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US bank says higher interest rates, inflation and global conflict have dented outlook for energy transition
...“We are happy to note that regardless of geopolitical difficulties a wide range of international, professional and scientific co-operation still exists in the field of nuclear energy,” Orbán said....
...He was promoted to co-head of M&A alongside Feldgoise in 2020. Garcia, from Chile, is a top-tier utilities and natural resources banker who joined Goldman in 1999 and was made a partner in 2008....
...Raimondo announced on Monday that the South Korean chipmaker was set to produce chips at the 2 nanometre level of miniaturisation at a new fabrication plant, or fab, it was building in the city of Taylor in Texas...
...The Abu Dhabi group said it was also in talks with Naturgy’s biggest shareholder, a holding company of Spain’s La Caixa foundation, over “potential co-operation in relation to Naturgy”....
...The company pointed to Japan, where city gas utilities had set a target of using 90 per cent SNG by 2050....
...Duke Energy announced the appointment of Harry Sideris to president of the utility. Steve Young, executive vice-president and chief commercial officer, is retiring....
...And a WeWork update to start: Adam Neumann has made a fresh push to regain control of WeWork even as the co-working pioneer races to raise hundreds of millions of dollars to emerge from bankruptcy and avoid...
...Shares of utility company Xcel Energy dropped sharply this week over potential financial exposure to the largest wildfire in Texas history....
...Its customers include chipmakers Samsung Electronics, Taiwan Semiconductor Manufacturing Co and Intel....
...In 2022 about 42mn tonnes of CO₂ were captured by carbon capture and storage infrastructure around the world, according to RFF....
...Ham will continue in his role as co-chief executive of Deutsche Numis in London. Paul Hastings has hired eight partners from law firm Vinson & Elkins to build out its global finance team in Texas....
...Also joining the board are Kevin Howell, former head of NRG’s Texas business, Alex Pourbaix, former chief executive of Canadian oil group Cenovus Energy, and Marcie Zlotnik, co-founder of Texas retail electricity...
...US benchmark West Texas Intermediate gained about 1 per cent to settle at $83.71 a barrel, its highest level since October....
...“This is likely an underestimate of demand,” said John Wilson, co-author of a report titled “The era of flat power growth is over”, adding that some utilities have publicly expressed higher demand expectations...
...Microsoft co-founder Bill Gates has long been a fan of the technology, and is a founding investor in nuclear engineering firm TerraPower....
...The writer is international policy director at Stanford University’s Cyber Policy Center and special adviser to the European Commission Utility companies are currently facing “code red”....
...“There has been a sea-change in global perception and global policymaking towards nuclear energy,” says Rafael Grossi, IAEA director-general, who will co-chair the summit....
...Large utility, telecommunications, energy and technology groups are selling off assets to private buyers to bolster profits, fuelling what KKR expects to be trillions of dollars in investment opportunities...
...Last month, the company co-hosted a power grid investment summit in Houston with Dan Patrick, Texas’s lieutenant-governor....
...In October, it gave £37.5mn to its immediate parent, Thames Water Utilities Holdings Limited....
...Advanced packaging requires greater co-operation between industry specialists....
...Co-founder Stefano Buono explains that the idea dates from the 1990s but never quite hit its mark back then....
...He replaces Cathryn Ross and Alastair Cochran, who had been interim co-CEOs following Bentley’s exit....
...But to date, he acknowledges, state-owned companies and public utilities in the US and Europe have not been leaders on decarbonisation....
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