Iraq is looking to draft contingency plans in case the heightened tension in the Middle East results in some kind of blockade of Iraq’s oil exports through the Persian Gulf—a key lane for almost all of the exports of OPEC’s second-largest oil producer, oil ministry spokesman Assem Jihad told AFP on Monday. “There is no […]
Statkraft AS joined with Statera Energy Ltd. to build 1 gigawatt of storage in the U.K. with a backup generator fueled by natural gas, part of an effort to profit from the nation’s need to balance its power grid. London-based Statera will construct several storage sites over three to four years at a number of […]
Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet. That titanic shift over the next three decades will come as electricity demand increases 62% and investors pump $13.3 trillion into new projects, according to a report released Tuesday by BloombergNEF. The […]
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