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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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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.

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When Will Russia Run Out Of Oil?

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On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves. When will Russia run out of oil? by Viktor Katona for Oilprice.com.

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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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IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

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While there are many effective solutions for daily energy storage, the most common being batteries, a cost-effective long-term solution is still lacking. The investment costs of UGES are about 1 to 10 US$/kWh and power capacity costs of 2.000 US$/kW. An open-access paper on the work is published in the journal Energies.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.

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EIA expects continued high prices for diesel and home heating oils

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The distillate fuels in storage aren’t the only source of diesel we have to keep trucks and trains moving, but lower-than-average storage levels will contribute to higher costs for diesel and for heating fuels through the winter. EIA forecasts Russia will produce 9.3 —EIA Administrator Joe DeCarolis.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

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According to GlobalData’s Mining Commodity Analyzer , Russia was the third-largest producer of nickel in 2021, producing more than 200,000 tons. The evolving situation in Russia and Ukraine has already caused unprecedented increases in the price of nickel. Trading had yet to resume as of 10 March.