Tag: electrification

Vulnerabilities in Solar Panels Could Be Exposed by Chinese Hackers: Senator

July 21, 2023
AustraliaBusiness & MarketsChina Business & EconomyChina NewselectrificationenergyEVshackersInfiltrating the WestInternationalNational Securitynet zerosolar panelsolar panelsSpecial TopicsTechTech NewsUSWorld
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The rush to net zero could leave gaping holes for Chinese-backed hackers to disrupt Australia’s energy grid, warns Senator James Paterson. Solar power is a key pillar in the march towards reducing emissions with Australia estimated to need 2.7 billion solar panels to reach net zero by 2050, according to estimates from the University of…

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Irvine Looks to Incentivize Electrification in City After Natural Gas Ban Blocked by Court

June 26, 2023
BerkeleyCaliforniaelectrificationGas stove banirvineRegional & State NewsSouthern CaliforniaSouthern California OC NewsState NewsUS
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The Irvine City Council voted 4–1 June 13 on a plan to incentivize all new homes and commercial buildings to be electric-powered in the city, after an earlier effort to mandate them was stymied when a federal court ruled another city in California could not ban natural gas in new construction. City staff is now…

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America Will Be Petroleum, Natural Gas Exporter Through 2050, Predicts Energy Information Administration

March 16, 2023
Business & Marketseconomic policieseconomyEIAelectrificationenergyEnvironmentInvestmentNatural gasOilPolicies & ImpactsScienceScience NewsUSUS FeaturesUS News
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The Energy Information Administration (EIA) expects the United States will remain a net exporter of petroleum and natural gas at least through the middle of this century. Its 2023 Annual Energy Outlook, released on March 15, credits that trend to “growing international demand.” Yet, the EIA also projects that zero-carbon nuclear power, natural gas, and…

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US Will Be Petroleum, Natural Gas Exporter Through 2050, Government Agency Projects

March 16, 2023
Business & Marketseconomic policieseconomyEIAelectrificationenergyEnvironmentInvestmentNatural gasOilPolicies & ImpactsScienceScience NewsUSUS FeaturesUS News
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The Energy Information Administration (EIA) expects the United States will remain a net exporter of petroleum and natural gas at least through the middle of this century. Its 2023 Annual Energy Outlook, released on March 15, credits that trend to “growing international demand.” Yet, the EIA also projects that zero-carbon nuclear power, natural gas, and…

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White House to Electrify Federal Buildings Amid Anti-Gas Drive

December 9, 2022
bidenBusiness & MarketsDepartment of EnergyelectrificationNatural gasreal estate
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The White House has unveiled an ambitious plan to curb fossil fuel use at federal buildings in a bid to fight climate change, drawing criticism from the natural gas industry amid a growing nationwide campaign to switch buildings to all-electric power. The plan, announced Dec. 7, involves the first-ever federal building performance standard, which sets…

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South Korea’s Hyundai Motor Plans to Invest $16 Billion in EV Push

March 2, 2022
Asia & PacificBusiness & EconomyCompanieseconomyelectrificationEVHyundaiMarketsWorld
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SEOUL—South Korea’s Hyundai Motor Co. said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) towards electric vehicle (EV) related businesses. Hyundai Motor, which together with affiliate Kia Corp. is among the world’s top 10 biggest automakers by sales, targets to achieve a…

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Push for Electrification to Reach Net Zero Means Large-Scale Mining, Greater Dependence on China: Experts

February 22, 2022
Business & EconomyChinaChina Business & EconomyClimate PoliciescommoditieseconomyelectrificationGlobal ExpansionMarketsminingNational Securitynet zeroPolicies & ImpactsScienceScience NewsSpecial TopicsTech CompetitionUSUS FeaturesUS-China relations
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“Electrification” has become a watchword for the Biden administration, particularly as part of the push for net-zero emissions in the U.S. economy by 2050. In November 2021 remarks to GM CEO Mary Barra, for example, President Joe Biden credited General Motors with having “electrified the automobile industry”—a claim immediately questioned by Tesla Motors’ Elon Musk. The…

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