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The small modular reactor (SMR) concept has long been viewed by many within the nuclear sector and by policymakers as somewhat of an arriviste—an upstart with bold promises but lacking […] The post 2023: A Transformative Year for Small Modular Nuclear Reactors appeared first on POWER Magazine.
Looking over the stats from 2023, the following five articles were the most-viewed by our audience, which includes many power industry […] The post POWER’s Top 5 Posts from 2023 appeared first on POWER Magazine. POWER magazine’s website gets millions of pageviews every year.
power grid. […] The post What FERC Order 2023 Means for the Interconnection Queue appeared first on POWER Magazine. In recent years, concerns about the lengthy interconnection queue have dominated headlines. This queue has emerged as a major obstacle to adding new generating facilities to the U.S.
Adds 33 GW of New Solar Capacity in 2023 appeared first on POWER Magazine. A new report from the Solar Energy Industries Association (SEIA) and the Wood Mackenzie research group said the U.S. solar sector is expected to add a record 33 GW of […] The post Report: U.S.
A report from a leading wind power trade association said a record 117 GW of new wind energy generation capacity was installed worldwide last year, a 50% increase from the […] The post Group Says Record 117 GW of New Wind Power Generation Installed in 2023 appeared first on POWER Magazine.
The introduction of Volta Trucks’ 100% battery-electric commercial vehicles into North America will be led in 2023 by a Volta Zero Class 7 […]. Debut in California in 2023 appeared first on NGT News. The post Volta Trucks’ Volta Zero Will Make U.S.
US BESS installations ‘surged’ in 2023 with 96% increase in cumulative capacity, ACP says USBESSinstallations‘surged’in2023with96%increaseincumulativecapacity,ACPsaysTheoperatingcapacityofbatterystorageintheUSgrewby7.9GWlastyear,bringingthe.
The post New Electric Walk-In Van from EAVX, REE Begins Testing for 2023 Release appeared first on NGT News. The class 5 vehicle debuts the EAVX body design powered by REE’s modular P7 platform. Evaluations of the new electric walk-in step […].
Development of polysilicon industry in 2023 1.Developmentoftheglobalpolysiliconindustryin2023Bytheendof2023,theglobaltotalpolysiliconproductioncapacitywillbeapproximately2.458milliontons/year,an.
Chinese crude oil imports topped 12 million barrels per day (bpd) in March, the highest volume since August 2023, as flows of Iranian and Russian crude rebounded from the lows seen early this year with the U.S. The import volumes in March were the highest since August 2023 and were much higher China imported a total of 51.41
IEA Reports: Solar Capacity Surges by 85% in 2023, Outpacing Other Renewables CleanEnergyGrowthTwiceThatofFossilFuelsSince2019Since2019,theworldhasseenaremarkablesurgeincleanenergydeployment,drivenbygovernmentresponsestotheCovid.
GW Increase in Solar PV Capacity in 2023 Austriainstalled2.6GWofnewsolarcapacityin2023,nearlytriplingitsannualadditionsandbolsteringemploymentinthesector.Withthisincrease,Austria'scumulativei. Austria Achieves 2.6
Italy had 2,022 MW/3,836 MWh of new distributed energy storage capacity in 2023 AttheendofDecember,Italyhadacumulativedistributedstoragecapacityof3,367MW/6,645MWh.Themajorityofstoragesystems,totaling516,475units,werepoweredbylithi.
Tesla’s 2023 Earnings Soar to Record Heights, with its Robust Energy Storage Business Growth OnJanuary24th,EnergyTrendreportedTesla'sfinancialresultsforthefourthquarterandtheentireyearof2023.Accordingtotheearningsreport,Teslarakedinawhopping$9. Accordingtotheearningsreport,Teslarakedinawhopping$9.
China's photovoltaic module production exceeds 500GW in 2023, a year-on-year increase of more than 75%! DevelopmentoftheglobalmoduleindustryFromtheperspectiveofindustryscale,bytheendof2023,theglobalmoduleproductioncapacityandoutputwillreach1103GWand612.2.
In 2023, 46.4 Now, under the new Labour government, the U.K. hopes to expand its wind power sector even further through the massive expansion of the Rampion offshore wind farm. This is expected to help the government progress towards achieving its net-zero carbon ambitions.
Exxon announced its plan to take over one of the biggest operators in the shale patch, Pioneer Natural Resources, in late 2023. After all, thats what the consolidation drive was all about. The value of the deal was calculated at $59.5 At the time, Exxon said the
Photo by Sandra Parra on Unsplash) Nigeria has the largest economy in Sub-Saharan Africa, with an estimated population of 226 million as at 2023. Transitioning to renewables offers solutions. Samuel Ajala reports. A significant amount of the economy is powered… Source
IRENA: 70% Global Renewable Deployment Led by Asia in 2023. Global renewable deployment over 2023 reached a total capacity of 3,870 GW—a new record in the power sector, according to the International The post POWER Digest [May 2024] appeared first on POWER Magazine.
power generation in 2023, several state and federal policies aimed at reducing greenhouse gas emissions are bolstering interest in hydrogen […] The post THE BIG PICTURE: Hydrogen Cofiring at U.S. While natural gas power accounted for 43% of total U.S. Gas Power Plants (Infographic) appeared first on POWER Magazine.
million barrels daily went into storage last month in China, citing official data from Beijing and noting that this is the highest rate of storage inflows since June 2023. Reuters Clyde Russell reported that 1.74 Run rates at Chinese refineries during the same month averaged
As part of the President’s Budget for fiscal year 2023 (FY 2023) submitted to Congress, the Department of Transportation’s proposed budget is $142 billion. FY 2023 will be the second year of the implementation […].
