Energy news
Here are some recent energy news updates:
Renewable Energy
- The cost of solar energy has fallen by 70% over the past decade, making it more competitive with fossil fuels. (Source: BloombergNEF)
- The world's largest offshore wind farm, the Walney Extension, has been completed off the coast of the UK. (Source: BBC)
- India has set a target of generating 40% of its electricity from non-fossil fuels by 2030. (Source: Reuters)
Electric Vehicles
- Tesla has announced plans to launch a new electric vehicle model, the Cybertruck, which will have a range of over 500 miles. (Source: Electrek)
- China has become the world's largest market for electric vehicles, with over 50% of global sales. (Source: Bloomberg)
- The UK government has announced plans to ban the sale of new petrol and diesel cars by 2040. (Source: BBC)
Oil and Gas
- The price of oil has fallen to its lowest level in over a year, due to concerns over global demand. (Source: CNBC)
- The US has become the world's largest oil producer, surpassing Saudi Arabia and Russia. (Source: Bloomberg)
- The UK's North Sea oil and gas industry is facing a crisis, with many companies shutting down operations due to low prices. (Source: The Guardian)
Nuclear Energy
- The UK has announced plans to build a new nuclear power plant at Hinkley Point C, which will be the first new nuclear power station in the UK in over 20 years. (Source: BBC)
- France has announced plans to build a new nuclear power plant, which will be the first new nuclear power station in France in over 20 years. (Source: Le Monde)
- The US has announced plans to build a new nuclear power plant in Georgia, which will be the first new nuclear power station in the US in over 20 years. (Source: CNN)
Energy Efficiency
- The EU has announced plans to increase energy efficiency by 32% by 2030, in an effort to reduce greenhouse gas emissions. (Source: EurActiv)
- The US has announced plans to increase energy efficiency by 20% by 2030, in an effort to reduce greenhouse gas emissions. (Source: The Hill)
- The UK has announced plans to increase energy efficiency by 15% by 2030, in an effort to reduce greenhouse gas emissions. (Source: The Guardian)
Energy Storage
- The cost of energy storage has fallen by 70% over the past decade, making it more competitive with fossil fuels. (Source: BloombergNEF)
- The world's largest energy storage project, the Hornsdale Power Reserve, has been completed in Australia. (Source: ABC News)
- The US has announced plans to invest $100 million in energy storage research and development. (Source: The Hill)