Category: Energy News Beat

Texas plant to generate 10 MW of power with desk-sized turbines

Energy News Beat A turbine the size of a regular office desk could soon power 10,000 households, as per a press release from the Southwest Research Institute (SwRI), which has set up a pilot plant in San Antonio, Texas. Called the Supercritical Transformational Electric Power (STEP), the demo pilot plant has seen the SwRI collaborate with GTI […]

Havfram winds up offshore wind development unit Kontiki Winds

Energy News Beat Norway’s Havfram has discontinued its business unit dedicated to early-phase development of offshore wind farms, Kontiki Winds. The news came hot on the heels of Havfram’s announcement of collaboration ending with RWE and NTE on the bid to build up to 1.5 GW of new floating offshore capacity in Norway. Commenting on the move, […]

EV Makers Turn to Discounts to Combat Waning Demand

Energy News Beat Buyers looking to get a bargain on a new car might want to consider an electric vehicle. As sales growth has slowed for battery-powered models, automakers and dealers are slashing prices and piling on discounts to clear out unsold inventory. Some automakers, such as Hyundai Motor and Ford Motor, are this month offering cash rebates as high […]

REPORT: Google’s Green Dream Goes Downhill — Google’s 100% Electric Bus Loses Power, Causes Mayhem on San Francisco Slope (VIDEO)

Energy News Beat Google’s ambitious dive into the world of electric transportation faced an unexpected roadblock… or rather, a hill. According to World Peace Exclusive, the tech’s lauded “100% Electric Bus” took on San Francisco’s iconic hilly terrain, only to lose power midway up, roll backward, and turn into a four-wheeled pinball, colliding with reportedly […]

Stellantis’ new Ram pickup is an EV — with a gas-powered generator in case the battery runs out

Energy News Beat Stellantis plans to produce an industry-first pickup for its Ram Trucks brand that’s equipped with an onboard gas engine and electric generator. The truck can operate as a zero-emissions EV until the vehicle’s battery dies and an electric onboard generator — powered by a 3.6-liter V6 engine — kicks on to power […]

Newmont to sell mines after Newcrest acquisition

Energy News Beat Newmont Corp. (NYSE: NEM) plans to raise $2 billion in cash through mine sales and project divestments following the acquisition of Australia’s Newcrest Mining. The approximately $15 billion deal was completed on Monday. The acquisition brings the company’s value to around $50 billion and adds five active mines and two advanced projects […]

Iran’s Proposed Embargo Could Cause Chaos In Oil Markets

Energy News Beat Iran has urged OPEC members to halt oil exports to countries supporting Israel, echoing the 1973 oil embargo, which dramatically increased oil prices and altered global economies. The call for an embargo is a response to the Israel-Hamas conflict, with the potential to significantly disrupt global oil supply and prices. As it […]

More harm than good: scope 3 emissions disclosures risk being too broad

Energy News Beat The other evening, I was a panellist at an event bringing together energy companies, investors, bankers and other interested parties, to discuss the ways in which companies and investors communicate on issues relating to the energy transition. We discussed various questions around what investors want from companies, how engagement should work, and […]

Sinopec’s colossal LNG tank bolsters winter gas supply – 541M gallons

Energy News Beat China Petroleum & Chemical Corporation (Sinopec) achieved a significant milestone on November 2, 2023, as they officially put into service the world’s largest LNG storage tank at their Qingdao LNG Receiving Terminal. With a staggering storage capacity of 541M gallons, this monumental tank stands as a cornerstone in reinforcing China’s natural gas supply […]

UK probably in recession – Bloomberg

Energy News Beat 7 Nov, 2023 09:52 HomeBusiness News The country’s GDP data for Q3 is due later this week, but analysts suggest all signs point to a contraction The UK is likely already in a recession due to soaring interest rates and rising unemployment, Bloomberg reported on Monday. According to analysis by Bloomberg Economics, […]