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Tesla highlights the Megapack site replacing Hawaii’s last coal plant

Teslarati

Tesla has highlighted a Megapack project that went live in Hawaii earlier this year, which is effectively replacing the state’s last coal plant. Nearby Chairman Anthony Makana says that the BESS project allowed for the “sunsetting of one of the dirtiest polluters in our community,” referring to the coal plant.

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 Other key findings from the May 2022 STEO forecast include: Solar and wind power will provide 11.1% in summer 2021.

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Renewables have overtaken fossil fuel as Italy’s main power source

Teslarati

percent during the same period in 2023, while fossil fuels saw a 19-percent decrease year over year, and coal production dropped steeply by 77.3 The increase in renewables was driven largely by hydroelectric power, which saw a record production increase of 64.8 Solar power made up 30.8 percent and 18.2

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. thousand terawatt-hours in 2018, up from 6.4

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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

While more effort is needed to reach that goal, one energy organization has predicted that renewables will overtake coal generation as the world’s largest electricity source in early 2025. Solar PV and wind account for 95 percent of the predicted 7,300 GW renewable expansion between 2023 and 2028. In the U.S., In the U.S.,

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EIA expects annual US crude oil production to surpass pre-pandemic levels in 2023

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The US Energy Information Administration (EIA) forecasts that US oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. EIA also expects OPEC to increase its crude oil production to 28.9 million barrels per day in 2021. increase from 2020.

Oil 199
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bp and thyssenkrupp Steel to advance the decarbonization of steel production; low-carbon hydrogen and renewable power

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bp and thyssenkrupp Steel have signed a memorandum of understanding (MoU) focused on the development of long-term supply of low-carbon hydrogen and renewable power in steel production, helping accelerate the steel industry’s wider energy transition. thyssenkrupp Steel accounts for 2.5%

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