Energy

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


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Pemamek responds to wind energy sector’s rising demand: Invests 15 Meur in factory expansion and R&D

AJOT | June 16, 2022 | Energy | Alternative

The welding and production automation provider Pemamek Ltd. invests in factory expansion and R&D. The investment totals 15 Meur. Additionally, by the end of the year 2022, the company will recruit an additional 40 people.

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EIA expects significant increases in wholesale electricity prices this summer

AJOT | June 16, 2022 | Energy

In our latest Short-Term Energy Outlook (STEO), we expect prices this summer in wholesale electricity markets will significantly increase over last summer's prices. We forecast that electricity prices in the Northeast regions (ISO New England, New York ISO, and PJM markets) will exceed $100 per megawatthour (MWh) between June and August 2022, up from an average of about $50/MWh last summer. We forecast summer electricity prices will average $98/MWh in California's CAISO market and $90/MWh in the ERCOT market in Texas.

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European Commission considers classifying lithium as toxic, potentially eroding its energy security and climate goals

AJOT | June 16, 2022 | Energy

A potential European Commission (EC) act to classify lithium as a Category 1A reproductive toxin in this year’s fourth quarter could undermine the European Union (EU)’s attempt to create and support a domestic battery materials supply chain.

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Opportunity knocks: Maintenance market for renewables and low-carbon set to approach $250 billion by 2030

AJOT | June 16, 2022 | Energy

The maintenance, modification and operations (MMO) market for the renewable and low-carbon energy industries is set to soar by the end of the decade and approach $250 billion, presenting ample opportunities for operators to reap rewards from the energy transition. The oil and gas industry has dominated the MMO sector, but that is set to change as green energy sources increasingly account for a greater percentage of the world’s energy mix.

Russian coal miners turn to India as war upends commodity flows

Bloomberg | June 16, 2022 | Energy | International Trade | Commodity

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Freeport LNG ‘s blast will further tighten gas market for the summer - Rystad Energy

AJOT | June 16, 2022 | Energy | Conventional | By The Numbers

The Freeport LNG blast spells trouble for Europe but opens a potentially lucrative opportunity for North and West African gas exporters to fill the gap. Lockdown lifts in China should see demand rise, but buyers are in no rush to purchase as they can still access Russian LNG.

Russia Steps Up Energy Wars With Gas Cuts to Europe’s Top Buyers

Bloomberg | June 15, 2022 | Energy | Conventional

High gas prices are pushing European power rates up - Rystad Energy

AJOT | June 15, 2022 | Energy | Conventional | By The Numbers

Gazprom’s gas exports tumble to lowest since at least 2014

Bloomberg | June 15, 2022 | Energy | Conventional

Asia energy crunch turns from bad to worse on US export fire

Bloomberg | June 15, 2022 | Energy | Conventional

Rosneft examines idea of Dubai-based oil trading unit

Bloomberg | June 15, 2022 | Energy | Conventional

White House meets with solar firms in bid to boost manufacturing

Bloomberg | June 14, 2022 | Energy | Alternative

EV production and sales pick up, while battery material costs fall - Rystad Energy

AJOT | June 14, 2022 | Energy | Alternative | By The Numbers

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