It is not often – read “never” – that a CEO’s decision NOT to attend a conference is a global headline but so it was this weekend when Amin Nasser, the veteran CEO of Saudi Aramco, withdrew from CERAWeek in order to attend to matters closer to home. Mr. Nasser’s withdrawal underlines that the focus for all of us still heading to Houston will be on the Straits of Hormuz and its short, medium and long term consequences on gasoline prices. And all the while, the focus on high gasoline prices at CERA this week is likely to obscure the other energy price shock lurking in the shadows which is the inexorable rise of electricity prices across the United States. Unlike gasoline prices, once retail electricity prices rise, they almost never go down.
Tag: Battery storage
Industrial Decarbonization: How Thermal Storage Can Electrify Heat at Scale
Investment in thermal energy storage has accelerated in recent years as technical progress and customer demand have improved project bankability. Since 2020, sector funding has grown and shifted toward later-stage investors, reflecting greater confidence in TES’s readiness for commercial deployment.
Consolidation: The Pathway to Enduring Impact
It is easy to be disoriented by the swing from exuberance to pessimism that has defined the clean energy sector in recent years. Yet these moments are precisely when opportunity is greatest. Beneath the headlines are clear indicators of tremendous potential in the U.S. energy transition. The challenge is to separate fundamentals from sentiment, to acknowledge and fix the mistakes that we have made, and to chart a path to scale rooted in discipline, operational excellence, and commercial reality.