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Home2024February

Month: February 2024

Finnish mine
Energy Storage

First commercial gravity storage for energy planned in Finnish mine

February 15, 2024 Mariel Alumit

  Gravitricity, a Scottish company, has set its sites on turning a closed Finnish mine into a giant storage battery for renewable energy. The GraviStore gravity energy storage system (GESS) is the first commercial-scale deployment […]

Adnoc
Big Oil Companies

Adnoc, BP to form gas JV in Egypt

February 15, 2024 Mariel Alumit

Energy giants Adnoc and BP have agreed to form a joint venture in Egypt that will focus on natural gas. The JV, in which UK-based BP will have 51 percent and UAE’s Adnoc 49 percent, […]

Principle Power
International News

Aker Solutions, Principle Power score work on Korean 1GW floating wind project

February 15, 2024 Mariel Alumit

Principle Power Copenhagen Infrastructure Partners (CIP) has awarded a front-end engineering and design (FEED) contract to Aker Solutions and Principle Power for the floating foundations for the Haewoori 2 and 3 offshore wind projects off […]

Climate Crisis

Daily Energy Standup Episode #309 – Power Politics: PG&E, Municipal Misunderstandings, and China’s Energy Game

February 15, 2024 Andy Del Prado

Daily Standup Top Stories PG&E becomes California’s most expensive power provider February 14, 2024 Mariel Alumit On Jan. 1,  PG&E started charging 13% more for power. The rate hike – expected to cost an average family […]

Canada
Finance

The Most Splendid Housing Bubbles in Canada: National Price Drops Further in January -18.3% from Peak. End of Easy Money

February 14, 2024 Stu Turley

Toronto single-family houses -20% from peak, condos drop to 2-year low. Vancouver -8% from peak, Hamilton -25%, Victoria -14%. But Calgary set new high. By Wolf Richter for WOLF STREET. House prices in Canada overall fell 1.2% seasonally […]

Africa
Critical Minerals

US to explore African minerals for energy transition

February 14, 2024 Mariel Alumit

The United States is set to invest in mining Africa’s essential mineral resources for the ongoing energy transition, which involves transitioning from traditional fossil fuels to cleaner energy sources such as solar and wind power. […]

PG&E
Electrical Generation / Utilities

PG&E becomes California’s most expensive power provider

February 14, 2024 Mariel Alumit

On Jan. 1,  PG&E started charging 13% more for power. The rate hike – expected to cost an average family another $33 a month – will pay to bury power lines and other wildfire mitigation […]

LNG
Energy Policy

Long-term US ban on new LNG export projects would have significant impact, Shell executive says

February 14, 2024 Mariel Alumit

LONDON, Feb 14 (Reuters) – An extended U.S. ban on new liquefied natural gas (LNG) export projects would have “quite an impact” on the fast-growing global market, a senior Shell (SHEL.L), opens new tab executive said on Wednesday. U.S. […]

Energy
Energy Transition

China’s Paradoxical Role in the Clean Energy Transition

February 14, 2024 Mariel Alumit

In a world grappling with climate change, China’s role in the clean energy transition is under intense scrutiny. Last year, the nation installed an impressive 217 gigawatts of solar power, prompting climate watchdogs to predict […]

Greenstone
Rare Earth Minerals

Horizon, Greenstone merge to create new gold miner in Western Australia

February 14, 2024 Stu Turley

  Australian miners Horizon Minerals (ASX: HRZ) and Greenstone Resources (ASX: GSR) have agreed to merge in an all-stock deal to create a new emerging gold producer in Western Australia’s goldfields. The combined company, which […]

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