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U.S. Utility-Scale Battery Storage Has Surged 15-Fold Since 2020

OilPrice

electricity networks, with power utilities focusing more on building out capacity from natural gas plants and renewable energy sources. According to energy data portal Cleanview, five years ago, the United States had 74 times more wind farm capacity and 30 times more solar capacity than battery capacity within its power generation system.

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China Leads the World in AI Energy Innovation

OilPrice

China is increasingly integrating artificial intelligence into its energy system to increase the sector’s efficiency and enhance national energy security. As early as 2020, the Chinese state-owned natural gas giant Gas Holdings Ltd.

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Middle East Gas Exports Soar to Meet Global Demand

OilPrice

The Middle East is on track to surpass Asia to become the world’s second-largest gas producer in 2025, ranking only behind North America, according to Rystad Energy research and analysis.

Gas
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Puerto Rico's Energy Crisis Deepens with LNG Contract Dispute

OilPrice

Weeks after New Fortress Energy rallied on news of a temporary contract extension for LNG supply to Puerto Rico, Bloomberg now reports the island has idled temporary power plants after the company abruptly halted a critical gas shipment, raising the risk of power outages at the peak of summer demand.

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Critical Minerals Fuel Geopolitical Competition

OilPrice

The clean energy revolution will depend on a steady supply of critical minerals to support the manufacturing of a wide range of technologies, from wind turbines to electric vehicle batteries. The United States Energy Act of 2020 provided an operational definition of ‘critical minerals’ as those that are: essential…

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IEA sees 2025 energy investment hitting $3.3 trillion

Oil & Gas 360º

(Oil Price) – Energy investments this year are set to hit $3.3 trillion on the back of a strong increase in spending on things such as wind and solar, the International Energy Agency has forecast. trillion, the total for what the IEA calls clean energy certainly seems impressive.

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India’s Power Pivot as Coal Cracks and Renewables Surge

OilPrice

Despite the lowest coal prices in Asia in four years, India’s coal power generation dipped in May to the lowest since the Covid lockdowns of 2020, as a lack of heatwaves and soaring renewable energy installations and generation pushed down coal demand in the electricity sector.