How Spain’s Success in Renewable Energy May Have Left Its Power Grid Vulnerable

How Spain’s Success in Renewable Energy May Have Left Its Power Grid Vulnerable

Spain’s power company, Red Eléctrica, proudly declared on April 16 that enough renewable energy had been generated to cover demand. “The ecological transition is moving forward,” it said. Less than two weeks later, Spain and Portugal experienced an 18-hour blackout that disrupted daily life, shutting down businesses and schools and crippling trains and mobile networks….

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Natural Gas Could Get Priority Over Renewable Energy in Largest U.S. Grid

Natural Gas Could Get Priority Over Renewable Energy in Largest U.S. Grid

Federal electricity regulators on Tuesday approved a proposal from the nation’s largest electric grid operator that could effectively give new natural gas power plants priority in connecting to the grid over renewable energy sources like solar and wind. The decision, by the Federal Energy Regulatory Commission, comes as the United States faces the prospect of…

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BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges

BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges

Murray Auchincloss, the chief executive of the struggling energy giant BP, promised “a fundamental reset” of the company’s strategy on Tuesday while reporting disappointing earnings. The shift comes after a long period of lackluster share performance compared with its industry peers. BP’s share price has perked up in recent months, but its perceived weakness and…

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