Energize Weekly, October 16, 2019 New England will have to increase the pace of renewable energy generation installations by four to eight times to meet 2050 goals to cut carbon emissions, according to a study by the Brattle Group, an economic and regulatory consultant. The region has a goal, as do several states, of reducing…
Energize Weekly, October 9, 2019 Utah Municipal Power Agency (UMPA) has entered into an agreement with Salt Lake City-based sPower for the development of an $80 million solar facility in rural Juab County. The 80-megawatt (MW) Clover Creek Solar project will be located on a 560-acre site on the west side of Mona Reservoir about…
Energize Weekly, October 9, 2019 The total share of electricity provided worldwide by renewable generation is projected to grow to nearly 50 percent in 2050, compared to a 28 percent share in 2018, according to the federal Energy Information Administration (EIA). The bulk of that energy will be provided by hydropower, wind and solar with…
Energize Weekly, October 9, 2019 Despite a string of bankruptcies and red ink, the future for U.S. shale drillers is not bleak, according to Oslo-based energy analyst Rystad Energy. “In a nutshell, we do not believe the recent bankruptcies that have beset a number of shale players are indicative of an industry-wide epidemic,” Alisa Lukash,…
Energize Weekly, October 9, 2019 U.S. oil and gas sector mergers and acquisitions (M&A) ticked up in the third quarter of 2019 to more than $17 billion, putting M&A activity for the year-to-date at $85 billion, according to Enverus, an industry analytics company. After a weak start to the year, deal activity was close to…
Energize Weekly, October 9, 2019 PacifiCorp unveiled a new resource plan that takes a sharp turn away from coal-fired plants toward renewable generation – closing 20 of its 24 coal units by 2038 and adding 8,300 megawatts (MW) of wind and solar. Portland, Ore.-based PacifiCorp, which serves 1.6 million people in the Pacific Northwest and…
Energize Weekly, October 2, 2019 Dominion Energy is proposing to build the largest offshore wind farm in the U.S. – a $7.8 billion, 2,600-megawatt (MW) project – off the Virginia coast. The utility has already filed an application with PJM Interconnection, the regional grid that covers all or parts of 13 mid-Atlantic and Midwestern states,…
Energize Weekly, October 2, 2019 Facing the prospect of electricity shortages as soon as 2021, the California Public Utilities Commission (CPUC) staff has proposed extending the life of four natural gas-fired power plants that use ocean water for cooling. On Oct. 24, the CPUC is set to rule on the recommendation to keep the four,…
Energize Weekly, October 2, 2019 Nuclear power generation was up 2.4 percent worldwide in 2018 to 2,563 terawatt-hours (TWh) from 449 operable reactors, according to the World Nuclear Association, an industry trade group. There were 55 reactors under construction in 2018, with five new construction starts and nine new reactors connected to the grid, adding…
Energize Weekly, October 2, 2019 The operating life span for U.S. wind farms has increased by more than a third to 30 years in the last two decades, according to a survey and analysis by the Lawrence Berkeley National Laboratory. The increasing lifetime of the wind projects is improving the economics of wind energy and…
Energize Weekly, October 2, 2019 World energy consumption is projected to grow by 50 percent by 2050, with most of that demand coming from growing Asian economies, according to the federal Energy Information Administration’s (EIA) International Energy Outlook. “Energy consumption was greater in Asia than in any other region in 2018, and we project that…
Energize Weekly, September 25, 2019 The U.S. market for “smart home” devices will more than triple by 2025, reaching $75 billion, according to data analytics company GlobalData. The growth will be driven by the increased use of smart thermostats, which consumers see as an energy-saving device and utilities as one that can help manage load.…
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