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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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A Wind Power Crisis Is Holding Back the World’s Green Energy Goal

CDN and International News, Latest, Renewable Energy, Solar, Wind / By

While solar deployment is accelerating, bottlenecks in the wind industry are jeopardizing the chance to meet a global target to triple renewable capacity by 2030.  The world’s green power goal has a wind problem. At the COP28 climate talks in Dubai last year, leaders from more than 130 nations agreed to triple renewable power capacity by the end of the …

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Why a Global Energy Company has Standardized IntelliView’s AI-Powered Vision Technology for Leak Detection

Featured Articles, Latest / By

The Need A global oil producer and distributor needed a vision technology solution for various aboveground facilities across the U.S. to quickly detect early-stage releases and enable much more timely definitive validation and response at a starting threshold well below that of traditional non-visual leak detection systems such as mass balance and pressure. The Solution …

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