Energize Weekly, November 13, 2019 U.S. production of uranium concentrate plummeted 27 percent in the third quarter of 2019 to 32,211 pounds after the Trump administration balked at setting quotas for uranium imports. Production was down 94 percent when compared with the third quarter of 2018, according to the federal Energy Information Administration’s (EIA) Domestic…
Energize Weekly, November 13, 2019 Invenergy’s proposed, large-scale, natural gas-fired power plant in Rhode Island was undone by delays that enabled renewable power and market efficiencies to overtake the project, according to state regulators. In August, the Rhode Island Energy Siting Board voted to deny Invenergy a permit for the proposed 850-megawatt (MW) to 1,000-MW…
Energize Weekly, November 13, 2019 Tri-State Generation and Transmission Association continues to face pressure from some of its members as two of its largest electric cooperatives last week filed complaints with the Colorado Public Utilities Commission (CPUC) seeking reasonable exit fees from the association. Brighton, Colo.-based United Power, the largest of Tri-State members, and Durango-based…
Energize Weekly, November 6, 2019 The battery demand for lithium chemicals – now in the doldrums – could reach 700,000 metric tons by 2025 and along with 300,000 metric tons for non-battery uses, making for a tight market, according to a Bloomberg New Energy Finance (BNEF) analysis. Lithium prices have been cut in half since…
Energize Weekly, November 6, 2019 U.S. natural gas exports – bolstered by new terminals and pipelines – averaged 4.1 billion cubic feet a day for the first half of 2019, more than double the rate for 2018, according to the federal Energy Information Administration (EIA). In 2017, the U.S. became a net exporter of natural…
Energize Weekly, November 6, 2019 Primary energy intensity, a key indicator of how much energy is being used by the global economy, was down 1.2 percent in 2018 – the slowest improvement since 2010, according to the International Energy Agency (IEA). It marked the third year in a row of declining rates, with 2017 posting…
Energize Weekly, November 6, 2019 A string of coal mining company bankruptcies in the Powder River Basin (PRB), straddling Wyoming and Montana, has changed the basin’s competitive landscape, but not its “poor overall long-term trajectory,” according to an analysis by Moody’s Investor Services. “All of the rated coal companies that produce PRB coal are now…
Energize Weekly, November 6, 2019 The stock and bond markets continued to cool for oil and gas drillers in the third quarter of 2019 with $495 million raised in equity, a 79 percent decline year-over-year, according to a report from Enverus, an industry analytics firm. Bond offerings for “upstream” drillers rose for the quarter to…
Energize Weekly, October 30, 2019 The world’s total renewable generation is set to grow by 50 percent or 1,200 gigawatts (GW) between 2019 and 2024 driven by solar installations, according to an International Energy Agency (IEA) market report. Photovoltaic (PV) solar is projected to account for 60 percent of the new capacity as a result…
Energize Weekly, October 30, 2019 U.S. crude oil exports increased to an average 2.8 million barrels a day for first seven months of 2019, sending oil to as many as 31 different markets per month, according to the federal Energy Information Administration (EIA). The U.S. is now exporting oil to more markets than places from…
Energize Weekly, October 30, 2019 Indiana electric customers could save $12 billion if the state’s utilities moved directly to renewable generation and skipped the strategy of using natural gas-fired plants as a bridge, according to a report to the task force developing a statewide energy plan. The report, done for the Indiana Citizens Action Coalition,…
Energize Weekly, October 30, 2019 Electric customers of regulated utilities in four of the biggest U.S. wholesale electric markets shouldered a $3.8 billion burden for inefficient coal plants between 2015 and 2017, according to a Sierra Club analysis. The Sierra Club report focused on the “shelf-scheduling” of coal plants by regulated utilities in markets run…
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