More than two-thirds of North America could see electrical outages when temperatures spike this coming summer because utilities in many areas do not have sufficient reserve generation capacity to meet surges in demand. According to an annual summer reliability assessment published on May 17 by the watchdog North American Electric Reliability Corporation (NERC), the power grid…
IN-DEPTH: Majority of US Power Grid Faces ‘Elevated Risk’ of Summer Outages, Warns Reliability Watchdog
May 18, 2023
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IN-DEPTH: Power Grid Facing ‘Elevated Risk’ of Summer Outages, Warns Reliability Watchdog
May 18, 2023
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Biden green energy pushBusiness & MarketsenergyEnvironmentExecutive BranchNational SecurityPolicies & ImpactsPoliticsRegional & State NewsScienceUSUS Electrical GridUS energy policyUS FeaturesUS News
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More than two-thirds of North America could see electrical outages when temperatures spike this coming summer because utilities in many areas do not have sufficient reserve generation capacity to meet surges in demand. According to an annual summer reliability assessment published on May 17 by the watchdog North American Electric Reliability Corporation (NERC), the power grid…
‘Wind Back Regulation’: Aussie Mining Magnate Urges Federal Government to Consider ‘Regional Security and Stability’
Australian mining magnate Gina Rinehart has urged the federal government to reduce regulations for the mining industry so that the nation’s natural minerals and resources can be better utilised to provide security and stability in the Indo-Pacific. This follows concerns from Japanese gas company Inpex, which said in April that regulatory changes to natural resources…
In-Depth: Tennessee Governor Wants State to Be Leader in Nuclear Energy
May 17, 2023
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The state that was home to the Manhattan Project creating the atomic bomb and the Oak Ridge National Laboratory is seeking to become the national leader in nuclear energy. Republican Tennessee Governor Bill Lee signed an executive order advancing nuclear energy in the state on May 16. Lee’s order (pdf) establishes the Tennessee Nuclear Energy…
Union Pushes Australian Government to Tax Critical Mineral Exports to China
May 16, 2023
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One of Australia’s largest unions is calling on the federal government to impose a “punitive tax” on exports of unprocessed critical minerals to China to protect the country’s national interest. On May 16, Daniel Walton, the national secretary of the Australian Workers Union (AWU), warned of the risks of exporting raw materials to China without…
Biden Vetoes Bill Restoring Tariffs on Some Chinese Solar Panels
May 16, 2023
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President Joe Biden kept his promise to veto legislation reversing his temporary suspension of tariffs on some solar panels from China. “Passage of this resolution bets against American innovation. It would undermine these efforts and create deep uncertainty for American businesses and workers in the solar industry,” Biden wrote in a May 16 message to…
‘Most Expensive’: Energy Minister Says Nuclear Makes No Sense for Australia
Nuclear is not on the table as an option to add to Australia’s energy mix amid a push for net-zero due to the huge initial costs, the Minister for Climate Change and Energy, Chris Bowen, has said. As Australia lacks existing nuclear infrastructure due to its nuclear ban since 1998, the costs required to set…
Nuclear Power Poised for Boom in US but Industry Says Regulatory Reform Needed
May 16, 2023
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Business & MarketseconomyenergyNational SecurityNuclear Energy InstitutePolicies & ImpactsPoliticsRegional & State NewsUSUS energy policyUS NewsUS nuclear power industry
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Private fund managers and venture capitalists in 2022 invested more than $5 billion in nuclear power companies in the United States, where the industry is poised to build “hundreds of new reactors,” double its electrical output, and triple its workforce to meet a projected 50-percent increase in energy demand by 2050. It’s all very exciting,…
Energy Department to Buy 3 Million Oil Barrels to Replenish Strategic Reserves
May 16, 2023
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The U.S. Department of Energy (DOE) has announced that it intends to buy oil to replenish the country’s Strategic Petroleum Reserve (SPR), which has been depleted to multi-decade-low levels. According to the DOE’s Request for Proposal (pdf) issued on May 15, the department is seeking to purchase up to three million barrels of sour crude…
80 Years Before Australia Reaches Net-Zero Goals: Former Snowy Hydro CEO
The former CEO of Australia’s largest renewable energy provider has taken issue with the Albanese Labor government’s green energy policies. Paul Broad, former head of the government-owned Snowy Hydro company, said the government would fail to meet its target of producing 82 percent of the country’s energy from renewable sources by 2030. The comments came…
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