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...While geothermal energy has been around for more than a century, its contribution to renewable deployment has been minimal and limited by geography....
...“I think ultimately, the world needs energy and we’re energy traders, so if you don’t move this stuff, you know the world doesn’t work.”...
...Renewables are way off course . . . World leaders agreed at COP28 to triple global renewable generation capacity by 2030 to 11,000GW — a tall order....
...Monday after Israel said it had withdrawn its troops from Khan Younis in southern Gaza, easing fears that the conflict would escalate, Brent is up about 16 per cent this year, while the US benchmark West Texas...
...ExxonMobil was awarded $331.9mn to substitute hydrogen for natural gas at a Baytown, Texas olefins production facility. Consumer goods companies also received support....
...energy projects....
...On the same day, two green activist shareholder groups withdrew a climate resolution at Exxon after the oil giant had sued them in a Texas court....
...reduction in the costs of producing that renewable energy....
...A deep freeze due to sweep across the central US this weekend has put grid operators on high alert from Ohio to Texas....
...sun of Texas into Germany”....
...Most of this new renewable energy will be deployed in China, which is expected to account for a staggering 55 per cent of new global renewables capacity this year, according to the IEA....
...The International Energy Agency expects petrochemicals to be the “single largest contributor” to oil demand growth in the next five years, as the rapid deployment of renewables and the move to more fuel...
...It can take years for new renewable energy projects such as wind farms to gain regulatory approval and be connected to the grid....
...Key Capture Energy, a US battery storage developer, appointed Brian Hayes as chief executive on Friday. Hayes joins from EDP Renewables....
...Google DeepMind researchers have discovered 2.2mn crystal structures that open potential progress in fields from renewable energy to advanced computation, and show the power of artificial intelligence to...
...There is also a renewable energy boom on the horizon from the Inflation Reduction Act....
...More popular on both sides of the Atlantic have been “say on climate” proposals, aimed at forcing companies to submit their energy transition plans for shareholder approval....
...West Texas Intermediate, the US benchmark, slid below $70 for the first time since July....
...Other clean energy investments with ties to China have encountered a backlash, including two planned battery plants in Michigan and a wind farm in Texas....
...They include a commitment to source 80 per cent of electricity from renewable sources by 2030....
...Gregory Wetstone, president and chief executive of the American Council on Renewable Energy, stepped down as chief executive on Monday after eight years at the non-profit....
...His party passed electricity legislation to favour state energy companies over private renewables, and although it was held up in the courts, his administration in effect froze regulatory permits, leading...
...It wants to know whether they source their energy from coal or environmentally friendly renewables such as solar or wind energy....
...Actis, which began life focused on emerging markets private equity, has expanded into energy and infrastructure, leading deals including a $500mn investment in a Japan-focused renewables operator earlier...
...Firstly, renewable energy capacity is now surging faster than expected — even amid the right-wing, anti-green backlash — according to a recent report from the International Energy Agency last week....
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