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02.07.26 - 17:48
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America Bets $50 Billion On Coal And Gas Power, More Than China, As Electricity Demand Soars (ZeroHedge)
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America Bets $50 Billion On Coal And Gas Power, More Than China, As Electricity Demand Soars
By Irina Slav of OilPrice.com
US companies are set to spend some $50 billion on power generation from coal and natural gas this year, the International Energy Agency has said, as quoted by the Financial Times.
This would be the first time in decades that US spending on coal and gas generation would be higher than what China is investing in the two fuels, with the difference at $3 billion.
The surge in spending will come mostly from much stronger demand for gas turbines amid a data center boom in the United States, the FT noted in its report. According to the IEA, US companies placed orders for some 20 GW in gas turbine generation capacity in just the first quarter of this year. Prices for gas turbines, meanwhile, have moved sharply higher on tight supply, contributing to the higher U.S. spending.
The report cited a Rystad Energy analyst as saying prices for gas turbines have gone up from $800 per kWh t...
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22.06.26 - 13:54
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Core sector growth slows to 0.5% in May as coal, refinery output contract (Times of India)
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India's core infrastructure sector saw a significant slowdown in May, growing by just 0.5% year-on-year. This dip was primarily driven by sharp contractions in coal, crude oil, natural gas, and refinery products. However, the situation was partially offset by robust growth in steel, cement, and electricity generation, offering a mixed picture for the economy's foundational industries....
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