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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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And the nuclear industry must quickly address the issues of cost overruns and project delays that have bedevilled the construction of new plants in advanced economies. While plant lifetime extensions require substantial investment, they generally yield a cost of electricity that is competitive with wind and solar in most regions.

Russia 458
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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.

Russia 150
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UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

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As Europe seeks alternative gas suppliers as the bloc diversifies energy supplies away from Russia over the war in Ukraine, Nigeria—with its vast gas reserves estimated to be above 270 trillion cubic feet (Tcf)—is positioned to expand its supply to Europe.

Nigeria 186
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Global aerospace study finds fuel costs continue as major airline concern

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Airline executives continue to express concern about rising fuel costs, according to a new global aerospace study released today by CIT Group Inc., a leader in transportation finance. 82% of respondents said they were extremely concerned (51%) or very concerned (31%) about fuel supply and costs. Ever-Changing Industry.

Global 199
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. Meanwhile, projects face long lead times to finance, develop and commission.

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Some Volkswagen strategists see battery-electric, diesel cost lines crossing by 2023-2025; TRANSFORM 2025+

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The increasing stringency of global emissions standards, both current and projected, is driving up the cost for internal combustion engines to meet those standards, although numerous technology pathways exist. As a result, we see a cost line crossing between battery-electric vehicles and diesels. Earlier post.). E-mobility offensive.

Diesel 150
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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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SGH2 says that its green hydrogen is cost competitive with “gray” hydrogen produced from fossil fuels such as natural gas—the source of the majority of hydrogen used in the United States. Unlike other renewable energy sources, hydrogen can fuel hard-to-decarbonize heavy industrial sectors like steel, heavy transport, and cement.

Waste 448