Essential News for Corporate Energy Risk Managers
Author: Graham Foster
Dive Brief: In the escalating race to fortify U.S. photo voltaic manufacturing capabilities and bridge the gaping chasm with Chinese supremacy, business specialists on the acclaimed RE+ convention underscored the crucial of vertical integration all through the photo voltaic provide chain—from polysilicon to ingots, from wafers to cells, and in the end, to the modules themselves. Shayna Grossman, a science and expertise coverage fellow with the Department of Energy, articulated throughout a riveting presentation on September 10 that “the global marketplace is predominately sculpted by its behemoth player: China.” Notably, in 2023, China astonishingly accounted for over 85% of the…
The Midcontinent Independent System Operator (MISO) is embarking on an formidable $21.8 billion initiative to increase its regional transmission community, aiming to ascertain a formidable 765-kV transmission spine that may span the Midwest. This transformative plan, revealed in a just lately reviewed last draft portfolio throughout an exhaustive two-day workshop, is about to redefine energy supply throughout the area. Dubbed the Long Range Transmission Planning (LRTP) Tranche 2 proposal, this blueprint pivots on what MISO phrases “least regrets solutions,” devised to bolster the reliability and effectivity of energy distribution for its huge buyer base within the Midwest. A complete advantages…
In-brief evaluation September 24, 2024 Data supply: U.S. Energy Information Administration, International Energy Agency, and Facts Global Energy The United States has emerged as the reigning juggernaut of motor gasoline exports, a titanic power that alone accounts for over 16% of the international market. In the yr 2023, its exports averaged an astounding 900,000 barrels per day (b/d), a determine that resonates with significance—representing roughly 10% of what Americans eat themselves. To put this in perspective, that quantity may gasoline round 1.5 million SUVs each day, every boasting a mean tank capability of 24 gallons. Comparative giants like Singapore and…
Swedish prosecutors are poised to ship an investigation discover to Northvolt, igniting a storm of scrutiny over allegations of gross manslaughter linked to a tragic incident on the firm’s beleaguered sub-Arctic gigafactory. The forthcoming investigation stems from the demise of a 25-year-old employee who succumbed to extreme burns following a dramatic explosion on the manufacturing line, an episode that the battery producer’s chief government lamented as “a dark day.” Environmental prosecutor Christer B Jarlås revealed to the Financial Times that this discover is a precursor to any potential expenses, marking a major step of their close to year-long inquiry. “We…
In a daring proclamation, the CEO of Anglo American has summoned potential acquirers to acknowledge the worth of the international mining behemoth, urging them to “pay the right number” amidst a sweeping technique overhaul. This maneuver is available in the wake of BHP’s thwarted £39 billion takeover bid, which has despatched ripples via the firm’s operations. With a watch on a streamlined future, Wanblad ardently defended his resolution to divest 4 vital divisions, together with the illustrious DeBeers diamond arm, setting the stage for a reimagined Anglo targeted solely on copper and iron ore. “I firmly believe we will achieve…
Thames Water, as soon as a seemingly stalwart fixture within the UK’s utilities panorama, now finds itself ensnared in a crucial predicament. Its credit standing plummeted to the depths of junk standing, setting the stage for a dramatic 11-day scramble to refinance a staggering £530 million in debt—or threat teetering in the direction of a government-backed administration that would spell catastrophe. In a harsh blow on Tuesday, each S&P and Moody’s plummeted Thames Water’s score by a stunning 5 notches, touchdown it at a dangerous CCC+, a categorization that rings alarm bells for potential buyers and collectors alike. Such a…
Dive Brief: On a pivotal Thursday, Texas regulators unveiled their formidable electrical reliability blueprint for the regularly increasing Permian Basin—a area poised to see a colossal surge in energy demand, reaching a staggering 26 gigawatts by 2038. This projected demand is roughly a 3rd of the present summer time consumption throughout the complete Electric Reliability Council of Texas (ERCOT) panorama, underscoring the vital nature of this initiative. Integral to this plan are progressive and enhanced native transmission methods, which ponder the introduction of colossal 765-kV transmission strains. These formidable conduits intention to facilitate the importation of electrical energy from numerous…
In-brief evaluation September 25, 2024 In the first six months of 2024, U.S. net natural gas exports (exports minus imports) averaged 12.6 billion cubic toes per day (Bcf/d), 1% (0.1 Bcf/d) greater than the similar interval final yr and a pair of% (0.3 Bcf/d) lower than in 2023, in line with our Natural Gas Monthly. Since 2019, will increase in liquefied natural gas (LNG) exports and exports by pipeline to Mexico have led the progress in U.S. natural gas exports. The United States has exported extra natural gas than it imports since 2017. The United…
This audio is auto-generated. Please tell us in case you have feedback. Millions of Southeastern U.S. prospects have been without power Friday morning after Hurricane Helene hit Florida as a Category 4 storm and moved inland. By 5 a.m., the National Hurricane Center had downgraded Helene to a tropical storm and warned of damaging wind gusts throughout the Carolinas and Georgia and the potential for “catastrophic and life-threatening flash and urban flooding” throughout parts of the southern Appalachians. Flood warnings have been additionally issued for components of Florida. Data from PowerOutage.us, shortly after 9 a.m. EDT, confirmed 1.14 million prospects…
This audio is auto-generated. Please tell us in case you have feedback. Dive Brief: Hitachi Energy introduced plans on Monday to make investments $155 million to expand its North America manufacturing capacity throughout three crops. The plans embody $25 million to expand Hitachi’s Virginia transformer manufacturing unit, $60 million to expand its Pennsylvania high-voltage switchgear and breakers manufacturing unit and $70 million to assemble a distribution transformer manufacturing unit in Reynosa, Mexico. Hitachi is pushing to sustain with rising demand pushed largely by the U.S., with the corporate’s order backlog greater than tripling since 2020. Dive Insight: Hitachi Energy added…
