California Governor Gavin Newsom has called a special session to address the state's rising gas prices, which average $4.64 per gallon, nearly 40% above the national average.
Energy
Cuba Faces 'Energy Emergency' as Officials Struggle to Restore Power to 10M Citizens After Grid Collapse
Over 10 million Cubans face a nationwide blackout after the main energy plant failure, with officials also struggling to quickly restore power.
Energy Supplier Equinor Becomes Orsted's 2nd Largest Shareholder With 9.8% Stake Worth $2.5 Billion
Equinor invested $2.5 billion for a 9.8% stake in Danish offshore wind developer Orsted to expand its renewable energy portfolio despite sector challenges.
Oil Prices at Risk of Rising Above $100 After Intensifying Middle East Conflict
Oil prices saw a slight increase following Israel's airstrike that killed the Hezbollah leader, but no significant disruptions to oil supplies are expected as the market anticipates no major war between Iran and Israel.
UK Energy Firm to Compensate 1,395 Customers $3M for Mishandling Their Complaints
Ovo has been ordered to pay $3M (£2.4M) in compensation and fines after regulators found it failed to address 1,395 customer complaints promptly, with each customer receiving $301 (£271).
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US miners and battery recyclers are rushing to secure government loans before January due to concerns that a re-elected Donald Trump could block crucial funding for domestic mineral production.
US crude oil prices rose to $74.92 per barrel on Thursday, driven by supply disruptions in Libya and weak demand from China.
Kilows integrates patented components into an energy storage system that transforms the way charging stations are deployed. Unlike conventional deployment methods that rely on large-scale grid connections, which are impractical, expensive, and unavailable where they are needed most, Kilows technology enables rapid modular deployment and high-power charging where power is minimally available.
Oil prices are rising due to recent conflicts between Israel and Hezbollah, with fears of Iranian retaliation potentially disrupting global oil supplies and pushing Brent crude to $75-$85 per barrel in September.
The need for innovative solutions has never been more pressing. Fortunately, the founders of Vershuin Energy have not only innovated a way to address this catastrophic global waste problem, but they have turned it into a sustainable opportunity. "We offer a technical solution with a small footprint that packs a knockout punch. Why kick your waste down the road when you can process it into something powerful on-site?" asserts CEO and co-founder Savanna Speciale.
Photonics fuels progress in everything from internet speed to advanced medical scans. Central to this industry are light sources, which are crucial for making all kinds of light-based gadgets and tools work. DAYY Photonics is dedicated to developing industry-leading light sources and custom photonic solutions, offering a range of products designed to meet the diverse needs of the industry.
Regulators have approved a £4.3 billion subsea cable project between Scotland and England, designed to enhance renewable energy transfer and boost energy security.
Most of us can't imagine a world without lights, refrigeration, air conditioning, and the ability to charge our cellular devices. For millions of people living in developing countries, electricity is a luxury they do not have access to; in Asia and India alone, there are nearly 600 million people who live without electricity. Recognizing this lack, computer engineer, MBA holder, ultramarathoner, and entrepreneur Savitha Sridharan founded Orora Global Inc. to address energy poverty and ultimately promote equitable and sustainable development that empowers women, children, and families around the world.
Tesla and Sunrun’s new partnership in Texas will pay homeowners $400 annually for contributing to the grid with their Tesla Powerwall batteries through a virtual power plant system.
