Since late 2022, the estimated output by 2030 from existing and announced manufacturing projects is up by 60% for solar PV and 25% for batteries, driven by supportive policies, corporate strategies and growing demand.
Announcements of new manufacturing projects for several essential technologies for the clean energy transition – including solar PV, batteries and electrolyzers – have accelerated in recent months, highlighting the growing global momentum behind the new energy economy, according to IEA analysis published today.
Since late 2022, the estimated output by 2030 from existing and announced manufacturing capacity for solar PV has increased by 60%, for batteries by 25%, and for electrolyzers by 20%, propelled by policy support and growing interest from investors, says the new special briefing from the IEA’s Energy Technology Perspectives series.
The report, The State of Clean Technology Manufacturing, examines announced manufacturing projects for solar PV, wind power, batteries, heat pumps and electrolyzers to gauge how these plans could shape the clean energy landscape by the end of the decade. The new analysis is intended to inform deliberations at the G7 Leaders Summit in Hiroshima, Japan, this weekend.
If all the projects announced to date were built, the anticipated output of manufacturing capacity for the five clean technologies would reach USD 790 billion a year by 2030. In that situation, global manufacturing capacity for solar PV would comfortably exceed the level needed in the IEA’s Net Zero Emissions by 2050 Scenario for that technology. Battery manufacturing capacity would also meet the level the scenario envisaged for 2030.
However, announcements for wind, heat pumps and electrolysers remain some way off the levels implied by the Net Zero Scenario.
Click here for the entire report and article.
Chevron Gets Busy in several Basins, More to Come?
Chevron's surprise corporate acquisition last week expanding its position outside the Permian basin could encourage other deals that have been slower to see the light of day.
The $6.3bn purchase of independent producer PDC Energy elevates Chevron's Colorado Denver-Julesburg (DJ) basin business into one of the oil major's top-five assets for production and free cash flow, building on its existing position acquired during the $5bn takeover of Noble Energy in 2020. Chief executive Mike Wirth noted an improved climate for deals, with oil prices off their highs from six months ago, which might pave the way for others to follow.
Click here for the entire article
It’s Wednesday, and that means another The Crude Life TakeOVER on SuperTalk 1270’s Talk of the Town with Steve Bakken.
The Crude Life’s founder Jason Spiess joins the former Mayor of Bismarck and host of Talk of the Town Steve Bakken from 9-11AM CT for 2-hours of energized talk radio.
Wattage Wednesday’s special guests and topics include:
9AM - BEK News correspondent Lori Hinz gives an update on her Carbon Pipeline Series on BEK TV featuring the Midwest Carbon Express Pipeline’s parent company Summit Carbon Solutions’ and who their owners are
9:30AM - Mental Health in Energy, examples and where/who to find help
10AM - Erika Bolstad, author of the book Windfall joins the program
10:30AM - Mineral Rights, Generational Wealth and How To Find Assistance
To listen live, click here. Or wait for the interviews to enter the many places of Podcast Land.
Special Guest Profile: Author Erika Bolstad
Erika Bolstad is a journalist and filmmaker in Portland, Ore., and the author of Windfall. In her career as a journalist, she has traveled from Alaska to Miami to tell stories about the effects of climate change.
For her book, Windfall, she ventures to more personal terrain: the oil fields of North Dakota and the story behind a mysterious family bequest. Shortly before her mother died, she revealed that Erika would inherit potentially valuable mineral rights near the Bakken oil fields, inspiring Erika to set out for North Dakota to investigate the bequest from a great grandmother who’d vanished from the historical record.
Along the way, Erika confronts the myths of the West and how they shaped not only the women of her family, but the wider American story.
Erika spent a decade in Washington, D.C., covering politics and environmental issues for Climatewire and the McClatchy Washington Bureau. In 2008, she was a Pulitzer finalist for work at the Idaho Statesman. She was also a staff writer for the Miami Herald, where she covered Hurricane Katrina and other national stories. As a journalist, she has traveled from Alaska to Miami to tell stories about the effects of climate change. Her work has appeared in The Washington Post, Scientific American and many other publications.
Beneath the windswept North Dakota plains, riches await...
At first, Erika Bolstad knew only one thing about her great-grandmother, Anna: she was a homesteader on the North Dakota prairies in the early 1900s before her husband committed her to an asylum under mysterious circumstances. As Erika's mother was dying, she revealed more. Their family still owned the mineral rights to Anna's land―and oil companies were interested in the black gold beneath the prairies. Their family, Erika learned, could get rich thanks to the legacy of a woman nearly lost to history.
Anna left no letters or journals, and very few photographs of her had survived. But Erika was drawn to the young woman who never walked free of the asylum that imprisoned her. As a journalist well versed in the effects of fossil fuels on climate change, Erika felt the dissonance of what she knew and the barely-acknowledged whisper that had followed her family across the Great Plains for generations: we could be rich. Desperate to learn more about her great-grandmother and the oil industry that changed the face of the American West forever, Erika set out for North Dakota to unearth what she could of the past. What she discovers is a land of boom-and-bust cycles and families trying their best to eke out a living in an unforgiving landscape, bringing to life the ever-present American question: What does it mean to be rich?