billion in April, the lowest level since June 2023, according to data in the Oil Market Report by the International Energy Agency (IEA) published on Thursday. Russias revenues from oil exports slumped to $13.2 Russian crude prices averaged $55.64 per barrel in April with all major export grades
The volume of Russian crude oil exports in the four weeks to May 25 barely changed from the previous four weeks to May 18, but the value of the shipments dropped to the lowest level since April 2023, according to the data reported by Bloombergs Julian Lee. In the four weeks to May 25, Russia exported on average 3.39
The eight OPEC+ countries that pledged additional voluntary output reductions in 2023 have announced that they will proceed with their plan to gradually roll back the reductions. million barrel per day cut from April.
A major Pennsylvania coal-fired power plant, the largest coal-burning facility in the state before it was closed in 2023, may be converted to a natural gas-fired station. Officials in Homer […] The post Largest Pennsylvania Coal-Fired Plant Will Convert to Natural Gas appeared first on POWER Magazine.
Oil and Gas 360 April 28, 2023 For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. NSAI is pleased to announce it is hosting its Oil & Gas Property Evaluation Seminar in Dallas this year with a two-day session on May 1-2, 2023.
Russia sees its pipeline and LNG overseas deliveries surge from 146 billion cubic meters (bcm) in 2023 to 293 bcm in 2030, and further up to 438 bcm by 2050. million barrels per day (bpd), in 2023 to 540 million tons, or 10.8 Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66
Installations of new solar power generation capacity this year are expected to nearly double the amount that was built in 2023, according to the U.S. Energy Information Administration (EIA). The […] The post EIA: Solar Will Surge in 2024, Account for More Than Half of New U.S. Capacity appeared first on POWER Magazine.
From 2007 to 2023, American carbon emissions fell by 20 percent from an all-time high, and emissions. Using hard facts, a post on the Capital Research Center website proves that the change from burning coal to produce electricity to burning natural gas has resulted in a significant decrease in carbon dioxide emissions in the U.S.
The eight OPEC+ countries that provided additional voluntary output cuts in 2023 met again on Saturday, with the May meeting ending with a resolution similar to the April meeting. oil output.
However, the oil price boom of 2022/2023, political backlash against ESG led by Republican politicians as well as claims about greenwashing have made ESG investing lose plenty of luster. To wit, Texas has barred state entities, including
Highland Electric Fleets, a provider of school bus fleet electrification-as-a-service, says it is partnering with Baltimore City Public Schools (City Schools) to install 25 chargers and deploy 20 Type C electric school buses (ESB) from IC Bus and 5 Type A ESB from Collins Bus during the 2023-2024 school year.
In November 2023, CNX Resources CEO Nick DeIuliis signed a voluntary deal with Pennsylvania Gov. Josh Shapiro to expand drilling setbacks and several other regulatory steps not mandated for shale drillers under PA law (see CNX Signs Deal with PA Gov. to Increase Setbacks, Other Changes).
bn pickup of Spartan Deltas Montney acreage in 2023 and followed that quickly with another multi-billion dollar deal taking out Hammerhead Energy later the same year. Both companies have previously been active in Canadian M&A, with Whitecap acquiring XTO Canada in 2022 for $1.9 Formerly known as Crescent Point, Veren Inc.
One example of this situation is the Le Havre floating terminal, commissioned by Frances TotalEnergies in 2023 as part of emergency measures in response to the energy crisis following the Russian invasion of Ukraine. The Cape Ann, the floating storage
In 2023, less than a tenth of planned green hydrogen projects were actually carried out. Lofty goals were set to implement green hydrogen into the transport, shipping, manufacturing, and energy storage industries, with the promise that hydrogens versatility would allow for the decarbonization of even the most hard-to-abate sectors.
billion in 2023 and $8.9 Emerging and state-backed players are already leading the way, leveraging diversification and innovation to future-proof their positions.BP logged a record $28 billion profit in 2022, which dropped to $13.8 billion in
data centers consumed an estimated 150 TWh of electricity in 2023—equivalent to around 3% of the nation’s power […] The post THE BIG PICTURE: How Much Power Will Data Centers Consume? Driven by artificial intelligence (AI), cloud computing, and the digital transformation, U.S. Infographic) appeared first on POWER Magazine.
In late 2023, the U.S. Department of Energy (DOE) announced a $7 billion initiative to establish seven Regional Clean Hydrogen Hubs, aiming to scale the use of cost-effective clean hydrogen. […] The post Hydrogen Attracts Significant Investments to Support a Decarbonized Energy Economy appeared first on POWER Magazine.
The Texas Energy Fund was established in 2023 The Public Utility Commission of Texas (PUCT) is currently reviewing the extension of$5.38 billionworth of low-interest loans to companies planning nearly 10 gigawatts (GW) of new natural gas-fired capacity in a bid to boost generation capacity for ERCOT.
Natural gas reserves in Pakistan remained relatively flat last year compared to the gas reserve estimate for 2023. The key fields contributing to the increase include Pasakhi/Pasakhi North East, Rajian, Kunar, Sono, Thora, Jhandial, and Lashari Centre, according to a report by Arif Habib Limited cited by Pakistani media.
Although Russian LNG accounted for just 5% of the blocs energy consumption in 2023, it still netted the Similar to previous sanctions, the import ban is intended to disrupt Putins ability to continue financing his war in Ukraine.
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