Long-duration energy storage | The hurdles ahead
Energy storage is gaining traction as an essential component for maintaining load-generation balance in the modern electricity market. Viewed as a promising solution to a widespread challenge, long-duration energy storage (LDES) may be the key to counteracting the pitfalls of variable renewable power generation, especially as we look toward the industry’s aspiration of a zero-emission […]
Direct lithium extraction could be key to unlocking domestic supply
With the IEA’s projection of a 1,300%-5,100% increase in lithium demand by 2040 because of the growing battery market for electric vehicles and power storage, lithium spot prices have surged nearly eightfold since 2020 to $35,000 per tonne of lithium carbonate equivalent (LCE). High lithium demand and high prices have caused a land grab in […]
Will midstream limit CCUS development?
XOM’s recent acquisition of DEN for nearly $5 billion firmly places the buyer and its low carbon solutions business as a leader in carbon capture, utilization and storage (CCUS). Its dominant position is even more apparent in southern Louisiana where DEN was very active in securing midstream partnerships and storage sites around its Green and […]
Is it finally hydrogen’s time to shine?
Countries around the world are increasingly embracing clean hydrogen as a central pillar of their energy transition strategies, with announced global production expected to increase 42-fold by 2030. Green hydrogen has especially gained widespread attention because of its decarbonization potential, role in energy storage and versatility as an energy carrier. Government incentives like the Inflation […]
Keeping a watchful eye on energy transition opportunities
The attractiveness of internal rates of return (IRR) across various energy transition technologies is noteworthy, sometimes surpassing established oil and gas business models. The arrival of these new opportunities often requires strategic partnerships but continues to prove to be economic (sometimes wildly) on a broad scale. Traditionally, oil and gas wells have demonstrated wider distributions […]
Critical mineral circularity | Fantasy or feasibility
Few question the importance of critical mineral availability in maintaining energy transition progress. An important aspect of the use of base metals is “full recyclability,” the concept where these metals don’t break down during their use and can be reused indefinitely. Nickel, copper and lithium are examples of base metals with full recyclability which makes […]
EV corridors | Are we there yet?
The Biden administration’s ambitious plan to supercharge EV and alternative fuel corridors with the installation of 500,000 electric chargers has already revved up the expansion of direct current fast chargers (DCFC) to address range anxiety among EV owners. Since the introduction of the EV infrastructure plan in April 2021, more than 16,000 public DCFCs have […]
Mapping Class V and VI permits | All eyes on storage locations
CCUS has gathered impressive momentum over the past two years as companies seek to exploit the technology’s economic and environmental benefits. In the U.S., the number of Class VI well permit applications for permanent geological CO2 storage surged by 40, or 800%, between May 2021 and May 2023, owing largely to enhancements to the 45Q […]
Energy Transition: The Role of Hydrogen Q&A
Last month, Ian Nieboer from our Enverus Intelligence team teamed up with Tim Hard, Senior Vice President of Energy Transition from Argus, to provide expert insights on the market dynamics of hydrogen, including: Missed the live discussion? Watch the on-demand webinar to hear all the insights and to learn how Enverus Trading & Risk solutions […]
From promise to plateau | Canada’s challenge to cut GHG emissions
Governments and companies across Canada continue to heavily invest in technological innovation and emissions reduction programs to meet interim and longer-dated targets. The federal government’s ambitious 2030 Emissions Reduction Plan aims to cut oil and gas emissions by 42% below 2019 levels in the next seven years, and methane emissions by 75% below 2012 levels, […]