Click here to purchase or view Windfall available on Amazon
The Crude Life to Present “The Adams & Evils of ESG” at Energy Expo In Jackson Hole
Has ESG become a religion? Many believe it has and is trying to be. The Crude Life has interviewed dozens of experts who have plenty to say.
The Crude Life will be presenting comments and examples showcasing how the trilogy of Environmental Social Governance is on a slippery slope of becoming a trinity for the youth.
The Energy Exposition has educated tens of thousands of people in Gillette, Wyoming; Billings, Montana, and Loveland, Colorado, over the last 20 years on procedures, technology, safety, environmental practices, and equipment used in the oil and gas industry.
The serious work of producing and supplying energy to the United States and the rest of the world begins Tuesday morning, September 19th, with attendees and presenters gathering at the Snow King Events Center. Dr. Glen Murrell, the first Executive Director of the Wyoming Energy Authority, will open and welcome everyone to the event.
Exhibitors and Symposiasts represent a wide range of services, including but not limited to, exploration, production, downstream, and all phases of support to the oil and gas industry.
Wyoming produces 13 times more energy than it consumes, and it is the second-biggest net energy supplier among the states, after Texas.
Wyoming has been the top coal-producing state since 1986, accounting for about two-fifths of all coal mined in the United States in 2020. The state holds nearly two-fifths of U.S. coal reserves at producing mines.
Wyoming was the eighth-largest crude oil-producing state in the nation in 2021, accounting for slightly more than 2% of U.S. total crude oil output. The state was the ninth-largest natural gas producer, and accounted for about 3% of U.S. marketed gas production.
Wyoming’s large energy-producing sector and small population help make the state have the highest per capita energy consumption and the second-most energy-intensive state economy, after Louisiana.
Wind power in Wyoming has more than doubled since 2019 and accounted for 19% of the state’s electricity net generation in 2021. The amount of installed wind power-generating capacity in the state nearly doubled to just over 3,000 megawatts during 2020 and 2021.
As the marketing slogan goes, Wyoming is setting the stage on how to use all sources of energy.
To reserve Exhibit Space contact
Austin Jennings
239-898-3923
austin@energyexposition.com
***Mention PROMO CODE: OTIS to receive a discount and special gift!
The Crude Life Daily Radio News & Lifestyle Update
Dr. Loren C. Scott, energy and economic expert, talks about how Social Justice has impacted Louisiana and East Texas’ refineries and energy projects.
Click here for the exclusive, full length interview.
Loren C. Scott & Associates, Inc., is a 35-year old firm that provides economic consulting and public speaking services for a wide range of clients. Consulting activities include impact studies, forecasting services, analysis of policy proposals, and general economic analyses. Consulting clients include BP, ExxonMobil, Entergy Corporation, J. P. Morgan Chase, Capital One Financial, Nucor, Sasol, and a diversity of others. Our objective is to put together the very best team of associates to attack our client’s problems. Dr. Scott makes 50-70 presentations a year on the state of—and the outlook for—the economy and the energy sector in particular.
He is one of the 32-member National Business Economic Issues Council, which meets quarterly to discuss issues of state, national, and international interest. This group has experts who cover international trade, Washington economic policy, retail trade, trucking, steel, chemicals, etc. Dr. Scott is an energy specialist on the NBEIC. He has been appointed to the Economic Advisory Board of the U.S. Council on Competitiveness—a group made up of the CEOs of the Fortune 100, top university presidents, and presidents of three major unions.
He has been interviewed on MSNBC, CNBC, Bloomberg TV, and several local TV stations and his work has been cited in such publications as the Wall Street Journal, the Financial Times, USA Today, the Los Angeles Times and the Moscow Times, to name a few.
Dr. Loren C. Scott is President and founder of the firm. He was on the Economics Department faculty at Louisiana State University from 1969 to 1998, where he rose through the ranks from Assistant Professor to the holder of the Freeport-McMoran endowed Chair of Economics. He is presently Professor Emeritus of Economics at LSU.
Over the thirteen-year period from 1983-96, Dr. Scott was the chairman of the Economics Department at LSU. During that time, the Department’s ranking among the 3,000 economics departments in the U.S. rose from 101st to 38th. He received 7 awards at LSU for outstanding classroom teaching.
Dr. Scott is co-developer of the Louisiana econometric model, a model used for providing annual forecasts of the Louisiana economy, which are released each fall. He was a co-investigator on over $1 million in grant research at LSU and is the author of over 75 articles and technical reports in addition to reports written for consulting clients.
The Crude Life Daily Update has been running as a 3-minute news and lifestyle short on radio stations since 2011. In 2015 online podcast portals and news outlets were added to the list of distributors.
If you have a news release, energy innovation, story idea or community lifestyle feature, email studio(at)thecrudelife(dot)com
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About The Crude Life
Award winning interviewer and broadcast journalist Jason Spiess and Content Correspondents engage with the industry’s best thinkers, writers, politicians, business leaders, scientists, entertainers, community leaders, cafe owners and other newsmakers in one-on-one interviews and round table discussions.
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Manufacturing Energy, Mineral Rights and Refining Social Justice