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Energy Storage Boom Drives Battery Shift, Leaving Nickel, Cobalt Behind

Batteries, Energy Storage, Energy Topics & Technology, Latest, US News / By

Summary Cheap LFP batteries drive rapid energy storage growth Storage demand for grid transitions expanding exponentially Trend likely to accelerate pivot away from nickel and cobalt (Reuters) – When Fidra Energy acquired a 55-acre (22-hectare) patch of northern England countryside in 2023, its plan to transform it into a 1.45 gigawatt energy storage facility – …

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US Utilities on Dealmaking Spree to Blockbuster 2025

Electricity Grid, Energy Services, Energy Storage, Energy Topics & Technology, Latest, US News / By

(Reuters) – With electricity demand in the United States set to hit record highs over the next two years, utilities are doubling down on assets that can boost their power generation capacity while shedding others to fund their massive spending plans. The U.S. utilities sector – which includes electric, gas and water utilities – has …

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US Natgas Prices Jump 10% On Lower Output, Higher Demand and Technical Buying

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, LNG, Natural Gas, US News / By

(Reuters) – U.S. natural gas futures soared about 10% on Tuesday on a decline in daily output, forecasts for more demand next week, long-term forecasts for a hotter-than-normal summer and what some analysts called a technical bounce. Gas prices fell about 7% and closed below the 200-day moving average on Monday, which some analysts said …

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US Shale to Plateau if Oil Stays in Current Range, ConocoPhillips CEO Says

Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil, Shale, US News / By

U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s per barrel, the CEO of ConocoPhillips said on Tuesday in the latest prediction that oil’s slump could curb U.S. supply. The comments from Conoco CEO Ryan Lance come as forecasters including …

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AI Power Demand is Generating Hallucinations

Artificial Inteligence, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

(Reuters Breakingviews) – A sprawling global network of silicon has sprung up to power artificial intelligence. Housed within data centers, these chips demand vast sums of electricity to crunch the numbers behind the likes of ChatGPT. Yet both technology giants and energy utilities are incentivized to pad projections for how many of these facilities need …

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Gas Power Is Cheaper to Buy Than Build in the US

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas / By

Companies are adding capacity at comparative bargains to satisfy AI’s thirst for energy. If there was any lingering doubt about whether gas-fired generation plants are the hottest targets in the US power system, the recent flurry of deals likely extinguished it. NRG Energy Inc. grabbed attention May 12 by agreeing to pay $12 billion, including debt, …

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How BP Top Brass Can Get an Elliott-Backed Revamp

CDN and International News, Conventional Energy, Energy Topics & Technology, Finance, Latest, Oil / By

May 19 (Reuters Breakingviews) – Elliott Investment Management’s next big move at BP is installing board leadership it likes. The U.S. activist, which now holds 5% of the struggling $78 billion oil major, understandably wants a swift replacement for departing Chair Helge Lund. While suitable candidates aren’t exactly abundant, some exist. The sooner a new …

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Utility Vistra to Buy Natural Gas Assets for $1.9 Billion

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, US News / By

Utility Vistra said on Thursday it would acquire seven natural gas generation facilities, with a combined capacity of nearly 2,600 megawatt, from Lotus Infrastructure Partners for $1.9 billion, as it looks to meet growing power demand. The deal includes five combined cycle gas turbine facilities and two combustion turbine facilities located across PJM, New England, …

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Canadian Oil Producer Strathcona to Launch US$4.25 Bln Hostile Bid for MEG Energy

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands / By

(Reuters) – Canadian oil and gas producer Strathcona  said late Thursday it plans to launch a C$5.93 billion ($4.25 billion) hostile takeover bid for rival MEG Energy, aiming to create one of the country’s largest oil sands companies. The all-cash-and-stock unsolicited offer would combine two of Canada’s largest pure-play thermal oil sands operators, and make Strathcona …

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Hot Weather and High Demand to Pressure US Power Grid This Summer, FERC Says

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

Projected searing temperatures across the U.S. and the proliferation of data centers are expected to send electricity consumption to a four-year high this summer, testing the grid and pushing up power prices, the Federal Energy Regulatory Commission said on Thursday. A shrinking pool of around-the-clock power plants, which are retiring to make way for cleaner …

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