Categoria: News Energy
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China’s Zijin Plans Lithium Production in Congo From Early 2026
China’s Zijin Mining Group Co. aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal. Zijin is accelerating activity at a site in southeast Congo that’s still claimed by AVZ Minerals Ltd. The Australian firm has initiated arbitration proceedings against…
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Wind power tops nuclear in Sweden for first time, trade group says
Electricity output from wind hit a record high in Sweden in 2024, with wind exceeding nuclear power for the first three-month period ever in the last quarter, the Swedish Wind Energy Association (SWEA) said in a statement. In December, wind was the largest source of electricity for the first time, ahead of hydro and nuclear…
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Oil prices hold at three-month high on stronger demand
Oil prices steadied at their highest since mid-October as colder weather spurred buying while further support came from expectations of tighter sanctions on Iranian and Russian oil exports. Brent crude futures gained 22 cents, or 0.3%, to $76.73 a barrel by 1133 GMT, their highest since Oct. 14. U.S. West Texas Intermediate crude was up…
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Technology breakthroughs are unlocking geothermal energy’s vast potential in countries across the globe
Largely untapped underground energy source can help meet world’s rapidly growing demand for electricity, but cost reductions are needed to drive new generation of projects With global electricity demand set to grow strongly, new technologies are opening up the massive potential of geothermal energy to provide around-the-clock clean power in almost all countries around the…
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Russian gas era in Europe ends as Ukraine stops transit
Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year’s Day, marking the end of decades of Moscow’s dominance over Europe’s energy markets. The gas had kept flowing despite nearly three years of war, but Russia’s gas firm Gazprom said it had stopped at 0500 GMT after Ukraine refused…
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Solar, EVs and a Big Exit From Coal: 2024’s Good Climate News
After months of depressing news about countries backsliding on climate pledges and companies softening green ambitions, it’d be easy to forget this year also saw impressive developments in the fight against global warming. Solar installations popped up in unexpected places. Cities experimented with wild adaptation projects. Elderly Swiss women even won a major climate case in a European court. covered…
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India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P
India imports about 85% of its crude oil requirement and the government has said that the country would continue buying oil from the cheapest available sources to meet growing demand India is poised to close 2024 with a higher oil demand growth rate than China, underscoring its emergence as a key consumption hub in Asia,…
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Green Hydrogen Goes From Hyped to Humbled on Eye-Popping Costs
A raft of projects to produce green hydrogen, a fuel billed as critical to reaching net zero, have been abandoned this year as expectations for tumbling costs failed to materialize. Governments and major energy companies have touted the gas as a way to clean up a swath of industries. But the uneconomic cost of production…
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France adds first nuclear reactor in 25 years to grid
France connected the Flamanville 3 nuclear reactor to its grid on Saturday morning, state-run operator EDF said, in the first addition to the country’s nuclear power network in 25 years. The reactor, which began operating in September ahead of the grid connection, is going online 12 years later than originally planned and at a cost…
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Tech companies most threatened by Trump are donating to his inauguration fund
Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos have a particularly sketchy past with President-elect Donald Trump. OpenAI CEO Sam Altman is in a heated legal battle with Elon Musk, who became one of Trump’s biggest backers and is poised to have an outsized role in his second administration. That all helps explain announcements this week regarding donations to Trump’s inauguration fund. “President…