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☆ US officials say they're worried a Chinese-owned bitcoin mine in Wyoming will pose a national security threat, NYT reports
▼ + stars: | 2023-10-14 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

The mine is connected to multiple Chinese companies and sits across from a Microsoft data center. The company said that its placement near the data center, which supports the Pentagon, was unrelated. AdvertisementAdvertisementPentagon officials monitoring a Bitcoin operation in Wyoming that sits across from a Microsoft data center and a nearby military base are worried that the owners' ties to China could pose a national security threat, per The New York Times. The Cheyenne, Wyoming, center was one such mine, per the Times. Li Jiaming, the president of Bit Origin Ltd., said that the Microsoft data center or the nearby military base had nothing to do with why the area was chosen.

Persons: —, Francis E, Li Jiaming, Jiaming Organizations: Pentagon, Microsoft, Service, New York Times, Warren Air Force Base, Foreign Investment, Times, Microsoft's Data, The Times, Origin, Officials Locations: Wyoming, China, Cheyenne , Wyoming, Cayman Islands

The AI boom has triggered a surge in spending on data centers. The AI boom has supercharged a wave of spending on data centers. AdvertisementAdvertisementThe data center boom is set to double or triple the amount of energy consumed by these data centers. A recent Cowen research report estimated that AI data centers could require more than five times the power of traditional facilities. Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume.

Persons: —, ChatGPT, it's, Jonathan Gray, Cowen, Marc Ganzi, Shaolei Ren, Tom Keane, Keane, Bernstein, Mark Moerdler, Jahi, Matt McCollister, Pena Popo, Blackstone, Karla Moran, Moran Organizations: Service, McKinsey, Nvidia, UC Riverside, Microsoft, Washington, Getty, Lincoln Property Company, Harrison Street, Google, Meta, Amazon, Blackstone, Income Trust, QTS Realty Trust, Amazon Web Services, AP, Phoenix Locations: America, Rural America, Loudoun Meadows, Aldie , VA, Ohio, New Albany, Columbus, Northern Virginia, Dallas, Phoenix, Silicon Valley, Chicago, Washington, DC, Virginia, New York City, Salt

Brazil boosted clean electricity generation capacity by more than 35% from 2017 to 2022Solar power accounted for 6.8% of Brazil's electricity generation in 2023, up from about 4.2% in 2022, according to Ember. But overall power generation in key European economies such as Germany remains well below peaks seen around 2018-19, as power generators face shortages of key power fuels such as natural gas in the wake of Russia's invasion of Ukraine. In turn, restricted power output has kept energy costs elevated above long-term averages, which curbed consumption from energy-intensive industries and hobbled overall economic growth. The fact that Brazil's power sector has managed to overcome those challenges to create a world-leading clean power sector may offer counterparts in other regions clues on how to maintain growth rates. Brazil's new position as the cleanest major power sector may also help challenge assumptions that clean power expertise is concentrated in wealthier economies, and may widen the perspective of power sector developers who are trying to map out energy system expansion plans over coming years.

Persons: Sao Jose da Barra, Paulo Whitaker, Ember, Gavin Maguire, Robert Birsel Organizations: REUTERS, HYDRO, National Electric Energy Agency, Reuters, Thomson Locations: Furnas, Sao Jose, Minas Gerais, Central Brazil, BRAZIL, LITTLETON , Colorado, Brazil, France, Argentina, America, Europe, Germany, Ukraine, Asia

☆ Huge ancient solar storm revealed by tree rings in French Alps
▼ + stars: | 2023-10-09 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

Researchers said on Monday the solar storm - the sun sending a large burst of energetic particles into space - occurred 14,300 years ago. Nine such extreme solar storms now have been identified using tree-ring radiocarbon evidence, with the most recent in 774 and 993 AD. The largest directly observed solar storm, called the Carrington Event, occurred in 1859, wreaking havoc on telegraphs and creating a nighttime aurora so bright that birds sang as if the sun was rising. The effects of solar storms can disable electronics. "If similar solar storms happened today, they could be catastrophic for society, as we are so reliant upon technology," Heaton said.

