Energy
Fierce local battles over power lines are a bottleneck for clean energy deployment
A section of the NECEC corridor in Johnson Mountain Township is covered with straw on Tuesday, November 30, 2021. Crews put down the straw for erosion control. Portland Press Herald | Portland Press Herald | Getty Images For the past six years, energy companies and Maine residents have been in a fierce stand-off over the […]
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El Salvador’s $425 million bitcoin experiment isn’t saving the country’s finances
A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022. Alex Pena | Anadolu Agency | Getty Images El Salvador bet its economic salvation on bitcoin, but so far the gamble isn’t paying off like President Nayib Bukele hoped it would. The government’s crypto coffers have been cut in half, […]
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Toyota issues recall for its flagship electric SUV following concerns about wheels coming off
Toyota’s bZ4X electric sport utility vehicle photographed in Chiba Prefecture, Japan, on Feb. 24, 2022. The Japanese automotive giant has issued a safety recall related to the bZ4X’s wheels. Kiyoshi Ota | Bloomberg | Getty Images Japanese automotive giant Toyota issued a safety recall for more than 2,000 of its all-electric SUV, the bZ4X. Announced […]
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Putin is squeezing gas supplies. And Europe is getting seriously worried about a total shutdown
BRUSSELS — European leaders are growing increasingly concerned about the possibility of a full shutdown of gas supplies from Russia, with Italy asking for a new meeting to debate the matter. Gazprom, Russia’s state-backed energy supplier, has reduced its gas flows to Europe by about 60% over the past few weeks, prompting Germany, Italy, Austria […]
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The race to make green hydrogen competitive is on. And Europe is building industrial-scale electrolyzers to help
One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source then some call it “green” hydrogen. Alex Kraus | Bloomberg | Getty Images Siemens Energy and Air Liquide have announced plans to set up a joint […]
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Dan Yergin explains why oil prices are falling despite tight supply, Russia tensions
Energy expert Dan Yergin said there are two reasons why oil prices have dropped in the past month despite a market that is still tight: the Fed and Russia’s war in Ukraine. Oil prices had been increasing since last year, spiking to highs after Russia launched an unprovoked war on Ukraine. But since the end […]
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Exxon Mobil is at a crossroads as climate crisis spurs clean energy transition
Exxon Mobil is one of the most consequential and profitable companies in U.S. history. For more than a hundred years, the company’s oil and gas have helped power the global economy. But the Exxon Mobil of today faces the seemingly opposing priorities of supplying the world with abundant energy and also drastically reducing its carbon […]
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With or without a federal gas tax holiday, here are 4 ways to save money at the pump
The recent run-up in gasoline prices is now being felt nearly across the board. The national average for a gallon of gas is currently $4.94 after topping $5 per gallon for the first time ever earlier this month, according to AAA. Last year at this time, the price was $3.07 per gallon. The increase has put a severe […]
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Germany triggers ‘alert level’ of emergency gas plan, sees high risk of long-term supply shortages
Habeck has previously warned the situation is going to be “really tight in winter” without precautionary measures to prevent a gas supply shortage. Picture Alliance | Picture Alliance | Getty Images Germany has declared it is moving to the so-called “alert level” of its emergency gas plan, as reduced Russian flows exacerbate fears of a […]
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World’s largest hybrid ship set to ferry passengers between Britain and France
An artist’s impression of the Saint-Malo at sea. According to Brittany Ferries will have a battery capacity of 11.5 megawatt hours. Brittany Ferries A ship set to carry passengers between the U.K. and France in the next few years will be the largest hybrid-vessel ever built, according to operator Brittany Ferries. In a statement Tuesday, […]
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