New York Times (February 24)
“The energy transition poised for takeoff in the United States amid record investment in wind, solar and other low-carbon technologies is facing a serious obstacle: The volume of projects has overwhelmed the nation’s antiquated systems to connect new sources of electricity to homes and businesses.” The interconnection system now faces a multiyear logjam of over 8,100 projects (mainly clean energy) “waiting for permission to connect to electric grids,” up from 5,600 a year earlier.
Tags: Antiquated, Electricity, Energy transition, Grids, Interconnection, Investment, Low-carbon technologies, Obstacle, Record, Solar, U.S., Wind
Oil Price (March 10)
“While no one can say for certain what the trajectory of the Russian-Ukrainian conflict will be, the economic warfare that is going on alongside it is very likely to destroy the current global trading system.” A fix could take a while. It took roughly 75 years to regain “stability” and “interconnection,” after the “worldwide trading system” was last destroyed with the outbreak of World War 1.
Tags: Conflict, Destroy, Economic warfare, Global trading system, Interconnection, Russian-Ukrainian, Stability, Trajectory, WWI
