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US offshore wind sector will miss Biden's 2030 target

Location:

UNITED STATES

Although the Inflation Reduction Act (IRA) is already channelling new funds into renewable energy, the US offshore wind sector faces financial challenges that will make Biden’s…

Competition in the AI value chain will be fierce

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INT

This follows a similar launch by Databricks, a cloud-based AI data management platform. Companies along the AI value chain are increasingly launching new GenAI models to funnel…

Cleaner GDP as nations grow helps to cut CO2 emissions

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INTERNATIONAL

The energy intensity of production declines as economies become more prosperous, and since 2000 emissions from energy production have fallen. The extent to which these trends will…

Romania will boost its nuclear industry

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ROMANIA

The two reactors will add 1,440 megawatt (MW) capacity to the Romanian grid. The upgrade, and associated development of domestic nuclear fuels and waste management, promises to…

Seized Western assets will go to Kremlin allies

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RUSSIA

This follows the transfer of the assets of energy companies Uniper and Fortum three months earlier. Temporary management is likely to end in eventual nationalisation, and a…

Saudi Arabia’s renewables drive will face challenges

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SAUDI ARABIA

Saudi Arabia has made significant progress since 2021 in developing its renewable energy sector. However, it contributes less than 5% to total electricity output. By end-2023…

Tripling renewable power scale by 2030 is unfeasible

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INT

This means increasing wind and solar capacity more than threefold. Although solar photovoltaics (PV) could exceed expectations, wind power is unlikely to expand fast enough. As…

US Democrats may struggle to gain from investment push

Location:

UNITED STATES

The IRA unabashedly uses major government subsidies to attract corporate investment, with an emphasis on advanced manufacturing and clean energy. It is emerging as a central…

EU sets out ambitious carbon management strategy

Location:

EU

The proposals represent a major shift towards activism in the EU’s approach to Carbon Capture and Storage (CCS). Demand will come from storage sites and the production of…

US oil and gas revival will reach new records in 2024

Location:

UNITED STATES

Unlike earlier booms based on exploiting new fields, US producers are raising production by adopting new technologies, process efficiencies, economies of scale and financial…