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1 week ago | 
bloomberg.com | Josh Saul
Welcome to our guide to the commodities markets powering the global economy. Today, reporter Josh Saul looks at surging utility bills for US consumers. If Americans thought eggs were expensive, wait until they open their electricity bills.
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1 week ago | 
flipboard.com | Josh Saul
NowCNN — Predictions from mainstream economists were dire after President Donald Trump launched his tariff campaign just a couple weeks after he began his second term in office: Prices would rise — sharply — they said, reigniting an inflation crisis that tens of millions of Americans had elected him to …
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2 weeks ago | 
rigzone.com | Josh Saul
The developer of a New Jersey offshore wind farm designed to power more than 700,000 homes has pulled the plug on the project, the latest setback for a sector whose prospects have worsened under the Trump administration.
“This filing marks the closing of a chapter,” Atlantic Shores Offshore Wind Chief Executive Officer Joris Veldhoven said in a statement Monday. Last week the company filed a motion with regulators to terminate the renewable energy certificates the project had been awarded.
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2 weeks ago | 
bloomberglinea.com | Jack Ryan |Josh Saul |Alex Longley |Seong Joon Cho
Bloomberg — Los analistas del petróleo, que venían previendo un exceso de reservas, disponen ahora de cifras que lo respaldan, a la vez que se incrementan los inventarios en todo el mundo. El mundo está destinando miles de millones en infraestructuras energéticas para hacer frente al crecimiento de la demanda, y para ello se necesitarán numerosos ingenieros.
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2 weeks ago | 
bloomberg.com | Josh Saul
(Bloomberg) -- The developer of a New Jersey offshore wind farm designed to power more than 700,000 homes has pulled the plug on the project, the latest setback for a sector whose prospects have worsened under the Trump administration. “This filing marks the closing of a chapter,” Atlantic Shores Offshore Wind Chief Executive Officer Joris Veldhoven said in a statement Monday.
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2 weeks ago | 
bloomberg.com | Jack Ryan |Josh Saul |Alex Longley
(Bloomberg) -- Oil watchers who have been anticipating a glut now have the numbers to back it up as global inventories climb. The world is spending billions for power infrastructure to meet soaring demand — and that’s going to need a lot of engineers. China hosts the world’s biggest solar convention this week where the mood might be gloomy. And silver is shining brighter. Here are five notable charts to consider in global commodity markets as the week gets underway.
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3 weeks ago | 
news.bloomberglaw.com | Naureen Malik |Josh Saul
If Stargate’s first AI data center is completed next year as planned, the 900-acre site will need enough round-the-clock electricity to support 300,000 homes. But securing that power isn’t as simple as plugging into the grid. Unlike arch rival Meta Platforms Inc., which Tuesday announced a 20-year deal to buy electricity from an Illinois nuclear plant, Stargate is relying on a technology that’s largely been relegated to the sidelines of power production: small, single cycle natural gas turbines.
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3 weeks ago | 
insurancejournal.com | Naureen Malik |Josh Saul
If Stargate’s first AI data center is completed next year as planned, the 900-acre site will need enough round-the-clock electricity to support 300,000 homes. But securing that power isn’t as simple as plugging into the grid. Unlike arch rival Meta Platforms Inc., which Tuesday announced a 20-year deal to buy electricity from an Illinois nuclear plant, Stargate is relying on a technology that’s largely been relegated to the sidelines of power production: small, single cycle natural gas turbines.
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3 weeks ago | 
bloomberg.com | Akshat Rathi |Olivia Rudgard |Josh Saul
The world’s need for power is outstripping the workforce that can build it. Aging populations and anti-immigration rhetoric aren’t helping. Swedish battery startup Northvolt AB’s bankruptcy filing was preceded by a number of debilitating events: failing to fulfill its contracts with customers; pleas to investors for more cash; ghosting its creditors. But its downfall began with a problem many companies are facing today.
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3 weeks ago | 
news.bloomberglaw.com | Josh Saul
Commodity brokerage Snapper Creek Energy has built a power team focused on rising volatility in electricity markets as artificial intelligence and extreme weather upend grids. Snapper Creek hired seven people to cover PJM Interconnection Inc., the electric system that stretches from New Jersey to Chicago, and the Electric Reliability Council of Texas. The hires include Dennis Bosworth of Greenlight Commodities, who will cover Ercot, and John Olsen of Marex, who will cover PJM.
