Energize Weekly, January 30, 2019 The U.S. Department of Energy (DOE) announced a $38 million, cost-share program to support projects aimed at making the country’s coal-fired power plants more flexible and compatible with renewable energy. The stated goal is to develop “enhancing technologies that improve the overall performance, reliability and flexibility of the nation’s existing…
Energize Weekly, January 30, 2019 New generation is slated to grow by 49,000 megawatts (MW) in 2019 while 8,050 MW of coal-fired units will be closed or converted to natural gas, according to S&P Global Market Intelligence. Wind will account for the largest portion of new generation at 22,475 MW—45 percent of all planned additions.…
Energize Weekly, January 23, 2019 Global clean energy investments were down slightly in 2018 to $332 million, but it still marked the fifth year in a row with more than $300 billion in expenditures, according to Bloomberg New Energy Finance (BNEF). Investments were off 8 percent when compared to 2017, led by a fall in…
Energize Weekly, January 23, 2019 Brent oil prices will rise to $61 a barrel in 2019 and $65 a barrel in 2020, while natural gas prices will remain below 2018 levels for both years, according to federal Energy Information Administration (EIA) forecasts. West Texas Intermediate crude oil prices will average about $8 a barrel lower…
Energize Weekly, January 23, 2019 The U.S. Department of Energy (DOE) has launched programs to find new markets for coal and boost oil recovery from shale plays. Under the Maximizing the Coal Value Chain program, $9.5 million in federal cost-sharing funds will be available for developing ways to improve coal as a fuel, as a…
Energize Weekly, January 23, 2019 New York Gov. Mario Cuomo has begun to roll out specifics of his proposed “Green New Deal,” including $1.5 billion in grants for large-scale renewable energy projects and a $70 million fund to help communities absorb tax losses from shuttered coal-fired power plants. The programs were outlined in Cuomo’s State…
Energize Weekly, January 23, 2019 Utility companies need to redefine how they interact with their customers to deal with emerging issues, such as time-of-use rates, electric vehicles (EVs) and rooftop solar, according to an analysis by marketing research company J.D Power. “There is a need for traditional utilities to engage with their customers as things…
Energize Weekly, January 16, 2019 The wind industry’s practice of end-loading projects to the fourth quarter of each year could lead to serious bottlenecks and jeopardize some of the 23 gigawatts in the pipeline over the next two years, according to a Wood Mackenzie study. Nearly a quarter of the 23 gigawatts (GW) projected to…
Energize Weekly, January 16, 2019 New natural gas-fired generation capacity in 2018 accounted for nearly three-quarters of the total 24,808 megawatts (MW) installed for the year—and was double the amount of gas-fired capacity installed in 2017, according to S&P Global Market Intelligence data. The 18,550 MW of natural gas-fired capacity more than offset the 16,900…
Energize Weekly, January 16, 2019 Electric vehicle (EV) sales soared in 2018, surpassing record-breaking 2017 by 81 percent with 361,307 vehicles sold, according to Inside EVs, a market-tracking website. December also set a monthly record with 49,900 plug-in vehicles sold, nearly double the number sold in December 2017. Each of the last three months of…
Energize Weekly, January 16, 2019 U.S. carbon dioxide emissions linked to energy use rose for the first time in three years in 2018—with all sectors from power generation to manufacturing to home heating—posting increases. There was a 3.4 percent increase in emissions, according to a study by the Rhodium Group, an energy and economic analytics…
Energize Weekly, January 16, 2019 Natural disasters worldwide caused $160 billion in damage and killed 10,400 people in 2018, making it the fourth mostly costly year for the insurance industry since 1980, according to the international insurer Swiss Re Group. “The indications at the start of 2018 were that it would be a more moderate…
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