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Great Britain faced potential electricity shortages during a solar eclipse Wednesday as the loss of solar generation coincided with peak summer demand, prompting grid operators to secure costly backup power supplies.
BP has appointed Ian Tyler as permanent chair, ending months of uncertainty following the controversial removal of predecessor Albert Manifold amid governance concerns.
Harvard economists project electric vehicles will account for 38% of new US vehicle sales by 2030, up from 8% in 2025, driven partly by sustained high fuel prices from geopolitical conflicts.
As electricity demand surges from data centers and electrification, solar and wind’s faster construction timelines are becoming as important as cost, while gas turbine backlogs stretch to 2031.
DNV’s 2050 maritime fuel forecast projects 185 million tonnes of oil equivalent demand for low-carbon fuels, but excludes electrification pathways that could significantly reduce that requirement.
U.S. diesel prices reached record highs above $6.50 per gallon amid global refining capacity constraints, with supply disruptions from the Middle East and Russia creating acute shortages worldwide.
