Energy Topics & Technology

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Now You Know! What are Carbon Offsets and Who is Buying Them?

Emission Reduction, Energy Topics & Technology, Latest, US News / By

by EnergyNow Staff Carbon offsets are a tool used to mitigate the environmental impact of greenhouse gas (GHG) emissions. They allow individuals, businesses, or governments to compensate for the emissions they produce by investing in projects that either remove carbon dioxide (CO2) from the atmosphere or prevent further emissions. The concept is that by supporting …

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Tesla Posts Higher-Than-Expected Profit on Delivery Growth

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Projects 50% growth next year over its 2023 production volumes Bloomberg News Tesla Inc. surpassed Wall Street estimates for earnings in the third quarter and projected a slight increase in deliveries for the current year, reflecting a rebound in demand for its electric vehicles. The company on Wednesday reported adjusted earnings of 72 cents per share for …

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Transocean in Merger Talks with Rival Seadrill, Bloomberg News reports

Energy Topics & Technology, Latest, Mergers and Acquisitions, Offshore, US News / By

Offshore drilling provider Transocean is in talks to merge with rival Seadrill Ltd, Bloomberg News reported on Wednesday, citing people familiar with the matter. The companies are discussing the potential structure of the combination, it said. However, a final decision has not been made and the companies could choose to remain independent, Bloomberg reported. Seadrill …

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Global Energy Consumption Forecasting in the Age of Climate Change – Yogi Schulz

CDN and International News, Energy Commentary, Energy Topics & Technology, Environment, Forecasts, Latest / By

By Yogi Schulz Energy consumption forecasting has become more complex due to economic and population growth uncertainties. While the pace of the energy transition will not determine global energy consumption, it will determine the mix of various energy sources throughout the forecast period. Forecasting how the mix of various energy sources will evolve adds more …

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Producing Lithium Is Slow and Dirty. Is There a Fix?

CDN and International News, Critical Minerals, Energy Topics & Technology, Latest, Minerals / By

By Annie Lee Lithium ore at a mine in Minas Gerais state, Brazil.Photographer: Dado Galdieri/Bloomberg A substance seen as critical to the green energy revolution, lithium, is at risk of a future supply crunch. Even though a recent surplus of the metal has been crashing prices, demand for lithium is set to grow by almost …

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NextEra Beats Third-Quarter Profit Estimates on Renewables Strength

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, Renewable Energy, US News / By

Oct 23 (Reuters) – NextEra Energy’s third-quarter profit beat Wall Street estimates on Wednesday, helped by strength in its renewables unit. Growing demand from AI-backed data centers, along with homes and businesses using more electricity for heat and transportation, has brightened forecasts for utilities this year. The S&P index tracking utilities  jumped 18.4% in the third …

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U.S. Fuelmakers to Report Lower Q3 profits on Weaker Margins, Fuel Demand

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – U.S. oil refiners’ third quarter profits are expected to fall from last year on weakening margins as fuel demand softened and new refining capacity came online, energy analysts said. Refiners have come off favorable pricing and strong demand after the pandemic and Russia’s invasion of Ukraine boosted margins to record levels. U.S. gasoline …

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Electric Vehicles Prove a Bumpy Ride for Battery Metals

Batteries, Electricity Grid, Energy Topics & Technology, Latest, Minerals / By

(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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The Climate Scientist Who Leads Mexico Is Betting on Decades of Fossil Fuel

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines / By

A new natural gas pipeline could help reduce poverty in the underdeveloped Yucatan — but it poses a challenge to Sheinbaum’s push to cut emissions Under the crystalline waters off southeast Mexico, workers are laying a pipeline that President Claudia Sheinbaum is counting on to underpin an economic boom and lift millions from poverty. The $4.5 billion …

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Cuba Power Grid: How it Collapsed and What Comes Next

CDN and International News, Electricity Grid, Energy Topics & Technology, Latest / By

(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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