new production plant in Korea. Alleima will supply Sanergy™ HT pre-coated material for the interconnects, a key component in the stationary fuel cell.

DNV, HD Hyundai Mipo and KSOE, sign MoU on new standards for using digital twins to test electric propulsion systems

AJOT Newsroom | January 24, 2025 | Energy | Alternative

DNV has signed a Memorandum of Understanding (MoU) with HD Hyundai Mipo (HMD) and HD Korea Shipbuilding & Offshore Engineering (KSOE). The collaboration focuses on developing standards for testing electric-powered vessels through digital twin-based criteria and procedures to enhance ship safety and efficiency.

Senate panel easily approves Trump’s picks to run energy, interior departments

Reuters | January 23, 2025 | Energy

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