Category: Electrical Generation / Utilities

German Energy Policy Meets the Real World: Evonik CEO Christian Kullmann Says the Energy Transition Has No Value Whatsoever

Clark Savage52

Evonik CEO Christian Kullmann has delivered a blunt verdict on Germany’s Energiewende. In July 2026 interviews with the Rheinische Post and others, the head of one of Germany’s largest specialty chemicals companies stated that the energy transition has cost around €1,000 billion—and delivered “nothing.” “Wir haben nicht genug Gaskraftwerke. Wir haben eine Netzinfrastruktur wie in […]

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WSJ Reports Battery Energy Storage Systems Are Moving to Scale. But What Are the Hidden Catches?

Clark Savage59

The Wall Street Journal recently highlighted how battery energy storage systems (BESS) are shifting from niche applications to meaningful scale in the United States, with residential deployments accelerating particularly fast. Companies like Base Power are installing home batteries at a rapid clip, and broader market data confirm strong growth in both utility-scale and behind-the-meter segments. […]

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China Approves Eight New Nuclear Plants, Including Four With Hualong One 2.0 Tech

Clark Savage86

China’s State Council approved the construction of eight new nuclear reactor units on July 31, 2026, during an executive meeting chaired by Premier Li Qiang. The projects, spanning four provinces, represent a total investment exceeding 170 billion yuan (approximately $25 billion) and continue the country’s aggressive expansion of nuclear capacity as a cornerstone of its […]

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Texas Governor Greg Abbott has directed a halt on new data center connections to the ERCOT grid pending a comprehensive audit of their energy use, water consumption, financing, ownership, and community impacts.

Clark Savage139

This action, announced August 3, 2026, comes roughly three weeks after New York became the first state to impose a temporary statewide moratorium on new hyperscale data centers. It applies to projects seeking to interconnect with the Electric Reliability Council of Texas (ERCOT) system and pauses related transmission planning work, including the “Batch Zero” study. […]

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Net Zero has hit the Bank of England, and they cut all support for coal. But the rest of the world increases use of coal and low-cost energy.

Clark Savage55

The Bank of England is moving further away from thermal coal. From October 2026, it will no longer accept bonds issued by companies deriving revenue from thermal coal mining as eligible collateral in its lending operations. Commercial banks borrowing from the Bank (including major UK institutions) will not be able to post those bonds. The […]

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Texas Holding Consumers Hostage for $33 B in a High-Voltage Heist

Clark Savage60

Texas ratepayers are on the hook for a $33 billion high-voltage transmission expansion that critics call a classic power grab—funneling guaranteed returns to transmission monopolies, condemning thousands of acres of private land, and primarily enabling more intermittent wind and solar that many of today’s assets won’t economically or physically outlast another decade. The Electric Reliability […]

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