Energy

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


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Branson’s latest dare reveals aviation’s green challenge

Bloomberg | November 28, 2023 | Air Cargo | Airlines | Energy | Alternative | Green Shipping

Richard Branson has long relished the image of the aviation pioneer, from traversing the Pacific in a hot-air balloon to making space travel available for paying customers.

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Lower CO2 emissions are partially due to shifts in power generation sources

AJOT | November 28, 2023 | Energy

We forecast the U.S. energy sector to emit about 4,790 million metric tons of carbon dioxide (CO2) in 2023, a 3% decrease from 2022.

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Low-carbon hydrogen has robust growth prospects but needs policy support

AJOT | November 28, 2023 | Energy | Alternative

Incentives and government-backed projects could satisfy infrastructure required for the extreme rise in demand, estimated to cost between $80B - $300B, says Cleantech Group

South African plan paves way for $80 billion energy transition

Bloomberg | November 28, 2023 | Energy | Alternative

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Stranded gas tanker in Australia could cause rise in global LNG prices

Bloomberg | November 28, 2023 | Energy | Maritime | Bulk

A loaded liquefied natural gas tanker is stuck at an export terminal in Australia and will disrupt some shipments, adding to supply concerns ahead of the Northern Hemisphere winter.

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Rolls-Royce sours on electric planes, says hydrogen needs time

Bloomberg | November 28, 2023 | Air Cargo | Technology | Energy | Alternative | Green Shipping

Rolls-Royce Holdings Plc backed away from electric powered aircraft, with plans to put a business making such engines up for sale and said conventional propulsion will remain the mainstay possibly for the two decades as hydrogen takes time to mature as an alternative.

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Companies are dropping carbon offsets, but still buying the worst ones

Bloomberg | November 27, 2023 | Energy | Green Shipping

Purchases of carbon offsets fell for the first time in at least a decade last year, according to an analysis of 260,000 publicly available transactions.

Greek oil tanker owners avoiding Russia after Treasury letters

Bloomberg | November 27, 2023 | Energy | Maritime | Bulk

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Electric vehicles and hybrids grow to a record-high 18% of U.S. light-duty vehicle sales

AJOT | November 27, 2023 | Energy | Alternative

Sales of hybrid, plug-in hybrid, and battery-electric vehicles (BEV) in the United States rose to 17.7% of new light-duty vehicle sales in third-quarter 2023, according to data from Wards Intelligence.

Virgin Atlantic plans 100% SAF-fueled transatlantic flight – another step in the right direction

AJOT | November 27, 2023 | Air Cargo | Airlines | Energy | Alternative | Green Shipping

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Sustainable Fitch: Shipping sector’s net-zero transition held back by lack of mature alternative fuels

AJOT | November 27, 2023 | Energy | Alternative | Green Shipping

Shipping companies’ decarbonisation transition pathways remain unclear amid alternative fuel uncertainty, Sustainable Fitch says in a new report.

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VEDS: Voith technology powers first H2 truck to be serially produced in Germany

AJOT | November 27, 2023 | Energy | Alternative | Green Shipping | Trucking

Since the beginning of 2023, the heavy duty version of the Voith Electrical Drive System (VEDS) has been an integral part of the first H2 truck (FCEV) to be built in Germany: the Paul Hydrogen Power Truck (PH2P).

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Battery prices are falling again as raw material costs drop

Bloomberg | November 27, 2023 | Energy | Alternative | Trucking

BloombergNEF breaks down the biggest annual drop in its lithium-ion battery price survey since 2018.

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Europe is guzzling diesel from India, a key buyer of Russian oil

Bloomberg | November 27, 2023 | Energy

Europe banned most oil shipments from Russia almost a year ago, but it’s binging on diesel that may well have been made from Russian crude.

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