News
World Bank Says $50 Billion Committed to African Electrification
21+ hour, 33+ min ago (326+ words) (Bloomberg) -- More than $50 billion has been committed to an ambitious plan to halve the number of people without access to electricity in Africa, according to the World Bank, its biggest backer. The program, named Mission 300 because of its goal to…...
Iran war and oil prices: why markets remain restrained
1+ day, 6+ hour ago (176+ words) As tensions escalate around the Strait of Hormuz, in our latest Energy Connects Discussions Vandana Hari, Founder and CEO of Vanda Insights, highlights how energy markets are handling the risk of supply disruption, from LNG curtailments in Qatar to shipping…...
Soaring Power Prices Have US Politicians Searching for Solutions
1+ day, 11+ hour ago (1038+ words) (Bloomberg) -- US politicians are scrambling to tame the soaring cost of electricity that threatens to upend this year's congressional elections. The Energy Department has loaned $26.5 billion " the most in its history " to help a big Southeastern utility reduce the cost…...
How China Built a Big Lead in Global Race for Batteries That Last for Days
1+ day, 21+ hour ago (483+ words) (Bloomberg) -- China is quietly dominating yet another area of the global energy transition: long-duration energy storage. Unlike conventional lithium-ion batteries that typically store power for four hours or shorter, long-duration energy storage, or LDES, can hold and release electricity for…...
Stonepeak, Bernhard in Advanced Talks to Buy Cleco Power
1+ day, 22+ hour ago (363+ words) (Bloomberg) -- Stonepeak Partners LP and Bernhard Capital Partners are in advanced talks to buy Cleco Power from Macquarie Group Ltd., a sale that comes as electricity demand from data centers soars across the US. The deal would value Cleco at…...
Oil, Risk and Retaliation: Energy Markets React to Middle East Escalation
2+ day, 14+ hour ago (178+ words) In our latest Energy Connects Discussions, Dr. Carole Nakhle, CEO of Crystol Energy and Secretary General of the Arab Energy Club, outlines how the escalating Iran war could reshape the global energy landscape. She discusses the resilience of today's oil…...
Iran strikes: Assessing the impact of Middle East escalation
2+ day, 18+ hour ago (258+ words) In our continuing coverage of the Iran strikes, Chiranjib Sengupta speaks with Dr. Carole Nakhle, CEO of Crystol Energy and Secretary General of the Arab Energy Club, in the latest episode of the Energy Connects podcast. They discuss the immediate…...
Iran strikes: QatarEnergy to stop production of LNG
3+ day, 12+ hour ago (233+ words) Picture used for illustrative purpose." QatarEnergy said on Monday it has ceased production of liquefied natural gas (LNG) and associated products due to military attacks on the company's operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City in…...
Oil Edges Higher as Traders Assess Outlook for Iran Nuclear Deal
1+ week, 2+ day ago (431+ words) (Bloomberg) -- Oil rose as investors weighed the odds of an Iranian nuclear deal, with US President Donald Trump saying he prefers a diplomatic solution but warned of consequences if an agreement wasn't reached. Brent traded near $72 a barrel after closing…...
Cost of Trump's Coal Push Plays Out in Dollars, Noise and Health
2+ week, 5+ day ago (1776+ words) (Bloomberg) -- Chad Schmucker, 71, lives in Port Sheldon Township on the East shore of Lake Michigan, an area where dunes meet forest and water draws boaters in summer.It would be his dream retirement spot except that it's just south of…...