Persons: Cecile Miramont, eked, Tim Heaton, Heaton, Edouard Bard, Cécile Miramont, Will Dunham, Rosalba O'Brien Organizations: REUTERS, University of Leeds, Engineering Sciences, Marseille University, Thomson Locations: Gap, Handout, England, France, paleoclimates, Aix, Washington

☆ Data centers are booming. Their need for power is causing utilities to retreat on green energy.
▼ + stars: | 2023-10-09 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +18 min

Katie Hobbs at Google's September announcement of a a new $600 million data center in Mesa, Arizona. The amount of electricity needed to power data centers in the U.S. is expected to more than double by 2030, according to McKinsey. "With data centers, you're going to do all of the above to have capacity to meet those loads." Utilities struggle to meet data center loads while cutting carbonThe utility-level impact of the data center industry's energy demand reaches beyond Phoenix. In preliminary documents, it has identified data centers as "the major source of load growth during 2023-2038."

Persons: Karla Moran, Moran, Katie Hobbs, you've, Terry Boston, James Glynn, Glynn, Caryn Potter, it's, OPPD, that's, David Corbin, Corbin, Valerie Plesch, Aaron Ruby, Devon Smiley, Smiley, Lee Kestler, Ruby, George Frey, Wendy Bridges, Bridges, Jill Hanks, Hanks, Potter, Meghin Delaney, Reno, Kestler, EdgeCore, Hunter Holman, Delaney, Holman Organizations: Microsoft, Google, Digital Realty, Arizona Gov, McKinsey, PJM, Columbia University's Center, Global Energy Policy, Southwest Energy Efficiency, Utilities, Omaha Public Power, Sierra Club's, The Washington, Getty, Dominion Energy, Dominion, Blackstone, KKR, APS, Phoenix, Goodyear, NV Energy, Reno, Bay Area, Silver State, Western Resource Locations: Phoenix, Salt, Mesa , Arizona, City, Mesa, U.S, Arizona, Phoenix . Omaha , Nebraska, New York, Sierra Club's Nebraska, Woodbridge , Virginia, Virginia, Nebraska, OPPD, Eagle Mountain , Utah, Brookfield, Seattle, Goodyear, Bay, Nevada, Reno, Las Vegas, North

☆ Ukraine heads into winter with a hobbled energy system
▼ + stars: | 2023-10-06 | by ( Olena Harmash | ) www.reuters.com time to read: +6 min

Ukraine declines to share detailed data on the impact of attacks on its energy system, treating it as sensitive information during wartime. Kyiv School of Economics' research centre estimated the direct damage to Ukraine's energy infrastructure at $8.8 billion as of June. Last winter, Ukraine was helped by relatively mild weather, rapid repairs, nuclear power and electricity imports from Europe, but some officials expect tougher conditions this time. Volodymyr Kudrytskyi, head of national grid operator Ukrenergo, said the main grid, one of the most damaged parts of the energy system, was ready to transmit winter volumes of electricity. "The energy system is not as reliable and with a smaller reserve capacity than it was before the targeted strikes," he said.

Persons: Marcus Lippold, It's, it's, Andriy Sadovy, Oleksandr Kharchenko, Dmytro Sakharuk, Sakharuk, DTEK, Denys Shmyhal, Shmyhal, Volodymyr Kudrytskyi, Oleksiy Chernyshov, Serhiy Sukhomlyn, Julia Payne, Mike Collett, White, Gareth Jones Organizations: United Nations, Kyiv School of Economics, Lviv, Energy Industry Research Center, Reuters, Ukraine's, Naftogaz, Thomson Locations: Ukraine, Russian, Brussels, Russia, Moscow, Europe, Zhytomyr, Kyiv

☆ Italy's Prysmian sees core profit rising 34% by 2027 under new strategy
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

This will help it increase its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to around 2 billion euros ($2.1 billion) in 2027, from 1.49 billion euros last year, Prysmian said in a statement. Milan-listed shares in the company were up 2.6% by 0730 GMT, among the best performers within Italy's blue chip basket (.FTMIB). "Prysmian is uniquely placed to benefit from the opportunities presented by the structural changes arising from the convergence of the energy transition and digital transformation," Chief Operating Officer Massimo Battaini said in a statement. Annual cash flow is seen growing to between 0.9 billion and 1 billion euros in 2027 from 559 million euros last year. "Targets to 2027 are ambitious and above our estimates," Equita analyst Luigi De Bellis said in a note.

