Electricity Grid

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Electric Vehicles Prove a Bumpy Ride for Battery Metals

(Reuters) – Electric vehicles (EVs) were supposed to supercharge demand for metals such as lithium, nickel and cobalt. Yet prices for all three EV battery inputs have fallen to such bombed-out levels that producers are curtailing output and deferring new projects. This is partly a problem of oversupply. Explosive price rallies in 2021 and 2022 …

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Cuba Power Grid: How it Collapsed and What Comes Next

(Reuters) – Cuba’s national grid collapsed on last Friday, leaving the entire population of 10 million people without electricity and underscoring the precarious state of the Communist-run country’s infrastructure and economy. Restoration of service is under way but long-term challenges will remain. WHY DID THE GRID COLLAPSE? Cuba’s electrical grid and oil-fired power plants are …

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US Grants Nearly $2 billion to Harden Power Grid Against Extreme Weather

(Reuters) – The U.S. on Friday announced nearly $2 billion in grants to protect its aging power grid against the growing threat of extreme weather fueled by climate change. BY THE NUMBERS This round of funding for the Grid Resilience and Innovation Partnerships program is for 32 projects across 42 U.S. states. About 950 miles …

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World Set for Cheaper Energy on Shift From Oil and Gas, IEA Says

Demand for all fossil fuels to stop growing this decade World enters ‘Age of Electricity’ with EV sales set to climb The world is heading into an era of cheaper energy prices as a shift towards electricity use leaves behind surpluses of oil and gas, the International Energy Agency predicted. Global demand for all fossil fuels will …

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China’s Rapid Electrification is Catching Oil Producers Off Guard

(Reuters) – Over-estimating China’s appetite for crude has been a factor in oil markets this year, especially by OPEC, and it’s a theme that looks likely to continue in coming years. The increasing shift to electricity in transport from fossil fuels and what it termed “electric mobility” is “wrong-footing oil producers,” according to the International …

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Over 160,000 US Customers Without Power as Hurricane Milton Approaches

(Reuters) – More than 160,000 homes and businesses in Georgia, the Carolinas, Texas and California were without power on Wednesday as Hurricane Milton is expected to make landfall on Florida’s Gulf Coast late Wednesday, according to PowerOutage.us. The utility with the most outages was U.S. energy company Duke Energy, a major supplier in the Carolinas, …

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Cryptominer MARA Taps U.S. Shale Patch Power Generation in New Pilot Program

(Reuters) – MARA Holdings Inc., the world’s largest publicly traded bitcoin miner, has begun producing power in the U.S. shale patch as part of a pilot program to fuel 25 megawatts of its mining operations with excess natural gas, the company told Reuters on Tuesday. The move comes as intensifying competition for electricity between Big …

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U.S. Funds Four Power Grid Projects With $1.5 Billion

(Reuters) – Four electricity transmission projects serving the U.S. southwest, southeast and New England will get $1.5 billion in public funding to improve the grid’s resilience and connect customers with clean energy, the government said on Thursday. The funds for the second phase of the Transmission Facilitation Program come from a 2021 bipartisan infrastructure law …

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COMMENTARY: The Cleanest and Dirtiest U.S. State Electricity Systems – Maguire

By Gavin Maguire LITTLETON, Colorado, Sept 26 (Reuters) – There’s a wide range in the proportion of U.S. electricity generated by clean energy sources, with nearly 100% of Vermont’s electricity coming from low-emissions power while the territory of Puerto Rico has less than 3% clean electricity. The average clean electricity supply share for the United …

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COMMENTARY: The Cleanest and Dirtiest US State Electricity Systems – Maguire

By Gavin Maguire LITTLETON, Colorado, Sept 26 (Reuters) – There’s a wide range in the proportion of U.S. electricity generated by clean energy sources, with nearly 100% of Vermont’s electricity coming from low-emissions power while the territory of Puerto Rico has less than 3% clean electricity. The average clean electricity supply share for the United …

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