Energy

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

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Warm weather stoking increased demand considerations - Rystad Energy’s Gas and LNG Market Update

AJOT | May 02, 2024 | Energy

Following a period of uncertainty in global gas and liquefied natural gas (LNG) markets, prices have appeared to reflect a return to fundamentals.

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Japan’s energy policies aim for increased zero-carbon electricity generation

AJOT | May 02, 2024 | Energy | Alternative

Over the last several years, the Japanese government has announced energy policies aimed to achieve carbon neutrality, or net-zero greenhouse gas (GHG) emissions, by 2050 by lowering emissions in the electric power, industrial, and transportation sectors.

Savage acquires Texon - strengthens its position in the midstream energy space

AJOT | May 01, 2024 | Energy

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Tanker orders increase 32% year-on-year

AJOT | May 01, 2024 | Energy | Maritime | Bulk

Tanker ordering levels have increased during the first few months of 2024. So far this year, 104 Tankers have been added to the global orderbook, up from 79 for the same period last year, representing a year-on-year increase of c.32%.

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Anemoi welcomes Horndahl as new Commercial Director

Anemoi Marine Technologies Ltd – a global leader in wind-assisted propulsion technology for commercial vessels – has announced the appointment of Claes Horndahl as their new Commercial Director.

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Plant Vogtle Unit 4 begins commercial operation

AJOT | May 01, 2024 | Energy

Georgia Power announced this week that the 1,114-megawatt (MW) Unit 4 nuclear power reactor at Plant Vogtle near Waynesboro, Georgia, entered into commercial operation after connecting to the power grid in March 2024.

Biden paves way for US corn to profit from green jet fuel

Air Cargo

Bloomberg | Top Story | May 01, 2024

Biden paves way for US corn to profit from green jet fuel

President Joe Biden’s administration issued long-awaited guidance on the production of green jet fuel, paving the way for US corn ethanol producers to profit from the new market.

Senate passes Russian uranium import ban, sending to Biden

Energy

Bloomberg | Top Story | May 01, 2024

Senate passes Russian uranium import ban, sending to Biden

The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the White House which has said it supports efforts to block the Kremlin’s shipments of the reactor fuel.

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Union Pacific testing first-of-its-kind hybrid locomotive

The first of six cutting-edge hybrid battery-electric locomotives designed and built by Union Pacific Railroad and its partner ZTR, a leading rail technology company, will undergo extensive testing next month in a Union Pacific facility and rail yard.

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China’s EV and solar exports are powering ahead as prices slide

Bloomberg | April 30, 2024 | Energy | Alternative | International Trade

China’s exports of batteries, electric cars and solar panels hit record highs last year, underlining its dominance of key green industries — and driving a global price slump that’s adding to alarm in developed economies.

Composites make world’s largest airship possible

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Deal time: Global upstream opportunities valued at $150 billion expected to fuel M&A activity in 2024

AJOT | April 30, 2024 | Energy

After the biggest first quarter for global upstream dealmaking in five years, the industry could see another $150 billion of merger and acquisition (M&A) deals in the remainder of 2024.

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RK Logistics joins City of Fremont at “Battery Summit,” promoting its leading role in lithium-ion battery production, distribution

• Event reinforces Fremont’s demonstrated commitment and success in supporting growth of advanced manufacturing, cleantech jobs. • Spotlights expanding resources and capabilities as new high-tech facilities for battery storage, logistics, EV support come online. • Previews the opening by RK Logistics of California’s largest lithium battery distribution facility, and the first to be compliant with the latest California building and safety code standards for batteries.

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Wind generation declined in 2023 for the first time since the 1990s

AJOT | April 30, 2024 | Energy | Alternative

U.S. electricity generation from wind turbines decreased for the first time since the mid-1990s in 2023 despite the addition of 6.2 gigawatts (GW) of new wind capacity last year.

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Corvus Energy to supply ESS for the first net zero subsea construction vessel

Corvus Energy, the leading provider of marine battery and fuel cell systems, has announced that they have been selected by HAF Power Solutions (HPS) to supply Energy Storage Systems (ESS) for the innovative Energy Subsea Construction Vessel (ESCV) to be built for shipowner REM Offshore.