Persons: Battaini, Battista, Prysmian, Massimo Battaini, Valerio Battista, Luigi De Bellis, Giulio Piovaccari, Gianluca Semeraro, Sonali Paul, Michael Perry Organizations: Company, Cable, Thomson Locations: MILAN, Netherlands, Milan

☆ 'Fertile ground': Goldman names stocks to tap a $6 trillion renewables market, gives one 58% upside
▼ + stars: | 2023-10-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

"This would suggest very fertile ground for the Green Energy Majors," they said, referring to the major stocks. Revisiting green energy stocks Goldman said these buy-rated stocks are among the "most interesting names": German offshore wind power generation company RWE . Goldman's price target: 54 euros ($56.60), giving it an implied upside of about 58%. Goldman's price target: 5.25 euros, giving it an implied upside of about 37%. Spanish solar energy firm Solaria : Goldman's price target: 17.5 euros, giving it an implied upside of about 24%.

Persons: Goldman Sachs, Goldman, Michael Bloom Organizations: Green Energy Locations: Europe, United States, U.S, Portuguese, Spanish

☆ Outperforming portfolio manager names 5 discounted global stocks to buy right now
▼ + stars: | 2023-10-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Many stocks have become "a bit cheaper" and investors could get good returns, according to one portfolio manager. "Now, we've seen quite a lot of stocks coming up and there's quite a lot of discounted stocks out there," he said. "So we've been looking a lot at the industrials and consumer stocks that have been quite beaten up in the last few months. He was previously portfolio manager of the Orca Global Fund, which is now closed. Five discounted names He named these five global stocks in the industrials and consumer sectors: Germany's DHL and Siemens , Hong Kong's Techtronic , China's Nari and India's Infosys .

Persons: Ted Alexander, BML, CNBC's, we've, Alexander, Hong Kong's, China's, Techtronic Organizations: Global Fund, Orca Global Fund, Nasdaq, Germany's DHL, Siemens, Hong, India's Infosys, Infosys

☆ Climate target walk-backs highlight 'overzealous' policy pledges, OPEC chief says
▼ + stars: | 2023-10-02 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Haitham al-Ghais, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), speaking at the Energy Asia Summit on June 26, 2023. Asked about the impact of high oil prices on consumers, al-Ghais said this "depends on the state of the global economy" and noted increases in oil demand. We're seeing historically high, phenomenally high growth figures for oil demand," he said. An OPEC+ technical committee convenes digitally on Wednesday to review market fundamentals and the individual production compliance of member countries. Three OPEC+ delegates, speaking anonymously because of the sensitivity of the discussions, told CNBC it is unlikely this week's JMMC meeting will lead to policy adjustments.

Persons: Haitham, CNBC's Dan Murphy, Ghais Organizations: Organization of Petroleum Exporting, Energy Asia Summit, Bloomberg, Getty, OPEC, Organization of, Petroleum, Abu Dhabi International Progressive Energy Congress, European Union, Brent, International Energy Agency, CNBC, COP28 Locations: OPEC, Europe, Ukraine, Paris

☆ Cable makers are green investing’s dark horses
▼ + stars: | 2023-09-28 | by ( Lisa Jucca | ) www.reuters.com time to read: +4 min

An electrical power pylon with high-voltage power lines is seen next to wind turbines near Weselitz, Germany November 18, 2022. Moving away from fossil fuels will require laying thousands of new and stronger power lines carrying electricity from source to end users. Putting the additional earnings on Prysmian’s expected EBITDA multiple for 2026 of 8 times would generate an additional enterprise value of 2 billion euros, nearly 20% above today’s 11.6 billion euros. One potential snag is that cable makers’ annual capacity for high-voltage cables is currently only 6 billion euros per year. The volume of high-voltage cable orders has risen to more than 10 billion euros last year from around 3 billion euros in 2019, according to industry and analyst estimates.

