Energize Weekly, April 3, 2019 U.S. natural gas consumption—led by demand from the utility sector—rose 10 percent in 2018 to a record 82.1 billion cubic feet per day (Bcf/d), according to data form the federal Energy Information Administration (EIA). While domestic natural gas use rose across all sectors, the sharpest year-on-year increase, 3.8 Bcf/d, was…
Energize Weekly, April 3, 2019 The cost of two of the most expensive clean electricity technologies—lithium-ion batteries and offshore wind turbines—are dropping in price more quickly than had been forecast, according to a Bloomberg New Energy Finance (BNEF) analysis. Since the first half of 2018, the levelized cost of lithium-ion batteries is down 35 percent…
Energize Weekly, April 3, 2019 Exports of U.S. coal reached their highest level in five years, 116 million short tons, in 2018, even as domestic consumption continued to decline. The figures are based on foreign trade data from the U.S. Census Bureau. The U.S. exported 15 percent of its coal production in 2018, particularly metallurgical…
Energize Weekly, April 3, 2019 Nearly three-quarters of the nation’s coal-fired electric generation could be matched or undercut on cost by local wind and solar installations, according to analysis by Energy Innovation and Vibrant Clean Energy. The report projects that the portion of the coal-fired fleet economically challenged by renewable generation will grow from 211…
Energize Weekly, March 27, 2019 Global wind power generation grew by 50.2 gigawatts (GW) in 2018, a 4 percent increase over 2017, according to energy consultant Wood Mackenzie’s Global Wind Power Market Outlook Update: Q1 2019 report. It was the third biggest year for wind installations, and the pace was set by China, with a…
Energize Weekly, March 27, 2019 Renewable and nuclear generation—which combined account for about 37 percent of the nation’s electricity—both set records in the U.S. in 2018, according the federal Energy Information Administration (EIA). Renewables generated a record 742 million megawatt-hours (MWh) in 2018, almost double the production in 2008 and accounted for 17.6 percent of…
Energize Weekly, March 20, 2019 U.S. natural gas production set records in 2018 for the largest year-on-year increase, 11 percent, and overall production, average 101.3 billion cubic feet per day (Bcf/d), according to the federal Energy Information Administration. Domestic gas production measured as market production and dry-gas production also set records at 89.69 Bcf/d and…
Energize Weekly, March 20, 2019 General Motors, which has had a sustained program to increase the energy efficiency of its plants, received a $2.8 million payment from Consumers Energy in early March for energy-saving upgrades at its Flint, Mich., plant. “General Motors has made a commitment to sustainability, and we are pleased to work with…
Energize Weekly, March 20, 2019 Faced with a growing number of coal plant closures, some states are looking at the use of securitized bonds to soften the financial impact. New Mexico and Colorado already have legislation to create such bonds. “Securitized bonds are a way to avoid a rate shock and benefit from lower rates…
Energize Weekly, March 13, 2019 Florida Power & Light Company (FPL) announced last week that it plans to build four additional solar power installations, with a total of 298 megawatts (MW) of capacity. The plants are slated to go on line in 2020. The utility has committed to one of the largest expansions of solar…
Energize Weekly, March 13, 2019 A bill aimed at dramatically overhauling regulation of oil and gas operations in Colorado is swiftly moving through the state legislature. The legislation is in response to growing concerns as large fracking operations get closer to suburban development and in the wake of a string of court rulings that knocked…
Energize Weekly, March 13, 2019 U.S. electricity generation—driven by both a hot summer and a cold winter—rose 4 percent in 2018 to a record high of 4,178 million megawatt-hours (MWh). Generation for the first time surpassed the 2007, pre-recession peak of 4,157 million MWh, according to the U.S. Energy Information Administration (EIA). Retail electricity sales…