As major oil companies released their first-quarter earnings, profits from their petrochemical units hit record highs and demand for petrochemicals is only set to grow. According to Bloomberg, this trend Continue Reading
Wright Electric, a company developing an electric single aisle commerical aircraft comparable to the Boeing 737 or Airbus 320 ( earlier post ), has begun testing and has demonstrated a Continue Reading
It’s the postponed weddings and family reunions. It’s meeting newborn grandchildren and attending memorial services for loved ones lost to the pandemic. It’s the rebooked trips to Maui and adventures Continue Reading
The body for an electric Zeekr, made by Geely, inside the welding hall of a factory near Ningbo, China.Lorenz Huber for The New York Times Fueled with money from Wall Continue Reading
In 2020, Tesla deployed 18,700 tonnes of LCE onto roads globally in the batteries of its newly sold passenger EVs, more than the next four EV makers (BYD, VW, Renault Continue Reading
Solid Power, a developer of all solid-state batteries for electric vehicles, announced a $130-million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies. Continue Reading
According to figures from the US Department of Energy (DOE), as of March 2021, there are 25 states that have at least 1,000 non-residential electric vehicle (EV) charging units (public Continue Reading
Chinese tech giant Baidu rolled out its paid driverless taxi service on Sunday, making it the first company to commercialize autonomous driving operations in China. Unlike previous Baidu autonomous driving Continue Reading
U.S jet fuel demand is rising along with an increase in domestic air travel, the Energy Information Administration (EIA) said this week. Global and U.S. jet fuel demand is slowly Continue Reading
President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy Continue Reading
One of the more surprising implications of the energy transition is energy companies actually trying to sell you energy. For example, today you buy gasoline, sure, but no one sells it to you. You Continue Reading
Despite high vaccination rates in many parts of the world, people appear to be still wary of public transit, opting for personal vehicles, which is driving up demand for crude Continue Reading
It’s starting to feel as commonplace as handwashing: To protect against Covid, people across the globe are skipping trains and buses. Instead, they’re part of the great car comeback that’s Continue Reading
Worldwide sales of electric vehicles (EVs) jumped by 41 percent last year while the total global car sales fell in the pandemic-related downturn, the International Energy Agency (IEA) said on Continue Reading
Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent Continue Reading
When GM’s very first car, the Chevrolet Classic 6, appeared on Detroit’s streets in 1912, it ran on gasoline. More than a century later, in 2034, the very last GM Continue Reading
A group of Senate Republicans this week outlined a counterproposal to President Biden’s $2.3 trillion American Jobs Plan, saying their $568 billion pitch focuses on what they deem “core infrastructure” — Continue Reading
The Biden administration wants to spend $174 billion to boost electric vehicles and charging stations but its 2030 climate emissions reduction pledge released on Thursday does not include a firm Continue Reading
Bob Dykes speaks in the gravelly drawl you’d expect of a man who grew up in Wyoming and owns an oil-and-gas company. He’s 69 years old, calls himself a political Continue Reading
Global jet fuel demand is slowly recovering from last year’s collapse. The number of commercial flights has more than doubled since April 2020 and even tripled on some days in Continue Reading
Biden Pledges to Cut Greenhouse Gas Emissions in Half by 2030 President Joe Biden’s climate summit has drawn 40 heads of state including China’s Xi Jinping, Vladimir Putin of Russia Continue Reading
Universal Hydrogen announced $20.5-million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Continue Reading
The shift to electric cars in Europe is proving to have staying power. Fully electric and plug-in hybrid vehicles accounted for about 15% of passenger-car sales in the first quarter, the European Continue Reading
In March, BMW presented the Neue Klasse generation of vehicles, to be launched by the middle of this decade, which will be clearly focused on all-electric drivetrains. For the Neue Continue Reading
Toyota Motor Corporation announced Toyota bZ, its newly established series of battery-electric vehicles (BEVs), in establishment of a full line-up of electrified vehicles. At Auto Shanghai, Toyota unveiled a concept Continue Reading
Oil demand is finally bouncing back despite the fact that Covid cases are rising and additional travel restrictions have been put in place. For more great energy content, make sure Continue Reading
