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Nippon Steel to invest in Canadian coal company; steelmaking coal offtake agreement

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EVR), which will be spun-off from Teck as an independent publicly-listed Canadian company and will own and operate the steelmaking coal business previously conducted by Teck. The remainder of Teck’s business will be spun-off as the independent company Teck Metals, which will focus on base metals production.

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As states continue to use less coal for electricity, driving electric vehicles becomes even cleaner

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Battery electric vehicles are only as clean as the energy source used to generate the electricity that powers them. These results indicate that coal and oil are the energy sources leading to most emissions, and that hydro, wind, and nuclear are the energy sources leading to least emissions. Natural gas. from coal.

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In a ‘monumental shift’, EU coal and gas collapse as wind and solar ascend

Electrek

Europe’s coal electricity generation tanked by 26% and gas by 15% in 2023, according to a new report from energy think tank Ember.

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EIA expects significant increases in US wholesale electricity prices this summer

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The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. MMBtu in May 2021.

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EIA forecasts US fossil fuel production to reach new highs in 2023

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After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 Of the total US fossil fuel production in 2021, dry natural gas accounted for 46%, the largest share. In 2020, US coal production had fallen to its lowest level since 1964.

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New clean energy is reducing US electricity generation from natural gas, coal

Electrek

The US Energy Information Administration (EIA) has forecast in its January Short-Term Energy Outlook that rising electricity generation from clean energy such as solar and wind will reduce generation from fossil fuel-fired power plants over the next two years.

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EIA: US natural gas consumption set nine monthly records and an annual record in 2022

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In 2022, US natural gas consumption averaged a record 88.5 billion cubic feet per day (Bcf/d)—the highest annual natural gas consumption, according to records beginning in 1949, according to the US Energy Information Administration (EIA). US natural gas consumption last year increased 5% (4.5

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