Gas prices approaching $5 a gallon are displayed in front of a Shell gas station on October 05, 2021 in San Rafael, California. Justin Sullivan | Getty Images Gas prices have steadily climbed higher this year, and Americans are now paying the most at the pump in seven years. The national average for a gallon
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In this article TSLA It’s been five years since Tesla acquired SolarCity for around $2.6 billion. To convince shareholders to approve the deal, Elon Musk hosted a splashy event in Hollywood, where he held up a shiny roof shingle, which he said was a miniaturized solar panel. SolarCity was founded in 2006 by Musk’s cousins,
The U.S. Department of Energy’s (DOE) Wind Energy Technologies Office (WETO) provides global leadership in fundamental wind energy science research, development, and validation activities that enable low-cost wind energy. The Office pursues opportunities across all U.S. wind sectors — land-based utility-scale wind, offshore wind, distributed wind — as well as addressing market barriers and system
Genex Power, which is focused on developing a portfolio of renewable energy generation and storage projects across Australia, has announced the execution of a supply agreement contract with Tesla for its Bouldercombe Battery Project in Queensland. The company noted that the Tesla energy storage devices are some of the best products available on the market
In this article TSLA F DAI-DE A Volvo C40 Recharge photographed in Stockholm, Sweden, on March 2, 2021. CLAUDIO BRESCIANI | AFP | Getty Images The CEO of Volvo Cars has told CNBC that the automaker’s shift to electric vehicles is the reason behind its planned listing on the Nasdaq Stockholm stock exchange. The company
Workers cut up coal carts in Dec. 2019 at a coal mine in Mentougou, west of Beijing, where many mines have been shut as China scrambles to cut carbon emissions. Greg Baker | AFP | Getty Images China needs to bolster its coal supply to avoid an economic slowdown this quarter, but Beijing’s icy relations
Wall Street may be on the verge of an uncharacteristically painful quarter. Wharton finance professor Jeremy Siegel, who’s known for his positive market forecasts, is sounding the alarm on the market’s ability to cope with inflation. “We’re headed for some trouble ahead,” he told CNBC’s “Trading Nation” on Friday. “Inflation, in general, is going to
A general view shows the Wujing Coal-Electricity Power Station in Shanghai on September 28, 2021. Hector Retamal | AFP | Getty Images BEIJING — Local Chinese authorities have abruptly ordered power cuts at many factories in the last week, reflecting a system trying to react to a number of directives from Beijing, and macroeconomic developments.
The YouTube channel “Corridor Crew” has shared an awesome video demonstrating just how many solar panels it would take to power the world. The video starts off with the host showing us a future time, 2100, and what it would be like if the world successfully transitioned to sustainability and there were no more climate
BOULDER, Colorado — Feeling overwhelmed with details when it comes to going solar? Don’t know where to start? Need to see the numbers for yourself? Check out your neighbor’s solar system and decreased energy bills! The American Solar Energy Society (ASES) invites you to attend their 26th annual ASES National Solar Tour this weekend, October 2-3.
Steam rises from the cooling towers of the Lippendorf power plant south of Leipzig, Germany. picture alliance | picture alliance | Getty Images LONDON — Euro zone inflation hit its highest level in 13 years in September, as the bloc battles surging energy costs. Headline inflation came in at 3.4% last month, according to preliminary
Climate activists have been turning up the heat on two Democratic holdouts who are on the verge of smothering President Biden’s ambitious climate plans, the well known coal stakeholder Senator Joe Manchin of West Virginia and the somewhat lesser known but spotlight-grabbing Senator Kyrsten Sinema of Arizona. Whether or not they continue to hold out
As we trend toward more renewables and distributed energy resources (DERs), the design of the electric distribution system itself imposes physical limitations. These system constraints could lead to issues like overloaded power lines and faults that propagate freely. But what if we could restructure the underlying system to support greater renewable integration and system resilience?
Originally published by Oak Ridge National Laboratory. A team led by the Department of Energy’s Oak Ridge National Laboratory has found a rare quantum material in which electrons move in coordinated ways, essentially “dancing.” Straining the material creates an electronic band structure that sets the stage for exotic, more tightly correlated behavior — akin to tangoing
Aerial view of the Diablo Canyon Nuclear Power Plant which sits on the edge of the Pacific Ocean at Avila Beach in San Luis Obispo County, California on March 17, 2011. Mark Ralston | AFP | Getty Images California is not keeping up with the energy demands of its residents. In August 2020, hundreds of
Courtesy of RMI.By New Energy Nexus Philippines The Philippines is one of the most vulnerable countries in the world to climate change. Sea level rise is three to four times faster in this island nation than the global average, and it gets hit with an average of 20 typhoons a year. Energy equity is also a major concern as 10 percent
In this article PXD EOG RRC DVN XOP XLE The energy rally rolls on. The XLE energy ETF has raced ahead of the broader market again in the past month, rallying nearly 13% against the S&P 500‘s 4% drop, as global demand for oil outpaces its supply. An output decision from OPEC+ when the bloc
Originally published on ILSR.org Nearly 7 gigawatts of new power generation capacity came online in the second quarter of 2021. Renewable energy generation capacity growth was comparable to last quarter, while new fossil gas construction dropped dramatically. In 4 of the last 8 quarters, the fossil gas contribution to new power generation capacity has been
The idea of fusion power has intrigued scientists for nearly 100 years, when they first discovered the process that powers the sun and stars. A fusion reaction, which occurs when atoms fuse together, could generate four times more energy than today’s fission reactors, and about four million times more than burning coal, without producing any
Within the electric vehicle world in recent months, there’s been all kinds of debate and handwringing about how the big EV tax credits or rebates that are included in expected Democratic legislation in Congress should be structured — how much should union-built EVs versus American-built EVs versus just simply built EVs get in subsidies? There’s
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