Trump meets with tech giants to discuss energy pledges ahead of midterm elections
The U.S. president?Donald Trump will meet with leaders of technology companies on Wednesday, including 'Google, Meta and OpenAI. They are expected to formalize an agreement to protect consumers from the rising costs of electricity due to the rapid growth of data centers that use a lot of energy.
Trump meets with tech giants to discuss energy pledges ahead of midterm elections
U.S. president Donald Trump will'meet with leaders of major technology companies on Wednesday, including Google, Meta and?OpenAI to formalize an agreement to protect consumers from the rising costs of electricity due to the rapid growth in energy-intensive data centres. The White…
Japan's Middle East Energy Dependency - and How it Mitigates Shocks
Around 95% of Japan's oil and 11% of its liquefied gas is imported from the Middle East. Around 70% and 6% of these imports come via the Strait of Hormuz which has been effectively closed by the Iran War. Here's a breakdown of Japan's energy dependence on the Middle East and how it can reduce its import risk.
METI does not see any need for an emergency LNG supply, despite the fact that Japanese utilities have increased their LNG reserves
The Ministry of Economy, Trade and Industry said that major Japanese utilities have increased their liquefied gas stocks by 10% to?2,19 million metric tonnes last week. The LNG stocks of Japan's utilities, the second largest LNG buyers in the world, equaled around 12 days domestic consumption for the week ending March 1.
Russell: China imports most energy but has the best position on Iran
China is the largest energy importer in the world and would appear to be vulnerable to the rise in crude oil and gas prices caused by the conflict between Israel, the United States and Iran. China's huge crude oil stockpile is a buffer against price spikes. This means that any energy-driven inflation in other parts of the world won't hit China.
Russell: China imports most energy but has the best position on Iran
China, the world's biggest energy importer, is vulnerable to the rise in prices of crude oil and natural gas caused by the conflict between Israel and United States against Iran. China's huge crude oil stockpile is likely to be a buffer against any price spikes in the world, so that any energy-driven inflation will not affect China.
Minister: Qatar LNG stoppage won't affect Japan's energy supplies immediately
Qatar's LNG production halt caused by Iranian strikes won't affect Japan's supply of energy immediately. If there is an impact, Japan can tap the spot market, or utilities can buy from one another, said Trade Minister Yosei Acazawa on Tuesday. Akazawa said at a regular news conference that Qatari LNG accounts for 4% (of Japan's total LNG) imports.
Wall Street closes with a narrowly mixed result, but trading is volatile following air strikes on Iran
U.S. stock prices ended Monday close to flat after a volatile session that saw shares fall early following the weekend's?U.S. Israeli air strikes against?Iran.?But there were bounces all day long as investors bought dips. The coordinated U.S.-Israeli strikes against Iran last weekend resulted in the death of Tehran's Supreme leader…
Sempra lifts capital spending plan, beats quarterly profit estimates
Sempra, a company that provides energy infrastructure, raised its capital plan for the next five years by 16%. It also beat Wall Street's estimates of?fourth quarter adjusted profit. This was due to higher demand for power and investments made in grid modernization. In premarket trading, shares of a?company increased by?1.8%. U.S.
Spain's Endesa focuses on grid investments under new three-year plans
In a Tuesday strategy update, Endesa said it would 'increase investments in power network upgrades, primarily, and 'boost shareholder returns in the next three to four years based on increasing earnings. The massive blackout in Spain and Portugal that occurred on April 28, last year, has highlighted the necessity of spending more on the grid.
Trump EPA will weaken the rule limiting harmful air toxins and mercury from coal plants
The Trump administration announced Friday that it would roll back clean air regulations that limit mercury and hazardous toxic pollutants from power plants. Public health groups warned it would harm America's most disadvantaged. The Environmental Protection Agency of President Donald…
Trump EPA will weaken the rule limiting harmful air toxics and mercury from coal plants
The Trump administration announced Friday that it would roll back air regulations for power plant?limiting mercury, and hazardous air toxin at an?event? in Kentucky. It says this will boost baseload electricity but public health groups claim it will harm the health of America's most vulnerable populations.
Maguire: Maguire, China's renewables boom has boosted it to a rare clean-capacity club.
In 2025, the world's largest polluter will have crossed a crucial energy transition threshold by installing more clean power than fossil fuel production capacity for the first. Global Energy Monitor data shows that China will have 1,494 gigawatts (GW) of clean energy generation capacity operating in 2025.
India looks at increasing gas usage during peak hours in order to guarantee power supply
India's top power official revealed on Friday that the country is looking at whether its under-used, gas-fired plants can be used during evening peak hours to provide flexibility in generation as renewable energy grows rapidly. Gas-fired power generation is usually only maximized during the summer peak months, because it's relatively expensive.
Modi's rooftop Solar push is slowed down by unwilling lenders, states
Vendors and analysts claim that despite the heavy subsidies, I ndian Prime Minister Narendra Modi is not able to achieve his targets due to loan delays and limited state support. These shortfalls are the latest "challenge" to India's efforts at nearly doubling clean energy capacity by 2030 to 500 gigawatts.
Ormat signs geothermal power agreement with NV Energy for Google to supply 150 MW
Ormat Technologies, a renewable energy company, announced on Tuesday that it had entered into a long-term agreement to purchase geothermal power from NV?Energy in order to support Google's?operations?in?Nevada. Ormat will be able to create a number of geothermal projects in Nevada between 2028-2030 with the agreement for 150 megawatts.
Zeo Energy signs agreement to develop 280MW of power for Creekstone Data Center in Utah
Zeo Energy announced on Wednesday that it had'signed a Memorandum of Understanding' with privately-held Creekstone Energy for the development of 280 megawatts worth of power generation to be used in a data center currently under construction in Millard County. U.S. utilities, as well as independent power developers…
Microsoft will continue to buy enough renewable energy for all its needs
Microsoft has pledged to "keep buying enough renewable energy to meet all of its electricity needs" after meeting this goal for the first year. Tech giants are ramping up capital expenditures on an AI driven expansion of power hungry data centres. Microsoft announced on Wednesday…
NYT reports that US EPA plans on loosening mercury rules for coal-fired plants this week.
The 'New York Times' reported on Wednesday that the Trump administration will loosen restrictions this week on coal-burning power plants, allowing them more freedom to emit a variety of?hazardous pollutions, including mercury. The paper reported that senior U.S. Environmental Protection…
Maguire: Maguire, China's renewables boom has boosted it to a rare clean-capacity club.
In 2025, the world's largest polluter will have crossed an important energy transition threshold by installing more clean power generation capacity than fossil fuel generation capacity. Global Energy Monitor data shows that China will have 1,494 gigawatts (GW) of clean power generation in operation by 2025.