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By Ernest Scheyder Loan increased due to inflation and bigger lithium deposit Rhyolite Ridge to produce 22,000 metric tons of lithium annually Biden administration confident US lithium needs can be met by by 2030s Shares of ioneer gain more than 15% Jan 17 (Reuters) – The U.S. Department of Energy has finalized a $996 million …
Biden Boosts Loan for ioneer’s Nevada Lithium Mine to Nearly $1 Billion Read More »
The L.A. wildfires have taken at least 27 lives and destroyed thousands of homes As the smoke clears from devastating Los Angeles wildfires, efforts to clean up the affected areas are being complicated by burnt-out electric and hybrid vehicles and home-battery storage systems. Lithium batteries from Tesla Inc., along with those from other carmakers, have …
Burning Teslas Add to Toxic Pollution Delaying L.A. Return Read More »
Global energy storage capacity has tripled in recent years, thanks to an industry that barely existed a decade ago. Illustration: Jay Daniel Wright for Bloomberg Businessweek By David R Baker Inside an unmarked stucco building in a Silicon Valley office park, more than 1,000 black metal cabinets, each about the size of a fridge, line …
Giant Batteries Are Transforming the World’s Electrical Grids Read More »
As of late Thursday, a few dozen people were at a temporary evacuation centre This image from video shows flames rising after a major fire erupted Thursday afternoon at the Moss Landing Power Plant, located about about 124 kilometres south of San Francisco, Thursday, Jan.16, 2025. Photo by KSBW via AP MOSS LANDING, Calif. — …
Fire at Massive Battery Plant in California Forces Evacuations Read More »
(Reuters) – The International Monetary Fund has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended oil production cuts, it said on Friday in the latest update to its global outlook. It also trimmed its 2024 growth estimate for the Gulf state to 1.4%. In its October Regional Economic …
IMF Lowers 2025 Saudi Arabia Growth Forecast on Extended Oil Production Cuts Read More »
Green investments stalled due to policy uncertainty, says BNEF 377,000 tons of blue hydrogen capacity may be online by 2025 The US hydrogen economy will likely rely on natural gas and carbon capture technologies rather than green energy in Donald Trump’s second term, according to BloombergNEF. Billions of dollars of investment have stalled in 2024 waiting for the Biden …
U.S. Hydrogen Industry May Turn to Gas, Carbon Capture Under Trump Read More »
Summary Q4 adjusted profit 92 cents per share vs forecast 90 cents Q4 revenue $9.28 billion vs forecast $9.18 billion Shares up more than 2% in premarket trade (Reuters) – SLB (SLB.N), opens new tab raised its quarterly dividend and accelerated share repurchases on Friday after the oilfield services provider posted better than expected fourth-quarter …
SLB Boosts Dividend and Buybacks After Q4 Beat Expectations Read More »
Doug Burgum tapped to lead Interior Department, energy council Former governor made his fortune in accounting software By Jennifer A Dlouhy The US risks forfeiting a global competition to dominate artificial intelligence if it doesn’t build more reliable, always-on electricity to supply the industry, President-elect Donald Trump’s pick to lead the Interior Department warned Thursday. …
US Needs More Electricity to Win AI Race, Says Trump Energy Czar Read More »
(Reuters) – U.S. Interior Secretary nominee Doug Burgum told lawmakers during his confirmation hearing on Thursday that permitting reform is needed to speed energy projects, particularly to boost power production. “We’ve got to get to work in permitting reform and speeding permitting right now,” he said. “Electricity is at the brink. Our grid is at …
US Interior Nominee Says Permitting Reform Needed to Speed Energy Projects Read More »
(Reuters) – U.S. natural gas storage is on track to end the November-March winter withdrawal season at a three-year low of 1.811 trillion cubic feet (tcf) on March 31, 2025, according to analysts’ estimates. That compares with an eight-year high of 2.306 tcf of gas in storage at the end of the winter withdrawal season …
US NatGas End-of-Season Storage to Slide to Three-Year Low in March Read More »