Persons: Lisi Niesner, Prysmian, George Hay, Streisand Neto Organizations: REUTERS, Reuters, International Energy Agency, JPMorgan, Reuters Breakingviews, Thomson Locations: Weselitz, Germany, Europe, North America, Britain, Denmark, China

☆ Copper is critical to energy transition. The world is falling way behind on producing enough
▼ + stars: | 2023-09-27 | by ( Bob Woods | ) www.cnbc.com time to read: +8 min

watch nowIn the meantime, copper customers, in anticipation of shortages, are either delaying clean energy projects or reducing their need for copper, an economic principle known as demand destruction. Among other actions, it would dismantle most of the clean energy projects initiated by the Biden Administration. At that point, the consensus was that there would be a major copper supply response. That's presented the industry with a whole new era of copper demand, Adkerson said. China's economy has slowed, while those in the U.S. and Europe are striving to transition to clean energy.

Persons: Wood Mackenzie, Nick Pickens, we've, we're, Tesla, eyeing, Rishi Sunak, Richard Adkerson, he's, Adkerson, That's, Clayton Walker, Matt Murphy, Murphy, Walker Organizations: Polska Miedz SA, Bloomberg, Getty, EV, P, International Energy Agency, Heritage Foundation, Republican, Biden Administration, Phoenix, Resources, Freeport, Afp, Rio, Barclays, Rio Tinto, Caterpillar Locations: Glogow, Poland, Wood, EVs, McMoRan, Freeport, China, U.S, Europe, Papua, Freeport's Indonesia, Rio Tinto, Mongolia, Salt Lake City , Utah, Indonesia, Rio

☆ Beaten down US solar sector may be primed for a rebound: Maguire
▼ + stars: | 2023-09-27 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

High interest rates that caused financing costs for panel installations to surge and enduring supply chain disruptions have stifled residential and corporate solar system orders through much of 2023, hammering sector sentiment. SunPower Corporation (SPWR.O), which for nearly 40 years has been one of the largest U.S. residential solar system installers, has been the downside leader in terms of key solar share prices, dropping by nearly two-thirds year-to-date. The company also expects its leasing business - where it leases instead of sells solar panels to households, and charges homeowners a monthly fee - to show continued growth following a 108% expansion in the second quarter. HOME GROWN PRODUCTIONFirms that specialize in the manufacture of key solar components have also seen steep stock price declines this year. Wall Street trackers are also upbeat on the outlook for First Solar (FSLR.O), which is one the few solar sector companies to have had share prices gain year-to-date.

Persons: Roth, Gavin Maguire, Jamie Freed Organizations: SunPower Corporation, Enphase Energy Inc, Reuters, Thomson Locations: LITTLETON , Colorado, California, U.S, United States, Ohio, Alabama

☆ Net Zero Is Still Possible, but Clean Energy Spending Must Go Faster
▼ + stars: | 2023-09-26 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

At least $4.5 trillion a year in clean-energy investments will be needed by the start of the 2030s to reach net zero by 2050, the IEA said. “We have the tools needed to go much faster,” the report said. It estimates that 80% of the emissions reduction needed by 2030 can come from increasing renewable generation, energy efficiency and electrification, as well as from cutting methane emissions. The new report comes as policies toward green energy globally are at a crossroads, with politicians balancing green ambitions with energy security and a cost-of-living squeeze. “Without efforts to reduce methane emissions from fossil fuel supply, global energy sector CO2 emissions would need to reach net zero by around 2045,” the report said.

Persons: Ajit Solanki, “, Yusuf Khan Organizations: Press, International Energy Agency, IEA, Business Locations: Surendranagar, Gujarat, India, Paris, Ukraine, China

☆ Peak Oil Is Near, Energy Agency Says, but Climate Change Is Far From Solved
▼ + stars: | 2023-09-26 | by ( Brad Plumer | More About Brad Plumer | ) www.nytimes.com time to read: +1 min

In a new report, the International Energy Agency issued an updated road map of what it would take to slash the world’s energy-related greenhouse gas emissions to nearly zero by 2050. The agency laid out its first version of the road map in 2021 and said at the time that immediate action was needed to hit that target. On the one hand, global investment in low-emissions energy has increased roughly 40 percent, reaching $1.8 trillion this year. And the rapid expansion of solar power and electric vehicles has largely been in line with what that earlier report recommended, particularly in places like China, the United States and Europe. But the world can’t solve climate change with solar power and batteries alone, the new report warns.

