Category: Energy News Beat

Navigating Market Sensitivities: A Deep Dive into Winter Forecast Impacts on LNG Trade

Energy News Beat Navigating Seasonal Uncertainties In the volatile world of LNG trade, understanding the impact of winter on market dynamics is crucial. This commentary introduces a novel approach: scenario planning as a strategic tool for navigating seasonal uncertainties. The key insight is that grasping market trends and dynamics is more critical than predicting exact […]

Microsoft goes atomic — World’s most valuable company just hired a director of nuclear development acceleration to help power its very own AI revolution

Energy News Beat It’s well-known that data centers consume a staggering amount of energy, with about 1-1.5% of all global electricity usage thought to be dedicated to their operation. Tech companies have largely focused on powering these through renewable and sustainable energy sources in an effort to boost their green credentials and address climate change. […]

Prodigy and Westinghouse Targeting Launch of eVinci Floating Nuclear Plant in Canada by 2030

Energy News Beat Westinghouse has revealed it is designing a transportable nuclear power plant (TNPP) featuring an eVinci microreactor with Canadian firm Prodigy Clean Energy, aiming to deliver a first project in Canada by 2030. The project will potentially integrate a single or multiple 5-MWe eVinci microreactors within a Prodigy Microreactor Power Station—a purpose-designed floating […]

The US says it needs 22m acres for the solar energy transition – here’s what that looks like

Energy News Beat The Bureau of Land Management proposed using 22m acres of public land for solar projects – roughly the size of Maine, or an area larger than Scotland If the US is to rid itself of fossil fuels then one of its primary replacements, solar energy, is going to need land. A lot […]

FERC COMMISSIONER MARK CHRISTIE – WE’RE HEADED TOWARD A VERY BAD PLACE

Energy News Beat Commissioner Mark Christie, who is a strong advocate for grid reliability, took the opportunity to talk about the week’s winter storms during a Federal Energy Regulatory Commission (FERC) January 18, 2024, open meeting. Commissioner Christie commended the nation’s system operators for a job well done in maintaining power throughout frigid temperatures and snow […]

The IL-76 Shootdown By A US Patriot Missile Could Lead To Zaluzhny’s Replacement With Budanov

Energy News Beat All things considered, blaming Zaluzhny – perhaps by claiming that he should have verified alleged intelligence about the IL-76’s cargo before shooting it down in order to make this seem like an unfortunate accident – is the most politically convenient option at Zelensky and his US patron’s disposal. It could shift the […]

Senate Opens Door to Massive Carbon Tax Despite Critical Economic Concerns

Energy News Beat This week, Congress took a step toward passing a carbon tax—an inflationary, regressive tax on all products that would lower economic growth; make all Americans worse off; and disproportionately harm poor people, farmers, and small businesses. Politicians have rightly rejected carbon taxes in the past and should continue to do so. On Jan. 18, the Senate Environment and […]

Nuclear power output expected to break global records in 2025

Energy News Beat Nuclear power generation is likely to break records in 2025 as more countries invest in reactors to fuel the shift to a low-carbon global economy, while renewable energy is likely to overtake coal as a power source early next year, data has shown. China, India, Korea and Europe are likely to have new reactors come […]

Eemshaven LNG terminal gets 82nd cargo, plans to start maintenance this week

Energy News Beat The FSRU-based LNG import facility in the Dutch port of Eemshaven, owned by Gasunie and Vopak, has received 82 shipments since its launch in September 2022, mostly from the United States. Operated by EemsEnergyTerminal, the LNG hub consists of two chartered floating storage and regasification units – the 170,000-cbm FSRU Energos Igloo, […]

Rise in relatively denser crude oil production drives U.S. growth

Energy News Beat Data source: U.S. Energy Information Administration, Monthly Crude Oil and Natural Gas Production Crude oil production in the United States reached a record high in August 2023, led primarily by more production in Texas. In 2023, most of the crude oil produced in Texas was relatively dense for the state. API gravity measures the density […]