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Keywords: Renewable energy
The conflict involving the United States, Israel and Iran has accelerated global investment in battery storage, intensifying a shift already underway in power systems worldwide. Falling battery costs and rising electricity demand, driven in part by data centers, had set the stage for rapid expansion.......
Tesla Inc. is expected to rely increasingly on its energy storage business to support overall performance as its core automotive division faces pressure from shrinking profit margins and declining regulatory credits. The company’s energy segment, which includes large-scale battery systems and......
European electricity prices have fallen below levels seen before the Middle East conflict, driven by a combination of expanding renewable energy output and a sharp decline in natural gas prices. The drop accelerated after Iran announced the reopening of the Strait of Hormuz, easing concerns over energy......
The war in Iran, now in its seventh week, has disrupted roughly 20 percent of global oil supply passing through the Strait of Hormuz and pushed energy prices to levels not seen since 2022. Yet the crisis is also accelerating a structural shift toward renewable energy, with analysts saying the transition......
The war in Iran and disruptions to oil and gas flows through the Strait of Hormuz are reshaping global energy markets, with China positioned to benefit most. In a Substack post published on April 13, Paul Krugman warned that rising geopolitical tensions are pushing energy-dependent economies away from......
Norwegian energy company Equinor has sold a significant portion of its stake in solar energy firm Scatec, in a deal valued at approximately $169 million. The transaction reflects ongoing adjustments within the global energy sector as companies reassess their investment strategies. The sale involved......
The crisis in the Strait of Hormuz has accelerated a global shift away from fossil fuels, driving a sharp increase in China’s clean energy exports as countries seek alternatives to disrupted oil and gas supplies. Since Iran effectively blocked the strategic maritime route on February 28 following......
Morocco has launched technical studies for the construction of Igouda, a project set to become Africa’s largest data center in the southern city of Dakhla. The initiative forms part of the country’s strategy to strengthen digital sovereignty and expand its role in data infrastructure across......
The worst energy crisis in modern history will ultimately accelerate the worldwide transition to renewables, nuclear power, and electric vehicles, International Energy Agency executive director Fatih Birol said in an interview published Tuesday by French daily Le Figaro. Birol described the current......