Organizations: International Energy Agency Locations: China, United States, Europe

Forecasting solar storms is especially difficult right now, even as the sun is getting more active. CMEs fling charged, super-hot plasma into space, and sometimes — like in the case of this CME — that plasma strikes Earth. On the bright side, these solar storms also make stunning displays of the Northern Lights, or aurora borealis, visible in the middle of the US. On a different day, all of these effects combined could have created a very violent solar storm. In the worst-case scenario, which is very rare, all the conditions align to send a very fast and very powerful solar storm to Earth.

Persons: oozing, Keith Strong, Lockheed Martin, Dean Pesnell, Rune Stoltz Bertinussen, Matt Owens, Bryan Brasher, Daniel Verscharen, Owens Organizations: Service, Lockheed, NASA, Dynamics, Prediction, National Oceanic, Atmospheric Administration, Reuters, CME, University of Reading, University College London, NASA Solar Dynamics Locations: Wall, Silicon, Tromso, Norway, Montana , Missouri, Virginia

☆ Analysts name 2 stocks to play the $104 billion EV charging industry — giving one 95% upside
▼ + stars: | 2023-09-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Public electric vehicle charging infrastructure remains "critical" in driving further EV adoption, said analysts at investment bank TD Cowen. "A ubiquitous and reliable network of public EV charging infrastructure remains critical in driving further adoption to curtail CO2 emissions from the transportation sector," said TD Cowen. Here are some areas that will take up the bulk of that opportunity, as well as stocks that could benefit, according to TD Cowen. Passenger EV charging hardware The bank estimates that $91 billion in investment is required for publicly available U.S. EV charging hardware and installations for passenger vehicles, and another $14 billion for commercial vehicles by 2030. "Ultimately, we think the next wave of EV charging companies will have a keen focus on the fleet /medium/heavy-duty sector," it said.

Persons: TD Cowen, Cowen, Gage, They're, ChargePoint, — CNBC's Michael Bloom Organizations: EV, ChargePoint Holdings, ABB, Software, DC Locations: U.S, United States, America

☆ 'A real big deal': Biden backs economic corridor as shifting geopolitical alliances fragment the global economy
▼ + stars: | 2023-09-18 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

This would in turn secure regional supply chains, boost trade connectivity and economic activity — all similar to objectives underpinning China's Belt and Road Initiative, a global infrastructure investment strategy that Beijing launched in 2013. - | Afp | Getty ImagesThis Biden-led initiative will comprise of two separate corridors, the east corridor connecting India to the Middle East and the northern corridor connecting the Middle East to Europe. Middle East influenceChina's BRI offers a glimpse into Biden's ambition and perhaps what his infrastructure pact will come up against. Debt risksEven then, China's 10-year head start offers some cautionary lessons for Biden's global infrastructure pact. "25% of debt of emerging markets is treading in distressed territory," IMF's Managing Director Kristalina Georgieva told CNBC on the sidelines of the Delhi G20 leaders' summit.

Persons: Crown Prince, Mohammed bin Salman, Narendra Modi, Joe Biden, Ludovic Marin, Recep Tayyip Erdoğan, Evan Feigenbaum, Emmanuel Macron, Joko Widodo, Luiz Inacio Lula da Silva, Gandhi, Biden, China's BRI, Beijing's BRI, Chong Ja Ian, Kristalina Georgieva, Janet Yellen, Chong, Modi Organizations: Saudi, Crown, India's, Bharat, Afp, Getty, Biden, Initiative, Carnegie Endowment, International, Brazil's, European Union, Democratic, Fudan University, for Economics, Business Research, Arab, United Arab, Bloomberg, IMF, National University of Singapore, Monetary Fund, World Bank, CNBC, Treasury, NUS, India, Shanghai Cooperation Organization Locations: New Delhi, Turkey, Delhi —, Beijing, U.S, Raj, India, East, Europe, UAE, Saudi Arabia, Jordan, Israel, Delhi, Democratic Republic of, Congo, Zambia, Lobito, Angola, Middle, Shanghai, London, China, United Arab Emirates, Washington, Saudi, Iran, People's Republic of China, New York, United States

