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Intelligence for the New World Economy

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Intelligence for the New World Economy
Semafor World Economy

Semafor Energy

Battery storage prices drop to record low, report finds

Costs were higher for other energy technologies, according to BloombergNEF’s latest report.
A battery storage facility.Mike Blake/Reuters

Perch Energy buys Solstice, deepening US community solar push

Perch Energy’s CEO Bruce Stewart spoke to Semafor about the firm’s purchase of Solstice.
Solar panels in California. Carlos Barria/Reuters

EV sales drop caused decline in US clean investments, report finds

US clean investment experienced its largest quarterly drop in nearly a decade.
Wind turbines. Evelyn Hockstein/File Photo/Reuters

Trump voters support solar power expansion, poll finds

75% of Trump supporters agree that “solar energy should be used in the US to strengthen and increase our energy supply.”
Solar panels in California.Nathan Frandino/Reuters

Environmental groups sue EPA over endangerment finding repeal

The “endangerment finding” undergirds most US climate regulation.
Fumes rise from the coal-fired Huntington Power Plant in HuntingtonJim Urquhart/File Photo/Reuters

Trump tests the ‘Houthi paradox’

Donald Trump’s brinkmanship with Iran will test how much pressure the global oil market can withstand before American consumers start to pay the price.
An aerial view of the Iranian shores and Port of Bandar Abbas in the strait of Hormuz.Stringer/File Photo/Reuters

EV carmakers register $65 billion in write-offs globally

The overhaul in EV investments follow a pivot in US climate policy and an overstated enthusiasm for the green transition.

Trump stalls vote on bipartisan Russia sanctions bill

Two senior Democratic senators warned of Trump’s stalling during a visit to Kyiv.

Google launches AI-driven product for grid improvement

The technology uses fiber-optic sensors to capture data about real-time activity and strain on power lines.

Trump’s climate policy experiment

Trump’s latest policy moves set up an interesting test of the power of different styles of government intervention to actually drive decarbonization.

Exelon’s controversial play for affordable electricity

The Midwestern utility giant wants permission to get back in the game of making its own power.

Fewer experts see climate change as global security threat, survey finds

In an Atlantic Council survey of nearly 450 experts, shared first with Semafor, 80% expect the world to become hotter over the next decade.

Trump orders Pentagon to buy power from coal plants

It’s the latest effort by the White House to revive the dirtiest and most expensive fossil fuel.

US energy secretary visits Venezuela to assess oil industry

The first steps are underway, including an overhaul of Venezuelan law to curb state-owned PDVSA’s control.

Rubio turns up the heat on Europe

This year’s Munich Security Conference will test how willing the EU is to risk closer energy ties with the US.

China emissions flat or falling for two years, study finds

The numbers, alongside China’s economic growth, imply that its carbon intensity — emissions divided by GDP — is down 12% over the period 2020-2025.

Global electricity demand to surge through 2030, report finds

Despite a boom in electricity demand, emissions should remain relatively flat thanks to progress being made on renewables, according to the IEA.

Washington ramps up pressure on Russian oil exports

On Monday, US forces intercepted another tanker allegedly part of Russia’s sanctions-dodging “shadow fleet.”