Energize Weekly, July 11, 2018 Venezuelan oil production is increasing, being held up by its joint ventures with foreign oil companies from Russia, China and the U.S. Even with that, production and exports have plummeted, according to an assessment by the U.S. Energy Information Administration (EIA). Output has been falling since a peak in the…
Energize Weekly, July 11, 2018 The Oyster Creek nuclear power plant, the oldest operating nuclear facility in the nation, will shut down in September and be decommissioned at a cost of $1.4 billion. Oyster Creek began operations on Dec. 1, 1969, and is to close after more than 48 years on Sept. 17, 2018. While…
Energize Weekly, July 11, 2018 The U.S. nuclear industry faces a bleak future with existing plants uncompetitive in wholesale electricity markets and no technological relief likely for another 50 years, according to analysis by university researchers. “For entirely predictable and resolvable reasons, the United States appears set to virtually lose nuclear power, and thus a…
Energize Weekly, June 27, 2018 Moody’s Investors Service has downgraded the U.S. regulated utility sector to negative from stable due to lower cash flows and the highest debt leverage since 2008 as a result of changes to the federal tax laws. While steps are being taken by some regulators and companies to deal with the…
Energize Weekly, June 27, 2018 U.S utilities reported spending $3.6 billion on energy efficiency incentives for customers in 2016 and saved 27.5 billion kilowatt-hours, enough electricity to power 2.5 million homes for a year, according to the federal Energy Information Administration (EIA). Nearly half of those funds were directed at commercial customers, while residential energy…
Energize Weekly, June 27, 2018 The leak rate of methane emissions from oil and gas operations is about 60 percent higher than federal estimates, according to a study published June 22 in Science magazine. The findings are based on measurements taken at more than 400 well pads in six basins and midstream facilities, as well…
Energize Weekly, June 27, 2018 Quarter-over-quarter the U.S. energy storage market dropped 30 percent to 43.6 megawatts (MW) in the first quarter of 2018 and was down 39 percent compared the same quarter in 2017, according to an industry market report. This was in part due to a large number of utility-scale projects that came…
Energize Weekly, June 27, 2018 The pace for global investment in renewable energy will continue to grow—totaling an estimated $8.4 trillion in the next three decades—so that by 2050, half of all electricity generation will come from renewables, according to Bloomberg New Energy Finance (BNEF). BNEF’s New Energy Outlook projects that other generation technologies that…
Energize Weekly, June 20, 2018 The solar industry posted a 13 percent year-over-year increase in the first quarter of 2018 as 2.5 gigawatts (GW) were installed, according to the U.S. Solar Market Insight report. Installations for the year, however, are projected to be flat compared to 2017 with a total of 10.8 gigawatts of installations,…
Energize Weekly, June 20, 2018 The International Energy Agency (IEA) has trimmed its forecast for the increase in world oil demand for 2018 to 1.4 million barrels a day as supply, economic and price uncertainties could still roil the global market. “Rapidly rising prices in recent months have raised doubts about the strength of demand…
Energize Weekly, June 20, 2018 A Canadian real estate investment company is teaming up with a Texas solar developer for $100 million in solar projects in Austin and San Antonio. Toronto-based Fengate Real Asset Investments will provide the financing for projects developed by PowerFin Partners, which has offices in Austin and San Antonio. The multi-year…
Energize Weekly, June 20, 2018 Energy consumption grew worldwide 2.2 percent in 2017, about an 80 percent increase year-over-year, and the fastest growth in four years as emission of the greenhouse gas, carbon dioxide also rose for the first time since 2014. Consumption of natural gas and oil rose, and for the first time in…
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