☆ Investors glimpse opportunity in Europe's unloved mining shares
▼ + stars: | 2023-09-15 | by ( Samuel Indyk | ) www.reuters.com time to read: +6 min

The metals and mining sector is typically used as a proxy for equity investors in Europe to gain exposure to China, given it is the world's largest commodities consumer, and it has sunk along with China's growth expectations. But Beijing in recent weeks has taken targeted steps towards supporting key pockets of its economy, lifting the mining sector off its 31-month lows. In the last month, the mining index has risen nearly 10% compared with a gain of just 2.5% for the wider STOXX 600. Sweeney says this wide range of measures could be a catalyst for an upturn in the metals and mining sector. "Obviously, the 800-pound gorilla from a primary metal demand perspective is China," Peter Mallin-Jones, mining analyst at UK investment bank Peel Hunt, said.

Persons: Ints, Nathan Sweeney, multiasset, Sweeney, LSEG, Peter Mallin, Peel Hunt, Jones, Daniel Major, Marlborough Investment Management's Sweeney, Samuel Indyk, Amanda Cooper, Elaine Hardcastle Organizations: REUTERS, Equity, Marlborough Investment Management, Miners, London Metal, Morningstar, UBS, Rio Tinto, BHP Group, Major, Marlborough Investment, Thomson Locations: Garpenberg, Sweden, China, LONDON, Europe, Beijing, Singapore, India, Indonesia, Malaysia, Nigeria, United States, Rio, Antofagasta, Rio Tinto, Marlborough

☆ EU's von der Leyen pledges more support for wind industry
▼ + stars: | 2023-09-13 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

[1/2] European Commission President Ursula von der Leyen delivers the State of the European Union address to the European Parliament, in Strasbourg, France, September 13, 2023. We will focus on skills, access to finance and stable supply chains," von der Leyen said in a speech to the European Parliament on Wednesday. But Europe's offshore wind power industry has warned governments it is not big enough to deliver green power goals and requires a jump in policy support to get on track - particularly if new wind farms are to be manufactured in Europe. "The future of our clean tech industry has to be made in Europe," von der Leyen said. Von der Leyen vowed to "stay the course" on Europe's green agenda, promising talks with industries - including agriculture - concerned about their role in the green transition.

Persons: Ursula von der Leyen, Yves Herman Acquire, von der Leyen, Eurelectric, von der, Von der Leyen, Kate Abnett, Gabriela Baczynska, Louise Heavens Organizations: European, European Union, REUTERS, Renewables, Energy, Thomson Locations: Strasbourg, France, Europe, BRUSSELS, EU

☆ Chevron buys world's biggest hydrogen storage plant in Utah
▼ + stars: | 2023-09-12 | by ( Sabrina Valle | Thomson Reuters | U.S. Energy Correspondent Focused In Covering Global Operations Of Oil Majors Out Of Houston. | ) www.reuters.com time to read: +2 min

HOUSTON, Sept 12 (Reuters) - U.S. oil major Chevron Corp (CVX.N) on Tuesday said it has acquired a majority stake in the world's largest proposed storage facility for hydrogen from renewable energy. U.S. majors Chevron and Exxon Mobil (XOM.N) are rushing to lower production costs and bring scale to the technology as part of their lower carbon fuel strategy. Chevron wants to develop "a large-scale, hydrogen platform that provides affordable, reliable, ever-cleaner energy,” said Austin Knight, vice president of hydrogen, Chevron New Energies. Hydrogen can also be used to store energy and used to adjust seasonal supply and demand needs in power grids. It is spending an average of $1.25 billion per year through 2028 to reduce its own emissions and expand lower carbon fuels including hydrogen.