Despite a bullish stance on the short-term future of oil demand, Goldman Sachs has a grimmer prediction for the longer-term future of the commodity: in a Bloomberg report, the investment Continue Reading
It’s a sunny, breezy morning in Eugene, Ore., a place best known for access to the great outdoors, a history of environmental activism and being the birthplace of Nike. I’m standing outside Continue Reading
Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, will invest more than $2.3 billion to build its second battery cell manufacturing plant in the United Continue Reading
Mercedes-Benz unveiled the EQS, the first all-electric luxury sedan from Mercedes-EQ. ( Earlier post .) The EQS is also the first model to be based on the modular architecture for Continue Reading
The Volkswagen Group Components plant in Braunschweig is significantly expanding its production of battery systems for the latest electric vehicle generation. Following the first expansion stage with a maximum capacity Continue Reading
Pioneer CEO Sees Oil Rising $5-$10 in Next Few Weeks Add Goldman Sachs Group Inc. to the list of forecasters calling for oil demand to peak sooner rather than later. Continue Reading
Highlights Delta to reopen middle seats on May 1 75% load factor seen in May Working to decarbonize footprint across operations Delta Air Lines, the nation’s second largest airline, saw Continue Reading
Rebound in US domestic air travel leading global recovery Uncertainty about vaccine ‘passports’ hanging over outlook Jet demand seen recovering almost 600,000 b/d in June Global air travel continues to Continue Reading
American Airlines expects its domestic and international seat capacity during the summer travel season to be within 10% and 20% of levels seen in the same period of 2019, the Continue Reading
A record-breaking commercial-scale hydrogen plane has taken off in the UK, with more set to join it soon. How far can such planes go in cutting the aviation industry’s emissions? Continue Reading
Remember when plug-in hybrid cars were the go-to technology for the climate-conscious driver? Turns out, they’re not good for the environment, according to some experts, and they could be phased Continue Reading
SAE International announced revisions to SAE J3072 Standard: Interconnection Requirements for Onboard, Utility-Interactive Inverter Systems and SAE J2847/3 Recommended Practice: Communication for Plug-in Vehicles as a Distributed Energy Source . Continue Reading
After the novel coronavirus tore through communities worldwide and left a path of economic and public health devastation in its wake, many sectors are still struggling to recover. Compared to Continue Reading
With Europe expected to lead the world in electric-car sales for a second straight year, an epic rush to build a battery-supply chain from scratch is playing out across the Continue Reading
The U.S. auto industry sees President Joe Biden’s infrastructure package as accelerating a global shift toward electric vehicles, thanks to the $174 billion proposed for charging stations, planned consumer rebates Continue Reading
President Biden is a muscle-car guy — one of his most prized possessions is a 1967 Corvette that he got from his father. But he’s trying to make this an electric vehicle Continue Reading
Automakers and parts suppliers are prepared to spend $250 billion on boosting the use of electric vehicles in the U.S., and called on the Biden administration to urge Congress to Continue Reading
Cranfield Aerospace Solutions (CAeS)—the UK SME leading the Project Fresson consortium—will exploit recent advances in hydrogen fuel cell technology to develop a commercially viable, retrofit powertrain solution for the nine-passenger Continue Reading
Rolls-Royce has officially started building the world’s largest aero-engine, UltraFan. Work on the first module is underway at the DemoWorks facility in Derby, UK, and the demonstrator engine, which has Continue Reading
Asia-Pacific air passenger traffic plunged 93.7% year on year in February as nations maintained strict border controls due to the global pandemic, Association of Asia-Pacific Airlines data released March 29 Continue Reading
The French government is close to finalizing a recapitalization plan for Air France after addressing some antitrust concerns raised by the European Commission, according to people familiar with the matter. The multi-billion-euro Continue Reading
The European Union must set a date to phase out the sale of new petrol and diesel cars so that the region meets its aim of becoming climate-neutral, according to nine Continue Reading
A slump in Europe’s travel industry could have a knock-on effect for oil and gas as lockdowns spread across Europe once again. European airline shares plunged this week as Germany, Continue Reading
The number of U.S. air travelers exceeded 1.5 million on Sunday, for the first time since the middle of March 2020, in a good sign for oil demand as U.S. Continue Reading
