Trump meets with tech giants to discuss energy pledges ahead of midterm elections
The U.S. president?Donald Trump will meet with leaders of technology companies on Wednesday, including 'Google, Meta and OpenAI. They are expected to formalize an agreement to protect consumers from the rising costs of electricity due to the rapid growth of data centers that use a lot of energy. The White House announced that the "Ratepayer Protection Pledge" announced by Trump during his State…
Hungary Accuses Ukraine of Plans to Disrupt National Energy System
Hungary's Prime Minister Viktor Orban accused Ukraineon Wednesday of planning to disrupt the Hungarian energy system, and dispatched troops to safeguard infrastructure, escalating a dispute that has undermined Europe's pro-Ukraine consensus.Hungary and Slovakia, whose leaders are outliers in the EU for maintaining relations with Moscow, blame Kyiv for an outage on the Druzhba oil pipelinethat supplies…
Ukraine Delays Druzhba Oil Deliveries Again
Ukraine has told Slovakia's oil pipeline system operator Transpetrol that the resumption of oil deliveries via the Druzhba pipeline has been delayed by another day to February 26, Slovakia's country's economy ministry said on Tuesday.The ministry, which had expected flows to restart on February 25, said it was not given a reason for the latest delay.Slovakia announced the Druzhba pipeline outage on February 13…
Haiti's largest hydroelectric power station is down following a break-in
The state-owned power company EDH announced on Thursday that the largest hydroelectric plant in Haiti has had its output cut to zero as a result of a break-in. EDH reported that production had been halted since Tuesday due to "acts" of invasion at the Peligre Plant, located 11 km (7 miles) away from central Mirebalais where residents have protested the lack of action by the state after armed gang attacks.
DeepSeek fears subside, US power companies spend more on data centers
U.S. Electric utilities are increasing their spending plans by tens and even hundreds of millions of dollars in order to upgrade the grid and build new power sources as artificial intelligence data centers and cloud computing drives up energy consumption. PPL Corp announced on its earnings call that it will increase capital investment by almost 40%, to $20 billion. Dominion which is the largest provider of data centers in Northern Virginia and Exelon…
As the gas transit dispute escalates, Ukraine's Zelenskiy lashes out at Slovak Prime Minister Fico
On Saturday, Ukrainian President Volodymyr Zelenskiy accused Slovakian Prime Minister Robert Fico of opening a second energy front against Ukraine at the behest of Russia as the dispute over gas transit between the two countries intensified. Ukraine currently pumps Russian gas to Slovakia and other European countries through its territory. However, the current transit agreement - which was signed before Moscow invaded Ukraine - will expire at the end this year.
Japan's JERA will restart coal-biomass combustion at Taketoyo by 2027
JERA, Japan's largest power generator, announced on Friday that it will restart coal and biofuel co-firing in its Taketoyo Thermal Power Station in central Japan by the end of the fiscal year starting April 2026. This follows a fire. Taketoyo is one of the largest power plants in Japan, with a capacity of 1,070 Megawatts. On Jan. 31 a fire broke out in the station, resulting in the immediate suspension of the plant's operations.
Russia claims it has disrupted Ukraine’s power grid and weapons supplies with a massive strike
Russia announced on Monday that it had launched a massive attack on Ukraine, which it claimed had disrupted electricity supplies and rail transport of weapons and ammunition to front-line positions. Ukrainian officials claimed earlier that Russia launched over 100 missiles, and approximately 100 drones of attack at Ukraine during morning rush hour. And striking energy plants nationwide. In a press release, the Russian Defence Ministry stated that missiles were fired from air and sea.
Russian Pipeline: Bringing Gas and Building Trust
A discussion over energy at the summit last week between Russian President Vladimir Putin and North Korean leader Kim Jong-un has excited the government in South Korea, where the government is desperately looking to entice the North Koreans to come in out of the cold.Among the topics that came up was access for the North Koreans to Russian electricity supplies and the question of North Korea allowing the Russians to build a pipeline that would ship natural gas from Vladivostok…
India, China to Lead Rapid Growth in Energy
The major chunk of global energy supply growth is expected to come from renewables and natural gas over the next two decades, but steep investment in oil exploration and production will be needed to meet crude demand in 2040.The global energy demand is set to rise by around a third by 2040, driven by improvement in living standards, particularly in India, China and across Asia.- These are the key…
China Ramping Up Renewable Power
China will ramp up electricity generated by renewable energy this summer and give priority to residential use as some regions are due to experience power shortages, a spokesman for the nation's central policy planner said at a news briefing."The maximum load on the power grid has increased from last summer, leading to tight electricity supplies in some regions. Utilities will increase power output.
