Committee chairman Sen. Joe Manchin (D., W. Va.) and other members spoke about the grid needing to rely on fossil fuels longer than expected and attendant delays to the transition to emissions-free energy, upsetting a major part of President Biden’s climate change agenda.

Australia stands on the precipice of an impending power shortage crisis, set to hit households and businesses along its eastern coastline by 2027.

According to a 2021 McKinsey report, we’ll need more than 1.5 TW of long-duration storage by 2040 to maintain grid reliability.

Already in mid-April, August power prices for Dallas soared to $168.70 a megawatt-hour, which was the highest level in five years for this time of the year,

There is a growing political focus on the need to develop renewables, with countries agreeing at the COP28 climate summit in December to work towards tripling capacity to 11,000GW by 2030. 

Consumer involvement in distribution network operations will be beneficial for both consumers and Distribution Companies (DISCOMs).

There are many reasons the U.S. utility grid requires an estimated $2.5t upgrade by 2035, from crumbling infrastructures to keeping up with the increased demand of electrification efforts, all balanced against increasingly volatile weather events.

Production decreased 0.4% in March, led by drops in consumer and intermediate goods, and energy, the statistics office said Wednesday.

ADIPEC 2024 will be held in Abu Dhabi from 4-7 November 2024, with a renewed commitment to advancing tangible action across the entire energy value chain, accelerating decarbonisation and advancing the global energy transformation.

As digital technologies evolve, so too does their appetite for energy. This correlation is particularly evident in the realm of data centers, which are increasingly burdened by the demands of artificial intelligence (AI).

Even as China has dramatically ramped up wind and solar in recent years, its power demand, including from electric vehicles, continues to outpace new supply, creating an ever greater need for fossil fuels.

The transition would also require the electricity sector to invest between $8 – 80 trillion per year over the period in electricity storage facilities, depending on the ultimate cost of electricity storage infrastructure.

The nuclear energy future that is being proposed now – small, flexible reactors distributed everywhere for many uses besides electricity – will not reduce, but will add to the national security risks that are unique to nuclear energy. On top of this, cooperation among key states essential to minimize the safety, security and proliferation risks of nuclear energy is at an all-time low.

The transition to all-electric everything would require an increase in electric generation to approximately 13,000 TWH from a storage supported predominantly intermittent generation fleet of approximately 6,000 GW with a capacity factor of approximately 30%, depending on the mix of wind and solar in the generation fleet.

For 20 years, US electrical power policy has been dominated by efforts to try to “mitigate” global warming, believed to be caused by human greenhouse gas emissions.