Empty shelves that usually stock bottled water at Sainsbury’s supermarket, Greenwich Peninsular, on September 19, 2021 in London, England. Chris J Ratcliffe | Getty Images LONDON — Britain has been plunged into uncertainty as issues over gasoline, electricity and food have prompted warnings of “a really difficult winter” for the country. A significant lack of
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Naftogaz CEO Yuriy Vitrenko. Anatolii Siryk | Ukrinform | Barcroft Media | Getty Images LONDON — The chief executive of Ukrainian state energy giant Naftogaz has accused Russia’s Gazprom of using natural gas as a geopolitical weapon, calling on the U.S. and Germany to take action against Moscow while it awaits regulatory approval for a
By Simon Alvarez Posted on September 24, 2021 Tesla Gigafactory Berlin is quietly moving towards its start of operations. While the facility’s development has been largely overshadowed by the progress of projects such as Gigafactory Texas, the last official step for Giga Berlin’s final approval has begun through a virtual hearing by mail. The process
In our latest Short-Term Energy Outlook (STEO), we forecast that electricity generation from U.S. hydropower plants will be 14% lower in 2021 than it was in 2020. Extreme and exceptional drought conditions have been affecting much of the western United States, especially California and states in the Pacific Northwest, which are home to the majority of U.S.
China’s pledge to stop building new coal-fired power projects overseas could improve the reputation of its massive Belt and Road Initiative, said the president of the Asian Infrastructure Investment Bank. Chinese President Xi Jinping made the pledge on coal on Tuesday at the United Nations General Assembly. He said China will support other developing countries
Brent crude futures settled at the highest level in almost three years as supplies shrink at a time when a global energy crunch makes it increasingly likely oil will be tapped for power generation. The global benchmark crude rose 1.4% on Thursday to close at the highest level since October 2018, while U.S. crude futures
In this article ULVR-GB VOW3-DE TSLA Volvo is one of several automakers looking to change the materials used in its vehicles. Artur Widak | NurPhoto | Getty Images Volvo Cars wants all the models it sells to be leather-free by 2030, a move which represents the latest example of how automakers are looking to make
By Joey Klender Posted on September 23, 2021 A Rivian R1T prototype was involved in a strange accident involving two parked vehicles in a California lot. According to eyewitnesses, the R1T mounted a curb and traveled at least 50 feet before colliding with a Mercedes-Benz S Class and a Ford Explorer. The R1T climbed over
According to a new report from Korea, Tesla is currently in talks with Samsung Electronics to produce its next-gen Full Self-Driving chip. The new chip is expected to first launch in the Tesla Cybertruck next year. Back in 2016, Tesla announced that all its vehicles going forward will be produced with all the hardware necessary
WASHINGTON, D.C. — Steep duties proposed by an anonymous group of petitioners would devastate thousands of U.S. solar companies and cause the industry to miss out on 18 gigawatts (GW) of solar deployment by 2023, according to the Solar Energy Industries Association (SEIA). The petitions now before the Department of Commerce would create 50–250% duties on
U.S. Energy Secretary Jennifer Granholm speaks about the Colonial Pipeline cyberattack shut down during a press briefing at the White House in Washington, May 11, 2021. Kevin Lamarque | Reuters Climate change became a personal event for a third of Americans this summer, Secretary of the U.S. Department of Energy Jennifer Granholm said on Wednesday.
Oil advanced after U.S. crude inventories slid to the lowest since October 2018 amid a global energy crunch expected to increase demand. Futures in New York rose 2.5% on Wednesday. Domestic crude stockpiles fell for a seventh straight week to about 414 million barrels, according to an Energy Information Administration report. Meanwhile, U.S. equities
choja | E+ | Getty Images The Solar Energy Industries Association said Wednesday that implementing tariffs on panels and cells from Malaysia, Vietnam and Thailand, which account for 80% of the U.S.’ panel imports, would have a “catastrophic impact” on the industry. In a letter to Commerce Secretary Gina Raimondo, more than 190 U.S. solar
By Simon Alvarez Posted on September 22, 2021 Former Tesla Chief Technical Officer JB Straubel’s battery recycling startup, Redwood Materials, has secured a deal with veteran automaker Ford. The two companies are looking to utilize their new partnership to develop a robust and sustainable battery supply chain in the United States, a goal emphasized by
Don’t watch these ads if you are easily offended. They are honest and intelligent, but full of Aussie bawdy humour and satire. Each ad is only a few minutes. Regarding the first one, how does the Australian government support electric vehicles? It doesn’t! [embedded content] Renewable energy? No thanks! [embedded content] Climate change…. [embedded content]
The Point of Ayr Gas Terminal in Talacre, Wales, on September 20, 2021. Christopher Furlong | Getty Images The British government is considering bailout loans to help steer energy suppliers through the ongoing gas pricing crisis. U.K. Business Minister Kwasi Kwarteng told Sky News on Tuesday that “a lot of options” were currently being considered,
Oil ended modestly higher after a choppy session as concerns over growing tight supply outweighed fears over the state of China’s economy. Futures in New York closed 0.4% higher, posting the first gain in nearly a week as traders focused on growing supply constraints in the U.S. Gulf of Mexico following lasting damage from Hurricane
In this article 9503.T-JP RDSA-GB EQNR-NO Statkraft Norway’s Statkraft said Tuesday that a long-term purchasing agreement related to a floating offshore wind farm dubbed “the world’s largest” had started, in another step forward for the energy sector. The Kincardine Offshore Windfarm is a six turbine, 50 megawatt facility located in waters off the coast of
DUBAI, United Arab Emirates — Soaring gas prices are the cost of the attempted shift to renewable energy sources, OPEC Secretary General Mohammed Barkindo told CNBC on Tuesday. “I have talked about a new premium that is emerging in the energy markets that I term the transition premium,” Barkindo told CNBC’s Dan Murphy at the
By Simon Alvarez Posted on September 21, 2021 Ford, and its executives for that matter, has never been one to shy away from throwing shade at competitors like Tesla. Back in December last year, for example, Ford EV boss Darren Palmer made it a point to state that the Mustang Mach-E would not have the
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