The Trump administration plans to start refilling the nation’s emergency crude reserves in just a matter of months, after releasing more than 130 million barrels of oil and causing inventories to fall to the lowest levels in decades. “It’ll start being refilled in the next few months,” Energy Secretary Chris Wright said of the Strategic Petroleum Reserve on Monday on Bloomberg...
Michael Skelly knows it’s hard to build a huge transmission line that connects different regions of the grid. He has spent a decade trying to get one up and running. But Skelly, now CEO of Grid United, thinks his current attempt to build a first-of-its-kind transmission line is on the right track. And he’s gotten...
A set of 13 “high value” inter- and intraregional transmission projects in the Eastern Interconnection could produce up to $15.3 billion in net system value through 2050, according to a study released Tuesday. Also, the transmission projects would lower retail electricity rates, enhance system reliability and improve resilience to extreme weather events, according to Powering...
There’s never been a better time to build energy storage in the U.S. than right now. Grid batteries — which sop up power when it’s abundant and discharge that energy when it’s needed — have been ascendant for a decade, as the price of the underlying lithium-ion cells fell precipitously. Bolstered by plummeting costs and...
Announced megawatts are like leased acres, but energized, used, and profitable megawatts are like productive wells. The boom is genuine, and success will depend on precision, discipline, and pragmatism.
A shortage of plutonium could hold back a new generation of nuclear projects, with start-ups battling to secure the radioactive material given the limited supplies available to civilian projects. Plutonium, which cannot be mined, is a byproduct of spent uranium-based fuel used in reactors. Its huge explosive capacity makes it ideal for nuclear warheads, meaning...
SLB agreed to acquire thermal management company Kelvion from private-equity funds for $4.1 billion. The oil drilling and production company said Monday that the acquisition is meant to strengthen its growing data center business. “This transaction accelerates our ambition to become an industrial technology partner to the data center industry and help customers address the...
The United States is the world’s largest oil and gas producer, but energy abundance means little if that energy cannot reach the people who need it.
Before instituting sweeping policies that risk creating costs and distortions worse than the supply disruptions and Chinese dependence they aim to solve, Washington needs to weigh the benefits of intervention against its costs.
Several independent U.S. oil producers are expected to sign production contracts with Venezuela’s state-run oil company in the coming days, according to three industry representatives familiar with the plans — a step forward for the Trump administration’s efforts to boost production in the beleaguered South American nation. A signing ceremony involving several smaller U.S. producers...
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