Biden administration to provide $8.25 billion in loans for grid overhaul Energize Weekly, May 5, 2021 In an effort to jumpstart the overhaul of the nation’s electric grid, the Biden administration has announced two new initiatives – including $8.25 billion in federal loans. “After the Texas transmission debacle this winter, no one can doubt the…
Global energy demand is forecast to rebound in 2021, IEA says Energize Weekly, April 28, 2021 Global energy production and demand is set to rebound from their pandemic doldrums in 2021with energy consumption up 4.6 percent, according to the International Energy Agency (IEA). The agency said in its annual Global Energy Review that government stimulus…
Cost of winterizing Texas electricity grid worth the expense, Dallas Federal Reserve says Energize Weekly, April 21, 2021 The cost of weatherizing the Texas electric power system – which faced a major collapse during a February freeze – could run into hundreds of millions of dollars, but the expense would be worth it, according to…
Global wind market sets records for new installations and orders in 2020 Energize Weekly, April 14, 2021 Wind turbine orders and installations soared to new records in 2020, despite the pandemic, according to new market reports from BloombergNEF and Wood Mackenzie. Orders for wind turbine capacity reached nearly 100 gigawatts (GW), a 59 percent year-on-year…
Energize Weekly, March 24, 2021 Solar installations in the U.S., even in the face of the pandemic economy, set a record in 2020 with 19.2 gigawatts (GW) of capacity – a 43 percent increase over 2019, according to an industry market report. “The year 2020 was a record-setting year for the industry and it won’t…
Energize Weekly, March 17, 2021 Climate change – the heat waves, flooding, droughts, and hurricanes it may bring – poses a multibillion-dollar threat to the country’s aging electric grid, according to a report from the U.S. Government Accountability Office (GAO). Without significant efforts to upgrade the grid and make it more resilient, the annual cost…
Energize Weekly, February 24, 2021 The near collapse of Texas’ electric grid was caused in the main by a failure of the natural gas system from the wellhead to pipeline to gas turbine, according to an analysis by the International Energy Agency (IEA). “Texas has a power shortage because it has a gas shortage,” the…
Energize Weekly, February 10, 2021 It will take years for U.S. energy consumption and carbon dioxide emissions to return to 2019 levels after the severe impact of the COVID-19 pandemic on the country’s economy and the global energy sector, according to the federal Energy Information Administration (EIA). Energy consumption in the agency’s “reference case” will…
Energize Weekly, January 27, 2021 The U.S. electricity generation fleet will continue its transformation in 2021 with wind and solar dominating new installations and nuclear and coal-fired plants steadily being retired, according to the federal Energy Information Administration (EIA). Power plant developers and utilities are planning for 39.7 gigawatts (GW) of new generating capacity in…
Energize Weekly, November 11, 2020 Election returns on state and local energy issues were both literally and figuratively all over the map last week on issues ranging from renewable energy to oil and gas taxes. Voters in Alaska rejected a tax on oil operations while the industry was denied a tax break in Louisiana. Columbus,…
Energize Weekly, October 28, 2020 As Election Day nears, analysts are starting to focus on what the administration of front-running Joe Biden will mean for energy and find it could accelerate the decline of coal, stabilize near-term oil markets, as well as boost renewables and new jobs. A Biden administration, despite its avowed aim of…
Energize Weekly, August 26, 2020 The Trump administration, in the last three weeks, has announced $865 million in loans and grants to upgrade rural infrastructure – electric grids, water systems and broadband internet. The two largest programs are for water and wastewater systems – $462 million – and rural electrification – $371 million. The largest…
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