Persons: ”, Austin Knight, Sabrina Valle, Sourasis Bose, Pooja Desai, Sharon Singleton Organizations: Chevron Corp, Chevron, Exxon Mobil, ACES, Haddington Ventures, U.S . Department of Energy, Mitsubishi Power Americas, Magnum, International Energy, Hydrogen, Thomson Locations: ACES Delta, Haddington, Delta, Utah, Chevron, Houston, Bengaluru

☆ New Mideast corridor would include trains to India, Delhi says
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

Saudi Arabia's Crown Prince Mohammed bin Salman inspects the honour guard during his ceremonial reception at the Rashtrapati Bhavan presidential palace in New Delhi, India, September 11, 2023. Asked about the proposals, Ausaf Sayeed, a secretary in the Foreign Ministry, spelled out that the corridor would include trains to India and not just links by port. Saudi Arabia is among the top exporters of petroleum to India. Sayeed said that new corridor will include ports, railways, better roads and also power, gas grids and optical fiber network. During their talks earlier in the day the Indian leader and the Saudi crown prince also discussed cooperation in space, semiconductors and collaboration in defence manufacturing as well.

Persons: Crown Prince Mohammed bin Salman, Stringer, Ausaf, Khalid Al Falih, Prince Mohammed bin Salman's, Sayeed, Shivam Patel, Krishn Kaushik, Ed Osmond, Angus MacSwan Organizations: Saudi, Crown, REUTERS, Foreign Ministry, European Union, United Arab, Initiative, Saudi Investment, Gulf Cooperation Council, Thomson Locations: New Delhi, India, DELHI, East, South Asia, Indian, Delhi, United States, Saudi Arabia, United Arab Emirates, Monday, Saudi

☆ How search and rescue teams pull survivors from the rubble after earthquakes
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +9 min

The International Search and Rescue Advisory Group (INSARAG), a network of countries and organisations under a U.N. umbrella, helps facilitate coordination between international search and rescue teams that deploy in such disasters. The survey helps to identify possible resources and hazards, as well as the main priorities for search and rescue teams. The disaster area is often then drawn into sectors to allocate command and to assign search teams. Often debris must be removed by hand to avoid crushing survivors by using heavy equipment.Below are some of the smaller types of rescue equipment that may be used by rescue teams. Search and rescue teams will work day and night in cold, wet weather while also facing the threat of aftershocks.

Organizations: Advisory, Rescue, Workers Locations: Caribbean, Haiti, Jandaris, Syria

☆ The power grid needs repairs. These companies stand to benefit
▼ + stars: | 2023-09-10 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

A budding ecosystem of companies stand to gain as businesses and policymakers grow increasingly focused on improving the electric grid. President Joe Biden committed $95 million to shore up Hawaii's electric grid following the tragedy. Beyond that, Kalton said it's also just good business sense: Utility companies don't want their grids to go down and leave unhappy customers without power. And he said utility companies can grow earnings power by spending capital and increasing their base rate. An ecosystem of companies Beyond physically changing the grid, some companies are making progress elsewhere, said Chanin, whose ETF is up about 18% this year.

Persons: Neil Kalton, Joe Biden, It's, —, Said, Kalton, it's, Steven Fisher, doesn't, Fisher, Andrew Chanin, Chanin, Eaton, Michael Bloom Organizations: NBC News, Electric, UBS, Primoris Services, LSEG, Nvidia Locations: Maui, U.S, Wells Fargo, California , Colorado, Oregon, California, Florida, Texas

☆ Extremist attacks on US power grids are increasing and election seasons are usually a popular time for them, experts say
▼ + stars: | 2023-09-10 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

Power grid attacks doubled from the first quarter of 2022 to the same period in 2023, Politico reported. One expert also told Politico that spikes have coincided with the 2020 and 2022 election seasons. Politico found that the number of power grid attacks in the first three months of 2023 had doubled compared to the same time period in 2022. Power grid attacks spiked during both the 2020 and 2022 election seasons, Manny Cancel, senior vice president at the North American Electric Reliability Corp, told Politico. The FBI has warned power executives to remain diligent and aware of threats to the grid, Politico reported.

Persons: Manny Cancel Organizations: Politico, Service, North American Electric Reliability Corp, FBI Locations: Wall, Silicon, United States, Virginia , North Carolina, South Carolina

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