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Flywheel energy storage technology is expanding in the US as renewable energy grows, with startup Qnetic building a testing facility in China and planning US manufacturing of its Pulsar system.
The Bank of England will no longer accept bonds linked to thermal coal as collateral for commercial bank loans, effective in October, marking a significant climate policy shift.
European natural gas prices surged to four-month highs as escalating Middle East tensions threaten winter supply, with reduced Qatari liquefied natural gas exports straining the continent’s storage capacity.
Saudi Arabia’s East-West Pipeline, traditionally a strategic hedge against Hormuz disruptions, faces critical vulnerabilities as a Houthi blockade at Bab El Mandab constrains Red Sea exports and strains alternative routes through the Suez Canal and SUMED pipeline.
The European Commission has advised EU governments to waive penalties for oil and gas companies breaching methane emissions rules for three years, citing energy security concerns amid Middle East tensions.
Carbon capture and storage technology, once heralded as essential for industrial decarbonization, is facing mounting skepticism as projects underperform and costs soar beyond initial forecasts.
