The DOE Budget requests $51 billion in discretionary budget authority for 2025, a $3.6 billion or 7.5 percent increase from the 2023 level.

Google, long interested in clean energy and conservation, is spinning out its Google Nest Renew business and Sidewalk Infrastructure Partners (SIP) is combining it with OhmConnect to create a new company in which SIP will make an initial $100 million investment.

At the start of the month,we saw #Crudeoil longs data jump 17%, partly offsetting wrong-footed sales the previous week.Russia stated that the cut of 500k b/d to meet the quota expectations for the month of February as part of a package of cuts promised by the OPEC+.

Currently, about 15% of Britain's energy needs are met by nuclear power, a drop from 27% in the 1990s as older plants have been decommissioned and new ones are taking time to build.

“Nuclear energy currently provides almost half of the nation’s carbon-free power, and it will continue to play a significant part in transitioning to a clean energy future,” said U.S. Secretary of Energy Jennifer M. Granholm.

When Congress passed the IIJA in 2021, it authorized $1.2 trillion in spending over five years for the country’s critical infrastructure - transportation, energy- broadband, water, technology, healthcare, education and more. Currently, it is estimated that between $345 billion and $400 billion has been disbursed to date.

Europe will need to invest 584 billion euros ($637 billion)to upgrade its power grids this decade, according to European Union estimates.

The inclusion of development projects in Mpumalanga is an attempt to cushion that region from the economic impact of facilities closing down. Almost all of South Africa’s electricity — more than 80% of which comes from coal — is generated in the province.

We estimate Venezuela’s external debt stands at around US$167 billion. The majority is from the sovereign at US$107 billion, with PDVSA adding US$59 billion and ELECAR another US$1 billion. 21% is arrears due to missed interest payments.

The U.S. Department of Energy (DOE) announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide.