Tag: Energy

Several major players have pledged to contribute major sums towards renewable energy efforts at the COP28 summit on Saturday. These members include the United States, the European Union, and the United Arab Emirates. US Vice President Kamala Harris announced that her nation will contribute $3...

Amazon and Exxon Mobil are among the countries set to receive a portion of $7 billion in U.S. government funding as the nation looks to become a world leader in hydrogen energy. President Joe Biden and Energy Secretary Jennifer Granholm announced this initiative at...

As the artificial intelligence frenzy continues to boost tech stocks, with the Nasdaq Composite surging 26% upwards since the start of the year, it is Wall Street's consensus that this emerging technology will significantly increase energy consumption. Already, statistics are proving such concerns to...

The Energy Information Administration (EIA) confirmed on Thursday its decision to slash its forecast for hydropower generation in the U.S. for 2023. This comes after warmer weather than expected led to reduced water supply. In May, the Northwest United States experienced higher temperatures than expected...

Power prices in Texas are expected to surge by 800% on Sunday evening as extremely hot weather pushes demand toward record levels, placing strain on the state power grid. While power prices on Saturday night hit a height of $275, electricity prices are poised to...

Electricity prices across Europe are plummeting towards sub-zero levels this weekend as a surge of summer winds welcomes the peak season for wind power generation. Data from Epex Spot SE on Saturday showed that energy prices are negative in nearly a dozen countries across the...