US solar installation forecast slashed due to Trump policies, report says
A report released by a major trade group on Monday warned that the U.S. Solar Industry could install 27% less capacity in 2026- 2030 than it did before President Donald Trump passed his tax law, which rolled back subsidies to such projects. Why is it important? The Solar Energy Industries Association (the industry's leading U.S. trade group) and Wood…
Pulse Clean Energy, a startup company in the UK, receives 220 million pounds to build batteries across the UK
The British startup Pulse clean energy announced that it has secured 220 millions pounds ($292.3) in funding from six international bank to fund the development six new battery system sites throughout the UK. In a Monday statement, it did not specify the locations of the sites, but stated that they were "strategically situated across the UK, including Scotland, Devon and Greater Manchester".
Sources: BP chartered tanker leaves sanctioned Nayara Energy port without loading oil
According to five sources in the industry and shipping data from LSEG, oil tanker Talara chartered by energy giant BP has left Vadinar, India's newly-sanctioned refiner Nayara Energy, without loading diesel, as planned. LSEG data indicated that the vessel was to load 60,000 metric tonnes (447,000 barrels), of ultra-low sulphur fuel on July 21, with cargo bound for Africa.
What is in the EU's 18th package of sanctions against Russia?
The details of the 18th package of sanctions against Russia for its war in Ukraine were approved by the European Union on Friday. It is aimed at further damaging the Russian oil and energy industries. The package includes a price cap for Russian oil, which is intended to reduce Moscow's revenues from energy without causing global markets to be disrupted by cutting off Russian supply.
What is in the EU's 18th package of sanctions against Russia?
The European Union approved a new package of sanctions against Russia on Friday, in response to its conflict in Ukraine. This is aimed at further damaging the Russian oil and energy industries. The package includes a price cap for Russian oil, which is intended to reduce Moscow's revenues from energy without causing global markets to be disrupted by cutting off Russian supply.
After Trump's subsidy cuts, solar and wind groups in California seek aid
California's leaders are asking for assistance from clean energy companies to get their projects up and running before the changes in federal subsidies made by President Donald Trump’s new tax and spending laws make them more costly and difficult to construct. Five trade groups representing solar and wind energy companies sent a letter on Wednesday to California Governor Gavin Newsom…
The US solar energy market will slow down as Washington shifts its priorities
A report released on Monday by the top solar trade association predicts that the number of new solar energy installations in the United States will decline over the next five-year period as the industry struggles with a federal policy shift favoring fossil fuels and tariffs. According to the Solar Energy Industries Association's and Wood Mackenzie's forecast, new solar capacity in 2030 will be over 10% less than it was in 2025.
The vote of the US Trade Panel opens the door to imposing stiff tariffs on solar imports
The U.S. International Trade Commission decided on Tuesday that a flood cheap imports from Southeast Asian countries threatened or materially damaged domestic solar panel manufacturers. This decision brings the United States closer to imposing heavy duties on these goods. The three-member ITC voted "yes", meaning that the Commerce Department would…
Top trade group says House bill will choke off US solar investment
A top solar trade association warned that legislation advanced by Republicans last week in the U.S. House of Representatives could threaten 300 solar and energy storage plants and destroy nearly 300,000 American jobs. The Solar Energy Industries Association's analysis comes during a lobbying campaign aimed at convincing U.S. legislators to protect clean energy tax credit…
Last-ditch lobbying campaign aims to save Biden’s clean-energy tax credit
Trade groups in the U.S. Energy Industry have launched a last minute lobbying campaign to urge Congress to spare former President Joe Biden’s clean energy tax credit from being cut out of the Republican budget plan. The House Ways and Means Committee proposed on Monday that several lucrative subsidies in Biden's signature climate legislation, the Inflation Reduction Act, be phased out or cancelled.
Report: Solar power will account for 84% of the new US electricity added in 2024.
A report released on Tuesday stated that solar energy contributed 84% of the new electricity generation capacity to the U.S. grid in the past year. However, the industry will face challenges with the new energy policies adopted by the U.S. government. In a report, Wood Mackenzie and the Solar Energy Industries Association (SEIA), said that the country will install 50 gigawatts of new solar power in 2024.
Clean energy companies pressure US lawmakers to protect subsides
On Wednesday, U.S. clean energy companies will be heading to Capitol Hill to urge Republican legislators not to eliminate lucrative tax credits that are contained in the landmark climate change legislation of former president Joe Biden. Members of Congress of both parties are being met by hundreds of representatives of firms from the solar, wind,…
Russell: China's impact on US energy trade is minimal at first.
China responded to the tariffs imposed by President Donald Trump with its own measures, effectively killing off trade between the United States in crude oil and liquefied gas as well as coal. China, which is the largest importer of these three commodities in the world, imposed import duties on Tuesday of 15% for U.S. coal and LNG, and 10% for crude oil and farm machinery.
What is known about Trump's Executive Orders after the swearing-in?
Donald Trump, the U.S. president, issued a series of executive orders on Monday to stamp his mark on his administration. These included directives on immigration and criminal pardons to energy. Trump pardoned around 1,500 people on Jan. 6, 2020, who stormed into the U.S. Capitol. This was a massive gesture of support for those who attacked police…
US solar industry's strategy for Trump's era downplays climate
The U.S. Solar Industry unveiled their lobbying strategy on Thursday for the incoming Trump Administration. They promoted themselves as a domestic employment engine that could help meet soaring demand for power, without mentioning its role in fighting climate change. The new policy agenda is a dramatic shift for the solar industry, which has been a major beneficiary from the Inflation Reduction Act…
COP29: Climate agenda clashes with trade demands
At the COP29 Climate Summit, trade tensions are escalating. According to U.N. documents, and negotiators, China, Brazil, and a number of other developing countries have complained that perceived barriers, like the European Union’s carbon border levy will undermine climate efforts. Nearly 200 nations are fighting over the climate talks about a deal…
Yellen warns that the end of US clean energy tax credit would increase consumer costs
U.S. Treasury secretary Janet Yellen will warn on Thursday that any attempt to rollback the Biden administration’s clean energy tax credit would increase costs for families and threaten new investments in U.S. Manufacturing that are creating jobs. In excerpts from remarks that she will deliver on a visit to Raleigh, North Carolina Yellen said that across the nation…
Digitalization is Drawing CCS a New Learning Curve
Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history.Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood. A lack of suitable multiphase flow assurance models has meant that past CCS projects have had to apply large, costly safety margins to transport and injection systems.
Burrows Tapped to Lead DNV CCUS Unit
DNV appointed Jamie Burrows to head its Energy Systems business area’s Carbon Capture, Utilization, and Storage (CCUS) unit. The appointment comes as a response to growing demand from these fossil fuels-reliant industries to reduce their CO2 emissions, and aligns with DNV's recent studies, emphasizing the role of CCUS in future energy systems. Burrows…
Legal Beat: Jones Act Moon Shot
What does the Jones Act have to do with the moon, you ask? Well, we must go to ground on the Jones Act to answer the question.The “Jones Act” we are talking about is the section in the Merchant Marine Act, 1920 which revised the pre-existing reservation of U.S. domestic maritime commerce to qualified U.S.-flag vessels. “Pre-existing” is the right term because the U.S.