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

OilPrice

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. However, steady cost declines coupled with rising energy density levels have encouraged utilities to ramp up their battery installations, with…

Utilities 269
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OPEC Reports a Global Oil Production Decline in 2024

OilPrice

Global crude oil production declined by 1% last year, for the first time since 2020, averaging 72.58 million barrels daily, OPEC said in the latest edition of its Annual Statistical Bulletin.

Oil 316
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China Leads the World in AI Energy Innovation

OilPrice

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

Energy 265
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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. Natural gas-fired generation and its share in the…

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World oil market may be tighter than it looks, IEA says

Oil & Gas 360º

Nonetheless, the agency said this year’s forecast for global demand growth of 700,000 bpd is the slowest since 2009, excluding 2020 when demand contracted due to the COVID pandemic. The IEA, which advises industrialised countries, expects global supply to rise by 2.1 It was trading near $69 on Friday.

IT 130
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Is geothermal energy ready to make its mark in the US power mix?

McKinsey

Skip to main content Is geothermal energy ready to make its mark in the US power mix? July 17, 2025 | Article Adam Barth   Clint Wood Maximilian Moosburger   Bobo Stankovikj Next-generation geothermal energy may soon be a cost-competitive way to fill the need for clean, firm power in the United States. ” McKinsey, March 21, 2023.

IT 100
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IEA sees 2025 energy investment hitting $3.3 trillion

Oil & Gas 360º

Demand for oil this year, according to the IEA, is set to decline for the first time since the pandemic lockdowns of 2020. (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.

Energy 130