Blackrock, Lightsource Target UK Solar Power Portfolio
Asset manager Blackrock and solar energy firm Lightsource have agreed to jointly create a 1 billion pound ($1.3 billion) portfolio of solar power assets in Britain over the next three years, the two companies said on Tuesday. The partnership, called Kingfisher, will initially include 25 of Lightsource's British solar assets with a combined capacity of 156 megawatts (MW), which have already secured government subsidies for their power production.
Vitol Launches JV for UK Battery Project
Vitol owned VPI Immingham and renewable investment fund Low Carbon Ltd have launched a joint venture to invest up to 250 million pounds ($311 million) in energy storage and distributed power generation in Britain, the companies said on Tuesday. The VLC Energy joint venture will initially build two battery storage plants, one in Cleator, Cumbria and one in Glassenbury, Kent, to be connected to Britain's electricity grid by the end of the year.
National Grid Warns of Costs if Britain Exits EU Energy Market
Taking Britain out of Europe's energy market could stymie development of new power links designed to help avert a looming supply crunch and also drive up the cost of imported European electricity, National Grid warned on Friday. Prime Minister Theresa May signalled a so-called hard Brexit on Tuesday, which would involve leaving Europe's single market when Britain quits the European Union (EU). May gave no indication of what this would mean for energy markets in her speech.
California Power Grid Tested as Heat Soars
California's power grid operator extended its call for consumers to conserve electricity into Thursday as a heat wave continued to bake the state, especially the inland cities. Electricity supplies statewide were expected to be tight as consumers cranked up their air conditioners, the California Independent System Operator (ISO) said in a statement. The ISO said it was also dealing with power plant outages…
South Korea to Shut 10 Coal-Fired Power Plants by 2025
South Korea plans to shut 10 ageing coal-fired power plants by 2025, as Asia's fourth-largest economy seeks to cut its reliance on dirtier fuels after a pledge at last year's Paris climate summit to reduce greenhouse gas emissions. Coal accounts for 40 percent of South Korea's electricity supplies, but in a tilt towards cleaner fuels Seoul recently said it was targeting $37 billion in renewable energy investment by 2020.
Blow to $1 bln Trafford Gas Plant as Britain Withdraws Subsidy
Britain's government has withdrawn a subsidy for an 800 million pound ($1.04 billion) gas plant project in Manchester, its developers said on Tuesday, following its failure to secure investment needed to build the plant. Carlton Power's Trafford gas-fired power station was the only new large-scale gas plant to secure financing under the government's capacity market scheme, designed to secure the country's electricity supplies.
Putin: Russia Should Restart Coal Supplies to Ukraine
Russia should restart supplying its coal to Ukraine after Kiev resumed electricity supplies to Crimea, Russian President Vladimir Putin said on Wednesday. "In principle, we no longer need electricity from Ukraine," Putin told a government meeting. "But since they have now resumed (electricity) supplies, we will give them coal in return." (Reporting by Denis Pinchuk)
UK: Nation Must Move Away from Coal
Coal provided a third of UK electricity in 2014; new gas plants and nuclear must be built. Britain must move away from dirty and aging coal-fired power stations and encourage new gas and nuclear power plants, its energy minister will say on Wednesday when unveiling a new direction for energy policy in the country. "It cannot be satisfactory for an advanced economy like the UK to be relying on polluting…
Electricity firm CEOs urge clear policies for low-carbon shift
Heads of 11 companies that generate a third of the world's electricity urged governments on Sunday to agree clear, long-term policies to underpin a shift to lower-carbon energy as part of a U.N. agreement on climate change due in December. They also issued a report about how new technologies can both raise electricity supplies and limit greenhouse gases. These included more-efficient solar power, sea-based floating wind turbines and methods to capture emissions from coal-fired power plants.