Renewables

Wind, solar and natural gas have the brightest future in Asia Pacific power generation, although coal is not going anywhere soon, according to experts at Wood Mackenzie. “Asia Pacific power generation investments are leading the world and expected to hit $2.4 trillion in the current decade, with renewables accounting for over half, or $1.3 trillion…

With New York City aiming by 2040 to achieve net-zero electricity emissions, along with using 100% renewables and a ban on fossil fuel use in all new buildings, the Big Apple’s largest utility, Consolidated Edison Inc. (ConEd), has begun to make big adjustments, CEO Timothy Cawley said Tuesday. Our Energy Policy, an energy issues nonprofit,…

Nine out of 10 power and utility executives say their organizations lack enough technology-savvy employees needed to keep pace with an ongoing digital revolution across the industry, the results of a 2021 global survey show. The survey, conducted for Ernst & Young LLP (EY), found that 94% of the 159 executives polled said they need…

Global energy investments are set to rebound by nearly 10% this year to $1.9 trillion, reversing the 2020 decline, but the energy transition is moving more funds toward electricity and renewables and away from fossil fuels, according to the International Energy Agency (IEA). Researchers said investments are returning to pre-crisis levels, with a shift continuing…

Many of the liquefied natural gas (LNG) export facilities already under construction or in planning will not be needed in the future if the world is to reach net zero greenhouse gas emissions by 2050, the International Energy Agency said in a bombshell report this week. The world’s oil and gas needs in a net…

California Resources Corp. (CRC) in 1Q2021 reported red ink and a shift in focus to renewables and decarbonization, following its emergence from Chapter 11 bankruptcy last year. CRC drilled 17 wells with one drilling rig in place during the quarter, according to CEO Mark McFarland. He also said the anti-hydraulic fracturing move by California Gov.…

The Port of Corpus Christi, a leading U.S. oil and natural gas export hub, has unveiled plans to explore green hydrogen production at its facilities in South Texas. Under a memorandum of understanding (MOU), the Corpus Christi port is partnering with finance giant Ares Management Corp. to look into the potential for building the hydrogen…

The nation’s largest municipal utility and largest investor-owned natural gas distributor have joined a green hydrogen-buying coalition, HyDeal LA, to create commercial-scale buying for the Los Angeles area. Sempra Energy’s Southern California Gas Co. (SoCalGas) and the Los Angeles Department of Water and Power (LADWP) have joined the effort to “achieve at-scale green hydrogen procurement”…

Global liquefied natural gas (LNG) supplier and electricity generator New Fortress Energy Inc. (NFE) is partnering in a new company dedicated to producing hydrogen and renewable fuels as it aims to become a leading global provider of carbon-free energy.  NFE has partnered with affiliate Fortress Transportation and Infrastructure Investors LLC (FTAI) on a joint venture…